Recommendations for airplane purchase/partnership-Need lots of advice

[JimNtexas]

I would suggest not forming a partnership rather have one owner and up to three expense share partners. Make each partner pay 1/4 of payment, hangar, insurance, and a per hour maintenance reserve all payable to the owner....

That idea has some appeal, my question would be what happens when that big non-programmed expense happens? And you know it will. Sooner or latter there will be an AD, a blown cylinder, an expensive radio failure, landing gear issues, etc.

In a partnership the partners can be assessed, but in this shared expense model it sounds like the one owner needs to be ready to write the big check.

 

[capg2000]

If needed, I have a great 1968 182 L that will fit the projected partnership very well!