Speaker 1: 0:00

planes. Not a lot of people have real world experience with them on a regular basis. On their second one, they do yeah, their first one.

Speaker 2: 0:07

You go into it all glazed eyed like, wow, look at the material, look at this pillow, the tvs come up. And the second one they're like, all right, tell me about this valve on a hydraulic thing, because it'll be stranded us for three days in Des Moines, iowa, in February.

Speaker 1: 0:30

Hello and welcome. My name is Tom Lelio. You're at the Jet Life podcast. I'm your ultimate jet guy. Today we're pulling back the curtain on aviation with Jimmy from Jimmy's World. Jimmy, thanks so much for being here. Man, thanks so much for inviting me over. I'm excited. So I've seen your channel and you're not the typical jet buyer that I'm working with, but we're here today in this beautiful jet that you're looking at. Maybe we could do something here, and so, before we talk about this specific jet, I'd love to just hear more about your story, how you got started, and we'll talk a little about some of the buys that you've made over the few years and what we can learn from them as aspiring jet brokers or jet buyers ourselves.

Speaker 2: 1:09

Well, thank you for that and again, the opportunity to come check this thing out is fantastic. It is amazing. So my story I was not into aviation until about four years ago probably too okay, yeah, so I got into aviation because I had to travel from tampa to jacksonville once a month and that drive is terrible.

Speaker 1: 1:32

yes, this might be going from sarasota orlando today. Yeah, it's terrible.

Speaker 2: 1:36

Yes, and a buddy of mine. He just said well, instead of driving the four hours through all the speed traps right there, why don't you just get a little airplane and fly? It's only an hour flight in a little GA airplane. I'm like, well, that's a lot better. So that's what I did. I bought an airplane before I'd ever even been in a small GA airplane and then got all my flying lessons, my license and stuff like that in five months back in 2020, when the whole world was down, gas was cheap and the sky was mine, and really, I guess the only way you could travel would be on something like this at that time, because all the airlines were shut.

Speaker 1: 2:13

Yeah. So what was that like for you as a first-time buyer, not having anything? Did you use a broker or just learn on your own?

Speaker 2: 2:19

No, a buddy of mine gave me just basically a cheat sheet. He said you want to find an airplane with no damage history, all the log books, from new, and it needed to have less than mid-time hours on the engine, the propeller and the critical components and it needed to be current flying and for me, my training needs, it needed to be this one of these three make and models and have at least this level of avionics in it.

Speaker 1: 2:50

So, even though you weren't using a broker, you still had a guide to work through that. Oh Lord, yeah.

Speaker 2: 2:56

I would have no idea what. Yeah, because the risk of buying the wrong one is a catastrophic financial decision. So the old saying is you buy an engine, you get an airplane for free. Yeah, I like that In an airplane world, the most expensive part. I guess even on jets like this, the engine is far and away the most expensive part. So buying a good engine and then figuring out what airplane will go behind that engine is really for me what I look for. And when I go to look at all my airplanes, whichever ones I'm considering buying, the first thing I look at is corrosion. I mean, well, it has to pass the first test filter of okay, what's the logbook history, what's damage history, what's the price point, the general conditions from pictures and stuff like that. You can filter out 70% of them through that first filter and never leave the computer. So then when I get there physically, what I'm looking for is corrosion is number one you can't fix a lot of that stuff.

Speaker 2: 3:59

Or if you do fix it, it is massively time consuming because an engine is just expensive but you can pull it off, put another one on, you get corrosion issues. That's a whole different deal. I mean, you're talking major intrusive surgery and all kinds of stuff. So the first thing I look at is corrosion and rust, that kind of thing. And then the next thing is the engine. So I go with the criticalness. So corrosion, you can't fix that a lot of thing. And then the next thing is the engine. So I go with the criticalness. So corrosion, you can't fix that a lot of times. So you just want to figure, find it what it is, and then go to the engine, cause that's really what you're buying, and then from there then go to the goodies, the interior, the avionics, some of that stuff, cause a lot of that you can upgrade and personalize and things like that. It's expensive, but it's it's.

