Passive Income Pilots (Tait Duryea and Ryan Gibson )
Explorez tous les épisodes de Passive Income Pilots
| Date | Titre | Durée | |
|---|---|---|---|
| 16 Apr 2024 | #55 - First Class Intro to Angel Investing with OfferUp Founder Nick Huzar | 00:54:06 | |
Ever wonder how to turn your entrepreneurial dreams into reality? Tune into our latest episode of Passive Income Pilots as we soar into the world of angel investing and marketplace innovation with Nick Huzar, the CEO and founder of OfferUp! Discover how Nick's room full of unwanted items sparked the vision for a multi-billion-dollar company that revolutionized the way we sell online. Whether you're a passive income beginner or a seasoned investor, this episode is packed with insights on startup growth, the spirit of innovation, and practical tips for investing. Join us as Nick shares his journey through successes, setbacks, and the continuous quest for environmental sustainability through circularity. Gear up for a flight that could change your financial trajectory forever! Timestamped Show Notes: (00:00) - Introduction to the episode with Tait Duryea and Ryan Gibson (02:15) - Meet Nick Huzar, the co-founder of OfferUp (04:30) - The conception of OfferUp and Nick's vision for a better marketplace (08:00) - Nick's entrepreneurial mindset and why he chooses innovation over a 9-5 (12:25) - The early challenges and bootstrap days of OfferUp (16:45) - The transition from angel investing to VC funding explained (21:10) - How to identify and support potentially groundbreaking startups (26:00) - The intersection of environmental sustainability and technology (30:35) - The anatomy of angel, VC, and private equity investing (34:50) - Real-world stories of investment hits and misses (39:15) - Nick's fresh take on tackling environmental challenges (43:00) - How listeners can get involved in alternative investments (48:00) - Closing remarks and takeaways from Nick's experiences (53:30) - Outro and invitation to connect with Passive Income Pilots Be sure to follow Nick @nhuzar on Instagram or on X @nickhuzar for more insights! ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com or record your question to be featured on the show HERE! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 09 Apr 2024 | #54 - The Inner Game of Real Estate with Leka Devatha | 00:45:11 | |
Join us in this insightful episode of Passive Income Pilots as we explore the multifaceted world of real estate with Leka Devatha. From her early beginnings to overcoming the inherent challenges of the industry, Leka shares her journey of resilience, intuition, and strategic diversification. Discover actionable insights and inspiration whether you’re making your first investment or looking to expand your portfolio. Dive deep into the psyche of a successful investor and uncover the qualities that set apart the greats in the volatile arena of real estate. Timestamped Show Notes: (00:00) Introduction and warm welcome to Leka Devatha (00:21) The essence of fearlessness in real estate investing (02:00) How Leka transitioned from corporate to conquering real estate (03:23) The reality of flipping homes: Behind the scenes of Leka’s projects (03:44) Facing the first major challenge in real estate investment (04:31) A story of a significant setback and the invaluable lessons learned (09:46) Sharing the biggest wins in Leka’s real estate career (11:04) The secret behind managing numerous successful projects solo (14:10) Harnessing intuition and analysis to seize the best real estate opportunities (16:54) Finding and working with the right contractors and property managers (20:38) The benefits of diversifying your real estate investment strategy (25:38) Flipping homes as a form of passive income? Leka’s unique approach (26:11) Discussing the tax implications of flipping houses (28:09) The importance of education and taking action in real estate investing (32:35) How Leka’s pilot experience parallels her approach to real estate (35:45) Leka shares her motivation to continue in real estate despite financial freedom (39:39) The secret to running a successful and engaging real estate meetup (41:23) Closing remarks and how to connect with Leka Devatha Follow Leka Devatha on Instagram for more real estate insights: @LekaDevatha ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 13 Aug 2024 | #72 - Cleared for Takeoff: Updated FAA Mental Health Regulations with Joe LoRusso | 00:24:09 | |
In this week's episode of Passive Income Pilots, Tait and Ryan are thrilled to have Joe LoRusso back on the show for an essential update on the evolving landscape of pilot mental health regulations. Since his last appearance, significant changes have been implemented by the FAA, including new guidelines for mental health treatments and expanded medication approvals. Joe breaks down what these changes mean for pilots navigating the complex aeromedical process. If you're a pilot or know someone facing mental health challenges, this episode is a must-listen for staying informed and protecting your medical certification. Joe LoRusso, a seasoned expert in aviation law and aeromedical regulations, returns to the show with crucial updates on FAA policy changes affecting pilot mental health. With years of experience advocating for pilots, Joe provides invaluable insights into how these new guidelines can impact your career and well-being. His dedication to helping aviators navigate the complex legal and medical landscape makes him an indispensable resource for anyone in the aviation industry. Enjoy the show! Show notes: (0:00) Intro (1:01) Joe recaps the latest FAA changes (2:43) New antidepressants added to the approved list (5:14) Guidelines for therapy and SSRIs (9:25) Impact of the Chevron doctrine on FAA regulations (13:42) Advice on choosing an informed AME (18:35) Retroactive application of new regulations (19:57) The importance of attorney-client privilege for pilots (23:37) Outro Connect with Joe LoRusso: LinkedIn: Joseph LoRusso: https://www.linkedin.com/in/josephlegal/ Explore Ramos Law Aviation: https://www.ramoslaw.com/ Follow @RamosInjuryFirm on Facebook, YouTube, and Instagram. Resources Mentioned: Guide for Aviation Medical Examiners: https://www.faa.gov/ame_guide FAA AME Guidelines: https://www.faa.gov/ame_guide/media/Anxiety_Depression_Disposition_Table.pdf Episode #51 - Navigating Turbulence: Mental Health & Legal Safeguards for Pilots with Joe LoRusso: https://passiveincomepilots.com/episode/51-navigating-turbulence-mental-health-legal-safeguards-for-pilots-with-joe-lorusso — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. | |||
| 29 Oct 2024 | #82 - From LLCs and HSAs to Roth IRAs: Mastering Wealth Protection with Mark Kohler | 01:00:46 | |
In this episode of Passive Income Pilots, hosts Tait Duryea and Ryan Gibson welcome tax attorney Mark Kohler to answer popular questions on tax strategies for high-income professionals. With two decades of experience, Mark breaks down essentials from self-directed IRAs to maximizing HSAs, Roth IRAs, and other tax-advantaged accounts, plus strategies for lowering tax liability through real estate and business. With actionable insights on 1031 exchanges, Roth chunking, and creating a “family board,” listeners will learn how to structure finances for long-term growth and protection. Mark Kohler is a seasoned tax attorney, CPA, and author of four bestsellers with over 20 years of experience in legal and tax strategies for small business owners, entrepreneurs, and real estate investors. As the founder of a tax law firm and a self-directed IRA company, he brings expertise in tax structuring, asset protection, and strategic investments. Mark shares invaluable insights on maximizing tax savings for high-income professionals, helping listeners navigate complex legal frameworks to protect and grow their wealth. 🤝 Meet us in person on November 11th in Atlanta, GA. Space is limited, so be sure to RSVP: https://bit.ly/PassiveIncomePilotsATL112024. Show notes: (0:00) Intro (6:41) Mark’s background in tax law and small business (09:17) Tax and Legal 101 (13:38) LLCs for Pilots (17:31) Employing your kids (23:15) Documenting board meetings (26:35) 401A and Roth IRA conversion (32:52) Self-directed HSAs (35:49) HSAs for military pilots (39:22) Cattle ranching in HSAs (42:44) Hobby loss rules (46:56) Buying rental property in IRAs (52:23) The short-term rental loophole (58:40) Outro Connect with Mark:
— You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. | |||
| 13 Mar 2024 | #51 - Navigating Turbulence: Mental Health & Legal Safeguards for Pilots with Joe LoRusso | 00:49:00 | |
Join hosts Tait Duryea and Ryan Gibson on Passive Income Pilots as they engage in a profound conversation with Joe LoRusso, aviation law expert and Director of Aviation at Ramos Law. This episode takes an earnest look into pilot mental health and legal challenges, spotlighting the systemic issues and proposing a transformative approach to aviation industry norms. Joe brings invaluable dual insights from his experience in the cockpit and the courtroom. He addresses the mental health stigma, explains the intricate HIMS program, and provides expertise on dealing with DUI repercussions. This dialogue is a beacon for pilots and aviation professionals seeking to preserve their licensure, mental well-being, and explore alternative income opportunities within the aviation sector. We're dedicated to guiding you along your financial flightpath. Please share this episode, leave a rating, and join us in our mission toward financial autonomy for pilots. Timestamped Show Notes (0:00) Exploring the often overlooked subject of pilot mental health. (2:01) Joe's journey from pilot to prominent voice in aviation law. (6:35) The crucial shift to advocating for pilot rights in legal matters. (8:29) Dissecting the mental health dialogue in aviation. (18:23) The vital resources available for pilot mental health support. (25:45) Fostering pilot support networks within the aviation community. (32:42) Legal perspectives on navigating post-DUI scenarios for pilots. (37:49) Advocacy for the modernization of the HIMS program. (41:48) Tackling cardiovascular health in the context of pilot medical certifications. (43:31) Opportunities and insights within aviation law. (47:59) Connecting with Joe for guidance and advocacy. Connect with Joe LoRusso: LinkedIn: Joseph LoRusso Explore Ramos Law Aviation Follow @RamosInjuryFirm on Facebook, YouTube, and Instagram. ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 01 Oct 2024 | #78 - Lifestyle Investments: Leveraging Seaside Property for Passive Income with Casey Roloff | 00:51:50 | |
In this episode of Passive Income Pilots, Tait and Ryan sit down with Casey Roloff, the visionary behind Seabrook, a seaside town in Washington. They explore how pilots and high-income professionals can strategically invest in real estate within Opportunity Zones while leveraging short-term rental tax loopholes and self-directed IRAs for significant tax benefits. Casey shares his inspiring journey from house painting to developing Seabrook, highlighting how investors can balance lifestyle with passive income opportunities. Discover how a well-placed seaside investment can create long-term value, financial gains, and personal enjoyment. Casey Roloff is the founder and developer of Seabrook, Washington, a master-planned seaside community. With no prior development experience, Casey started by building custom homes and eventually expanded his vision to develop Seabrook, now a thriving 700-acre coastal town. He specializes in combining walkable, community-focused design with real estate investment strategies, particularly within Opportunity Zones. Casey’s unique approach offers investors a rare blend of lifestyle enhancement and financial growth, making him a leading figure in sustainable real estate development. Show notes: (0:00) Intro (1:04) Casey’s journey to town developer (11:21) Lessons on perseverance and financing (13:37) Financials of owning in Seabrook (26:27) Opportunity Zones and tax benefits (31:14) Combining OZs and STR loopholes (43:34) Seabrook's future developments preview (49:55) How to learn more about Seabrook (50:30) Outro Connect with Casey: Seabrook Website: https://www.seabrookwa.com Seabrook Instagram: https://www.instagram.com/seabrookwa Seabrook Facebook: https://www.facebook.com/SeabrookWA Seabrook YouTube: https://www.youtube.com/user/seabrookwa — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. | |||
| 28 Mar 2024 | #52 - Economic Tailwinds: How 1031 Exchanges Propel Real Estate Portfolios With Kyle Williams | 00:44:20 | |
Unlock the potential of 1031 exchanges with Kyle Williams, Senior VP at Velocity 1031, on this enlightening episode of Passive Income Pilots. Designed for aviators aiming to navigate the complex skies of real estate investment, this discussion sheds light on tax deferral strategies that can significantly impact your financial trajectory. Whether you're new to investing or looking to optimize your portfolio, this episode offers invaluable insights into maximizing your returns while minimizing tax liabilities. Engage with us, ask your burning questions, and propel your investments to new heights. Timestamped Show Notes: (00:00:00) Introduction to Financial Empowerment in Aviation (00:02:43) Engaging Our Listeners (00:03:14) Meet Kyle Williams (00:04:35) Real-World Financial Solutions (00:07:50) From Finance to Real Estate Mastery (00:08:12) Unraveling 1031 Exchanges (00:11:11) The Crucial First Steps in 1031 Exchanges (00:12:26) Navigating the 45-Day Identification Window (00:20:38) Enhancing Property Portfolios through 1031 Exchanges (00:22:17) The Keystone Role of a Qualified Intermediary (QI) (00:24:45) Mitigating Identification Period Pressures (00:26:14) Extending Your Investment Horizon (00:38:15) The Debt Replacement Strategy in 1031 Exchanges (00:38:31) Mastering Partial Exchanges (00:40:46) Your Next Steps with Kyle Williams Resources Mentioned: ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 05 Jun 2024 | #62 - Pilot Math: Wealth Strategies for Aviators with Jason Depew | 00:51:33 | |
Welcome back to another episode of Passive Income Pilots! Today, we have a fantastic conversation with Jason Depew, a captain with a US major airline and certified Top Gun. Jason has a wealth of knowledge about pilot finances, having written for various aviation magazines and authored the book "Pilot Math Treasure Bath." In this episode, Jason shares his journey from military pilot to airline captain, his financial strategies, and insights into market-based cash balance plans. Whether you're looking to optimize your retirement savings, invest in real estate, or diversify your income streams, Jason's practical advice and personal experiences will provide invaluable guidance. Timestamped Show Notes(00:55) Introduction of guest Jason Depew (02:27) Importance of having an open mind in investing (03:52) Jason’s background: From Air Force to airline pilot (06:23) Financial advice for new airline pilots (08:42) Tait’s personal saving strategy for newly upgraded captains (10:00) Jason’s approach to financial independence (11:34) Explanation of the 4% rule for retirement withdrawals (13:19) Comparing accumulation vs. cash flow strategies (16:30) Importance of having an anti-fragile portfolio (18:19) Advantages of tax-advantaged accounts and additional investing (19:40) Ryan’s questions about initial investment strategies (20:17) Jason’s high yield savings account strategy (23:27) Liquid investments and asset allocation (25:30) Diversifying into syndications and angel investing (26:29) Introduction to market-based cash balance plans (29:07) Example of how cash balance plans work (30:08) Opting out of market-based cash balance plans (32:46) Strategies to control contributions to market-based cash balance plans (35:47) Relieving tax burdens with strategic investments (36:16) Rolling over cash balance plans into self-directed IRAs (39:55) Importance of protecting scope clauses in pilot contracts (41:36) Innovative provisions in pilot contracts (42:16) Soft pay provisions and their impact on quality of life (44:19) Jason’s book "Pilot Math Treasure Bath" and financial spreadsheets (46:22) Recommended resources for financial education (48:08) Lessons learned about market-based cash balance plans (49:46) Closing remarks and how to connect with Jason Referenced Materialspilotmathtreasurebath.com/bible/ pilotmathtreasurebath.com/2020/05/13/high-yield-savings/ Your Money or Your Life by Vicky Robin and Joe Dominguez #55 - First Class Intro to Angel Investing with OfferUp Founder Nick Huzar ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com or record your question to be featured on the show HERE! Take 10% Off Your Next Uniform - Use code "PASSIVE" on checkout! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. | |||
| 02 Apr 2024 | #53 - Eyes On The Horizon: Real Estate Insights from Kathy Fettke | 00:51:03 | |
In today's episode hosts Tait Duryea and Ryan Gibson navigate through the vast skies of real estate investing with the guidance of real estate titan, Kathy Fettke. As a renowned expert and a beacon of knowledge in real estate and economics, Kathy brings invaluable insights into the current real estate market, investment strategies, and the future of property investment. Whether you're at the helm of your real estate journey or just preparing for takeoff, this episode promises to elevate your understanding of real estate investments and economic trends. Timestamped Show Notes: (00:00:00) Introduction to Passive Income Pilots and Today’s Guest, Kathy Fettke. (00:01:00) Kathy Fettke’s Background: From Broadcast Journalism to Real Estate Mogul. (00:03:00) Empowering Women in Finance and Investing. (00:06:00) The Catalysts for Kathy’s Real Estate Journey: Personal Challenges and Insights. (00:08:00) Analyzing the Economic Impacts of the Pandemic on Real Estate. (00:10:00) The Inflation Effect: Money Supply and Real Estate Dynamics. (00:12:00) Navigating Interest Rates and the Surprising Resilience of the Economy. (00:14:00) The Resilient U.S. Economy: A Deep Dive into the Money Supply and Investment Strategies. (00:17:00) 2008 vs. Now: How Today’s Real Estate Market Differs from the Past. (00:22:00) The Future of Real Estate: Understanding Current Trends and Preparing for What’s Next. (00:24:00) The Role of Office and Commercial Real Estate in Today’s Market. (00:27:00) Kathy’s Advice for New Investors: Simplifying the Path to Real Estate Investment. (00:30:00) The Pitfalls to Avoid in Real Estate Investing. (00:33:00) The Allure and Risks of "Exciting" Real Estate Projects. (00:36:00) The Benefits of Investing in Real Estate: Tax Advantages and Long-Term Growth. (00:38:00) Overcoming Personal and Financial Challenges Through Real Estate. (00:41:00) Real Estate Strategies for Busy Professionals: Finding the Right Investments. (00:43:00) Selecting Low-Maintenance Real Estate Investments Suitable for Busy Lives. (00:46:00) Resources and Advice for Those New to Real Estate Investing. Resources Mentioned
---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. | |||
| 06 Nov 2024 | #83 - Market-Based Cash Balance Plans with Jesse Reed | 00:53:55 | |
In this episode, hosts Tait Duryea and Ryan Gibson welcome back financial planning expert and pilot Jesse Reed to dive deep into market-based cash balance plans—a retirement vehicle being implemented by airlines specifically for high-earning pilots facing 401(k) spillover limits. Jesse unpacks how pilots can strategically manage these plans to maximize retirement savings and minimize tax burdens. Tune in to learn how to navigate 401(k) limits, Roth and after-tax contribution strategies, and advanced tax planning insights. Jesse Reed is a seasoned financial advisor with Creative Planning, specializing in wealth management for airline professionals. With a background as both a financial planner and a pilot, Jesse has unique expertise in navigating complex airline contracts and retirement benefits. His insights on market-based cash balance plans, 401(k) limits, and tax-efficient investing make him one of the leading voices in financial planning for aviators. Jesse’s practical approach provides pilots with the knowledge and tools to optimize their retirement strategies and achieve lasting financial security. 🤝 Meet us in person on November 11th in Atlanta, GA. Space is limited, so be sure to RSVP: https://bit.ly/PassiveIncomePilotsATL112024. Show notes: (0:00) Intro (6:54) 401(k) basics: contribution types, limits, and Roth vs. traditional (12:47) What happens to contributions after hitting income caps (15:28) Mega backdoor Roth strategies for pilots (18:45) After-tax contributions explained for higher retirement savings (26:27) Tax implications of withdrawals from Roth vs. traditional accounts (30:47) Spillover 401(k) contributions: how cash balance plans work (35:15) Conservative investment options within cash balance plans (51:18) Managing cash balance options after retirement (52:57) Outro Article mentioned: Market Based Cash Balance Plan Considerations for Delta Pilots (By Jesse Reed, CFP®, BFA™): https://creativeplanning.com/insights/financial-planning/delta-pilots-mbcbp/ Connect with Jesse:
— You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Do you have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. | |||
| 10 Dec 2024 | #88 - Flight Schools and Passive Income: Insights from Gordon Alvord | 00:46:34 | |
In this episode of Passive Income Pilots, hosts Tait Duryea and Ryan Gibson talk with Gordon Alvord, Alaska Airlines captain and co-founder of Rainier Flight Service. Gordon shares how a 2008 furlough led to creating Washington State’s largest flight school, with over 70 aircraft and a reputation for innovation. Discover how he and his partner used business acumen, strategic investments, and bonus depreciation to build a scalable operation. Whether you're a pilot seeking side hustles or curious about aviation businesses, this episode is packed with actionable insights. Gordon Alvord is an Alaska Airlines captain and co-founder of Rainier Flight Service, and a leader in aviation business and innovation. With a BS in Aeronautics from the University of North Dakota and over 18 years as an airline pilot, Gordon combines his flying expertise with a commitment to exceptional service, safety, and professionalism. Rainier’s success reflects its client-focused culture and dedication to advancing the aviation industry. Show notes: (0:00) Intro (3:42) Starting Rainier Flight Service (8:44) Flight school financial breakdown (17:21) Bonus depreciation for tax savings (20:10) Balancing airline career and business (21:25) Expanding to new locations (23:50) Aircraft leaseback programs explained (37:48) Flight instructor opportunities (39:15) Airline interview prep (42:07) Cost of becoming a pilot (45:40) Outro Connect with Gordon Alvord:
— You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Do you have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. | |||
| 28 May 2024 | #61 - NFL Defensive Legend Cliff Avril: Crushing Real Estate After Crushing QBs | 00:43:15 | |
Welcome back to Passive Income Pilots, where we dive into the intersection of aviation, finance, and personal success. Today, we have a special treat for both football enthusiasts and aspiring investors. Our guest is none other than Seattle Seahawk NFL Defensive Legend and Super Bowl Champion, Cliff Avril. Known for his ferocious defense and countless quarterback sacks, Cliff has seamlessly transitioned from the gridiron to the real estate market. In this episode, Cliff shares his journey from NFL stardom to real estate success, offering invaluable insights on financial freedom, investment strategies, and the mindset required to crush it in any field. Whether you're a die-hard football fan or a budding real estate mogul, you won't want to miss this episode packed with actionable advice and inspiration. Timestamped Show Notes (00:08) - Overview of Cliff Avril’s NFL career and transition to real estate. (02:04) - Overview of the podcast: passive income strategies, tax strategies, asset protection, and real estate. (02:39) - Cliff discusses his NFL career and the differences between Detroit Lions and Seattle Seahawks. (04:42) - Impact of Pete Carroll’s coaching style on Cliff’s approach to business. (06:14) - Cliff’s transition to real estate and the importance of passion and dedication. (09:02) - Mindset of investing and avoiding financial pitfalls post-NFL. (12:04) - The importance of networking and building a community of investors. (14:35) - Cliff shares the biggest challenges and setbacks in real estate. (16:48) - Business model and the goal of creating generational wealth for friends and family. (18:35) - Education and involvement of friends and family in real estate investments. (20:59) - Recommended podcasts and books for aspiring real estate investors. (22:20) - Cliff’s philanthropy: building homes and schools in Haiti. (25:54) - Cliff’s projects and partnerships with Marshawn Lynch & Ndamukong Suh. (29:59) - Identifying properties and building a team for real estate projects. (32:35) - The importance of networking and genuine relationship building. (34:22) - Cliff’s approach to networking: making friends and building genuine relationships. (35:40) - Cliff’s advice on playing like a champion every day and maintaining a positive mindset. (38:56) - Cliff’s favorite games outside of the Super Bowl and their impact on his approach to life and business. (39:03) - The importance of key team members in Cliff’s business. (40:33) - Cliff’s most rewarding achievement post-NFL: educating his mother on investing and financial independence. (42:20) - Closing remarks and information about the Passive Income Pilots community. ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Take 10% Off Your Next Uniform - Use code "PASSIVE" on checkout! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. | |||
| 08 Jul 2024 | #65 - Cashing In on Convenience: The Secret Economy of Vending Machines | 00:50:49 | |
Welcome to another exciting episode of Passive Income Pilots! We're diving into a fascinating and often overlooked passive income stream: vending machines. Our guest, Mike Hoffmann, also known as "Mr. Passive," shares his journey of creating a vending machine empire and how this low-barrier investment can yield significant returns. Whether you're a seasoned investor or looking for a side business to try with your kids, this episode is packed with insights and practical advice on turning everyday conveniences into lucrative income streams. Tune in to discover the secrets of the vending machine business and learn how you can cash in on this profitable niche. Timestamped Show Notes(00:00) Introduction by Tait and Ryan (01:24) Mike Hoffman's introduction and passive income journey (03:25) Overview of vending machine types and profitability (06:14) Mike's research and first vending machine purchase (08:34) Cost, EBITDA breakdown, and tax benefits of vending machines (11:41) Vending machine market opportunities and lead generation (13:58) Importance of location and securing vending spots (19:59) Choosing the right vending machine and products (22:57) Operational logistics: stocking process and maintenance (28:34) Expanding operations: remote management and larger routes (34:05) Comparison to other investments: ATMs and self-storage (35:00) Challenges and downsides in the vending business (42:30) Future trends: ad revenue, and demographic data (46:18) Specialty vending machines and innovative solutions (49:00) Closing remarks and how to connect with Mike ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com or record your question to be featured on the show HERE! Take 10% Off Your Next Uniform - Use code "PASSIVE" on checkout! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. | |||
| 31 Dec 2024 | #91 - Interest Rates, Submarkets, and CRE's Future with Spencer Levy | 00:49:12 | |
Spencer Levy, a leading expert from CBRE, joins Tait Duryea and Ryan Gibson to break down the current state of commercial real estate (CRE). He explains how rapid interest rate changes are reshaping the market, highlights key megatrends like reshoring and live-work-play neighborhoods, and offers advice on navigating submarkets. Whether you’re a seasoned investor or just getting started, Spencer shares valuable strategies to help pilots and high-income professionals make smarter CRE investments. Learn to identify undervalued opportunities and position yourself for success in a shifting landscape. Spencer Levy is the Senior Economic Advisor and Global Client Strategist at CBRE, where he helps the world’s largest investors and occupiers navigate commercial real estate trends. Known for his dynamic speaking style and expert analysis, Spencer advises on investment strategies and market forecasts, delivering over 120 presentations annually. As the host of The Weekly Take podcast, he offers in-depth insights on everything from macroeconomic trends to niche submarkets, making him a leading voice in the CRE industry. Show notes: (0:00) Intro (4:46) Spencer shares his CBRE role and focus (7:09) Key macro trends in commercial real estate (11:22) Interest rates' impact on CRE markets (16:25) The case for a potential office market rebound (31:31) Identifying submarkets for investment success (43:39) Reshoring manufacturing and its CRE implications (46:01) Advice and resources for new CRE investors (48:11) Spencer’s optimism for CRE recovery and trends (48:40) Outro Connect with Spencer Levy:
— You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Do you have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. | |||
| 09 Jul 2024 | #67 - Protecting Your Wings: What Pilots Need to Know with Dr. Dan Monlux | 00:44:16 | |
Welcome back to Passive Income Pilots! In this special "Friday for Flyers" episode, we're diving into a critical topic for every pilot – medical certifications and aeromedical issues. Today, we have the honor of hosting Dr. Dan Monlux, an experienced AME, former F-18 pilot, and founder of Wingman Med. Dr. Monlux brings a wealth of knowledge and expertise to help you navigate the complexities of pilot medicals, ensuring you protect your wings and maintain your flying career. Whether you're a seasoned aviator or just starting, this episode is packed with valuable insights you won't want to miss. Timestamped Show Notes(00:00) Introduction to the episode and guest. (00:30) Overview of the episode and its focus on pilot medical certifications. (01:20) Introduction to Dr. Dan Monlux and his background as an F-18 pilot and AME. (02:42) Dr. Dan Monlux discusses his journey and experience in aviation and medicine. (04:18) Dr. Monlux shares stories from his time as an F-18 pilot. (05:30) Transitioning from military aviation to medicine and becoming an AME. (06:41) The importance of understanding that the AME is not your treating doctor but an FAA designee. (08:09) Tips on how to approach your medical exam and when to consult your AME versus your primary care doctor. (09:39) Explanation of the MedExpress application process and the importance of not handing over your confirmation number prematurely. (10:50) The importance of bureaucracy and documentation in FAA medical certification. (11:57) The deferral process when disqualifying medical conditions arise. (14:15) Common reasons for medical certification denials and what blindsides pilots the most. (16:24) Discussion on special issuances and administrative processes to get them cleared. (18:30) The role of regional flight surgeons and program analysts in the FAA certification process. (20:23) MedExpress application details and the importance of telling a consistent medical history story. (22:58) Consequences of letting your medical certificate expire and the process of downgrading to a different class. (25:29) Getting out of the bureaucratic cycle and the role of Wingman Med in helping pilots. (28:00) When to seek legal advice versus medical consultation for certification issues. (30:15) Overview of the HIMS program and its significance for pilots with alcohol, substance abuse, and mental health issues. (32:50) Discussion on FAA mental health policies and the need for more resources to process applications. (35:00) Dr. Monlux's top three tips for pilots to ensure they pass their medical exams. (36:20) How to reach out to Wingman Med for consultations and the benefits of their MedExpress simulator. (38:00) Closing thoughts and final advice from Dr. Monlux. (39:00) Wrap-up and thank you to Dr. Monlux. Feel free to reach out to Wingman Med for a free consultation if you have any medical concerns or need guidance on your certification. Visit their website at wingmanmed.com. #51 - Navigating Turbulence: Mental Health & Legal Safeguards for Pilots with Joe LoRusso Fly safe and stay healthy! ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. | |||
| 26 Nov 2024 | #86 - Mapping the Skies: The Tech Behind Real-Time Flight Tracking with Ian Petchenik | 00:33:52 | |
Welcome back to another episode of Passive Income Pilots! In this episode, Tait Duryea and Ryan Gibson step outside financial strategies to explore the world of real-time flight tracking with Ian Petchenik, Director of Communications at FlightRadar24. Ian shares insights into the app that has become essential for aviation enthusiasts and professionals alike, with its vast network of over 41,000 ADS-B receivers tracking more than 200,000 flights daily. Whether a pilot or an aviation enthusiast, this episode takes you behind the scenes of one of the most fascinating innovations in modern air travel. Ian Petchenik serves as the Director of Communications at FlightRadar24, where he has been instrumental in the company’s growth for over nine years. A leading voice in aviation technology, Ian is passionate about bringing complex flight-tracking data to life for professionals, enthusiasts, and everyday users. His expertise spans communications, aviation technology, and leveraging ADS-B data to enhance air traffic efficiency and safety. Show notes: (0:00) Intro (2:35) How FlightRadar24 works and its features (5:13) The accidental origins of FlightRadar24 (7:31) Practical uses for ADS-B technology (12:43) Where is data transmitted to (14:06) ADS-B out, ADS-B in, and ADS-C (16:38) Their biggest customer (18:22) Making air travel safer and more efficient (21:16) FlightRadar24's 41,000 global receivers (32:20) How to connect with Ian (33:25) Outro Connect with Ian Petchenik:
— You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Do you have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. | |||
| 01 May 2024 | #57 - From Handshakes to High Stakes: The Best Ever Blueprint for Building Wealth Through Connections with Joe Fairless | 00:46:28 | |
Welcome to another thrilling episode of Passive Income Pilots, where we navigate the high-flying world of passive income opportunities. Today, we're joined by Joe Fairless, a titan in real estate investment and co-founder of Ashcroft Capital. Joe is renowned for his groundbreaking "Best Ever" conference, which is exactly where our hosts first crossed paths. In this episode, Joe shares his expert insights on how strategic networking can transform real estate investments into massive wealth. Buckle up as we dive into a conversation that's all about elevating your investment game through powerful connections. Timestamped Show Notes: (00:00:20) Introduction and overview of the episode. (00:04:10) Introduction of Joe Fairless and his background in real estate. (00:05:40) Importance of networking in building wealth through real estate connections. (00:10:20) Strategies for identifying lucrative real estate opportunities. (00:15:30) Value-add strategies and examples of successful projects. (00:20:20) Discussion on managing risks and ensuring consistent returns in real estate. (00:25:20) Advice for aspiring real estate investors and the importance of education. (00:30:10) Insights into future trends and emerging opportunities in real estate. (00:40:20) Recap of key takeaways and final thoughts from Joe. Resources Mentioned: ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 27 Aug 2024 | #74 - The Inside Track: Mastering Real Estate Syndications for Long-Term Success | 00:54:10 | |
Welcome to another episode of Passive Income Pilots! This week, Tait and Ryan dive deep into the world of real estate syndications—a game-changing investment strategy for busy professionals, especially pilots. They break down what syndications are, how they work, and the pros and cons of this passive income stream. From navigating the complexities of recourse vs. non-recourse loans to understanding the importance of vetting syndicators, this episode is packed with valuable insights to help you soar above the turbulence in your investment journey. Tune in to learn how you can achieve financial freedom without the daily grind of property management. Enjoy the show! Show notes: (0:00) Intro (03:05) Real estate syndications vs. traditional rental properties (6:53) Recourse vs. non-recourse loans explained (13:41) The risks of inexperienced syndicators (15:51) The downsides to syndication (24:10) Importance of vetting your syndication operator (30:50) The benefits of syndications for busy professionals (44:54) The snowball effect: how syndication returns compound over time (53:20) Outro — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. | |||
| 10 Sep 2024 | #76 - MOST POPULAR EPISODE: Reduce Taxes & Maximize Returns Using PROVEN Strategies with Toby Mathis | 01:10:31 | |
In this episode of Passive Income Pilots, Tait Duryea takes you back to one of the most downloaded episodes in the show's history with Toby Mathis from Anderson Advisors. Discover how tax laws can work for you through real estate investments, cost segregation, and bonus depreciation strategies. Toby breaks down the game-changing legal strategies high-income earners can use to reduce their tax burden and maximize returns drastically. If you're a pilot frustrated with taxes or looking to level up your knowledge, this episode is packed with powerful insights. Toby Mathis is a tax attorney, author, and principal at Anderson Advisors, where he has spent over 25 years advising investors and business owners on tax strategies. He is also a member of the Forbes Real Estate and Finance Council. As both an experienced real estate investor and a legal expert, Toby brings practical, actionable insights to the show. He specializes in helping high-income earners legally reduce their tax burden through real estate, business structures, and creative legal strategies. Toby is also known for his popular bi-weekly webinar, Tax Tuesday, and his #1 bestselling book "Infinity Investing," published by Forbes Books. Enjoy the show! Show notes: (0:00) Intro (01:13) Economic update and job market trends from the Federal Reserve Beige Book (05:03) Tax challenges for pilots and strategies to reduce taxable income (08:49) Debunking myths about LLCs and creating tax-deductible losses (12:57) Understanding income types: active, portfolio, and passive income (17:10) Can passive losses offset W-2 income for pilots? (19:30) Tax implications of owning a business versus owning real estate (23:11) Bonus depreciation and maximizing tax benefits with real estate investments (31:46) Real estate professional status: how pilots can qualify and benefit (45:31) Combining Airbnb with long-term rentals for optimal tax strategies (58:04) Cost segregation and accelerating depreciation for significant tax savings (1:10:05) Outro Connect with Toby: Company Website: https://andersonadvisors.com/ Website: https://tobymathis.com/ Youtube: https://www.youtube.com/@TobyMathis Free Tax Webinar: https://andersonadvisors.com/tax-tuesdays/ Toby takes a deep dive into taxes at Spartan Investment Group: Tackling the Toughest Tax Questions of all Time! https://www.youtube.com/watch?v=GX8rFZSGeVc — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. | |||
| 07 May 2024 | #58 - Tax Tactics: The TOP 5 Ways You Can Save with Toby Mathis | 00:53:34 | |
Welcome back to Passive Income Pilots! In this episode we delve into essential tax strategies tailored specifically for pilots. With the expertise of Toby Mathis from Anderson Advisors, we explore five key ways you can reduce your tax liability effectively. Toby brings his depth of tax knowledge directly to our pilot audience, discussing everything from maximizing deductions to strategic asset management. Additionally, we'll cover an intriguing opportunity for pilots interested in aircraft ownership—how purchasing an airplane can not only serve personal and professional needs but also offer significant tax advantages. If you're looking to navigate the complexities of taxes with ease and make informed decisions that could save you thousands, this episode is your must-listen guide. Timestamped Show Notes: (00:00) - Introduction to the episode with hosts Tait and Ryan. (01:29) - Introduction of the guest, Toby Mathis, and discussion on tax and legal workshops. (04:02) - Explanation of tax brackets and progressive tax systems. (05:13) - Discussion on aircraft ownership, benefits, and deductions related to taxes. (10:24) - Detailed analysis of leasing aircraft and tax implications. (17:15) - Strategies for pilots to utilize aircraft ownership for tax advantages. (23:46) - Overview of various tax reduction strategies and charitable giving. (28:36) - Introduction to tax and legal workshops offered by Toby's firm. (32:02) - Five top tax tips for pilots including HSA benefits. (44:58) - Discussion on solo 401k benefits and other tax-deferred accounts. (53:15) - Conclusion and thanks to guest Toby Mathis. Resources Mentioned: Tax & Asset Protection Workshop #10 - Reduce Your Taxes & Maximize Returns Using PROVEN Investment Strategies with Toby Mathis #14 - Depreciation Demystified: Cost Segregation and Tax Savings in Real Estate with Toby Mathis ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 04 Sep 2024 | #75 - Unlocking Real Estate Professional Status (REPS) with Brandon Hall | 00:51:23 | |
Welcome back to Passive Income Pilots! This week, Tait and Ryan are joined by Brandon Hall, a top CPA and founder of Hall CPA, PLLC, to dive into one of the most powerful tax strategies for high-income professionals: real estate professional status. With over 800 clients and a specialization in real estate tax strategies, Brandon breaks down the benefits, nuances, and how pilots can leverage this loophole to minimize taxes and maximize wealth. Whether you're a seasoned investor or just curious, this episode is packed with insights you don’t want to miss! Brandon Hall is a leading CPA and the founder of Hall CPA PLLC, known as The Real Estate CPA. With a national client base of over 800 real estate investors and firms, Brandon specializes in optimizing tax strategies for real estate professionals. He’s also a recognized speaker and coach in the CPA world, helping other firms refine their business models. Brandon joins Tait and Ryan to share his expertise in real estate tax advantages, especially for high-income professionals like pilots. Enjoy the show! Show notes: (0:00) Intro (04:04) Diving deep into real estate professional status (7:49) Cash flow, appreciation, amortization, and the tax advantages of depreciation (14:00) How pilots can accelerate depreciation through cost segregation studies (17:07) Passive vs. active losses explained (20:21) How pilots can meet the 750-hour threshold to qualify as real estate professionals (31:20) The advantage of having a spouse who qualifies as a real estate professional (44:24) The importance of educating yourself and working with a CPA (50:46) Outro Connect with Brandon:
Links Mentioned:
— You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. | |||
| 06 Mar 2023 | The Men Behind Passive Income Pilots | 00:12:29 | |
