Be Wealthy

Hosted by Brett Tanner

Business Investing

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Jul 2026

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Be Wealthy is for real estate pro's who are crushing sales… and still realizing commissions don’t equal wealth. If you’re doing big volume but your money isn’t turning into assets, freedom, or a real plan, this show is your wake-up call. Host Brett Tanner breaks down the exact strategies high-earning agents use to stop trading time for money, start investing like a family office, build passive income, and protect what they’ve worked so hard to earn. No fluff. No guru garbage. Just the playbook to get rich on purpose instead of by accident. If you’re ready to build real wealth beyond your next deal, apply for the Be Wealthy Mastermind or book a call at BeWealthy.com.

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July 22, 20261 hr 5 min

Why Your Single Family Rentals Are Bad Investments in 2026

📊 DO YOU THINK YOUR RENTALS MAKE MONEY? CHECK HERE 👉 bewealthypodcast.com/rentals━━━━━━━━━━━━━━━━━━━━━━━🎟 JOIN US AT THE WORKSHOPSpend a working day with Brett. Bring your biggest challenge, leave with a plan. See upcoming dates at bewealthypodcast.com/workshop📞 BOOK A CALL WITH KATELYNWant to walk through your rental numbers with someone on Brett's team? Book a time with Katelyn: bewealthypodcast.com/call━━━━━━━━━━━━━━━━━━━━━━━Why Your Single Family Rentals May Suck | Brett Tanner & Katelyn MitchellBrett breaks down the real math behind single family rentals and why the numbers that worked from 2010 to 2022 stopped working. He walks through every expense line with sourced data from the BLS, SEC filings, and a peer-reviewed study in Real Estate Economics, then shows what his family office actually did with their portfolio when they saw the shift coming.━━━━━━━━━━━━━━━━━━━━━━━⏱ TIMESTAMPS0:00 Intro3:34 Brett's 130-rental journey5:55 The Airbnb backlash repeat8:23 Why the last 15 years worked17:16 The 8.5% study breakdown19:14 The 90/10 reveal22:27 June 2022: the engine stops31:46 Repairs and materials spike34:24 Insurance is the killer41:59 Expense ratio reality48:53 Right-to-counsel wave53:25 Scale disadvantage56:28 SFRs are a stage57:44 Return on trapped equity61:37 Trade houses for the hotel━━━━━━━━━━━━━━━━━━━━━━━📚 BOOKS & RESOURCES MENTIONED- Rich Dad Poor Dad by Robert Kiyosaki━━━━━━━━━━━━━━━━━━━━━━━📊 SOURCES & DATAEvery number in this episode is from a primary source (Zillow, FRED, the BLS, SEC filings, Census, and a peer-reviewed study). See all the data and links here:https://docs.google.com/document/d/19oDjymjI9p3z_4rUm_M887Rkdvrls_LBAnzAQCTFgp8/edit━━━━━━━━━━━━━━━━━━━━━━━🔗 GET CONNECTEDWebsite: bewealthypodcast.comYouTube: youtube.com/@bewealthybrettInstagram: instagram.com/bewealthybrettFacebook: facebook.com/brettbewealthyX/Twitter: x.com/bewealthybrett━━━━━━━━━━━━━━━━━━━━━━━🎁 FREE RESOURCESSome links below are partner or affiliate links. Be Wealthy may earn a commission at no extra cost to you.Free Tools & Downloads: https://www.bewealthypodcast.com/#resourcesCost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.comInfinite Banking Education: SaveLikeaBank.comSelf-Directed IRA: MaxOutRetirement.comTrust & Entity Structure: SetupMyEstate.comOff-Market Deals & Direct Mail: TheMagicMailers.com1031 Exchange: Exchange1031Now.comBookkeeping & Financial Services: BooksOffMyPlate.comPPC & Digital Marketing for RE Investors: ScaleMyDeals.com━━━━━━━━━━━━━━━━━━━━━━━🎙 ABOUT THE SHOWThe Be Wealthy Podcast brings entrepreneurs the strategies to grow their business, then teaches them how to think about their money. Because wealth is far more than money. It's freedom. Hosted by Brett Tanner & co-pilot Katelyn Mitchell.Mission: Get Free.━━━━━━━━━━━━━━━━━━━━━━━⚠️ DISCLAIMERBe Wealthy and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational and entertainment purposes only. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.

