Thoughts on a partnership build?

[BillL]

Originally Posted by acam37

One person will wind up doing all the work while the other will have every excuse in the book as to why he can?t work on the plane.

+1 Maybe if one did all the work and the other 100% funded, but the final product was 50/50 might be a good deal.

[C. Brenden]

I had a great experience with a build partner. We modified an AOPA partnership agreement to include items during the build. We completed an original slow build RV6A kit in 1997 after exactly 4 years. We enjoyed a successful partnership while we flew the plane for 10 years. In 2007 my partner moved on to other things so we sold the plane. It was great to have someone there during the build to keep things going and after the build to share the cost. We also did a lot of flying together.
Find the right person and write up a good agreement.

[fabricflyer]

I've enjoyed reading all the posts. I have a couple of buddies that went together and built a 10. One funded and the other built (third build). They flew it for several years and sold it and split the money. They had no problems...that I know of.

I had a partner in a C172 once. We split the cost of the plane and all the upkeep. He didn't fly it much, but said he would pay for the insurance if I kept it clean and ready to go. For some reason I called and checked on the insurance one day. The agent said "what Insurance". Seams that all was fine for the first year and he just stopped paying when renewal came up. I called my partner and said the plane was mine now. He said that was fine and just walked away.

When dealing with a partner, be like Reagan (Trust But Verify)

Allen
Very slow build 7A