Passive Income Pilots

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.

On this episode of Passive Income Pilots, Tait and Ryan interview Austin "Strobes" Hulbert, a highly accomplished aviator and entrepreneur. Born into an aviation family, Austin naturally pursued a career as a pilot, graduating from the United States Naval Academy in 2005 and earning an M.A. in Security Studies from Georgetown University shortly after. As an F/A-18 Hornet and Super Hornet pilot, Austin completed a deployment on the USS Enterprise and served as a flight instructor. After his active duty tour, he obtained an M.B.A. from Harvard and worked for several financial companies before founding Talos Company, which focuses on acquiring and expanding high-potential businesses. Austin shares how overcoming a family tragedy shaped his outlook on life and propelled him to achieve success. He emphasizes the importance of discipline, mindset shifts, and sticking to financial basics. Austin's journey and insights are truly inspiring for the flying community. Enjoy the show!Timestamped Show Notes(00:21) Intro(02:00) Tait and Ryan provide clarity on terminology used in the interview(04:10) Austin's background(07:00) What is life like on an aircraft carrier?(11:53) What Austin misses about living on an aircraft carrier(13:05) What would he never do again(14:20) Flying story as an instructor(17:36) The Good Friday Miracle(19:51) A transformative time in Austin's life and what got him through it(26:40) How Austin started his financial literacy journey(31:39) What it means when he says to stick to the basics in finance(33:28) Importance of knowing how your portfolio is performing(35:10) Working with those who have your best interests in mind(37:45) Building success through discipline and mindset shifts(41:32) Austin's advice for aspiring pilots and entrepreneurs(45:18) Outro---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Remember to subscribe for more insights at PassiveIncomePilots.com!Join our growing community on 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 special episode of Passive Income Pilots, Tait and Ryan delve into the recent collapse of Silicon Valley Bank (SVB) on March 10, 2023—the second-largest bank collapse in United States history. Triggered by a run on deposits and a lack of new capital, SVB's downfall sent shockwaves through the banking industry, raising concerns about the financial sector's stability. As a favored institution among founders and tech companies, SVB's collapse had significant implications. Tune in to learn what this event means for pilots and how to safeguard your finances. Enjoy the show!Timestamped Show Notes(00:00) Intro(00:30) Tait and Ryan explain the purpose of this special episode(01:31) SVB's explosive growth(04:15) Exploring the impact on pilots(05:18) Where's the exposure?(08:01) Thoughts on FDIC stepping in and the affected businesses(10:26) Fractional reserve banking system(12:24) Understanding bonds(16:03) What fixed it?(20:10) Outro---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Remember to subscribe for more insights at PassiveIncomePilots.com!Join our growing community on 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 Brandon Bruckman, an investment advisor and RIA with Insight Advisors. Brandon specializes in helping clients invest passively in Delaware Statutory Trusts (DSTs), 1031 exchanges, and Opportunity Zone (OZ) funds. With a diverse background in financial services, logistics, pharmaceuticals, and hedge funds, Brandon brings a wealth of knowledge and experience to the table. He shares insights on structuring the sale of real estate to defer taxes, providing creative solutions for investors with highly appreciated assets. Brandon's expertise helps clients achieve tax-deferred status and improve their overall lifestyle. Enjoy the show!Timestamped Show Notes(00:25) Intro(02:19) Tait and Ryan provide clarity on DSTs, 1031 exchanges, and OZ funds prior to the interview(04:37) Brandon Bruckman’s bio(05:42) Ryan introduces Brandon(07:43) Clients' options for getting tax-deferred(10:40) The three pain points they are solving for clients(12:32) Deep dive into 1031s(13:58) The process of getting tax-deferred when doing a 1031 Exchange(15:38) Assisting accidental investors with finding a CPA(18:01) Due diligence on vetting investors and Brandon's background(23:08) What is their firm's role?(24:00) What is an Opportunity Zone?(25:05) The difference between a 1031 Exchange and an Opportunity Zone(26:23) When is the tax bill due?(33:33) Will you see how funds are performing before jumping in?(36:15) What are their firm's other offerings?(38:30) OutroConnect with Brandon BruckmanEmail: [email protected]: https://www.linkedin.com/in/brandonbruckman/Brandon Bruckman: Exit Strategies & 1031 Exchanges ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Remember to subscribe for more insights at PassiveIncomePilots.com!Join our growing community on 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 the first episode of Passive Income Pilots, Tait and Ryan interview Guy Adami, the original member of CNBC’s “Fast Money” and Director of Advisor Advocacy at Private Advisor Group. With a background in hedge fund management and key leadership roles at Drexel Burnham Lambert, Goldman Sachs, and CIBC World Markets, Adami offers expert insights on finance, interest rates, and inflation. He critiques the Federal Reserve’s policies and provides strategies for navigating the stock market and creating passive income. Learn how to prepare for financial success in 2023. Enjoy the show!Timestamped Show Notes(00:00) Intro(00:21) Tait and Ryan introduce Guy Adami(02:19) Tait and Ryan provide clarity on ESG and REITs prior to the interview(06:13) What are Guy’s thoughts on a market crash?(08:20) Fed's interest rate policy and its impact on the market(09:41) Inflation and the impact on the markets(13:34) Cash on the sidelines(16:21) How can pilots position themselves for success in 2023?(19:46) Examining the impact of ESG on the Energy Industry(23:07) Inflation and interest rates(26:12) Examining the impact of fed policy on wealth inequality(32:09) How do we win in a low-interest rate environment?(42:14) What was the biggest surprise Adami had in 2022?(49:37) Adami’s outlook on publicly-traded REITs(53:47) What’s in his personal portfolio?(55:34) Any Ironman events planned for 2023?(57:10) OutroConnect with Guy Adami:X: @guyadamihttps://www.cnbc.com/guy-adami/---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Remember to subscribe for more insights at PassiveIncomePilots.com!Join our growing community on 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.

Welcome to the highly-anticipated debut episode of Passive Income Pilots, the ultimate platform for aviators seeking to explore the world of finance, real estate, and investing. After years of friendship, planning and preparation, Tait Duryea (Turbine Capital) and Ryan Gibson (Spartan Investment Group) are thrilled to finally unveil their groundbreaking show. In this episode, hosts Tait and Ryan delve into the genesis of Passive Income Pilots, and share their individual and collective excitement and vision for the show. With a combined 30 years experience in the airline industry and even more time researching and investing in real estate, the hosts are excited to share their investment knowledge with those seeking to learn the ropes and create passive income.  In listening to this episode, you will hear their deep passion for general aviation and flying as they share how and why they became pilots. You will also learn why they got into real estate investing and their current investment strategies of choice. They wrap up the episode by talking about their roadmap for the show, the type of guests they interview, and the strategy they use to vet those guests. Whether you're a seasoned pilot or simply curious about passive income strategies, this podcast is designed to equip you with the knowledge and skills you need to elevate your financial literacy and build generational wealth. Enjoy the show!Timestamped Show Notes(00:00) Ryan and Tait share their excitement for launching their podcast(01:02) Ryan’s background in aviation(03:22) The start of Ryan’s company, Spartan Investment Group(04:44) Vision for the show(05:09) Tait’s background in aviation and real estate investing(06:30) The start of Tait’s company, Turbine Capital(08:11) Ryan and Tait share what they love to fly(08:59) Roadmap and goals for the show(11:39) Request for listeners(12:13) OutroRemember 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.