For Sale: Partnership Cirrus SR22 Atlanta PDK - partnership

Discussion in 'Aircraft, Clubs, and Partnerships - Buy & Sell' started by wayne, Mar 22, 2017.

  1. Anil Kowatra

    Anil Kowatra Filing Flight Plan

    Joined:
    Jan 28, 2017
    Messages:
    21
    Location:
    Atlanta GA
    Display Name:

    Display name:
    Anil Kowatra
    Cirrus is at Covington (KCVC). I have put together brief description including avionics, rate, current location along with few pictures on "Our Airplanes" page on my website.

    I don't have privileges to post links. I would appreciate if somebody can post the link to my website (my last name) here.
     
  2. Hang 4

    Hang 4 Line Up and Wait

    Joined:
    Aug 18, 2017
    Messages:
    968
    Display Name:

    Display name:
    Hang 4
  3. Ravioli

    Ravioli Final Approach PoA Supporter

    Joined:
    Dec 1, 2014
    Messages:
    7,655
    Location:
    Fort Worth
    Display Name:

    Display name:
    Pasta Man
    I read through that too when I was looking at your website. Each plane shows it's base and tail number in the description, with the rate.
     
  4. wayne

    wayne Pattern Altitude

    Joined:
    Mar 10, 2007
    Messages:
    1,724
    Location:
    Atlanta, GA
    Display Name:

    Display name:
    wayne
    Nope. Looks like I didn’t update here.

    One guy who was in early on realized he wasn’t flying much, so didn’t make sense to buy. A shame as he seemed like a really nice guy, including when I flew with him a couple times. Others didn’t have the money, “Are you open to a non-equity partner?”, or had low hours, no SR22 time and often no IR. Found insurance wasn’t pleased with the low time/no-time-in-type pilots. They would sell insurance, but with a really low liability number that the rest of us were not good with.

    Then the other guy started working more, semi-retired, and not flying as much, so wasn’t as gung-ho.

    So, I’ve put it off until 2019. Focusing on prepping our house to sell and most likely buying the next home before this one sells. So I’ll need our capital for painting/new carpet and even more so for the down payment on the new place. We’re in a pricey neighborhood, so sprucing things up for that. Plus tossing a lot of “stuff” out. It’s amazing how much “stuff” accumulates in 20 years. :eek:

    Works out great as our middle daughter got in a car wreck, other person’s fault and her car wasn’t worth much. Since she’s into horses we got her a used truck instead of a used car. That took a chunk of change. Fortunately only the car was hurt. She and the dogs were fine.

    My current plan is to start working on it again after we have downsized the home. Then my capital will be free’d up. It’s quite possible I could just buy a SR22 solo after that. I’d still prefer a partner or two, but I’ll have options.

    As for your planes, they look nice and the prices are good. Unfortunately they are at least an hour drive in no traffic from me. I appreciate the info, but it won’t work well for me.
     
  5. Hutch

    Hutch Filing Flight Plan

    Joined:
    Jan 1, 2019
    Messages:
    4
    Display Name:

    Display name:
    Hutch
    Please let me know if this post is still alive. A friend of mine forwarded this to me and I have a big interest in this kind of partnership. I have the capital, the experience, I was just looking for a more affordable way to have a plane for long weekends and I wouldn't need more than 90 hrs per year. I'm close to LZU, GVL and PDK would work. I'd be happy to share more info if anyone is still interested. Thanks and Happy New Year!
     
  6. wayne

    wayne Pattern Altitude

    Joined:
    Mar 10, 2007
    Messages:
    1,724
    Location:
    Atlanta, GA
    Display Name:

    Display name:
    wayne
    It's in hiatus at the moment. It was struggling along. Then my wife and I decided to get working on downsizing our house, which will include buying the next place before we sell our current home. That will soak up all the capital. Once we sell this house then I'll have the capital to buy a plane. At that point I'll put a harder push on getting it set-up. Current thought is we put the house on the market in March.
     