July 15, 20261 hr 20 min

Realtors don't own a business. They own a job. Do THIS to fix it

🎯 JOIN THE BE WEALTHY MASTERMINDWant to join a room of entrepreneurs who think bigger about money? Go to bewealthypodcast.com and click Apply Now.📥 FREE TOOLS & DOWNLOADSGrab the two tools Brett and Katelyn reference in this episode, the weekly Flash Report and the Laws of the Pipeline, plus the rest of the resources at bewealthypodcast.com/#resources🎟 JOIN US AT THE WORKSHOPSpend a working day with Brett. Bring your biggest challenge, leave with a plan. See upcoming dates at event.bewealthypodcast.com━━━━━━━━━━━━━━━━━━━━━━━The Numbers Every Business Owner Should Know (But Most Never Track) | Brett Tanner & Katelyn MitchellBrett and Katelyn break down the numbers behind every business, the ones most owners never actually look at. Lead and lag indicators, profit margin, expense ratio, cost of goods, conversion ratios, and the one number Brett checks every Monday morning to know if his future is better than his past. If you run your business on gut feel and whatever is left in the checking account, this one is going to sting in a good way.━━━━━━━━━━━━━━━━━━━━━━━⏱ TIMESTAMPS0:00 Intro3:10 Lead vs Lag Indicators5:03 Past, Present, Future11:54 Net Profit Margin15:51 Expense Ratio25:15 Cost of Goods Sold29:24 Losing Money on Leads34:39 Part 2: The Present35:57 The One Number to Watch41:51 Finding the Bottleneck48:20 Systematic, Scalable, Leverage56:13 Part 3: The Future57:49 Hot, Nurture, Watch1:02:34 Laws of the Pipeline1:08:07 Customer Acquisition Cost1:17:37 Biggest Business Mistakes━━━━━━━━━━━━━━━━━━━━━━━📚 BOOKS & RESOURCES MENTIONED- The 4 Disciplines of Execution by Sean Covey, Chris McChesney & Jim Huling- Glengarry Glen Ross, the "coffee's for closers" scene: https://www.youtube.com/watch?v=YQmwNxtsv4M━━━━━━━━━━━━━━━━━━━━━━━🔗 GET CONNECTEDWebsite: bewealthypodcast.comYouTube: youtube.com/@bewealthybrettInstagram: instagram.com/bewealthybrettFacebook: facebook.com/brettbewealthyX/Twitter: x.com/bewealthybrett━━━━━━━━━━━━━━━━━━━━━━━🎁 FREE RESOURCESSome links below are partner or affiliate links. Be Wealthy may earn a commission at no extra cost to you.Free Tools & Downloads: https://www.bewealthypodcast.com/#resourcesCost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.comInfinite Banking Education: SaveLikeaBank.comSelf-Directed IRA: MaxOutRetirement.comTrust & Entity Structure: SetupMyEstate.comOff-Market Deals & Direct Mail: TheMagicMailers.com1031 Exchange: Exchange1031Now.comBookkeeping & Financial Services: BooksOffMyPlate.comPPC & Digital Marketing for RE Investors: ScaleMyDeals.com━━━━━━━━━━━━━━━━━━━━━━━🎙 ABOUT THE SHOWThe Be Wealthy Podcast brings entrepreneurs the strategies to grow their business, then teaches them how to think about their money. Because wealth is far more than money. It's freedom. Hosted by Brett Tanner & co-pilot Katelyn Mitchell.Mission: Get Free.━━━━━━━━━━━━━━━━━━━━━━━⚠️ DISCLAIMERBe Wealthy and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational and entertainment purposes only. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.

