RTBL 10 | Inside the Fine Print: PPMs, Trust, & Investor Protection with Tait Duryea and Ryan Gibson
Tue Feb 03 2026
In this episode with Tait Duryea and Ryan Gibson, Seth Bradley shares his journey from being adopted and raised in West Virginia to dropping out of med school, excelling in big law, getting fired for building his real estate business on the side, and ultimately launching RaiseLaw while moving fully into entrepreneurship. The three dive into how private placements actually work, why PPMs exist, what accredited investor rules mean, and the real risks LPs should focus on beyond glossy projected returns. Seth emphasizes that the operator’s integrity matters far more than a 150-page disclosure document because legal paperwork can’t protect investors from a bad actor, and the episode closes with a discussion on mindset, discipline, and Seth’s philosophy of “intentional imbalance”, the idea that meaningful success requires seasons of heavy focus, clear communication at home, and the acceptance that passive income isn’t passive while it’s being built.
Bullet Point Highlights:
- What a PPM actually is and why every investor should read it
- The purpose of risk disclosures and how they protect sponsors
- Accredited vs. non-accredited investors: who qualifies and why it matters
- Common misconceptions about legal documents in private offerings
- Why the operator is more important than the deal itself
- How sponsors structure fees, waterfalls, and investor protections
- What LPs should look for before wiring funds
- The growing trend of fund-of-funds and multi-layered deal structures
- Practical advice for both new passive investors and active capital raisers
Links from the Show and Guest Info and Links:
Seth Bradley’s Links:
https://x.com/sethbradleyesq
https://www.youtube.com/@sethbradleyesq
www.facebook.com/sethbradleyesq
https://www.threads.com/@sethbradleyesq
https://www.instagram.com/sethbradleyesq/
https://www.linkedin.com/in/sethbradleyesq/
https://passiveincomeattorney.com/seth-bradley/
https://www.biggerpockets.com/users/sethbradleyesq
https://medium.com/@sethbradleyesq
https://www.tiktok.com/@sethbradleyesq?lang=en
Tait Duryea and Ryan Gibson's Link:
https://www.facebook.com/groups/passivepilots
https://www.turbinecap.com/
https://www.linkedin.com/in/taitduryea/
https://www.linkedin.com/in/ryan-gibson1/
http://passiveincomepilots.com/episode/100-getting-to-know-tait-ryan
More
In this episode with Tait Duryea and Ryan Gibson, Seth Bradley shares his journey from being adopted and raised in West Virginia to dropping out of med school, excelling in big law, getting fired for building his real estate business on the side, and ultimately launching RaiseLaw while moving fully into entrepreneurship. The three dive into how private placements actually work, why PPMs exist, what accredited investor rules mean, and the real risks LPs should focus on beyond glossy projected returns. Seth emphasizes that the operator’s integrity matters far more than a 150-page disclosure document because legal paperwork can’t protect investors from a bad actor, and the episode closes with a discussion on mindset, discipline, and Seth’s philosophy of “intentional imbalance”, the idea that meaningful success requires seasons of heavy focus, clear communication at home, and the acceptance that passive income isn’t passive while it’s being built. Bullet Point Highlights: - What a PPM actually is and why every investor should read it - The purpose of risk disclosures and how they protect sponsors - Accredited vs. non-accredited investors: who qualifies and why it matters - Common misconceptions about legal documents in private offerings - Why the operator is more important than the deal itself - How sponsors structure fees, waterfalls, and investor protections - What LPs should look for before wiring funds - The growing trend of fund-of-funds and multi-layered deal structures - Practical advice for both new passive investors and active capital raisers Links from the Show and Guest Info and Links: Seth Bradley’s Links: https://x.com/sethbradleyesq https://www.youtube.com/@sethbradleyesq www.facebook.com/sethbradleyesq https://www.threads.com/@sethbradleyesq https://www.instagram.com/sethbradleyesq/ https://www.linkedin.com/in/sethbradleyesq/ https://passiveincomeattorney.com/seth-bradley/ https://www.biggerpockets.com/users/sethbradleyesq https://medium.com/@sethbradleyesq https://www.tiktok.com/@sethbradleyesq?lang=en Tait Duryea and Ryan Gibson's Link: https://www.facebook.com/groups/passivepilots https://www.turbinecap.com/ https://www.linkedin.com/in/taitduryea/ https://www.linkedin.com/in/ryan-gibson1/ http://passiveincomepilots.com/episode/100-getting-to-know-tait-ryan