Shows
Passive Income Pilots#126 - Early Real Estate Mistakes and Lessons LearnedWhat separates pilots who want to invest from those who actually succeed? In this episode, Tait Duryea and Ryan Gibson share the real stories behind their first deals, the mistakes they made, and the lessons that still guide them today. From disastrous single-family rentals to managing multifamily properties, they explain why failure is often the best teacher and why no one should try to “lone wolf” their way through real estate.They also highlight the power of networking and why being “in the arena” matters more than sitting on the sidel...
2025-09-1833 minPassive Income Pilots#125 - Oil & Gas Investing for High-Income Pilots with Mark FlemingCan oil and gas really be a smart play for high-income professionals? In this episode, Tait Duryea and Ryan Gibson sit down with Mark Fleming, petroleum engineer and Turbine Capital’s oil & gas advisor, to break it down. From the basics of how drilling works to the tax advantages that can offset W2 income, you’ll learn the realities of this often-misunderstood industry. The conversation covers political risk, environmental concerns, portfolio allocation, and many more. Whether you’re curious about non-op partnerships, cashflow timing, or long-term energy trends, this episode gives you the insider perspective every pilot-investor needs.Mark...
2025-09-0252 minPassive Income Pilots#124 - $44 Trillion and the Future of Retirement Investing with Mat SorensenTait Duryea and Ryan Gibson welcome Mat Sorensen, CEO of Directed IRA, for a powerful discussion on how pilots and high-income professionals can unlock private investment opportunities through retirement accounts. From self-directed IRAs to Solo Ks, Mat explains the mechanics of rolling over old 401(k)s, navigating recent regulatory changes, and tapping into lucrative private markets that were once out of reach. Mat Sorensen is the CEO of Directed IRA and Directed Trust Company, where he oversees thousands of self-directed retirement accounts including IRAs, Roth IRAs, HSAs, and Solo 401(k)s. He is also a...
2025-08-2650 minPassive Income Pilots#123 - Market Cycles, Debt, and Real Estate Opportunities with Hunter ThompsonIs now the right time to buy real estate or to hold cash? In this episode, Tait Duryea and Ryan Gibson sit down with Hunter Thompson, founder of Asym Capital and host of Cash Flow Connections, to unpack today’s real estate market. They cover cycles, debt structures, the COVID impact, rising interest rates, and why current distress is more about financing than fundamentals. Whether you’re an LP wondering how to vet a deal or a high-income professional looking for the next big move, this conversation offers clarity on where we stand in 2025 and w...
2025-08-1949 min
Turbine Capital Private PodcastTurbine Capital Annual Shareholder Event 2025Tait Duryea hosts Turbine Capital’s 2025 Annual Shareholder Event, reflecting on the firm’s most successful year to date. With Brittney Atiburcio and guest advisor Mark Fleming, the team shares company growth, portfolio performance across 30 active deals, and insights into today’s economic reset. They also share updates on multifamily, industrial, and energy opportunities, plus news on an executive order that could open 401k access to private equity. Discover why Turbine is doubling down on oil and gas, how Buddy Bidding expands access, and what to expect from upcoming offerings.Show notes:(0:00) Intro(3:29) Meet the Turbin...
2025-08-191h 22Turbine Capital Private PodcastHangar Talk August 2025: Houston, Tempe, and the 2025 Oil & Gas Fund ExplainedTait Duryea and the Turbine Capital team break down key investor updates, starting with the fast-approaching August 15th subscription deadline for the Houston storage deal. Hear about Azara Tempe, a 56-unit multifamily near ASU with strong occupancy, solid returns, and significant depreciation benefits. Then meet Mark Fleming, Turbine Capital’s new oil and gas advisor, as he outlines the reduced risk, upfront cash flow, and 80–85% W-2 tax benefits of the upcoming 2025 Oil & Gas Fund. Mark Fleming is a petroleum engineer with over 20 years of experience at Chevron, Hess, and in the financial sector evaluating oil and gas portf...
2025-08-1427 minTurbine Capital Private PodcastHangar Talk July 2025: Oil & Gas Tax StrategiesTait Duryea welcomes Nathan Sosa for the first guest appearance of the Hangar Talk series to break down one of the most powerful and misunderstood tax advantages available to high-income earners: oil and gas investing. They unpack how working interests can offset W-2 income, why structure matters, and how the upcoming Iron Horse Energy Fund is designed to maximize benefits while managing risk. You’ll hear how diversification across 100+ wells, partnerships with top-tier operators, and smart fund structuring can deliver both strong cash flow and extraordinary tax efficiency. Nathan Sosa, Manager of National Tax at Hall CPA, adv...
2025-08-1329 minTurbine Capital Private PodcastHangar Talk June 2025: Cashflow, Capital, and SplitsWhat do “7% preferred return” and “70/30 split” actually mean for your investment? In this Hangar Talk episode, Tait Duryea breaks down how cashflow and waterfalls work in GP-LP real estate deals. Using relatable rental property examples, he explains preferred returns, equity multiples, liquidity events, capital account reductions, and the tax treatment of distributions. You’ll learn how GP–LP structures align incentives, when projections hold up (and when they don’t), and how refinancing can return your capital while keeping you in the deal. Show notes:(0:00) Intro(01:21) Year-one cashflow on $100K investment(02:29) Deals that pay monthly...
