Passive Income Pilots

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!

Timestamped Show Notes

(00:00) Intro

(03:40) From attorney to pilot

(06:47) Financing for aspiring aviators vs. later-in-life individuals

(09:13) 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) Outro

Connect with Anthony

Website: https://stratus.finance/

LinkedIn: https://www.linkedin.com/company/stratus-financial/

LinkedIn: https://www.linkedin.com/in/anthony-geraci/ 

---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.

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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. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing.

...

On this episode of Passive Income Pilots, Tait and Ryan interview 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!

Timestamped Show Notes

(00:00) Intro

(03:42) Introduction and background on college planning

(06:36) Early-stage vs. late-stage college planning

(08:04) 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) Outro

Connect with Brad

Website: https://tamingthehighcostofcollege.com/

Website: https://bradbaldridge.com/

LinkedIn: https://www.linkedin.com/in/bradbaldridge/ 

---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!

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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.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.

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!

Timestamped Show Notes

(00:00) Intro

(03:06) Rich Fettke's journey into real estate investing success

(07:52) Rich's first real estate deal: Lessons learned

(10:44) The importance of life balance and achieving real wealth

(13:17) Living a rich life beyond just financial gains

(14:21) Strategies for balancing work and personal life effectively

(18:29) How to strike the perfect work-life balance

(20:46) The importance of health and practicing deep work

(22:05) Setting identity-based goals and evaluating sacrifices for success

(23:48) Aligning your goals with the person you want to become

(27:37) What financial freedom truly means

(31:00) Differences between retirement accounts and achieving financial freedom

(32:16) The transformative power of coaching for personal and professional growth

(36:18) The value of coaching beyond just business success

(39:31) What Real Wealth Network is all about

(42:50) The top 3 real estate markets Rich is investing in and other investment opportunities

(45:43) Outro

Resources Mentioned

Real Estate News for Investors

The Real Wealth Show

---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!

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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. 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.

On this episode of Passive Income Pilots, Tait and Ryan dive into the dynamic world of short-term rentals with Alex Jarbo, the founder and CEO of Open Atlas Investments. Alex is a trailblazing entrepreneur revolutionizing the vacation rental and hospitality industry through innovative micro-resort developments. With a remarkable portfolio exceeding $10 million in unique short-term rentals, Alex shares his expert insights on how to unlock the full potential of this lucrative market. Discover the benefits and tax advantages of vacation rentals, and learn about effective underwriting strategies. Alex also delves into the nuances of regulations, themed properties, and the best distribution channels and software for managing your rentals. Plus, get tips on ensuring top-notch cleaning and security measures to keep your properties in peak condition. Tune in and elevate your understanding of the thriving short-term rental industry. Enjoy the show!

Timestamped Show Notes

(00:00) Intro

(02:58) A brief background on Alex Jarbo, founder and CEO of Open Atlas Investments

(07:30) What drew Alex to invest in short-term rental properties

(10:12) Comparing short-term rentals, midterm rentals, and vacation rentals: Key differences

(11:55) Navigating vacation rental regulations in different locations

(15:52) Understanding vacation rental laws and hotel permits

(18:49) Utilizing Airbnb for distribution and marketing strategy

(20:09) Exploring property management software and understanding service fees

(22:11) Tips for finding reliable cleaners for short-term rentals

(24:00) Furnishing and creating themed short-term rental properties

(26:44) Effective strategies for managing guest bookings and preventing parties

(28:51) Handling schedule changes with your cleaning company

(30:01) Syndicating short-term rental properties: Benefits and strategies

(31:21) How to learn more about Alex Jarbo and Open Atlas Investments

(32:45) Outro

Resources Mentioned

#10 - Reduce Your Taxes & Maximize Returns Using PROVEN Investment Strategies with Toby Mathis

#14 - Depreciation Demystified: Cost Segregation and Tax Savings in Real Estate with Toby Mathis

Connect with Alex

Website: https://openatlas.investments/

---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!

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Follow us on X @IncomePilots

Get our updates on LinkedIn

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. 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.

On this episode of Passive Income Pilots, Tait and Ryan interview Derreck Long, a Senior IRA Specialist at Quest Trust Company. Quest Trust manages IRAs for alternative investments such as real estate, notes, oil and gas, and private placements. Derreck, a Self-Directed IRA and Solo 401K Expert since 2017 with a CISP from the American Banking Association, has spoken at hundreds of events nationwide and participated in lobbying efforts with Congress. He provides invaluable insights into self-directed IRAs, detailing ways to fund retirement accounts, contribution limits, and the process of rolling over a Thrift Savings Plan (TSP). Derreck also demystifies complex terms like Unrelated Debt-Financed Income (UDFI) and Unrelated Business Income Tax (UBIT), explaining their impact on IRA investments and potential tax implications. Additionally, he discusses the effect of new tax laws on custodian investments, offering expert advice to help navigate these changes. Enjoy the show!

