Passive Income Pilots

Tait Duryea and Ryan Gibson

Welcome to the Passive Income Pilots Podcast – the show designed to help pilots climb to new levels of financial success.

Join Tait Duryea & Ryan Gibson, both airline pilots, business owners and investors, as they interview top experts and share practical knowledge on real estate, tax strategy, passive income and generational wealth. This one-of-a-kind show created specifically for professional pilots offers applicable strategies and tactics for improving your financial life.

Whether you're a seasoned pilot or just starting out, we'll equip you with the expertise and confidence you need to upgrade your money and achieve true financial independence.

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Episodes

#50 - Real Estate Investing: Building Resilient Wealth and Financial Independence with David Phelps
Feb 13 2024
#50 - Real Estate Investing: Building Resilient Wealth and Financial Independence with David Phelps
On this episode of Passive Income Pilots, Tait and Ryan interview David Phelps.Dr. David Phelps, founder of Freedom Founders, spent 27 years as a former general dentist and business owner. His life took a significant turn when his daughter Jenna faced leukemia. This personal crisis prompted Dr. Phelps to reassess his priorities and shift his focus to what truly mattered: his family. Today, Dr. David Phelps advocates for a Plan B — a strategy he has employed and helped hundreds of dentists and practice owners implement. Instead of conforming to traditional retirement advice that expects individuals to accumulate millions of dollars, he champions an alternative approach and educates others about real estate investing and financial freedom.David shares that accumulating wealth is not merely about numbers; it's about constructing a life that allows for time with loved ones and personal well-being. He emphasizes the value of having a diversified portfolio and the importance of real estate as a stable asset class. Real estate investing served as the bedrock for David's financial independence, granting him the autonomy he needed when his daughter faced a life-threatening illness. David also talks about the Freedom Founders, the community he founded that empowers professionals to invest passively while securing their financial futures. He offered valuable insights into forming capital partnerships and leveraging property equity.Enjoy the show!Show notes:(3:07) How David started investing(18:35) Teaching others to take control of their investments(24:25) The mission and vision behind Freedom Founders(29:25) Market cycle and financial planning(35:48) Understanding the capital stack: equity and debt(39:03) Understanding the risks of debt funds(49:36) What David learned in the last six months(53:08) How to connect with David(53:52) OutroConnect with David: Website: https://www.freedomfounders.com/LinkedIn: https://www.linkedin.com/in/dgphelps/ Podcast: https://dentistfreedomblueprint.com/ __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....
#49 - Reflections & Revelations: A Look Back at our Favorite Episodes to Date
Jan 30 2024
#49 - Reflections & Revelations: A Look Back at our Favorite Episodes to Date
Today on Passive Income Pilots is Tait & Ryan's one-on-one episode.In this episode, Tait and Ryan reflect on past episodes and share insights on their favorites. Whether you're new to the show and would like to “catch up”, or a long time listener who could use a second listen to our most impactful episodes, this episode serves as a recap and calls out the most special episodes to scroll back for. Tune in for a look backwards, and a sneak peek of what's on the podcast's flight plan.Episodes mentioned:#2,  #3, #6, #9, #10, #11, #13, #14, #27, #31, #32, #36, #41, #42, #43, #44, and #46Show notes:(4:47) Episodes 10 & 14, expert tax strategies(7:18) Episode 32, cost-seg and depreciation(8:57) Episodes 9 & 36, self-directed IRA investing(11:10) Episode 44, End-of-the-year tax tips(13:08) Episodes 42 & 41, short-term rental loophole and AirBNBs(16:38) Other episodes(17:51) The Self-storage industry(19:57) Future episodes(20:40) Outro---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Reach out to the hosts:Email: passiveincomepilots@gmail.comTait DuryeaCEO Turbine Capital Ryan GibsonLegal 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....
#48 - Mastering Goal Setting and Strategic Planning in 2024
Jan 19 2024
#48 - Mastering Goal Setting and Strategic Planning in 2024
Today on Passive Income Pilots is Tait & Ryan's one-on-one episode.Tait and Ryan peel back the curtain on personal goal setting that actually works. This episode isn't about the fluff but the nitty-gritty of mapping out a future that aligns with your deepest ambitions in family, business, and investing. We're talking about effective goal-setting, building habits, the art of strategic 'nos', and how a Big Hairy Audacious Goal can give you the laser-focus to cut through life's clutter. Tune in and gain a treasure trove of insights to help you design a future that brings your most ambitious dreams within reach. This isn't just a conversation; it's a blueprint for success in the year ahead.Show notes:(0:00) Intro(2:53) Setting goals(5:10) Build a habit(8:56) The why(10:47) Buckets(11:59) Big hairy audacious goal(13:27) Live your life by design(17:00) The power of saying "No"(20:09) SMART goals(22:24) Lead measure vs. lag measure(23:56) Breakdown goals into chunks(29:18) Planning the year(31:39) Shared calendar(35:26) Talk about your wins(36:40) OutroSimplify your life with this habit tracker: https://bit.ly/47Qts1y ---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.Reach out to the hosts:Email: passiveincomepilots@gmail.comTait DuryeaCEO Turbine Capitalhttps://www.turbinecap.com/ Ryan GibsonCIO Spartan Investment Grouphttps://spartan-investors.com/ 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....
#47 - Innovative Wealth Strategies: From Life Insurance to Alternative Investing with Christian Allen and Rod Zabriskie
Jan 5 2024
#47 - Innovative Wealth Strategies: From Life Insurance to Alternative Investing with Christian Allen and Rod Zabriskie
On this episode of Passive Income Pilots, Tait and Ryan interview Christian Allen and Rod Zabriskie.Christian Allen and Rod Zabriskie from Money Insights Group join Tait in a riveting discussion about stepping off the beaten path of traditional investing and venturing into the world of max-funded cash value life insurance and real estate. They illustrate how the 'invest with benefits' philosophy caters to individual financial needs and integrates core wealth accumulation areas.  Christian Allen, CEO of Money Insights, established the firm in 2014 to empower high-income earners to expedite wealth growth, refine investment strategies, and transition from high-income to high net worth. An advocate for entrepreneurship, he thrives on aiding others. Beyond finance, he finds joy in pickleball, sports spectating, and cherishing moments with his family.Rod Zabriskie is the Managing Partner and COO at a financial services firm. He has worked in the financial services industry since 2009, after spending a decade working in small businesses for others. Rod holds an MBA with an emphasis in entrepreneurship and an undergraduate degree in Marketing Communications.Enjoy the show!Show notes:(0:00) Intro(4:40) Transitioning from traditional to alternative investment(7:28) How they started their business and the six core benefits(12:50) Whole life or universal life insurance(15:16) Borrowing against insurance policy vs. stock account(18:32) Utilizing cash value life insurance(20:43) IUL vs whole life insurance(31:45) How much cash flow do you need(36:08) Asset protection(41:50) Tax benefits(42:47) Finding the amount of passive income you need(48:52) How to connect with Christian and Rod(49:44) OutroConnect with Christian and Rod:Website: https://moneyinsightsgroup.com Youtube: https://www.youtube.com/channel/UCW0fBokwg09-2H2kXWK5Zfw --Reach out to the hosts:Email: passiveincomepilots@gmail.comTait DuryeaCEO Turbine Capitalhttps://www.turbinecap.com/ Ryan GibsonCIO Spartan Investment Grouphttps://spartan-investors.com/ 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....
#46 - Investing in Oil, Gas, and Mineral Rights with Tax Advantages in Mind with Derreck Long
Dec 19 2023
#46 - Investing in Oil, Gas, and Mineral Rights with Tax Advantages in Mind with Derreck Long
On this episode of Passive Income Pilots, Tait and Ryan interview Derreck Long.Derreck Long, a former Senior IRA Specialist at Quest Trust Company, recently joined Eckard Enterprises. Eckard Enterprises is a family-owned and operated alternative investment and asset management firm specializing in the U.S. oil and gas industry. Derreck became a Self-Directed IRA and Solo 401K Expert in 2017. He received a CISP from the American Banking Association, spoke at hundreds of events around the United States, and even participated in lobbying efforts with Congress.Derreck talks about how his transition from his role in self-directed IRAs to the energy sector reflects continuous learning and growth. He talks about the intricate process of drilling operations and the substantial tax deductions available to investors. He discusses the future of mineral rights ownership, likening it to real estate investment with the potential for an emerging secondary market. Derreck also touches on the legal intricacies, weighs in on political policies, and speculates on technological advancements that could revolutionize this niche.Enjoy the show!Show notes:(0:00) Intro(3:15) How Derreck migrated to Eckard(5:14) How oil and gas investing works(14:49) How to earn from this investment(17:14) Tax write-offs(18:43) Owning mineral rights(25:56) Opportunities in the coming year(30:01) Tax benefit on royalty interest(34:45) Mineral rights investors(39:11) Downside of mineral investments(41:40) Owning the land but not the mineral rights(43:37) Resource or book recommendations(45:44) How to reach Derreck(46:17) Outro*Connect with Derreck:* Website: https://eckardenterprises.com/Phone: 832-840-1161 (send a text/SMS first)---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Reach out to the hosts:Email: passiveincomepilots@gmail.comTait DuryeaCEO Turbine Capitalturbinecap.comRyan GibsonCIO Spartan Investment GroupLegal 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....
