In this engaging discussion, Tait Duryea, Founder and CEO of Turbine Capital and an accomplished airline captain, shares invaluable insights on transitioning from W-2 income to real estate wealth. He highlights his journey through various property types, emphasizing the importance of learning from early mistakes. Tait explains essential vetting techniques for syndicators and reveals tax-saving strategies tailored for high earners using oil & gas and short-term rentals. Discover how access to alternative investments can reshape retirement plans for professionals.
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Early Real Estate Start
Tait bought his first property at 25, a three-bedroom in Las Vegas, which launched his real estate journey.
He progressed from single-family to multifamily to LP positions and syndications while continuing his airline career.
volunteer_activism ADVICE
Line Up Commercial Financing First
If you buy commercial property (over four units), prepare for a different experience and secure financing knowledge first.
Talk to debt brokers and line up financing before acquiring the asset to avoid surprises.
volunteer_activism ADVICE
Evaluate Sponsors Over Returns
Invest in people first, then the deal and market; interrogate underwriting assumptions rather than chasing headline returns.
Ask sponsors what drives their model and read between the lines of projected IRR and equity multiples.
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From the cockpit to commercial real estate, Tait's story shows how a high-earning W-2 professional can build wealth outside of the stock market. In this episode of the Tax Smart REI Podcast, Tait shares the lessons he learned moving from single-family to multifamily to syndications and the strategies that help pilots and other professionals put their money to work more effectively.
You'll learn:
- How Tait’s early mistakes shaped his investing philosophy
- Why LPs should evaluate sponsors before the deal
- Where commercial real estate sits in today’s cycle
- How oil & gas and STRs can reduce taxes for W-2 earners
- Why access to alternatives in retirement accounts could be a game-changer
To become a client, request a consultation from Hall CPA, PLLC at go.therealestatecpa.com/3KSEev6
Subscribe to REI Daily & Enter to Win a FREE Strategy Call:
go.therealestatecpa.com/41JuQBX
Connect with Eckard Enterprises: eckardenterprises.com/taxsmartrei/
More From Tait:
Website: https://www.turbinecap.com
Co-authored Oil and Gas eBook:
https://drive.google.com/file/d/17jUYSuoJGCU2ea4SN6MLgazmp-3LE2Lt/view?usp=share_link
Daniel Rusteen's Airbnb book:
https://www.amazon.com/Optimize-Your-Airbnb-audiobook/dp/B07R7CCKPK/ref=sr_1_1?dib=eyJ2IjoiMSJ9.RuqABHwSbg5DlqM7IpdbdyWEN0kpPfMH9Zirre2T_2LGjHj071QN20LucGBJIEps.Twgy40bFLaRKl4w4yOQGk7aOq7kWbEn890lz81_OJDU&dib_tag=se&hvadid=693594071991&hvdev=c&hvexpln=67&hvlocphy=1027744&hvnetw=g&hvocijid=18402973686594528136--&hvqmt=e&hvrand=18402973686594528136&hvtargid=kwd-2430861329715&hydadcr=21936_13365930&keywords=optimize+your+bnb+by+daniel+rusteen&mcid=e22c221c33dd3f379af9461f5fcc2624&qid=1757789681&sr=8-1
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