FUN. The views. Flying, shimmering, splendour. A whole new world! Heard this song playing in my head, never knew the song, confirms many glorious things about flying. I continue to watch your videos when I have time. Thanks again for so much insight.
You two are a great team and Reuben has so much to offer both in terms of technical "guidance" as well as personal "guidance." Let's see more of him ! To this day I still use his philosophy of "The Power Of Nice." And yes, it works !!
Kiosaki is writing books about it but this interview put it all to practice. Please apply this thinking on all "things" before you buy. Income- Expense and Assets an Liabilities are only part of financial challenge that involves buying things. And please make mistakes like me buying a catamaran once. MY wife was so happy when I finally sold it. But I learned a lot on the way.
Would be great to see more of your buddy on this channel just to give some advice to aspiring pilots and helicopter owners. He explains it as an asset and leasing it to a training school, but how much offset does that bring for example. You two are an awesome and inspiring combination.
Great video- Ruben seems like a smart guy nice to learn about his background. Puts in to perspective about him showing up with a R-66 and flying around the world. Works out great for your business as well. Stay healthy! Checking in from the coast of Maine 👍
Thanks Mischa and Ruben. Great to see you guys on this video again... You know I totally share your perspective. Would be great to have a Q&A video with both of you.
Thanks Mischa, this is a nice surprise and honour to hear our good friend Ruben speak about it. Ruben is in a good place with his non-debt approach to a purchase. Rich Dad Poor Dad Robert Kiyosaki bought all his property by raising finance and leveraging debt, so horses for courses. Clearly, for a lease back option, it would make sense to be working with an owner of a flying school such as yourself with a view on what aircraft may be needed and used and work out the LLC depreciation write-off factor versus income levels to pay for operating costs, variable costs and scheduled costs etc. We all know that a helicopter should be owned by a business entity to fully benefit from tax breaks, depreciation asset, insurance, liability and so forth. When you think every company corporate in existence today has operating debt of anything between 20-35% of annual revenue, and even tech startups have venture capitalists, bank overdrafts, bank loans etc, all startups have seed funding stages, the asset is never truly owned by the owner, and when it is it EBITDA growth is marginal. However, I can see the philosophical reasoning behind why you wouldn't want to use debt to leverage a purchase, as it could taint the fun of the passion. So with all this being said, can you do a video with the spreadsheet to show typical hours used on a lease back and % contributions towards these fixed costs and reduced costs for the owner to fly in a broad sense. So I would like to know if my R44 asset can at least meet costs, and any profit my LLC makes from helicopter lease-back gets zeroed from a good accountant that writes off depreciation down the line.
I'm applying Ruben's closing principle of holding onto the dream, that the dream itself is part of the journey and has value. For me, that dream is to get up there and get into your school. At my age, I don't have any practical application for a helicopter pilot's license, probably will never own one, don't even see myself renting one after getting rated (unless I somehow catch the bug and/or win the lottery), but I can't stop dreaming about learning how to fly one, especially in that terrain. Some day, I'll be living that dream! Great vid as always and great to see Ruben again!
Great to see Ruben again. Great to see an opportunity that works for both parties. Maybe you could do more of this type of video with some mentoring and advice included. 👌🏻
What a fantastic chap! Really interesting - I was aware of the financial mechanics but the philosophy/journey stuff was really cool to hear. Would be great to fly with you guys when this “situation” is all over!!
Interesting talk! From my experience with friends who've done it, only certain airplanes are suitable for leasebacks, mainly those that will get a lot of use and are bulletproof. For fixed wing, hard to go wrong with a 172, as long as it's at a busy operation. Downside is after the lease is up you get a beaten up 172 returned to you especially if it was at a flying school. Probably an R44 is the sweet spot for helicopter leasebacks, because it's so popular and its numbers are so consistent and predictable, but you still take the risk it won't fly as much as you hope. In fixed wing, friends that got into lease backs had to approach it not as a profit making venture, but as a way to defer some or hopefully most of the capital cost so at the end of the lease you have your airplane back with a big chunk of it paid for and you don't mind the wear and tear put on it in the mean time. I think for someone looking to build time and have fun, a group of partners buying a 300 or G2, say 5 guys/gals each coming up with 100k each, and running it as a little flying club, is a better way to go. I used to be in a syndicate of 15 that formed a numbered company which owned 3 Cessna 180s on floats, with the members as the shareholders, and we rented the a/c off the numbered company. Worked really well.