#45 - Path to Financial Freedom: Real Estate, Mentorship, and Personal Growth with Alan Underwood
Dec 12 2023
#45 - Path to Financial Freedom: Real Estate, Mentorship, and Personal Growth with Alan Underwood
On this episode of Passive Income Pilots, Tait and Ryan interview Alan Underwood.Momentum Capital Group co-founder Alan Underwood is a successful entrepreneur who found passive income in real estate after working in numerous businesses. Alan discusses his experience attending meetups, flipping properties, and developing a 90+ unit Arizona apartment complex. Alan describes his self-discovery that led him to prioritize mental and emotional health over business. Alan touched on the joys of flying and its therapeutic effects and encouraged everyone to pursue their passions. As a Command Pilot of Angel Flight West, he talked about the commendable work carried out by this non-profit organization, which provides free flights for people needing medical care. His work with them has allowed him to give back and make a difference in the lives of others, underscoring the importance of benevolence in pursuing financial freedom.Enjoy the show!Show notes:(2:17) Alan's journey to financial freedom(7:46) His transition to real estate investments(12:35) Why people limit themselves(16:06) The absence of fear(26:22) The mindset of creating financial independence(32:06) How Alan found his network(40:50) What flying feels like to Alan(42:30) The mindset shift(53:20) Changing lives(57:34) Where to find Alan(58:36) OutroConnect with Alan:LinkedIn: https://www.linkedin.com/in/the-alan-underwood/ Company: https://bit.ly/3tg8KtH Facebook: https://www.facebook.com/alan.underwood.54 Website: https://angelflightwest.org/  ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Reach out to the hosts:Email: passiveincomepilots@gmail.comTait DuryeaCEO Turbine Capitalturbinecap.comRyan GibsonCIO Spartan Investment Groupspartan-investors.comLegal 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....
#44 - Mastering Year-End Tax Strategies: From IRA Conversions to Short-Term Rental Loopholes
Dec 5 2023
#44 - Mastering Year-End Tax Strategies: From IRA Conversions to Short-Term Rental Loopholes
In this week’s episode of the Passive Income Pilots, Ryan and Tait take on another one-on-one conversation. They discuss various year-end tax strategies to maximize deductions and reduce tax liability. They also explore the short-term rental loophole as a tax strategy and discuss the benefits of cost segregation studies and bonus depreciation. Tait shares his experience of buying a property for short-term rental purposes. He discusses the tax write-offs and deductions of owning a rental property and highlights the financial benefits.Tune in and enjoy!Show notes:(4:25) Maximizing retirement contributions(5:15) Using gains and losses strategically(7:22) Converting traditional IRA to Roth IRA and valuing IRA investments for conversion(13:20) Planning investments for the next year, extending tax returns, and preparing K-1s(16:06) Revaluating investments for depreciation(17:34) Year-end tax strategy: short-term rental loophole (27:52) Cost segregation study and bonus depreciation(36:38) The Stoke House: the overall experience(39:22) OutroJoin the Facebook group: https://www.facebook.com/groups/passivepilots ---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.Reach out to the hosts:Email: passiveincomepilots@gmail.comTait DuryeaCEO Turbine Capitalwww.turbinecap.comRyan GibsonCIO Spartan Investment GroupLegal 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....
#43 - Exploring the Boom of Self-Storage and Its Investment Potential
Nov 9 2023
#43 - Exploring the Boom of Self-Storage and Its Investment Potential
Today on Passive Income Pilots is Tait & Ryan's one-on-one 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. They also share some investment opportunities through Turbine Capital and Spartan Investments.Enjoy the show!Show notes:[0:00] Intro[3:34] What is a cap rate, and why does it matter[7:26] Real estate vs. stocks[8:54] Why invest in a ground-up development project[10:44] Why building is better than buying in the current market[12:47] Renters vs. buyers of self-storage[16:51] Market research before building self-storage[19:19] Why everybody wants storage[21:17] Why did Spartan Investor choose self-storage[26:18] Underwriting self-storage and rent growth[30:26] Challenges and opportunities in commercial real estate investments[36:15] Risks in ground-up development[39:19] Investment opportunities[43:24] OutroJoin the Facebook group: https://www.facebook.com/groups/passivepilots 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....