    Checkout_my_Six likes this.
  7. Hutch

    Hutch Filing Flight Plan

    Joined:
    Jan 1, 2019
    Messages:
    4
    Display Name:

    Display name:
    Hutch
    1. =mk p8 vb8ljkukk0t
      OK, thank you. I'll be following the thread.
     
  8. Anil Kowatra

    Anil Kowatra Filing Flight Plan

    Joined:
    Jan 28, 2017
    Messages:
    21
    Location:
    Atlanta GA
    Display Name:

    Display name:
    Anil Kowatra
    Hutch, I have variety of airplanes including Cirrus SR20, Piper Archer, Cherokee 235 etc. PM me if you are interested.
     
  9. Hutch

    Hutch Filing Flight Plan

    Joined:
    Jan 1, 2019
    Messages:
    4
    Display Name:

    Display name:
    Hutch
    Hi Anil. I sent you a PM, or at least I think I did. If you don't get it let me know. Thanks for reaching out.
     
  10. Pitchristian

    Pitchristian Filing Flight Plan

    Joined:
    Jan 12, 2019
    Messages:
    1
    Display Name:

    Display name:
    Christian
    Wayne and Hutch ,

    I’m looking for a partnership as well in the sr22. I’m open to either the turbo or NA version . I am an airline pilot and just sold my twin based at KLZU. Still have the hangar at the moment. I wasn’t using the twin enough and a 3 way partnership in the Cirrus would be a perfect fit . Have the money and ready to go. Email me if interested.

    Christian
    Pitchristian@yahoo.com
     
  11. Hutch

    Hutch Filing Flight Plan

    Joined:
    Jan 1, 2019
    Messages:
    4
    Display Name:

    Display name:
    Hutch
    Have you talked to Anil yet? He has a SR 20 that is impeccable and he's got good rates. It was based in CVC but he is looking for a new hangar. If you still have your hangar in LZU maybe you two can make a deal. He has several planes based in LZU. I'll send him an email as well.
     
  12. wayne

    wayne Pattern Altitude

    Joined:
    Mar 10, 2007
    Messages:
    1,724
    Location:
    Atlanta, GA
    Display Name:

    Display name:
    wayne
    I'll keep in touch with you. We're actively working on downsizing. After that I'll be ready to buy. We're going to buy the next home before we sell this one, so that's going to soak up the capital in the meantime. We're packing up things right now for the painters starting tomorrow on the current house and seeing a potential one to buy on Tuesday. So, very active in the downsizing.
     
  13. fallingnate

    fallingnate Filing Flight Plan

    Joined:
    Jan 19, 2015
    Messages:
    3
    Location:
    Marietta, GA
    Display Name:

    Display name:
    Nate
    Hey gang- just wanted to introduce myself. My family recently moved back to Atlanta (lived in California for a few years) and I've been looking at an SR22. I'm a low-time instrument-rated pilot (~200 hours), no cirrus time yet. We're up in Marietta so RYY/PDK would be home base options for me. Is anyone out there still looking to join up? Hope to meet some of you soon around the airports. Best-
     
  14. wayne

    wayne Pattern Altitude

    Joined:
    Mar 10, 2007
    Messages:
    1,724
    Location:
    Atlanta, GA
    Display Name:

    Display name:
    wayne
    There are a couple of rental fleets at PDK that have SR22s. Aero Atlanta has some very spiffy G5s and G6s, with some spiffy prices. :eek: SkyBound has two G1 planes (2003 and 2004) at lower, but not cheap, prices.

    I'd recommend doing the Cirrus Transition at one of them and getting some SR22 time. Insurance is going to want that. Your instrument rating will help. Getting some SR22 time will also help.
     
