What Not to Buy if You Want to Make Money in Real Estate | Mikey Taylor E374

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1M ago 11:38

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Want to build wealth in real estate? Start by knowing what not to buy.

In this episode, Rich links up with Mikey Taylor to expose the most common mistakes investors make when chasing deals—and why owning the wrong type of real estate can quietly kill your returns. From high-rise condos and HOAs to the myth of the “dream home,” Mikey breaks down the numbers, the opportunity costs, and what the wealthy do differently.

They dive into:

Why high-rise condos are the worst-performing asset class in real estate
The real reason renting isn’t “throwing money away”
What the Fed’s rate hikes actually created in the housing market
How Mikey saves $8K/month and invests the difference in cash-flowing properties
Why cash flow isn’t king—and what really builds wealth long term

If you want to think like an investor, not a homeowner, this one will shift your entire lens.

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