Good Info! This is exactly the sort of thing I would love to do, and partially have. I've wanted to be a pilot since day one. I went to college and saw the price tag for their big fancy program and decided to spin wrenches across the street. Came out with my BA and an A&P ticket.
Got my Private back in May and paid cash. I have been working at a general aviation shop for about 4 months. I've gained so much experience already working on anything from 150s to Super King Airs and Merlins. I have recently decided to move on to a regional airline A&P job where I will make more money and open up 3 full days during the week to begin my Instrument. Might also pad my resume if I were ever to apply for a regional flying job.
If the opportunity were there though, I would easily invest my money towards a partnership with someone who is knowledgable in buying and maintaining aircraft. Perhaps another A&P or CFI. I've read countless threads and even bought a couple books, but I still know too little to venture into the world of aircraft ownership on my own at this point (or so I feel).
I paid $140/hr dual in a C150 during my Private... I'm sure it would be possible to cut costs or at least break even on that rate. That's even when considering Mx costs, insurance, hull, etc. And if not, you're investing in something that will retain it's value. The aircraft can always be sold in the end. Not to mention the pride of ownership and fun along the way. What better way to gain flying experience?!
I respect the people who think outside the box and go about this ever-popular journey in unique ways. I think it keeps the passion alive and gives you something to continually work towards.
Last edited by Jones14; 11-30-2010 at 05:25 PM.