July 8, 20261 hr 29 min

How Wealthy Families Raise Kids Who Aren't Spoiled

🎯 JOIN THE BE WEALTHY MASTERMINDWant to join a room of entrepreneurs who think bigger about money? Go to bewealthypodcast.com and click Apply Now.📥 FREE TOOLS & DOWNLOADSGet the flash report, the 1-3-5 outline, and more at bewealthypodcast.com/#resources🎟 JOIN US AT THE WORKSHOPSpend a working day with Brett. Bring your biggest challenge, leave with a plan. See upcoming dates at event.bewealthypodcast.com━━━━━━━━━━━━━━━━━━━━━━━How Wealthy Parents Raise Kids With Money | Brett Tanner & Katelyn MitchellMost parents swear they don't want entitled kids, then hand them everything and hope it works out. Brett and Katelyn dig into how wealthy families actually teach money, from soup-patrol chore charts and a lemonade-stand tenant farmer to the forced sale of apartment shares that finally taught Katelyn what ownership means. This is the finale of the 6-part Money Framework series, and it lands on one idea: your kids don't inherit your net worth, they inherit your money habits.━━━━━━━━━━━━━━━━━━━━━━━⏱ TIMESTAMPS0:00 Intro2:15 Raising Kids With Money5:08 A Safe Place to Struggle7:44 Why Money Lessons Fail11:01 Weaponized or Taboo17:03 Habits Beat Net Worth19:19 How Wealthy Parents Think21:47 Responsibility, Not Rewards25:50 The Prenup Hot Take28:44 Don't Tie Money to Love33:41 Let Them Be Bored42:29 What They Over-Invest In53:47 Money by Age: 5-1059:04 The Lemonade Empire1:01:52 Money by Age: 11-151:11:15 Money by Age: 16-221:14:18 The Ownership Lesson1:23:34 The $255 Windshield1:27:23 The Real Inheritance━━━━━━━━━━━━━━━━━━━━━━━📚 BOOKS & RESOURCES MENTIONED- The Psychology of Money by Morgan Housel- The Millionaire Next Door by Thomas J. Stanley- Die With Zero by Bill Perkins- Homeboy Industries (homeboyindustries.org)━━━━━━━━━━━━━━━━━━━━━━━🔗 GET CONNECTEDWebsite: bewealthypodcast.comYouTube: youtube.com/@bewealthybrettInstagram: instagram.com/bewealthybrettFacebook: facebook.com/brettbewealthyX/Twitter: x.com/bewealthybrett━━━━━━━━━━━━━━━━━━━━━━━🎁 FREE RESOURCESSome links below are partner or affiliate links. Be Wealthy may earn a commission at no extra cost to you.Free Tools & Downloads: https://www.bewealthypodcast.com/#resourcesCost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.comInfinite Banking Education: SaveLikeaBank.comSelf-Directed IRA: MaxOutRetirement.comTrust & Entity Structure: SetupMyEstate.comOff-Market Deals & Direct Mail: TheMagicMailers.com1031 Exchange: Exchange1031Now.comBookkeeping & Financial Services: BooksOffMyPlate.comPPC & Digital Marketing for RE Investors: ScaleMyDeals.com━━━━━━━━━━━━━━━━━━━━━━━🎙 ABOUT THE SHOWThe Be Wealthy Podcast brings entrepreneurs the strategies to grow their business, then teaches them how to think about their money. Because wealth is far more than money. It's freedom. Hosted by Brett Tanner & co-pilot Katelyn Mitchell.Mission: Get Free.━━━━━━━━━━━━━━━━━━━━━━━⚠️ DISCLAIMERBe Wealthy and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational and entertainment purposes only. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.

