Robert Leonard talks to Josh McCallen about his company, Accountable Equity, and why he thinks that 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! Josh McCallen is a thought-leader, brand strategist, and resort revivalist. Over the past 20 years, he has generated over $100,000,000 in revenue in the industry, as well as in hospitality and weddings. What started as constructing luxury beach houses for celebrities, evolved into leading his first large-scale resort development company to international notoriety, gaining both national recognition as a top 25 hotel out of 50,000 American hotels and recognition from The Wall Street Journal, then joining Melanie, his wife of 23 years, in a partnership to form Accountable Equity and VIVAMEE Hospitality. Josh is also CEO of VIV MEE Hospitality, a vertically-integrated management company and value-add land developer that oversees all of Accountable Equity’s assets. VIV MEE specializes in identifying distressed properties with a history and reviving the “soul” of those properties to create an experientially beautiful “home away from home” for their guests. In addition, he co-hosts two podcasts with his wife, Melanie, called “Capital Hacking” and “Wealth Building with Friends” alongside husband and wife couple, Bob Wells and Usha Patel. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 10:37 - Michael Gerber and his book, The E-Myth 13:12 - How the E-Myth book impacted Josh Mcallen 14:31 - Equity crowdfunding a way for non-accredited investors to get into resorts & hospitality? 16:58 - Warren Buffett-model in purchasing and repositioning distressed resort and luxury properties 21:07 - How hotels and resorts get valued in terms of real estate and business 26:18 - How do hotels and resorts compete against Airbnb properties? 29:59 - How the hospitality industry fared during COVID and the lessons Josh learned from it 34:26 - How Josh managed the emotions and expectations of investors during COVID 36:20 - The biggest things Josh has learned from the guests on his Capital Hacking podcast 40:04 - The habit or principle Josh follows in his life that has had a big impact on his success 41:15 - What the most influential book in Josh’s life is ✔️ Subscribe to the Real Estate 101 show: https://open.spotify.com/show/7dnn22EWyo6MLsPaR492BM 🖊️ Access our free show notes and transcript here: https://www.theinvestorspodcast.com/real-estate-101/resort-investing ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ LISTEN 🎧 TO OTHER SHOWS FROM OUR NETWORK: ₿ If you're interested in Bitcoin, checkout our Bitcoin Fundamentals podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8wOLjjwNCM5B1qFdrtTdTZ 📚 Dive into value investing and learn more about billionaires with our We Study Billionaires podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F9dDPFYGAHRbrWoToCe2uoU 🏘 Learn the ins and outs of real estate investing with our Real Estate 101 podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8Yw_8xO2nk-RD7fhb3yktn 💸 Get introduced to the world of investing with our Millennial Investing podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F_p00VYv3psJ8rhDAGOvR5W ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ FOLLOW US ON SOCIAL MEDIA📱: 💻 Facebook: https://www.facebook.com/groups/theinvestorspodcast/ 👔 Linkedin: https://www.linkedin.com/company/the-investor's-podcast/ 🐦Twitter: https://twitter.com/TIP_Network ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📥 Download Stig & Preston's 1-page checklist for finding great stock picks: https://www.theinvestorspodcast.com/form-youtube-checklist/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.