2025-08-1329 minPassive Income Pilots#122 - How Pilots Use Whole Life Insurance to Fund Investments with Rod ZabriskieWhat if your life insurance could help you invest without selling a single asset?Tait Duryea and Ryan Gibson welcome back Rod Zabriskie of Money Insights to demystify how whole life insurance can be used as a wealth-building tool. They break down the differences between term and whole life, how cash value grows, and why this strategy avoids risks like margin calls. You’ll hear how pilots are using these policies to fund real estate, reduce taxes, and create a perpetual source of investment capital.Rod Zabriskie, president of th...
2025-08-1249 minTurbine Capital Private PodcastHouston Storage: Why This Deal Stands OutWhat makes a deal boring, and why might that be a good thing? In this episode of the Turbine Capital Private Podcast, Ryan Gibson joins Tait Duryea for a candid conversation about their latest Houston acquisition and why it may be the strongest deal they’ve done to date. With $30M already committed and closing set for late August, Tait Duryea and Ryan Gibson break down why this off-market, mom-and-pop portfolio could outperform riskier development deals. At 84% occupancy with major marketing and management upgrades ahead, this Houston acquisition is built for growth. If you’re lookin...
2025-08-0710 minTurbine Capital Private PodcastWelcome to the Turbine Capital Private PodcastWelcome to the launch of the Turbine Capital Private Podcast, your insider track to everything happening at Turbine, from deal flow to strategy, directly from the source. Host Tait Duryea introduces the platform, and he is joined by Jon Yost and TJ Johnson, who share their aviation backgrounds, personal investing journeys, and key roles within the firm. Whether you’re looking to diversify beyond mutual funds or curious about how Turbine vets deals across asset classes, this intro sets the tone for what’s to come. Get ready to learn how pilots like you are reclaiming financial control through alte...
2025-08-0508 minPassive Income Pilots#121 - Short-Term Rentals, Long-Term Wealth with Pilot Couple Brad Hilton and Aubrey CarlsonWhat if your first home turned into your first big win? Tait Duryea and Ryan Gibson welcome Brad Hilton and Aubrey Carlson, a powerhouse pilot couple who turned a VA loan into a cash-flowing real estate business. From renovating a dated beach house to designing destination-worthy cabins in Julian, CA, Brad and Aubrey break down how they scaled a short-term rental empire—without any formal training. Learn how they source properties, design for ROI, automate operations, and balance business with marriage. This episode is packed with real-world strategies, software hacks, and tax tips for pil...
2025-08-0554 minPassive Income Pilots#120 - How to Evaluate Markets, Properties, and Risks in Real Estate with Derrick HarrisWhat separates a solid real estate deal from a costly mistake? In this episode, hosts Tait Duryea and Ryan Gibson welcome Derrick Harris, SVP at Spartan Investment Group, to walk us through the real-world process of evaluating markets, properties, and operational risks. With a portfolio that spans millions of square feet, Derrick shares what works, what doesn’t, and what every investor should know, whether you're going passive or managing properties yourself. From feasibility studies and due diligence to team dynamics and tough lessons learned, this is your inside look at how pros protect investments and build real value....
2025-07-2900 minPassive Income Pilots#119 - LLCs, Trusts, and Bulletproof Asset Protection with Adam KintighWhat if your rental property is a lawsuit away from costing you everything? Tait Duryea connects with asset protection expert Adam Kintigh of Nevada Corporate Headquarters to break down what every investor should know about shielding wealth. From piercing the corporate veil to choosing between LLCs and real estate privacy trusts, this episode covers real risks, smarter structures, and how to avoid costly mistakes. Adam Kintigh is an asset protection strategist with over 24 years of experience, currently with Nevada Corporate Headquarters (NCH). He specializes in forming entities, estate planning, ta...
2025-07-1753 minPassive Income Pilots#118 - The Big Beautiful Tax Bill with Nathan SosaGet ready to demystify the 2025 Tax Bill.Hosts Tait Duryea and Ryan Gibson sit down with Nathan Sosa, tax strategist at Hall CPA, to uncover what this sweeping legislation really means for pilots and high-income earners. From the return of 100% bonus depreciation to new deductions for auto loans and overtime, Nathan breaks down exactly who benefits and how. Whether you're building passive income or just want to keep more of what you earn, this is required listening.Nathan Sosa is a Certified Public Accountant (CPA) with Hall CPA, a...
2025-07-1148 minPassive Income Pilots#117 - How to Evaluate and Join Real Estate SyndicationsEver wonder what happens when you invest in a syndication? In this episode, hosts Tait Duryea and Ryan Gibson break down how real estate syndications work, from deal sourcing and underwriting to legal docs, fees, and investor returns. Learn how passive investors get access to large-scale deals, what to look for in a sponsor, and what happens after you wire the funds. If you're considering a syndication, this is your essential primer.Show notes:(0:00) Intro(03:11) Why syndications open new doors(05:02) What is a real estate syndication?(07:20...
2025-07-0243 minPassive Income Pilots#116 - Medical Checkride: Medical Myths, Truths, and Tips with Dan MonluxWhat could cost you your flying career? Not being prepared for your medical. Hosts Tait Duryea and Ryan Gibson welcome back Dan Monlux of Wingman Med to discuss how pilots can protect their FAA medical certificates. Dan breaks down what happens during a medical exam, the importance of primary care, and why early detection matters. This is a must-listen for pilots over 40 and anyone serious about staying in the skies.Dan Monlux is a retired Navy F-18 pilot and dual-trained physician in family and aerospace medicine. As co-founder of W...
