Yep! Nice looking plane, but a $15,000 initial investment, plus $35,000 (minimum) for the 150hp conversion, and you're looking at a $50,000 investment. Even if there's nothing needing repair on the plane (rare), the avionics are minimalist, at best. The Loran is still useable, but the database is probably very old and likely not updateable. It's worth $50 on eBay!
It's best to buy a plane with the avionics and engine you want to end up with. Let the current owner absorb the cost of deprectiation on the upgrades.
150/150's routinely go for much less than $50K (some of our members have even "stolen" them for WAY less than that).
