I've got a 77 150M I bought 3 years ago and have not been so lucky.
Being un-educated in the purchase of aircraft at the time, I purchased it following the lead of a family member that I trusted (he's been a pilot for 25 years). In hind sight, I ended up paying more for the plane than it was worth. Then I put about 4 grand into it for maintainence and upgrades for a total investment of about 28K..
It's been on the sale block for about 1 year now and I've dumped the price all the way down to 22K and it still sitting in the hanger needing a good home.
The engine has about 250 hours left before TBO, and I have to assume thats what has hurt the sale, even though it has good paint and interior.
Do your home work.