Timestamped Show Notes

(00:00) Intro

(01:31) Understanding self-directed IRAs and custodians

(03:39) Comparing active employer funds vs. external funds

(04:53) Eligible investments for an IRA

(07:02) Strategies for getting money into a retirement account

(10:46) Steps to setting up a self-directed IRA

(12:18) Informing your old plan provider about your new self-directed IRA

(14:52) Choosing the right custodian for self-directed investments

(17:58) Specialized custodians for different types of investments

(20:38) Contribution limits and consolidating retirement accounts

(21:25) Rolling over a TSP to an IRA: What you need to know

(23:10) Importance of due diligence and working with experts for IRAs

(25:28) Personalized customer service and assistance with IRAs

(29:24) Why some syndicators avoid IRAs due to plan asset regulations

(33:53) Understanding how IRAs and depreciation work together

(35:21) The history and impact of UDFI

(37:34) Navigating UDFI, UBIT, and taxes for your IRA

(41:18) Introduction to different types of retirement accounts

(43:46) Choosing between a Roth IRA and a traditional IRA

(45:14) Understanding custodian fees for self-directed IRAs

(49:03) How to reach out to Derreck Long for more information

(50:50) Outro

Resources Mentioned

#10 - Reduce Your Taxes & Maximize Returns Using PROVEN Investment Strategies with Toby Mathis

---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.

Remember to subscribe for more insights at PassiveIncomePilots.com!

Join our growing community on Facebook

Check us out on Instagram @PassiveIncomePilots

Follow us on X @IncomePilots

Get our updates on LinkedIn

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. 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.

On this episode of Passive Income Pilots, Tait and Ryan interview Austin Dean, the founder and CEO of Waystone Advisors. With over a decade of experience in the financial industry and a degree in Business and Marketing from the University of Washington, Austin brings a wealth of knowledge to the table. As a seasoned financial advisor, he holds four designations that enable him to provide deep insights into various financial situations and the tools to navigate them. Austin passionately shares his expertise on leveraging life insurance as a stable asset, emphasizing the importance of diversification and a balanced investment approach. He delves into different types of life insurance policies, the strategic role of real estate in financial planning, and how Waystone Advisors integrates existing life insurance policies into comprehensive financial plans. Tune in to learn how to optimize your wealth-building strategies with Austin's innovative approach and global perspective. Enjoy the show!

Timestamped Show Notes

(00:00) Intro

(03:31) Investing in real estate syndications: Strategies and benefits

(05:00) The three pillars of wealth design: A comprehensive approach

(07:26) Importance of structuring life insurance plans correctly for optimal benefits

(10:06) Key considerations for funding timelines and cash availability

(13:44) Leveraging whole life insurance as a powerful 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) Essential information for pilots interested in jailbreaking and retirement planning resources

(28:33) How to reach Waynestone Advisors for expert guidance

(29:24) Reviewing and optimizing existing life insurance policies for better returns

(31:52) Fine-tuning investments for maximum efficiency and growth

(34:30) The importance of managing emotions in investing for long-term success

(37:15) Outro

---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.

Remember to subscribe for more insights at PassiveIncomePilots.com!

Join our growing community on Facebook

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Follow us on X @IncomePilots

Get our updates on LinkedIn

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. 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.

On this episode of Passive Income Pilots, Tait and Ryan interview Timothy Pope, a Certified Financial Planner and GA pilot dedicated to serving professional pilots across America. With a Bachelor of Science degree from Wake Forest University, Tim brings extensive experience from his previous roles at a large investment management firm and a regional bank before starting his own practice in 2020. Tim excels at helping clients organize and optimize their financial lives through a straightforward planning process and an active, hands-on partnership that prioritizes their goals, dreams, and values. In this episode, Tim delves into the professional pilot industry, exploring current trends in compensation, benefits, and corporate operators. He also addresses retirement planning, age requirements, benefits, and the Highly Compensated Employee limit. Tim highlights the advantages of new cash balance plans introduced by some airlines, which offer promising opportunities for those nearing retirement. He concludes with an overview of his firm's comprehensive financial planning and wealth management approach, designed to help professional pilots achieve their best financial life. Enjoy the show!

Timestamped Show Notes

(00:00) Intro

(03:04) Background on Timothy Pope and his financial planning practice

(04:23) Exploring market-based cash balance plans for pilots

(06:41) Cash balance plans among airlines and their tax deferral benefits

(07:54) Challenges of losing control over investment selection

(09:36) Company and union selection of money managers explained

(15:32) Understanding tax implications and potential future savings

(21:07) Disadvantages of limited control and lack of allocation flexibility in cash balance plans

(23:27) Cash balance plans as an alternative retirement option for pilots

(25:40) Positive developments in airline contracts and enhanced pilot benefits

(27:27) How pilots can benefit from Timothy Pope's financial planning firm

(28:35) Effective tax planning and strategizing with clients

(31:14) How to connect with Timothy Pope for financial advice

(32:40) Outro

Connect with Tim

Website: https://www.tpope.ceterainvestors.com/

LinkedIn: https://www.linkedin.com/in/timothyp-pope/ 

---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.

