📊 GET THE COMMERCIAL BUYER'S CHEAT SHEET

The exact worksheet Brett uses to underwrite a commercial deal in 8 steps. Free download: bewealthypodcast.com/comps-to-cap-rates

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🎟 JOIN US AT THE WORKSHOP

Spend a working day with Brett. Bring your biggest challenge, leave with a plan. See upcoming dates at event.bewealthypodcast.com

📞 BOOK A CALL WITH KATELYN

Want to walk through your numbers with someone on Brett's team? Book a time with Katelyn: https://katelyn-mitchell.youcanbook.me

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How $15,000 Becomes $300,000 in Real Estate | Brett Tanner & Katelyn Mitchell

Last week Brett made the case that your single family rentals might be quietly losing. This week he shows you the other game. A single family house gets valued by your neighbor's kitchen. A commercial building gets valued by the income it produces, and you control that income. Brett walks through the two formulas that run the whole thing, how a $15,000 swing in operating income can add $300,000 in value, and how to move your equity out of houses and into commercial without handing the IRS a check on the way. Part 2 of 2.

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⏱ TIMESTAMPS

0:00 Intro

0:24 Why Your Rentals Might Suck (Recap)

2:46 The Game The Wealthy Play

8:14 Comps vs. Your Spreadsheet

14:16 Switch To Commercial + NOI (Formula 1)

18:38 Formula 2: Cap Rate

20:09 How $300k Becomes $6 Million

23:25 Every $1 Becomes $20

26:59 Cap Rate vs. Cash-On-Cash

34:50 The Biggest Game On Earth

41:29 Cap Rates By Asset Type

43:26 Your House Is A 3.4 Cap

47:30 The 1031 Bridge

54:02 Bonus Depreciation Is Back

55:40 The 8-Step Underwrite

1:07:04 Your Move

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📚 RESOURCES MENTIONED

- Crexi and LoopNet — where to browse and start underwriting commercial listings

- 1031 exchange help: Exchange1031Now.com

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📊 SOURCES & DATA

We show our work. The numbers in this episode come from:

- Global real estate value ($393 trillion, start of 2025): Savills, "Total value of global real estate"

- Net lease retail cap rates (~6.5%, Q1 2026): The Boulder Group, Net Lease Market Report

- US commercial real estate size (~$22.5 trillion): Federal Reserve, Financial Accounts of the United States

- 1031 like-kind exchange rules (45-day / 180-day, since 1921): IRS, Like-Kind Exchanges Fact Sheet

Note: the 3.4% cap rate on a single family rental is an illustrative worked example, not a published market figure. Run your own numbers.

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🔗 GET CONNECTED

Website: bewealthypodcast.com

YouTube: youtube.com/@bewealthybrett

Instagram: instagram.com/bewealthybrett

Facebook: facebook.com/brettbewealthy

X/Twitter: x.com/bewealthybrett

━━━━━━━━━━━━━━━━━━━━━━━

🎁 FREE RESOURCES

Some 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/#resources

Cost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.com

Infinite Banking Education: SaveLikeaBank.com

Self-Directed IRA: MaxOutRetirement.com

Trust & Entity Structure: SetupMyEstate.com

Off-Market Deals & Direct Mail: TheMagicMailers.com

1031 Exchange: Exchange1031Now.com

Bookkeeping & Financial Services: BooksOffMyPlate.com

PPC & Digital Marketing for RE Investors: ScaleMyDeals.com

━━━━━━━━━━━━━━━━━━━━━━━

🎙 ABOUT THE SHOW

The 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.

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⚠️ DISCLAIMER

Be 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.

📊 DO YOU THINK YOUR RENTALS MAKE MONEY? CHECK HERE 👉

bewealthypodcast.com/rentals

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🎟 JOIN US AT THE WORKSHOP

Spend a working day with Brett. Bring your biggest challenge, leave with a plan. See upcoming dates at bewealthypodcast.com/workshop

📞 BOOK A CALL WITH KATELYN

Want 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 Mitchell

Brett 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.