Speaker 1: 4:46

You can control the budget on that how many planes do you think you've looked at over the past three, four years? Looked at like thousands.

Speaker 2: 4:53

Okay, I have bought and I've had in my possession 14 airplanes in four years. Okay, that's a lot yeah.

Speaker 1: 5:01

So I guess kind of what I'm getting at is for a buyer, that's a lot of time spent. Not everybody has the time, energy or expertise. You obviously had to learn the expertise, but how much time, like, just to get to the first test. I mean you're spending a lot of time looking into when you have a project, when you're like, okay, it's time for our next project. That's a lot of hours that you're putting into it yeah, yeah, for yeah.

Speaker 2: 5:24

For me, I have the luxury. This is all I do.

Speaker 2: 5:26

Right, well, that's just it, and that's why brokers and or someone in a position that this is all they do, now what I will say is I've sold a couple of airplanes and I've found more value in a broker selling the airplane because of all the tire kickers, all the thousands of emails and questions and phone calls and you're only going to close one person, but you have to be on the other side of all that research to get to that one person that's actually going to close and for me to pay the broker fee six, eight, four, whatever the changes based on their price level and stuff like that. So, whatever that fee is, it's worth its weight in gold. Yeah, just so I don't have to deal with all of the stuff. Yeah, of all the emails, all the phone. Then they want to come out and inspect it, oh, and then they're just going to. Oh well, I got to go talk to my wife and I got to oh, my gosh, are you going to buy it or not?

Speaker 2: 6:20

Yes, for yes for me, and I'm moving on to my next acquisition. So for the selling part, I actually use brokers and people to sell it on those few that I actually sell it right, um, and then that their weight is worth their weight in gold, just so I don't have to deal with all the the running around, have any crazy buyer stories where you're just like oh my gosh, this fire is bananas.

Speaker 2: 6:42

Oh, well, one, and that's. It was immediately after that when I decided to start using a broker. The guy almost killed himself and his son twice in the same day test flight. Yeah well, they already paid for the airplane. Oh, and it was trying to. How can I share the story without giving away too much? I mean the lawsuit still no, no, no, there's never there's never any lawsuit or anything.

Speaker 2: 7:07

But it was a big airplane pilot, 20 000 hour pilot that hasn't been in this one, buying a very low power general aviation airplane, the airport it was on. I made a video about it and I'm so glad that it kept as a video and everything turned out okay. So, spoiler alert, nobody got seriously injured or died or anything. But it was a very soft field, short, underpowered airplane on a very hot day with this guy that said he knew all this stuff, he had the, you know the. I've got 20,000 hours. That's a puny little airplane. This is no problem. And I'm like you have no idea what you're doing, you're going to kill yourself. And I told him very specifically when you get out here, you have to go touch the bushes on this side, put one notch of flaps in. You got to put your feet on the brakes, run that thing up, count to 10 to let all the powers and everything build up, and then you let go of the brakes, have full power and you're full aft on the yoke to get it in ground effect as soon as you can, because it's real soft, sandy grass where it was. So it was real soft and it was only like 2,000-foot runway and there was trees at the other end, right, yeah. And so, and because I've landed in there a bunch of times in this airplane, so I knew the technique of how to do it and I knew the airplane Well, he didn't. And they taxi out and it's him and his son and they're a little heavier people. So, again, it's an anemic airplane to begin with. So we already know performance is lacking. So they get out there, they didn't even go to the end of the runway and they just turn and warm power up and I'm like, and I'm, and I can't do anything but watch, and I'm just going in my head. I'm like, oh, my goodness, this is going to be on a different youtube channel. Yeah, like, oh my gosh. And thankfully, thankfully, they got midway down the runway and I heard the power stop and I'm like, oh, thank you Jesus, oh my gosh.

