Cash flow “machines” is how Mikey Taylor describes his most recent investments. To the non-investors, the numbers seem too good to be true. But Mikey has repeated this system, again and again, to make millions of dollars off of “boring” investments that most investors overlook. What “cash machines” is Mikey referring to, and how do you go from making $800/month to millions of dollars like he did?
Mikey has no degree, full-time job, or wealthy parents to hand him an inheritance. At sixteen, Mikey made it his mission to find sponsors for his skateboarding career. What started as a hobby grew into a profession, but Mikey knew it wouldn’t last. After searching for some other income to support him when his career finally ended, Mikey conveniently stumbled upon real estate—and the rest is history.
Since ending his skateboarding career, Mikey has built a brewery, invested in multiple BIG multifamily deals, and started buying the “cash machine” properties so many investors WISH they could get their hands on. If you want to know the strategy behind these bold moves and how you can go from barely scraping by to financial mastery, like Mikey, this is THE episode to watch.
In This Episode We Cover:
The “cash machine” real estate investments only few investors will buy
What REAL passive income looks like and how to start building your income streams today
Starting a brewery from scratch and selling it for an almost unbelievable profit
The “blue ocean” real estate deals many are too scared to touch
Converting Kmarts into self-storage and how much money Mikey makes off of each
How to avoid lifestyle inflation when you start making big bucks (so you can invest the rest!)
And So Much More!
Links from the Show
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Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Davids's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's YouTube
BiggerPockets Podcast 763 with Barbara Corcoran
BiggerPockets Podcast 810 with Greg Harden
BiggerPockets Podcast 700 with Rob Dyrdek
Connect with Mikey:
Mikey's Instagram
Mikey's Website
Mikey's YouTube
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-818
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Recorded at Spotify Studios LA.
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