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

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 estateThe real reason renting isn’t “throwing money away”What the Fed’s rate hikes actually created in the housing marketHow Mikey saves $8K/month and invests the difference in cash-flowing propertiesWhy cash flow isn’t king—and what really builds wealth long termIf you want to think like an investor, not a homeowner, this one will shift your entire lens.Join our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest. Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com. If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth. Connect with Rich on Instagram: @rich_somers