Welcome to the highly-anticipated debut episode of Passive Income Pilots, the ultimate platform for aviators seeking to explore the world of finance, real estate, and investing. After years of friendship, planning and preparation, Tait Duryea (Turbine Capital) and Ryan Gibson (Spartan Investment Group) are thrilled to finally unveil their groundbreaking show. In this episode, hosts Tait and Ryan delve into the genesis of Passive Income Pilots, and share their individual and collective excitement and vision for the show. With a combined 30 years experience in the airline industry and even more time researching and investing in real estate, the hosts are excited to share their investment knowledge with those seeking to learn the ropes and create passive income. In listening to this episode, you will hear their deep passion for general aviation and flying as they share how and why they became pilots. You will also learn why they got into real estate investing and their current investment strategies of choice. They wrap up the episode by talking about their roadmap for the show, the type of guests they interview, and the strategy they use to vet those guests. Whether you're a seasoned pilot or simply curious about passive income strategies, this podcast is designed to equip you with the knowledge and skills you need to elevate your financial literacy and build generational wealth. Enjoy the show! Timestamped Show Notes (00:00) Ryan and Tait share their excitement for launching their podcast (01:02) Ryan’s background in aviation (03:22) The start of Ryan’s company, Spartan Investment Group (04:44) Vision for the show (05:09) Tait’s background in aviation and real estate investing (06:30) The start of Tait’s company, Turbine Capital (08:11) Ryan and Tait share what they love to fly (08:59) Roadmap and goals for the show (11:39) Request for listeners (12:13) Outro Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 09 Mar 2023 | #1 - How Can Pilots Position Themselves for Success with CNBC’s Fast Money Trader Guy Adami | 00:57:17 | |
On the first episode of Passive Income Pilots, Tait and Ryan interview Guy Adami, the original member of CNBC’s “Fast Money” and Director of Advisor Advocacy at Private Advisor Group. With a background in hedge fund management and key leadership roles at Drexel Burnham Lambert, Goldman Sachs, and CIBC World Markets, Adami offers expert insights on finance, interest rates, and inflation. He critiques the Federal Reserve’s policies and provides strategies for navigating the stock market and creating passive income. Learn how to prepare for financial success in 2023. Enjoy the show! Timestamped Show Notes (00:00) Intro (00:21) Tait and Ryan introduce Guy Adami (02:19) Tait and Ryan provide clarity on ESG and REITs prior to the interview (06:13) What are Guy’s thoughts on a market crash? (08:20) Fed's interest rate policy and its impact on the market (09:41) Inflation and the impact on the markets (13:34) Cash on the sidelines (16:21) How can pilots position themselves for success in 2023? (19:46) Examining the impact of ESG on the Energy Industry (23:07) Inflation and interest rates (26:12) Examining the impact of fed policy on wealth inequality (32:09) How do we win in a low-interest rate environment? (42:14) What was the biggest surprise Adami had in 2022? (49:37) Adami’s outlook on publicly-traded REITs (53:47) What’s in his personal portfolio? (55:34) Any Ironman events planned for 2023? (57:10) Outro Connect with Guy Adami: X: @guyadami https://www.cnbc.com/guy-adami/ ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 14 Mar 2023 | #2 - Invest Passively in DST and Opportunity Zones with Brandon Bruckman | 00:38:37 | |
On this episode of Passive Income Pilots, Tait and Ryan interview Brandon Bruckman, an investment advisor and RIA with Insight Advisors. Brandon specializes in helping clients invest passively in Delaware Statutory Trusts (DSTs), 1031 exchanges, and Opportunity Zone (OZ) funds. With a diverse background in financial services, logistics, pharmaceuticals, and hedge funds, Brandon brings a wealth of knowledge and experience to the table. He shares insights on structuring the sale of real estate to defer taxes, providing creative solutions for investors with highly appreciated assets. Brandon's expertise helps clients achieve tax-deferred status and improve their overall lifestyle. Enjoy the show! Timestamped Show Notes (00:25) Intro (02:19) Tait and Ryan provide clarity on DSTs, 1031 exchanges, and OZ funds prior to the interview (04:37) Brandon Bruckman’s bio (05:42) Ryan introduces Brandon (07:43) Clients' options for getting tax-deferred (10:40) The three pain points they are solving for clients (12:32) Deep dive into 1031s (13:58) The process of getting tax-deferred when doing a 1031 Exchange (15:38) Assisting accidental investors with finding a CPA (18:01) Due diligence on vetting investors and Brandon's background (23:08) What is their firm's role? (24:00) What is an Opportunity Zone? (25:05) The difference between a 1031 Exchange and an Opportunity Zone (26:23) When is the tax bill due? (33:33) Will you see how funds are performing before jumping in? (36:15) What are their firm's other offerings? (38:30) Outro Connect with Brandon Bruckman Email: Brandon@investwithinsight.com LinkedIn: https://www.linkedin.com/in/brandonbruckman/ Brandon Bruckman: Exit Strategies & 1031 Exchanges ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 15 Mar 2023 | Special Episode: The Silicon Valley Bank Collapse | 00:21:00 | |
On this special episode of Passive Income Pilots, Tait and Ryan delve into the recent collapse of Silicon Valley Bank (SVB) on March 10, 2023—the second-largest bank collapse in United States history. Triggered by a run on deposits and a lack of new capital, SVB's downfall sent shockwaves through the banking industry, raising concerns about the financial sector's stability. As a favored institution among founders and tech companies, SVB's collapse had significant implications. Tune in to learn what this event means for pilots and how to safeguard your finances. Enjoy the show! Timestamped Show Notes (00:00) Intro (00:30) Tait and Ryan explain the purpose of this special episode (01:31) SVB's explosive growth (04:15) Exploring the impact on pilots (05:18) Where's the exposure? (08:01) Thoughts on FDIC stepping in and the affected businesses (10:26) Fractional reserve banking system (12:24) Understanding bonds (16:03) What fixed it? (20:10) Outro ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 21 Mar 2023 | #3 - Investments and Wealth Management for Aviators with Austin “Strobes” Hulbert | 00:56:46 | |
On this episode of Passive Income Pilots, Tait and Ryan interview Austin "Strobes" Hulbert, a highly accomplished aviator and entrepreneur. Born into an aviation family, Austin naturally pursued a career as a pilot, graduating from the United States Naval Academy in 2005 and earning an M.A. in Security Studies from Georgetown University shortly after. As an F/A-18 Hornet and Super Hornet pilot, Austin completed a deployment on the USS Enterprise and served as a flight instructor. After his active duty tour, he obtained an M.B.A. from Harvard and worked for several financial companies before founding Talos Company, which focuses on acquiring and expanding high-potential businesses. Austin shares how overcoming a family tragedy shaped his outlook on life and propelled him to achieve success. He emphasizes the importance of discipline, mindset shifts, and sticking to financial basics. Austin's journey and insights are truly inspiring for the flying community. Enjoy the show! Timestamped Show Notes (00:21) Intro (02:00) Tait and Ryan provide clarity on terminology used in the interview (04:10) Austin's background (07:00) What is life like on an aircraft carrier? (11:53) What Austin misses about living on an aircraft carrier (13:05) What would he never do again (14:20) Flying story as an instructor (17:36) The Good Friday Miracle (19:51) A transformative time in Austin's life and what got him through it (26:40) How Austin started his financial literacy journey (31:39) What it means when he says to stick to the basics in finance (33:28) Importance of knowing how your portfolio is performing (35:10) Working with those who have your best interests in mind (37:45) Building success through discipline and mindset shifts (41:32) Austin's advice for aspiring pilots and entrepreneurs (45:18) Outro ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 28 Mar 2023 | #4 - Build A Solid Investment Strategy Before Pushing The Throttle Forward with Alex Tapia | 01:00:33 | |
On this episode of Passive Income Pilots, Tait and Ryan interview Alex Tapia, an ex-US Airways pilot who transitioned into finance after 9/11. Alex founded Aviation Retirement Strategies (ARS) to make finance accessible and understandable for aviation professionals, especially pilots. With over $1B in assets under management and 1,000 pilot families, ARS is dedicated to supporting pilots' unique financial needs. Alex believes in personalizing financial strategies, ensuring investments work efficiently together. He shares insights on monetizing your portfolio, taking advantage of industry benefits, and simplifying financial management for pilots. Enjoy the show! Timestamped Show Notes (00:00) Intro (00:44) Alex Tapia’s bio (02:25) What is a money manager? (06:53) Making financial management accessible to aviation professionals (09:38) Leaving his job after 9/11 and starting a new company (15:07) What makes pilots different financially? (22:58) How airlines choose financial service providers (27:59) The meanings of "self-directed" in investments (30:03) Institutional world vs. retail (32:58) Share classes (A, B & C) for retail investors (36:42) Reduced fees with a professional financial manager (39:02) ARS vs. Edward Jones (41:22) Who can ARS help the most? (45:19) Financial advice for pilots and their families (49:02) Knowing everything you need to know about the 'flight' (51:17) Not knowing your why is like not knowing your destination (52:36) Outro ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 30 Mar 2023 | #5 - Live at the BEC 2023 (Where It All Started) | 00:25:02 | |
On this special episode of Passive Income Pilots, Tait and Ryan go live from the Best Ever Conference (BEC) in Salt Lake City, Utah. Celebrating the podcast's launch at the event where it all began for them, Tait and Ryan share their journey, from meeting at BEC to building their friendship and successful investment careers. The Best Ever Conference is a premier marketplace for individual investors to connect, network, and explore various investment opportunities. In this episode, Tait and Ryan discuss the history and workings of their companies, the significance of education for pilots in the investment world, and make an exciting announcement for next year's BEC, tailored for their fellow aviators. Tune in to discover where Passive Income Pilots started and gain insights into investment strategies and networking. Enjoy the show! Timestamped Show Notes (00:47) Intro (02:02) Tait shares how he found his way to the BEC 2018 where he met Ryan (05:17) Ryan talks about his vision as an investor and his investment journey (07:36) BEC as the best resource for learning about investments for non-institutional investors (12:04) Tait talks about Turbine Capital (17:08) Ryan talks about Spartan Investment Group (22:56) Passive Income Pilots’ goals (24:54) Outro ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 04 Apr 2023 | #6 - Transitioning from Active to Passive Investing and Diversifying Investments with Jeremy Roll | 00:52:43 | |
In this episode of Passive Income Pilots, Tait and Ryan interview Jeremy Roll, a seasoned passive cash flow investor who transitioned from the corporate world to full-time investing in 2007. Jeremy manages Roll Investment Group, overseeing more than 70 investment opportunities worth over $1B in real estate and business assets. As the co-Founder of For Investors By Investors (FIBI), he supports a vast network of over 30,000 real estate investors. With an MBA from The Wharton School and experience as an advisor for Realty Mogul, Jeremy shares his expertise on building substantial passive income, leveraging tax benefits, and diversifying investments across various asset classes. Enjoy the show! Timestamped Show Notes (00:00) Intro (05:06) Passive real estate investing (07:27) Turning active income into passive income (08:45) How Jeremy started (11:21) What went into his first investment (14:19) What would Jeremy do differently with the knowledge and experience he has now? (18:25) Diversification strategies (21:31) Investing in individual ATMs (23:06) Giving up control in investments (26:31) Top deal killers to watch out for (33:06) How to learn about underwriting (36:20) Insights on crowdfunding (38:05) The difference between private and public securities (43:19) Jeremy's favorite investment (46:58) Understanding tax rates (48:41) What Jeremy did at the beginning of his journey (50:35) His advice to those planning to leave the corporate world (51:46) How to connect with Jeremy Connect with Jeremy Roll Email: JRoll@RollInvestments.com Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 06 Apr 2023 | #7 - The Pilot Network and Navigating the Aviation Industry with Adam Uhan | 01:06:19 | |
On this episode of Passive Income Pilots, Tait and Ryan interview Adam Uhan. Adam grew up in Milwaukee, Wisconsin, and transitioned from a military pilot to an airline pilot, traveling to six continents and starting a family along the way. Adam's first formal public speaking engagement was at an international military conference, where he presented to over 1500 people, igniting his passion for being the "voice from the flight deck." Adam shares TPN's (The Pilot Network) backstory, how students and aspiring aviators can join the TPN community and receive support in starting their careers, and what experienced airline captains need to do to join TPN. He also provides insights into the current state of the aviation industry, the hiring scene, and the importance of building a strong team around you. Enjoy the show! Timestamped Show Notes (00:00) Intro (02:56) TPN's backstory (24:37) Business with purpose (28:54) How students can join TPN and start their aviation careers (33:12) Why a 20-year airline captain should join TPN (37:47) Minimum next step (41:52) Learning to love doing something that you originally hated (45:23) The state of the aviation industry and the hiring scene (54:39) Blindspot of the younger generation (59:47) Start making investments today, when the sun is shining (1:01:00) Developing the team around you (1:03:24) How to connect with Adam (1:06:04) Outro Connect with Adam Uhan Email: heyguys@thepilotnetwork.com Website: https://thepilotnetwork.com/ ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 11 Apr 2023 | #8 - Blockchain and Web3: Transforming Finance With Trustless and Decentralized Ecosystems with Ben Jorgensen | 01:02:57 | |
On this episode of Passive Income Pilots, Tait and Ryan interview Ben Jorgensen, an American entrepreneur and web3 technologies investor. Featured in NASDAQ, Forbes, Entrepreneur Magazine, Hacker Noon, Cointelegraph, and ABC, Ben is the founder and CEO of Constellation Network, Inc., a web3 company contracted with the US Department of Defense and Civil Reserve Air Fleet. Constellation's decentralized network, Hypergraph, and smart contracts secure mission data for the DoD. With a background in Anthropology, Economics, and Political Science, Ben co-owns San Francisco restaurants GOZU and YOKAI. In this episode, Ben discusses the transformative power of Blockchain and Web3 technologies, their impact on the financial landscape, and the increasing adoption of these technologies by businesses, including the US Air Force. He also touches on the recent FTX collapse and the future of DeFi. Enjoy the show! Timestamped Show Notes (00:00) Intro (04:43) Ben's backstory (12:38) Blockchain technology explained (15:01) Benefits of Cryptocurrency and why we should care (17:25) How blockchain technology can prevent events like the Silicon Valley Bank collapse (22:10) What does the blockchain look like? (24:13) Difference between crypto and blockchain (26:24) Difference between Web2 and Web3 (34:36) What makes Bitcoin a commodity? (39:36) Each ecosystem has its own currency (44:32) Breakdown of smart contracts (51:55) Transparency in the blockchain (56:39) Ben describes crypto, Web3, and technology being built in the space (58:54) FTX Collapse: Last year was the worst for crypto (1:00:03) Up and coming in the space: DeFi (1:02:48) Outro Connect with Ben X (Personal): https://twitter.com/BenJorgensen X (Company): https://twitter.com/Conste11ation ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 13 Apr 2023 | #9 - Demystifying IRAs: Transfers Vs. Rollovers with Carrie Cook | 01:02:11 | |
On this episode of Passive Income Pilots, Tait and Ryan interview Carrie Cook, the CEO of Preferred Trust Company (PTC) and President of Ignite Funding. As a certified Self-Directed IRA Professional, Carrie oversees PTC, a licensed retail trust company acting as custodian for IRA owners' alternative assets. She simplifies the complexities of IRAs, providing a comprehensive overview of the fundamentals, nuances, and common misconceptions. Carrie explains different types of IRA accounts, the difference between rolling over and transferring IRAs, and the true meaning of "self-directed" in the context of IRAs. She highlights common mistakes investors make when moving their IRAs and provides a clear roadmap of the necessary steps and potential fees involved, empowering investors to make informed financial decisions. Enjoy the show! Timestamped Show Notes (00:00) Intro (03:31) Overview of what Preferred Trust Company does (05:23) What the term "self-directed" really means (08:32) How custodians make money (10:49) What is an IRA? (12:24) Tax-advantaged accounts and IRA account types (14:51) Understanding low contribution limits (24:26) When can you move your funds? (29:28) IRA investing is a double-edged sword (39:39) How long does the process take? (46:23) Why haven't people heard of these opportunities? (51:35) PTC's fee model (57:15) Where can you learn more or connect with PTC/Carrie Carrie talking about IRAs: Self-Directed Retirement Account Investing with Carrie Cook Connect with Carrie Call: 888-990-7892 Email: info@ptcemail.com Website: www.preferredtrustcompany.com ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 18 Apr 2023 | #10 - Reduce Your Taxes & Maximize Returns Using PROVEN Investment Strategies with Toby Mathis | 01:08:00 | |
On this episode of Passive Income Pilots, Tait and Ryan sit down with Toby Mathis, a multi-talented attorney, speaker, bestselling author, and investor. As a founding partner of Anderson Business Advisors, Toby has led the company to numerous accolades, including being listed on Inc 5000 five times and recognized as one of the Best Places to Work. Toby is known for his popular bi-weekly webinar, Tax Tuesday, and his #1 bestselling book "Infinity Investing," published by Forbes Books. He is also a member of the Forbes Real Estate and Finance Council. In this episode, Toby shares invaluable insights and strategies for maximizing returns and minimizing tax liabilities, revealing unique tax advantages of real estate ownership. He discusses bonus depreciation, the real estate professional loophole, and actionable steps for qualifying for material participation status with your real estate or Airbnb portfolio. Toby also explains the benefits of cost-segregation studies and how investors can leverage them for financial gain. Enjoy the show! Timestamped Show Notes (00:00) Intro (03:20) Brief overview of Anderson Business Advisors and Toby's expertise (06:15) The different types of income and taxes (16:05) Owning a business vs. owning real estate (23:20) Understanding bonus depreciation (27:06) Material participation explained (28:50) Real estate professional tax loophole (35:06) Qualifying for material participation with an Airbnb portfolio or real estate (39:15) 7 ways to qualify for material participation, 3/7 apply to pilots (44:21) What other taxes can be offset? (50:40) What is a cost segregation study? (57:12) Charitable activities and tax benefits (01:04:05) How to connect with Toby or Anderson Business Advisors (01:07:53) Outro Connect with Toby Toby takes a deep dive into taxes at Spartan Investment Group: Tackling the Toughest Tax Questions of all Time! https://www.youtube.com/watch?v=GX8rFZSGeVc ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 20 Apr 2023 | #11 - How To Succeed In This High Interest Environment | 00:32:44 | |
Today on Passive Income Pilots, Tait and Ryan dive into their first one-on-one episode, offering a captivating overview of the current financial climate. They discuss skyrocketing interest rates and inflation, providing invaluable insights on staying ahead by leveraging interest arbitrage strategies and exploring the best investments for success. Discover how to navigate this environment and make informed financial decisions. Enjoy the show! Timestamped Show Notes (00:00) Intro (01:51) Quick history on how we got to the current financial situation (06:05) How to win in this environment? (09:00) The difference between 1-year, 3-year, and 5-year CDs (12:45) Interest arbitrage strategies (22:02) Buy your toys, but have your investment pay for it (24:20) Debt Fund with Spartan Investment Group (28:50) Redemption after 2 years (30:20) Understanding Loan-to-Value (LTV) (31:20) How to find out more about the Debt Fund (32:31) Outro ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 27 Apr 2023 | #13 - Clean Profits: Building a Laundromat Empire with Sam Wilson | 00:41:08 | |
On this episode of Passive Income Pilots, Tait interviews Sam Wilson, a seasoned real estate investor, entrepreneur, and host of the popular podcast "How to Scale Commercial Real Estate." With over a decade of experience in self-storage, parking, multifamily properties, single-family homes, RV resorts, and laundry facilities, Sam has a diverse background in real estate and business management. He specializes in acquiring and syndicating niche commercial assets that provide stable, cash-flowing returns. Sam shares his journey into real estate, from buying foreclosed homes to building a laundromat empire, offering valuable strategies for navigating depreciation, inflation, and creating recession-resistant businesses. Enjoy the show! Timestamped Show Notes (00:00) Intro (02:39) How Sam got into real estate (04:24) How foreclosed auctions work (07:33) Challenges of scaling single-family housing (09:27) Investing in parking lots and parking garages (16:26) The importance of skip-tracing in real estate (19:39) Building a laundromat empire (30:21) Strategies for consolidation (34:34) Understanding depreciation in real estate (37:49) Making a business inflation and recession-resistant (40:59) Outro Connect with Sam Podcast: How to Scale Commercial Real Estate LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre Website: https://brickeninvestmentgroup.com/ ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 02 May 2023 | #14 - Depreciation Demystified: Cost Segregation and Tax Savings in Real Estate with Toby Mathis | 01:03:26 | |