2025-06-2455 minPassive Income Pilots#115 - Inside Self-Storage: A Hidden Powerhouse for InvestorsGet ready to uncover the secrets of one of commercial real estate’s most resilient and misunderstood asset classes: self-storage. In this in-depth episode, Tait Duryea and Ryan Gibson explore why self-storage continues to outperform in uncertain times, how millennials are transforming storage use, and what makes it such a powerful wealth vehicle for passive investors. They share personal stories, break down tenant behavior, explain how to boost NOI with tenant insurance, and demystify cap rates and value creation. Plus, hear about their upcoming Houston tour where you can walk properties and learn the strategy firsthand....
2025-06-1750 minPassive Income Pilots#114 - Trusts, Taxes & Transfers: What Every Investor Should Know with Amanda WynaldaIn this episode, hosts Tait Duryea and Ryan Gibson sit down with attorney Amanda Wynalda from Anderson Advisors to unpack everything pilots and high-income earners need to know about trusts, wills, and asset protection. From revocable vs. irrevocable trusts to layering LLCs and avoiding the due-on-sale clause, this episode is a blueprint for protecting your wealth while staying legally compliant. Amanda Wynalda is a licensed attorney and executive at Anderson Business Advisors, where she leads the land trust and deed department. With a background in tax law, estate planning, and a personal history in a...
2025-06-1059 minPassive Income Pilots#113 - The Fed, The Treasury, and Your Portfolio with Dr. Peter LinnemanIn this episode, hosts Tait Duryea and Ryan Gibson talk with chief economist Dr. Peter Linneman to demystify interest rates, the national deficit, and how it all affects pilots, real estate investors, and entrepreneurs. Discover why U.S. debt may not be the threat it’s made out to be, how capital flows drive values, and what most people get wrong about inflation and treasury yields. They also unpack commercial real estate's current cycle, the impact of bonus depreciation, and why now might be the smartest time to invest if you know where to look....
2025-06-0353 minPassive Income Pilots#112 - The Tax Strategies Every Pilot Should Know in 2025 with Thomas CastelliIn this episode, Tait Duryea and Ryan Gibson welcome CPA Thomas Castelli of Hall CPA to break down the latest tax developments affecting high-income earners. From the potential return of 100% bonus depreciation to how the real estate professional status works in practice, Tom shares key strategies to help you keep more of what you earn. Whether you're flying the line or growing your rental portfolio, this episode delivers practical advice for optimizing deductions, structuring entities, and deciding when to hire a pro vs. going DIY.Thomas Castelli is a CPA and partner at Hall...
2025-05-2747 minPassive Income Pilots#111 - Five Investing Strategies for High-Earning PilotsGet ready to fast-track your financial freedom. In this power-packed solo episode, Tait Duryea and Ryan Gibson share the top strategies from over 110 episodes of Passive Income Pilots. From unlocking hidden cash in your 401(k) and home equity to leveraging life insurance and short-term rentals for major tax breaks, they distill years of pilot-specific investing wisdom into five key pillars. You’ll learn about real estate professional status, cost segregation, bonus depreciation, syndications, and which CPA you need. Whether you’re just starting or optimizing your path to passive income, this episode is your blueprint.Sh...
2025-05-2244 minPassive Income Pilots#110 - The IRA Club Advantage: The Self-Directed IRA Strategy for Pilots with Ramez FakhouryIn this episode, hosts Tait Duryea and Ryan Gibson welcome Ramez Fakhoury from IRA Club. This episode dives into how pilots can unlock old 401(k)s, TSPs, and HSAs for real estate and other alternative investments. Hear a detailed story of a Southwest pilot transitioning to American Airlines and learn what decisions made the biggest impact. Whether you're changing airlines or just seeking better returns, this episode is packed with actionable insights.Ramez Fakhoury is the Vice President of IRA Club, a leading self-directed IRA custodian. With a background in hospitality and entrepreneurship, Ramez...
2025-05-1354 minPassive Income Pilots#109 - The Flight Plan for Syndications: Risk, Returns, and Real WealthIn this episode, hosts Tait Duryea and Ryan Gibson deliver an in-depth, pilot-friendly primer on syndications and passive real estate investing. They break down the risk spectrum from core to opportunistic deals, while sharing real-world analogies and experiences from their own projects, like the Canyon City land entitlement. Learn how to properly evaluate risk-adjusted returns, the importance of DSCR vs LTV, and what preferred return really means in a syndication waterfall. This episode is a must-listen for high-income professionals looking to navigate passive investing with clarity and confidence.Show n...
2025-05-0639 minPassive Income Pilots#108 - Case Study: Real Estate Professional Status That Held Up in Court with Brandon HallIn this episode, Tait Duryea flies solo to spotlight a powerful tax strategy many high-income earners overlook: real estate professional status. Featuring Brandon Hall from Hall CPA, this episode breaks down a real tax court victory by a harbor pilot who leveraged a flexible W-2 job schedule to claim REP status and unlock massive tax savings. Discover the legal requirements, the importance of documentation, and how pilots are uniquely positioned to take advantage of this IRS loophole—a must-listen for anyone serious about turning real estate into real tax strategy.Brandon Hall is a CP...
2025-04-3021 minPassive Income Pilots#107 - Take Control of Your Capital: Infinite Banking Strategy With Brent KeslerHost Tait Duryea sits down with Brent Kesler, a seasoned life insurance strategist, to explore how pilots and high-income earners can build wealth by turning whole life insurance into a personal banking system. Brent breaks down the misunderstood "infinite banking" concept and how it can be used for real estate, debt payoff, or high-return lending—all while keeping control of your capital. Brent Kesler is a former chiropractor turned financial educator specializing in life insurance strategies. After implementing the infinite banking concept in his own life, Brent transitioned to teaching others how to build wea...
