By 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, bus
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The podcast currently has 88 episodes available.
Welcome 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 as the Director of Communications at FlightRadar24, where he has been instrumental in the company’s growth for over nine years. A leading voice in aviation technology, Ian is passionate about bringing complex flight-tracking data to life for professionals, enthusiasts, and everyday users. His expertise spans communications, aviation technology, and leveraging ADS-B data to enhance air traffic efficiency and safety.
Show notes:
(0:00) Intro
(2:35) How FlightRadar24 works and its features
(5:13) The accidental origins of FlightRadar24
(7:31) Practical uses for ADS-B technology
(12:43) Where is data transmitted to
(14:06) ADS-B out, ADS-B in, and ADS-C
(16:38) Their biggest customer
(18:22) Making air travel safer and more efficient
(21:16) FlightRadar24's 41,000 global receivers
(32:20) How to connect with Ian
(33:25) Outro
Connect with Ian Petchenik:
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You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.
Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/
Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots
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Follow us on X @IncomePilots: https://twitter.com/IncomePilots
Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/
Do you have questions or want to discuss this episode? Contact us at [email protected]
See you on the next one!
*Legal Disclaimer*
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.
Welcome 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 can transform your tax strategy and maximize your returns.
Erik Oliver is the Vice President of Cost Segregation Authority, specializing in helping real estate investors leverage cost segregation to reduce tax liabilities. Erik has guided clients across the U.S. in maximizing tax benefits through accelerated depreciation strategies. His expertise is making complex tax codes understandable and actionable, empowering investors to increase cash flow and build wealth.
For more resources, including a FREE cost-seg quote, visit: https://costsegauthority.com/passiveincomepilots
Show notes:
(0:00) Intro
(2:37) Erik’s journey into cost segregation
(4:07) Understanding depreciation in real estate
(7:16) How cost segregation studies accelerate depreciation
(9:38) Tax advantages of short-term rentals and cost segregation
(15:26) Real-world example: Tax savings from short-term rentals
(19:52) Bonus depreciation and its impact on cost segregation
(29:30) Retroactively applying cost segregation to past investments
(33:19) Questions from the forum
(45:53) How to connect with Erik
(47:19) Outro
Connect with Erik Oliver:
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You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.
Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/
Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots
Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/
Follow us on X @IncomePilots: https://twitter.com/IncomePilots
Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/
Do you have questions or want to discuss this episode? Contact us at [email protected]
See you on the next one!
*Legal Disclaimer*
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.
Welcome 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 retirement income.
Rod Zabriskie is the President of Money Insights, where he works directly with clients and leads the team in building a positive, client-focused environment. He began his career in financial services in 2009 after a decade in small business. Rod holds an MBA with an emphasis in entrepreneurship and a degree in Marketing Communications. He and his wife, Jodi, are the proud parents of seven children.
Brenyn McConnell is a senior wealth strategist at Money Insights, specializing in high-cash-value life insurance to boost cash flow and tax benefits for high-income clients. A Utah Valley University graduate, Brenyn entered financial services in 2018 and joined Money Insights in 2020. He focuses on integrating life insurance with alternative investments, helping clients achieve financial growth and legacy goals through customized strategies.
For more resources, including free consultation, visit Money Insights' dedicated page for Passive Income Pilots listeners and check out their recent webinar that illustrates investment strategies with whole life policies.
Show notes:
(0:00) Intro
(01:24) Impact of recent Fed rate cut on investment strategies
(03:18) Whole life insurance as a tool for passive income
(04:30) Explanation of the Investment Optimizer concept
(05:32) Benefits of tax-free growth and policy loans
(10:09) How banks and corporations use similar strategies
(14:43) Lump sum vs. monthly payments for funding policies
(21:08) Deciding between real estate investment vs. life insurance funding
(32:15) Using policies in retirement and legacy planning
(39:01) Outro
Connect with Money Insights:
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You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.
Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/
Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots
Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/
Follow us on X @IncomePilots: https://twitter.com/IncomePilots
Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/
Do you have questions or want to discuss this episode? Contact us at [email protected]
See you on the next one!
*Legal Disclaimer*
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.