July 1, 202647 min

The 3 Questions Wealthy People Ask Before Spending a Dollar

🎯 JOIN THE BE WEALTHY MASTERMINDWant to join a room of entrepreneurs who think bigger about money? Go to bewealthypodcast.com and click Apply Now.📥 FREE TOOLS & DOWNLOADSGet the flash report, the 1-3-5 outline, and more at bewealthypodcast.com/#resources🎟 JOIN US AT THE WORKSHOPSpend a working day with Brett. Bring your biggest challenge, leave with a plan. See upcoming dates at event.bewealthypodcast.com━━━━━━━━━━━━━━━━━━━━━━━How You Should Spend Money | Be Wealthy PodcastMost people never actually decide how to spend their money. They let their neighborhood, their industry, and their social feed decide for them, then wonder why more income never feels like enough. In the last stop of the money series, Brett and Katelyn lay out the Be Wealthy spending framework: three questions that take the guilt and the guesswork out of it, the rules wealthy people live behind instead of deciding from scratch, and why the richest people you know spend in ways that look weird from the outside.━━━━━━━━━━━━━━━━━━━━━━━⏱ TIMESTAMPS0:00 Intro1:53 The Money Series, Recapped2:25 Why You Outsource Your Spending7:56 Wealthy People Spend Weird11:39 The 3 Spending Questions14:52 Choosing What You're Weird About24:17 Defining "Enough"29:47 Non-Negotiable Spends31:36 Hard Caps & Delay Rules40:28 The Optimization Ladder43:02 Spend Deeper, Not Louder━━━━━━━━━━━━━━━━━━━━━━━📚 BOOKS & RESOURCES MENTIONED- The Psychology of Money by Morgan Housel- The Art of Spending Money by Morgan Housel- The Millionaire Next Door by Thomas J. Stanley & William D. Danko- Keeping Up with the Joneses (2016 film)━━━━━━━━━━━━━━━━━━━━━━━🔗 GET CONNECTEDWebsite: bewealthypodcast.comYouTube: youtube.com/@bewealthybrettInstagram: instagram.com/bewealthybrettFacebook: facebook.com/brettbewealthyX/Twitter: x.com/bewealthybrett━━━━━━━━━━━━━━━━━━━━━━━🎁 FREE RESOURCESSome links below are partner or affiliate links. Be Wealthy may earn a commission at no extra cost to you.Free Tools & Downloads: https://www.bewealthypodcast.com/#resourcesCost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.comInfinite Banking Education: SaveLikeaBank.comSelf-Directed IRA: MaxOutRetirement.comTrust & Entity Structure: SetupMyEstate.comOff-Market Deals & Direct Mail: TheMagicMailers.com1031 Exchange: Exchange1031Now.comBookkeeping & Financial Services: BooksOffMyPlate.comPPC & Digital Marketing for RE Investors: ScaleMyDeals.com━━━━━━━━━━━━━━━━━━━━━━━🎙 ABOUT THE SHOWThe Be Wealthy Podcast brings entrepreneurs the strategies to grow their business, then teaches them how to think about their money. Because wealth is far more than money. It's freedom. Hosted by Brett Tanner & co-pilot Katelyn Mitchell.Mission: Get Free.━━━━━━━━━━━━━━━━━━━━━━━⚠️ DISCLAIMERBe Wealthy and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational and entertainment purposes only. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.

June 24, 20261 hr 25 min

The Real Reason Agents Aren't Winning Right Now (And How To Fix It)

🎯 JOIN THE BE WEALTHY MASTERMINDWant to join a room of entrepreneurs who think bigger about money? Go to bewealthypodcast.com and click Apply Now.📥 FREE TOOLS & DOWNLOADSGet the flash report, the 1-3-5 outline, and more at bewealthypodcast.com/#resources🎟 JOIN US AT THE WORKSHOPSpend a working day with Brett. Bring your biggest challenge, leave with a plan. See upcoming dates at event.bewealthypodcast.com━━━━━━━━━━━━━━━━━━━━━━━The Real Reason Agents Aren't Winning Right Now (And How To Fix It) | Brett Tanner & Katelyn MitchellMost agents and investors blame the market, the leads, or the broker for why they're stuck. Brett makes the case that the real problem is the one staring back in the mirror. He and Katelyn break down the operating system behind a personal life that actually feeds your business, and they call out the soft excuses, the 9-to-5 leaks, and the ego traps that quietly keep you making part-time money.━━━━━━━━━━━━━━━━━━━━━━━⏱ TIMESTAMPS0:00 Intro1:52 Your Personal Operating System11:13 The 10/10 Honesty Rule12:48 Zero Sick Days in 11 Years20:04 Job Descriptions at Home25:04 The $10 Uber Test29:21 Honoring Every Commitment31:15 The 9-to-5 Leak44:26 The Morning Routine Trap51:58 Leagues and "I Deserve"57:15 Your Calendar Reveals Your Income1:04:57 Net Income vs Ego1:06:51 The 5 People Rule1:15:58 Crypto and Day-Trade Traps1:22:28 The Recap━━━━━━━━━━━━━━━━━━━━━━━📚 BOOKS & RESOURCES MENTIONED- Jim Kwik — speed reading and memory training (kwiklearning.com)- Tony Robbins — the "blueprint vs. life conditions" idea- Jim Rohn — be content with what you have while ambitious for more- Gary Keller — focus and execution over raw hours━━━━━━━━━━━━━━━━━━━━━━━🔗 GET CONNECTEDWebsite: bewealthypodcast.comYouTube: youtube.com/@bewealthybrettInstagram: instagram.com/bewealthybrettFacebook: facebook.com/brettbewealthyX/Twitter: x.com/bewealthybrett━━━━━━━━━━━━━━━━━━━━━━━🎁 FREE RESOURCESSome links below are partner or affiliate links. Be Wealthy may earn a commission at no extra cost to you.Free Tools & Downloads: https://www.bewealthypodcast.com/#resourcesCost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.comInfinite Banking Education: SaveLikeaBank.comSelf-Directed IRA: MaxOutRetirement.comTrust & Entity Structure: SetupMyEstate.comOff-Market Deals & Direct Mail: TheMagicMailers.com1031 Exchange: Exchange1031Now.comBookkeeping & Financial Services: BooksOffMyPlate.comPPC & Digital Marketing for RE Investors: ScaleMyDeals.com━━━━━━━━━━━━━━━━━━━━━━━🎙 ABOUT THE SHOWThe Be Wealthy Podcast brings entrepreneurs the strategies to grow their business, then teaches them how to think about their money. Because wealth is far more than money. It's freedom. Hosted by Brett Tanner & co-pilot Katelyn Mitchell.Mission: Get Free.━━━━━━━━━━━━━━━━━━━━━━━⚠️ DISCLAIMERBe Wealthy and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational and entertainment purposes only. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.

