259: Old-School Investing Wisdom from 60+ Years with Mike Anderson

<p>One of the most impactful moments for most real estate investors is meeting a “mentor,” someone older and wiser who can share with them the lessons they’ve learned. That’s exactly what today’s episode of&nbsp;<a href="https://www.biggerpockets.com/podcast" target="_blank">The BiggerPockets Podcast</a>&nbsp;is!&nbsp;<strong>Mike Anderson</strong>&nbsp;has invested in real estate for over 60 years, doing everything from&nbsp;<strong>buying 200 houses per month</strong>&nbsp;to owning a mortgage business to storage units and more. On today’s show, he dives into his story and the lessons he’s learned over the past half-century and offers insight and wisdom that newer investors need to hear. This conversation is fun, fast-paced, and filled with knowledge, so hang on for a wild ride!</p><p>In This Episode We Cover:</p><ul><li>The story of&nbsp;<strong>buying a house for $3,250</strong>&nbsp;(55 years ago)</li><li>How to buy and sell&nbsp;<strong>200 houses a month</strong></li><li>What he’s&nbsp;<strong>learned about people</strong>&nbsp;buying houses</li><li>Why you should buy rentals in&nbsp;<strong>school districts</strong></li><li>A discussion on&nbsp;<strong>cash flow vs. appreciation</strong></li><li>The concept of “<strong>dialing for dollars</strong>“</li><li>Why it’s all a&nbsp;<strong>number’s game</strong></li><li>Things to note when&nbsp;<strong>buying from wholesalers</strong></li><li>The usual&nbsp;<strong>problems</strong>&nbsp;with investors</li><li>Where to&nbsp;<strong>get the money</strong>&nbsp;for deals</li><li>Why&nbsp;<strong>perseverance is key</strong></li><li>How to hire the&nbsp;<strong>right people</strong></li><li>How to continue&nbsp;<strong>buying 10 or more houses</strong>&nbsp;(and get bank financing)</li><li>Why he’s&nbsp;<strong>concerned</strong>&nbsp;about the future</li><li><strong>And SO much more!</strong></li></ul><p>Links from the Show</p><ul><li><a href="http://biggerpockets.com/forums" target="_blank">BiggerPockets Forums</a></li><li><a href="http://biggerpockets.