The Mark Perlberg CPA Podcast
The Mark Perlberg CPA Podcast
EP 69 - Becoming Wealthy Through Land Flipping & Investing w/ Michelle Bosch
In this episode, you'll hear the incredible story of Michelle, an immigrant from Honduras who transformed her life through real estate after ditching the corporate grind. Along with her husband, she's flipped over 5,000 pieces of land—avoiding the headaches of contractors and competition that come with house flipping. The simplicity and scalability of land flipping didn't just bring in massive cash flow; it set them up to invest in over 1,000 multifamily units.
But what really sets Michelle's journey apart are the advanced tax strategies that have fueled their growth. We’ll unpack how they've navigated the tricky waters of broker-dealer status, self-employment taxes, and unique tax exemptions that allowed them to flip land without recognizing income upfront. This episode highlights the critical role of strategic tax planning and how a specialized CPA can be the difference between success and failure in real estate.
And it doesn’t stop there. Michelle’s 16-year-old daughter just flipped her first piece of land, proving that real wealth isn’t just about dollars and cents—it’s about passing down entrepreneurial skills that last for generations.
If you’re an affluent entrepreneur looking to maximize your wealth, now is the time to take action. Schedule a 50-minute discovery session with our CPA firm to learn how advanced tax strategies can protect and grow your wealth. Click here to get started: https://calendly.com/d/3w4-27y-k3t/50-minute-discovery-session
To learn more about Michelle, go to: https://orbitinvestments.com/multi-family/
conversations, when we get to talk with experienced entrepreneurs in the real estate space. And Michelle has a very interesting story and she's done a lot of interesting things, so we're going to dive into her success journey and we'll also touch on some of the opportunities she had when it comes to the tax code and how the tax code is going to encourage some of the things she's done. It incentivizes entrepreneurs and, in particular, real estate entrepreneurs. So, michelle, before I go any further, why don't you introduce yourself in 60 seconds or less?
Michelle Bosch:Okay, sounds good, I'll give it my best. Well, first of all, thank you so much for having us and for having me and for the opportunity I say us, because I am right now still co-hosting a podcast with my daughter, and so in any interview that I go out there, you know, I talk about that legacy of wealth building and passing that on to the next generation. But just a brief introduction. I am an immigrant from Honduras into the US. I came here in 1995, graduated, you know, took the corporate, you know path. My husband, also an immigrant from Germany, we met here, took the exact same path.
Michelle Bosch:We found ourselves with jobs that were, you know, high-paying jobs but that we absolutely hated. Number one, because we had no time to do the things that we wanted to do and we were just not fulfilled and, to be frank, our paychecks did not match the time and effort that we were putting into those jobs. But we couldn't let go of those jobs because our green cards and our working visa depended on those jobs. So we started looking for, you know, a side hustle that we could do, and you know my family back home has had some experience with commercial real estate, and so we explored that as an option and we started looking at flipping houses and we realized that that was quickly over our heads. We didn't know anything about real estate, so we kind of stumbled into the tax lien and tax lien, tax deed and tax lien world and that's how we basically realized that a lot of the properties that were coming up for tax sale were pieces of land. And so, to bring that story now to today I flipped over 5,000 pieces of land.
Michelle Bosch:We've been doing that since now, since 2002. Since then I have also been investing in single family homes in large multifamily. We manage a portfolio of about 1,000 units right now in the multifamily space. You know, manage a portfolio of about a thousand units right now in the multifamily space. And along the way I have learned you know a thing or two about. You know taxes and the tax code and how to use alternative investing in real estate to. You know use appreciation in your benefit, in your favor, to offset some of your you know income statement wealth. You know as you're building your balance sheet wealth.
Mark Perlberg CPA:So yeah, so the cool thing. I like about land flipping there is you're not competing with typical residential folks?
Michelle Bosch:No, competing with typical residential. No, and what I also like here is that, just like you said, when you're doing renovations, there's so much opportunity for things to go wrong.
Mark Perlberg CPA:Yeah, and we've heard and we've discussed this with some of our other clients that do developing and flipping you have to really have a strong oversight and implement accountabilities and really focus on budgeting. And we've heard so many horror stories about contractors, you know, not really doing what they say they were going to do and all those things. So you know, yeah. Yeah.