June 17, 20261 hr 11 min

The Only 5 Meetings You Need to Run A Business

🎯 JOIN THE BE WEALTHY MASTERMINDWant to join a room of entrepreneurs who think bigger about money? Go to bewealthypodcast.com and click Apply Now.📥 FREE TOOLS & DOWNLOADSGet the flash report, the 1-3-5 outline, and more at bewealthypodcast.com/#resources━━━━━━━━━━━━━━━━━━━━━━━The Only 5 Meetings You Need to Run A Business (Part 1) | Brett Tanner & Katelyn MitchellBrett runs every one of his 34 companies on the same five meetings, and in this one he walks through where they came from and why they work. Katelyn pushes him on why he still tracks 15 numbers in a plain spreadsheet instead of a dashboard full of red and green dials. The line that sticks: most people in business are losing so slow they think they're winning. If you've never built a flash report or sat down for a real annual plan, this is where you start.━━━━━━━━━━━━━━━━━━━━━━━⏱ TIMESTAMPS0:00 Intro0:35 Welcome Back2:14 Where This Came From3:20 The Five Meetings4:18 Why Agendas Matter20:17 Inside The Bottle33:08 You're An Asset46:12 Your P&L Is A Tool49:41 The Numbers Most Skip53:16 Tracking The Ratios57:00 The Flash Report1:05:47 Annual Planning1:06:20 The 1-3-5 Tool1:09:13 Losing So Slow━━━━━━━━━━━━━━━━━━━━━━━📚 BOOKS & RESOURCES MENTIONED- The 1-3-5 goal-setting tool, credited to Gary Keller- Free flash report and 1-3-5 outline downloads: bewealthypodcast.com/#resources━━━━━━━━━━━━━━━━━━━━━━━🔗 GET CONNECTEDWebsite: bewealthypodcast.comYouTube: youtube.com/@bewealthybrettInstagram: instagram.com/bewealthybrettFacebook: facebook.com/brettbewealthyX/Twitter: x.com/bewealthybrett━━━━━━━━━━━━━━━━━━━━━━━🎁 FREE RESOURCESSome links below are partner or affiliate links. Be Wealthy may earn a commission at no extra cost to you.Free Tools & Downloads: https://www.bewealthypodcast.com/#resourcesCost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.comInfinite Banking Education: SaveLikeaBank.comSelf-Directed IRA: MaxOutRetirement.comTrust & Entity Structure: SetupMyEstate.comOff-Market Deals & Direct Mail: TheMagicMailers.com1031 Exchange: Exchange1031Now.comBookkeeping & Financial Services: BooksOffMyPlate.comPPC & Digital Marketing for RE Investors: ScaleMyDeals.com━━━━━━━━━━━━━━━━━━━━━━━🎙 ABOUT THE SHOWThe Be Wealthy Podcast brings entrepreneurs the strategies to grow their business, then teaches them how to think about their money. Because wealth is far more than money. It's freedom. Hosted by Brett Tanner & co-pilot Katelyn Mitchell.Mission: Get Free.━━━━━━━━━━━━━━━━━━━━━━━⚠️ DISCLAIMERBe Wealthy and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational and entertainment purposes only. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.

