TGCI 165: Equipment Leasing Fund! How to become a bank and creating a win-win?

The Gold Collar Investor

In today’s show, Pancham interviews Josh McCallen - a business turnaround expert, resort rehab specialist, owner of Renault Winery Resort and Golf and investment firms Accountable Equity and VIVÂMEE Hospitality.

In every business that you think of, you would always need some sort of equipment to be able to operate the business. What if we tell you that instead of sourcing and leasing your equipment from external companies, you could be the bank itself by creating a fund and be able to create a win-win situation for you and your investors? Today, Josh is back on the show to unpack all this knowledge!

In this episode, join us as he discusses the concept of equipment leasing funds and how he became a bank in his resort business! He will also share how he was able to turn around his hospitalities and was able to strive during the pandemic, how the Efficient Income Funds (EiFs) benefits both parties, and why maximizing your riches is simply like a golden carousel!

Listen and enjoy the show!

Quote:

“And I said, “You know what? Everyone’s offering me leases, everybody’s offering me loans on equipment, Why don't I just give all that profit to my investors?”

Timestamped Shownotes:

• 2:13 - Pancham welcomes back Josh to the show
• 4:03 - His background and how he has been during the past year
• 6:27 - How their hospitalities survived through the pandemic
• 12:25 - Overview and how equipment leasing fund works (and how it came about!)
• 22:54 - How EiFs helps provide satisfactory yields between him and investors
• 25:51 - On the types of equipment they’re leasing and where they focus their funds on
• 27:23 - Their payment model and the price breakdown on the investor’s yield

3 Key Points:

1. The COVID-19 pandemic had hospitalities kept under wraps as some would shut down but he was able to turn it around through wedding contracts.
2. Curating the EiFs has helped provide a win-win situation as they can get profit from equipment leasing and investors could get their capital back along with other benefits.
3. Rather than building wealth, the EiFs intend to give a steady cycle of payment and be able to preserve your wealth.

Get in Touch:

• Accountable Equity - https://accountableequity.com/
• Renault Winery Resort and Golf - https://www.renaultwinery.com/
• Listen to the previous The Gold Collar Investor’s episode with Josh McCallen at https://thegoldcollarinvestor.com/show60
• The Gold Collar Investor Club - https://thegoldcollarinvestor.com/club/
• Pancham Gupta Email - [e-mail]

Book:

• Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! By Robert T. Kiyosaki - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194