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The Housing Market Is About To Change Forever (Here's Why) | Mikey Taylor

The Housing Market Is About To Change Forever (Here's Why) | Mikey Taylor

FromRyan Pineda


The Housing Market Is About To Change Forever (Here's Why) | Mikey Taylor

FromRyan Pineda

ratings:
Length:
86 minutes
Released:
Feb 16, 2024
Format:
Podcast episode

Description

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!---If you want to level up, text me at 725-444-5244! ---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, Mikey is also actively involved in his city council in Thousand Oaks, CA, working to address the city's needs. Mikey anticipates a favorable year for raising money in 2024 but advises that seizing opportunities requires a solid financial foundation. The conversation delves into other variables influencing the real estate market this year, providing valuable insights for those looking to stay informed.
Released:
Feb 16, 2024
Format:
Podcast episode

Titles in the series (100)

The Ryan Pineda Show features inspiration, content, and top guests from all industries. This includes business, real estate, social media, sports, health, and entertainment.Ryan Pineda is an Entrepreneur, Real Estate Investor, Influencer, Retired Pro Baseball Player, and Best Selling Author. Visit RyanPineda.com to learn more about how we can help you! For inquiries please email media@ryanpineda.com