Is Buying an Airplane for Flight Training Worth It? // #64

Karl emailed us asking about purchasing an airplane to complete his flight training instead of paying the very high aircraft rental costs in California. Mike and Sean break the pros, cons, and costs of this method using real world examples.
ATP Flight School Episode: https://youtu.be/QNCOPvfjXIU
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Chapters:
00:00 Intro
01:55 ATP Flight School Episode
05:54 Karl's Question
09:14 Why would some one want to buy an airplane to train in
10:28 Before you buy a plane
11:54 How much would an airplane cost
14:32 Sean's plane
17:18 Possible pitfalls
18:04 Instructor costs
19:10 Engine overhaul
20:14 Aircraft purchase price
23:29 Why NOT to buy an airplane
26:49 Other ways to make owning an airplane cheaper
30:00 Flying clubs
31:15 Take action & start training