On this episode of Passive Income Pilots, Tait and Ryan welcome back Toby Mathis for an insightful discussion on depreciation and tax strategies for investors. Toby, a renowned attorney, investor, speaker, and bestselling author, is the founding partner of Anderson Business Advisors. Known for his expertise in business and real estate investing, Toby educates U.S. investors through his popular "Tax Tuesday" webinars. His book "Infinity Investing" is an Amazon bestseller and Global Book Award winner. Toby delves into depreciation, bonus depreciation, cost segregation, and tax-saving strategies, providing actionable insights for investors. Enjoy the show! Timestamped Show Notes (00:00) Intro (02:27) What is depreciation, and how does it work? (08:30) Why do you need a cost segregation study? (11:34) Understanding bonus depreciation (15:10) Restrictions on applying losses (19:59) Types of expenses you can write off (25:05) Cost segregation on an Airbnb to offset W2 income (30:02) What happens when you sell the property? (33:15) What is a cost segregation study? (36:20) Understanding passive capital gains (42:27) Wiping out taxes from previous years (45:05) What can you depreciate? (49:08) What happens when you want optionality? (53:05) Who can benefit from Anderson's services? (01:01:55) How to connect with Toby (01:03:15) Outro Connect with Toby ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 04 May 2023 | #15 - Why Commercial Real Estate Trumps Residential | 00:40:37 | |
Today on Passive Income Pilots, Tait and Ryan share their journey to creating $8M in equity with a storage facility. Ryan discusses his recent visit to his East Coast portfolio with the new president of FreeUp Storage. Tait delves into his real estate investing journey, comparing single-family and multifamily properties, and explains why commercial real estate is a lucrative investment. They cover key real estate investment terminologies and strategies, including cap rates, value-add deals, and syndication investments, providing essential insights for investors. Enjoy the show! Timestamped Show Notes (00:00) Intro (01:58) FreeUp Storage brought on a new president (04:39) Tait's first single-family investment (05:58) Multifamily investment insights (06:36) Understanding cap rates (13:03) Exploring value-add deals (21:55) Syndication investment explained (29:09) Difference between Turbine Capital and Spartan Investors (34:26) How can they promise high returns? (37:06) Unregistered vs. registered securities (38:47) How to learn more about syndication (39:58) Outro ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 09 May 2023 | #16 - Investing with Confidence: Asset Protection Strategies with Clint Coons | 00:49:57 | |
On this episode of Passive Income Pilots, Tait and Ryan interview Clint Coons, founding partner of Anderson Business Advisors, a legal and tax firm with over 450 employees. Clint, an expert in entity structuring for real estate investors, shares his extensive experience from acquiring over 200 properties. As an author and educator, Clint has published numerous resources on real estate investing and asset protection, including his book "Asset Protection for Real Estate Investors." In this episode, Clint provides invaluable insights on asset protection and LLC strategies to safeguard investments, including liability separation, LLC setup, and estate planning. He also covers tax returns with LLCs and the role of holding companies. Enjoy the show! Timestamped Show Notes (00:00) Intro (02:11) Brief overview of Anderson Business Advisors and Clint's expertise (04:30) Separating your liability exposure (07:23) Do you really need an LLC before you can start investing? (11:25) Structuring your investments and protection strategies (16:02) Where should you set up the LLC? (24:49) Wyoming LLC vs. Delaware LLC (26:51) Hire the right people to help you protect your investments (27:49) Common advice for pilots (31:31) What to do after setting up your living will and trust (34:41) Annual maintenance of your LLC (41:36) Tax returns, holding companies, and disregarded LLCs (48:45) How to find Clint (49:35) Outro Protect your investments today and stop unnecessary risks, and join the join the Real Estate Asset Protection Live Stream Workshop and Seminar ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 11 May 2023 | #17 - Mastering Real Estate Investing: Key Systems and Processes with Tarl Yarber | 00:59:18 | |
On this episode of Passive Income Pilots, Tait and Ryan interview Tarl Yarber, a seasoned real estate investor and CEO/Founder of Fixated Events, Fixated Capital, Fixated Funding, and The Limitless Expo. With over 600 single-family homes purchased, rehabbed, and re-sold, Tarl has transitioned from house flipping to mastering the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) investment model. As a leading contributor to BiggerPockets, Tarl shares his expertise in creating efficient real estate systems and scaling businesses. He discusses his journey into real estate, common mistakes new investors make, and practical strategies for finding and analyzing deals. Enjoy the show! Timestamped Show Notes (00:00) Intro (04:08) Tarl's backstory (08:43) Advice for someone thinking about investing (11:25) Best way to find a starter real estate property (14:41) Should you do it yourself? (16:42) Finding and analyzing deals (20:36) Recommended resources for qualifying deals (22:35) Working with real estate professionals (24:31) Finding and approaching closing agents (26:40) Business development reps (29:30) How to identify wholesale real estate (31:13) What's the worst thing that has happened? (36:50) Tarl's systems and processes (41:30) Method for making offers (45:47) Financing and business strategies (47:20) Tarl's events and meetups (54:37) BRRRR strategy (58:47) Outro Connect with Tarl ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 16 May 2023 | #18 - Credit Unions vs. Banks: Choosing the Right Financing Partner with Charles Krawitz | 01:06:59 | |
On this episode of Passive Income Pilots, Tait and Ryan interview Charles Krawitz, a financing industry veteran with over 30 years of experience. Charles has held leadership roles at ABN AMRO, KeyBank, and Fifth Third Bank and is currently the Senior Vice President, Chief Capital Markets Officer, and Head of Commercial Lending at Alliant Credit Union. He discusses the benefits of working with credit unions, yield maintenance, commercial real estate market trends, and the role of commercial mortgage brokers in securing optimal financing terms. Charles also shares insights on Alliant's due diligence process and the advantages of exclusive partnerships. Enjoy the show! Timestamped Show Notes (00:00) Intro (04:57) A brief history of the credit union and Charles' backstory (10:39) What's the difference between a bank and a credit union? (12:19) Why should you bank with a credit union? (17:44) Thomas' background (19:10) How Thomas figures in facilitating Spartan loans (22:01) Yield maintenance and the debt landscape (25:18) The advantage of working with a credit union (28:15) Transactional activities (29:40) The health of the commercial real estate market (32:15) Alliant's due diligence criteria and process (39:25) Working with commercial mortgage brokers (47:56) Benefits of exclusivity (49:05) How does a borrower qualify for a loan? (52:26) Common objections and how to overcome them (55:55) How much negotiation can you do? (57:11) Levers you can pull when negotiating for a loan (58:23) Loan docs and when you know the loan is final (1:06:04) How to connect with Charles (1:07:20) Outro ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 18 May 2023 | #19 - Invaluable Insights: ASAP Reports on Passive and Active Investment Deals | 00:34:12 | |
Today on Passive Income Pilots, Tait and Ryan share their candid experiences with passive and active investment deals. Inspired by the aviation industry's ASAP reports, they offer real-life lessons for pilots and investors. Ryan recounts his cautionary tale in real estate investing, while Tait discusses his blunders with his first passive deal. Together, they provide actionable advice and strategies to help listeners navigate their investment journey. Enjoy the show! (00:00) Intro (01:12) What is an ASAP report? (03:14) Ryan recommends listening to your wife and having a plan when investing (07:44) How Ryan does due diligence on a syndicator or operator (10:55) Tait's first passive deal (16:02) Interviewing referrals (20:07) Transitioning to commercial real estate investing (22:53) Legally avoid property tax increases (25:00) Dealing with contractors (34:00) Outro Resources Mentioned #9 - Demystifying IRAs: Transfers Vs. Rollovers with Carrie Cook The Tax Advantages of Being an Investor ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 23 May 2023 | #20 - The Economic Landscape, Recession, Investing, and the Impact of AI Technology with Neal Bawa | 01:08:58 | |
On this episode of Passive Income Pilots, Tait and Ryan interview Neal Bawa, CEO and Founder of UGro and Grocapitus, leading commercial real estate investment firms. Neal's expertise in real estate analytics has built a portfolio of over 4,800 units and $1 billion in assets under management. With a strong following among data-driven investors and over 1,000 five-star reviews on his Real Estate Data Analytics course on Udemy, Neal provides valuable insights into the economy's impact on the real estate industry, particularly the multifamily sector. He discusses the distress in multifamily syndication, navigating the current market, and evaluating reliable syndicators. Neal also explores public facilities corporations, tax-exempt entities, and the influence of AI on the economy, job losses, interest rates, and zoning laws. Enjoy the show! Timestamped Show Notes (00:00) Intro (03:00) State of the economy and the real estate industry (05:13) Why is multifamily in trouble? (09:59) The multifamily syndication market is in distress (11:58) It is a two-faced market (16:40) What were the indicators that made Neal slow down? (18:25) How to move forward from this situation? (23:08) Public facilities corporations and tax-exempt entities (25:38) Legislation in Texas about property taxes (26:29) Identifying syndicators to invest with in the upcoming market (29:54) What made 2022 a challenging year (31:48) What does the current economy mean for an airline pilot? (36:11) Why recessions are a good thing for the economy (37:28) AI's effect on the economy (40:03) What's exciting about AI? (46:50) Possibility of job losses (50:27) Why are interest rates going down? (53:40) Ultra-cheap BTR (built-to-rent) properties (56:12) Influence of zoning laws and federal mandates on manufactured housing (59:45) Outro ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. ... | |||
| 25 May 2023 | #21 - Flight Plan for Finances: Financial Planning and Strategies for Pilots with Jesse Reed | 00:54:55 | |
On this episode of Passive Income Pilots, Tait and Ryan interview CDR Jesse Reed, a distinguished Navy veteran and accomplished private wealth manager. Jesse graduated from the United States Naval Academy and served as an F/A-18C Hornet pilot, amassing 2,500 flight hours and 300 carrier landings. Transitioning to civilian life, he became a commercial pilot and a Certified Financial Planner, now working with Creative Planning. Jesse shares his journey from the Navy to the airline industry and finance, explaining how he assists pilots with financial planning, incorporating uncorrelated assets into investment portfolios. He provides real-life examples of pilots' financial situations and emphasizes the importance of understanding their goals and maintaining regular communication. Enjoy the show! Timestamped Show Notes (00:00) Intro (02:52) Jesse's life journey from the Navy, the airline industry, to financial planning (04:56) The Top Gun movie vs. real-life Top Gun (06:11) Experience as a Top Gun pilot (09:30) Transition to the airline industry (16:35) Following Plan B (18:31) How Jesse helps pilots with financial planning (24:08) Walkthrough of the process with Creative Planning (29:46) The vision behind Creative Planning (30:53) Financial planner vs. financial advisor (38:52) Incorporating real estate into a portfolio (42:18) Real-life examples of pilots' financial situations (45:19) Reflection on work-life balance ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 31 May 2023 | #22 - Economic Trends, Multifamily, Angel Investing, and Investment Strategies with J Scott | 00:55:28 | |
On this episode of Passive Income Pilots, Tait and Ryan interview J Scott, a renowned entrepreneur, investor, and co-host of The BiggerPockets Business Podcast. J shares his expertise in real estate, having accumulated a portfolio worth over $70 million through purchasing, building, rehabbing, selling, syndicating, and holding residential properties. As an accomplished author of four bestselling books on real estate investing, J provides invaluable insights into navigating the multifamily market amid the current economic landscape. He delves into the complexities of real estate syndication, multifamily deals, and draws parallels between real estate investing and angel investing, offering practical tips on rehabbing and effective investment strategies. Enjoy the show! Timestamped Show Notes (00:00) Intro (04:23) J's story (06:17) What's next for J and what fires him up (09:51) His view of the economic cycle (13:58) Lessons J wants to share about syndication (17:25) Complacency in investing as a syndicator (19:35) J's analysis of the Houston multifamily featured in a recent WSJ article (23:40) The decision-making process in J's company (25:23) Investing with other operators and asset classes (27:47) Real estate investing vs. angel investing (33:54) How J got into angel investing (35:57) Book recommendation on angel investing (40:58) Rehabbing strategy and cost estimation (45:49) Picking out and buying materials for rehabbing (48:21) What keeps J up at night (54:42) How to connect with J (55:12) Outro Connect with J LinkTree: http://connectwithjscott.com J’s books: https://amzn.to/3C6VdFz ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 01 Jun 2023 | #23 - Counting the Cost: The Risks and Rewards of 401(k) Loans for Pilots | 00:20:03 | |
Today on Passive Income Pilots, Tait and Ryan dive into the benefits and considerations of diversifying your investment portfolio to achieve long-term financial goals. They discuss the advantages and potential drawbacks of maximizing 401(k) contributions and explore 401(k) loan options, including loan limits, risks, and their impact on retirement savings. They share compelling examples of investors who took out 401(k) loans, examining their motivations, experiences, and lessons learned. Additionally, they touch on rolling over a 401(k) to a self-directed IRA. Enjoy the show! Timestamped Show Notes (00:00) Intro (01:21) Can you roll over your current 401(k) to a self-directed IRA? (02:27) Diversifying your portfolio (03:51) Maxing out your 401(k) (06:28) Exploring 401(k) loan options (10:31) Understanding loan limits and risks (15:24) Real-life examples of investors who took out 401(k) loans and their results (19:51) Outro Related Episode #9 - Demystifying IRAs: Transfers Vs. Rollovers with Carrie Cook ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 06 Jun 2023 | #24 - Passive Investing: Syndication 101 – Key Players, Documents, Due Diligence, and Liquidity | 00:54:29 | |
Today on Passive Income Pilots, Tait and Ryan dive deep into the world of syndication. They explore the crucial role of the preferred return in investment distributions and discuss the significance of fund of funds as intermediaries between limited partners and operators. They also shed light on operators' responsibilities in managing investment projects and highlight essential documents in syndication deals. Additionally, they tackle liquidity issues and emphasize the importance of the Private Placement Memorandum (PPM) and thorough due diligence for investor protection. Enjoy the show! Timestamped Show Notes (00:00) Intro (05:55) What is a syndication? (09:09) Understanding preferred return, GP, LP, and others (13:40) Turnkey investments for real estate (14:44) What is a KP (Key Principal)? (17:15) Non-recourse loans explained (18:10) The role of fund of funds in a syndication (22:05) What is an operator in real estate syndication? (23:13) Level of due diligence when investing through a fund (24:45) Essential documents you should expect in a syndication deal (28:01) Do you need to establish an LLC for syndication? (30:36) Understanding waterfalls and hurdles in syndication (36:10) How the operator decides when to pay investors (41:49) Checking the plan of distribution in the PPM (43:10) Registered and unregistered securities, and the exemption (50:40) The due diligence process for investor protection (54:12) Outro Resources Mentioned #16 - Investing with Confidence: Asset Protection Strategies with Clint Coons #6 - Transitioning from Active to Passive Investing and Diversifying Investments with Jeremy Roll Download your FREE copy of the "Passive Investing 101" e-book HERE Grab a FREE copy of the e-book “How to Evaluate a Sponsor” HERE ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 13 Jun 2023 | #25 - From US Navy Pilot to Real Estate Expert: Unpacking 1031 Exchanges and DSTs with Trevor Flor | 01:08:51 | |
On this episode of Passive Income Pilots, Tait and Ryan interview Trevor Flor, a seasoned real estate professional with extensive experience in residential and commercial transactions. A UC Santa Barbara graduate, Trevor founded his own brokerage firm and expanded into commercial real estate. With a background in underwriting over $1.5 billion in medical-related real estate and participating in over $200 million in transactions, Trevor's analytical skills are unmatched. A former Navy F-18 Super Hornet pilot and instructor, he holds an MBA from the University of North Carolina and an MS in Real Estate from Fordham University. At DAI Securities, LLC, Trevor specializes in due diligence for real estate investments and is an expert in 1031 exchanges, Qualified Opportunity Zones, and private syndications. He shares his journey from Navy pilot to real estate expert, explaining 1031 exchanges and Delaware Statutory Trusts (DSTs), their historical context, and their role in managing tax liabilities. Trevor also explores the evolution of syndication structures and the impact of the Securities Act. Enjoy the show! Timestamped Show Notes (00:00) Intro (03:32) Trevor's background in aviation, finance, and real estate syndication (11:22) Mitigating tax burdens through real estate ownership (15:58) Understanding a 1031 exchange (20:01) Three rules to identify properties in a 1031 exchange (22:58) What is a Delaware Statutory Trust (DST)? (25:27) Comparing TIC (Tenancy in Common) and DSTs: Benefits and limitations (34:02) Downsides of the DST structure (38:58) Understanding triple net leases (NNN) (43:32) What does "spring out" mean and when is it done? (46:59) Evaluating sponsors and DST offerings (48:58) Investing in and setting up a DST (53:22) Diversification strategies in DST investments (55:09) Cash investors and DST opportunities (59:57) Understanding additional basis in DST investments (1:02:43) Debt and the exchange equation in a 1031 exchange (1:07:43) How to connect with Trevor (1:08:17) Outro Connect with Trevor ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. | |||
| 15 Jun 2023 | #26 - Decoding Yield on Cost: Interpreting Numbers and Assessing Investment Risks and Returns | 00:20:05 | |
Today on Passive Income Pilots, Tait and Ryan dive into the concept of "yield on cost," highlighting its importance in evaluating investment returns. They provide a comprehensive guide on interpreting yield on cost numbers to help listeners make informed investment decisions. The episode covers common pitfalls during the lease-up period and offers strategies to mitigate risks and protect investments. Additionally, Tait and Ryan tackle the stigma surrounding development deals, debunking misconceptions and emphasizing the lucrative opportunities these projects can offer. Enjoy the show! Timestamped Show Notes (00:00) Intro (01:44) Understanding the risk spectrum in investments (03:14) What is yield on cost and why it matters (09:57) How to interpret yield on cost numbers effectively (12:28) Two ways investors can lose money during a lease-up period (14:59) Key factors in evaluating investment deals (16:28) The stigma around development deals and addressing misconceptions (19:56) Outro Related Episode #15 - Why Commercial Real Estate Trumps Residential ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 20 Jun 2023 | #27 - Commercial Construction Management: A Deep Dive Into Ground-Up Development with Aaron Saunders | 01:09:08 | |
