REI083: Investing in Resorts w/ Josh McCallen

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Business, Education, Investing

4.6 • 592 Ratings

🗓️ 16 August 2021

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

Robert Leonard talks to Josh McCallen about his company, Accountable Equity, and why he thinks their model of investing and raising capital is perfect for our time; how to apply a Warren Buffett model to purchasing and repositioning distressed resort and luxury properties; how hotels and resorts compete against Airbnb properties; how the hospitality industry fared during COVID and the lessons Josh learned from it, and much, much more! IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 20:59 - How to apply a Warren Buffett model to purchasing and repositioning distressed resort and luxury properties. 30:18 - How hotels and resorts compete against Airbnb properties in today’s world and if Airbnb is a major factor for Josh’s business models. 36:39 - How the hospitality industry fared during COVID and the lessons Josh learned from it. 43:01 - The biggest things Josh has learned from the guests on his Capital Hacking podcast. 47:56 - What the most influential book is in Josh’s life. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Get more FREE content from Robert. Read the 9 Key Steps to Effective Personal Financial Management. Josh McCallen’s VIVAMEE Hospitality website. Josh McCallen’s Podcasts Capital Hacking and Wealth Building with Friends. Michael Gerber’s book The E-Myth. Dale Carnegie’s book How to Win Friends and Influence People. Tim Ferriss’ book The 4-Hour Workweek. Ramit Sethi’s book I Will Teach You To Be Rich. All of Robert’s favorite books. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Robert: Website | Instagram Connect with Josh: Website | Facebook | LinkedIn Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.4	In this episode, I talk with Josh McCallon, all about investing in resorts as a real estate
0:07.4	investing strategy.
0:09.0	We talk about why he thinks his model of investing and raising capital is perfect for today's
0:13.4	time, how to apply a Warren Buffett model to purchasing and repositioning distressed assets,
0:19.7	how hotels and resorts compete against Airbnb
0:22.2	properties, how the hospitality industry fared during COVID, and the lessons Josh learned from it,
0:28.3	and a bunch more. Josh McCallin is the thought leader, brand strategist, and a resort revivalist.
0:35.4	Over the past 20 years, he has generated over $100 million in revenue in
0:39.1	industry, as well as in hospitality and weddings. What started as constructing luxury beach houses
0:45.0	for celebrities evolved into leading his first large-scale resort development company to international
0:51.7	notoriety, gaining both national recognition as a top 25 hotel
0:55.8	out of 50,000 American hotels and recognition from the Wall Street Journal, then joining
1:01.5	Melanie, his wife of 23 years, in a partnership to form accountable equity and Viva Mae
1:07.4	Hospitality. Josh is the CEO of Viva Mae Hospitality, which is a vertically
1:12.2	integrated management company and value-ad land developer that oversees all of accountable
1:16.7	equities assets, and he is also the co-host of two podcasts. One is capital hacking, and the other
1:22.3	is wealth building with friends. What Josh is doing might not be completely replicable for a new investor or someone who
1:29.6	has done just a few deals. I don't think I'd be able to do what Josh is doing either. But Josh's
1:34.5	story and strategy is fascinating nonetheless. So I hope you guys enjoy learning about it like I did.
1:40.6	Let's dive in.
1:44.8	You're listening to Real Estate Investing by the Investors Podcast Network,
	...

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