..I personally have ZERO desire owning a Robinson anything. I HAVE flown the R22..probably 40+ hours in it, and actually the 1st helo I soloed in. I’ve only ridden in a ‘44’. Went on to ‘fully-articulated’ systems…Schweizer 300’s & Hughes 269’s. Semi-rigid rotor systems aren’t for me UNLESS it’s a Huey UH-1 or something of that sort.
@@m118lr I got to fly an R66 once having no helicopter experience, flying it around and hovering it a bit (barely), and what got me was the boosted cyclic had no bungee force trim system with no force or feedback of any kind and it was like holding a stick that if you let go it would just flop over. Made me wonder if you could get mast bumping just from accidentally letting go of it.
That's a great video! I went through the adventure of buying a helicopter for business (and they have also always been my passion), and I feel so aligned with what he said about that almost the best part is the dreaming about something and the way of getting there. That's so true! The journey is the best!
Assets or liabilities...very well explained and it not only regards to purchasing a helicopter . it applies to all mayor investments.unfortunately in my case it's all been one liability after another! I'll just keep dreaming!🤙😁
This was informative. I help aviation businesses with their online presence (websites). This type of content indirectly gives me insights/ideas into how I can serve my clients better.
Ruben makes very good statements, you need to off set the costs involved in helicopter ownership, thats just the entrepreneurial spirit, doesnt matter how much money you have, its the way we think!! My set up was different to Ruben-Mischa agreement, I hired my R44 back to my own company on an hourly rate which I could justify to the accountant we needed this machine in our business.
Mischa these were great questions but what I'm taking out of this also is the super advice from "Ruben" about buying the adult toy of your dreams for your "golden years" Great video.
The only way a helo..or ANY aircraft ‘works’ really in a sensible, practical way is to KEEP it busy. Renting/leasing it out or back to a Flight School, etc, or certainly a businss venture. The VERY few who can just run out and buy one for kicks are few and far between. It needs to be a business expense..or a write-off. That’s all IF you’re speaking from a strictly ownership side of things..
One thing that is not mentioned here is "maintenance". It's one thing to "buy n sell" n flip or rent or lease, etc. But what about us guys who are looking to "build" their own, like a Rotor X, RotorWay, or Safari Copter. We like the challenge as well as enjoying flying the machine. If YOU, yourself, do as much of the maintenance yourself, (I have built n blueprinted engines, know welding n machine shop operations). What I am saying here, is that if you're are capable you can save 50% or more on maintenance costs if you do it yourself. Or how bout buying a "roll over" or a damaged one that you can restore yourself! You can probably pick one up under $50K or less. Roll up your sleeves and get to work. It gets waay expensive if you are outsourcing maintenance, plus, no one is going to care more about your bird than you.
Excellent. No debts ever. If you can afford it, buy. If you have to get into debt, do not. Ever. Definitely not for a disposable pleasure. Unless you are into heli business, but this is private ownership.
No debt ever, has a whole new meaning today since buyers will now have to factor in a virus destroying the economy for perhaps 1.5 years! Those who were prepared for anything, are now discovering they weren't.
@@222INFINITY you're right. it might just be that we have to postpone our dreams. but then we should factor in that postponing will inevitably slow the economy even more. then we would have to admit that our economies only function if the consumptions keep increasing...but this is not the place to discuss the economic model of capitalism. Mind you i type from the principality of monaco so i kinda have a good observation point. just pay attention to your personal experience, since the lockdown, we have only spent money of what we needed, not what we wanted...and we survived
I don't think that is what he is saying. There is a difference between debt and a liability. IE, buying a rental house, you go into debt, but it can be an asset. You actually make more money that way and spread your risk to the bank for a measly 4% interest. That's a win-win debt into an asset.