On this episode of Passive Income Pilots, Ryan interviews Aaron Saunders, President of Spartan Construction Management. With over 15 years of construction leadership experience, Aaron has managed projects totaling over $150M, from single-family rentals to multifamily developments. He reveals the secrets to mitigating risk and ensuring success in developing a new self-storage project in Bellevue, Florida. Aaron discusses obtaining permits, navigating zoning complexities, building community relationships, and conducting thorough due diligence when purchasing land. He also shares insights on construction project management and contractor selection. This episode is a must-listen for anyone in real estate or construction. Enjoy the show! Timestamped Show Notes (00:00) Intro (06:45) Mitigating risks in construction entitlements (07:43) Cost of entitling a property before purchase (08:55) Understanding full entitlement in property development (10:56) What is an annexed property? (14:29) Importance of vetting the civil engineer (20:03) Getting a geotech analysis and conducting a survey (23:52) Conducting an environmental study for property development (28:47) Building permit risk management (31:51) Navigating local requirements for construction (33:38) Due diligence and property development risks (39:34) Understanding city requirements for development projects (42:26) Designing and budgeting for a self-storage facility (46:25) Master service agreement and AIA contracts (55:17) Choosing the right contractor for your project (1:03:53) Managing general conditions in construction projects ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 27 Jun 2023 | #28 - Real Estate Investing For Wealth And Purpose With The Right Mindset With Alex Felice | 00:52:55 | |
On this episode of Passive Income Pilots, Tait and Ryan interview Alex Felice, the creative director for the BetterLife podcast, real estate investor, and talented photographer. Alex, an Army veteran and globe traveler, shares his journey from financial struggle to success in the rental property market, inspired by the BiggerPockets podcast. He created the blog "Broke is a Choice" to help others achieve financial freedom through real estate. Alex discusses the benefits of real estate investing, such as steady cash flow and long-term stability, and emphasizes the importance of a supportive network, making sacrifices, and setting clear financial goals. Enjoy the show! Timestamped Show Notes (00:00) Intro (03:28) Alex Felice's background and journey to financial freedom (07:30) Key factors that helped Alex turn his life around (11:47) How Alex got started in real estate investing (13:56) Comparing stock investments and real estate: Why Alex chose real estate (17:20) Alex's perspective on the US economic system (20:22) What Alex would have done differently if he had initial capital (23:56) Tips on saving money and avoiding lifestyle creep (29:16) Alex's current projects and interests (33:55) Ryan shares a relatable story for listeners (37:20) Alex's favorite book: Antifragile by Nassim Nicholas Taleb (39:05) How Alex bought a house he couldn't afford and made a profit (42:00) The BRRR strategy: Buy, rehab, rent, refinance, and why it’s not ideal for pilots (44:01) Alex's current investment strategy (48:49) Alex's favorite book and investment philosophy (51:50) The benefits of attending conferences for success (52:26) How to find out more about Alex Felice (52:42) Outro Resources Mentioned #20 - The Economic Landscape, Recession, Investing, and the Impact of AI Technology with Neal Bawa Planet Money Summer School 2: Index Funds & The Bet ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 01 Aug 2023 | #30 - Investing in Commercial Real Estate and Analyzing Economic Indicators with John Chang | 01:01:01 | |
We are thrilled to have John Chang on this episode of Passive Income Pilots. As the National Director of Research Services for Marcus & Millichap, the leading commercial real estate brokerage in the U.S., John leads a team of 20 analysts to produce cutting-edge market forecasts. He speaks at over 50 conferences annually, sharing his deep expertise. Fresh from a recent Fed meeting, John delivers mind-blowing revelations about the state of the real estate market and the top investment opportunities in a 45-minute presentation with slides. Don't miss this game-changing episode, Watch it on our YouTube channel! Timestamped Show Notes (00:00) Intro (01:38) About John Chang, National Director of Research Services for Marcus & Millichap (03:39) Why you should invest in commercial real estate (11:51) The economic outlook, recession indicators, and key drivers of commercial real estate (16:57) Unemployment rates, labor shortage, and employment growth (21:26) The consumer price index, producer price index, core personal consumption expenditures, and the Federal Reserve (23:35) Bank shutdowns, bank reserves, and lending standards (26:27) CRE performance in different property types (43:14) The sales market in commercial real estate (49:38) The effect of rising interest rates and mortgages on commercial real estate (54:15) What John looks at when investing in commercial real estate (58:32) What property type John is bearish on (1:00:40) Outro Connect with Jonathan: LinkedIn: https://www.linkedin.com/in/johnchang/ Website: https://www.marcusmillichap.com/ ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 08 Aug 2023 | #31 - Discover Profitable Oil and Gas Investments and Expert Strategies with Ben Fraser | 00:44:21 | |
On this episode of Passive Income Pilots, Tait and Ryan interview Ben Fraser, Managing Director and CIO of Aspen Funds. Ben, an expert in alternative income investments, shares his extensive experience in the financial industry, including roles in commercial lending, credit underwriting, and energy infrastructure asset management. He played a significant role in expanding Tortoise Capital Advisors from $3BN to $7BN in institutional managed accounts. With an MBA from Azusa Pacific University and a B.S. in Finance from the University of Kansas, Ben discusses the economics of oil and gas, highlighting investment opportunities and the potential stability of demand despite the green energy movement. He explains the intricacies of oil and gas investing, including non-operated working interests and tax advantages, and provides insights into current investment opportunities through Turbine Capital. Enjoy the show! Timestamped Show Notes (00:00) Intro (02:21) About Ben and Aspen Funds (04:14) Understanding oil and gas macroeconomics (10:27) Dynamics between Big Oil and medium/small operators (13:22) Historical trends in investing in oil (18:09) Asset production lifespan in the oil industry (19:53) Environmental issues affecting oil and gas investments (23:10) Exploring oil and gas investment opportunities (30:30) Industry terms walkthrough for oil and gas (39:51) Investing with Aspen Funds through Turbine Capital (43:27) How to connect with Ben (43:58) Outro Connect with Ben: Podcast: https://www.thebillionairepodcast.com/ LinkedIn: https://www.linkedin.com/in/benwfraser/ ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 15 Aug 2023 | #32 - Tax Savvy Investing: The Power of Cost Segregation with Yonah Weiss | 01:00:15 | |
On this episode of Passive Income Pilots, Tait and Ryan interview Yonah Weiss, the #CostSegKing. Yonah is a renowned cost segregation expert, real estate investor, and host of the Weiss Advice podcast. With a background in teaching, Yonah educates property owners on saving millions in taxes through cost segregation. Featured on over 300 real estate podcasts, he shares insights on tax strategies, debunks misconceptions, and explains the evolution of cost segregation. Yonah discusses the importance of engineering knowledge in cost segregation, its impact on real estate investing, and navigating IRS regulations for real estate professional status. Enjoy the show! Timestamped Show Notes (00:00) Intro (07:54) What is cost segregation and how Yonah Weiss started with it (11:27) Brief history of cost segregation in real estate (13:31) Understanding straight-line depreciation and tax deductions (16:10) Applying cost segregation for a single-family home (19:00) Yonah Weiss's background and journey to becoming a cost segregation expert (23:38) Cost segregation for personal rental properties (27:12) Understanding non-bonus depreciation (29:09) Insights on bonus depreciation benefits (32:34) When it is not beneficial to conduct a cost segregation study (34:41) Qualifying for real estate professional status (38:24) Exceptions to the rule and leveraging loopholes (42:20) Deciding when to pursue a cost segregation study (43:54) Identifying properties eligible for a cost segregation study (46:19) Cost segregation on new purchases vs. adding capital improvements (49:43) Applying cost segregation to ground-up developments (50:36) Navigating a lower leverage environment (54:26) Appetite for depreciation among investors (56:07) One standout insight from Yonah Weiss (59:01) Where to find Yonah Weiss (1:00:02) Outro Resources Mentioned ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 22 Aug 2023 | #33 - Mortgages, Refinancing, and Home Buying with Expert David Temko | 00:51:37 | |
On this episode of Passive Income Pilots, Tait and Ryan interview David Temko, President of C2 Financial, the nation's leading mortgage broker. David leads a team of expert loan officers and has extensive experience in commercial loans, sales, leasing, and banking. He discusses the impact of rising interest rates on the housing market, the benefits of buying now, tax advantages, potential appreciation, and the critical role of mortgage brokers. David also covers refinancing, leveraging home equity, and the importance of local banks and credit unions. He emphasizes the enduring value of real estate and the necessity of informed decision-making with expert guidance. Enjoy the show! Timestamped Show Notes (00:00) Intro (02:58) Less inventory and homeowners staying put due to low interest rates (03:36) Shift from underdevelopment to infill and existing homes, then to commercial brokerage (09:07) Learning from experience and finding specialists in real estate (13:48) Analyzing the rent vs. buy decision and calculating costs (16:00) Long-term mortgage strategies and anticipated interest rate trends (18:29) The risk of rising interest rates and its impact (20:24) Costs of refinancing, and understanding interest rates and loan percentages (23:27) Utilizing HELOCs to consolidate debt and reduce interest rates (27:04) Blended interest rates, benefits in construction projects, and working with a mortgage broker (29:14) Uncertainty in banks and lending practices affecting loans (32:23) Importance of matching complexity with the right mortgage broker (34:18) Pre-approval vs. pre-qualification: What you need to know (36:22) Expertise and long-term experience in the mortgage business (39:02) Understanding the factors that affect mortgage rates (41:08) Potential impact of interest rate changes on housing demand (44:30) Affordability driving people out of California into metropolitan areas (47:23) Importance of local banks and small businesses in the economy (49:11) Empowering homeowners with knowledge and resources ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. | |||
| 29 Aug 2023 | #34 - Navigating Cash Balance Plans and Retirement for Airline and Corporate Pilots with Timothy Pope | 00:33:09 | |
On this episode of Passive Income Pilots, Tait and Ryan interview Timothy Pope, a Certified Financial Planner and GA pilot dedicated to serving professional pilots across America. With a Bachelor of Science degree from Wake Forest University, Tim brings extensive experience from his previous roles at a large investment management firm and a regional bank before starting his own practice in 2020. Tim excels at helping clients organize and optimize their financial lives through a straightforward planning process and an active, hands-on partnership that prioritizes their goals, dreams, and values. In this episode, Tim delves into the professional pilot industry, exploring current trends in compensation, benefits, and corporate operators. He also addresses retirement planning, age requirements, benefits, and the Highly Compensated Employee limit. Tim highlights the advantages of new cash balance plans introduced by some airlines, which offer promising opportunities for those nearing retirement. He concludes with an overview of his firm's comprehensive financial planning and wealth management approach, designed to help professional pilots achieve their best financial life. Enjoy the show! Timestamped Show Notes (00:00) Intro (03:04) Background on Timothy Pope and his financial planning practice (04:23) Exploring market-based cash balance plans for pilots (06:41) Cash balance plans among airlines and their tax deferral benefits (07:54) Challenges of losing control over investment selection (09:36) Company and union selection of money managers explained (15:32) Understanding tax implications and potential future savings (21:07) Disadvantages of limited control and lack of allocation flexibility in cash balance plans (23:27) Cash balance plans as an alternative retirement option for pilots (25:40) Positive developments in airline contracts and enhanced pilot benefits (27:27) How pilots can benefit from Timothy Pope's financial planning firm (28:35) Effective tax planning and strategizing with clients (31:14) How to connect with Timothy Pope for financial advice (32:40) Outro Connect with Tim Website: https://www.tpope.ceterainvestors.com/ LinkedIn: https://www.linkedin.com/in/timothyp-pope/ ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. | |||
| 05 Sep 2023 | #35 - Life Insurance Optimization and the Three-Pillar Investment Wealth-Building Strategy With Austin Dean | 00:37:27 | |
On this episode of Passive Income Pilots, Tait and Ryan interview Austin Dean, the founder and CEO of Waystone Advisors. With over a decade of experience in the financial industry and a degree in Business and Marketing from the University of Washington, Austin brings a wealth of knowledge to the table. As a seasoned financial advisor, he holds four designations that enable him to provide deep insights into various financial situations and the tools to navigate them. Austin passionately shares his expertise on leveraging life insurance as a stable asset, emphasizing the importance of diversification and a balanced investment approach. He delves into different types of life insurance policies, the strategic role of real estate in financial planning, and how Waystone Advisors integrates existing life insurance policies into comprehensive financial plans. Tune in to learn how to optimize your wealth-building strategies with Austin's innovative approach and global perspective. Enjoy the show! Timestamped Show Notes (00:00) Intro (03:31) Investing in real estate syndications: Strategies and benefits (05:00) The three pillars of wealth design: A comprehensive approach (07:26) Importance of structuring life insurance plans correctly for optimal benefits (10:06) Key considerations for funding timelines and cash availability (13:44) Leveraging whole life insurance as a powerful wealth-building tool (15:59) The power of non-market correlation in real estate investing and leveraging retirement accounts (21:36) Timing the jailbreak for tax flexibility and market opportunities (24:25) Pilot life insurance: Protecting vs. building wealth (26:53) Essential information for pilots interested in jailbreaking and retirement planning resources (28:33) How to reach Waynestone Advisors for expert guidance (29:24) Reviewing and optimizing existing life insurance policies for better returns (31:52) Fine-tuning investments for maximum efficiency and growth (34:30) The importance of managing emotions in investing for long-term success (37:15) Outro ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. | |||
| 12 Sep 2023 | #36 - Decoding the Untapped Potential and Complex World of Self-Directed IRAs with Derreck Long | 00:52:21 | |
On this episode of Passive Income Pilots, Tait and Ryan interview Derreck Long, a Senior IRA Specialist at Quest Trust Company. Quest Trust manages IRAs for alternative investments such as real estate, notes, oil and gas, and private placements. Derreck, a Self-Directed IRA and Solo 401K Expert since 2017 with a CISP from the American Banking Association, has spoken at hundreds of events nationwide and participated in lobbying efforts with Congress. He provides invaluable insights into self-directed IRAs, detailing ways to fund retirement accounts, contribution limits, and the process of rolling over a Thrift Savings Plan (TSP). Derreck also demystifies complex terms like Unrelated Debt-Financed Income (UDFI) and Unrelated Business Income Tax (UBIT), explaining their impact on IRA investments and potential tax implications. Additionally, he discusses the effect of new tax laws on custodian investments, offering expert advice to help navigate these changes. Enjoy the show! Timestamped Show Notes (00:00) Intro (01:31) Understanding self-directed IRAs and custodians (03:39) Comparing active employer funds vs. external funds (04:53) Eligible investments for an IRA (07:02) Strategies for getting money into a retirement account (10:46) Steps to setting up a self-directed IRA (12:18) Informing your old plan provider about your new self-directed IRA (14:52) Choosing the right custodian for self-directed investments (17:58) Specialized custodians for different types of investments (20:38) Contribution limits and consolidating retirement accounts (21:25) Rolling over a TSP to an IRA: What you need to know (23:10) Importance of due diligence and working with experts for IRAs (25:28) Personalized customer service and assistance with IRAs (29:24) Why some syndicators avoid IRAs due to plan asset regulations (33:53) Understanding how IRAs and depreciation work together (35:21) The history and impact of UDFI (37:34) Navigating UDFI, UBIT, and taxes for your IRA (41:18) Introduction to different types of retirement accounts (43:46) Choosing between a Roth IRA and a traditional IRA (45:14) Understanding custodian fees for self-directed IRAs (49:03) How to reach out to Derreck Long for more information (50:50) Outro Resources Mentioned #10 - Reduce Your Taxes & Maximize Returns Using PROVEN Investment Strategies with Toby Mathis ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. | |||
| 19 Sep 2023 | #37 - Empowering Insights and Strategies On Short-Term Rentals with Alex Jarbo | 00:32:52 | |
On this episode of Passive Income Pilots, Tait and Ryan dive into the dynamic world of short-term rentals with Alex Jarbo, the founder and CEO of Open Atlas Investments. Alex is a trailblazing entrepreneur revolutionizing the vacation rental and hospitality industry through innovative micro-resort developments. With a remarkable portfolio exceeding $10 million in unique short-term rentals, Alex shares his expert insights on how to unlock the full potential of this lucrative market. Discover the benefits and tax advantages of vacation rentals, and learn about effective underwriting strategies. Alex also delves into the nuances of regulations, themed properties, and the best distribution channels and software for managing your rentals. Plus, get tips on ensuring top-notch cleaning and security measures to keep your properties in peak condition. Tune in and elevate your understanding of the thriving short-term rental industry. Enjoy the show! Timestamped Show Notes (00:00) Intro (02:58) A brief background on Alex Jarbo, founder and CEO of Open Atlas Investments (07:30) What drew Alex to invest in short-term rental properties (10:12) Comparing short-term rentals, midterm rentals, and vacation rentals: Key differences (11:55) Navigating vacation rental regulations in different locations (15:52) Understanding vacation rental laws and hotel permits (18:49) Utilizing Airbnb for distribution and marketing strategy (20:09) Exploring property management software and understanding service fees (22:11) Tips for finding reliable cleaners for short-term rentals (24:00) Furnishing and creating themed short-term rental properties (26:44) Effective strategies for managing guest bookings and preventing parties (28:51) Handling schedule changes with your cleaning company (30:01) Syndicating short-term rental properties: Benefits and strategies (31:21) How to learn more about Alex Jarbo and Open Atlas Investments (32:45) Outro Resources Mentioned #10 - Reduce Your Taxes & Maximize Returns Using PROVEN Investment Strategies with Toby Mathis #14 - Depreciation Demystified: Cost Segregation and Tax Savings in Real Estate with Toby Mathis Connect with Alex Website: https://openatlas.investments/ ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. | |||
| 26 Sep 2023 | #38 - Exploring Real Estate Investing, Work-life Balance, and Personal Growth with Rich Fettke | 00:46:02 | |
On this episode of Passive Income Pilots, Tait and Ryan interview Rich Fettke. Rich Fettke is the co-founder of Real Wealth Network, where he oversees marketing and business development. He is a licensed real estate broker, experienced investor, and Master Certified Business Coach. Rich specializes in helping the team stay aligned and inspired to fulfill the company’s purpose, mission, and values. He has been featured in media outlets such as USA Today, Entrepreneur Magazine, and the Wall Street Journal. He is also an accomplished author with books like Extreme Success, Momentum, and The Wise Investor: A Modern Parable About Creating Financial Freedom and Living Your Best Life. Rich’s publisher, RDA Press, lists him as a Rich Dad Author and Wealth Mindset Expert. Rich shares that he focuses on lifestyle and not just numbers, cementing the idea that financial freedom is more than just about money. He discusses the importance of balance in life and investments, the role of coaches and mentors, and the concept of financial freedom. He discusses his personal investment strategies and his unique approach to personal growth. Rich also shared insights on real estate opportunities in specific markets and their investments. Enjoy the show! Timestamped Show Notes (00:00) Intro (03:06) Rich Fettke's journey into real estate investing success (07:52) Rich's first real estate deal: Lessons learned (10:44) The importance of life balance and achieving real wealth (13:17) Living a rich life beyond just financial gains (14:21) Strategies for balancing work and personal life effectively (18:29) How to strike the perfect work-life balance (20:46) The importance of health and practicing deep work (22:05) Setting identity-based goals and evaluating sacrifices for success (23:48) Aligning your goals with the person you want to become (27:37) What financial freedom truly means (31:00) Differences between retirement accounts and achieving financial freedom (32:16) The transformative power of coaching for personal and professional growth (36:18) The value of coaching beyond just business success (39:31) What Real Wealth Network is all about (42:50) The top 3 real estate markets Rich is investing in and other investment opportunities (45:43) Outro Resources Mentioned Real Estate News for Investors ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. | |||
