Passive Income Pilots

We are thrilled to have John Chang on this episode of Passive Income Pilots. As the National Director of Research Services for Marcus & Millichap, the leading commercial real estate brokerage in the U.S., John leads a team of 20 analysts to produce cutting-edge market forecasts. He speaks at over 50 conferences annually, sharing his deep expertise. Fresh from a recent Fed meeting, John delivers mind-blowing revelations about the state of the real estate market and the top investment opportunities in a 45-minute presentation with slides. Don't miss this game-changing episode, Watch it on our YouTube channel!

Timestamped Show Notes

(00:00) Intro

(01:38) About John Chang, National Director of Research Services for Marcus & Millichap

(03:39) Why you should invest in commercial real estate

(11:51) The economic outlook, recession indicators, and key drivers of commercial real estate

(16:57) Unemployment rates, labor shortage, and employment growth

(21:26) The consumer price index, producer price index, core personal consumption expenditures, and the Federal Reserve

(23:35) Bank shutdowns, bank reserves, and lending standards

(26:27) CRE performance in different property types

(43:14) The sales market in commercial real estate

(49:38) The effect of rising interest rates and mortgages on commercial real estate

(54:15) What John looks at when investing in commercial real estate

(58:32) What property type John is bearish on

(1:00:40) Outro

Connect with Jonathan:

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

Website: https://www.marcusmillichap.com/ 

---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.

Today on Passive Income Pilots, Tait and Ryan delve into SEC rules and the key differences between 506B and 506C offerings. They explain what it takes to become an accredited investor and discuss the transformative impact of the JOBS Act of 2012. You'll learn about the investor accreditation process, including how to prove your status to operators and the benefits of using third-party verification companies. They also highlight the important role that attorneys, CPAs, and financial advisors play in validating accredited status. Enjoy the show!

Timestamped Show Notes

(00:00) Intro

(02:46) History of the regulation: Understanding its origins

(04:20) The JOBS Act: Key provisions and impact on investors

(05:22) Accredited investor: Definition and requirements

(09:15) Proving your accreditation: Steps and documentation needed

(12:47) What needs to be done if you're not accredited: Alternative investment options

(19:21) Your information is kept confidential: Privacy and security measures

(21:01) 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

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 Alex Felice, the creative director for the BetterLife podcast, real estate investor, and talented photographer. Alex, an Army veteran and globe traveler, shares his journey from financial struggle to success in the rental property market, inspired by the BiggerPockets podcast. He created the blog "Broke is a Choice" to help others achieve financial freedom through real estate. Alex discusses the benefits of real estate investing, such as steady cash flow and long-term stability, and emphasizes the importance of a supportive network, making sacrifices, and setting clear financial goals. Enjoy the show!

Timestamped Show Notes

(00:00) Intro

(03:28) Alex Felice's background and journey to financial freedom

(07:30) Key factors that helped Alex turn his life around

(11:47) How Alex got started in real estate investing

(13:56) Comparing stock investments and real estate: Why Alex chose real estate

(17:20) Alex's perspective on the US economic system

(20:22) What Alex would have done differently if he had initial capital

(23:56) Tips on saving money and avoiding lifestyle creep

(29:16) Alex's current projects and interests

(33:55) Ryan shares a relatable story for listeners

(37:20) Alex's favorite book: Antifragile by Nassim Nicholas Taleb

(39:05) How Alex bought a house he couldn't afford and made a profit

(42:00) The BRRR strategy: Buy, rehab, rent, refinance, and why it’s not ideal for pilots

(44:01) Alex's current investment strategy

(48:49) Alex's favorite book and investment philosophy

(51:50) The benefits of attending conferences for success

(52:26) How to find out more about Alex Felice

(52:42) Outro

Resources Mentioned

#20 - The Economic Landscape, Recession, Investing, and the Impact of AI Technology with Neal Bawa

Planet Money Summer School 2: Index Funds & The Bet

---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, Ryan interviews Aaron Saunders, President of Spartan Construction Management. With over 15 years of construction leadership experience, Aaron has managed projects totaling over $150M, from single-family rentals to multifamily developments. He reveals the secrets to mitigating risk and ensuring success in developing a new self-storage project in Bellevue, Florida. Aaron discusses obtaining permits, navigating zoning complexities, building community relationships, and conducting thorough due diligence when purchasing land. He also shares insights on construction project management and contractor selection. This episode is a must-listen for anyone in real estate or construction. Enjoy the show!