In 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. With a background as both a financial planner and a pilot, Jesse has unique expertise in navigating complex airline contracts and retirement benefits. His insights on market-based cash balance plans, 401(k) limits, and tax-efficient investing make him one of the leading voices in financial planning for aviators. Jesse’s practical approach provides pilots with the knowledge and tools to optimize their retirement strategies and achieve lasting financial security.
🤝 Meet us in person on November 11th in Atlanta, GA. Space is limited, so be sure to RSVP: https://bit.ly/PassiveIncomePilotsATL112024.
Show notes:
(0:00) Intro
(6:54) 401(k) basics: contribution types, limits, and Roth vs. traditional
(12:47) What happens to contributions after hitting income caps
(15:28) Mega backdoor Roth strategies for pilots
(18:45) After-tax contributions explained for higher retirement savings
(26:27) Tax implications of withdrawals from Roth vs. traditional accounts
(30:47) Spillover 401(k) contributions: how cash balance plans work
(35:15) Conservative investment options within cash balance plans
(51:18) Managing cash balance options after retirement
(52:57) Outro
Article mentioned:
Market Based Cash Balance Plan Considerations for Delta Pilots (By Jesse Reed, CFP®, BFA™): https://creativeplanning.com/insights/financial-planning/delta-pilots-mbcbp/
Connect with Jesse:
—
You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.
Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/
Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots
Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/
Follow us on X @IncomePilots: https://twitter.com/IncomePilots
Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/
Do you have questions or want to discuss this episode? Contact us at [email protected]
See you on the next one!
*Legal Disclaimer*
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.
In 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 four bestsellers with over 20 years of experience in legal and tax strategies for small business owners, entrepreneurs, and real estate investors. As the founder of a tax law firm and a self-directed IRA company, he brings expertise in tax structuring, asset protection, and strategic investments. Mark shares invaluable insights on maximizing tax savings for high-income professionals, helping listeners navigate complex legal frameworks to protect and grow their wealth.
🤝 Meet us in person on November 11th in Atlanta, GA. Space is limited, so be sure to RSVP: https://bit.ly/PassiveIncomePilotsATL112024.
Show notes:
(0:00) Intro
(6:41) Mark’s background in tax law and small business
(09:17) Tax and Legal 101
(13:38) LLCs for Pilots
(17:31) Employing your kids
(23:15) Documenting board meetings
(26:35) 401A and Roth IRA conversion
(32:52) Self-directed HSAs
(35:49) HSAs for military pilots
(39:22) Cattle ranching in HSAs
(42:44) Hobby loss rules
(46:56) Buying rental property in IRAs
(52:23) The short-term rental loophole
(58:40) Outro
Connect with Mark:
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You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.
Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/
Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots
Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/
Follow us on X @IncomePilots: https://twitter.com/IncomePilots
Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/
Have questions or want to discuss this episode? Contact us at [email protected]
See you on the next one!
*Legal Disclaimer*
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.
In 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.
Jim Higgins is a University of North Dakota professor and the co-founder and Chief Operating Officer of Thread, a tech startup specializing in utility line inspections using drones and data analytics. With a background as a pilot, union leader, and tech entrepreneur, Jim brings knowledge on leadership, financial strategy, and the intersection of aviation and technology. His diverse experience provides valuable insights for airline professionals looking to diversify their careers and income streams.
🤝 Meet us in person on November 11th in Atlanta, GA. Space is limited, so be sure to RSVP: https://bit.ly/PassiveIncomePilotsATL112024.
Show notes:
(0:00) Intro
(3:15) Leadership and financial lessons from 9/11
(5:30) Defined benefit vs. defined contribution explained
(8:48) Portability of 401ks for pilots
(10:44) Self-directed IRAs and investment strategies
(14:36) Union perspective and contract negotiations
(17:20) Health savings accounts (HSAs) and retirement
(19:40) Teaching financial literacy to aspiring pilots
(23:00) Time value of money and debt management
(26:35) Building apps with AI and micro SaaS
(33:35) Depreciating software for tax benefits
(38:54) Leadership lessons applicable to aviation
(43:47) Outro
Check A.M. Best for insurance company ratings:
https://web.ambest.com/home
Connect with Jim:
—
You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.
Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/
Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots
Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/
Follow us on X @IncomePilots: https://twitter.com/IncomePilots
Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/
Have questions or want to discuss this episode? Contact us at [email protected]
See you on the next one!
*Legal Disclaimer*
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.
Welcome back to another exciting episode of Passive Income Pilots! This week, Tait and Ryan talk with Jules Sneddon and Trevor Moss from the National Real Estate Insurance Group to explore everything you need to know about insuring your real estate investments. From protecting against storm damage to navigating the rising insurance costs in high-risk areas like Florida, Jules and Trevor break down the essentials. They share expert tips on choosing the right coverage, avoiding common pitfalls, and how to vet a reliable insurance carrier.
Jules Sneddon is the Executive Vice President of Sales and Marketing at National Real Estate Insurance Group, with over 32 years of experience in the insurance industry. She is also a licensed real estate agent and soon-to-be broker. Jules is known for her expertise in helping real estate investors navigate complex insurance needs, ensuring they have the right portfolio coverage.
Trevor Moss, the Director of Program Sales with 3.5 years at NREIG, is dedicated to ensuring investors are fully protected and educated about their insurance options.
🤝 Meet us in person on November 11th in Atlanta, GA. Space is limited, so be sure to RSVP: https://bit.ly/PassiveIncomePilotsATL112024.
Show notes:
(0:00) Intro
(5:20) Why flood insurance is crucial in storm-prone areas
(7:33) Impact of hurricanes on the insurance industry
(10:28) How to vet a reliable insurance carrier
(13:21) Red flags in property insurance policies
(17:19) What is the National Real Estate Insurance Group?
(19:35) Pros and cons of umbrella policies
(26:30) Evaluating risk vs. reward in Florida property insurance
(33:36) Choosing a higher deductible for a lower insurance cost
(36:55) Up and coming in the real estate industry
(41:10) Importance of documenting contents in rental properties
(43:45) Business interruption and loss of rents insurance explained
(46:31) Unusual claims and lessons learned
(50:41) How to contact National Real Estate Insurance Group
(51:22) Outro
Check A.M. Best for insurance company ratings: https://web.ambest.com/home
Connect with Jules and Trevor:
Visit the NREIG website today: http://affiliate.nreig.com/PassiveIncomePilots
Phone: 888-741-8454
Email: [email protected] (Trevor Moss)
—
You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.
Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/
Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots
Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/
Follow us on X @IncomePilots: https://twitter.com/IncomePilots
Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/
Have questions or want to discuss this episode? Contact us at [email protected]
See you on the next one!
*Legal Disclaimer*
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.
Welcome back to another inspiring episode of Passive Income Pilots! In this episode, Tait and Ryan sit with Colonel Eileen Collins, the first woman to command a NASA space shuttle. Colonel Collins shares her incredible journey, from becoming a pilot to breaking barriers in space exploration. She dives into leadership lessons, risk management, and the challenges of balancing family life with her high-flying career. Whether you’re an aspiring astronaut, pilot, or leader, this episode is packed with valuable insights and motivational stories that inspire you to aim higher!
Colonel Eileen Collins is a retired NASA astronaut and the first woman to command a space shuttle. With over 800 hours in space, she’s an aviation and space exploration trailblazer. Throughout her career, Collins broke barriers, serving as a U.S. Air Force test pilot and instructor before flying four space shuttle missions. In this episode, she shares her inspiring story of leadership, determination, and balancing family life with a high-risk career, offering invaluable lessons for anyone looking to reach new heights.
🤝 Meet us in person on November 11th in Atlanta, GA. Space is limited, so be sure to RSVP: https://bit.ly/PassiveIncomePilotsATL112024.