#42 - Real Estate Investing: Tax-Saving Strategies and Best Practices with Billy Withers
Oct 24 2023
#42 - Real Estate Investing: Tax-Saving Strategies and Best Practices with Billy Withers
On this episode of Passive Income Pilots, Tait and Ryan interview Billy Withers.Billy Withers, EA, MT, is a financial expert and the owner of Summit Advanced Tax Strategy. He has helped hundreds of real estate investors and business owners organize their financial systems and reduce tax liabilities. With his expertise and the flexibility of a virtual firm, he provides prompt and effective service to ensure the growth and needs of his clients are met. Billy's experience in the field has made him an invaluable asset to those looking to maximize their profits while minimizing their tax liabilities.Billy talks about the intersection of taxes and real estate investments. He discusses optimizing tax situations, qualifying as a real estate professional, tracking deductions, and dealing with late filings. Billy emphasizes treating real estate investments as a business, gathering necessary documents, and working with a tax professional experienced in real estate matters to avoid problems and stay on top of taxes.Enjoy the show!Show notes:[4:08] Billy's career journey and specialization in real estate taxes[5:52] The advantages of working with a tax strategist[7:51] Tax efficiency: planning for taxable events in real estate[11:31] What a tax strategist does[13:25] Advisory service fee structure and getting started[15:40] Quick hit opportunities, tax-advantaged strategies, and changes[22:42] Qualifying as a real estate professional and hour requirements[26:16] Keeping track of time spent as a real estate professional[28:38] Collaboration between spouses to qualify as real estate professionals[30:54] Caution against taking risks with material participation claims[32:04] Structuring LLCs for earned and passive income [34:13] Importance of tracking expenses and using dedicated accounts for real estate[40:45] The complexity and individuality of tax matters in real estate[43:57] Concerns about extending tax returns and k-1 forms[52:46] What is an enrolled agent[54:30] OutroLinks mentioned:#10 - Reduce Your Taxes & Maximize Returns Using PROVEN Investment Strategies with Toby Mathis: https://www.buzzsprout.com/2143972/12653111 #14 - Depreciation Demystified: Cost Segregation and Tax Savings in Real Estate with Toby Mathis: htLegal 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....
#41 - Short-Term Rental Strategies To Maximize Your Passive Income with Dan Templin
Oct 17 2023
#41 - Short-Term Rental Strategies To Maximize Your Passive Income with Dan Templin
On this episode of Passive Income Pilots, Tait and Ryan interview Dan Templin.Dan Templin is a real estate investor and coach in addition to being the owner of different small businesses. He manages real estate investments from top to bottom for his busy clients.  Dan possesses an unwavering dedication to assisting investors in successfully establishing and operating their first Airbnb venture.Dan shares his journey into the short-term rental industry. He discusses his experience with rental arbitrage, building relationships with landlords, and the potential of short-term rentals. Dan also provides software recommendations and insights on managing rental units and automating the processes. He dives into these strategies and their impact on a successful short-term rental business.Enjoy the show!Show notes:[0:00] Intro[2:53] Flipping houses and owning a bar[4:38] Profitability of short-term rentals (SRT) and learning from online courses[7:28] Furnishing and equipping short-term rentals[9:05] Potential lease violations and building a good landlord relationship[12:18] Market for short-term rentals beyond vacation rentals[15:03] AirDNA and Price Labs: Tools for pricing and market analysis[17:58] How to increase occupancy on SRTs[22:32] The challenges and benefits of direct booking[26:17] Streamlining guest communications with Hospitable[29:11] Ensuring guest safety with automated locks and security cameras[36:04] Cost-segration [37:38] Building a team for property management[39:48] Writing booklets for business improvement[41:59] Automating and delegating tasks for efficiency[44:30] Setting rental duration based on property and market type[46:53] How to find out more about Dan[47:00] OutroLinks mentioned:#14 - Depreciation Demystified: Cost Segregation and Tax Savings in Real Estate with Toby Mathis: https://www.buzzsprout.com/2143972/12766875 *Connect with Dan:* Website: https://dantemplin.com Instagram: https://www.instagram.com/thebusinessman_dan/ 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....
#40 - A Deep Dive Into Flight School Financing with Anthony Geraci
Oct 10 2023
#40 - A Deep Dive Into Flight School Financing with Anthony Geraci
On this episode of Passive Income Pilots, Tait and Ryan interview Anthony Geraci.Anthony Geraci is the CEO of Stratus Financial. He is a serial entrepreneur with several successful companies and a results-driven CEO and Board Member. He is also a mentor to CEOs nationwide and a team builder who is passionate about company culture. Anthony Geraci, Esq., is also the CEO and a partner at Geraci, where he is responsible for firm strategy and development of Geraci’s team and culture. Anthony is skilled in mortgage lending and securities law and has authored numerous articles on real estate finance and security subjects. In 2018, he authored the book Earning Money While You Sleep.Anthony shares his insights on financing flight training and the benefits for aspiring pilots. He discusses alternative affordable options and highlights the flexibility in pilot training requirements. Anthony touches on loan rates, payment structures, and the platform's investment fund. He emphasizes their commitment to providing solutions and assistance to borrowers.  Enjoy the show!Show notes:[0:00] Intro[3:40] From attorney to pilot[6:47] Financing for aspiring aviators vs. later-in-life individuals[9:13] The current opportune time for pilot training[13:30] How to use Stratus to finance flight school[15:32] Flight school funding criteria and syllabus requirements[19:48] Flexible loan options based on creditworthiness and co-signers[27:19] Investment opportunities[30:48] Starting the fund and building a track record[37:05] Impact of single pilot system on pilot jobs[49:15] Aviation Mentors podcast[50:19] How to learn more about Stratus[51:07] OutroConnect with Anthony:Website: https://stratus.finance/ LinkedIn: https://www.linkedin.com/company/stratus-financial/LinkedIn: https://www.linkedin.com/in/anthony-geraci/ 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....
