Financing a homebuilt

Any thoughts on how to finance a homebuilt airplane? I`m thinking
about building an rv-10. From what I have heard, expect to pay at
least $100,000 (I`m betting it will be more!!!) for a completed plane
with 260 hp engine and decent avionics. I don`t know about anyone
else, but I don`t have that kind of spare change on me. Any thoughts
and ideas on the subject would be helpful.


I'm kinda curious why nobody mentions a home equity loan. I'ts cheaper
on the rates, and possibly tax deductable. If your talking $20K, it
should be easy, if your talking $100K I wouldn't even bother.
Lou

My personal opinion is that if you have to mortgage your home to pay for it,
you probably can't afford it. I agree the rates are lower, the interest may be
deductable but the risks are too high.


Bob Reed
www.kisbuild.r-a-reed-assoc.com (KIS Builders Site)
KIS Cruiser in progress...Slow but steady progress....

"Ladies and Gentlemen, take my advice,
pull down your pants and Slide on the Ice!"
(M.A.S.H. Sidney Freedman)