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

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

🎯 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. ━━━━━━━━━━━━━━━━━━━━━━━ ⏱ 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 ━━━━━━━━━━━━━━━━━━━━━━━ 📚 BOOKS & RESOURCES MENTIONED - The Bankers Code by George Antone - Poor Charlie's Almanack by Charlie Munger ━━━━━━━━━━━━━━━━━━━━━━━ 🔗 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.

Things The Rich Buy That Make Them Richer

🎯 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 ━━━━━━━━━━━━━━━━━━━━━━━ ⏱ 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 ━━━━━━━━━━━━━━━━━━━━━━━ 📚 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.

Why I Sold 130 Rental Properties

🎯 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. ━━━━━━━━━━━━━━━━━━━━━━━ Diversification Makes You Rich. It Won't Make You Wealthy. | Brett Tanner + Katelyn Mitchell Brett 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. ━━━━━━━━━━━━━━━━━━━━━━━ ⏱ TIMESTAMPS 0:00 Intro 0:37 Apple Mountain Acquisition 3:05 Auction Due Diligence 9:44 Three Ways to Make Money 15:36 Concentrated vs. Diversified Bets 18:27 Wealthy vs. Fake Rich 22:42 Four Spending Categories 24:43 Time: Buying It Back 32:12 The Highest Dividend 36:00 Two Scorecards of Life 41:29 Health and Longevity 46:48 Sleep as an Investment 53:17 Learning and Skills 55:06 Paying for Expertise 1:00:30 Building a Mental Model 1:05:14 Kids Education and Exposure 1:08:45 Raising Non-Entitled Kids 1:14:38 Trusted Advisors 1:18:27 CPA and Tax Strategy 1:22:38 Estate Attorney and Fiduciary 1:27:30 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 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. ━━━━━━━━━━━━━━━━━━━━━━━ ABOUT THE CONVERSATION Brett 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.

How Wealthy Agents Actually Spend Their Money

🎯 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 Wealthy Agents Actually Spend Their Money | Brett Tanner Most people think rich people win by buying better stuff. They don't. They win because they refuse to buy certain things even when they easily could. In this episode Brett breaks down the five categories the wealthy systematically avoid spending on, from housing to cars to status, and shares the 30-33 housing rule that keeps his own payment under 2% of his income. ━━━━━━━━━━━━━━━━━━━━━━━ ⏱ TIMESTAMPS 0:00 Intro 8:20 Why Wealth Is Subtraction 9:17 #1: Housing 14:48 The 30-33 Rule 16:40 #2: Cars 19:00 #3: Status Spending 24:54 #4: What Doesn't Compound 27:52 #5: Small Leaks ━━━━━━━━━━━━━━━━━━━━━━━ 📚 BOOKS & RESOURCES MENTIONED - The Psychology of Money by Morgan Housel - Same as Ever by Morgan Housel - The Art of Spending Money by Morgan Housel - The Millionaire Next Door by Thomas J. Stanley - Buy This, Not That by Sam Dogen (The Financial Samurai) - Essentialism by Greg McKeown - Four Thousand Weeks by Oliver Burkeman - Die With Zero by Bill Perkins - The Almanac of Naval Ravikant by Eric Jorgenson - Atomic Habits by James Clear ━━━━━━━━━━━━━━━━━━━━━━━ 🔗 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 [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.

Why Most Realtors Lose The Listing In The First 4 Seconds (René Rodriguez)

🎯 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. ━━━━━━━━━━━━━━━━━━━━━━━ The Frame: How Top Agents Win The Listing Before They Even Open Their Mouth | Rene Rodriguez Rene Rodriguez has shared the stage with Tony Robbins, Gary Vee, and Ed Mylett. He spent 30 years studying the neuroscience behind why people say yes or no to anything. We get into the frame, the narrative gap, and the brain mechanics that decide every listing pitch before a single word is spoken. ━━━━━━━━━━━━━━━━━━━━━━━ 🎤 CONNECT WITH RENE Website: https://www.meetrene.com [https://www.meetrene.com/] Instagram: https://www.instagram.com/learnwithrene [https://www.instagram.com/learnwithrene] TikTok: https://www.tiktok.com/@learnwithrene [https://www.tiktok.com/@learnwithrene] Book: https://www.amplifiibook.com [https://www.amplifiibook.com/] ━━━━━━━━━━━━━━━━━━━━━━━ ⏱ TIMESTAMPS 0:00 Intro 1:24 Meet Rene Rodriguez 5:30 Growing Up Without Money 10:25 Why He Studied Neuroscience 12:00 Door-To-Door Cookware At 18 15:53 CEO At 22 During 9/11 18:30 Pivot Into Mortgage Sales 22:00 The PAP-CAR Sales System 30:00 Why Today Feels Like 2008 33:30 Run When Everyone Else Walks 36:00 Losing 100 Events In A Week 40:00 The Frame Explained 46:00 The Used Car Salesman Reframe 48:00 The Astronaut And The Lowest Bidder 53:30 The Narrative Gap 55:30 Watch Him Demonstrate It 1:04:00 Top 3 Books 1:13:00 60 Seconds With 21-Year-Old Rene ━━━━━━━━━━━━━━━━━━━━━━━ 📚 BOOKS & RESOURCES MENTIONED - Amplify Your Influence by Rene Rodriguez - Let's Get Real or Let's Not Play by Mahan Khalsa - You Can Have It All by Arnold Patent - The Four Questions by Byron Katie - WhisperFlow (AI voice dictation) - Ninja Creami (protein ice cream maker) ━━━━━━━━━━━━━━━━━━━━━━━ 🔗 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 [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. ━━━━━━━━━━━━━━━━━━━━━━━ GUEST INFO Rene Rodriguez is a WSJ best-selling author, keynote speaker, and behavioral neuroscientist who has trained over 100,000 people in influence and communication. His company AMPLIFII works with leaders, sales teams, and speakers across the country.