Michelle Bosch:You just mentioned pretty much a lot of the headaches that, as a beginning investor, that was, you know, trying to start investing into real estate as a side hustle to renovate them, and having to deal with contractors, and the headaches of, you know, once you get that house, and things that were unexpected that now needed, you know, to be, you know, to be repaired and so on and so forth, plus the competition that we were facing as well. I mean still today, you know, when I go into a real estate investors association and people ask me what do you do? And I say I flip land. People look at me, like you know, I have three heads, because that's not something that you hear a whole lot in the real estate space yet has the exact same, I would say benefits in terms of cash injections, you know, would say benefits in terms of cash injections, you know, because our typical flip is anywhere between $15,000 and $20,000. And I'm spending a fraction of the cost that a house flipper is spending on direct marketing in trying to acquire a lead, a seller lead, yeah, and so the competition is definitely, you know, much, much less and in the complexity of the whole operation, which allows you then, when you're dealing with something that is simple. That simplicity allows you to, you know, simplify in order to multiply and to scale. And so our very first year, you know, we did about 30, something flips. The second about 60, the third it was 150. And after that, you know, we started actually doing big land auctions, where we're auctioning off, you know, 150 to 200 parcels in one day. And so, and it was a simplicity that allowed us to basically start creating, you know, those big cash injections.
Michelle Bosch:You know, I always say that land flipping has been, for us, our cash machine, our cash machine that replaced our corporate jobs and that made us really income statement wealthy, because this illusion of passive income can only start with active income. You need to have active income of some sort, whether it be your corporate job, whether, you know, if you're a high paid professional like a doctor or a dentist or a lawyer or whatever you know that you're, either you're W-2. And in our case, you know, once we found land flipping, land flipping became that cash machine engine that then allowed us to start looking at, you know, allocating some of those profits that we were doing there into much more long term type of investments that I didn't just have an inventory, you know, for 60, 90 days in my in my balance sheet, but that I hold for much longer. Yeah, another thing that was also interesting about land is that also at the beginning, we were able to create some of that passive income by selling our land using seller financing. And to this day we use seller financing to sell our land.
Michelle Bosch:Where I have a deal under contract that is worth $50,000. I have it under contract with a seller for $8,000. I put it on the market and I get a buyer to give me a down payment of $10,000. And with those $10,000, I'm able to pay the seller their $8,000, pay for closing costs, grant, you know, pay for closing costs and then still have the remaining, you know, $40,000 balance as a note that gets paid to me in $500 installments for the next five, 10 years. And it has been a beautiful vehicle, you know, to create some of that passive income. But passive income that when the note gets paid off, also ends. That's why we started, you know, allocating some of that stuff into single family, into multifamily, that you can hold indefinitely and and and sell whenever makes sense to sell pretty much.
Mark Perlberg CPA:Yeah. So there's some interesting things here in the tax code with your situation. So you have what is called broker dealer status, and what broker dealer status is on these properties is when you buy that property, where your business is in the business of buying and selling for profit, just like you would buy. You had a convenience store. You're buying the supplies and all of the retail items because you're going to sell them later at a profit the drinks, whatever items you're selling. So when you have broker-dealer status, you are going to be paying self-employment tax. But also even if you do an installment sale, as you were doing, in typical scenarios you still have to recognize 100% of the income in year one in most instances. So if you're flipping a property and you sell it, you have have to recognize 100% of the income in year one in most instances. So if you're flipping a property and you sell it, you have broker-dealer status because you're in the business of buying and selling houses. Even if you own or finance, you pay taxes to recognize all that profit in year one.
Mark Perlberg CPA:But there's an exception to the rule for undeveloped land lots. Actually, I saw your face. I think you're like, oh, where's this guy going? He might have missed something here, but no, we're aware. And so there's an exception, which is really nice, where if you are flipping undeveloped landlots, you only recognize the profits as received. So if you have a 50% profit margin and you only receive $10,000 of that $100,000 sale, you will recognize a $5,000 of profit. And this makes it a lot easier to sell or finance because you don't have to pay taxes on the profits before the cash hits your account.
Michelle Bosch:Yeah, and that was a complete game changer, because I remember when we actually started this, we both had our jobs. We thought, oh my gosh, this is interesting that a lot of the pieces of land that are coming to this tax auction, you know, is actually the properties, were land, and it was basically land that had already four or five years of you know taxes, back taxes, years of you know taxes, back taxes. And we're like, okay, what if we were to reach out to these people on year one or year two or year three, so that we wouldn't have to have the competition of being at the doorstep, you know, at the footsteps of the court, and have all these people competing, you know for this? And then you have to. If it's a tax deed state, well, you know, you get, you know the property, but if it's a tax lien, you still need to close on the lien and so on and so forth. And so what if we were to get to these people earlier? And so we started, actually, our very first two or three flips, you know, were kind of like proof of concept and we didn't even even in our own name, we didn't even use an LLC. But when we did that very first flip, I'm like, oh my gosh, this actually could could become something. And so, with the proceeds of that, we looked for a CPA, you know, to help us, basically to advise us on you know the type of LLC that we would need to advise us on. You know the type of LLC that we would need in order to start.