2025-04-2238 minPassive Income Pilots#106 – Time Freedom and Cash Strategies with Brian HerriotHosts Tait Duryea and Ryan Gibson welcome financial strategist Brian Herriot for a thought-provoking conversation on redefining retirement and wealth. Explore the power of time freedom, why cash might be your most underappreciated asset, and how to build passive income streams that work for pilots and professionals alike. Brian shares practical tactics for holding liquidity, investing for lifestyle flexibility, and balancing entrepreneurship with financial security. Discover a fresh framework for achieving more life long before 65.Brian Herriot is a financial advisor and founder of Herriot Business Consulting, where he specializes in guiding entrepreneurs and...
2025-04-1539 minPassive Income Pilots#105 - Buying and Building a Profitable Aviation Business with James SpearmanIn this episode, Tait Duryea and Ryan Gibson are joined by James Spearman, owner of Spearman Aircraft and Iconic Rides. James walks through his journey of acquiring and scaling an aircraft maintenance business through seller financing, boosting its value through streamlined systems and strategic marketing. He shares the mindset and steps that helped him turn a struggling shop into a seven-figure operation while positioning it for future passive income or a high-multiple exit. If you've ever considered buying a business, this episode is packed with tactical insights.James Spearman is a military-trained pilot, licensed...
2025-04-0846 minPassive Income Pilots#104 - Active vs. Passive: Storage Strategies from the Flight Deck with Michael MeylorIn this episode, Tait Duryea and Ryan Gibson sit down with Michael Meylor, a seasoned pilot and self-storage investor who has built an impressive portfolio without raising outside capital. Michael shares how he transitioned from military to commercial flying, how he and his wife started investing in single-family rentals, and why they pivoted to commercial self-storage. The episode covers everything from identifying the right-sized deals to financing with SBA loans, and even touches on family involvement, tax strategies, and the realities of active vs. passive investing.Michael Meylor is a major airline pilot and...
2025-04-0149 minPassive Income Pilots#103 - Multifamily Mastery: Building Cashflow and Legacy with Gino BarbaroIn this episode, Tait Duryea welcomes Gino Barbaro of Jake & Gino to unpack the mindset and mechanics behind building lasting wealth through multifamily real estate. Gino shares his journey from running a family restaurant to becoming a real estate investor with over 1,800 units. They explore topics like values-based decision-making, creating "happy money," the strategic use of whole life insurance for real estate investing, and how to teach financial stewardship to the next generation. This episode is a must-listen for high-income professionals looking to build freedom and legacy through smart investing.Gino Barbaro is a...
2025-03-2545 minPassive Income Pilots#102 - Creating True Passive Income Through Note Investing with Tom ForceIn this episode, Tait Duryea and Ryan Gibson sit down with retired airline captain and seasoned investor Tom Force to discuss a real estate strategy many overlook—note investing. They cover tax strategies, risk management, and how to get started in note investing. If you’re tired of tenant headaches and want to invest like a bank, this episode is for you.Tom Force, a retired airline pilot and real estate investor, found financial freedom through note investing. After years in rentals and development, he shifted to this truly passive strategy. Now, through Note Club...
2025-03-1849 minPassive Income Pilots#101 - Airbnb for Aircraft: Hangar Investing & Aviation Real Estate with Trenton RayHangar space is in short supply, but Trenton Ray is changing that. In this episode, Tait Duryea and Ryan Gibson chat with Trenton about Hangar Direct, his platform that’s like Airbnb for hangars—making it easier for pilots to find and rent space. They dive into the supply shortage, investment potential, and what to know about leasing, financing, or building a hangar. Trenton Ray is a corporate pilot and aviation entrepreneur based in Austin, Texas. With experience flying various private and corporate jets, he saw firsthand the challenges pilots face in securing hangar space...
2025-03-1141 minPassive Income Pilots#100 - Getting to Know Tait & RyanIn this special 100th episode of Passive Income Pilots, Tait Duryea and Ryan Gibson take listeners behind the scenes of the podcast, sharing how it all started and what goes into creating each episode. They also dive into their personal journeys in aviation, investing, and entrepreneurship. From buying their first rental properties to scaling multi-million-dollar real estate portfolios, they discuss lessons learned, investment strategies, and what’s next for the market. Plus, they break down key economic trends, the impact of inflation, and why 2025 may be one of the best buying opportunities in real estate....
2025-03-0451 minPassive Income Pilots#99 - Turnkey Real Estate: Passive or Problematic? A Deep Dive with Zach LemasterIn this episode, Tait Duryea and Ryan Gibson connect with Zach Lemaster to explore the world of turnkey real estate and build-to-rent properties. They discuss the benefits and challenges of owning physical real estate, the tax advantages of rental properties, and how busy professionals can invest without becoming full-time landlords. Zach shares insights on market trends, the importance of expectation setting, and why new construction rentals might be a better option than traditional rehabs.Zach Lemaster is the founder and CEO of Rent to Retirement, a leading turnkey real estate investment company. A former...
2025-02-2552 minPassive Income Pilots#98 - The Right Coverage: Property Insurance Strategies with Valerie CusanoIn this episode of Passive Income Pilots, Tait Duryea and Ryan Gibson sit down with Valerie Cusano, an insurance expert with a background in law and decades of experience in commercial and residential insurance. Val dives deep into the critical aspects of real estate insurance, particularly for condo and rental property owners. She explains the difference between condo and homeowners insurance, key policy coverages investors should have, and how to evaluate a building’s financial health before buying in. The conversation also touches on industry trends, the role of insurance brokers, and how global factors impact insurance rates....