#39 - Decoding College Costs and Complex College Savings Plans with Brad Baldridge
Oct 3 2023
#39 - Decoding College Costs and Complex College Savings Plans with Brad Baldridge
On this episode of Passive Income Pilots, Tait and Ryan interview Brad Baldridge.Brad Baldridge is a Certified Financial Planner™, College Funding Consultant, and chief podcaster at Taming the High Cost of College. He has many years of experience working with families in the college planning process, where he seeks to reduce their college costs significantly. Brad provides expert guidance, customized planning services, and insights on the latest tax, cash flow, and academic strategies. He specializes in helping students earn admission to their preferred school and realize their college dreams.Brad discusses the complexity of college planning, the impact of interest rates on loans, early-stage vs. late-stage planning, the cost of attending flagship public universities, and alternatives to traditional college education. He also talks about strategies for paying for college, including 529 plans and hiring children for tax benefits. He briefly discusses navigating divorce and college planning.Enjoy the show!Show notes:[0:00] Intro[3:42] Introduction and background on college planning[6:36] Early-stage vs. late-stage college planning[8:04] Comparing public and private college costs[12:23] Introduction to 529 plans and their benefits[16:54] Trade school or flight school qualifications[18:20] Changing attitudes towards college requirements[20:56] Declining value and increasing cost of college education[25:57] Late-stage planners overlook the cost of education[28:23] Educate kids about the costs of college[31:04] Helping clients and college planning for upper-middle-income families[33:38] Real estate as a college planning strategy[36:13] Hiring kids for tax benefits in college planning and determining reasonable pay for kids working in a business[42:30] Navigating college planning for divorced couples and finding a fair solution[47:28] How to connect with Brad[48:52] OutroConnect with Brad:Website: https://tamingthehighcostofcollege.com/ Website: https://bradbaldridge.com/ LinkedIn: https://www.linkedin.com/in/bradbaldridge/ 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....
#38 - Exploring Real Estate Investing, Work-life Balance, and Personal Growth with Rich Fettke
Sep 26 2023
#38 - Exploring Real Estate Investing, Work-life Balance, and Personal Growth with Rich Fettke
On this episode of Passive Income Pilots, Tait and Ryan interview Rich Fettke.Rich Fettke is the co-founder of Real Wealth Network, where he oversees marketing and business development. He is a licensed real estate broker, experienced investor, and Master Certified Business Coach. Rich specializes in helping the team stay aligned and inspired to fulfill the company’s purpose, mission, and values. He has been featured in media outlets such as USA Today, Entrepreneur Magazine, and the Wall Street Journal. He is also an accomplished author with books like Extreme Success, Momentum, and The Wise Investor: A Modern Parable About Creating Financial Freedom and Living Your Best Life. Rich’s publisher, RDA Press, lists him as a Rich Dad Author and Wealth Mindset Expert. Rich shares that he focuses on lifestyle and not just numbers, cementing the idea that financial freedom is more than just about money. He discusses the importance of balance in life and investments, the role of coaches and mentors, and the concept of financial freedom. He discusses his personal investment strategies and his unique approach to personal growth. Rich also shared insights on real estate opportunities in specific markets and their investments.Enjoy the show!Show notes:[3:06] Rich Fettke's journey into real estate investing[7:52] Rich's first deal[10:44] The importance of life balance and real wealth[13:17] Living a rich life beyond money[14:21] Balancing work and personal life[18:29] How to strike the balance[20:46] The importance of health and deep work[22:05] Setting identity-based goals and evaluating sacrifices[23:48] Aligning goals with who you want to be[27:37] What financial freedom means[31:00] Difference between retirement accounts and financial freedom[32:16] The power of coaching[36:18] The value of coaching beyond business[39:31] What Real Wealth is all about[42:50] The top 3 markets Rich is looking at and other investments[45:43] OutroLinks Mentioned:Real Estate News for Investors - https://realwealth.com/learn/real-estate-news-investors-podcast/ The Real Wealth Show - https://realwealth.com/real-wealth-show-podcast/ Connect with Rich:Website: 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....