Michelle Bosch:And so he actually started us with a very simple construct, because probably we, like many people that he saw, you know, back in the day, you know, there's, I think there's a statistic that 90% of all startups, small businesses, fail, you know, in year one. And so he probably thought you know, these guys, let me put them up with this simple structure and we'll see if they fall into that statistic. And if not, I guess you know they'll come back. And we actually came back six months later. We had outgrown, you know, that structure that he had created for us and we were now faced with the problem of oh my gosh, this is actually working and it's happening, and we're going to be closing out the fiscal year and we're not going to have the cash to pay the taxes because we've only gotten a down payment and the remainder of the profits are coming over time. And that's when, actually, he impressed us with, you know, going back into the tax code and figuring out and researching this exemption that you're talking about and that we were able to use. And, yeah, to this day I don't think this would be possible if that wouldn't exist.
Michelle Bosch:And so we therefore specialize in undeveloped land, three types of land infill lot, path of growth and recreational land that has not been developed. And and that's where, basically, this loophole, you know, works like a charm perfectly. I feel like I can, you know, have the cake and eat it too, and you get the best of both worlds. And the only thing is that you know, eventually, like I said earlier you know those notes, because you've become the bank at this point, those loans will be paid off. You know your buyer of your piece of land will pay off that piece of land, and then you know that residual income or passive income is gone with it as well. So we could do that, you know, for the remainder of that note, if it was five, 10 years, but we wanted to start basically allocating some of those profits from our land, which, at some point, you know, our monthly payments were $70,000 per month. Now it's a little bit less, but in the high end it's been $70,000 per month, every single month, just for monthly payments.
Michelle Bosch:And so we had a time back in 2009, where we're about that amount. And you know, phoenix real estate was for sale, you know, and we were able to buy houses for $40,000, $50,000 that used to be just two years prior, $200,000. And so every single month, you know, we could go and use the monthly payments, the cash flow from the monthly payments, and buy ourselves a house, repair it. And then the strategy there was, you know, for long-term hold and use some of the depreciation you know that the houses were giving us to offset some of the active income on the land flipping side. And then eventually, you know, we're like, okay, we've been doing now this successfully. You know the land, the single family, you know let's start doing single families in other markets. And that's how we learned really and became really good at being remote operators. And and then in 2016, we decided, well, why not look at a hundred doors at a time instead of one door at a time? And that's when we started in multifamily.
Michelle Bosch:So, and then again, you know, turbocharging the cashflow using depreciation, which, of course, is being recaptured in the moment that you do sell the assets. So I want to mention that as well, because there's a lot of talk about, you know, being able to use a cost integration study. You know to do accelerated depreciation, but you have to be also knowledgeable that when you do sell the asset, that part of that will be recaptured. So and I'm sure you have had many other guests that you know talk probably about the exact same you know topic in more detail but yeah, that's. You know topic in more detail but yeah, that's been my experience. But, all in all, all three asset classes we've been able to use, you know, like I said, to fuel our income statement wealth and to fuel our balance sheet wealth and always, you know, being mindful of taxes and the benefits that we have had in each of those different three asset classes.
Mark Perlberg CPA:Right. So the income statement wealth is from the sale of the lands giving you profit, and then when you invest your profit into the real estate now the income statement is going to be negative because of the depreciation, and that's a good thing. We want to have a negative income statement for our real estate investing, but the balance sheet wealth comes from the equity growth where you're improving the real estate it's appreciating and you're paying down the mortgage and that's where we're growing our net worth here, which is not going to really translate into your bank account immediately, but certainly over time.
Mark Perlberg CPA:And then when we look at the tax strategy journey here. Your CPA advised you properly and I say, when you're starting off, really talk to an advisor who understands your situation, where you're headed, because if you just say, oh yeah, this type of business needs an S-Corp, without understanding the profitability and situation of the client, you could be misadvising, especially when you're starting off. We need enough profit to justify the S-corporation structure. Now this land-flipping business is going to trigger FICA tax. It's a 15.3% tax which would be on your first roughly $165,000 this year and you mitigate that with the S-corporation. And then you also have your federal taxes on top of that.