    Skepilot likes this.
  15. Christopher R Svoboda

    Christopher R Svoboda Filing Flight Plan

    Joined:
    Apr 16, 2019
    Messages:
    2
    Display Name:

    Display name:
    Svoboda



    I just took my first transition flight in a Cirrus SR20 at Aero post PPL. Loved the airframe and find it a great fit for my future missions - but holy cow those rental prices and instruction fees are eye watering. I am interested in other Cirrus opportunities pre IFR ticket around Atlanta if available once the check out is complete.
     
  16. wayne

    wayne Pattern Altitude

    Joined:
    Mar 10, 2007
    Messages:
    1,724
    Location:
    Atlanta, GA
    Display Name:

    Display name:
    wayne
    For the same rate you rent the SR22s at Skybound (at PDK). They are not as new and shiny as the SR20s at Aero Atlanta, but more performance.

    I don't know what the requirements are for flying the SR22s. Typically most places require an Instrument Rating for that or similar planes. I know one can get insurance for a SR22 without an IR, but the the price goes up and the liability coverage goes down. That's why the IR is required at most places for "traveling" planes.

    Have you started instrument training? Getting near finishing it?
     
  17. Christopher R Svoboda

    Christopher R Svoboda Filing Flight Plan

    Joined:
    Apr 16, 2019
    Messages:
    2
    Display Name:

    Display name:
    Svoboda
    Got my PPL last month... I'll call Skybound but I'm sure they'll have IFR or 250 hr min.
     
  18. BrianNC

    BrianNC En-Route

    Joined:
    Feb 2, 2009
    Messages:
    2,605
    Location:
    Atlanta
    Display Name:

    Display name:
    BrianATL
    Anil, shot you a PM.
     
  19. Shawn Fobas

    Shawn Fobas Filing Flight Plan

    Joined:
    Sep 2, 2020
    Messages:
    4
    Display Name:

    Display name:
    Fobieone
    I may have missed this opportunity however is anyone in this group still partner searching at KPDK or have hours they want to discuss sharing?
     
  20. wayne

    wayne Pattern Altitude

    Joined:
    Mar 10, 2007
    Messages:
    1,724
    Location:
    Atlanta, GA
    Display Name:

    Display name:
    wayne
    I ended up finding a LLC with a SR22 G2 that was looking for a third last fall. I bought into that. One of the owners is not a pilot and finally decided to move up to a turboprop. His share sold fairly easily. Now it's three pilots that fly the SR22. One potential buyer wanted AC, so did I, but.... He had already been talking with another pilot and they set-up their own LLC on a SR22 G3 with AC.

    There are people out there. It can take a bit of time with no plane to find one or two to get it set-up. If you can afford to buy one in the short term and sell off shares that's a faster route. You do have to deal with the risk of buying too much or too little plane for other buyers though.

    There was a group trying to form at PDK with 6 or 8 people to buy a SR22. One was a commercial airline pilot, so he may be out of the plane buying market for a while.
     
  21. Shawn Fobas

    Shawn Fobas Filing Flight Plan

    Joined:
    Sep 2, 2020
    Messages:
    4
    Display Name:

    Display name:
    Fobieone

    Wayne

    Thanks for the information. Do you have any of the names of the 3 person group at PDk with the G3? Perhaps someone wants out or a 4th partner as that is right up my alley. Shawn
     
  22. wayne

    wayne Pattern Altitude

    Joined:
    Mar 10, 2007
    Messages:
    1,724
    Location:
    Atlanta, GA
    Display Name:

    Display name:
    wayne
    The 3 person group is the one I'm in at RYY. We had one share for sale, but it was recently purchased. The guy with the G3 is in a two person group, also at RYY.

    The guys at PDK were working on a club sized group with 6 - 8 people to keep the costs down. Last I heard they hadn't gotten it all together, then COVID hit and at least one of the group was a pilot for one of the major airlines. I think the size could work against them on insurance, as they'll need commercial insurance and at least some of them probably don't have the Cirrus transition training or more than 100 hrs time-in-type.

    Sorry that I wasn't very clear in the prior post.
     