#37 - Empowering Insights and Strategies On Short-Term Rentals with Alex Jarbo
Sep 19 2023
#37 - Empowering Insights and Strategies On Short-Term Rentals with Alex Jarbo
On this episode of Passive Income Pilots, Tait and Ryan interview Alex Jarbo.Alex Jarbo is the founder and CEO of Open Atlas Investments. He is a visionary entrepreneur who is revolutionizing the vacation rental and hospitality industry, focusing on custom, unique micro-resort developments. Alex has an impressive portfolio of over $10 million in distinctive short-term rentals.Alex shares valuable insights and tips on maximizing the potential of short-term rentals. He discusses the thriving market of short-term rentals and the benefits, tax advantages, and underwriting strategies for vacation rentals. He touches on regulations, themed properties, distribution channels, software, and the importance of reliable cleaning and security measures. Enjoy the show!Show notes:[0:00] Intro[2:58] A brief background on Alex[7:30] What drew Alex to short-term rental investments[10:12] The differences between short-term rentals, midterm rentals, and vacation rentals[11:55] Regulations on vacation rentals in different locations[15:52] Vacation rental laws and hotel permits[18:49] Airbnb as a distribution channel and marketing strategy[20:09] Property management software and service fees explanation[22:11] Finding cleaners[24:00] Furnishings and themed rentals[26:44] Managing guest bookings and parties[28:51] Handling schedule changes with the cleaning company[30:01] Syndicating short-term rental properties[31:21] Where to learn more about Alex[32:45] OutroLinks mentioned:#10 - Reduce Your Taxes & Maximize Returns Using PROVEN Investment Strategies with Toby Mathis - https://podcasts.apple.com/us/podcast/10-reduce-your-taxes-maximize-returns-using-proven/id1675913577?i=1000609498241 #14 - Depreciation Demystified: Cost Segregation and Tax Savings in Real Estate with Toby Mathis - https://podcasts.apple.com/us/podcast/14-depreciation-demystified-cost-segregation-and-tax/id1675913577?i=1000611466826 Connect with Alex: Website: https://openatlas.investments/ LinkedIn: 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....
#36 - Decoding the Untapped Potential and Complex World of Self-Directed IRAs with Derreck Long
Sep 12 2023
#36 - Decoding the Untapped Potential and Complex World of Self-Directed IRAs with Derreck Long
On this episode of Passive Income Pilots, Tait and Ryan interview Derreck Long.Derreck Long is a Senior IRA Specialist at Quest Trust Company. Quest manages IRAs for “alternative” investments like real estate, notes, oil and gas, and private placements, among many others. 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 provided valuable insights into the workings of self-directed IRAs, including ways to get money into retirement accounts. He touches on the contribution limits for different types of retirement accounts and the process of rolling over a Thrift Savings Plan (TSP) account. He discussed the complex terminology of self-directed IRAs, like Unrelated Debt-Financed Income (UDFI) and Unrelated Business Income Tax (UBIT). Understanding these terms is vital as they can impact the taxation of IRA investments. Derreck also highlighted the potential impact of new tax laws on custodian investments. Enjoy the show!Show notes:[1:31] Self-directed IRAs and custodians[3:39] Active employer funds vs. external funds[4:53] What you can put in an IRA[7:02] Getting money into a retirement account[10:46] Setting up a self-directed IRA[12:18] Informing the old plan provider[14:52] Choosing the right custodian for self-directed investments[17:58] Specialized custodians for different types of investments[20:38] Contribution limits and consolidation of retirement accounts[21:25] Rolling over TSP to an IRA[23:10] Importance of due diligence and working with experts[25:28] Personalized customer service and assistance with IRAs[29:24] Syndicators avoiding IRAs due to plan asset regulations[33:53] IRAs and depreciation[35:21] History of UDFI[37:34] UDFI, UBIT and taxes[41:18] Introduction to retirement accounts[43:46] Choosing between Roth and traditional IRA[45:14] Custodian fees[49:03] How to reach out to Derreck[50:50] OutroLinks mentioned:#10 - Reduce Your Taxes & Maximize Returns Using PROVEN Investment Strategies with Toby Mathis - https://podcasts.apple.com/us/podcast/10-reduce-your-taxes-maximize-reLegal 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....