Speaker 2: 9:13

And then he comes back in and he's like this airplane is defective and this and that. And I'm like, no, you didn't fly it at all. Like I told you how to fly the thing, and so he was like I'm not. I'm like fine, yeah, I'll meet you at a 4,000 foot paved runway and it's right over there. Take my car, you don't fly this out of here. I was like, hop out. And I hopped in it, with him watching and I think his son was with me. Whoa, did it? Power up? Yep, okay, pull back. Whoa, whoa, whoa, and up and off, off. We went Full lap in the pattern. Everything was working fine, come back. And I landed and I'm like nothing's wrong with this airplane. And he's like, wow, so we didn't. So I'm like, okay, well, I'll fly it over to this bigger airport so that you have a lot more, uh, air room, so that you can be all cocky and not be as chilled.

Speaker 2: 10:10

Well, he did the same thing at the other airport. He got up and I'm like you have to hold it and wait because it's it's an anemic airplane. It takes a while for the power to build on this thing. It's not a high power airplane. And he gets there warm and again it's like 94 degrees, right, so it's really hot. And he's pitching up and I'm like, oh my gosh, he's way too slow. I was waiting. Then he got up and barely cleared the trees and I'm just like I'm waiting for the wing to drop and it to stall spin. And then I'm like, oh my gosh. And he turned North and got out of the area and I thought it was over at that point.

Speaker 2: 10:45

He came back and landed and he's like, yeah, there's something is broken on this airplane and I'm like I'm gonna wire your money back. Yeah, we're done, we're done. I was like I don't want to read about you in the news in a week, yeah, when you kill yourself and your son. Yeah, because clearly you're not taking any information that people are trying to give you. You're not the right person for this airplane. Yeah, this is not the right airplane for you. That's a great point. So I'm like here's your money back, go buy, right.

Speaker 2: 11:17

So I mean, that was the scariest time that I've ever had and what I realized after that was to vet and filter the buyer, mostly because of my liability on it on the other end as a general aviation. So I had an opportunity to buy a really fantastic Lancer. It's a fast two-seater airplane, really sporty airplane and it was donated to a museum and just a beautiful airplane, and I went there with the intention of buying it. I paid for it, all that and then I found the log books and inside the the folder was a statement that said never to fly or to sell. So the museum, after we found the paperwork, they weren't actually allowed to sell it. Oh wow.

Speaker 2: 12:02

But I didn't discover that until the video had already posted and the son of the, the person who donated it, got a hold of me, oh, and he said that's my fantastic airplane. I'd love to see it in the air again. But I'm curious how you were able to get it to fly and I'm like you just kind of fly it. You know you're registering. He's like no, we specifically told the museum they were not allowed to do that because we were afraid of liability down the road, because if somebody crashes that airplane, lawyers are lawyers they're going to find whoever is the richest person in line that they can get some money out of.

Speaker 2: 12:36

And for me that becomes because it's Jimmy's world and because of that I now and that was the reason I decided not to sell my silver bullet, the three 10, that polished 310. It's a fantastic airplane but I had to have a layer of protection. So I took it to the number one twin Cessna shop in the world and unfortunately they did find quite a few things, but not any major somebody who's going to die kind of thing, but it was enough to where I was not comfortable selling it. So I'm like you know what? I'm not selling it because I don't want to. Even 10 years, three owners from now, if that plane crashes and kills somebody. That was a Jimmy's World airplane.

Speaker 1: 13:18

Yeah, no, that makes a lot of sense. And you know, since I deal with a lot of older aircraft from the 70s, 80s and 90s, I mean I sold planes that have belonged to astronauts, celebrities and that sort of a thing, and you know it's important to realize what you know. That line, you know we, we as brokers, try to put as much paperwork in front of owners to kind of sever that. But, like you said, it's a litigious society. But at least, working with a professional, you're aware of those landmines and how you want to navigate them. Yep, so you're looking to buy stuff what's, what's something that you mentioned Like these are. These are kind of the main filters that you go through. What's kind of like, what are you looking for? Are you looking for stuff that's fixable? Are you looking for stuff that just has an interesting story? Are you looking like what's kind of going through your mind when you're thinking about your next project? What's kind of?