| 03 Oct 2023 | #39 - Decoding College Costs and Complex College Savings Plans with Brad Baldridge | 00:51:16 | |
On this episode of Passive Income Pilots, Tait and Ryan interview Brad Baldridge. Brad Baldridge is a Certified Financial Planner™, College Funding Consultant, and chief podcaster at Taming the High Cost of College. He has many years of experience working with families in the college planning process, where he seeks to reduce their college costs significantly. Brad provides expert guidance, customized planning services, and insights on the latest tax, cash flow, and academic strategies. He specializes in helping students earn admission to their preferred school and realize their college dreams. Brad discusses the complexity of college planning, the impact of interest rates on loans, early-stage vs. late-stage planning, the cost of attending flagship public universities, and alternatives to traditional college education. He also talks about strategies for paying for college, including 529 plans and hiring children for tax benefits. He briefly discusses navigating divorce and college planning. Enjoy the show! Timestamped Show Notes (00:00) Intro (03:42) Introduction and background on college planning (06:36) Early-stage vs. late-stage college planning (08:04) Comparing public and private college costs (12:23) Introduction to 529 plans and their benefits (16:54) Trade school or flight school qualifications (18:20) Changing attitudes towards college requirements (20:56) Declining value and increasing cost of college education (25:57) Late-stage planners overlook the cost of education (28:23) Educate kids about the costs of college (31:04) Helping clients and college planning for upper-middle-income families (33:38) Real estate as a college planning strategy (36:13) Hiring kids for tax benefits in college planning and determining reasonable pay for kids working in a business (42:30) Navigating college planning for divorced couples and finding a fair solution (47:28) How to connect with Brad (48:52) Outro Connect with Brad Website: https://tamingthehighcostofcollege.com/ Website: https://bradbaldridge.com/ LinkedIn: https://www.linkedin.com/in/bradbaldridge/ ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. | |||
| 10 Oct 2023 | #40 - A Deep Dive Into Flight School Financing with Anthony Geraci | 00:51:38 | |
On this episode of Passive Income Pilots, Tait and Ryan interview Anthony Geraci. Anthony Geraci is the CEO of Stratus Financial. He is a serial entrepreneur with several successful companies and a results-driven CEO and Board Member. He is also a mentor to CEOs nationwide and a team builder who is passionate about company culture. Anthony Geraci, Esq., is also the CEO and a partner at Geraci, where he is responsible for firm strategy and development of Geraci’s team and culture. Anthony is skilled in mortgage lending and securities law and has authored numerous articles on real estate finance and security subjects. In 2018, he authored the book Earning Money While You Sleep. Anthony shares his insights on financing flight training and the benefits for aspiring pilots. He discusses alternative affordable options and highlights the flexibility in pilot training requirements. Anthony touches on loan rates, payment structures, and the platform's investment fund. He emphasizes their commitment to providing solutions and assistance to borrowers. Enjoy the show! Timestamped Show Notes (00:00) Intro (03:40) From attorney to pilot (06:47) Financing for aspiring aviators vs. later-in-life individuals (09:13) The current opportune time for pilot training (13:30) How to use Stratus to finance flight school (15:32) Flight school funding criteria and syllabus requirements (19:48) Flexible loan options based on creditworthiness and co-signers (27:19) Investment opportunities (30:48) Starting the fund and building a track record (37:05) Impact of single pilot system on pilot jobs (49:15) Aviation Mentors podcast (50:19) How to learn more about Stratus (51:07) Outro Connect with Anthony Website: https://stratus.finance/ LinkedIn: https://www.linkedin.com/company/stratus-financial/ LinkedIn: https://www.linkedin.com/in/anthony-geraci/ ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. ... | |||
| 17 Oct 2023 | #41 - Short-Term Rental Strategies To Maximize Your Passive Income with Dan Templin | 00:47:15 | |
On this episode of Passive Income Pilots, Tait and Ryan interview Dan Templin. Dan Templin is a real estate investor and coach in addition to being the owner of different small businesses. He manages real estate investments from top to bottom for his busy clients. Dan possesses an unwavering dedication to assisting investors in successfully establishing and operating their first Airbnb venture. Dan shares his journey into the short-term rental industry. He discusses his experience with rental arbitrage, building relationships with landlords, and the potential of short-term rentals. Dan also provides software recommendations and insights on managing rental units and automating the processes. He dives into these strategies and their impact on a successful short-term rental business. Enjoy the show! Timestamped Show Notes (00:00) Intro (02:53) Flipping houses and owning a bar (04:38) Profitability of short-term rentals (SRT) and learning from online courses (07:28) Furnishing and equipping short-term rentals (09:05) Potential lease violations and building a good landlord relationship (12:18) Market for short-term rentals beyond vacation rentals (15:03) AirDNA and Price Labs: Tools for pricing and market analysis (17:58) How to increase occupancy on SRTs (22:32) The challenges and benefits of direct booking (26:17) Streamlining guest communications with Hospitable (29:11) Ensuring guest safety with automated locks and security cameras (36:04) Cost-segregation (37:38) Building a team for property management (39:48) Writing booklets for business improvement (41:59) Automating and delegating tasks for efficiency (44:30) Setting rental duration based on property and market type (46:53) How to find out more about Dan (47:00) Outro Resources Mentioned #14 - Depreciation Demystified: Cost Segregation and Tax Savings in Real Estate with Toby Mathis ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. | |||
| 24 Oct 2023 | #42 - Real Estate Investing: Tax-Saving Strategies and Best Practices with Billy Withers | 00:54:41 | |
On this episode of Passive Income Pilots, Tait and Ryan interview Billy Withers. Billy Withers, EA, MT, is a financial expert and the owner of Summit Advanced Tax Strategy. He has helped hundreds of real estate investors and business owners organize their financial systems and reduce tax liabilities. With his expertise and the flexibility of a virtual firm, he provides prompt and effective service to ensure the growth and needs of his clients are met. Billy's experience in the field has made him an invaluable asset to those looking to maximize their profits while minimizing their tax liabilities. Billy talks about the intersection of taxes and real estate investments. He discusses optimizing tax situations, qualifying as a real estate professional, tracking deductions, and dealing with late filings. Billy emphasizes treating real estate investments as a business, gathering necessary documents, and working with a tax professional experienced in real estate matters to avoid problems and stay on top of taxes. Enjoy the show! Timestamped Show Notes (00:00) Intro (04:08) Billy's career journey and specialization in real estate taxes (05:52) The advantages of working with a tax strategist (07:51) Tax efficiency: planning for taxable events in real estate (11:31) What a tax strategist does (13:25) Advisory service fee structure and getting started (15:40) Quick hit opportunities, tax-advantaged strategies, and changes (22:42) Qualifying as a real estate professional and hour requirements (26:16) Keeping track of time spent as a real estate professional (28:38) Collaboration between spouses to qualify as real estate professionals (30:54) Caution against taking risks with material participation claims (32:04) Structuring LLCs for earned and passive income (34:13) Importance of tracking expenses and using dedicated accounts for real estate (40:45) The complexity and individuality of tax matters in real estate (43:57) Concerns about extending tax returns and K-1 forms (52:46) What is an enrolled agent (54:30) Outro Resources Mentioned #10 - Reduce Your Taxes & Maximize Returns Using PROVEN Investment Strategies with Toby Mathis #14 - Depreciation Demystified: Cost Segregation and Tax Savings in Real Estate with Toby Mathis ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. | |||
| 10 Nov 2023 | #43 - Exploring the Boom of Self-Storage and Its Investment Potential | 00:43:43 | |
Welcome back to another episode! Tait and Ryan talk about the lucrative world of commercial real estate investments, with a special focus on self-storage, a rising asset class rapidly gaining traction among investors. They discuss cap rates, why building is better than buying in the current market, underwriting self-storage, and rent growth. Enjoy the show! Timestamped Show Notes (00:00) Intro (03:34) What is a cap rate, and why does it matter (07:26) Real estate vs. stocks (08:54) Why invest in a ground-up development project (10:44) Why building is better than buying in the current market (12:47) Renters vs. buyers of self-storage (16:51) Market research before building self-storage (19:19) Why everybody wants storage (21:17) Why did Spartan Investor choose self-storage (26:18) Underwriting self-storage and rent growth (30:26) Challenges and opportunities in commercial real estate investments (36:15) Risks in ground-up development (39:19) Investment opportunities (43:24) Outro ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. ... | |||
| 06 Dec 2023 | #44 - Mastering Year-End Tax Strategies: From IRA Conversions to Short-Term Rental Loopholes | 00:39:28 | |
In this week’s episode of the Passive Income Pilots, Ryan and Tait take on another one-on-one conversation. They discuss various year-end tax strategies to maximize deductions and reduce tax liability. They also explore the short-term rental loophole as a tax strategy and discuss the benefits of cost segregation studies and bonus depreciation. Tait shares his experience of buying a property for short-term rental purposes. They discusses the tax write-offs and deductions of owning a rental property and highlights the financial benefits. Tune in and enjoy! Timestamped Show Notes (4:25) Maximizing retirement contributions (5:15) Using gains and losses strategically (7:22) Converting traditional IRA to Roth IRA and valuing IRA investments for conversion (13:20) Planning investments for the next year, extending tax returns, and preparing K-1s (16:06) Revaluating investments for depreciation (17:34) Year-end tax strategy: short-term rental loophole (27:52) Cost segregation study and bonus depreciation (36:38) The Stoke House: the overall experience (39:22) Outro ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. ... | |||
| 13 Dec 2023 | #45 - Path to Financial Freedom: Real Estate, Mentorship, and Personal Growth with Alan Underwood | 00:58:54 | |
On this episode of Passive Income Pilots, Tait and Ryan interview Alan Underwood. Momentum Capital Group co-founder Alan Underwood is a successful entrepreneur who found passive income in real estate after working in numerous businesses. Alan discusses his experience attending meetups, flipping properties, and developing a 90+ unit Arizona apartment complex. Alan describes his self-discovery that led him to prioritize mental and emotional health over business. Alan touched on the joys of flying and its therapeutic effects and encouraged everyone to pursue their passions. As a Command Pilot of Angel Flight West, he talked about the commendable work carried out by this non-profit organization, which provides free flights for people needing medical care. His work with them has allowed him to give back and make a difference in the lives of others, underscoring the importance of benevolence in pursuing financial freedom. Enjoy the show! Timestamped Show Notes (2:17) Alan's journey to financial freedom (7:46) His transition to real estate investments (12:35) Why people limit themselves (16:06) The absence of fear (26:22) The mindset of creating financial independence (32:06) How Alan found his network (40:50) What flying feels like to Alan (42:30) The mindset shift (53:20) Changing lives (57:34) Where to find Alan (58:36) Outro Connect with Alan: LinkedIn: https://www.linkedin.com/in/the-alan-underwood/ Company: https://bit.ly/3tg8KtH Facebook: https://www.facebook.com/alan.underwood.54 Website: https://angelflightwest.org/ ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. ... | |||
| 20 Dec 2023 | #46 - Investing in Oil, Gas, and Mineral Rights with Tax Advantages in Mind with Derreck Long | 00:46:29 | |
On this episode of Passive Income Pilots, Tait and Ryan interview Derreck Long. Derreck Long, a former Senior IRA Specialist at Quest Trust Company, recently joined Eckard Enterprises. Eckard Enterprises is a family-owned and operated alternative investment and asset management firm specializing in the U.S. oil and gas industry. Derreck became a Self-Directed IRA and Solo 401K Expert in 2017. He received a CISP from the American Banking Association, spoke at hundreds of events around the United States, and even participated in lobbying efforts with Congress. Derreck talks about how his transition from his role in self-directed IRAs to the energy sector reflects continuous learning and growth. He talks about the intricate process of drilling operations and the substantial tax deductions available to investors. He discusses the future of mineral rights ownership, likening it to real estate investment with the potential for an emerging secondary market. Derreck also touches on the legal intricacies, weighs in on political policies, and speculates on technological advancements that could revolutionize this niche. Enjoy the show! Timestamped Show Notes (0:00) Intro (3:15) How Derreck migrated to Eckard (5:14) How oil and gas investing works (14:49) How to earn from this investment (17:14) Tax write-offs (18:43) Owning mineral rights (25:56) Opportunities in the coming year (30:01) Tax benefit on royalty interest (34:45) Mineral rights investors (39:11) Downside of mineral investments (41:40) Owning the land but not the mineral rights (43:37) Resource or book recommendations (45:44) How to reach Derreck (46:17) Outro Connect with Derreck Website: https://eckardenterprises.com Phone: 832-840-1161 (send a text/SMS first) ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. ... | |||
| 06 Jan 2024 | #47 - Innovative Wealth Strategies: From Life Insurance to Alternative Investing with Christian Allen and Rod Zabriskie | 00:50:02 | |
On this episode of Passive Income Pilots, Tait and Ryan interview Christian Allen and Rod Zabriskie. Christian Allen and Rod Zabriskie from Money Insights Group join Tait in a riveting discussion about stepping off the beaten path of traditional investing and venturing into the world of max-funded cash value life insurance and real estate. They illustrate how the 'invest with benefits' philosophy caters to individual financial needs and integrates core wealth accumulation areas. Christian Allen, CEO of Money Insights, established the firm in 2014 to empower high-income earners to expedite wealth growth, refine investment strategies, and transition from high-income to high net worth. An advocate for entrepreneurship, he thrives on aiding others. Beyond finance, he finds joy in pickleball, sports spectating, and cherishing moments with his family. Rod Zabriskie is the Managing Partner and COO at a financial services firm. He has worked in the financial services industry since 2009, after spending a decade working in small businesses for others. Rod holds an MBA with an emphasis in entrepreneurship and an undergraduate degree in Marketing Communications. Enjoy the show! Timestamped Show Notes (0:00) Intro (4:40) Transitioning from traditional to alternative investment (7:28) How they started their business and the six core benefits (12:50) Whole life or universal life insurance (15:16) Borrowing against insurance policy vs. stock account (18:32) Utilizing cash value life insurance (20:43) IUL vs whole life insurance (31:45) How much cash flow do you need (36:08) Asset protection (41:50) Tax benefits (42:47) Finding the amount of passive income you need (48:52) How to connect with Christian and Rod (49:44) Outro Connect with Christian and Rod Website: https://moneyinsightsgroup.com Youtube: https://www.youtube.com/channel/UCW0fBokwg09-2H2kXWK5Zfw ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. ... | |||
| 20 Jan 2024 | #48 - Mastering Goal Setting and Strategic Planning in 2024 | 00:37:11 | |
Today on Passive Income Pilots is Tait & Ryan's one-on-one episode. Tait and Ryan peel back the curtain on personal goal setting that actually works. This episode isn't about the fluff but the nitty-gritty of mapping out a future that aligns with your deepest ambitions in family, business, and investing. We're talking about effective goal-setting, building habits, the art of strategic 'nos', and how a Big Hairy Audacious Goal can give you the laser-focus to cut through life's clutter. Tune in and gain a treasure trove of insights to help you design a future that brings your most ambitious dreams within reach. This isn't just a conversation; it's a blueprint for success in the year ahead. Timestamped Show Notes (0:00) Intro (2:53) Setting goals (5:10) Build a habit (8:56) The why (10:47) Buckets (11:59) Big hairy audacious goal (13:27) Live your life by design (17:00) The power of saying "No" (20:09) SMART goals (22:24) Lead measure vs. lag measure (23:56) Breakdown goals into chunks (29:18) Planning the year (31:39) Shared calendar (35:26) Talk about your wins (36:40) Outro Resource Mentioned Simplify your life with this habit tracker ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 31 Jan 2024 | #49 - Reflections & Revelations: A Look Back at our Favorite Episodes to Date | 00:20:52 | |
Today on Passive Income Pilots is Tait & Ryan's one-on-one episode. In this episode, Tait and Ryan reflect on past episodes and share insights on their favorites. Whether you're new to the show and would like to “catch up”, or a long time listener who could use a second listen to our most impactful episodes, this episode serves as a recap and calls out the most special episodes to scroll back for. Tune in for a look backwards, and a sneak peek of what's on the podcast's flight plan. Episodes mentioned: #2, #3, #6, #9, #10, #11, #13, #14, #27, #31, #32, #36, #41, #42, #43, #44, and #46 Timestamped Show Notes (4:47) Episodes 10 & 14 expert tax strategies (7:18) Episode 32, cost-seg and depreciation (8:57) Episodes 9 & 36, self-directed IRA investing (11:10)Episode 44, End-of-the-year tax tips (13:08) Episodes 42 & 41, short-term rental loophole and AirBNBs (16:38)Other episodes (17:51)The Self-storage industry (19:57)Future episodes (20:40)Outro ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 14 Feb 2024 | #50 - Real Estate Investing: Building Resilient Wealth and Financial Independence with David Phelps | 00:54:08 | |
On this episode of Passive Income Pilots, Tait and Ryan interview David Phelps. Dr. David Phelps, founder of Freedom Founders, spent 27 years as a former general dentist and business owner. His life took a significant turn when his daughter Jenna faced leukemia. This personal crisis prompted Dr. Phelps to reassess his priorities and shift his focus to what truly mattered: his family. Today, Dr. David Phelps advocates for a Plan B — a strategy he has employed and helped hundreds of dentists and practice owners implement. Instead of conforming to traditional retirement advice that expects individuals to accumulate millions of dollars, he champions an alternative approach and educates others about real estate investing and financial freedom. David shares that accumulating wealth is not merely about numbers; it's about constructing a life that allows for time with loved ones and personal well-being. He emphasizes the value of having a diversified portfolio and the importance of real estate as a stable asset class. Real estate investing served as the bedrock for David's financial independence, granting him the autonomy he needed when his daughter faced a life-threatening illness. David also talks about the Freedom Founders, the community he founded that empowers professionals to invest passively while securing their financial futures. Enjoy the show! Timestamped Show Notes (00:00) How David started investing (18:35) Teaching others to take control of their investments (24:25) The mission and vision behind Freedom Founders (29:25) Market cycle and financial planning (35:48) Understanding the capital stack: equity and debt (39:03) Understanding the risks of debt funds (49:36) What David learned in the last six months (53:08) How to connect with David (53:52) Outro Connect with David: Website: https://www.freedomfounders.com/ LinkedIn: https://www.linkedin.com/in/dgphelps/ Podcast: https://dentistfreedomblueprint.com/ ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. ... | |||
| 22 Oct 2024 | #81 - The Power of AI and Passive Income Strategies for Pilots with Jim Higgins | 00:45:51 | |