Timestamped Show Notes

(00:00) Intro

(06:45) Mitigating risks in construction entitlements

(07:43) Cost of entitling a property before purchase

(08:55) Understanding full entitlement in property development

(10:56) What is an annexed property?

(14:29) Importance of vetting the civil engineer

(20:03) Getting a geotech analysis and conducting a survey

(23:52) Conducting an environmental study for property development

(28:47) Building permit risk management

(31:51) Navigating local requirements for construction

(33:38) Due diligence and property development risks

(39:34) Understanding city requirements for development projects

(42:26) Designing and budgeting for a self-storage facility

(46:25) Master service agreement and AIA contracts

(55:17) Choosing the right contractor for your project

(1:03:53) Managing general conditions in construction projects

---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.

Today on Passive Income Pilots, Tait and Ryan dive into the concept of "yield on cost," highlighting its importance in evaluating investment returns. They provide a comprehensive guide on interpreting yield on cost numbers to help listeners make informed investment decisions. The episode covers common pitfalls during the lease-up period and offers strategies to mitigate risks and protect investments. Additionally, Tait and Ryan tackle the stigma surrounding development deals, debunking misconceptions and emphasizing the lucrative opportunities these projects can offer. Enjoy the show!

Timestamped Show Notes

(00:00) Intro

(01:44) Understanding the risk spectrum in investments

(03:14) What is yield on cost and why it matters

(09:57) How to interpret yield on cost numbers effectively

(12:28) Two ways investors can lose money during a lease-up period

(14:59) Key factors in evaluating investment deals

(16:28) The stigma around development deals and addressing misconceptions

(19:56) Outro

Related Episode

#15 - Why Commercial Real Estate Trumps Residential

---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 Trevor Flor, a seasoned real estate professional with extensive experience in residential and commercial transactions. A UC Santa Barbara graduate, Trevor founded his own brokerage firm and expanded into commercial real estate. With a background in underwriting over $1.5 billion in medical-related real estate and participating in over $200 million in transactions, Trevor's analytical skills are unmatched. A former Navy F-18 Super Hornet pilot and instructor, he holds an MBA from the University of North Carolina and an MS in Real Estate from Fordham University. At DAI Securities, LLC, Trevor specializes in due diligence for real estate investments and is an expert in 1031 exchanges, Qualified Opportunity Zones, and private syndications. He shares his journey from Navy pilot to real estate expert, explaining 1031 exchanges and Delaware Statutory Trusts (DSTs), their historical context, and their role in managing tax liabilities. Trevor also explores the evolution of syndication structures and the impact of the Securities Act. Enjoy the show!

Timestamped Show Notes

(00:00) Intro

(03:32) Trevor's background in aviation, finance, and real estate syndication

(11:22) Mitigating tax burdens through real estate ownership

(15:58) Understanding a 1031 exchange

(20:01) Three rules to identify properties in a 1031 exchange

(22:58) What is a Delaware Statutory Trust (DST)?

(25:27) Comparing TIC (Tenancy in Common) and DSTs: Benefits and limitations

(34:02) Downsides of the DST structure

(38:58) Understanding triple net leases (NNN)

(43:32) What does "spring out" mean and when is it done?

(46:59) Evaluating sponsors and DST offerings

(48:58) Investing in and setting up a DST

(53:22) Diversification strategies in DST investments

(55:09) Cash investors and DST opportunities

(59:57) Understanding additional basis in DST investments

(1:02:43) Debt and the exchange equation in a 1031 exchange

(1:07:43) How to connect with Trevor

(1:08:17) Outro

Connect with Trevor

LinkedIn

---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.

Today on Passive Income Pilots, Tait and Ryan dive deep into the world of syndication. They explore the crucial role of the preferred return in investment distributions and discuss the significance of fund of funds as intermediaries between limited partners and operators. They also shed light on operators' responsibilities in managing investment projects and highlight essential documents in syndication deals. Additionally, they tackle liquidity issues and emphasize the importance of the Private Placement Memorandum (PPM) and thorough due diligence for investor protection. Enjoy the show!

Timestamped Show Notes

(00:00) Intro

(05:55) What is a syndication?

(09:09) Understanding preferred return, GP, LP, and others

(13:40) Turnkey investments for real estate

(14:44) What is a KP (Key Principal)?

(17:15) Non-recourse loans explained

(18:10) The role of fund of funds in a syndication

(22:05) What is an operator in real estate syndication?

