Rykymus
Line Up and Wait
I got lucky on the Archer. It had been pulled from a flying club nearby by the owner for unknown reasons, and had been sitting on the tarmac at the FBO where I was doing my PPL for a couple years, only being flown a few times per year. It was a little rough, but in decent shape for the most part. I spent another $15k getting it from minimum air-worthy to MY idea of air-worthy. But it had about 700 hrs left to TBO when I got it, and good compressions. (And no problems detected in the oil/filter analysis since I bought it.) Between my nephew and I, it now gets flown 2-3 times per week now.
As for the question, I've decided to stick to my original plan for now, and fly the plane for a few more years. If I have to sell it as a run out, I want to really run it out. I will be upgrading to WAAS, and making it ADSB out compliant, and I'll also put in new carpet. (More for the wife.)
Buying the plane slightly delayed our plans to buy a house, so I owe it to my wife to by her a house first.
As for the question, I've decided to stick to my original plan for now, and fly the plane for a few more years. If I have to sell it as a run out, I want to really run it out. I will be upgrading to WAAS, and making it ADSB out compliant, and I'll also put in new carpet. (More for the wife.)
Buying the plane slightly delayed our plans to buy a house, so I owe it to my wife to by her a house first.