Great Video -im considering buying a helicopter also-i live on an island and its a 5 hour drive to a mall-but only 45 minutes in a helicopter, and what a view....
I think every pilot would like to own his or her own aircraft, I was partners in a 172 and I had the freedom to fly whenever i wanted, but it got so expensive with all the extra expenses, hanger fees, Insurance, fuel, maintenance, that I couldn't afford to fly so Renting is a lot more attractive, but would still like to have my own.
The right kind of helicopter for me must be a Mosquito. It is affordable but getting a PPL-H is expensive. But super informative video - i hope you two do more videos and adventures again. Saw all videos of the trip around the world - as it happened and i studied several locations on google maps where you. The most scariest parts of your flying in my opinion was south america and Russia. The longhaul over open waters - not so scary.
See there's a backdrop for leasing or renting a thing. If you exactly believe a guy or a customer then that's okay. But see all customers aren't dependable. A person can use your helicopter (taking as eg.) in anyway. I mean he can use it, beat upon it. Land it harshly, can damage non-visible parts. I'm saying it because I too have experienced it..
Great information, my dream always was to become a helicopter pilot since a was a kid so I went into inventing a new product that came real close of being a success unfortunately it never seen the day of light because I trused in those in which I should not have so I just keep on dreaming. It really was not a fun journey.
Which is the best helicopter to buy? The very best your money can afford you. If you are a couple no kids no space needs and no money issues then get whatever you like. You might want a 135/145 or a 500. The best, is the best you can afford. IMHO
Hey Ruben! Long time no see.👍 By the way, great advice. Hey Mischa, you should have Ruben on more often. Also, any plans to create a round the world film?
I've been flying drones for many years now, and I think I'm ready to make the big jump into purchasing my first helicopter, I dont have a pilot's license so I'll need something easy to fly, preferably with auto pilot. I am leaning towards the aw139, I'm a big guy, and all my friends are 300 plus, so I need a hefty chopper. What's your opinion on the aw139? Good first chopper?
Sure if you have all the money in the world it's a wonderful helicopter. I'm not sure you need something that substantial. How about an H125/H130/H135. Those are all much cheaper options.
I'm currently in Southern Africa and there are a few opportunities for investment with Helicopters so not only as a life long dream of having my own fleet, I'm still working around which helicopters would work best for the opportunities available in order for me to not only enjoy flying but generate possible profit through it. Thinking around an H125 as well as an H130 so if you have additional information i could get, could you please share. It would really be helpful. Once again thank you🙏🏾
People with money makes money. If you own a G5 you dont want it to be a hanger queen so you lease it out to someone that can use it and make money unitil you need it, same with helicopters Billionaires and Millionaires make money period
I would really like to know his views on debt. Maybe uploaded on another channel as it doesn’t necessarily fit with the rest of the content on this channel but so many people in this world are pro debt it would be nice to here from someone who isn’t so inclined to putting themselves in debt.
As an R44 owner, I hope there will be another video that really drills down into the dollars and cents of ownership. It's not rocket science, much less proprietary information. The operating cost information on the Robinson web site doesn't lie if you can fly that helicopter 500 hours a year, although insurance has risen quite a bit over the past year so now it's a little more expensive than they show. 500 hours a year is a practical minimum if you are looking to pay the loan as well as the direct and indirect operating costs. Less than that and you are not going to cover the cost of money (loan). If Mischa is not flying Ruben's R66 at least 500 hours a year then Ruben is not making money. And the market for R66 hours is low unless it's being used for agricultural work. It's much easier to put an R44 to work. However, if owning a helicopter is your dream and not your business, any hours over and above what you personally put on it can help reduce the cost of flying. I put mine to work on an ad hoc leasing agreement with a local school. No minimum hours in the lease. The downside is sometimes the helicopter is not available when you want it and it will definitely get a lot more scrapes, dents, scratches and dirt, dirt, DIRTY! (Note: a RAMM Aero utility floor is worth the 7lb increase in empty weight!) The upside is, although not truly profitable in terms of paying for the capital expenditure, it might pay for all your flying if someone else is banging out 200 hours a year on it and you are only doing 100 a year yourself. As a private owner (not a school, etc.) buying a helicopter is not a financially sane decision, especially if you cannot find a way to put that helicopter to work for you when you are not flying it.
