#14: Mikey Taylor: How to be Recession Proof and Other Life Lessons

In today's episode, Jayson is joined by Mikey Taylor. Mikey Taylor is a former professional skateboarder who now spends his time investing in real estate across the United States at Commune Capital.

He is also now the city council member of Thousand Oaks in California.

His path into real estate started in the skate parks. When he was 16, his parents told him to get a job. He learned how to get sponsors to pay for his travel to skate competitions around the world and he was starting to earn an income. His mother introduced him to someone to help him build a financial plan. After his skating career was coming to a close, he and some friends constructed a successful craft brewery, Saint Archer, which they sold to MillerCoors in 2015. He then invested in some storage units and multifamily properties in what became Commune Capital. His success is built on his skills of courage, resilience, engagement, the ability to spot talent, and the magic of following up.

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HIGHLIGHTS:

• Going from skateboarding to owning a brewery with friends to real estate investing, to now being a city council member
• How he used skateboarding as leverage for all his businesses
• Dealing with different scales of haters
• Investing in Real Estate

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Mikey Taylors' Social Media Links

Instagram: https://www.instagram.com/mikeytaylor/

Commune Capital: https://communecapital.com/invest/

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SOCIAL MEDIA:

Check out Jayson’s website: https://www.jaysonwaller.com/ ‌

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Business and Money, formerly True Underdog is a Top 3 Entrepreneurship podcast on Apple hosted by Jayson Waller, Former CEO of POWERHOME Solar, one of the fastest-growing private companies in the USA, and his high-profile guests share motivational tips, inspiring stories, and business-building lessons to help each listener grow in their entrepreneurial journey.

Reach‌ ‌out‌ ‌to‌ ‌Jayson‌ ‌directly‌ ‌at:‌ ‌ Jaysonwaller1979@gmail.com

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TIMESTAMPS:

00:00 - PRELUDE

00:40 - INTRODUCTION

01:15 - Introducing Mikey Taylor

02:30 - How Mikey Tylor got started in real estate investing plus how the end of skateboarding forced Mikey Taylor to find out what was next for his career

04:00 - The fear that drives you to a better path

07:00 - Diversifying his investments to make more in the long term

09:00 - Started his first business in 2011

10:15 - Be the example of “if I can do it, then anybody can”

12:15 - How does Mikey Taylor go about dealing with Haters?

16:45 - Everyone has the opportunity to be successful

22:30 - Communicating with the kids about their drive and how that relates to a business

24:30 - You evolve as a person

25:30 - Does it become easier throughout the years in business by not sweating the small problems?

28:00 - How does anyone get started investing in commercial real estate? Plus the difference between a passive investor and an active investor.

32:30 - A message from Mikey Taylor

35:08- END

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