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JAYSON WALLER UNLEASHED

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

JAYSON WALLER UNLEASHED

Jayson Waller

Business, Entrepreneurship, Society & Culture

4.4649 Ratings

🗓️ 12 January 2023

⏱️ 35 minutes

🧾️ Download transcript

Summary

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/

Check out the Podcast website: https://letstalkbam.com


Follow Business and Money Podcast, Formerly True Underdog; and Jayson Waller on your favorite social media channels and digital podcast platforms:

https://linktr.ee/businessandmoneypodcast


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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Don’t forget to subscribe to the BUSINESS AND MONEY, FORMERLY TRUE UNDERDOG PODCAST with over 2 million downloads!!


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Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the BAM podcast. That's right. Bam, business and money instead of bitching and moaning.

0:08.5

This is the 2.0 version of the top three podcast, True Underdog. This will give you an inside look at building a business, overcoming business and personal issues, and most of all, not fitching and buying into this bitch-ass

0:22.9

cancel culture lifestyle. I'm tired of it. I'm sure you're tired of it. Take it from me who I've

0:27.8

built three companies and have done over a billion in sales in my time. You're going to hear

0:31.9

from cool-ass guests as well on my show. You've zero time to bitch. Time to make your move. Let's fucking go. Bam! Bam! Jason Waller here with the Bam podcast. That's Business and Money Podcasts. Top five entrepreneur podcasts coming straight out of the gate, going for that number one spot. And I am super, super excited about my guest today. He's from the West Coast, which I love.

0:56.2

That's where I grew up in Arizona. He grew up in Cali. It's a little nicer. But this guy's an entrepreneur. He used to be a bomb-ass skateboarder. I think maybe he's still skateboards. And he's going to talk to us, especially in what we think we're going into a recession of how to try to be recession proof, how to invest into real estate and do big things. My boy,

0:54.0

Mikey Taylor, how you doing? real estate and do big things.

1:11.6

My boy, Mikey Taylor, how you doing? I'm doing great. Thanks for having me. Hopefully this episode is the one that fuels the number one spot, huh? That's it, man. That would be great, right? Because you're like Ed Milet's my friend and Andy Fasella's my friend. And those two were sitting at one and two last I looked and I was four. So I said,

1:08.8

uh,

1:09.2

how do I climb up and catch those guys?

1:11.0

So hopefully this pushes us up there. And then, uh, I can have a chat with them to say, see, I told you. But yeah, those are big, there's a big, big shoes to Phil's, but we're going to try. We're going to try. Hey, I'm just honored that I'm in the, I'm in the conversation with them. Like, I'm excited about that. And this is the second podcast I've done, Mike.

1:45.4

I had one called True Underdog that did hit top three, never went higher than that. This one's a brand new one that I started over in December. And it's going really well. I got some cool guests coming on. And I'm excited to talk to you because, you know, I was watching some of your stuff on Instagram. and, you know, it's cool that you skateboard.

1:43.7

You got that cool Cali look that everyone can resonate with. Like, look, that's what California. If you want to know what the fuck California looks like, that's it right there. That's what California looks like. But that's a good thing. That's a compliment. That's what like that part of California looks like. The rest of fucking California is a little different. I've been out there enough to say that. But to get into real estate and do what you do, let's talk about first,

2:22.6

you know, what did you used to do before? What convinced you and pushed you to get into real

2:26.5

estate? Yeah, it's a really good question. So I was, my first career was a skateboarder,

2:32.1

as a professional skateboarder, which is like a dream come true for a kid, except it's a career that has no longevity to it.

2:40.2

And, you know, part of this energy around skateboarding was this fear of what happens after our careers.

2:46.4

And it was kind of that fear that forced me to be in a position of trying to figure out what was next.

2:52.3

And I got introduced to some people who were investing in storage units.

2:56.1

I knew nothing about it.

2:58.3

I was just so desperate to figure something out that it sounded good.

3:03.9

I didn't even understand how to do due diligence.

...

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