2025-02-1849 minPassive Income Pilots#97 - Creative Deal Structuring: Smart Real Estate Strategies with Chris PrefontaineIn this episode, Tait Duryea and Ryan Gibson dive into creative real estate financing with Chris Prefontaine, founder of Smart Real Estate Coach. Chris shares powerful strategies like seller financing, subject-to deals, and lease purchases, revealing how investors can acquire properties without banks—even in today’s high-interest rate environment. Learn how to find off-market properties, negotiate seller carrybacks, and unlock hidden real estate opportunities.Chris Prefontaine is the chairman and founder of Smart Real Estate Coach, with over 30 years of experience in the real estate industry. Since 1991, he has built, brokered, and invested in p...
2025-02-1153 minPassive Income Pilots#96 - Airplane Write-Offs, IRS Audits, and Smart Tax Planning with Ryan DeMoorHave you ever wondered how you could write off an airplane? In this episode, Ryan DeMoor joins hosts Tait Duryea and Ryan Gibson to break down the tax benefits of aircraft ownership. Ryan shares how pilots and business owners can strategically use aircraft purchases for tax deductions, the IRS rules around business use, and why proper record-keeping is critical for audits. Whether you're considering buying a Cessna or a Gulfstream, this episode is packed with insights on bonus depreciation, IRS audits, 1031 exchanges, and passive vs. active use of an aircraft.Ryan DeMoor is an...
2025-02-0449 minPassive Income Pilots#95 - Franchise Investing 101: Insights and Opportunities with Cliff NonnenmacherIn this episode of Passive Income Pilots, hosts Tait Duryea and Ryan Gibson explore the world of franchise ownership with franchise expert Cliff Nonnenmacher. Cliff brings decades of experience as a franchise consultant and serial entrepreneur, sharing insights into how pilots and professionals can invest in or operate franchises to build wealth. The discussion covers everything from initial franchise fees to evaluating opportunities, scaling businesses, and emerging non-brick-and-mortar trends. Whether you’re considering a side hustle or a full-time business, Cliff provides actionable advice tailored to high-income professionals seeking financial independence.Cliff Nonnenmacher is a...
2025-01-2853 minPassive Income Pilots#94 - Fail Fast, Succeed Faster: Wealth-Building and Investment Strategies with Christian SchillerIn this episode, Tait Duryea and Ryan Gibson sit down with Christian Schiller, an accomplished investment banker with a wealth of experience buying, selling, and evaluating businesses. Christian shares his investment journey, including lessons from early failures, how he refined his investment strategy, and why knowing your limits is key to success. He breaks down the role of investment bankers, explains how pilots and high-income professionals can benefit from understanding private equity and alternative investments, and emphasizes the importance of building a strong network. Whether you're interested in public markets, private equity, real estate, or improving your financial strategy...
2025-01-2147 minPassive Income Pilots#93 - Stock Market Insights and Tax Strategies for High-Income Earners with Brian FeroldiIn this episode, Tait Duryea and Ryan Gibson welcome Brian Feroldi, author of Why Does the Stock Market Go Up? to unpack the fundamentals of the stock market and explain strategies tailored for pilots and high-income professionals. Brian demystifies the difference between Roth and traditional 401(k) contributions, shares insights into dividend investing, and explains how to identify great companies for long-term growth. He also offers advice on working with financial advisors and highlights why most investors are better off with index funds. Whether you’re new to investing or looking to refine your strategy, this episode is packed with ac...
2025-01-1455 minPassive Income Pilots#92 - Opportunity Zones for Passive Income: Unlock Tax Savings and Growth with Nathan SosaDive into the intricacies of Opportunity Zones with this episode of Passive Income Pilots. Hosts Tait Duryea and Ryan Gibson are joined by CPA Nathan Sosa of Hall CPA, who demystifies Opportunity Zone (OZ) investments and their potential for tax deferral and appreciation. Whether you're an active investor or prefer passive opportunities, learn how OZs can defer taxes on gains from stocks, businesses, or real estate, and how they compare to other tax strategies like 1031 exchanges. Nathan explains the steps, requirements, and benefits, all while offering actionable insights tailored to high-income earners, especially pilots....
2025-01-0751 minPassive Income Pilots#91 - Interest Rates, Submarkets, and CRE's Future with Spencer LevySpencer Levy, a leading expert from CBRE, joins Tait Duryea and Ryan Gibson to break down the current state of commercial real estate (CRE). He explains how rapid interest rate changes are reshaping the market, highlights key megatrends like reshoring and live-work-play neighborhoods, and offers advice on navigating submarkets. Whether you’re a seasoned investor or just getting started, Spencer shares valuable strategies to help pilots and high-income professionals make smarter CRE investments. Learn to identify undervalued opportunities and position yourself for success in a shifting landscape.Spencer Levy is the Senior Economic Advisor an...
2024-12-3149 minPassive Income Pilots#90 - Balancing Flying, Business Ownership, and Financial Growth with Carl Valeri In this action-packed episode of Passive Income Pilots, Tait Duryea and Ryan Gibson sit down with Carl Valeri, an airline captain and experienced entrepreneur, to share actionable strategies to balance a flying career with building a passive income. Carl dives into creative ways to start or buy a business, reduce your tax burden, and even transition to aviation from another career. You’ll hear inspiring stories of people who’ve turned hobbies into thriving businesses and learn how you can design your lifestyle for financial freedom. Carl Valeri is a captain with a major airli...