Speaker 2: 14:10

going through your mind when you're thinking about your next project. Each mission is different. When I bought the 421, the mission for that so it's twin-sesson pressurized cabin class yeah, I mean the best of the best type of piston twin airplane, golden Eagle, the Golden Eagle. And it takes a gold, pile of gold to keep them flying Because you get into all the systems and things like that. It gets expensive With that airplane.

Speaker 2: 14:35

The mission for that airplane is to fly myself, my crew and my family around to Atlanta or wherever we got to go to film the other videos. Thankfully this one was right here in my backyard so I just drove here this morning. But that airplane, the mission for that one, is to fly much further, possibly going over some large bodies of water. I knew I was not going to find an airplane I had to fix up. So that was an airplane I wanted to make darn sure had good records.

Speaker 2: 15:09

I wanted to make darn sure that all of the engines because you buy engine you get airplane for free, and now we've got two very expensive engines on it those were in tip top condition, the avionics. You know that basically that airplane needs to be 100% dialed and have a really good pedigree and background, or else I'm not taking the risk of putting my family in, putting myself traveling long distances and stuff like that, because I'm not buying that airplane to create content. I'm buying that airplane, yes, we create a little bit of content with it, but it's really it's to be used for another mission. So the requirements for that airplane were much different than, say, trading two broken Porsches for a kid's box on the in the back corner of a hangar Right.

Speaker 1: 15:55

Very different missions, um the um, have you developed any like tricks or tools, or like a sixth sense, or like rules of thumb that you know over the years like to find oh?

Speaker 2: 16:07

yeah, yeah, man. So one is did it have a lot of owners? Okay, what does?

Speaker 2: 16:13

that tell you that tells you there's don't touch that airplane. Okay, a lot of owners means a lot of different people have worked on it. Yeah, they've had different expectations for it. Why were there so many owners? That's the biggest one, like, what's wrong with this airplane? That's? How many people are going to own this thing? Yeah, yeah, and so it's a story. It tells me everything I need to know about it. If you know the past, you'll have a good idea of the future. Okay, so if I've had, if there's an airplane that I mean really it's a story. That's, yeah, I smell the story and you get a good sense of who the owners were and how that airplane was cared for in during its life.

Speaker 2: 16:52

So if you get a super cheap old guy, don't touch that airplane because he would have deferred maintenance, deferred maintenance, deferred maintenance. If you get a mechanic, don't touch that airplane. As a mechanic, I can tell you, never buy a mechanic's car. It's the worst car in the parking lot it is. It's full of duct tape. If they say A&P, ia owned next airplane, just move on to the next airplane, because it's either a fix and flip, where they bought it wrecked and they fixed it up because they have the skills and knowledge to do that, or it was so bad that they couldn't get the money out of it to sell it to somebody that would use it for what is you? So find the very best airplane and spend up.

Speaker 2: 17:38

Spend out, spend up yeah, I once cried, once kind of a thing oh my gosh, yeah so spend up now or else you're gonna forever be spending up and for the mission, like the21,. I spent up and it's at TA, the number you know, the best twin shop in the world and I said they still have it. And I said I want you to put at least 10 hours on that airplane to find all of the little stuff for stuff, just to look for stuff, because when I get it I don't want the downtime. Yeah, yeah, no, yeah, exactly, I want this to be the ready to go on. This airplane needs to be there, so I'll deal with flying commercial. I wish I could find something like this, but I'll deal with flying commercial and that stuff, just so that I don't have to worry about the downtime and getting there doing a pre flight and being like, oh, this thing is not there, so now I have to scramble for my plane, my plans to be changed on how to get there.

Speaker 1: 18:34

Yeah, um does low air, are you? Do you like low airframe time compared to the rest of the fleet? I don't, okay, Cause some people are like, oh my, my plane's only got, you know, 3000 hours. Everybody else is used.

