Using an LLC tax as an S corp for a rental property is like using a fork to eat cereal.

It's so freaking easy. You're going to love this. At the end of the day, in this trifecta at the bottom of these two sides is your revocable living trust.

And I am more and more adamant every year I practice as a lawyer to just say,

get it done.

A will is not going to cut it.

It's not worth the headache of going through probate and all that mess.

A revocable living trust is for you if you're young or old,

male or female, kids are no kids,

married or single, does not matter, rich or poor, and it can be affordable.

It is affordable.

And it becomes the owner of all this.

Welcome, everybody, to the Main Street Business Podcast.

My name is Mark Kohler here with the incredible Matt Sorensen on the heels of the release of his new book. If I didn't plug it, you know, do I get an affiliate link? Like if someone buys it from the show, can I make money? I'll buy you some rolled tacos. I know. I'm like, can we get this podcast down? I got some rolled tacos waiting for me with some drenched and guacamole. He's like, you got to get your work done first.

I'm like, okay, mom, dad.

All right.

Okay, so our topic today, you realtors, I was just in a conference in Nashville and it was always so exciting to see people like astonished and excited about something I take for granted.

I just felt like 90% of the room didn't even know some of these topics.

I mean, that happens to you all the time.

Yeah, and I think when we say 90% don't realize this is 90% of people who are in the real estate space are set up wrong in one way or another.

They might have the wrong state, the wrong tax, the wrong entity type, the wrong structure

of multiple entities, the wrong documents.

Like, it's as business and tax lawyers, as Mark and I are, we can get a little specific

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