Mark Perlberg CPA:A lot of people forget there's your FICA tax and your federal tax. So you use the S-Corporation to reduce your FICA tax and then you have your federal taxes, which isn't even impacted by your S-Corp. Well, you might do something a pass-through entity tax selection that helps a little bit. But the big driver to reduce your federal taxes is the real estate investing with cost segregation studies and the depreciation which is and that's how you can, especially with a 100 bonus depreciation.
Mark Perlberg CPA:I'm sure you have had some very wonderful years of tax savings by combining s corporations and cost segregation studies yeah, absolutely, we, absolutely.
Michelle Bosch:We have gotten checks, you know, from the stimulus checks, you know from the government, because of that same scenario that you're just describing and you know. I want to mention another thing that you reminded me as you were speaking. You know, when we were starting with the land flipping was that we did not just have the S-Corp, but when we came back six months later we also set up a C-Corp as a marketing company. You know, for the S-Corp, with a different year end, you know for taxes, and it allowed us to sometimes not necessarily avoid the tax but defer it depending on cash flow. You know needs and operations of the company.
Michelle Bosch:We were able to sometimes, you know, defer and pass some of the income you know to the C Corp and and then create expenses. You know, on the C Corp, that you know, since that C Corp the fiscal year end was in, for example, in June, until June, we could then, you know, as of December 31st on the S-Corp, basically minimize our taxes for the moment and use that working capital, you know, to keep on fueling our land flipping business and then put the bulk of some of the expenses on the marketing side of selling the land on the C Corp, and that C Corp, then, you know, would have a much smaller tax liability. You know, whenever that June of the next year would come around with two different LLCs and two different structures, has always also been instrumental in helping us continue, work, our cash and our capital to the fullest as well. So that's another trick that I've learned along the way as well.
Mark Perlberg CPA:Yeah, and then there are certain deductions you can take from the C-Corp. You can't take from your sole props or S-Corps, like a medical expense reimbursement plan, so you have a lot of medical expenses. Now is an opportunity to write off more than just whatever exceeds 7.5% of your income, especially for some of our folks in high income brackets income brackets. So we've and you know we have clients where we're evaluating entity carve outs and multiple entities where it doesn't just serve for tax reduction but also mitigates risk. So if you can silo out different activities into different LLCs, some LLCs might be passive and are treated differently for taxes and some might even be something like an insurance company which isn't even taxed when it receives funds.
Michelle Bosch:So there's all different ways where you can be strategic and mitigate risk, asset protection and save a lot of money on taxes. Tax was a construct of a limited partner with our LLC as an S being the general partner. You know of that limited partnership and so that's what we use and I don't know if that's what you you know advise, you know your clients, but that's what we've also been able to use successfully that construct. But in the beginning, when we started, it was just one LLC as an S-corp, because he probably thought this is going to be good enough. These guys might fall into the statistic of the 90 percent of the small businesses that failed, you know, in year one. And and it was amazing to come back and say, hey, look at what we've done, you know, and not fall into that stat. And even to this day, you know, we, we see so many of our students right now replicating that success and basically using the learnings of 20 something years, you know, and using it, you know, for their own benefit as well to create wealth. You know, today. You know, not just 20 something years ago, but right now.
Michelle Bosch:My daughter actually just flipped her first piece of land. She closed on it on April 16. She has three more lots under contract right now, but that was a huge win for me, because we talk about income statement wealth and balance sheet wealth and about creating assets that pass on to the next generation. But I think it's important to not just pass the assets but, more than anything, pass the know-how to the next generation. That's something that I'm really passionate about lately. Maybe it's because she's 16 years of age and she's an upcoming junior in high school, and so I feel like, oh my gosh, I have two years to you know left with her to really pass on some of the knowledge.
Michelle Bosch:But more than the knowledge, the mindset, the entrepreneurial mindset, you know, and the grid and the resilience that it takes to, you know, to start from scratch, from zero. So that very first land flip, she put it on her contract for six. She sold it for $40,000 with seller financing. She got $15,000 down. She was able to pay the seller, pay her realtor I had her hire a realtor because she was missing some of the calls while she was in school, you know, from her potential buyers. So I'm like Sophia, I could pick it up, but then it's mom doing the work. But if we hire together a realtor, the realtor can, you know, vet those buyers and a lot of the lead work for you. But it's going to cost you a percentage in commission and she was okay with it and in any case, yeah, she had net like almost $4,000 in her pocket and now $500 for the next eight years, $516 coming in for the next seven years. So she's super excited about that.
