Welcome to the Money Tree Investing Podcast.

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Welcome to this week's episode of Money Tree Investing Podcast.

My name is Kirk Chisholm and I'm going to be your host today.

And today we're going to be talking about deferred sales trusts.

This is kind of one of those topics that

you've probably never heard about before, but you really want to know because I know I've

looked into this and it's really got some fantastic opportunities, especially for some of

your listeners in the show. We're investing in real estate and other topics where this would come into

play. So, Brett, welcome to the show. Kirk, thanks for having me. Tell them the listeners a little about yourself and your background.

I live in Sacramento, California. I'm born and raised in the Bay Area, Mission San Jose, Fremont area

in the 1980s with when the 49ers were great, and MC Hammer was rocking and rolling with his music.

So that's kind of my early days. I fast forward. I played

sports and studied commercial real estate when I was in college. Started helping people buy

and sell commercial real estate, mainly through multifamily investing. And I live here with my

wife and five kids, the surrounding family. But my focus has always sort of been at commercial real estate and

helping people create and preserve more wealth in that arena, which then has led to the tax deferral

strategy we're going to talk about. We brought you on to talk about the deferred sales trust.

Can you tell us a little about what it is to start? Yeah, deferred sales trust is a manufactured

installment sale. And a better way to think about it is it's a seller carryback.

But it's with a third-party trust that gets you much more flexibility.

And so, for example, let's imagine, Kirk, you owned a business and I wanted to buy your business.

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