2024-12-2449 minPassive Income Pilots#89 - Air Traffic, Pilot Pay, and Airline Economics with A4A's Chief Economist John HeimlichIn this episode, Tait Duryea and Ryan Gibson sit down with John Heimlich, Chief Economist for Airlines for America (A4A), to unpack the challenges and wins shaping the airline industry. From air traffic control staffing shortages to the impact of pilot pay increases and aircraft delivery delays, John shares key insights into the state of U.S. airlines. He also discusses A4A's advocacy work and what the future holds for pilots and the broader aviation ecosystem.John Heimlich is the Vice President and Chief Economist for Airlines for America (A4A), the leading tr...
2024-12-1741 minPassive Income Pilots#88 - Flight Schools and Passive Income: Insights from Gordon AlvordIn this episode of Passive Income Pilots, hosts Tait Duryea and Ryan Gibson talk with Gordon Alvord, Alaska Airlines captain and co-founder of Rainier Flight Service. Gordon shares how a 2008 furlough led to creating Washington State’s largest flight school, with over 70 aircraft and a reputation for innovation. Discover how he and his partner used business acumen, strategic investments, and bonus depreciation to build a scalable operation. Whether you're a pilot seeking side hustles or curious about aviation businesses, this episode is packed with actionable insights.Gordon Alvord is an Alaska Airlines captain and co-founder of Rainier Fl...
2024-12-1046 minPassive Income Pilots#87 - The Mega Backdoor Roth and How Pilots Can Maximize Retirement Contributions with Timothy PopeIn this episode of Passive Income Pilots, Tait Duryea and Ryan Gibson welcome back financial expert Timothy Pope to unravel the complexities of retirement strategies for high-income professionals, focusing on the Mega Backdoor Roth. Timothy explains how this powerful tool allows pilots to contribute significantly more to their 401(k) accounts, unlocking tax-free growth opportunities. You will gain clarity on Roth vs. Traditional contributions, tax implications, and the strategic use of post-tax dollars. Whether you're a super-saver or exploring alternative investments, this episode is packed with actionable insights to help you take control of your financial future.Timothy...
2024-12-0350 minPassive Income Pilots#86 - Mapping the Skies: The Tech Behind Real-Time Flight Tracking with Ian PetchenikWelcome back to another episode of Passive Income Pilots! In this episode, Tait Duryea and Ryan Gibson step outside financial strategies to explore the world of real-time flight tracking with Ian Petchenik, Director of Communications at FlightRadar24. Ian shares insights into the app that has become essential for aviation enthusiasts and professionals alike, with its vast network of over 41,000 ADS-B receivers tracking more than 200,000 flights daily. Whether a pilot or an aviation enthusiast, this episode takes you behind the scenes of one of the most fascinating innovations in modern air travel.Ian Petchenik serves...
2024-11-2633 minPassive Income Pilots#85 - Cost Segregation: The Tax Strategy You Can’t Afford to Ignore with Erik OliverWelcome back to another episode of Passive Income Pilots! In this episode of Passive Income Pilots, Tait Duryea and Ryan Gibson are joined by Erik Oliver, Vice President of Cost Segregation Authority, to dive deep into cost segregation. Erik explains how this tax strategy accelerates real estate depreciation, enabling investors to unlock substantial tax savings. He covers key topics like the benefits of reclassifying building components, qualifying short-term rentals for bonus depreciation, and retroactively applying cost segregation to past investments. Whether you're a seasoned investor or new to real estate, this episode offers actionable advice on how cost segregation...
2024-11-1947 minPassive Income Pilots#84 - Tax-Free Growth & Infinite Loans: Whole Life Insurance Strategies for High-EarnersWelcome back to another episode of Passive Income Pilots! In this episode, Tait Duryea hosts Rod Zabriskie and Brenyn McConnell from Money Insights to explore how whole life insurance can be a powerful investment tool. They discuss how pilots and high-income earners can use structured whole life policies to build tax-free growth and take policy loans for investments like real estate. You’ll learn how these policies offer a steady 5% return, liquidity for new investments, and options for legacy planning. Rod and Brenyn cover key policy structuring tips, like lump sum vs. monthly contributions, to help you create tax-efficient re...
2024-11-1239 minPassive Income Pilots#83 - Market-Based Cash Balance Plans with Jesse ReedIn this episode, hosts Tait Duryea and Ryan Gibson welcome back financial planning expert and pilot Jesse Reed to dive deep into market-based cash balance plans—a retirement vehicle being implemented by airlines specifically for high-earning pilots facing 401(k) spillover limits. Jesse unpacks how pilots can strategically manage these plans to maximize retirement savings and minimize tax burdens. Tune in to learn how to navigate 401(k) limits, Roth and after-tax contribution strategies, and advanced tax planning insights.Jesse Reed is a seasoned financial advisor with Creative Planning, specializing in wealth management for airline professionals. Wi...
2024-11-0653 minPassive Income Pilots#82 - From LLCs and HSAs to Roth IRAs: Mastering Wealth Protection with Mark KohlerIn this episode of Passive Income Pilots, hosts Tait Duryea and Ryan Gibson welcome tax attorney Mark Kohler to answer popular questions on tax strategies for high-income professionals. With two decades of experience, Mark breaks down essentials from self-directed IRAs to maximizing HSAs, Roth IRAs, and other tax-advantaged accounts, plus strategies for lowering tax liability through real estate and business. With actionable insights on 1031 exchanges, Roth chunking, and creating a “family board,” listeners will learn how to structure finances for long-term growth and protection. Mark Kohler is a seasoned tax attorney, CPA, and author of f...