Speaker 2: 18:46

You've got to have it be used now. So there's a sweet spot, right. So for me and I go back to the 421, cause I think that's probably going to be more similar to your clientele of what they're looking for I don't want a high time and I sure as heck don't want the one that was used for training, okay. So definitely not any of that. I want one that had an owner, that had an open checkbook. They knew it's expensive. They spend money when they had to spend money and they didn't cry about it. So, doctors, attorneys, you know better to do.

Speaker 2: 19:20

Business owners and business owners, yeah, you know they're probably going to be piloting it themselves, but are they an experienced pilot? Was this their first twin engine airplane? I don't. If I want to find out about the pilots who flew the airplane was were they a pilot for hire? Cause, ironically, I learned that the pilots for hire, they treat it like a rental, so they're running the engines a little bit harder than what probably an owner would run them at. Yeah, so for you know that airplane, they're probably running them at 75% power because the owner wants to get there and the pilot doesn't care. It's not his bill that he has to pay and owner's probably running in at 55% power, taking it easy, not putting a significant amount of stress on anything because they got to pay the money to fix it. So it's the story.

Speaker 2: 20:07

I try to learn as much about the airplane, the history of the pilots, the owners. Where was it? Was it someplace in the Bahamas? A lot that's to look for stuff. Was it, um, in the Northeast or something like that? You're just looking for these places where moisture, humidity, uh, salt, you know that kind of stuff, um, is it parked inside outside?

Speaker 1: 20:34

Oh, but I love what you're bringing to the conversation. I appreciate your time. Thank you, so much Is that you're? You're bringing an eye of critical thinking to the transaction. You know a lot of people just kind of see it as going like car shopping, like autotradercom or house shopping, like it's just like one thing, kind of wrap your head around it, but planes not. A lot of people have real world experience with them on a regular basis.

Speaker 2: 20:51

On their second one they do yeah, their first one you go into it all glazed, like, wow, look at the material, look at this pillow, the tvs come up. And the second one they're like all right, tell me about this valve on a hydraulic thing, because it stranded us for three days in des moines, iowa, in february. You know a hundred dollars and we've been spending, yeah, but then you know, for the company and everything, it was just a huge debacle. So, yeah, their second airplane. They know what to ask for. Yeah, and you know I've had 14. And you know now, granted, yes, my channel, you know my. I get a lot of them because they're so terrible. Yeah, then they make really good content, yeah, which is why I call it here.

Speaker 1: 21:34

I mean, this is why you're here today.

Speaker 2: 21:36

The first airplane I did was weeds. I mean six, six foot tall weeds and it was a bonanza that had been sitting there for at least 20 years in the bushes, that of this airport that had moved, and chances of disaster I didn't. You could take your hand and put through the wing. That's how corroded all the control you're doing that. We were just trying to get it started. I put fuel in it and it's poured out all over the ground because it just went right through. The bladders were toast. I ended up taking a fuel jug, strapping it to the wing with a fuel line that went directly to the engine and a battery that I connected and had to sit the battery in the cockpit with me with a set of jumper cables to get this thing started. But it eventually started up.

Speaker 2: 22:23

I was shocked, but you know that one we knew was never going to fly right, and then all the way to the other end of the spectrum with the 421. So that's my channel. So each airplane is very unique, but for me it truly is about the story, the Elvis jet. I mean I bought Elvis Presley's private jet, the kind of redheaded stepchild of the Elvis suite, right, yeah, and. But it was all about the story and it was about the ownership history and I knew what we were going to do with it before I ever bought it, so I had a plan for the whole time there and it's turned out fantastic. Yeah, we're actually taking it to the concourse de elegance in hilton head, south carolina, in november. We've been invited to the concourse d'Elegance like the most pinnacle, uppity, pinky up. People Like we're talking Ferrari GTO, multi-million dollar Ferrari GTOs, and they're like we love the Elvis jet, can you bring it? And I'm all right. So I'm the comic relief of the party. I get it. That's fine, it's a lot of fun, that's cool.