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⏱ TIMESTAMPS

0:00 Intro

3:34 Brett's 130-rental journey

5:55 The Airbnb backlash repeat

8:23 Why the last 15 years worked

17:16 The 8.5% study breakdown

19:14 The 90/10 reveal

22:27 June 2022: the engine stops

31:46 Repairs and materials spike

34:24 Insurance is the killer

41:59 Expense ratio reality

48:53 Right-to-counsel wave

53:25 Scale disadvantage

56:28 SFRs are a stage

57:44 Return on trapped equity

61:37 Trade houses for the hotel

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📚 BOOKS & RESOURCES MENTIONED

- Rich Dad Poor Dad by Robert Kiyosaki

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📊 SOURCES & DATA

Every 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

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🔗 GET CONNECTED

Website: bewealthypodcast.com

YouTube: youtube.com/@bewealthybrett

Instagram: instagram.com/bewealthybrett

Facebook: facebook.com/brettbewealthy

X/Twitter: x.com/bewealthybrett

━━━━━━━━━━━━━━━━━━━━━━━

🎁 FREE RESOURCES

Some 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/#resources

Cost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.com

Infinite Banking Education: SaveLikeaBank.com

Self-Directed IRA: MaxOutRetirement.com

Trust & Entity Structure: SetupMyEstate.com

Off-Market Deals & Direct Mail: TheMagicMailers.com

1031 Exchange: Exchange1031Now.com

Bookkeeping & Financial Services: BooksOffMyPlate.com

PPC & Digital Marketing for RE Investors: ScaleMyDeals.com

━━━━━━━━━━━━━━━━━━━━━━━

🎙 ABOUT THE SHOW

The 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.

━━━━━━━━━━━━━━━━━━━━━━━

⚠️ DISCLAIMER

Be 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.

🎯 JOIN THE BE WEALTHY MASTERMIND

Want to join a room of entrepreneurs who think bigger about money? Go to bewealthypodcast.com and click Apply Now.

📥 FREE TOOLS & DOWNLOADS

Grab 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 WORKSHOP

Spend 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 Mitchell

Brett 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.

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⏱ TIMESTAMPS

0:00 Intro

3:10 Lead vs Lag Indicators

5:03 Past, Present, Future

11:54 Net Profit Margin

15:51 Expense Ratio

25:15 Cost of Goods Sold

29:24 Losing Money on Leads

34:39 Part 2: The Present

35:57 The One Number to Watch

41:51 Finding the Bottleneck

48:20 Systematic, Scalable, Leverage

56:13 Part 3: The Future

57:49 Hot, Nurture, Watch

1:02:34 Laws of the Pipeline

1:08:07 Customer Acquisition Cost

1:17:37 Biggest Business Mistakes

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📚 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 CONNECTED

Website: bewealthypodcast.com

YouTube: youtube.com/@bewealthybrett

Instagram: instagram.com/bewealthybrett

Facebook: facebook.com/brettbewealthy

X/Twitter: x.com/bewealthybrett

━━━━━━━━━━━━━━━━━━━━━━━

🎁 FREE RESOURCES

Some 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/#resources

Cost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.com

Infinite Banking Education: SaveLikeaBank.com

Self-Directed IRA: MaxOutRetirement.com

Trust & Entity Structure: SetupMyEstate.com

Off-Market Deals & Direct Mail: TheMagicMailers.com

1031 Exchange: Exchange1031Now.com

Bookkeeping & Financial Services: BooksOffMyPlate.com

PPC & Digital Marketing for RE Investors: ScaleMyDeals.com

━━━━━━━━━━━━━━━━━━━━━━━

🎙 ABOUT THE SHOW

The 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.

━━━━━━━━━━━━━━━━━━━━━━━

⚠️ DISCLAIMER

Be 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.

🎯 JOIN THE BE WEALTHY MASTERMIND

Want to join a room of entrepreneurs who think bigger about money? Go to bewealthypodcast.com and click Apply Now.

📥 FREE TOOLS & DOWNLOADS

Get the flash report, the 1-3-5 outline, and more at bewealthypodcast.com/#resources

🎟 JOIN US AT THE WORKSHOP

Spend 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 Mitchell

Most 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.