Show notes:
(0:00) Intro
(3:17) Early flying interest and the path to becoming a pilot
(4:50) Grit and determination to become an astronaut
(7:48) Balancing space missions with family life
(9:51) Reflection on the Columbia disaster and risk management
(17:56) The thrill and intensity of a shuttle launch
(25:37) Re-entry and adjusting to life back on Earth
(30:31) Leadership lessons and insights
(48:11) Future of commercial space travel and accessibility
(53:07) The physics of shuttle re-entry
(58:34) Closing thoughts and details on Collins' book and upcoming documentary
(1:01:10) Outro
Connect with Col. Collins:
Book: Through the Glass Ceiling to the Stars: The Story of the First American Woman to Command a Space Mission - https://amzn.to/4eWIYwu
LinkedIn: https://www.linkedin.com/in/eileen-collins-8a582351/
—
You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.
Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/
Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots
Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/
Follow us on X @IncomePilots: https://twitter.com/IncomePilots
Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/
Have questions or want to discuss this episode? Contact us at [email protected]
See you on the next one!
*Legal Disclaimer*
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.
In this episode of Passive Income Pilots, Tait and Ryan sit down with Casey Roloff, the visionary behind Seabrook, a seaside town in Washington. They explore how pilots and high-income professionals can strategically invest in real estate within Opportunity Zones while leveraging short-term rental tax loopholes and self-directed IRAs for significant tax benefits. Casey shares his inspiring journey from house painting to developing Seabrook, highlighting how investors can balance lifestyle with passive income opportunities. Discover how a well-placed seaside investment can create long-term value, financial gains, and personal enjoyment.
Casey Roloff is the founder and developer of Seabrook, Washington, a master-planned seaside community. With no prior development experience, Casey started by building custom homes and eventually expanded his vision to develop Seabrook, now a thriving 700-acre coastal town. He specializes in combining walkable, community-focused design with real estate investment strategies, particularly within Opportunity Zones. Casey’s unique approach offers investors a rare blend of lifestyle enhancement and financial growth, making him a leading figure in sustainable real estate development.
Show notes:
(0:00) Intro
(1:04) Casey’s journey to town developer
(11:21) Lessons on perseverance and financing
(13:37) Financials of owning in Seabrook
(26:27) Opportunity Zones and tax benefits
(31:14) Combining OZs and STR loopholes
(43:34) Seabrook's future developments preview
(49:55) How to learn more about Seabrook
(50:30) Outro
Connect with Casey:
Seabrook Website: https://www.seabrookwa.com
Seabrook Instagram: https://www.instagram.com/seabrookwa
Seabrook Facebook: https://www.facebook.com/SeabrookWA
Seabrook YouTube: https://www.youtube.com/user/seabrookwa
—
You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.
Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/
Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots
Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/
Follow us on X @IncomePilots: https://twitter.com/IncomePilots
Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/
Have questions or want to discuss this episode? Contact us at [email protected]
See you on the next one!
*Legal Disclaimer*
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.
Welcome back to another exciting episode of the Passive Income Pilots! Today, Tait and Ryan dive into the world of aircraft ownership, tax advantages, and leaseback strategies with guest Luke Lysen from The Flight Academy and Aerista. They explore how pilots and high-income earners can purchase an aircraft, rent it out to a flight school, and leverage tax benefits to offset costs, turning a passion for flying into a financially viable investment. If you've ever dreamt of owning an aircraft or are curious about the tax strategies that make it feasible, this episode is for you!
Luke Lysen is the president of The Flight Academy, a boutique flight school specializing in Cirrus aircraft, and Cirrus SF50 Jet Sales Director at Aerista. With decades of experience in general aviation, Luke helps clients purchase, lease, and manage their aircraft while navigating the complexities of ownership and maximizing tax advantages. His hands-on approach and expertise in Cirrus aircraft make him a trusted advisor for pilots and aviation enthusiasts.
Enjoy the show!
Show notes:
(0:00) Intro
(2:00) Leaseback concept explained
(7:28) The joys of general aviation
(10:40) Leaseback program details
(13:03) Bonus depreciation benefits
(19:17) Reducing taxable income with aircraft
(30:36) Aircraft financing options
(40:12) Buying a Cirrus: timeline and process
(44:06) How to connect with Luke
(44:20) Outro
Connect with Luke:
Website: http://www.theflightacademy.com/
Website 2: http://www.aerista.com
LinkedIn: https://www.linkedin.com/in/luke-lysen-90a5085a
Instagram: https://www.instagram.com/cirruslifepilot/
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