Where I trained, folks bought gliders for the school to use, then the owners had access to a well-maintained glider ready-to-go whenever they wanted to fly.
As owner of Cessna 185 Amphib floatplane used for my BC coast business transportation for many years, people should hang on this mans words. My aircraft did not directly create revenue, but as a sales tool and transported crew to aviation unrelated work sites. My ability to free clients of transportation concerns was a huge selling tool, scheduling independence relieved stress ! After retirement, it would have been awesome to share the cost of my now “toy” with one or more partners. Insurance company’s had other ideas ! As high time pilot my insurance was within reason. For low time pilots it was major barrier. My cost of ownership went through the roof when considering only recreational use. So logical choice had to be made. Convert Cessna to cash. The boy in me would not have made that decision, but probably denied financial reality until I became divorced and homeless 🤣 ! I achieved helicopter license many years ago, but floatplane suited my far flung missions best. i believe our chosen machines fit experiencing the the same beautiful terrain that is BC close up ! Unlike me, that never gets old ! As always, love the content here !
DONT BUY A HELICOPTER!! Unless you want to waste any money you have. It doesn't make any sense. They are fun to use but you can get your thrills cheaper else where.
We need a few hour chat with this guy, he has so much knowledge to share.
The best lesson from Rubin is he doesn’t like to get into debt this should be taught in school.
Hhr
This is probably my favourite video so far! Coffee with Ruben would be amazing.
FUN. The views. Flying, shimmering, splendour. A whole new world! Heard this song playing in my head, never knew the song, confirms many glorious things about flying. I continue to watch your videos when I have time. Thanks again for so much insight.
You two are a great team and Reuben has so much to offer both in terms of technical "guidance" as well as personal "guidance." Let's see more of him ! To this day I still use his philosophy of "The Power Of Nice." And yes, it works !!
Kiosaki is writing books about it but this interview put it all to practice. Please apply this thinking on all "things" before you buy. Income- Expense and Assets an Liabilities are only part of financial challenge that involves buying things. And please make mistakes like me buying a catamaran once. MY wife was so happy when I finally sold it. But I learned a lot on the way.
Damn was just about to buy a chopper.
Capt Ruben...
The Trip around the world is my Mentoring tool for the youth of today...Thank you for All you have done....Hero to us!!! Shepard Family
Would be great to see more of your buddy on this channel just to give some advice to aspiring pilots and helicopter owners. He explains it as an asset and leasing it to a training school, but how much offset does that bring for example. You two are an awesome and inspiring combination.
Great video- Ruben seems like a smart guy nice to learn about his background. Puts in to perspective about him showing up with a R-66 and flying around the world. Works out great for your business as well. Stay healthy! Checking in from the coast of Maine 👍
Thanks Mischa and Ruben. Great to see you guys on this video again...
You know I totally share your perspective.
Would be great to have a Q&A video with both of you.
Thanks Ruben and Misha for confirming my personal convictions in flying and owning a helicopter. Its all about keeping it simple and lifes journey.
Good video. Thanks. And Ruben’s comments about advice compared to guidance in search of wisdom are spot on.
Dude thanks for continuing to roll out videos and keep us informed and entertained through this covid-19 crisis!
Christian Trapani you bet man
Thanks Mischa, this is a nice surprise and honour to hear our good friend Ruben speak about it.
Ruben is in a good place with his non-debt approach to a purchase. Rich Dad Poor Dad Robert Kiyosaki bought all his property by raising finance and leveraging debt, so horses for courses.
Clearly, for a lease back option, it would make sense to be working with an owner of a flying school such as yourself with a view on what aircraft may be needed and used and work out the LLC depreciation write-off factor versus income levels to pay for operating costs, variable costs and scheduled costs etc.
We all know that a helicopter should be owned by a business entity to fully benefit from tax breaks, depreciation asset, insurance, liability and so forth.
When you think every company corporate in existence today has operating debt of anything between 20-35% of annual revenue, and even tech startups have venture capitalists, bank overdrafts, bank loans etc, all startups have seed funding stages, the asset is never truly owned by the owner, and when it is it EBITDA growth is marginal.
However, I can see the philosophical reasoning behind why you wouldn't want to use debt to leverage a purchase, as it could taint the fun of the passion.
So with all this being said, can you do a video with the spreadsheet to show typical hours used on a lease back and % contributions towards these fixed costs and reduced costs for the owner to fly in a broad sense. So I would like to know if my R44 asset can at least meet costs, and any profit my LLC makes from helicopter lease-back gets zeroed from a good accountant that writes off depreciation down the line.
I'm applying Ruben's closing principle of holding onto the dream, that the dream itself is part of the journey and has value. For me, that dream is to get up there and get into your school. At my age, I don't have any practical application for a helicopter pilot's license, probably will never own one, don't even see myself renting one after getting rated (unless I somehow catch the bug and/or win the lottery), but I can't stop dreaming about learning how to fly one, especially in that terrain. Some day, I'll be living that dream! Great vid as always and great to see Ruben again!
Fantastic discussion, good to see both of you back together again!
Very true in what Reuben’s says about the journey and the dream of owning a helicopter, well said and very interesting comments👍
The best comment: advice vs guidance! Brilliantly wise words.
Outstanding! Thanks to Rubin for his insight and wisdom! Very interesting video!
Great to see Ruben again. Great to see an opportunity that works for both parties. Maybe you could do more of this type of video with some mentoring and advice included. 👌🏻
He is so damn right. I love having a dream and chasing it, I will get more on the path during the journey rather than the endpoint.
What a fantastic chap! Really interesting - I was aware of the financial mechanics but the philosophy/journey stuff was really cool to hear. Would be great to fly with you guys when this “situation” is all over!!
Amazing content. Look forward to more chats with Ruben... Thanks !
Interesting talk! From my experience with friends who've done it, only certain airplanes are suitable for leasebacks, mainly those that will get a lot of use and are bulletproof. For fixed wing, hard to go wrong with a 172, as long as it's at a busy operation. Downside is after the lease is up you get a beaten up 172 returned to you especially if it was at a flying school. Probably an R44 is the sweet spot for helicopter leasebacks, because it's so popular and its numbers are so consistent and predictable, but you still take the risk it won't fly as much as you hope. In fixed wing, friends that got into lease backs had to approach it not as a profit making venture, but as a way to defer some or hopefully most of the capital cost so at the end of the lease you have your airplane back with a big chunk of it paid for and you don't mind the wear and tear put on it in the mean time. I think for someone looking to build time and have fun, a group of partners buying a 300 or G2, say 5 guys/gals each coming up with 100k each, and running it as a little flying club, is a better way to go. I used to be in a syndicate of 15 that formed a numbered company which owned 3 Cessna 180s on floats, with the members as the shareholders, and we rented the a/c off the numbered company. Worked really well.
..I personally have ZERO desire owning a Robinson anything. I HAVE flown the R22..probably 40+ hours in it, and actually the 1st helo I soloed in. I’ve only ridden in a ‘44’. Went on to ‘fully-articulated’ systems…Schweizer 300’s & Hughes 269’s. Semi-rigid rotor systems aren’t for me UNLESS it’s a Huey UH-1 or something of that sort.
@@m118lr I got to fly an R66 once having no helicopter experience, flying it around and hovering it a bit (barely), and what got me was the boosted cyclic had no bungee force trim system with no force or feedback of any kind and it was like holding a stick that if you let go it would just flop over. Made me wonder if you could get mast bumping just from accidentally letting go of it.
Y'all never cease to amaze me 😎!
A lot of wisdom in this 🙏🏾 Thank you guys for this❤
You are both awesome guys, please continue to make us dream!