Speaker 1: 23:28

But yeah, I'm excited to have you here on this one. I mean, this is, you know, an interesting story. I mean so I started talking with the owners about a year ago and they were looking at a, a midsize jet. They had a mission. It was a church. They wanted to fly a chunk of their people, uh, to Nicaragua or just all over for mission work. I'm like, okay, great, let's talk. Here's my book. I wrote a book about it and we were going to work together. You know, I was going to be the acquisition broker and then about three months later I got a call from them. They're like guess what, what? We bought a 737 and I was like what jumped in on the d? Yeah, I was like, dude, what are you doing? Like I didn't know this on your radar. What did you? Oh, we got it at auction. It's great. We got a deal of a lifetime, yeah we only paid 50 grand for this thing.

Speaker 1: 24:13

It's right, exactly what, and and so, and. Then it got to the point where like but when we, when we bought and brought it back, we tried to run it up, we figured this is going to cost way too much for us to operate. Yeah, operate. The cheapest part is the buying part. Now and now they just so. So we had it out there and what we found out was again not being a part of the acquisition. Now we're stuck with, like, what do we do with this thing? Come to find out. Well, the parts are not in, in, in strong demand from parts companies who can't part it out. Anybody else who has a $2 million budget. This is going to require work to get done, because when they bought it it was distressed. They're not buying this one. So here we are, like, who do we call? I called a bunch of other YouTubers and say give Jimmy a call.

Speaker 2: 24:56

And here we are. Here we are the nicest abandoned airplane video I've ever made, by far, by far. Nicest abandoned airplane video I've ever made, by far, by far. Yeah, yeah, no, this the tvs come up out of the credenzas like what is that? This is good and it worked. And he already had fired up the apu in the back and everything I was like, and it didn't catch on fire. Nothing like a boring video. If I'm honest with you, well, this is not the typical Jimmy's World video where we have to have the fire truck on standby. I wish that was a joke, but it's not. Oh man, no, yeah. So this one, you know, it just came to me as you were talking about broker and what they did and they realized, I think, as a broker in an airplane, it's really more about education, yes, and then it's about okay, well, it's one thing to buy it, but then where do you park it? That's a whole thing to itself.

Speaker 1: 25:52

We thought about doing that for you. We have nowhere for you to take it.

Speaker 2: 25:55

Right. So then where do you park it? And then maintenance do we have the right people that know these airplanes? That's a whole different thing. So you know, whatever, each airplane is kind of its own unique thing, right, it's got its own special quirks and a feature. You know it works differently than every other airplane. So, like for this one, a Boeing 737, do you have Boeing 737 on the field where it's parked at, because things break? That's just part of welcome to owning something complicated. Stuff is going to break, so who do you have that's going to fix it? So having the maintenance part of it there, and then they probably looked at insurance, and now with a class of airplane like this, you're way different than a part 91 type of thing. So you get into a completely yeah, a whole different level of stuff.

Speaker 2: 26:45

So I think really it's just about education and what for me and I spent the better part of a year and a half just trying to find the 421. And and I learned now this is only because of my background and I've made a lot of mistakes, so a lot of this is expensive education, just wait until and I, so I actually I do all my research for what I need to do, what I need to find, and then I put my number to it, I look at the market and figure out where my number's at and then I go searching and I have a saying that says if it's not a heck, yes, it's a no and for me, yeah. So I'm like it needs to meet all these plus. So these are my basics and I re I do not negotiate on those things that it needs to meet and that's just part of it. Sometimes I mean that first airplane, and that was when the market was really soft, right when COVID hit and everything shut down and people were just dumping stuff.

Speaker 2: 27:49

I mean, I still spent probably three months looking for that airplane. But when I found it I'm like yep, yep, yep, yep, yep, yep, yep, yep. And I gave him the money before I ever saw the airplane, because it's a heck. Yes, you know it, you get all the warm fuzzies. You're not getting some dude with gold chains and a spray on tan and like with that New York accent. You know the fast, slick dealer guy, right? Nope, it was a regular guy. I knew the history on it and had the story lined up, perfect. I said here's the money, yeah, and then I bought the airplane before I ever even seen it. And those are the best deals when it's a heck, yes.

