{"podcast":{"title":"Hidden Money Podcast","slug":"hidden-money-podcast-6320033","podcast_index_feed_id":6320033,"rss_url":"https://feeds.transistor.fm/hidden-money-podcast","website_url":"https://www.hiddenmoney.com","image_url":"https://img.transistorcdn.com/CwejyW4acmcMedDch6iIcO-RZluPU9NM7Sllit5TPcA/rs:fill:0:0:1/w:1400/h:1400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS84MGUy/ZjA5Y2M3YjFmZWI4/NTI5YzMzZjYyY2Yz/ZWI3Mi5qcGc.jpg","author":"Mike Pine and Kevin Schneider","episode_count":111,"summary":"In the Hidden Money podcast, you'll learn how you can legally use the tax code to your financial advantage. There’s wealth inside the tax code. Taxes aren’t the enemy. Most people hate taxes (and pay more than they should). But when you view taxes only as an evil expense, you miss out on legal ways to grow your wealth. Unlock the secrets to saving tax and building wealth with the Hidden Money Podcast! 🎧💰 Hosted by Mike Pine and Kevin Schneider.","last_synced_at":"2026-06-24T00:18:46.842497+00:00","page_url":"https://stenobird.com/podcast/hidden-money-podcast-6320033"},"episode":{"title":"Golf Course PPA","slug":"golf-course-ppa","published_at":"2026-06-09T13:18:14+00:00","page_url":"https://stenobird.com/podcast/hidden-money-podcast-6320033/golf-course-ppa","show_page_url":"https://stenobird.com/podcast/hidden-money-podcast-6320033","url":"https://share.transistor.fm/s/1e529cca","audio_url":"https://media.transistor.fm/1e529cca/90a0b71f.mp3","summary":"In the latest episode of the Hidden Money Podcast, Mike and Kevin walk through one of the most creatively structured deals of Mike's twenty-six-year tax career: a golf course acquisition where purchase price allocation under IRC 1060 produced extraordinary depreciation for investors, multiple investor classes were structured to accommodate different investor needs, and a neighboring hotel and marina were contributed into the deal tax-free under IRC 721. If you're a syndicator or real estate investor wondering how to stand out in a tough market, this is definitely required listening. 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 [00:00] Introduction — Mike previews the golf course deal and why he's never been more excited about a client project [00:47] Setting the stage — Kevin and Mike describe how the initial call came in before the offer was submitted [01:25] The client — Josh, a syndicator at Accountable Equity who builds high-end resort destinations [02:24] The key lesson — Why calling your CPA before you make an offer is worth millions [03:11] The golf courses — Two high-end courses being purchased together [05:26] IRC 1060 and the PPA opportunity — How Mike realized this was a purchase price allocation deal, not just a cost seg [07:50] What's really under the grass — Drainage systems, bunker retaining infrastructure, composite greens sub-bases [10:00] The numbers — Why the allocation exceeded the 30% investors were originally expecting [11:30] Negotiating with the seller — The seller's tax director, the recapture question, and why…","meta_description":"In the latest episode of the Hidden Money Podcast, Mike and Kevin walk through one of the most creatively structured deals of Mike's twenty-six-year tax c…","key_points":[],"chapters":[],"topics":[],"duration_seconds":1337,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/hidden-money-podcast-6320033/episodes/golf-course-ppa/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/hidden-money-podcast-6320033/golf-course-ppa.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}