Bravo! Great vid. Very timely. Thanks.
That's a great video! I went through the adventure of buying a helicopter for business (and they have also always been my passion), and I feel so aligned with what he said about that almost the best part is the dreaming about something and the way of getting there. That's so true! The journey is the best!
Assets or liabilities...very well explained and it not only regards to purchasing a helicopter . it applies to all mayor investments.unfortunately in my case it's all been one liability after another! I'll just keep dreaming!🤙😁
Great knowledge share! Always good to hear from people with experience to get some perspectives before you dive in yourself 👍🏻👍🏻
One of the best vlogs on the channel imo
Glad you think so!
This is a better quality upload than most tv stations are doing at the moment 👍
Thank you! Very useful points to consider
Great info thanks for posting 👍
This was informative. I help aviation businesses with their online presence (websites). This type of content indirectly gives me insights/ideas into how I can serve my clients better.
Ruben makes very good statements, you need to off set the costs involved in helicopter ownership, thats just the entrepreneurial spirit, doesnt matter how much money you have, its the way we think!! My set up was different to Ruben-Mischa agreement, I hired my R44 back to my own company on an hourly rate which I could justify to the accountant we needed this machine in our business.
Awesome video, always impressed by Ruben
Pilot Yellow
Thank you so very much for your videos.
You don’t know how much am learning from the videos , thank you!
Lots of great advice and wisdom on this video. Loved it!
Completely true, the « journey » is the best ! Still good afterwards, though 😄👍
Really nice info to ponder!!
Great advice, Ruben: thanks. Do you have a channel of your own?
Mischa these were great questions but what I'm taking out of this also is the super advice from "Ruben" about buying the adult toy of your dreams for your "golden years"
Great video.
wow !! thank you very much for the great guidance 😉
Does your guest have a cost of ownership spreadsheet or something that he uses when doing his due diligence?
The only way a helo..or ANY aircraft ‘works’ really in a sensible, practical way is to KEEP it busy. Renting/leasing it out or back to a Flight School, etc, or certainly a businss venture. The VERY few who can just run out and buy one for kicks are few and far between. It needs to be a business expense..or a write-off. That’s all IF you’re speaking from a strictly ownership side of things..
One thing that is not mentioned here is "maintenance".
It's one thing to "buy n sell" n flip or rent or lease, etc. But what about us guys who are looking to "build" their own, like a Rotor X, RotorWay, or Safari Copter. We like the challenge as well as enjoying flying the machine. If YOU, yourself, do as much of the maintenance yourself, (I have built n blueprinted engines, know welding n machine shop operations). What I am saying here, is that if you're are capable you can save 50% or more on maintenance costs if you do it yourself. Or how bout buying a "roll over" or a damaged one that you can restore yourself! You can probably pick one up under $50K or less. Roll up your sleeves and get to work. It gets waay expensive if you are outsourcing maintenance, plus, no one is going to care more about your bird than you.
Excellent. No debts ever. If you can afford it, buy. If you have to get into debt, do not. Ever. Definitely not for a disposable pleasure. Unless you are into heli business, but this is private ownership.
No debt ever, has a whole new meaning today since buyers will now have to factor in a virus destroying the economy for perhaps 1.5 years! Those who were prepared for anything, are now discovering they weren't.
@@222INFINITY you're right. it might just be that we have to postpone our dreams. but then we should factor in that postponing will inevitably slow the economy even more. then we would have to admit that our economies only function if the consumptions keep increasing...but this is not the place to discuss the economic model of capitalism. Mind you i type from the principality of monaco so i kinda have a good observation point.
just pay attention to your personal experience, since the lockdown, we have only spent money of what we needed, not what we wanted...and we survived
I don't think that is what he is saying. There is a difference between debt and a liability. IE, buying a rental house, you go into debt, but it can be an asset. You actually make more money that way and spread your risk to the bank for a measly 4% interest. That's a win-win debt into an asset.
Terrific advise
Great Video -im considering buying a helicopter also-i live on an island and its a 5 hour drive to a mall-but only 45 minutes in a helicopter, and what a view....
