Mechanics of Money

How Pilots & Doctors Legally Write Off Their W-2 Income | Mechanics of Money

Sam Silverman | Silverman Capital Season 1 Episode 13

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0:00 | 37:26

Most high earners are told the same thing: your W-2 salary can't be sheltered. Tait Duryea built a firm proving otherwise.

In this episode of Mechanics of Money, Sam Silverman sits down with Tait Duryea: third-generation airline pilot and founder of Turbine Capital, now the largest airline pilot investor network in the world. They unpack why oil & gas is one of the few asset classes that lets W-2 earners offset active income, why the "industrial vacancy crisis" is mostly a measurement error, and why Tait believes the next decade belongs to owners of hard assets, not holders of dollars.

In this conversation:

  • Why a narrow niche beats a broad audience when you're raising your first capital
  • The real story behind industrial vacancy, and where the sub-2% pockets actually are
  • Senior housing and the demographic "silver tsunami" almost nobody is building for
  • How non-operated working interests create year-one tax write-offs
  • The macro case for hard assets in an era of money printing
  • Why Tait is rotating toward private debt as net worth grows


Topics covered:
Tait's background as a third-generation pilot • building a niche investor network • the LP-to-GP path in real estate • industrial real estate and the vacancy myth • senior housing and demographic tailwinds • operating vs. partnering on deals • the case for oil & gas • tax treatment of working interests • building an investment team in-house • money supply and the dollar • interest rates and real estate values • the future of Turbine Capital • private debt and cash flow • travel and life off the clock

Guest: Tait Duryea, Turbine Capital
https://www.linkedin.com/in/taitduryea/

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