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Any of you ballers own a share of a plane?
Posted on 9/11/14 at 11:13 am
Posted on 9/11/14 at 11:13 am
I guess if you were a real baller, you'd own the whole thing, but anyway...
If so, I have some questions, but initially: Do you own it for personal use or to make money or both?
If so, I have some questions, but initially: Do you own it for personal use or to make money or both?
19
Posted on 9/11/14 at 11:14 am to baybeefeetz
I keep seeing nice Piper's and even a really nice Bellanaca for between 50-60k but I can't justify that.
Would go in a third or fourth though.
Would go in a third or fourth though.
Posted on 9/11/14 at 11:17 am to baybeefeetz
We have a 1/3 interest in a GIII but we're looking at going half in a G550 so we don't have to do the 2015 upgrades. Assuming you're looking for actual answers.
Posted on 9/11/14 at 11:17 am to Napoleon
I ask because a friend owns one worth about $65k and wants to go into joint ownership with two or three others to raise some cash for another venture.
Posted on 9/11/14 at 11:18 am to baybeefeetz
My ex wife boss (doctor) owned one, owned half of one, and owned a chopper.
Posted on 9/11/14 at 11:21 am to baybeefeetz
Does a helicopter count?
Posted on 9/11/14 at 11:22 am to Pettifogger
quote:
We have a 1/3 interest in a GIII but we're looking at going half in a G550 so we don't have to do the 2015 upgrades. Assuming you're looking for actual answers.
Do you have the interest in teh plane itself or an LLC or something?
Posted on 9/11/14 at 11:24 am to baybeefeetz
quote:
Do you have the interest in teh plane itself or an LLC or something?
LLLP
Posted on 9/11/14 at 11:24 am to baybeefeetz
I was at a bar last year and I made small talk with this guy. He was upset because his mother was dying. Anyways, he said he had to leave so he could catch his flight. I asked him where home was and he said, "Columbus". I replied, "Ohio?". He looked at me strange and said, "Mississippi".
That's only a 2 1/2 hour drive. Come to find out, he was a billionaire or something. Had his own plane. I'm jelly.
That's only a 2 1/2 hour drive. Come to find out, he was a billionaire or something. Had his own plane. I'm jelly.
Posted on 9/11/14 at 11:26 am to Pettifogger
awesome. So any tips about how to get/shop for insurance? Any tips on how to structure the company so you're more insurable?
Posted on 9/11/14 at 11:27 am to baybeefeetz
quote:Only the poors own a share of a plane.
Any of you ballers own a share of a plane?
Posted on 9/11/14 at 11:28 am to baybeefeetz
Dad has had 2
Uncle has had 7 from turbo prop to Hawker 800xp
Business...............which allows for personal use
Uncle has had 7 from turbo prop to Hawker 800xp
Business...............which allows for personal use
Posted on 9/11/14 at 11:29 am to baybeefeetz
prepare thine anus, maintenance on a plane is worse than on a boat
This post was edited on 9/11/14 at 11:29 am
Posted on 9/11/14 at 11:29 am to DirtyMikeandtheBoys
I take it you come from an incredibly wealthy family. Can we be best friends?
Posted on 9/11/14 at 11:31 am to SabiDojo
I wish. My dad's were single engine. I think the most expensive was like $180k
Now my uncle, who is actually more of a very close friend. The Hawker was like $8M, he also has kept a King Air 350 throughout and rotated jets and smaller props at varying times.
Before the financial crash they had 3 at one time
Now my uncle, who is actually more of a very close friend. The Hawker was like $8M, he also has kept a King Air 350 throughout and rotated jets and smaller props at varying times.
Before the financial crash they had 3 at one time
This post was edited on 9/11/14 at 11:39 am
Posted on 9/11/14 at 11:32 am to DirtyMikeandtheBoys
Oh. Well, we can be best friends anyways.
Posted on 9/11/14 at 11:32 am to SabiDojo
Posted on 9/11/14 at 11:33 am to baybeefeetz
quote:
to raise some cash for another venture.
I wouldn't really call buying a plane a venture unless you use it to make money..otherwise it's more of a money pit.
Posted on 9/11/14 at 11:33 am to SabiDojo
It's just like a boat IMO.
Better to have a friend with a plane than to have one
It is pretty surreal though, the first time you drive up to one on the runway and hop out the car and on board and are wheels up in 10-15 minutes.
Better to have a friend with a plane than to have one
It is pretty surreal though, the first time you drive up to one on the runway and hop out the car and on board and are wheels up in 10-15 minutes.
This post was edited on 9/11/14 at 11:35 am
Posted on 9/11/14 at 11:35 am to DirtyMikeandtheBoys
Nm
This post was edited on 9/11/14 at 11:36 am
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