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⏱ TIMESTAMPS

0:00 Intro

2:15 Raising Kids With Money

5:08 A Safe Place to Struggle

7:44 Why Money Lessons Fail

11:01 Weaponized or Taboo

17:03 Habits Beat Net Worth

19:19 How Wealthy Parents Think

21:47 Responsibility, Not Rewards

25:50 The Prenup Hot Take

28:44 Don't Tie Money to Love

33:41 Let Them Be Bored

42:29 What They Over-Invest In

53:47 Money by Age: 5-10

59:04 The Lemonade Empire

1:01:52 Money by Age: 11-15

1:11:15 Money by Age: 16-22

1:14:18 The Ownership Lesson

1:23:34 The $255 Windshield

1:27:23 The Real Inheritance

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📚 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 CONNECTED

Website: bewealthypodcast.com

YouTube: youtube.com/@bewealthybrett

Instagram: instagram.com/bewealthybrett

Facebook: facebook.com/brettbewealthy

X/Twitter: x.com/bewealthybrett

━━━━━━━━━━━━━━━━━━━━━━━

🎁 FREE RESOURCES

Some 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/#resources

Cost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.com

Infinite Banking Education: SaveLikeaBank.com

Self-Directed IRA: MaxOutRetirement.com

Trust & Entity Structure: SetupMyEstate.com

Off-Market Deals & Direct Mail: TheMagicMailers.com

1031 Exchange: Exchange1031Now.com

Bookkeeping & Financial Services: BooksOffMyPlate.com

PPC & Digital Marketing for RE Investors: ScaleMyDeals.com

━━━━━━━━━━━━━━━━━━━━━━━

🎙 ABOUT THE SHOW

The 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.

━━━━━━━━━━━━━━━━━━━━━━━

⚠️ DISCLAIMER

Be 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.

🎯 JOIN THE BE WEALTHY MASTERMIND

Want to join a room of entrepreneurs who think bigger about money? Go to bewealthypodcast.com and click Apply Now.

📥 FREE TOOLS & DOWNLOADS

Get the flash report, the 1-3-5 outline, and more at bewealthypodcast.com/#resources

🎟 JOIN US AT THE WORKSHOP

Spend 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 Podcast

Most 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.

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⏱ TIMESTAMPS

0:00 Intro

1:53 The Money Series, Recapped

2:25 Why You Outsource Your Spending

7:56 Wealthy People Spend Weird

11:39 The 3 Spending Questions

14:52 Choosing What You're Weird About

24:17 Defining "Enough"

29:47 Non-Negotiable Spends

31:36 Hard Caps & Delay Rules

40:28 The Optimization Ladder

43:02 Spend Deeper, Not Louder

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📚 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 CONNECTED

Website: bewealthypodcast.com

YouTube: youtube.com/@bewealthybrett

Instagram: instagram.com/bewealthybrett

Facebook: facebook.com/brettbewealthy

X/Twitter: x.com/bewealthybrett

━━━━━━━━━━━━━━━━━━━━━━━

🎁 FREE RESOURCES

Some 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/#resources

Cost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.com

Infinite Banking Education: SaveLikeaBank.com

Self-Directed IRA: MaxOutRetirement.com

Trust & Entity Structure: SetupMyEstate.com

Off-Market Deals & Direct Mail: TheMagicMailers.com

1031 Exchange: Exchange1031Now.com

Bookkeeping & Financial Services: BooksOffMyPlate.com

PPC & Digital Marketing for RE Investors: ScaleMyDeals.com

━━━━━━━━━━━━━━━━━━━━━━━

🎙 ABOUT THE SHOW

The 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.

━━━━━━━━━━━━━━━━━━━━━━━

⚠️ DISCLAIMER

Be 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.

🎯 JOIN THE BE WEALTHY MASTERMIND

Want to join a room of entrepreneurs who think bigger about money? Go to bewealthypodcast.com and click Apply Now.

📥 FREE TOOLS & DOWNLOADS

Get the flash report, the 1-3-5 outline, and more at bewealthypodcast.com/#resources

🎟 JOIN US AT THE WORKSHOP

Spend 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 Mitchell

Most 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.

