I would really like to know why you are so hell-bent on being a real estate professional.

I have clients that are trying not to be a real estate professional.

Yeah, and I wouldn't choose a business solely to get real estate professional status.

Once you get your Augusta rule worked out and you're trading cash flow with the Airbnb,

book out the days you want to go there and work on the property.

Fix up days are not personal use.

So you're gonna be there tightening up a few screws on this and that

and putting change it out light bulbs

and painting this wall or whatever.

You're now using that property tax-free.

It's a complete 100% depreciable asset,

is creating you cash flow and you've got the Augusta rule.

You're getting the trifecta there.

Welcome everybody to another episode of the Main Street Business Podcast, one of our favorite

episodes where we get to answer your questions, or at least try to.

My name is Mark Kohl, CPA attorney, entrepreneur, real estate investor, and just a prior

lemonade stand owner trying to live the dream here with Matt Sorenson. Yeah. Did you have a lemonade stand? I didn't have a lemonade stand, but I had a paper route, wifeguard, bus boy. You know, I did it all, guys. I did it all. I would have went with lifeguard. Okay. That had to be better. Well, no, I mean, that had to be one of the. I mean, you know, just think of David Hasselhoff, you know, on the beach in Southern California.

That was pretty much me. It was a water park on the side of a mountain in Utah. But, you know, pretty much the same. Yeah, pretty much. I mean, California Beach, water park and the desert, very similar.

Yeah.

Well, today's show, you know, it's not just about lifeguarding. I got some tips there, too, of course. But today's show, we're talking about tax and legal strategies, wealth building, entrepreneurship. Mark and I are experts in this field. We're doing it. We're in the trenches growing our own business. We happen to be tax and business lawyers, help 10,000 plus clients.

And this world can be confusing.

There's a lot of questions. And lawyers are expensive. This is why we do this podcast. We want to get you the answers. So we've got all your answers. And by the way, you can go to Main Street Business Podcast.com to submit answers. We're upgrading the website to submit questions. Yeah, you can submit answers too. We're taking anything we can get.

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