  23. Shawn Fobas

    Shawn Fobas Filing Flight Plan

    Joined:
    Sep 2, 2020
    Messages:
    4
    Display Name:

    Display name:
    Fobieone
    I believe you were clear. I probably mixed up the PDK part. Can you pass along any of the 2 man G3 names and the 6-8 man PDK group so I can reach out and see if there are any opportunities? I really appreciate the help! Glad things have worked out for you.
     
  24. Skepilot

    Skepilot Pre-Flight

    Joined:
    Jul 11, 2017
    Messages:
    62
    Location:
    Atlanta, GA
    Display Name:

    Display name:
    Skepilot
    Shawn, I’m one of the guys trying to get the 6-8 member “flying club” going with an SR22 in PDK. PM me your email address and I’ll add you to our email group. A few guys in the group are kind of “on hold” due to job uncertainty thanks to COVID. So, a purchase probably wouldn’t happen until next year, but you’re welcome to join the discussion group.
     
  25. Shawn Fobas

    Shawn Fobas Filing Flight Plan

    Joined:
    Sep 2, 2020
    Messages:
    4
    Display Name:

    Display name:
    Fobieone
    Thanks for the invite. I am new to this forum so I have not quite figured out how to PM you. Been looking through the site and don’t see it. Perhaps it is because I am new that limits my access?
     
  26. wayne

    wayne Pattern Altitude

    Joined:
    Mar 10, 2007
    Messages:
    1,724
    Location:
    Atlanta, GA
    Display Name:

    Display name:
    wayne
    PM sent with an email for the two person group. I think they like that it's only two people, but you can always start a conversation with them.
     
  27. jfox1995

    jfox1995 Filing Flight Plan

    Joined:
    Jul 13, 2018
    Messages:
    6
    Location:
    Atlanta
    Display Name:

    Display name:
    Jim
    I sent you a PM in case you are still looking for partners.
     
    Skepilot likes this.
  28. Trench

    Trench Filing Flight Plan

    Joined:
    Aug 31, 2019
    Messages:
    5
    Display Name:

    Display name:
    Trench
    I'm interested in this. So far COVID has been kind to my job at Emory. PM me I there is still partnership opportunity.
     
  29. jyager

    jyager Filing Flight Plan

    Joined:
    Nov 15, 2020
    Messages:
    1
    Display Name:

    Display name:
    jyager
    I would be interested as well. PM me please. I would also be willing to consider less people in partnership, such as 3 or 4.
     
  30. Skepilot

    Skepilot Pre-Flight

    Joined:
    Jul 11, 2017
    Messages:
    62
    Location:
    Atlanta, GA
    Display Name:

    Display name:
    Skepilot
    I'm no longer part of that group, I decided to go on my own and build a Sling TSi. Great group of guys, but I felt like it was going to take too long for the club to come to fruition. I think @jfox1995 is in that group. I'd PM him your email address and he can probably add you to their email list.
     
    Rein Hart, coolbreeze and Cluemeister like this.
  31. coolbreeze

    coolbreeze Pre-Flight

    Joined:
    Oct 17, 2007
    Messages:
    50
    Display Name:

    Display name:
    coolbreeze
    That's awesome. I discovered the Sling a few months ago and really like what it has to offer. Will you be documenting your build?
     
  32. Skepilot

    Skepilot Pre-Flight

    Joined:
    Jul 11, 2017
    Messages:
    62
    Location:
    Atlanta, GA
    Display Name:

    Display name:
    Skepilot
    Stay tuned for a series of videos, basically a video build manual, to be published from the factory. (I believe it will be published on the Sling Aircraft YouTube channel.) Anyway, my plane will be the one featured in that video series.
     
    coolbreeze likes this.
  33. Luke Rozanski

    Luke Rozanski Filing Flight Plan

    Joined:
    Nov 19, 2020
    Messages:
    3
    Display Name:

    Display name:
    luked
    Hi Hutch, i’m in a nearly identical situation, PDK would be preferred. Care to discuss ?