{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Hidden Money Podcast","title":"Golf Course PPA","html":"","width":"100%","height":180,"duration":1337,"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 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 UsWebsite: https://www.revotaxpayer.com/Facebook: https://www.facebook.com/revotaxpayer/Instagram: https://www.instagram.com/revotaxpayer/LinkedIn: https://www.linkedin.com/company/revo-taxpayer-advocacyYouTube: https://www.youtube.com/@HiddenMoneyPodcastChapters[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 it worked[13:00] Investor classes — Designing different return structures for different investor needs[16:30] The hotel and marina — Josh's resort plan and the financing challenge[17:30] IRC 721 contribution — How...","thumbnail_url":"https://img.transistorcdn.com/YzPXNUSGdFMzxbDFCyigarFZe1nAY9TucPgMTw_1RfA/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS84MGUy/ZjA5Y2M3YjFmZWI4/NTI5YzMzZjYyY2Yz/ZWI3Mi5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}