2024-10-291h 00Passive Income Pilots#81 - The Power of AI and Passive Income Strategies for Pilots with Jim HigginsIn this episode of Passive Income Pilots, hosts Tait Duryea and Ryan Gibson sit down with Jim Higgins, a former airline pilot turned co-founder and COO of a successful tech startup, Thread. Jim shares his unique journey, from negotiating contracts for American Eagle during 9/11 to leading a company that uses drones and AI for utility inspections. They discuss AI’s growing accessibility for building apps and businesses, the shift from pensions to defined contributions, and practical financial strategies for aspiring airline pilots. Jim also imparts key leadership lessons he learned in aviation and entrepreneurship.Ji...
2024-10-2245 minPassive Income Pilots#76 - MOST POPULAR EPISODE: Reduce Taxes & Maximize Returns Using PROVEN Strategies with Toby MathisIn this episode of Passive Income Pilots, Tait Duryea takes you back to one of the most downloaded episodes in the show's history with Toby Mathis from Anderson Advisors. Discover how tax laws can work for you through real estate investments, cost segregation, and bonus depreciation strategies. Toby breaks down the game-changing legal strategies high-income earners can use to reduce their tax burden and maximize returns drastically. If you're a pilot frustrated with taxes or looking to level up your knowledge, this episode is packed with powerful insights.Toby Mathis is a tax attorney...
2024-09-101h 10Passive Income Pilots#65 - Cashing In on Convenience: The Secret Economy of Vending MachinesWelcome to another exciting episode of Passive Income Pilots! We're diving into a fascinating and often overlooked passive income stream: vending machines. Our guest, Mike Hoffmann, also known as "Mr. Passive," shares his journey of creating a vending machine empire and how this low-barrier investment can yield significant returns. Whether you're a seasoned investor or looking for a side business to try with your kids, this episode is packed with insights and practical advice on turning everyday conveniences into lucrative income streams. Tune in to discover the secrets of the vending machine business and learn how you can cash...
2024-07-0850 minPassive Income Pilots#64 - Shark Tank Pilot Episode: Nick Friedman's College Hunks Hauling JunkWelcome back to another episode of Passive Income Pilots! In this episode, Tait Duryea and Ryan Gibson sit down with Nick Friedman, co-founder of College Hunks Hauling Junk, who appeared on the pilot episode of Shark Tank. Nick shares his journey from starting a small moving and junk removal business in college to building a multi-million dollar franchise. Tune in to learn about the franchising process, the challenges and successes Nick faced, and valuable insights for aspiring franchise owners. Whether you're interested in franchising or simply looking for inspiring entrepreneurial stories, this episode is packed with valuable information.
2024-06-1839 minPassive Income Pilots#60 - Cleared for Takeover: Collin Hathaway on the Boomer Business Buyout BoomWelcome to another episode of Passive Income Pilots! This week, your hosts Tait Duryea and Ryan Gibson are thrilled to bring you an insightful conversation with private equity mogul Collin Hathaway of Skylight Capital, a seasoned entrepreneur specializing in business acquisitions. In this episode Collin shares his journey from buying his first plumbing company in 2008 to building a multi-million-dollar business empire. Discover how pilots can capitalize on the wave of baby boomers retiring and selling their high-cashflow blue-collar businesses. Whether you're looking to invest passively or actively take over a business, this episode is packed with valuable insights and...
2024-05-2153 min
Passive Income Pilots#55 - First Class Intro to Angel Investing with OfferUp Founder Nick HuzarEver 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...
2024-04-1654 min
Passive Income Pilots#54 - The Inner Game of Real Estate with Leka DevathaJoin 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:...
2024-04-0945 min
Passive Income Pilots#53 - Eyes On The Horizon: Real Estate Insights from Kathy FettkeIn 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:
2024-04-0251 minPassive Income Pilots#52 - Economic Tailwinds: How 1031 Exchanges Propel Real Estate Portfolios With Kyle WilliamsUnlock 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...
2024-03-2844 min
Passive Income Pilots#51 - Navigating Turbulence: Mental Health & Legal Safeguards for Pilots with Joe LoRussoJoin 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...
2024-03-1349 minPassive Income Pilots#51 - Flight to Wellness: Elevating Mental Health in the Aviation Sector with Joe LoRussoOn this episode of Passive Income Pilots, Tait and Ryan interview Joe LoRusso.Joseph "Joe" LoRusso is the Director of Aviation at Ramos Law, having joined the firm in September 2021. With over two decades of experience in the aviation industry, he transitioned to law school after five years as a professional flight instructor. Passionate about representing pilots, Joe's love for aviation drives his commitment to serving the community. His unwavering dedication makes him a strong advocate for clients in aviation-related matters.Joe talks about the challenges faced by pilots regarding mental health issues and the...
2024-03-1249 minPassive Income Pilots#48 - Mastering Goal Setting and Strategic Planning in 2024Today 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...
2024-01-2037 minPassive Income Pilots#46 - Investing in Oil, Gas, and Mineral Rights with Tax Advantages in Mind with Derreck LongOn 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...
2023-12-2046 minPassive Income Pilots#45 - Path to Financial Freedom: Real Estate, Mentorship, and Personal Growth with Alan UnderwoodOn 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...
2023-12-1358 minPassive Income Pilots#44 - Mastering Year-End Tax Strategies: From IRA Conversions to Short-Term Rental LoopholesIn 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) Ma...
2023-12-0639 minPassive Income Pilots#43 - Exploring the Boom of Self-Storage and Its Investment PotentialWelcome 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...
2023-11-1043 minPassive Income Pilots#40 - A Deep Dive Into Flight School Financing with Anthony GeraciOn 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 fi...