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⏱ TIMESTAMPS

0:00 Intro

1:52 Your Personal Operating System

11:13 The 10/10 Honesty Rule

12:48 Zero Sick Days in 11 Years

20:04 Job Descriptions at Home

25:04 The $10 Uber Test

29:21 Honoring Every Commitment

31:15 The 9-to-5 Leak

44:26 The Morning Routine Trap

51:58 Leagues and "I Deserve"

57:15 Your Calendar Reveals Your Income

1:04:57 Net Income vs Ego

1:06:51 The 5 People Rule

1:15:58 Crypto and Day-Trade Traps

1:22:28 The Recap

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📚 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 CONNECTED

Website: bewealthypodcast.com

YouTube: youtube.com/@bewealthybrett

Instagram: instagram.com/bewealthybrett

Facebook: facebook.com/brettbewealthy

X/Twitter: x.com/bewealthybrett

━━━━━━━━━━━━━━━━━━━━━━━

🎁 FREE RESOURCES

Some 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/#resources

Cost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.com

Infinite Banking Education: SaveLikeaBank.com

Self-Directed IRA: MaxOutRetirement.com

Trust & Entity Structure: SetupMyEstate.com

Off-Market Deals & Direct Mail: TheMagicMailers.com

1031 Exchange: Exchange1031Now.com

Bookkeeping & Financial Services: BooksOffMyPlate.com

PPC & Digital Marketing for RE Investors: ScaleMyDeals.com

━━━━━━━━━━━━━━━━━━━━━━━

🎙 ABOUT THE SHOW

The 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.

━━━━━━━━━━━━━━━━━━━━━━━

⚠️ DISCLAIMER

Be 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.

🎯 JOIN THE BE WEALTHY MASTERMIND

Want to join a room of entrepreneurs who think bigger about money? Go to bewealthypodcast.com and click Apply Now.

📥 FREE TOOLS & DOWNLOADS

Get 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 Mitchell

Brett 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.

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⏱ TIMESTAMPS

0:00 Intro

0:35 Welcome Back

2:14 Where This Came From

3:20 The Five Meetings

4:18 Why Agendas Matter

20:17 Inside The Bottle

33:08 You're An Asset

46:12 Your P&L Is A Tool

49:41 The Numbers Most Skip

53:16 Tracking The Ratios

57:00 The Flash Report

1:05:47 Annual Planning

1:06:20 The 1-3-5 Tool

1:09:13 Losing So Slow

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📚 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

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🔗 GET CONNECTED

Website: bewealthypodcast.com

YouTube: youtube.com/@bewealthybrett

Instagram: instagram.com/bewealthybrett

Facebook: facebook.com/brettbewealthy

X/Twitter: x.com/bewealthybrett

━━━━━━━━━━━━━━━━━━━━━━━

🎁 FREE RESOURCES

Some 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/#resources

Cost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.com

Infinite Banking Education: SaveLikeaBank.com

Self-Directed IRA: MaxOutRetirement.com

Trust & Entity Structure: SetupMyEstate.com

Off-Market Deals & Direct Mail: TheMagicMailers.com

1031 Exchange: Exchange1031Now.com

Bookkeeping & Financial Services: BooksOffMyPlate.com

PPC & Digital Marketing for RE Investors: ScaleMyDeals.com

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🎙 ABOUT THE SHOW

The 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.

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⚠️ DISCLAIMER

Be 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.

🎯 JOIN THE BE WEALTHY MASTERMIND

Want to join a room of entrepreneurs who think bigger about money? Go to bewealthypodcast.com and click Apply Now.

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Why the BRRRR Method Doesn't Work | Brett Tanner

This 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.

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⏱ TIMESTAMPS

0:00 Intro

0:49 The $15M Recap

2:40 BRRRR vs Cash-Out Refi

6:50 The "Roast" Breakdown

8:03 Running The Math

17:04 Answering The Comments

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🔗 GET CONNECTED

Website: www.BeWealthy.com

YouTube: youtube.com/@bewealthybrett

Instagram: instagram.com/bewealthybrett

Facebook: facebook.com/brettbewealthy

X/Twitter: x.com/bewealthybrett

━━━━━━━━━━━━━━━━━━━━━━━

🎁 FREE RESOURCES

Some 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/resources

Cost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.com

Infinite Banking Education: SaveLikeaBank.com

Self-Directed IRA: MaxOutRetirement.com

Trust & Entity Structure: SetupMyEstate.com

Off-Market Deals & Direct Mail: TheMagicMailers.com

1031 Exchange: Exchange1031Now.com

Bookkeeping & Financial Services: BooksOffMyPlate.com

PPC & Digital Marketing for RE Investors: ScaleMyDeals.com

━━━━━━━━━━━━━━━━━━━━━━━

🎙 ABOUT THE SHOW

The 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.

