Passive Income Pilots

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 PilotsBe 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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] 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.

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 DevathaFollow 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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] 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.

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 MentionedConnect With Kathy: Real Wealth NetworkFederal Reserve of St. Louis Money SupplyHow to Conduct Due Diligence on an Investment WebinarGet Featured On The Show!: passiveincomepilots.com/question ---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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] 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.

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 WilliamsResources Mentioned:Velocity1031.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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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 LoRussoExplore Ramos Law AviationFollow @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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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) OutroConnect 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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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....

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 #46Timestamped 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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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) OutroResource MentionedSimplify 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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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) OutroConnect with Christian and RodWebsite: 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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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....

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) OutroConnect with DerreckWebsite: https://eckardenterprises.comPhone: 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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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....

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) OutroConnect 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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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....

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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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....

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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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....

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) OutroResources 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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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) OutroResources 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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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) OutroConnect with AnthonyWebsite: 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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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....

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) OutroConnect with BradWebsite: 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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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) OutroResources MentionedReal Estate News for InvestorsThe Real Wealth Show---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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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) OutroResources 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 AlexWebsite: 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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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) OutroResources 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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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) OutroConnect with TimWebsite: 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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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) OutroResources Mentioned Podcast: Weiss Advice ---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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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) OutroConnect 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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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) OutroConnect 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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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) OutroResources 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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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) OutroRelated 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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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) OutroConnect with TrevorLinkedIn---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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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) OutroResources Mentioned#16 - Investing with Confidence: Asset Protection Strategies with Clint Coons#6 - Transitioning from Active to Passive Investing and Diversifying Investments with Jeremy RollDownload your FREE copy of the "Passive Investing 101" e-book HEREGrab 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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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) OutroRelated 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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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) OutroConnect with JLinkTree: 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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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....

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) OutroResources Mentioned#9 - Demystifying IRAs: Transfers Vs. Rollovers with Carrie CookThe 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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] 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.

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) OutroConnect with TarlInstagramLinkedIn---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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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) OutroProtect 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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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) OutroConnect with TobyAndersonAdvisors.com  TobyMathis.comYoutubeTax Tuesdays ---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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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) OutroConnect with Sam Podcast: How to Scale Commercial Real EstateLinkedIn: 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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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) OutroConnect with TobyAndersonAdvisors.com TobyMathis.com YoutubeTax TuesdayToby 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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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/CarrieCarrie talking about IRAs: Self-Directed Retirement Account Investing with Carrie CookConnect with CarrieCall: 888-990-7892Email: [email protected]: www.preferredtrustcompany.com X: X.com/preferred_trust Podcast---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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] 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.

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) OutroConnect with BenX (Personal): https://twitter.com/BenJorgensenX (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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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) OutroConnect with Adam UhanEmail: [email protected]: 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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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 JeremyConnect with Jeremy RollEmail: [email protected] DisclaimerThe 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.

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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.

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 FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at [email protected] See you on the next one!Legal DisclaimerThe 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.