June 13, 202626 min

Brandon Turner Lost Investors $15 Million Pt. 2 (Why The BRRRR Model Doesn't Work)

🎯 JOIN THE BE WEALTHY MASTERMINDWant to join a room of entrepreneurs who think bigger about money? Go to bewealthypodcast.com and click Apply Now.━━━━━━━━━━━━━━━━━━━━━━━Why the BRRRR Method Doesn't Work | Brett TannerThis is part two on the Brandon Turner deal that torched about $15 million of investor money. Brett pulls up the actual math on the best fourplex he can dream up, 1% rule, lowest rates you'll ever see, and it stil loses a hundred bucks a month the second you rip your cash back out. He also clears up the comments from part one and draws the real line between a BRRRR, a cash-out refi, and an honest value-add.━━━━━━━━━━━━━━━━━━━━━━━⏱ TIMESTAMPS0:00 Intro0:49 The $15M Recap2:40 BRRRR vs Cash-Out Refi6:50 The "Roast" Breakdown8:03 Running The Math17:04 Answering The Comments━━━━━━━━━━━━━━━━━━━━━━━🔗 GET CONNECTEDWebsite: www.BeWealthy.comYouTube: youtube.com/@bewealthybrettInstagram: instagram.com/bewealthybrettFacebook: facebook.com/brettbewealthyX/Twitter: x.com/bewealthybrett━━━━━━━━━━━━━━━━━━━━━━━🎁 FREE RESOURCESSome links below are partner or affiliate links. Be Wealthy may earn a commission at no extra cost to you.Free Tools & Downloads: https://www.bewealthybrett.com/resourcesCost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.comInfinite Banking Education: SaveLikeaBank.comSelf-Directed IRA: MaxOutRetirement.comTrust & Entity Structure: SetupMyEstate.comOff-Market Deals & Direct Mail: TheMagicMailers.com1031 Exchange: Exchange1031Now.comBookkeeping & Financial Services: BooksOffMyPlate.comPPC & Digital Marketing for RE Investors: ScaleMyDeals.com━━━━━━━━━━━━━━━━━━━━━━━🎙 ABOUT THE SHOWThe Be Wealthy Podcast brings entrepreneurs the strategies to grow their business, then teaches them how to think about their money. Because wealth is far more than money. It's freedom. Hosted by Brett Tanner & co-pilot Katelyn Mitchell.Mission: Get Free.━━━━━━━━━━━━━━━━━━━━━━━⚠️ DISCLAIMERBe Wealthy and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational and entertainment purposes only. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.

June 3, 202650 min

How Brandon Turner (BiggerPockets) Lost $15,000,000 Of Investor Money

🎯 JOIN THE BE WEALTHY MASTERMINDWant to join a room of entrepreneurs who think bigger about money? Go to bewealthypodcast.com and click Apply Now.━━━━━━━━━━━━━━━━━━━━━━━How Brandon Turner (BiggerPockets) Lost $15,000,000 Of Investor Money | Brett Tanner & Katelyn MitchellBrandon Turner just torched $15 million of his investors' money on one apartment deal and went on an apology tour to explain why. Brett and Katelyn pull the actual numbers, show you why the market didn't kill this deal, the loan did, and introduce the ROAST method — the new syndication strategy Brandon accidentally invented when his BRRRR ran out of road. By the end you'll know the five questions to ask before you ever wire money into someone else's deal.━━━━━━━━━━━━━━━━━━━━━━━⏱ TIMESTAMPS0:00 Intro0:46 BRRRR Was Just A Cash Out Refi1:31 Brandon Just Lost $15M2:17 The Grandmother Problem9:30 Introducing The ROAST Method12:17 Commercial Real Estate 10116:23 Cap Rates vs Comps22:13 How Banks Make Money25:37 The $1.26 Trillion Wall29:49 Heights On Katy Breakdown33:20 A-Class Property, Zero Upside36:49 What Actually Killed The Deal40:17 Class A vs Class B Investors42:49 Five Reasons Syndications Die49:00 Questions To Ask Before You Invest━━━━━━━━━━━━━━━━━━━━━━━📚 BOOKS & RESOURCES MENTIONED- The Bankers Code by George Antone- Poor Charlie's Almanack by Charlie Munger━━━━━━━━━━━━━━━━━━━━━━━🔗 GET CONNECTEDWebsite: www.BeWealthy.comYouTube: youtube.com/@bewealthybrettInstagram: instagram.com/bewealthybrettFacebook: facebook.com/brettbewealthyX/Twitter: x.com/bewealthybrett━━━━━━━━━━━━━━━━━━━━━━━🎁 FREE RESOURCESSome links below are partner or affiliate links. Be Wealthy may earn a commission at no extra cost to you.Free Tools & Downloads: https://www.bewealthybrett.com/resourcesCost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.comInfinite Banking Education: SaveLikeaBank.comSelf-Directed IRA: MaxOutRetirement.comTrust & Entity Structure: SetupMyEstate.comOff-Market Deals & Direct Mail: TheMagicMailers.com1031 Exchange: Exchange1031Now.comBookkeeping & Financial Services: BooksOffMyPlate.comPPC & Digital Marketing for RE Investors: ScaleMyDeals.com━━━━━━━━━━━━━━━━━━━━━━━🎙 ABOUT THE SHOWThe Be Wealthy Podcast brings entrepreneurs the strategies to grow their business, then teaches them how to think about their money. Because wealth is far more than money. It's freedom. Hosted by Brett Tanner & co-pilot Katelyn Mitchell.Mission: Get Free.━━━━━━━━━━━━━━━━━━━━━━━⚠️ DISCLAIMERBe Wealthy and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational and entertainment purposes only. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.

