Episode #818 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. ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media ~~~~ Expand Your Investing Knowledge With the BiggerPockets Books: https://store.biggerpockets.com/?utm_source=owned_media ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Find Investor-Friendly Lenders: http://biggerpockets.com/lendermatch ~~~~ Past Episodes Mentioned on Today’s Show: Barbara Corcoran: https://www.biggerpockets.com/blog/real-estate-763?utm_source=youtube&utm_medium=description&utm_campaign=none Greg Harden: https://www.biggerpockets.com/blog/real-estate-810?utm_source=youtube&utm_medium=description&utm_campaign=none Rob Dyrdek: https://www.biggerpockets.com/blog/real-estate-700?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with Mikey: Instagram: @mikeytaylor or https://www.instagram.com/mikeytaylor/ Website: https://communecapital.com/ YouTube: https://www.youtube.com/channel/UCwtUjIkbYj0WwGuB0cqUfqA ~~~~ Connect with David and Rob on BiggerPockets: David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with Rob (Robuilt): Instagram: https://www.instagram.com/robuilt/ TikTok: https://www.tiktok.com/@robuilto Twitter: https://www.twitter.com/robuiltchannel YouTube: https://www.youtube.com/c/Robuilt ~~~~ Follow David and BiggerPockets on Instagram: @davidgreene24 or https://www.instagram.com/davidgreene24/ @biggerpockets or https://www.instagram.com/biggerpockets/ Show notes at: https://www.biggerpockets.com/blog/real-estate-818?utm_source=youtube&utm_medium=description&utm_campaign=none Recorded at Spotify Studios LA. 00:00 Intro 02:46 Quick Tip 03:04 Insane Frugality 11:00 First Taste of Passive Income 13:32 Building a Brewery from Zero 22:35 Buying Where No One Else Would 35:32 Storage, Loans, and More Deals 42:12 Turning Kmarts into Cash Flow 50:08 Mikey's 4 Rules to Follow 53:58 Connect with Mikey!