In this episode of Passive Income Pilots, hosts Tait Duryea and Ryan Gibson sit down with Jim Higgins, a former airline pilot turned co-founder and COO of a successful tech startup, Thread. Jim shares his unique journey, from negotiating contracts for American Eagle during 9/11 to leading a company that uses drones and AI for utility inspections. They discuss AI’s growing accessibility for building apps and businesses, the shift from pensions to defined contributions, and practical financial strategies for aspiring airline pilots. Jim also imparts key leadership lessons he learned in aviation and entrepreneurship. Jim Higgins is a University of North Dakota professor and the co-founder and Chief Operating Officer of Thread, a tech startup specializing in utility line inspections using drones and data analytics. With a background as a pilot, union leader, and tech entrepreneur, Jim brings knowledge on leadership, financial strategy, and the intersection of aviation and technology. His diverse experience provides valuable insights for airline professionals looking to diversify their careers and income streams. 🤝 Meet us in person on November 11th in Atlanta, GA. Space is limited, so be sure to RSVP: https://bit.ly/PassiveIncomePilotsATL112024. Show notes: (0:00) Intro (3:15) Leadership and financial lessons from 9/11 (5:30) Defined benefit vs. defined contribution explained (8:48) Portability of 401ks for pilots (10:44) Self-directed IRAs and investment strategies (14:36) Union perspective and contract negotiations (17:20) Health savings accounts (HSAs) and retirement (19:40) Teaching financial literacy to aspiring pilots (23:00) Time value of money and debt management (26:35) Building apps with AI and micro SaaS (33:35) Depreciating software for tax benefits (38:54) Leadership lessons applicable to aviation (43:47) Outro Check A.M. Best for insurance company ratings: Connect with Jim:
— You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. | |||
| 17 Dec 2024 | #89 - Air Traffic, Pilot Pay, and Airline Economics with A4A's Chief Economist John Heimlich | 00:41:04 | |
In this episode, Tait Duryea and Ryan Gibson sit down with John Heimlich, Chief Economist for Airlines for America (A4A), to unpack the challenges and wins shaping the airline industry. From air traffic control staffing shortages to the impact of pilot pay increases and aircraft delivery delays, John shares key insights into the state of U.S. airlines. He also discusses A4A's advocacy work and what the future holds for pilots and the broader aviation ecosystem. John Heimlich is the Vice President and Chief Economist for Airlines for America (A4A), the leading trade group for U.S. airlines. With over 20 years of experience in airline economics and energy policy, John has been instrumental in shaping strategies that support airline profitability, sustainability, and growth. Before joining A4A, he held financial planning roles at United Airlines. Show notes: (0:00) Intro (2:46) Who is John Heimlich and what does A4A do? (5:52) Big wins for the U.S. airline industry in 2024 (8:15) Air traffic control staffing challenges and solutions (12:38) Airspace capacity issues and delivery delays (18:03) Pilot pay increases and airline financial health (20:30) Revenue growth and sustainability of pilot contracts (24:20) Industry profitability: Historical context and current outlook (29:16) Political changes and their impact on airlines (38:26) John’s advice for pilots and the future of aviation (38:26) How to access A4A’s economic reports (39:00) Outro Connect with John Heimlich:
— You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Do you have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. | |||
| 16 Oct 2024 | #80 - Storm-Proofing Your Real Estate Investment with Jules Sneddon and Trevor Moss | 00:51:57 | |
Welcome back to another exciting episode of Passive Income Pilots! This week, Tait and Ryan talk with Jules Sneddon and Trevor Moss from the National Real Estate Insurance Group to explore everything you need to know about insuring your real estate investments. From protecting against storm damage to navigating the rising insurance costs in high-risk areas like Florida, Jules and Trevor break down the essentials. They share expert tips on choosing the right coverage, avoiding common pitfalls, and how to vet a reliable insurance carrier. Jules Sneddon is the Executive Vice President of Sales and Marketing at National Real Estate Insurance Group, with over 32 years of experience in the insurance industry. She is also a licensed real estate agent and soon-to-be broker. Jules is known for her expertise in helping real estate investors navigate complex insurance needs, ensuring they have the right portfolio coverage. Trevor Moss, the Director of Program Sales with 3.5 years at NREIG, is dedicated to ensuring investors are fully protected and educated about their insurance options. 🤝 Meet us in person on November 11th in Atlanta, GA. Space is limited, so be sure to RSVP: https://bit.ly/PassiveIncomePilotsATL112024. Show notes: (0:00) Intro (5:20) Why flood insurance is crucial in storm-prone areas (7:33) Impact of hurricanes on the insurance industry (10:28) How to vet a reliable insurance carrier (13:21) Red flags in property insurance policies (17:19) What is the National Real Estate Insurance Group? (19:35) Pros and cons of umbrella policies (26:30) Evaluating risk vs. reward in Florida property insurance (33:36) Choosing a higher deductible for a lower insurance cost (36:55) Up and coming in the real estate industry (41:10) Importance of documenting contents in rental properties (43:45) Business interruption and loss of rents insurance explained (46:31) Unusual claims and lessons learned (50:41) How to contact National Real Estate Insurance Group (51:22) Outro Check A.M. Best for insurance company ratings: https://web.ambest.com/home Connect with Jules and Trevor: Visit the NREIG website today: http://affiliate.nreig.com/PassiveIncomePilots Phone: 888-741-8454 Email: emoss@nreig.com (Trevor Moss) — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. | |||
| 03 Dec 2024 | #87 - The Mega Backdoor Roth and How Pilots Can Maximize Retirement Contributions with Timothy Pope | 00:50:41 | |
In this episode of Passive Income Pilots, Tait Duryea and Ryan Gibson welcome back financial expert Timothy Pope to unravel the complexities of retirement strategies for high-income professionals, focusing on the Mega Backdoor Roth. Timothy explains how this powerful tool allows pilots to contribute significantly more to their 401(k) accounts, unlocking tax-free growth opportunities. You will gain clarity on Roth vs. Traditional contributions, tax implications, and the strategic use of post-tax dollars. Whether you're a super-saver or exploring alternative investments, this episode is packed with actionable insights to help you take control of your financial future. Timothy Pope is a financial advisor specializing in retirement strategies and financial planning for pilots and high-income professionals. With extensive expertise in tax-advantaged investing and wealth management, Timothy brings clarity to complex financial topics like the Mega Backdoor Roth. He is the host of the Pilot Money Podcast and helps aviators navigate tailored financial solutions to achieve their investment goals and maximize their life's potential. Show notes: (0:00) Intro (5:29) What is the Mega Backdoor Roth? (8:53) Key tax strategies for high-income pilots (15:30) Airline 401(k) plans and post-tax contributions (18:51) Dissecting the Mega Backdoor Roth (24:15) Super-savers and retirement planning strategies (27:24) Retirement roadmap options for pilots (33:16) Maximizing the Mega Backdoor Roth (38:27) Pre-tax vs. Roth contributions (42:20) Threshold for a higher tax bracket (49:46) Outro Connect with Timothy Pope:
— You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Do you have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. | |||
| 23 Jul 2024 | #69 - Sky-High Returns: Discover Off-Market Real Estate Gems with Sean O'Toole | 00:40:39 | |
Welcome aboard another episode of Passive Income Pilots! This week, Tait and Ryan are joined by Sean O'Toole, PropertyRadar.com founder, to discuss how pilots can find and invest in off-market rental properties. Sean shares his insights on leveraging public records, innovative strategies for contacting property owners, and the benefits of seller financing. Whether you want to get hands-on with real estate or a passive approach, this episode offers valuable tactics for building a profitable rental property portfolio. Sean O'Toole, founder of PropertyRadar.com, is a seasoned real estate investor and tech entrepreneur. With a career spanning over 20 years, Sean has flipped 160 properties and owns commercial and industrial properties. He launched ForeclosureRadar.com in 2007, helping investors purchase billions in real estate during the foreclosure crisis. In 2012, he expanded his vision with PropertyRadar.com, empowering investors to find and buy off-market properties. Sean's unique blend of real estate expertise and technological acumen makes him a powerhouse in the industry, ready to share invaluable insights on finding and securing the best real estate deals. Enjoy the show! Show notes: (0:00) Intro (4:25) Sean O'Toole's background (6:20) Leveraging public records to find off-market deals (10:06) Identifying motivated sellers through distress signals (12:23) How to stay ahead when everyone has the same data (14:51) Innovative strategies for contacting property owners (19:31) Analyzing the current market conditions and foreclosure trends (24:52) Advanced strategies and off-market deals (29:28) Advice for airline pilots investing remotely (34:12) Overcoming analysis paralysis and taking action (36:19) How Sean uses PropertyRadar for his investments (37:36) Sean's flying experience (39:46) How to find Sean (40:20) Outro Resources Mentioned: Website: https://www.propertyradar.com LinkedIn: https://www.linkedin.com/in/seanotoole/ Twitter: https://twitter.com/seanotoole Facebook: https://www.facebook.com/PropertyRadar — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. | |||
| 19 Nov 2024 | #85 - Cost Segregation: The Tax Strategy You Can’t Afford to Ignore with Erik Oliver | 00:47:59 | |
Welcome back to another episode of Passive Income Pilots! In this episode of Passive Income Pilots, Tait Duryea and Ryan Gibson are joined by Erik Oliver, Vice President of Cost Segregation Authority, to dive deep into cost segregation. Erik explains how this tax strategy accelerates real estate depreciation, enabling investors to unlock substantial tax savings. He covers key topics like the benefits of reclassifying building components, qualifying short-term rentals for bonus depreciation, and retroactively applying cost segregation to past investments. Whether you're a seasoned investor or new to real estate, this episode offers actionable advice on how cost segregation can transform your tax strategy and maximize your returns. Erik Oliver is the Vice President of Cost Segregation Authority, specializing in helping real estate investors leverage cost segregation to reduce tax liabilities. Erik has guided clients across the U.S. in maximizing tax benefits through accelerated depreciation strategies. His expertise is making complex tax codes understandable and actionable, empowering investors to increase cash flow and build wealth. For more resources, including a FREE cost-seg quote, visit: https://costsegauthority.com/passiveincomepilots Show notes: (0:00) Intro (2:37) Erik’s journey into cost segregation (4:07) Understanding depreciation in real estate (7:16) How cost segregation studies accelerate depreciation (9:38) Tax advantages of short-term rentals and cost segregation (15:26) Real-world example: Tax savings from short-term rentals (19:52) Bonus depreciation and its impact on cost segregation (29:30) Retroactively applying cost segregation to past investments (33:19) Questions from the forum (45:53) How to connect with Erik (47:19) Outro Connect with Erik Oliver:
— You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Do you have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. | |||
| 12 Nov 2024 | #84 - Tax-Free Growth & Infinite Loans: Whole Life Insurance Strategies for High-Earners | 00:39:52 | |
Welcome back to another episode of Passive Income Pilots! In this episode, Tait Duryea hosts Rod Zabriskie and Brenyn McConnell from Money Insights to explore how whole life insurance can be a powerful investment tool. They discuss how pilots and high-income earners can use structured whole life policies to build tax-free growth and take policy loans for investments like real estate. You’ll learn how these policies offer a steady 5% return, liquidity for new investments, and options for legacy planning. Rod and Brenyn cover key policy structuring tips, like lump sum vs. monthly contributions, to help you create tax-efficient retirement income. Rod Zabriskie is the President of Money Insights, where he works directly with clients and leads the team in building a positive, client-focused environment. He began his career in financial services in 2009 after a decade in small business. Rod holds an MBA with an emphasis in entrepreneurship and a degree in Marketing Communications. He and his wife, Jodi, are the proud parents of seven children. Brenyn McConnell is a senior wealth strategist at Money Insights, specializing in high-cash-value life insurance to boost cash flow and tax benefits for high-income clients. A Utah Valley University graduate, Brenyn entered financial services in 2018 and joined Money Insights in 2020. He focuses on integrating life insurance with alternative investments, helping clients achieve financial growth and legacy goals through customized strategies. For more resources, including free consultation, visit Money Insights' dedicated page for Passive Income Pilots listeners and check out their recent webinar that illustrates investment strategies with whole life policies. Show notes: (0:00) Intro (01:24) Impact of recent Fed rate cut on investment strategies (03:18) Whole life insurance as a tool for passive income (04:30) Explanation of the Investment Optimizer concept (05:32) Benefits of tax-free growth and policy loans (10:09) How banks and corporations use similar strategies (14:43) Lump sum vs. monthly payments for funding policies (21:08) Deciding between real estate investment vs. life insurance funding (32:15) Using policies in retirement and legacy planning (39:01) Outro Connect with Money Insights: — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Do you have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. | |||
| 16 Jul 2024 | #68 - Cruising to Success: Optimizing Your Short-Term Rentals with Airbnb Insider Daniel Rusteen | 00:55:18 | |
Welcome to another exciting episode of Passive Income Pilots! This week, Tait and Ryan are joined by Daniel Rusteen, a former Airbnb employee turned short-term rental expert. Daniel shares his insider knowledge on optimizing Airbnb listings to maximize revenue. From selecting the perfect market to managing properties remotely, Daniel’s unique perspectives offer invaluable insights for anyone interested in the short-term rental game. Whether you’re an experienced host or just getting started, this episode is packed with tips to elevate your Airbnb business to new heights. Tune in to discover the secrets of becoming a top-rated host! Daniel Rusteen is a former Airbnb accountant. He is known for his expertise in short-term rentals, and his firsthand experience as a permanent Airbnb guest and property manager across various countries gives him a unique edge in the industry. Daniel is also a prolific author and super host, helping hosts worldwide optimize their Airbnb listings for maximum profitability. He joins the show to share his proven strategies for market analysis, property selection, and hospitality excellence, making him the go-to expert for aspiring Airbnb hosts. Enjoy the show! Show notes: (0:00) Intro (6:25) Daniel’s background and journey from Airbnb to property management (8:28) The difference between discovered and undiscovered markets (10:58) Key metrics for selecting the right market (13:55) Discussion on legislation and regulation impacts (20:22) Macro market analysis and micro-neighborhood specifics (23:44) Tips for designing and outfitting an Airbnb property (27:26) The importance of physically visiting the market (31:17) Strategies for obtaining top-tier reviews and managing guest expectations (34:45) The importance of hospitality in Airbnb hosting (46:11) Insights on optimizing Airbnb search rankings (51:13) Recommended software tools for Airbnb hosts (53:35) How to find Daniel (54:49) Outro Learn to be successful in any STR market and 4x your revenue with Daniel's Profitable Properties Program. To join, click here: https://bit.ly/3zFBkHz. Resources Mentioned: Book: Optimize Your BNB - https://optimizemyairbnb.com/product/optimize-your-airbnb-book/ Website: https://optimizemyairbnb.com/ — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. | |||
| 06 Aug 2024 | #71 - 5 Creative Ways To Find Investment Cash | 00:26:39 | |
Welcome back to another episode of Passive Income Pilots! Today, Tait and Ryan dive into five unconventional ways to unlock cash for your next investment. Whether leveraging home equity, rolling over an old 401k, or borrowing against your stock portfolio, this episode is packed with actionable strategies to help you soar to new financial heights. Tune in to discover how you can multiply your investment opportunities and optimize your financial toolkit. Plus, don't miss the details about our first-ever webinar featuring the experts on whole life insurance strategies. Get ready to elevate your passive income game! Enjoy the show! Show notes: (0:00) Intro (1:55) Market updates and recent debt market moves (5:05) Using a HELOC for investment capital (11:12) Importance of strategic financial resource use (15:43) Self-directed IRA and 401Ks (20:43) Leveraged stock accounts explained (23:21) Margin calls and investment strategies (25:30) Upcoming webinar details (26:23) Outro Unlock valuable insights. Register for the webinar here: https://bit.ly/4dw0Aid Resources Mentioned: #36 - Decoding the Untapped Potential and Complex World of Self-Directed IRAs with Derreck Long: https://bit.ly/4fJVbGi #23 - Counting the Cost: The Risks and Rewards of 401(k) Loans for Pilots: https://bit.ly/3Ab5PWa #47 - Innovative Wealth Strategies: From Life Insurance to Alternative Investing with Christian Allen and Rod Zabriskie: https://bit.ly/3yBjVzx #40 - A Deep Dive Into Flight School Financing with Anthony Geraci: https://bit.ly/4dAHBmJ — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. | |||
| 17 Sep 2024 | #77 - The Pilot's Flight Plan to Passive Income: Aircraft Leasing and Tax Benefits with Luke Lysen | 00:44:35 | |
Welcome back to another exciting episode of the Passive Income Pilots! Today, Tait and Ryan dive into the world of aircraft ownership, tax advantages, and leaseback strategies with guest Luke Lysen from The Flight Academy and Aerista. They explore how pilots and high-income earners can purchase an aircraft, rent it out to a flight school, and leverage tax benefits to offset costs, turning a passion for flying into a financially viable investment. If you've ever dreamt of owning an aircraft or are curious about the tax strategies that make it feasible, this episode is for you! Luke Lysen is the president of The Flight Academy, a boutique flight school specializing in Cirrus aircraft, and Cirrus SF50 Jet Sales Director at Aerista. With decades of experience in general aviation, Luke helps clients purchase, lease, and manage their aircraft while navigating the complexities of ownership and maximizing tax advantages. His hands-on approach and expertise in Cirrus aircraft make him a trusted advisor for pilots and aviation enthusiasts. Enjoy the show! Show notes: (0:00) Intro (2:00) Leaseback concept explained (7:28) The joys of general aviation (10:40) Leaseback program details (13:03) Bonus depreciation benefits (19:17) Reducing taxable income with aircraft (30:36) Aircraft financing options (40:12) Buying a Cirrus: timeline and process (44:06) How to connect with Luke (44:20) Outro Connect with Luke: Website: http://www.theflightacademy.com/ Website 2: http://www.aerista.com LinkedIn: https://www.linkedin.com/in/luke-lysen-90a5085a Instagram: https://www.instagram.com/cirruslifepilot/ | |||
| 02 Jul 2024 | #66 - Frequent Flyer Health Hacks from Special Forces Coach Alex Racey | 00:35:50 | |
In this episode we welcome special guest Alex Racey, a renowned personal performance coach with an extensive background in the military. The discussion focuses on the importance of maintaining physical and mental health, particularly for aviators, frequent flyers, and professionals who sit for long periods. Alex Racey, who served 25 years in the U.S. Army, shares his expertise on how to achieve overall well-being through practical advice on nutrition, exercise, and sleep. He also has a personal connection to the aviation world through his son, who is in training to become a pilot. Alex highlights the significance of consistent, small efforts over time to ensure long-term health and wellness. This episode provides valuable insights for anyone looking to improve their health and performance. Timestamped Show Notes(00:00) Introduction by Tait and Ryan; discussing the importance of motivation. (02:19) Introduction of guest Alex Racey, his military background, and transition to personal performance coaching. (03:52) Alex shares his personal experience and the significance of physical and mental health in achieving a fulfilled life. (04:25) Alex talks about his military background and transition to civilian life, emphasizing the importance of physical health. (07:07) Discussion on the challenges of maintaining physical health and tips for pilots on staying active during flights. (12:35) Nutrition tips for pilots; how to manage diet during long flights and trips. (15:16) Practical advice on making healthier food choices while traveling and eating at restaurants. (18:10) Importance of cumulative small efforts in physical fitness and overall health. (21:18) Discussion on the impact of sleep and the importance of a good sleep routine for mental health. (28:18) Overview of Alex's coaching methods and the types of clients he works with. (29:08) Tips for managing sleep during international flights and adjusting to different time zones. (30:04) Additional tips for maintaining health and wellness while traveling. (34:30) Conclusion and how to get in touch with Alex Racey for personal coaching. Resources Mentioned Connect with Alex Racey: Coffee’s Brewing Yoga Worksheet Matt Walker: Sleep Diplomat Podcast Fly safe and stay healthy! ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Have questions or want your physical copy of "Outlive" by Peter Attia? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. | |||