Another Great Video! Thanks
I think every pilot would like to own his or her own aircraft, I was partners in a 172 and I had the freedom to fly whenever i wanted, but it got so expensive with all the extra expenses, hanger fees, Insurance, fuel, maintenance, that I couldn't afford to fly so Renting is a lot more attractive, but would still like to have my own.
Wise words, Ruben!
Yes brother do more videos of this type, it's really help a lot I personally watching from Nagaland ( India)👍
The right kind of helicopter for me must be a Mosquito. It is affordable but getting a PPL-H is expensive. But super informative video - i hope you two do more videos and adventures again. Saw all videos of the trip around the world - as it happened and i studied several locations on google maps where you. The most scariest parts of your flying in my opinion was south america and Russia. The longhaul over open waters - not so scary.
See there's a backdrop for leasing or renting a thing. If you exactly believe a guy or a customer then that's okay. But see all customers aren't dependable. A person can use your helicopter (taking as eg.) in anyway. I mean he can use it, beat upon it. Land it harshly, can damage non-visible parts. I'm saying it because I too have experienced it..
quite interesting.. thanks
Perhaps I should have talked to Ruben before I bought a Cabri G2, but I’m living the dream 😊
How do you like it so far??
Great information, my dream always was to become a helicopter pilot since a was a kid so I went into inventing a new product that came real close of being a success unfortunately it never seen the day of light because I trused in those in which I should not have so I just keep on dreaming. It really was not a fun journey.
Is it true r44/66 is not safe?
Tg u for the advice.👍
Fantastic what a clever interesting guy
Which is the best helicopter to buy? The very best your money can afford you. If you are a couple no kids no space needs and no money issues then get whatever you like. You might want a 135/145 or a 500.
The best, is the best you can afford.
IMHO
When is your book coming out?
Yyc Dispatcher we are working towards the end of the summer.
Hughes 500D, but if just for a 'run about' a Cessna 185!
Does your friend know the doctors who work in Liloet BC? Because they are friends of mine and from South Africa...
Excelente análise, Ruben !
I always think I'd shy away from anything favored by the US Government. For them, TCO (Total Cost of Ownership) usually just means All The Money.
Hi Mischa and Ruben, nice video. Since you guys mentioned Ruben is in tech investment, how can I reach out to him if I’d like to talk to him? Thanks.
yann vernier toy can visit his website fasttrack.vc to get in touch with him.
Pilot Yellow thank you very much 👍
Hey Ruben! Long time no see.👍 By the way, great advice. Hey Mischa, you should have Ruben on more often. Also, any plans to create a round the world film?
Hey buddy, no probably not.
Good and informative video but a word on training and getting a license should be part of the decision
I've been flying drones for many years now, and I think I'm ready to make the big jump into purchasing my first helicopter, I dont have a pilot's license so I'll need something easy to fly, preferably with auto pilot. I am leaning towards the aw139, I'm a big guy, and all my friends are 300 plus, so I need a hefty chopper. What's your opinion on the aw139? Good first chopper?
Sure if you have all the money in the world it's a wonderful helicopter. I'm not sure you need something that substantial. How about an H125/H130/H135. Those are all much cheaper options.
@@PilotYellow I need tax write offs, and I want something I don't have to do maintenance on for atleast 10 years.
I'm also a larger man and I have always dreamed of having an aw139. Maybe we could go into a co-ownership?
impossible to listen because of the echo....
His motivation was to lease it out to you
Wow!!!
I'm currently in Southern Africa and there are a few opportunities for investment with Helicopters so not only as a life long dream of having my own fleet, I'm still working around which helicopters would work best for the opportunities available in order for me to not only enjoy flying but generate possible profit through it. Thinking around an H125 as well as an H130 so if you have additional information i could get, could you please share. It would really be helpful. Once again thank you🙏🏾
Spend a lot and make and make a little!
Brilliant
He looks like an older version of you
too much echo...need to keep quiet when ruben talking, your uhuhs and yeses blocked some of his words. great comments on need v want. great lessons.
