The Housing Market Is About To Change Forever (Here's Why) | Mikey Taylor
Wealthy Way
Skateboarding's Impact on Business Mindset
The chapter explores how skateboarding influences the business mindset, discussing the athlete mentality, creativity, challenges of transitioning to business, and the speaker's journey into real estate.
Learn more about the future of real estate investing with Mikey Taylor, a former pro skateboarder turned successful investor, as he and Ryan share valuable insights into raising money, navigating market concerns, and building a solid financial foundation, offering essential wisdom for anyone looking to thrive in the real estate market in 2024!
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If you want to level up, text me at 725-444-5244!
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Connect with Mikey!
Instagram - https://www.instagram.com/mikeytaylor/
YouTube - @mikeytaylor
Mikey was a pro skateboarder turned real estate investor. He didn't earn much as a pro skater, and the income wasn't as steady as he desired. Adopting a frugal lifestyle, Mikey saved diligently and, once he accumulated enough, delved into investing. He developed a passion for raising money and repaying investors, key aspects he wanted in his new business. Currently, Mikey invests in multi-family properties, storage, and private investing.
In a conversation with Ryan, Mikey shares insights into how raising money works, drawing from their own experiences and advice received from prominent developers worldwide.
Addressing ongoing issues in the real estate market, Ryan and Mikey highlight two concerns: supply and cash flow. Supply remains low across all real estate sectors, and with current interest rates and prices, cash flow doesn't align favorably for investors. Mikey anticipates that cap rates and interest rates will resolve themselves within the year, but he expresses concern about the persistent supply issues. He hypothesizes that entrepreneurs and technology will play a role in solving this problem, citing innovations like 3D printed homes.
Contemplating the scenario of deflation and an excess of new homes due to technological advancements, Mikey emphasizes the cyclical nature of real estate, assuring that such issues wouldn't be long-term concerns. Ryan envisions a future where advanced technology could lead to widespread homeownership.
Ryan and Mikey engage in discussions about risk levels and strategies, emphasizing the enduring value of skills, relationships/resources, and faith in the face of potential losses. They ponder how individuals spend their discretionary time, pointing out that, in a world with only 24 hours in a day, attention has become a valuable currency.
Focusing on his business in 2024, Mik
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If you want to level up, text me at 725-527-7783!
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generat...
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