#35 - Life Insurance Optimization and the Three-Pillar Investment Wealth-Building Strategy With Austin Dean
Sep 5 2023
#35 - Life Insurance Optimization and the Three-Pillar Investment Wealth-Building Strategy With Austin Dean
On this episode of Passive Income Pilots, Tait and Ryan interview Austin Dean.Austin Dean is the founder and CEO of Waystone Advisors, a financial advisory firm that helps clients align their wealth and financial planning objectives. Since 2010, he has worked in the financial industry, and since 2012, he has advised clients. Austin holds a degree in Business and Marketing from the University of Washington. He holds four designations that he obtained to gain an in-depth understanding of the financial situations people face and the tools that can assist them. Austin is passionate about sharing his knowledge with others, and he enjoys exchanging ideas and success stories with the community of individuals seeking to build and think differently about wealth.Austin discusses the benefits of using life insurance as a stable asset in a portfolio and highlights the importance of diversification. He touches on different types of life insurance policies, the role of real estate in financial planning, and the benefits of a balanced investment approach. He also explains how Waystone Advisors handles existing life insurance policies of clients and their ability to incorporate them into a broader financial plan, highlighting the firm's global perspective and ability to fine-tune strategies.Enjoy the show!Show notes:[0:00] Intro[3:31] Investing in real estate syndications[5:00] The three pillars of wealth design[7:26] Importance of structuring life insurance plans correctly[10:06] Considerations for funding timeline and cash availability[13:44] Leveraging whole life insurance as a wealth-building tool[15:59] The power of non-market correlation in real estate investing, and leveraging retirement accounts[21:36] Timing the jailbreak for tax flexibility and market opportunities[24:25] Pilot life insurance: protecting vs. building wealth[26:53] Information for pilots interested in jailbreaking and retirement planning resources[28:33] How to reach Waynestone Advisors[29:24] Reviewing and optimizing existing life insurance policies[31:52] Fine-tuning investments for maximum efficiency[34:30] The importance of managing emotions in investing[37:15] OutroLinks mentioned:The Three Pillars (pdf): https://drive.google.com/file/d/19h6BU2Ern-aICzasq-29-xVLegal 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....
#34 - Navigating Cash Balance Plans and Retirement for Airline and Corporate Pilots with Timothy Pope
Aug 29 2023
#34 - Navigating Cash Balance Plans and Retirement for Airline and Corporate Pilots with Timothy Pope
On this episode of Passive Income Pilots, Tait and Ryan interview Timothy Pope.Timothy Pope is a Certified Financial Planner and GA pilot who serves professional pilots across America. He has a Bachelor of Science degree from Wake Forest University. Before starting his practice in 2020, Tim worked as a financial planner at a large investment management firm for several years, followed by several years at a regional bank. Tim helps clients organize and optimize their financial lives using a straightforward planning process. He prefers an active, hands-on partnership where his clients’ goals, dreams, and values are central to their plans. Tim talks about the professional pilot industry, dissecting current trends in compensation, benefits, and corporate operators. He tackles retirement planning, age requirements, benefits, and the seemingly daunting Highly Compensated Employee limit. Tim dives into the new cash balance plans some airlines are rolling out and why they could mean smooth sailing for those nearing retirement. He rounds off with an overview of his firm's full-service financial planning and wealth management approach, designed to help professional pilots make the best of life.Enjoy the show!Show notes:[0:00] Intro[3:04] Background on Timothy and his practice[4:23] Market-based cash balance plan[6:41] Cash balance plans among airlines and tax deferral benefits[7:54] Losing control of investment selection[9:36] Company and union selection of money manager[15:32] Tax implications and potential future savings[21:07] Disadvantages of limited control and lack of allocation flexibility[23:27] Cash balance plan as an alternative for pilots[25:40] Positive developments in airline contracts and pilot benefits[27:27] How pilots can benefit from Tim's financial planning firm[28:35] Tax planning and strategizing with clients[31:14] How to connect with Tim[32:40] OutroConnect with Tim:Website: https://www.tpope.ceterainvestors.com/ LinkedIn: https://www.linkedin.com/in/timothyp-pope/ 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....
#33 - Mortgages, Refinancing, and Home Buying with Expert David Temko
Aug 22 2023
#33 - Mortgages, Refinancing, and Home Buying with Expert David Temko
On this episode of Passive Income Pilots, Tait and Ryan interview David Temko.David Temko is the President of C2 Financial, where he spearheads a highly skilled team committed to optimizing the value of C2 Financial loan officers, who serve as comprehensive real estate and financial experts. David is pivotal to the company's continued growth as the #1 Mortgage Broker in the nation with his dedication to quality. Before C2, David contributed significantly to southern California's Wells Fargo Commercial & Business Banking Group. He is a respected mortgage executive with extensive experience in commercial loans, sales, leasing, and banking.David discusses the impact of rising interest rates on the housing market and exploring opportunities despite higher rates. He talks about the benefits of buying now, the importance of considering tax benefits and potential appreciation, and the value of working with a mortgage broker like C2. David touches on refinancing, utilizing home equity, and the significance of local banks and credit unions. Overall, he stresses the value of real estate and the need to rely on experts for informed decisions.Enjoy the show!Show notes:[0:00] Intro[2:58] Less inventory and homeowners staying put due to low interest rates[3:36] Shift from underdevelopment to infill and existing homes, then to commercial brokerage[9:07] Learning from experience and finding specialists[13:48] Analyzing rent vs. buy decision and calculating costs[16:00] Long-term mortgage strategies and anticipated interest rate trends[18:29] The risk of rising interest rates[20:24] Costs of refinancing, and understanding interest rates and loan percentages[23:27] Utilizing HELOCs to consolidate debt and reduce interest rates[27:04] Blended interest rates, benefits in construction projects, and working with a mortgage broker[29:14] Uncertainty in banks and lending practices[32:23] Importance of matching complexity with the right mortgage broker[34:18] Pre-approval vs. pre-qualification[36:22] Expertise and long-term experience in the business[39:02] Understanding the factors that affect mortgage rates[41:08] Potential impact of interest rate changes on housing demand[44:30] Affordability driving people out of California into metropolitan areas[47:23] Importance of local banks and small businesses in the economy[49:11] Empowering homeownerLegal 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....
