ABOUT THIS EPISODE
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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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🎁 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
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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.