Michelle Bosch:And yeah, it's important for us to start, I think, thinking of not just wealth from a point of view of the financial assets that you pass Wealth is much more than just that and taxes but the knowledge of how can I use different constructs, you know, and also the values you know of being all in, of taking bold action.
Michelle Bosch:Sometimes you know talking to sellers and buyers even though you have never been on the phone with an adult negotiating a deal before in your life, and so on and so forth. So, passing on some of those values to her, and skills, I would say high income skills that I think we don't think about when we, when we talk about creating generational wealth and legacy, we always only think about either the real estate, the assets, the stock, whatever, but we forget about these other things that actually were the ones that created the assets to begin with. You know, so, yeah, so then, that's that would have the opportunity to have some structured time with her to explain some of these things is a really is, I feel, like a process of uh, self, uh, realization and actualization where you know the the better, better refined humans would be we become, uh, the more money we make and the more value we create in the world as well for others.
Mark Perlberg CPA:So, um, that, let's talk about that let's talk about some of the value we're building for others here. So you're coaching folks, you're raising capital. Tell me about some of the things you're doing now that are adding value to maybe passive investors and also current and future entrepreneurs.
Michelle Bosch:Yeah. So, like I said, one is that podcast where I'm trying to teach not just the next generation, but also the moms that are listening and tuning in as well. We have a number of women in their 40s and 50s that have kids around that age as well, that are interested in passing some of this knowledge and values to their kids. We do have a coaching company as well. We coach people, we help you build, grow and scale land flipping businesses. We have, you know, almost a team of 30 people on that team and you know that for me has been, you know, my spiritual wealth, because once you can take care of your immediate family, your needs, your foreseeable needs, the next generation, you start looking at, well, how can I create a bigger impact? And that's kind of like how the coaching business started. And now some of those students that have been able to create quite a bit of cash injections from the land flips started investing with us on the large multifamily. So that's some of the value that continues to evolve and continue to grow for our family of clients, because I always say that they're not just coaching clients anymore. At some point, you know when my money and your money goes together to ensure that our families are in a better, you know, space, you know, 5, 10, 15 years from now. You know, we've pulled our resources together and we've become family. So so, yeah, those are the ways in which we, you know, try to make an impact.
Michelle Bosch:Um, recently, we just purchased a deal in Dallas uh, 96 units that we, you know, purchased for about 9.5 million from a seller that had about 14 million in it. So we bought it at a steep discount, with the possibility to, of course, you know, raise rents without doing anything to the property. And if we start doing, you know, when we start doing renovations to the property, we are actually able to not just catch up to market rents but actually, you know, actually increase those. So, yeah, we, I feel like we have been able to create a wonderful, I would say, ecosystem where we're able to help somebody create, you know, active income. We're able to help somebody create, you know, active income and then, if they want, you know, they can continue investing that active income with us into this large multifamily that has, you know, a little bit of a longer term horizon than just a flip that can be done in 60 or 90 days, you know. So, yeah, Very cool.
Mark Perlberg CPA:So you know, it sounds like you have a lot going on and you certainly have taken some time to build all of these exciting projects out.
Michelle Bosch:Oh, yeah, I mean in total across all three different companies, because we have the land flipping company, the single family and the multifamily. We're a team of about 70 people and so it's taken a while to not be part of the statistic of the 90% that fails. We've learned a lot of leadership lessons along the way on how to not just scale a business model but actually scale a company and scale people, which require human connection, actually investment in their development, and so on and so forth. You know, in order for us to now really enjoy the fruits of so many years of hard work, we just came back from a two-month vacation in Europe. You know, I mentioned earlier that my husband's originally from Germany. He was actually gone for three months because he spent the first month actually doing a pilgrimage called the Camino de Santiago through northern Spain, and then Sofia and I joined him for two months and we traveled through Greece, france, england, turkey, of course, germany, ireland, and we just got back last Sunday as of this recording, you know, this past Sunday right now.
Michelle Bosch:So, and things continued happening because of those leaders you know in each of those companies. Now you know that are kind of like the heads to the horses, you know that are kind of like the heads to the horses and and our investors continue seeing, you know, amazing results. Disputes are getting paid when they're due. Our coaching students are getting the you know, the coaching that they, that they need in order to to stay successful, and our portfolio of single families, well, it continues producing cashflow.