Remember to subscribe for more insights at PassiveIncomePilots.com!

Join our growing community on Facebook

Check us out on Instagram @PassiveIncomePilots

Follow us on X @IncomePilots

Get our updates on LinkedIn

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. 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.

On this episode of Passive Income Pilots, Tait and Ryan interview David Temko, President of C2 Financial, the nation's leading mortgage broker. David leads a team of expert loan officers and has extensive experience in commercial loans, sales, leasing, and banking. He discusses the impact of rising interest rates on the housing market, the benefits of buying now, tax advantages, potential appreciation, and the critical role of mortgage brokers. David also covers refinancing, leveraging home equity, and the importance of local banks and credit unions. He emphasizes the enduring value of real estate and the necessity of informed decision-making with expert guidance. Enjoy the show!

Timestamped Show Notes

(00:00) Intro

(02:58) Less inventory and homeowners staying put due to low interest rates

(03:36) Shift from underdevelopment to infill and existing homes, then to commercial brokerage

(09:07) Learning from experience and finding specialists in real estate

(13:48) Analyzing the 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 and its impact

(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 affecting loans

(32:23) Importance of matching complexity with the right mortgage broker

(34:18) Pre-approval vs. pre-qualification: What you need to know

(36:22) Expertise and long-term experience in the mortgage 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 homeowners with knowledge and resources

---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.

Remember to subscribe for more insights at PassiveIncomePilots.com!

Join our growing community on Facebook

Check us out on Instagram @PassiveIncomePilots

Follow us on X @IncomePilots

Get our updates on LinkedIn

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. 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.

On this episode of Passive Income Pilots, Tait and Ryan interview Yonah Weiss, the #CostSegKing. Yonah is a renowned cost segregation expert, real estate investor, and host of the Weiss Advice podcast. With a background in teaching, Yonah educates property owners on saving millions in taxes through cost segregation. Featured on over 300 real estate podcasts, he shares insights on tax strategies, debunks misconceptions, and explains the evolution of cost segregation. Yonah discusses the importance of engineering knowledge in cost segregation, its impact on real estate investing, and navigating IRS regulations for real estate professional status. Enjoy the show!

Timestamped Show Notes

(00:00) Intro

(07:54) What is cost segregation and how Yonah Weiss started with it

(11:27) Brief history of cost segregation in real estate

(13:31) Understanding straight-line depreciation and tax deductions

(16:10) Applying cost segregation for a single-family home

(19:00) Yonah Weiss's background and journey to becoming a cost segregation expert

(23:38) Cost segregation for personal rental properties

(27:12) Understanding non-bonus depreciation

(29:09) Insights on bonus depreciation benefits

(32:34) When it is not beneficial to conduct a cost segregation study

(34:41) Qualifying for real estate professional status

(38:24) Exceptions to the rule and leveraging loopholes

(42:20) Deciding when to pursue a cost segregation study

(43:54) Identifying properties eligible for a cost segregation study

(46:19) Cost segregation on new purchases vs. adding capital improvements

(49:43) Applying cost segregation to ground-up developments

(50:36) Navigating a lower leverage environment

(54:26) Appetite for depreciation among investors

(56:07) One standout insight from Yonah Weiss

(59:01) Where to find Yonah Weiss

(1:00:02) Outro

Resources Mentioned

Podcast: Weiss Advice

---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.

Remember to subscribe for more insights at PassiveIncomePilots.com!

Join our growing community on Facebook

Check us out on Instagram @PassiveIncomePilots

Follow us on X @IncomePilots

Get our updates on LinkedIn

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. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing.

On this episode of Passive Income Pilots, Tait and Ryan interview Ben Fraser, Managing Director and CIO of Aspen Funds. Ben, an expert in alternative income investments, shares his extensive experience in the financial industry, including roles in commercial lending, credit underwriting, and energy infrastructure asset management. He played a significant role in expanding Tortoise Capital Advisors from $3BN to $7BN in institutional managed accounts. With an MBA from Azusa Pacific University and a B.S. in Finance from the University of Kansas, Ben discusses the economics of oil and gas, highlighting investment opportunities and the potential stability of demand despite the green energy movement. He explains the intricacies of oil and gas investing, including non-operated working interests and tax advantages, and provides insights into current investment opportunities through Turbine Capital. Enjoy the show!

Timestamped Show Notes

(00:00) Intro

(02:21) About Ben and Aspen Funds

(04:14) Understanding oil and gas macroeconomics

(10:27) Dynamics between Big Oil and medium/small operators

(13:22) Historical trends in investing in oil

(18:09) Asset production lifespan in the oil industry

(19:53) Environmental issues affecting oil and gas investments

(23:10) Exploring oil and gas investment opportunities

(30:30) Industry terms walkthrough for oil and gas

(39:51) Investing with Aspen Funds through Turbine Capital

(43:27) How to connect with Ben

(43:58) Outro

Connect with Ben:

Podcast: https://www.thebillionairepodcast.com/

LinkedIn: https://www.linkedin.com/in/benwfraser/

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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.