How Wealthy Real Estate Pros Close One Year — and Set Up the Next

In this episode, Brett Tanner and co-host Katelyn Mitchell walk through the exact end-of-year and start-of-year wealth checklist they personally use to manage their businesses, reduce taxes, and grow long-term wealth.This episode is highly tactical — Brett covers how to update entity structures, evaluate your investments, adjust your wealth plan, review rental performance, optimize retirement accounts, and create a simple 12-month business and financial roadmap.If you're building wealth, this episode shows you precisely what to review, update, and execute every December and January to stay on track for long-term financial freedom.🔑 TOP TAKEAWAYSClean up your entity structure yearly.A simple, accurate flowchart helps your CPA and improves tax strategy.Track your wealth consistently.Monthly net worth and annual plan updates keep you on course.Review every rental property annually.Update values, cash flow, and return metrics to spot underperformers.Fix or reposition bad assets.Refinance, improve, raise rents, or sell—don’t hold dead weight.Max out your retirement accounts.HSA, Roth, Backdoor Roth, and self-directed accounts accelerate long-term wealth.Build a simple 1–3–5 wealth plan.One goal, three priorities, five actions—clarity drives results.Wealth is a system, not luck.Small yearly adjustments compound into financial freedom.⏱️ TIMESTAMPS00:00 — Intro01:30 — Why Your Wealth Plan Must Be a Checklist02:45 — End-of-Year Framework Overview05:00 — Update Your Entity Flowchart09:50 — How to Review Your Entities Properly14:00 — Update Your Wealth Plan & Personal Balance Sheet19:00 — Understanding Net Worth Tracking25:00 — Your 30-Year Plan & Annual Review28:30 — Update Rental Property Fair Market Values33:00 — Expense Ratio: The #1 Driver of Rental Success39:00 — What To Do With Underperforming Assets43:00 — Retirement Accounts You Should Optimize49:00 — Building Your 1-3-5 Wealth Plan55:00 — Final Steps: Calendar, tax strategy, and business financial reviewRESOURCES & MENTIONSBE WEALTHY TOOLSEntity Structure Template (LLC + Trust Flowchart)Personal Balance Sheet Template30-Year Wealth Plan TemplateRental Tracker Spreadsheet1-3-5 Wealth Planning TemplateFlash Report (Business KPIs)Be Wealthy Retirement Account Guide⚡ CONNECT & SUBSCRIBE🚨 BE WEALTHY WEBSITE 🚨👉 www.BeWealthy.com📱 Follow Be Wealthy:Facebook: / brettbewealthy Instagram: / bewealthybrett Twitter (X): / bewealthybrett YouTube: / bewealthybrett🧱 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.📚 Free Resources: https://www.bewealthybrett.com/resources🏦 Infinite Banking Education: SaveLikeaBank.com⚡️ Cost Segregation Studies and 45L Tax Credit: SingleFamilyCostSeg.com💵 Self-Directed IRA: MaxOutRetirement.com🏢 Trust and Entity Structure: http://setupmyestate.com/🏘️ Off-Market Deals and Cash Buyers List: TheMagicMailers.com🛠️ Hard Money Financing: https://www.lendingcashnow.com/get-fu...📥 Wholesale Deals: getourhousedeals.com⚠️ 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, and should not be relied on for tax, legal, or accounting decisions. Always consult your own advisors before taking financial action.