May 27, 202658 min

Things The Rich Buy That Make Them Richer

🎯 JOIN THE BE WEALTHY MASTERMINDWant to join a room of entrepreneurs who think bigger about money? Go to bewealthypodcast.com and click Apply Now.━━━━━━━━━━━━━━━━━━━━━━━5 Things The Rich Buy That Make Them RicherPart 2 of where the wealthy actually spend their money. Brett and Katelyn run through 5 more categories that look like overspending until you do the math.The Gary Keller conference table that's outlasted every other piece of furniture in his office. Why Brett drives a Tesla. The $1,000 Costco run at 21 that bought back Brett's time. The Belize trip Brett gifted Katelyn becuase memories pay dividends and stuff doesn't. And the Brett quote that lands hardest: "The most expensive line item in your life isn't your mortgage. It's the network you're not building."If you missed Part 1, watch it first. We covered time, health, learning, kids, and trusted advisors over there.👉 Part 1: https://www.youtube.com/watch?v=qSEHMw-E6DE━━━━━━━━━━━━━━━━━━━━━━━⏱ TIMESTAMPS0:00 Intro and the 5 categories wealthy people pay more for1:25 Quality and reliability: why broke people buy 3 cheap versions and wealthy people buy 14:36 Why Brett drives a Tesla and what it actually buys back for him7:35 The Yeti, the Tumi suitcase, and the Mercedes lease Katelyn traded in13:45 Warren Buffett's cigar-butt investing and the Charlie Munger flip that changed it15:50 The $1,000 Costco run at age 21 that bought back Brett's time18:09 Experiences not things and the memory dividend that compounds like a stock30:30 "Buy memories, not sh*t" - Brett's anchor on what real wealth actually pays for32:17 Hospitality and relationships: host the table or eat alone41:33 Your real biggest expense isn't your mortgage, it's the network you're not building42:08 Proximity and environment: the office Brett bought in 2010 when Wall Street said only morons would47:43 Privacy and structure: Wyoming LLCs, TSA PreCheck, and why real wealth whispers53:19 The "I can't afford it" lie and the Aladdin Factor question that replaces it━━━━━━━━━━━━━━━━━━━━━━━📚 BOOKS & RESOURCES MENTIONED- The Millionaire Next Door by Thomas J. Stanley- The Snowball by Alice Schroeder- Die With Zero by Bill Perkins- The Aladdin Factor by Mark Victor Hansen━━━━━━━━━━━━━━━━━━━━━━━🔗 GET CONNECTEDWebsite: www.BeWealthy.comYouTube: youtube.com/@bewealthybrettInstagram: instagram.com/bewealthybrettFacebook: facebook.com/brettbewealthyX/Twitter: x.com/bewealthybrett━━━━━━━━━━━━━━━━━━━━━━━🎁 FREE RESOURCESSome links below are partner or affiliate links. Be Wealthy may earn a commission at no extra cost to you.Free Tools & Downloads: https://www.bewealthybrett.com/resourcesCost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.comInfinite Banking Education: SaveLikeaBank.comSelf-Directed IRA: MaxOutRetirement.comTrust & Entity Structure: SetupMyEstate.comOff-Market Deals & Direct Mail: TheMagicMailers.com1031 Exchange: Exchange1031Now.comBookkeeping & Financial Services: BooksOffMyPlate.comPPC & Digital Marketing for RE Investors: ScaleMyDeals.com━━━━━━━━━━━━━━━━━━━━━━━🎙 ABOUT THE SHOWThe Be Wealthy Podcast brings entrepreneurs the strategies to grow their business, then teaches them how to think about their money. Because wealth is far more than money. It's freedom. Hosted by Brett Tanner & co-pilot Katelyn Mitchell.Mission: Get Free.━━━━━━━━━━━━━━━━━━━━━━━⚠️ DISCLAIMERBe Wealthy and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational and entertainment purposes only. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.

