What do private placement memorandums really mean for you as an investor? Hosts Tait Duryea and Ryan Gibson sit down with attorney and real estate operator Seth Bradley to pull back the curtain on syndication documents, accreditation rules, and what truly protects investors. Seth shares his personal journey from med school to big law to entrepreneurship, and why his legal background gives him a unique perspective on raising capital and building passive income. Discover why trust in the operator matters more than projections, what to look for in waterfalls and fee structures, and the real truth about accredited investor requirements. Find out what every high-income professional should know before signing their first PPM. Seth Bradley, Esq. is a securities attorney, entrepreneur, and real estate investor. After careers in both medicine and big law, Seth founded his boutique firm, Raise Law, where he advises syndicators and investors on structuring deals and protecting capital. As both an operator and investor, Seth brings a rare perspective, combining legal expertise with hands-on real estate experience. Show notes: (0:00) Intro (03:06) Fired from big law, starting Raise Law (06:04) Why PPMs exist and how they protect investors (09:06) What it means to be an accredited investor (12:53) Why projected returns can be misleading (14:58) Understanding waterfalls and risk (17:04) Are PPMs just boilerplate risk lists? (21:07) The blunt truth of a PPM: no control, all risk (26:05) Due diligence on operators vs. documents (29:37) How to prove accreditation: income vs. net worth (39:32) Outro Connect with Seth Bradley: LinkedIn: https://www.linkedin.com/in/sethbradleyesq Podcast: https://passiveincomeattorney.com/seth-bradley — If you’re interested in participating, the latest institutional-quality self-storage portfolio is available for investment now at: https://turbinecap.investnext.com/portal/offerings/8449/houston-storage/ — 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.