Michelle Bosch:You know, whether we're here or not, and that's, I think, the whole kind of like the holy grail of investing in real estate and in real assets, when you start is to create, you know, such an operation that is not entirely passive, that in order for it to be passive, we had to get team in place, the right people, so that we could be much more passive about it. But it's not entirely passive and I know that you probably have spoken about that. You know that illusion you know that people talk about in, you know, in prior episodes of your podcast. But, um, but yeah, it's, it's, it's definitely, uh, more passive than having, you know, a high, uh stressful corporate job for sure. So absolutely.
Mark Perlberg CPA:You know it's and um, you know everything is hard. Having an easy job is hard, because then you gotta live on a little money and it's hard.
Michelle Bosch:Yeah.
Mark Perlberg CPA:So I think the hardest thing to do is not to do something that you find enjoyable and fulfilling and has opportunities in it. And so one thing I got two things I want to hear from you before we head out and I'm down to.
Mark Perlberg CPA:I'm having issues with my computer, so we're gonna have to wrap it up in about two minutes because I gotta fix something with my power, but, um, can you tell us first, um, what is one thing that separated you from other people in pursuit of success? What is something special about you here? And the second thing I want to know is how can people connect with you and learn more about what you here? And the second thing I want to know is how can people connect with you and learn more about what you do and maybe following your path of doing eight figures of business and having a nine-figure portfolio and doing seven figures of profits in landfilling. How can we?
Michelle Bosch:I think, I think one thing that was in our favor was the fact that we were both immigrants, trying to build a future that was bigger and better than the past that we were leaving behind, and with that came also us having or seeing opportunities, much from a different standpoint. From a different standpoint, yeah, and like, for example, dirt who could have thought that dirt could create what we have been able to build? You know, uh, you know, for our family and for the families of others, um and um, and and then I would say, zero fear of, of hard work would be another uh of going all in on something and just, uh, giving it your best, um, I, I, I don't think that anything that I have done where I have gone in half-hearted has really truly worked. So that's something that I think I try to even instill in my daughter now is this all-in mentality that once you commit to something, you go in, you muster the courage to do it, you're going to gain the capabilities and, as a result, you're going to gain incredible confidence once you see the results of going in, of going all in. And another thing, I think the last thing I would say is creating win-wins for everyone involved. It's, basically I am a big, firm believer that the world, the universe, doesn't give you what you want. It gives you more of who you are, and so if you're a person that acts with integrity, that is always looking to create win-wins for everyone involved, that that ripple effect is an important way to not just thrive, not just survive, but to thrive in business, and it has not stirred us wrong in over 20 something years. You know of entrepreneurial journey. It's always paid off.
Michelle Bosch:And if you want to learn more about some of these values that I'm teaching my daughter and her journey of land flipping our, you know my, our goal, together with this podcast, is over the course of the next five years. We started with her being 15 last year. It's over the course of the next five years, by the age of 21, that she basically has a seven figure net worth. That she's, you know, facing in her little land flipping business. Or the things that she's learning when she goes out with us and visits, you know, some of our multifamily properties. Or the things that she learns from mom and dad $200,000 just from some of the skill sets. You know that she's learned from seeing and watching us fundraise as well, and so if you want to join us.
Michelle Bosch:The name of the podcast is Becoming Wealthy. You can go to becomingwealthycom. You can learn more about me at michelleboschcom as well, and if you're interested in land flipping our next you know masterclass is coming up and you can go to land profit master dot com and learn more about it. So that's how people can connect and I would love to you know have you, if you're watching or listening to this, come into a world of dirt riches?
Mark Perlberg CPA:I would say yeah, wonderful and wonderful words, uh, that's well. You truly have a wonderful story and a great story. I love how you're. You're passing your wisdom off to your daughter, which is fantastic. Not only does that have tax incentives uh, tax benefits but you know, more importantly, here, uh, there's a wonderful benefit to not only giving the next generation money, but abilities which are far more valuable than the money. Michelle, thank you so much for being our guest.
Mark Perlberg CPA:I'll put the address and the site and anything you need if you're listening in the car and I hope you guys really enjoy this and, of course, if you want to learn more about what I do and tax planning opportunities, go to markperlbergcpacom or, as of August 1st, prosperlcpacom P-R-O-S-P-E-R-L-C-P-Acom.