Episode
Golf Courses, Tax-Free Income, and the Syndication Strategy Your CPA Never Told You About
- Podcast
- Hidden Money Podcast
- Published
- May 26, 2026
- Duration seconds
- 2381
- Processing state
not_requested- Canonical source
- https://share.transistor.fm/s/3b9ad653
Actions
POST https://stenobird.com/v1/public/podcasts/hidden-money-podcast-6320033/episodes/golf-courses-tax-free-income-and-the-syndication-strategy-your-cpa-never-told-you-about/transcription-requests
Idempotently request low-priority transcript generation for this episode.GET https://stenobird.com/podcast/hidden-money-podcast-6320033/golf-courses-tax-free-income-and-the-syndication-strategy-your-cpa-never-told-you-about.md
Read the agent-friendly Markdown representation of this episode resource.
Summary
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 ends. Interested in creative, strategic, and beneficial tax planning? Reach out at https://www.revotaxpayer.com/ Connect with us Website: https://www.revotaxpayer.com/ Facebook: https://www.facebook.com/revotaxpayer/ Instagram: https://www.instagram.com/revotaxpayer/ LinkedIn: https://www.linkedin.com/company/revo-taxpayer-advocacy YouTube: https://www.youtube.com/@HiddenMoneyPodcast Chapters [00:05] — Introduction: Meet Josh McCallen of Accountable Equity [01:17] — The Efficient Income Fund: How Josh Found 100% Bonus Depreciation Before We Met [02:13] — Operating Leases, Equipment Ownership,…