Golf Courses, Tax-Free Income, and the Syndication Strategy Your CPA Never Told You About

About this episode

Mike and Kevin discuss a unique investment opportunity in golf courses with guest Josh McCallen, focusing on tax strategies and revenue generation.

What does it look like when a great investment and a great tax structure collide? In this episode of the Hidden Money Podcast, Mike and Kevin sit down with Josh McCallen — founder of Accountable Equity and VIVAMEE Hospitality — to unpack one of the most remarkable syndicated deals we've come across in our careers. Josh's team acquired Queenstown Harbour Golf: 790 acres, 54 championship golf holes, five miles of waterfront, and the number one destination golf brand in Maryland... for less than half the replacement cost of the courses alone. With strategic purchase price allocation, we structured 50% day-one depreciation for investors, with a clear pathway to tax-free income for years to come. We cover how Josh cracked the code on experiential hospitality, why his total revenue per available room (tRevPAR) reaches $803–$1,100 per night versus an industry standard of $150, and how passive losses can become tax-free income over time. Mike and Kevin also break down real estate professional status and why proactive planning on the front end of a deal changes everything on the back end. This is not just a tax investment, but a great business with a tax structure that rewards you on both…

People in this episode

Hosts: Mike Pine, Kevin Schneider

Guest: Josh McCallen

Topics covered

• tax strategy
• real estate syndication
• golf course investment
• tax-free income
• hospitality revenue
• depreciation

Keywords

• tax-free income
• real estate professional status
• depreciation
• golf courses
• syndication strategy
• hospitality
• investment

Mentioned in this episode

Organizations: Accountable Equity, VIVAMEE Hospitality

Places: Queenstown Harbour Golf, Maryland

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