Speaker 1: 28:29

I think that's an interesting note from you as a buyer's perspective and I think it's educative to both brokers and buyers. And what I mean by that is for us as brokers. Sometimes we want to work with someone like yourself, but if it's not a heck yes, right now, like we're trying to, always trying to find another deal. So I think it's good for brokers to stay in touch with buyers like you, because I will always sit on my brokers. If someone calls you and they says they're going to buy a plane, they will buy a plane at some point. But you have to build that trust and build that relationship so that when they're ready and it is a heck, yes, they call you and not somebody else or do it on their own potentially find themselves in, in, in, in hot and hot water. And so I think that's very educational for brokers and for buyers too.

Speaker 1: 29:10

I would say, like, listen if it's, if you want help with that, like brokers will help you. Just set the expectation. Hey, listen, like I want to buy, I want to work with someone because I want someone else looking out for me. I'm not going to do it on my own. Let's establish this relationship with that understanding. And some guys want to go do it on your own, and I get that. That's totally fine, but it could be mutually beneficial as long as there's communication.

Speaker 2: 29:31

Sure, and as a buyer, sometimes I don't even know what I want. Yeah, I just know that I want an airplane, yeah, but I don't know anything past that. I know that I want to get from here to there in as short amount of time as possible, and that's really the only reason you buy an airplane and you can say to your friends I've got a private jet, right, that's really what it is, and but beyond that, the rest of it is fuzzy.

Speaker 2: 29:55

I don't really know, I'll know when I know it's kind of what it is, and it doesn't turn into that discipline until you've done it more than a few times and then, after your first couple of whatever it is whether it's an airplane or motorhome or exotic car or something like that right, because these all fit into that same category, these are luxuries, they're not necessities and so buy it emotionally and then you justify it with your brain yeah, uh, and. But you know, for me, I know that going into because I've done it so often and uh, but I know that when I was first, even still now, sometimes I don't know what I don't know and I don't even know what to ask. Yeah, no, the expectation on me as the ignorant buyer might be unrealistic. So you want to buy private, yet awesome, why, yeah, oh, no, because, uh, I want to go to aspen in december or whatever. We go skiing, we love skiing, but we moved to kansas. Yeah, okay, that's cool.

Speaker 2: 31:02

uh, tell me more, right yeah, it's a conversation yeah for me, if I, if I was on that end having a broker, they would probably need to be really good listeners, yeah, and not trying to just close a deal. I don't want any transaction and also this could be one of the more expensive things, so it may take me a while. That's great. You're looking at several million dollars typically and by this time, if you're getting D-Care, you've probably flown first class. You've got other people around you that have jets, so you've flown on their thing and you like the experience and stuff like that, their thing and you like the experience and stuff like that. And uh, yeah, I would.

Speaker 1: 31:48

You know what you want but you don't really know what it. Yeah, it is, but I think that speaks to what I would encourage brokers to do is have a heart of a teacher. We're not a salesman, we're not a car guy. You're an educator. You draw stuff out of individuals, you build relationships with them, and it also, I think, takes the pressure off of brokers when they think like them. And it also, I think, takes the pressure off of brokers when they think like well, I need to know everything about the plane, like to the point where you can fly and say, no, I don't, you don't need to be, it's not about the plane.

Speaker 2: 32:09

It's never about the plane. Yes, it's never about the plane. The plane is a tool, it's a, it's a thing. It's it like I'm looking at the private jet right now. Right, that guy I'm assuming a guy could be a girl. Yeah, go back to Sierra, right? So it's not about the plane. Yeah, it's about the person and the feeling that they want, whenever they can, hop into here and have 15,000 movies with a TV that comes up here and have tables that fold out there for no reason whatsoever. Right, just because you can. Yeah, uh, yeah, and and and, frankly, when it becomes that, if they're that well to do, they're going to build it themselves. They just want to find the, the right fuselage shell and they're going to customize it themselves. So then that would be where the broker would be like I've got this guy that can do all your interior. I've got this guy that can do the avionics package for safety, you know. And this guy for all that stuff Paint We've got some fantastic paint, why not? You bought it.

