Dude I have a mortgage. I put 25k down on the property. I rent out the house and 3 spots in the hangar. I get enough income from rent on the property to pay the mortgage and have profit on top every month. I’m not a rich by any means. But I live comfortably enough.
If you’re truly passionate about flying and owning aircraft then you do what you have to do to make it happen, that’s what I did anyways. Exactly that. And I have less than 60k of investment in everything. The property generates profit now.
Never said it was easy, but I have less than 60k of my cash into everything, including a property that generates me money back. You gotta work for what you want. It’s not like I just inherited the capital to do this. I worked for it. And now I have something that will not only pay for itself but pay me as well. But go ahead and just try to hold yourself down with that thought process if you want.
Yes and no. I bought a property with a double wide and a 5000 square foot hangar on it located on a private strip. The rent from the double wide and the other hangar spots I rent pays the mortgage and all the expenses related to the property. I own a j3 cub that I have about 30k into that I fly daily in Florida and maintain it myself for practically nothing. Affordable aviation is possible but you have to be very smart about how you go about doing it, and a good bit of luck is involved to get the right deals by being in the right place at the right time.
Agreed, a bit of luck is absolutely necessary.