How Transforming Distressed Real Estate Can Skyrocket Your Wealth ft. Josh McCallen!

Main Street Business

Mark J Kohler and Mat Sorensen

Management, Tax Tips, Entrepreneurship, Accounting, Business, Business Structure, Estate Planning, Tax Reform, Legal Compliance, Tax Prep, Tax Strategies, Financial Reporting, Irs Updates

4.8 • 584 Ratings

🗓️ 30 August 2024

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Can identifying and leveraging underutilized properties truly unlock significant value? In our latest episode, we sit down with Josh McCallen, founder of Accountable Equity, to uncover the secrets of transforming distressed real estate into thriving business ventures. Josh shares his journey from a traditional middle-class upbringing to becoming a major player in the real estate and hospitality sectors, detailing his impressive feat of raising $54 million from investors. You'll hear firsthand...

Transcript

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0:00.0	And this is where real wealth can be created, because if you can find property that someone hasn't
0:05.0	determined the highest and best use of it yet or found it yet, you can get it at a discount.
0:09.2	So this is that Ray Kroc moment where I watched this asset we thought, I thought of it as a business.
0:14.7	You know, I thought, oh, great. The more you grow the business, the more profitability, and therefore
0:19.2	the success of the enterprise. Well, then I watched
0:21.9	underwriters come in and cross-utilize the revenues of the business and the dirt value. And when
0:28.6	they combine the two, our value jumped. Welcome, everyone, to a special episode of the Main Street
0:36.3	Business Podcast. This is Matt Sorensen. I'm joined by Josh McCallon today. He is an amazing guy, very
0:43.2	insightful, and I'm excited to get some words of wisdom out of him today. Now, just a quick
0:48.4	background on Josh, for those of you that don't know him, his company's called Accountable Equity.
0:53.5	He does a number of different
0:54.7	projects that we're going to dive into today. And I want to say this succinctly what we're
0:59.8	going to talk about today and why Josh is so great on this topic. We're going to talk about
1:04.4	Main Street businesses on real estate. How do we combine the power and value of real estate
1:10.7	also with Main Street businesses?
1:13.6	Josh employs over 450 people between his different companies. They manage thousands of acres.
1:18.4	They have businesses on real estate. We're going to talk about that. Dig into it. 200 million
1:23.0	in renovation projects that they've done. they like to buy distressed real estate.
1:27.7	I know that.
1:28.2	He's talked about that at our Alt Asset Summit before.
1:31.4	And then also he's raised $54 million from other investors.
1:34.6	So people can invest in Josh's funds.
	...

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