Speaker 1: 33:19

Might as well. Jimmy, this was an amazing interview. I really appreciate your time. Um, is there anything you want to share with the audience, just kind of where they can get to know you better, where they can see your videos or any projects that you work on?

Speaker 2: 33:30

you want to shout out well, thanks so much, and again, this is awesome to be able, like we were sitting in these chairs. You know, they, they do all the stuff, right, right, this is crazy. We were talking it's Hungry, hungry Hippos, where they just do this. So, no, I'm having such a blast. Thank you for inviting me out to check this thing out, jimmy's World. Just do a search on Google, youtube, whatever, you'll find it. All those projects, and are you?

Speaker 1: 34:01

doing any merch right now or something? The Elvis jet right. You guys have the opportunity if they want to commemorate the Elvis show. What's that going on?

Speaker 2: 34:10

Yeah, that's right. So when I bought Elvis Presley's private jet the wings we knew it would never fly again, so we turned it into a road going, drivable vehicle. Oh, okay. So the whole fuselage and the inside is red velvet. It's the most amazing thing you've ever seen. And but it was abandoned for 40 years in the desert and it's a time capsule. We have only ever vacuumed it and wiped the dust off of the wood. That's all we've ever done to the inside. No, it's amazing.

Speaker 2: 34:37

The whole reason I bought it was for the interior of this and it's bright, red velour, velvet. I mean it's amazing. And so that was the whole reason that we bought it and saved it. Uh, was for the interior and the story elvis presley connection, something like that. So we put it on top of a class, a diesel pusher motorhome and you drive it from the pilot seat come on, not kidding it so. And we even kept the yoke as a steering wheel and integrated the speedometer and stuff inside the instrument panel. So it kind of looks like an instrument in there and stuff. It's fantastic. And the whole bottom is chrome and so it's reflective and the idea was so that it looks like it's flying as it's driving down the road. It's awesome, but we weren't able to use the wings and that's how we're paying for it. So what we did was we cut the wings up into little ovals and had them laser engraved serial number and the whole bit and you can buy a piece of the elvis jet. Both.

Speaker 2: 35:35

You can say you own something that elvis presley owned and for this crazy thing right here, and it's a locking jet star, the most like over the top, you want private jet of private jets, four jet engines on the back that were just loud and so obscene. I mean frank sinatra, I think, had one. Of course elvis had actually had two of them. This was the second one. Um muhammad ali had one. I mean, yeah, it was the like that was the peak of private jets in the 60s was the lockheed jet star and it was designed by the same guy that did the sr71 and the, the u2 spy plane johnson, I think, is his name, yeah, kelly johnson. So designed by the same guy and you can tell it's awesome, very pointy, yeah.

Speaker 2: 36:26

So we, we cut those up and we sell those with a certificate of authenticity and with a picture and with a bill of sale, a copy of the FAA bill of sale where Elvis bought it. So you can kind of have some of that provenance to it. And there's only only we're only able to cut 2,167 of them. We've already sold about 500 of them, and so when they're gone, they're gone. Yeah, there can never be another one. And every one of them is different because they're made from actual pieces of the airplane. Yeah, so they're all different. That's cool. Go to save the 310.com for that, or just go to elvisjetcom. You can find it either way perfect.

Speaker 1: 37:02

Yeah, thanks for that, thank you. Thank you very much everybody for for joining us. We appreciate it. And uh, did you do that on purpose?

Speaker 2: 37:08

what's that? Thank you very much. Oh, thank you.

Speaker 1: 37:10

Thank you very much I did not, I did not, but thanks a lot, everybody and we'll catch you later.