May 20, 20261 hr 32 min

Why I Sold 130 Rental Properties

🎯 JOIN THE BE WEALTHY MASTERMINDWant to join a room of entrepreneurs who think bigger about money? Go to bewealthypodcast.com and click Apply Now.━━━━━━━━━━━━━━━━━━━━━━━Diversification Makes You Rich. It Won't Make You Wealthy. | Brett Tanner + Katelyn MitchellBrett and Katelyn are recording live from Apple Mountain Resort in Georgia, two weeks after their family office closed on the 285-acre property. Before they get into their ten-things series, Brett lays out the argument that most agents and investors build portfolios the wrong way: lots of small bets feel safe, but they'll cap your wealth and bury you in management units. The episode covers five of ten things the wealthy gladly overspend on, and the real estate investor lens runs all the way through it. Brett's 130-unit portfolio versus Apple Mountain's one management unit makes the point better than any spreadsheet. Part two drops next week with the remaining five.━━━━━━━━━━━━━━━━━━━━━━━⏱ TIMESTAMPS0:00 Intro0:37 Apple Mountain Acquisition3:05 Auction Due Diligence9:44 Three Ways to Make Money15:36 Concentrated vs. Diversified Bets18:27 Wealthy vs. Fake Rich22:42 Four Spending Categories24:43 Time: Buying It Back32:12 The Highest Dividend36:00 Two Scorecards of Life41:29 Health and Longevity46:48 Sleep as an Investment53:17 Learning and Skills55:06 Paying for Expertise1:00:30 Building a Mental Model1:05:14 Kids Education and Exposure1:08:45 Raising Non-Entitled Kids1:14:38 Trusted Advisors1:18:27 CPA and Tax Strategy1:22:38 Estate Attorney and Fiduciary1:27:30 Episode Wrap and Preview━━━━━━━━━━━━━━━━━━━━━━━📚 BOOKS & RESOURCES MENTIONED- The Millionaire Real Estate Investor by Gary Keller- The Millionaire Next Door by Thomas J. Stanley- The Psychology of Money by Morgan Housel- The Almanac of Naval Ravikant by Eric Jorgenson━━━━━━━━━━━━━━━━━━━━━━━🔗 GET CONNECTEDWebsite: www.BeWealthy.comYouTube: youtube.com/@bewealthybrettInstagram: instagram.com/bewealthybrettFacebook: facebook.com/brettbewealthyX/Twitter: x.com/bewealthybrett━━━━━━━━━━━━━━━━━━━━━━━🎁 FREE RESOURCESSome links below are partner or affiliate links. Be Wealthy may earn a commission at no extra cost to you.Free Tools & Downloads: https://www.bewealthybrett.com/resourcesCost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.comInfinite Banking Education: SaveLikeaBank.comSelf-Directed IRA: MaxOutRetirement.comTrust & Entity Structure: SetupMyEstate.comOff-Market Deals & Direct Mail: TheMagicMailers.com1031 Exchange: Exchange1031Now.comBookkeeping & Financial Services: BooksOffMyPlate.comPPC & Digital Marketing for RE Investors: ScaleMyDeals.com━━━━━━━━━━━━━━━━━━━━━━━🎙 ABOUT THE SHOWThe Be Wealthy Podcast brings entrepreneurs the strategies to grow their business, then teaches them how to think about their money. Because wealth is far more than money. It's freedom. Hosted by Brett Tanner & co-pilot Katelyn Mitchell.Mission: Get Free.━━━━━━━━━━━━━━━━━━━━━━━⚠️ DISCLAIMERBe Wealthy and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational and entertainment purposes only. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.━━━━━━━━━━━━━━━━━━━━━━━ABOUT THE CONVERSATIONBrett and Katelyn recorded this one on-site at Apple Mountain Resort, the 285-acre golf and residential property their family office acquired two weeks prior. Brett makes the case that diversification is a path to getting rich, not wealthy, and that concentrated bets, executed well, produce the compounding that actually builds wealth. From there they cover the first five of ten things the wealthy actually overspend on: time, health and longevity, learning and skills, kids education and exposure, and trusted advisors. Part two drops the following week.