(23:13) Level of due diligence when investing through a fund

(24:45) Essential documents you should expect in a syndication deal

(28:01) Do you need to establish an LLC for syndication?

(30:36) Understanding waterfalls and hurdles in syndication

(36:10) How the operator decides when to pay investors

(41:49) Checking the plan of distribution in the PPM

(43:10) Registered and unregistered securities, and the exemption

(50:40) The due diligence process for investor protection

(54:12) Outro

Resources Mentioned

#16 - Investing with Confidence: Asset Protection Strategies with Clint Coons

#6 - Transitioning from Active to Passive Investing and Diversifying Investments with Jeremy Roll

Download your FREE copy of the "Passive Investing 101" e-book HERE

Grab a FREE copy of the e-book “How to Evaluate a Sponsor” HERE

---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.

Today on Passive Income Pilots, Tait and Ryan dive into the benefits and considerations of diversifying your investment portfolio to achieve long-term financial goals. They discuss the advantages and potential drawbacks of maximizing 401(k) contributions and explore 401(k) loan options, including loan limits, risks, and their impact on retirement savings. They share compelling examples of investors who took out 401(k) loans, examining their motivations, experiences, and lessons learned. Additionally, they touch on rolling over a 401(k) to a self-directed IRA. Enjoy the show!

Timestamped Show Notes

(00:00) Intro

(01:21) Can you roll over your current 401(k) to a self-directed IRA?

(02:27) Diversifying your portfolio

(03:51) Maxing out your 401(k)

(06:28) Exploring 401(k) loan options

(10:31) Understanding loan limits and risks

(15:24) Real-life examples of investors who took out 401(k) loans and their results

(19:51) Outro

Related Episode

#9 - Demystifying IRAs: Transfers Vs. Rollovers with Carrie Cook

---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 J Scott, a renowned entrepreneur, investor, and co-host of The BiggerPockets Business Podcast. J shares his expertise in real estate, having accumulated a portfolio worth over $70 million through purchasing, building, rehabbing, selling, syndicating, and holding residential properties. As an accomplished author of four bestselling books on real estate investing, J provides invaluable insights into navigating the multifamily market amid the current economic landscape. He delves into the complexities of real estate syndication, multifamily deals, and draws parallels between real estate investing and angel investing, offering practical tips on rehabbing and effective investment strategies. Enjoy the show!

Timestamped Show Notes

(00:00) Intro

(04:23) J's story

(06:17) What's next for J and what fires him up

(09:51) His view of the economic cycle

(13:58) Lessons J wants to share about syndication

(17:25) Complacency in investing as a syndicator

(19:35) J's analysis of the Houston multifamily featured in a recent WSJ article

(23:40) The decision-making process in J's company

(25:23) Investing with other operators and asset classes

(27:47) Real estate investing vs. angel investing

(33:54) How J got into angel investing

(35:57) Book recommendation on angel investing

(40:58) Rehabbing strategy and cost estimation

(45:49) Picking out and buying materials for rehabbing

(48:21) What keeps J up at night

(54:42) How to connect with J

(55:12) Outro

Connect with J

LinkTree: http://connectwithjscott.com 

J’s books: https://amzn.to/3C6VdFz

---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 CDR Jesse Reed, a distinguished Navy veteran and accomplished private wealth manager. Jesse graduated from the United States Naval Academy and served as an F/A-18C Hornet pilot, amassing 2,500 flight hours and 300 carrier landings. Transitioning to civilian life, he became a commercial pilot and a Certified Financial Planner, now working with Creative Planning. Jesse shares his journey from the Navy to the airline industry and finance, explaining how he assists pilots with financial planning, incorporating uncorrelated assets into investment portfolios. He provides real-life examples of pilots' financial situations and emphasizes the importance of understanding their goals and maintaining regular communication. Enjoy the show!

Timestamped Show Notes

(00:00) Intro

(02:52) Jesse's life journey from the Navy, the airline industry, to financial planning

(04:56) The Top Gun movie vs. real-life Top Gun

(06:11) Experience as a Top Gun pilot

(09:30) Transition to the airline industry

(16:35) Following Plan B

(18:31) How Jesse helps pilots with financial planning

(24:08) Walkthrough of the process with Creative Planning

(29:46) The vision behind Creative Planning

(30:53) Financial planner vs. financial advisor

(38:52) Incorporating real estate into a portfolio

(42:18) Real-life examples of pilots' financial situations

(45:19) Reflection on work-life balance

---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.