But you don't backpacker.. you work out the market value of the AEROPLANE and then pay a share of that.. that's it. Simple as that. The Cessna 150 I'm starting a group with has no engine fund, but 1100 hrs to get a fund (with luck!!). Everyone is paying a 10th share of 16000. If there was an engine fund I'd pay... yup a 10th share of 16000.
In three years there may be an engine fund of 6000. The aeroplane maybe worth £12,000. I'll sell my share for 10 % of 12,000 NOT 18,000. How can my share increase in value for an aeroplane that was even sh1ttier than when i started!!???
in reality i'll probably ask £2,000 for it.. but that's me, not the market!