Today on Passive Income Pilots, Tait and Ryan share their candid experiences with passive and active investment deals. Inspired by the aviation industry's ASAP reports, they offer real-life lessons for pilots and investors. Ryan recounts his cautionary tale in real estate investing, while Tait discusses his blunders with his first passive deal. Together, they provide actionable advice and strategies to help listeners navigate their investment journey. Enjoy the show!
(00:00) Intro
(01:12) What is an ASAP report?
(03:14) Ryan recommends listening to your wife and having a plan when investing
(07:44) How Ryan does due diligence on a syndicator or operator
(10:55) Tait's first passive deal
(16:02) Interviewing referrals
(20:07) Transitioning to commercial real estate investing
(22:53) Legally avoid property tax increases
(25:00) Dealing with contractors
(34:00) Outro
Resources Mentioned
#9 - Demystifying IRAs: Transfers Vs. Rollovers with Carrie Cook
The Tax Advantages of Being an Investor
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Legal Disclaimer
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing.