818: From 16-Year-Old Skater to Investing in “Cash Machine” Kmart Conversions w/Mikey Taylor - a podcast by BiggerPockets

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 buyWhat 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 profitThe “blue ocean” real estate deals many are too scared to touch
Converting Kmarts into self-storage and how much money Mikey makes off of eachHow to avoid lifestyle inflation when you start making big bucks (so you can invest the rest!)
And So Much More!Links from the Show
Find an AgentFind a Lender
BiggerPockets Youtube ChannelBiggerPockets Forums
BiggerPockets Pro MembershipBiggerPockets Bookstore
BiggerPockets BootcampsBiggerPockets Podcast
BiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your AreaDavids's BiggerPockets Profile
David's InstagramRob's BiggerPockets Profile
Rob's InstagramRob's TikTok
Rob's TwitterRob's YouTube
BiggerPockets Podcast 763 with Barbara CorcoranBiggerPockets Podcast 810 with Greg Harden
BiggerPockets Podcast 700 with Rob DyrdekConnect with Mikey:
Mikey's InstagramMikey's Website
Mikey's YouTubeClick here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-818
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.Recorded at Spotify Studios LA.
Learn more about your ad choices. Visit megaphone.fm/adchoices

Further episodes of BiggerPockets Real Estate Podcast

Further podcasts by BiggerPockets

Website of BiggerPockets