| 21 May 2024 | #60 - Cleared for Takeover: Collin Hathaway on the Boomer Business Buyout Boom | 00:53:06 | |
Welcome to another episode of Passive Income Pilots! This week, your hosts Tait Duryea and Ryan Gibson are thrilled to bring you an insightful conversation with private equity mogul Collin Hathaway of Skylight Capital, a seasoned entrepreneur specializing in business acquisitions. In this episode Collin shares his journey from buying his first plumbing company in 2008 to building a multi-million-dollar business empire. Discover how pilots can capitalize on the wave of baby boomers retiring and selling their high-cashflow blue-collar businesses. Whether you're looking to invest passively or actively take over a business, this episode is packed with valuable insights and practical advice. Timestamped Show Notes(00:00) - Introduction and welcome by Tait Duryea and Ryan Gibson. (06:00) - Meet Collin Hathaway: Background and journey in business acquisitions. (10:39) - Private Equity 101: Breakdown of private equity sectors and leveraged buyouts. (14:00) - The Blue-Collar Business Opportunity: Baby boomers retiring and market dynamics. (21:53) - Finding and Evaluating Businesses: Resources and initial evaluation tips. (25:46) - Conducting Due Diligence: Steps and practical advice on due diligence. (33:35) - Financing Your Acquisition: Options including SBA loans and seller financing. (37:36) - Day-to-Day Management: Transitioning ownership and managing operations. (44:00) - Building a Positive Company Culture: Importance and Collin's approach. (49:00) - Interviewing and Hiring Best Practices: Effective interviewing tips and resources. (50:57) - Fun Stories and Final Thoughts: Memorable stories and final advice from Collin. Referenced MaterialsWhat You Learn Acquiring 12 Home Service Companies From False Starts To $100MM+ in Revenue...TWICE Building a Recession Resistant Business #59 - The Silver Tsunami: Dwayne Clark on the Future of Senior Living Investments ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing. | |||
| 30 Jul 2024 | #70 - Leveraging Life Insurance for Passive Income with Rod Zabriskie and Blake Brogan | 00:44:42 | |
Welcome to another enlightening episode of Passive Income Pilots! Today, Tait and Ryan welcome Rod and Blake from Money Insights. Previously featured in episode 47, Rod and Blake are experts in leveraging life insurance for wealth-building. In this deep dive, we uncover how to use a specialized life insurance strategy to enhance investment returns, minimize taxes, and provide financial security for your family. This episode is packed with practical insights on optimizing cash flow, estate planning, and more. Tune in and learn how to elevate your financial game with these powerful strategies! Rod Zabriskie (President of Money Insights) and Blake Brogan (Wealth Strategist) are experts in advanced wealth-building strategies tailored for savvy investors. With years of experience helping clients optimize their investments using specialized life insurance policies, they bring a comprehensive understanding of creating financial security and maximizing returns. Money Insight's unique approach, the Investment Optimizer, has helped countless investors achieve their financial goals. Their expertise makes complex concepts easy to understand and implement, making them invaluable resources for anyone looking to enhance their economic strategy. Enjoy the show! For a free consultation with Rod and Blake, go to https://moneyinsightsgroup.com/pilots/ Show notes: (0:00) Intro (2:13) Improving the IRR on your investments (4:24) Detailed explanation of the Investment Optimizer (5:39) Comparison of term and whole life insurance (8:29) Tait discloses his policy details (10:45) Leveraging against policy for investments (14:20) Use in estate planning and generational wealth (17:30) Who should and shouldn't use this strategy (18:48) Should you always leverage your plan? (21:31) Switching providers and 1035 exchanges (22:44) When to start a policy for optimal benefits (24:56) Consultation process with Money Insights (30:03) Live webinar details (31:00) Example case study and benefits analysis (35:53) Most common question during consultations (39:54) Long-term care benefits within life insurance (43:59) Outro Resources Mentioned: Related Episode: #47 - Innovative Wealth Strategies: From Life Insurance to Alternative Investing with Christian Allen and Rod Zabriskie Website: https://moneyinsightsgroup.com Youtube: https://www.youtube.com/channel/UCW0fBokwg09-2H2kXWK5Zfw — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. | |||
| 23 Apr 2024 | #56 - Black Box Wealth: Earning Passive Income On The Blockchain with PIVX DAO Advisor Hans Koning | 00:43:31 | |
In this thought-provoking episode of Passive Income Pilots, we sit down with blockchain expert Hans Koning to navigate the complexities and opportunities within the blockchain landscape, especially in light of recent global events like the Bitcoin halving and rising geopolitical tensions. Hans shares his profound insights into how these factors influence the digital economy and illustrates practical methods for earning passive income through blockchain technologies such as staking in PIVX. Delve into discussions that not only shed light on the technical mechanics of cryptocurrencies but also explore the crucial role of decentralized autonomous organizations (DAOs) in democratizing capital. This episode provides a deep dive into how blockchain is reshaping financial paradigms by empowering individuals to manage and grow their wealth independently, paving the way for a more trust in a trustless world. Timestamped Show Notes: (00:00) Welcome and introduction of guest Hans Koning. (01:00) Hans’s background in technology and transition into blockchain. (02:00) Explanation of blockchain vs. traditional banking systems. (06:00) Benefits of Proof of Stake and its impact on energy efficiency. (08:00) Introduction to earning passive income through staking in PIVX. (10:00) Discussion on the role of DAOs in managing cryptocurrencies like PIVX. (15:00) Overview of zero knowledge proofs and their application in enhancing privacy. (18:00) How PIVX prioritizes privacy in its blockchain operations. (20:00) The potential future impact of blockchain in global finance and its integration into daily life. (25:00) Exploring the economic principles of PIVX and other cryptocurrencies. (30:00) The significance of community engagement in blockchain projects. (35:00) How DAOs operate and their influence on decentralized governance. (39:00) Closing thoughts from Hans on the importance of community and trust in blockchain. (43:00) Final remarks and episode wrap-up. Resources Mentioned: PIVX Official Website: PIVX.org PIVX Mobile Wallet: MyPIVXWallet.org PIVX Core Wallet: PIVX.org/downloads Recommended Book: The Blockchain and the New Architecture of Trust By Kevin Werbach ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. | |||
| 24 Dec 2024 | #90 - Balancing Flying, Business Ownership, and Financial Growth with Carl Valeri | 00:49:22 | |
In this action-packed episode of Passive Income Pilots, Tait Duryea and Ryan Gibson sit down with Carl Valeri, an airline captain and experienced entrepreneur, to share actionable strategies to balance a flying career with building a passive income. Carl dives into creative ways to start or buy a business, reduce your tax burden, and even transition to aviation from another career. You’ll hear inspiring stories of people who’ve turned hobbies into thriving businesses and learn how you can design your lifestyle for financial freedom. Carl Valeri is a captain with a major airline, a serial entrepreneur, and the Aviation Careers Podcast and Stuck Mic AvCast host. With a background in computer science and extensive experience running businesses, Carl specializes in helping individuals transition careers and build passive income streams. From lawn care to vending machines and aviation podcasts, Carl’s entrepreneurial ventures reflect his passion for learning and innovation. His coaching programs have empowered countless professionals to achieve their career and financial goals. Show notes: (0:00) Intro (1:51) Carl’s story: airline captain and entrepreneur (3:58) Early lessons from Carl’s first business (8:05) What passive income means (12:16) How to structure a pilot’s career for free time (15:57) Tax benefits you can unlock with a business (22:16) How to scale a successful business (25:20) Why buying an established business might work for you (34:15) Inspiring stories of career transitions (49:28) How to connect with Carl (47:00) Outro Connect with Carl Valeri:
— You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Do you have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. | |||
| 11 Jun 2024 | #63 - Keith Rosenkranz: The Delta Captain Who Chartered His Own Retirement Flight | 00:54:11 | |
In this special episode, we have the honor of flying with Keith Rosenkranz, the legendary Delta Captain who chartered his own retirement flight. Keith's incredible story has captivated the aviation community, and today, he shares the details of his epic farewell flight, his career journey, and his strategies for building a financially secure retirement. As a pilot, you're familiar with the importance of planning and precision, both in the cockpit and in your financial life. Keith's story is a testament to what’s possible with careful planning, disciplined investing, and a passion for aviation. Whether you're just starting your career or approaching retirement, this episode is packed with insights and inspiration to help you achieve your dreams. Tune in as we explore Keith's journey from a young aviation enthusiast to a Delta legend, his strategic investments, and the unforgettable retirement flight that has become a new standard for the industry. Timestamped Show Notes (00:07) Ryan’s Excitement: Heartwarming aviation retirement story (00:36) The Airline Pilot’s Dream Retirement (01:32) Keith’s Career Highlights: Military and Airline career (04:29) Journey to Becoming a Pilot: Military and ROTC (08:44) Achievements and Challenges: From military to Delta (11:00) Financial Wisdom: Navigating furloughs and investments (13:59) September 10th: Preparing for unforeseen events, advice from experienced pilots (18:00) Building Wealth: Financial strategies and diversification (22:37) Operating System: Financial discipline and planning (26:38) Financial Strategies: Minimizing debt and managing expenses (27:25) Chartering the Team USA A330neo: Planning the retirement flight (33:33) Water Cannon Salute: Emotional send-off at LAX (37:00) The Retirement Flight: Details and experiences (41:00) Memorable Moments: Final landing and celebrations (45:02) What’s Next: Keith’s plans for retirement (50:32) Advice for Young Pilots: Building a strong financial foundation (52:00) Closing Remarks: Gratitude and future plans ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com or record your question to be featured on the show HERE! Take 10% Off Your Next Uniform - Use code "PASSIVE" on checkout! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. | |||
| 08 Oct 2024 | #79 - From Cockpit to Space: On Grit, Leadership, and Space Travel with Col. Eileen Collins | 01:01:32 | |
Welcome back to another inspiring episode of Passive Income Pilots! In this episode, Tait and Ryan sit with Colonel Eileen Collins, the first woman to command a NASA space shuttle. Colonel Collins shares her incredible journey, from becoming a pilot to breaking barriers in space exploration. She dives into leadership lessons, risk management, and the challenges of balancing family life with her high-flying career. Whether you’re an aspiring astronaut, pilot, or leader, this episode is packed with valuable insights and motivational stories that inspire you to aim higher! Colonel Eileen Collins is a retired NASA astronaut and the first woman to command a space shuttle. With over 800 hours in space, she’s an aviation and space exploration trailblazer. Throughout her career, Collins broke barriers, serving as a U.S. Air Force test pilot and instructor before flying four space shuttle missions. In this episode, she shares her inspiring story of leadership, determination, and balancing family life with a high-risk career, offering invaluable lessons for anyone looking to reach new heights. 🤝 Meet us in person on November 11th in Atlanta, GA. Space is limited, so be sure to RSVP: https://bit.ly/PassiveIncomePilotsATL112024. Show notes: (0:00) Intro (3:17) Early flying interest and the path to becoming a pilot (4:50) Grit and determination to become an astronaut (7:48) Balancing space missions with family life (9:51) Reflection on the Columbia disaster and risk management (17:56) The thrill and intensity of a shuttle launch (25:37) Re-entry and adjusting to life back on Earth (30:31) Leadership lessons and insights (48:11) Future of commercial space travel and accessibility (53:07) The physics of shuttle re-entry (58:34) Closing thoughts and details on Collins' book and upcoming documentary (1:01:10) Outro Connect with Col. Collins: Book: Through the Glass Ceiling to the Stars: The Story of the First American Woman to Command a Space Mission - https://amzn.to/4eWIYwu LinkedIn: https://www.linkedin.com/in/eileen-collins-8a582351/ — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. | |||
| 14 May 2024 | #59 - The Silver Tsunami: Dwayne Clark on the Future of Senior Living Investments | 00:39:52 | |
Welcome to another episode of Passive Income Pilots, where we delve into the burgeoning world of assisted living investments. Join hosts Tate Duryea and Ryan Gibson as they discuss the impact of the demographic shift known as the "Silver Tsunami" with Dwayne Clark, founder of Aegis Living. Dwayne shares his extensive experience in building a premier brand in the senior housing industry and provides insights into the challenges and triumphs of caring for the aging population. Timestamped Show Notes: (00:00) - Introduction by Tate and Ryan, discussing the demographic trends boosting assisted living investments. (01:00) - Tate shares a personal story highlighting the immediate relevance of senior care. (02:00) - Ryan introduces Dwayne Clark, highlighting his accomplishments and the ethos of Aegis Living. (04:00) - Dwayne Clark joins the conversation, detailing his journey from the criminal justice field to senior housing. (05:00) - Discussion on the inception of Aegis Living and the challenges of funding and growing a business in senior housing. (07:00) - Dwayne reflects on the sacrifices made to establish Aegis Living, including personal financial risks. (10:00) - Exploring the demographic changes affecting senior housing and the concept of the "silver tsunami." (13:00) - Insights into the supply constraints in senior housing exacerbated by COVID-19 and its impacts on the market. (15:00) - Dwayne shares his philosophy on integrating community history and elements into the design of Aegis facilities. (17:00) - Detailed explanation of different types of senior living and care options available. (20:00) - Discussion on the investment aspects of senior housing and the importance of choosing the right management. (24:00) - Dwayne addresses how families can finance senior living through home equity and other means. (28:00) - Advice for individuals on how to discuss and plan for aging parents’ future care needs. (32:00) - Ryan and Tate reflect on the operational excellence at Aegis Living. (35:00) - Dwayne discusses the role of adversity in shaping his career and approach to senior living. (38:00) - Closing thoughts on the current economic climate and its effect on the real estate and senior living sectors. Resources Mentioned:
Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. | |||
| 18 Jun 2024 | #64 - Shark Tank Pilot Episode: Nick Friedman's College Hunks Hauling Junk | 00:39:39 | |
Welcome back to another episode of Passive Income Pilots! In this episode, Tait Duryea and Ryan Gibson sit down with Nick Friedman, co-founder of College Hunks Hauling Junk, who appeared on the pilot episode of Shark Tank. Nick shares his journey from starting a small moving and junk removal business in college to building a multi-million dollar franchise. Tune in to learn about the franchising process, the challenges and successes Nick faced, and valuable insights for aspiring franchise owners. Whether you're interested in franchising or simply looking for inspiring entrepreneurial stories, this episode is packed with valuable information. Timestamped Show Notes(00:00) - Welcome and introduction to guest Nick Friedman, co-founder of College Hunks Hauling Junk. (01:21) - Overview of Nick's achievements and his appearance on the pilot episode of Shark Tank. (02:35) - Nick discusses the origins of College Hunks Hauling Junk and the catchy company name. (03:49) - Nick's Shark Tank experience and the unique pitch of College Foxes Packing Boxes. (05:32) - Reflecting on turning down Robert Herjavec's offer and the long-term impact of Shark Tank. (06:19) - Importance of resilience, vision, and mentors in Nick’s entrepreneurial journey. (08:15) - Transitioning from self-employed to owning a business and creating scalable systems. (11:51) - Hiring the right people and developing a strong company culture. (14:09) - Embracing failure as a learning opportunity and promoting resilience. (16:05) - Advice for parents fostering an entrepreneurial mindset in children. (18:36) - The challenges of entrepreneurship and the importance of persistence. (20:29) - How pilots can get involved in franchising and the semi-passive nature of franchise ownership. (22:53) - Basic explanation of how franchises work and the responsibilities involved. (24:57) - Success rates of franchising versus starting an independent business. (26:21) - Introduction to FranShares for passive investment in franchises. (28:34) - Recommended resources for learning about franchising, including the IFA. (29:09) - Fun anecdotes from Nick's junk hauling experiences. (31:53) - The importance of a catchy brand name and effective marketing. (33:39) - Unpopular opinions about entrepreneurship and the importance of purpose. (35:16) - Future industry trends and the potential impact of artificial intelligence. (36:52) - Qualities needed for successful franchise ownership and importance of human dynamics. (38:53) - Closing remarks and thanks to Nick Friedman. Referenced MaterialsCollege Hunks Hauling Junk Franchise ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! Join our growing community on Facebook Check us out on Instagram @PassiveIncomePilots Follow us on X @IncomePilots Get our updates on LinkedIn Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! Legal Disclaimer The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. | |||
| 20 Aug 2024 | #73 - From Market Cycles to REITs: What Every Pilot Investor Should Know with Glenn R. Mueller, PhD | 00:47:29 | |
Welcome to another insightful episode of Passive Income Pilots! This week, Tait and Ryan are joined by Dr. Glenn Mueller, a seasoned economist and real estate professor with over 40 years of experience. Dr. Mueller explores the current economic landscape, the real estate market, and the fascinating REIT world. Whether you're curious about market cycles or looking to understand how to analyze REITs like a pro, this episode is packed with expert knowledge. Plus, stick around as Dr. Mueller reveals his daily go-to sources for staying ahead in real estate. Dr. Glenn Mueller is a highly esteemed economist and professor with 48 years of experience in the real estate industry, including 41 years of research. A PhD graduate from the University of Denver, Dr. Mueller is renowned for his expertise in real estate market cycle analysis, REITs, and securities. He has published over 100 articles and served as an advisor to major institutions like CalPERS. Dr. Mueller’s insights are invaluable for anyone looking to navigate the complexities of the real estate market. Enjoy the show! Show notes: (0:00) Intro (1:34) Dr. Glenn Mueller’s extensive background and expertise (4:42) Homeownership vs. income-producing real estate (6:58) Overview of real estate market cycles and property types (15:34) Analyzing REITs: Opportunities in the current market (19:53) How to assess REIT stocks using NAV (Net Asset Value) (23:21) What is a REIT, and how does it differ from private investments? (26:57) Advantages of publicly-traded REITs (30:17) Speculation in REITs vs. direct real estate investments (33:28) Dr. Mueller’s personal REIT investment strategies (37:00) Economic outlook and market predictions (39:46) The future of housing supply and demand (41:14) How industrial and retail sectors are adapting post-COVID (43:41) Dr. Mueller’s go-to daily sources for market insights (45:40) How to find Dr. Mueller’s work and resources (47:11) Outro Connect with Dr. Glenn R. Mueller: LinkedIn: https://www.linkedin.com/in/glenn-mueller-95401a12/ Website: https://educatedreitinvesting.com/ Resources Mentioned: Dr. Glenn Mueller’s Textbook: Educated REIT Investing on Amazon - https://amzn.to/3WVtWQx Dr. Mueller’s Market Cycle Reports: University of Denver Burns School - https://daniels.du.edu/burns-school Nareit Daily REIT News: Nareit Website - https://www.reit.com/ Vanguard REIT ETF (VNQ): Vanguard VNQ - https://investor.vanguard.com/etf/profile/VNQ Pension Real Estate Association (PREA): PREA Website - https://www.prea.org/ CBRE Research and Reports: https://www.cbre.com/research-and-reports JLL Research: https://www.us.jll.com/en/trends-and-insights — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. | |||