2023-10-1151 minPassive Income Pilots#35 - Life Insurance Optimization and the Three-Pillar Investment Wealth-Building Strategy With Austin DeanOn 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...
2023-09-0637 minPassive Income Pilots#33 - Mortgages, Refinancing, and Home Buying with Expert David TemkoOn 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...
2023-08-2351 minPassive Income Pilots#32 - Tax Savvy Investing: The Power of Cost Segregation with Yonah WeissOn 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!
2023-08-161h 00Passive Income Pilots#31 - Discover Profitable Oil and Gas Investments and Expert Strategies with Ben FraserOn 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...
2023-08-0944 minPassive Income Pilots#30 - Investing in Commercial Real Estate and Analyzing Economic Indicators with John ChangWe 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!
2023-08-021h 01Passive Income Pilots#29 - An Essential Guide to Decoding Non-Accredited and Accredited InvestorsToday on Passive Income Pilots, Tait and Ryan delve into SEC rules and the key differences between 506B and 506C offerings. They explain what it takes to become an accredited investor and discuss the transformative impact of the JOBS Act of 2012. You'll learn about the investor accreditation process, including how to prove your status to operators and the benefits of using third-party verification companies. They also highlight the important role that attorneys, CPAs, and financial advisors play in validating accredited status. Enjoy the show!Timestamped Show Notes(00:00) Intro
2023-07-2721 minPassive Income Pilots#27 - Commercial Construction Management: A Deep Dive Into Ground-Up Development with Aaron SaundersOn 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!
2023-06-211h 09Passive Income Pilots#26 - Decoding Yield on Cost: Interpreting Numbers and Assessing Investment Risks and ReturnsToday 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...
2023-06-1620 minPassive Income Pilots#23 - Counting the Cost: The Risks and Rewards of 401(k) Loans for PilotsToday 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...
2023-06-0220 minPassive Income Pilots#22 - Economic Trends, Multifamily, Angel Investing, and Investment Strategies with J ScottOn 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...
2023-05-3155 minPassive Income Pilots#21 - Flight Plan for Finances: Financial Planning and Strategies for Pilots with Jesse ReedOn 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...
2023-05-2654 minPassive Income Pilots#20 - The Economic Landscape, Recession, Investing, and the Impact of AI Technology with Neal BawaOn 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...
2023-05-241h 08Passive Income Pilots#19 - Invaluable Insights: ASAP Reports on Passive and Active Investment DealsToday 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...
2023-05-1934 minPassive Income Pilots#18 - Credit Unions vs. Banks: Choosing the Right Financing Partner with Charles KrawitzOn 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...
2023-05-171h 06Passive Income Pilots#17 - Mastering Real Estate Investing: Key Systems and Processes with Tarl YarberOn 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!
2023-05-1259 minPassive Income Pilots#16 - Investing with Confidence: Asset Protection Strategies with Clint CoonsOn 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...
2023-05-1049 minPassive Income Pilots#15 - Why Commercial Real Estate Trumps ResidentialToday 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
2023-05-0540 minPassive Income Pilots#14 - Depreciation Demystified: Cost Segregation and Tax Savings in Real Estate with Toby MathisOn 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!
2023-05-031h 03Passive Income Pilots#13 - Clean Profits: Building a Laundromat Empire with Sam WilsonOn 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...
2023-04-2841 minPassive Income Pilots#12 - Navigating Real Estate in Turbulent Times: Insights for Pilots with Russell GrayOn this episode of Passive Income Pilots, Tait & Ryan interview Russell Gray.Russell Gray is the co-host of The Real Estate Guys Radio Show, a leading investment talk program airing on conventional radio since 1997 and podcasted in over 180 countries. With over 18 years of experience on the show, Russell has interviewed a variety of industry leaders and subject matter experts, including Robert Kiyosaki, Steve Forbes, Peter Schiff, and Donald Trump. As a financial strategist with a background in financial services dating back to 1986, he is a sought-after speaker and author, having co-authored the highly-rated...
2023-04-2557 minPassive Income Pilots#11 - How To Succeed In This High Interest EnvironmentToday 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...
2023-04-2132 minPassive Income Pilots#9 - Demystifying IRAs: Transfers Vs. Rollovers with Carrie CookOn 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...
2023-04-141h 02Passive Income Pilots#8 - Blockchain and Web3: Transforming Finance With Trustless and Decentralized Ecosystems with Ben JorgensenOn 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...
2023-04-121h 02Passive Income Pilots#7 - The Pilot Network and Navigating the Aviation Industry with Adam UhanOn 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...
2023-04-071h 06Passive Income Pilots#6 - Transitioning from Active to Passive Investing and Diversifying Investments with Jeremy RollIn 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...
2023-04-0552 minPassive Income Pilots#5 - Live at the BEC 2023 (Where It All Started)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...
2023-03-3125 minPassive Income Pilots#4 - Build A Solid Investment Strategy Before Pushing The Throttle Forward with Alex TapiaOn 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
2023-03-291h 00Passive Income Pilots#3 - Investments and Wealth Management for Aviators with Austin “Strobes” HulbertOn 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...
2023-03-2156 minPassive Income PilotsSpecial Episode: The Silicon Valley Bank CollapseOn 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...
2023-03-1521 minPassive Income Pilots#2 - Invest Passively in DST and Opportunity Zones with Brandon BruckmanOn 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!
2023-03-1438 minPassive Income Pilots#1 - How Can Pilots Position Themselves for Success with CNBC’s Fast Money Trader Guy AdamiOn 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
2023-03-0957 minPassive Income PilotsThe Men Behind Passive Income PilotsWelcome 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...
2023-03-0712 min