#32 - Tax Savvy Investing: The Power of Cost Segregation with Yonah Weiss
Aug 15 2023
#32 - Tax Savvy Investing: The Power of Cost Segregation with Yonah Weiss
On this episode of Passive Income Pilots, Tait and Ryan interview Yonah Weiss.Yonah Weiss is a cost segregation expert (#CostSegKing), real estate investor, and podcast host. With a background in teaching and a passion for education, Yonah helps property owners save millions of dollars in taxes with cost segregation. He has been featured on over 300 top real estate podcasts, sharing his insights and expertise on tax strategies. He also hosts his own podcast, Weiss Advice, where he interviews successful people from various fields. Yonah talks about the intricacies of cost segregation, debunking misconceptions and sharing the evolution of this method over the years. He discusses the role of engineering or construction knowledge in breaking down property elements for cost segregation. Yonah also sheds light on the implications of cost segregation on real estate investing, like the impact of high interest rates on investments and how financing affects each investor's depreciation deduction. He also unpacks the IRS regulations needed to qualify for a real estate professional status and discusses the real-world application of cost segregation in different real estate investments.Enjoy the show!Show notes:[0:00] Intro[7:54] What is cost segregation, and how Yonah started with it[11:27] Brief history of cost segregation[13:31] Straightline depreciation and tax deductions[16:10] Cost-seg for a single-family home[19:00] Yonah's background and journey to being a cost-seg expert[23:38] Cost segregation for personal rental properties[27:12] Non-bonus depreciation[29:09] Bonus depreciation[32:34] When it is not beneficial to do a cost segregation [34:41] Real estate professional status[38:24] Exceptions to the rule (loophole)[42:20] Deciding to do a cost segregation[43:54] What properties you can run a cost seg study on[46:19] Cost segregation on a new purchase vs. adding capital improvements[49:43] Cost seg on ground-up developments[50:36] Lower leverage environment[54:26] Appetite for depreciation[56:07] One thing that stood out to Yonah[59:01] Where to find Yonah[1:00:02] OutroConnect with Yonah:Podcast: Weiss Advice - https://podcasts.apple.com/us/podcast/weiss-advice/id1515387561 LinkedIn: 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....
#31 - Discover Profitable Oil and Gas Investments and Expert Strategies with Ben Fraser
Aug 8 2023
#31 - Discover Profitable Oil and Gas Investments and Expert Strategies with Ben Fraser
On this episode of Passive Income Pilots, Tait and Ryan interview Ben Fraser.Ben Fraser is Aspen Funds's Managing Director and CIO, a fund manager specializing in alternative income investments. He has over 10 years of experience in the financial industry, including commercial lending, credit underwriting, and energy infrastructure asset management. Ben was a key contributor to the growth of Tortoise Capital Advisors, a leading firm in energy infrastructure investments, from $3BN to $7BN in institutional managed accounts. He has an MBA from Azusa Pacific University and a B.S. in Finance from the University of Kansas.Ben talks about the oil and gas economics and the opportunities in this sector. He explains why the demand for oil and gas could remain steady or even rise in the future despite the green energy push. Ben dives deep into the intricacies of investing in oil and gas, uncovering the potential windfalls and pitfalls. He also sheds light on the benefits of a non-operated working interest and the tax advantages tied to oil and gas investments. He gives a comprehensive run-down of potential investment avenues, and mentions that currently, you can invest through capital raisers like Turbine Capital.Enjoy the show!Show notes:[0:00] Intro[2:21] About Ben and Aspen Funds[4:14] Oil and gas macroeconomics[10:27] Big Oil and the dynamics with medium and small operators[13:22] Historical trends in investing in oil[18:09] How many years an asset has in production[19:53] Effect of environmental issues on oil and gas investments[23:10] Oil and gas investment opportunities[30:30] Industry terms walkthrough[39:51] Invest with Aspen Funds through Turbine Capital[43:27] How to connect with Ben[43:58] OutroLinks mentioned:Find out more about Turbine Capital’s currently open opportunity:https://turbinecap.investnext.com/portal/offerings/4053/Connect with Ben:Podcast: https://www.thebillionairepodcast.com/ LinkedIn: https://www.linkedin.com/in/benwfraser/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....