People with money makes money. If you own a G5 you dont want it to be a hanger queen so you lease it out to someone that can use it and make money unitil you need it, same with helicopters Billionaires and Millionaires make money period
I would really like to know his views on debt. Maybe uploaded on another channel as it doesn’t necessarily fit with the rest of the content on this channel but so many people in this world are pro debt it would be nice to here from someone who isn’t so inclined to putting themselves in debt.
We are actually in the process of starting a new channel just about that. I'll let you guys know when it's live. Should be next week.
I feel like helicopter ownership is for those with a large amount of steady income, or for those using it for making money on a regular basis.
Nah, helicopter ownership is for those that want to have fun :)
Please transcribe. I can’t understand a lot of what’s echoing around. 😝
As an R44 owner, I hope there will be another video that really drills down into the dollars and cents of ownership. It's not rocket science, much less proprietary information. The operating cost information on the Robinson web site doesn't lie if you can fly that helicopter 500 hours a year, although insurance has risen quite a bit over the past year so now it's a little more expensive than they show. 500 hours a year is a practical minimum if you are looking to pay the loan as well as the direct and indirect operating costs. Less than that and you are not going to cover the cost of money (loan). If Mischa is not flying Ruben's R66 at least 500 hours a year then Ruben is not making money. And the market for R66 hours is low unless it's being used for agricultural work. It's much easier to put an R44 to work. However, if owning a helicopter is your dream and not your business, any hours over and above what you personally put on it can help reduce the cost of flying. I put mine to work on an ad hoc leasing agreement with a local school. No minimum hours in the lease. The downside is sometimes the helicopter is not available when you want it and it will definitely get a lot more scrapes, dents, scratches and dirt, dirt, DIRTY! (Note: a RAMM Aero utility floor is worth the 7lb increase in empty weight!) The upside is, although not truly profitable in terms of paying for the capital expenditure, it might pay for all your flying if someone else is banging out 200 hours a year on it and you are only doing 100 a year yourself. As a private owner (not a school, etc.) buying a helicopter is not a financially sane decision, especially if you cannot find a way to put that helicopter to work for you when you are not flying it.
Unfortunately the environment that Reuben chose had too many reflective surfaces which made this hard to listen to.... 8-(
Meanwhile 17 yr old me dreaming about getting an h160 as my first helicopter 😂🤣
The echo from his AirPods makes it hard to listen to
It's the room. Most people don't have a sound studio.
Where I trained, folks bought gliders for the school to use, then the owners had access to a well-maintained glider ready-to-go whenever they wanted to fly.
👍🏾
I am currently selling many different models of bell helicopters. Wanting to find who is interested or have any interest!
As owner of Cessna 185 Amphib floatplane used for my BC coast business transportation for many years, people should hang on this mans words. My aircraft did not directly create revenue, but as a sales tool and transported crew to aviation unrelated work sites. My ability to free clients of transportation concerns was a huge selling tool, scheduling independence relieved stress ! After retirement, it would have been awesome to share the cost of my now “toy” with one or more partners. Insurance company’s had other ideas ! As high time pilot my insurance was within reason. For low time pilots it was major barrier. My cost of ownership went through the roof when considering only recreational use. So logical choice had to be made. Convert Cessna to cash. The boy in me would not have made that decision, but probably denied financial reality until I became divorced and homeless 🤣 !
I achieved helicopter license many years ago, but floatplane suited my far flung missions best. i believe our chosen machines fit experiencing the the same beautiful terrain that is BC close up ! Unlike me, that never gets old ! As always, love the content here !
Awesome... AWESOME...!!
My '2 Cents'...
ACH130....!!
But Only 5 x Seats for Space & Comfort...
Luv ya Vlogs...!!
Have a 'GODSPEED' Day...!††!
Buying a helo during a global pandemic just might be the smartest thing to do right?
Terrible audio so hard to hear the other guy
Wish you'd drop the clickbait titles though.
DONT BUY A HELICOPTER!! Unless you want to waste any money you have. It doesn't make any sense. They are fun to use but you can get your thrills cheaper else where.