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Can you provide an update? I’ve been considering doing this for a few years now and will be able to make it happen soon. Would love to hear you opinions now after you’ve been doing it over a longer period of time

How do you calculate maintenance, engine, and prop reserves?

Bad idea. You risk abuse by student pilots and renters. Plus you are limited by your agreement on when you have access to it. So basically your in line with the renters and students.

I am thinking about doing the same thing with our Sierra. I’m wondering about the difference between the JPI 830 vs 930. I was thinking the 830 was for experimental a/c and I need the 930 for TSO. Do you have any thoughts on that ?

I’m in VA in the Hampton roads area. Are hangers in this area that hard to get? If you are in this area

In 2000-2002 I owned the Piper Archer II N3569D. I had the speed mods installed and used for it for my instrument and commercial training. That was excellent plane and regretted selling it.

Just get a partner or 2 if you wanna cut fixed cost. You will have more access to use it and not rack up 1000's of hrs of airframe time getting bounced off the runway daily by students. Most of the partnerships I know of the airplane is available 99% of the time for use. Fixed cost are divided equally and they contribute a small hourly rate to a pot for wear items.

Nasty. Would a G3x not have been worth the difference or would that spiral?

Why don't you state the price? it's the absolute most interesting aspect and you intentionally omit it. Why should we give the video a like then?

OMG…I just fell in love with them, that little bit more!!❤❤

Thanks for the video! How does the 100 hour inspection work?

Saw that the plane is owned by your investment co. Do you use it for biz? Any sources you can point me to related to smart structuring of a plane purchase?

When you spent the hard dollars and still feel good afterwards that's the best feeling

GREAT PAIN JOB!

Just got into aviation so I'm not very familiar with everything. But when lease back of a plane and if you're "making" money, is this considered a taxable income? Is the plane registered under a LLC or personally under your name?

Unit Weight: 107 lbs

Good video. Thanks. But I do need a PDF of this plan! I m starting now, and will buy my first airplane and that leaseback is for sure the perfect solution to me. I am at Brazil now. I have 8 cats, and to buy a airplane is the unic acceptable solution to me that I can move from here to a other country with them. I think I can do that agreement with the school even before to get the airplane for two reasons: first here have a lot of taxes, and I want to prove not being importing a airplane, and yes being catcher by the airplane and the pilot for to move out from Brazil. So that airplane will be mine but at a other country. Second, its a great deal zero costs and plus to make a money . I think a school that have their own engineer and they do a checkout for me before to give me my airplane to fly, is a better contract to me. And I will to put cameras inside and outside and will to monitor that use by these.

How’s your business going now? Every lender I’ve contacted limit hours for flight club use. Have you found lender that does not? I’d like to get your input.

I bought this at Lowe’s for 1099

Will it fit in the back of an Suv?

That title is exactly my question!!

Guy did a great job on your Twin Comanche, Beautiful Bird!

How much did the plane itself cost?

Just another reason to go experimental !

Hi mike I'm new to your channel and tbh i love your content . Would like if you post more videos of your aircraft .

I have many planes in this set up. You need to treat it like a rental. That’s it nothing else. Reliable and CFI that wants to fly your plane. That’s it nothing else. Fill it up with time and CFIs.

One of the aircraft at the flight school I just finished up at has a never-ending stack of new tires in the hangar. Probably goes through 2 sets a year or more.and a never-ending revolving list of small INOP items. They get treated like rentals. So you have to ask yourself, do you want to be a seasoned pilot that's always got your airplane in use, in maintenance, or down for repairs. And when the weather is nice and you'd like to fly, so does everyone else so you're essentially living in a renter pool. Its just not for me if I can only own 1 airplane.

On time and on budget? Has never happened in all the airplanes I've owned. Got tired of it and bought an experimental.

I could smell the water through the video.

Thanks you, very informative video. I am about to start a lease back with my flight school. They are all DA40 fleet. They have 2 currently. One thing I am still thinking is, when it comes to the training. Do I use my airplane or I use their plane? Using their plane is basically pay 20% of the rental rate. Using my plane, I am paying the actual operating cost and losing the ability to make money(the hours for other renter to rent my plane). Have you thought about this? This sound counterintuitive that use their plane is actually cheaper than using my plane.😂

So I'm not looking to make tons of money if I were to go this route, but I am looking to offset costs or make enough money to cover future maintenance issues. With that said, how much control and flexibility do you have with your aircraft's use? Can you cap the total number of hours it can be used in a month? Could you arrange for it to not be used as a base trainer aircraft and only used for things like IFR and complex aircraft training?

Where is the airplane at 2 years later now? I just bought my Archer to leaseback to a school. 😊

Beautiful job and great design ! BEST IVE EVER SEEN !

Do you need to stop to turn off the engine with you stop spraying?

Another reason you’re obviously authoritative is that Les Paul and …? leaning against the wall in the background 🎸👍🏼

Whoa! Slow the bloody cursor down!

Thanks! Great video. Keep them coming.

Great looking plane and fun to fly!

Beautiful job and great design. Well done Mike. The Comanche’s classic design and this paint job make it look like it just rolled off a factory assembly line yesterday.

What insurance company do you use?

I'm from South Sudan 🇸🇸 and I have just started my aviation company last month and I have been wondering how I can rent a small plane and how much does it cost?

I’ve jumped into this by accident but I feel lucky. Would love to pick your brain and learn if you’re willing to share. I’m hoping you still check your RUclips Channel.

Love the video. Think I heard your based out of Va also. Question- how did you go about finding the other party to do the lease back with?

Ok so you own the plane.. I would like to do this if possible to pay for the loan on a plane to eventually own it. Can you do this? Also why flight school lease backs and not rent for private flights?

Hey, So I want to fly a diamond DA 50 but way way to expensive for a 18 year old what do I do will that aircraft be able for me to lease my plane?

Very nice upgrades to this day! I got a question for you. On the leaseback you have, do you rent it out at the same price point as the other less advanced aircraft? I know you said in one of your other videos that you scheduled your training on your plane the same way as the other students. So would you schedule it for a set time when you wanted to take it on a long vacation as well? Also, who set the terms and wrote out your agreement for the leaseback? Thank you

Half the value of the entire airplane

I own a bonanza c35 I don’t think I can justify paying the ultra uber high prices for modernizing to modern avionics but I can dream😂. For the rest of you I guess that taking out a second or third mortgage is well worth it!

wow tha tis not bad at all. i just spent 260 grand on a glass panel on my 81 414 and took them 7 months

math makes about zero sense. You basically are getting paid, but it goes to 100 hour inspections, etc... he mentions adding value such as a 172 with a g1000 but a decent one used goes for about 260K so when you throw the cost of the plain itself in the mix, it is a total loss leader. Anyone who says they are making money doing a leaseback is (in my opinion) ignoring a lot of the numbers.