━━━━━━━━━━━━━━━━━━━━━━━

⚠️ DISCLAIMER

Be 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.

🎯 JOIN THE BE WEALTHY MASTERMIND

Want 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 Mitchell

Brandon 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.

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⏱ TIMESTAMPS

0:00 Intro

0:46 BRRRR Was Just A Cash Out Refi

1:31 Brandon Just Lost $15M

2:17 The Grandmother Problem

9:30 Introducing The ROAST Method

12:17 Commercial Real Estate 101

16:23 Cap Rates vs Comps

22:13 How Banks Make Money

25:37 The $1.26 Trillion Wall

29:49 Heights On Katy Breakdown

33:20 A-Class Property, Zero Upside

36:49 What Actually Killed The Deal

40:17 Class A vs Class B Investors

42:49 Five Reasons Syndications Die

49:00 Questions To Ask Before You Invest

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📚 BOOKS & RESOURCES MENTIONED

- The Bankers Code by George Antone

- Poor Charlie's Almanack by Charlie Munger

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🔗 GET CONNECTED

Website: www.BeWealthy.com

YouTube: youtube.com/@bewealthybrett

Instagram: instagram.com/bewealthybrett

Facebook: facebook.com/brettbewealthy

X/Twitter: x.com/bewealthybrett

━━━━━━━━━━━━━━━━━━━━━━━

🎁 FREE RESOURCES

Some 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/resources

Cost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.com

Infinite Banking Education: SaveLikeaBank.com

Self-Directed IRA: MaxOutRetirement.com

Trust & Entity Structure: SetupMyEstate.com

Off-Market Deals & Direct Mail: TheMagicMailers.com

1031 Exchange: Exchange1031Now.com

Bookkeeping & Financial Services: BooksOffMyPlate.com

PPC & Digital Marketing for RE Investors: ScaleMyDeals.com

━━━━━━━━━━━━━━━━━━━━━━━

🎙 ABOUT THE SHOW

The 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.

━━━━━━━━━━━━━━━━━━━━━━━

⚠️ DISCLAIMER

Be 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.

🎯 JOIN THE BE WEALTHY MASTERMIND

Want 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 Richer

Part 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

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⏱ TIMESTAMPS

0:00 Intro and the 5 categories wealthy people pay more for

1:25 Quality and reliability: why broke people buy 3 cheap versions and wealthy people buy 1

4:36 Why Brett drives a Tesla and what it actually buys back for him

7:35 The Yeti, the Tumi suitcase, and the Mercedes lease Katelyn traded in

13:45 Warren Buffett's cigar-butt investing and the Charlie Munger flip that changed it

15:50 The $1,000 Costco run at age 21 that bought back Brett's time

18:09 Experiences not things and the memory dividend that compounds like a stock

30:30 "Buy memories, not sh*t" - Brett's anchor on what real wealth actually pays for

32:17 Hospitality and relationships: host the table or eat alone

41:33 Your real biggest expense isn't your mortgage, it's the network you're not building

42:08 Proximity and environment: the office Brett bought in 2010 when Wall Street said only morons would

47:43 Privacy and structure: Wyoming LLCs, TSA PreCheck, and why real wealth whispers

53:19 The "I can't afford it" lie and the Aladdin Factor question that replaces it

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📚 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 CONNECTED

Website: www.BeWealthy.com

YouTube: youtube.com/@bewealthybrett

Instagram: instagram.com/bewealthybrett

Facebook: facebook.com/brettbewealthy

X/Twitter: x.com/bewealthybrett

━━━━━━━━━━━━━━━━━━━━━━━

🎁 FREE RESOURCES

Some 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/resources

Cost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.com

Infinite Banking Education: SaveLikeaBank.com

Self-Directed IRA: MaxOutRetirement.com

Trust & Entity Structure: SetupMyEstate.com

Off-Market Deals & Direct Mail: TheMagicMailers.com

1031 Exchange: Exchange1031Now.com

Bookkeeping & Financial Services: BooksOffMyPlate.com

PPC & Digital Marketing for RE Investors: ScaleMyDeals.com

━━━━━━━━━━━━━━━━━━━━━━━

🎙 ABOUT THE SHOW

The 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.

━━━━━━━━━━━━━━━━━━━━━━━

⚠️ DISCLAIMER

Be 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.