187: Building Wealth Through Older Small Multifamily Properties with Dana Bull

In this episode of the BiggerPockets Podcast, we talk about a subject many investors debate about: investing in OLD properties. Today’s guest, Dana Bull, has filled her portfolio with properties over 100 years — and she dishes out the good, the bad, and the ugly details. You’ll also learn why Dana focuses on small multifamily properties and she offers some incredible insight into being an effective landlord — no matter your age or experience level. In This Episode We Cover:Why Dana and her boyfriend rented in Salem, the infamous place of witch trialsHow she bought a house from 1784Things to note about buying old housesThe numbers on their second propertyWhy she wants to avoid inheriting tenantsWhy Dana seeks one bedrooms with smaller footprintsThe “stepping stone” property for young professionalsWhy lead-based paint is an issueThings she’s learned from being a landlord in her mid-twentiesA discussion on open houses vs. individual showingsHow to deal with tenant issuesHow to know when it’s time to sellThe importance of knowing the end goal and taking steps to get thereHow she managed to juggle full-time jobs and investingHow many properties she has now and why she’s just hitting a “target”What she means by the “building years”How she manages her propertiesWhat it’s like being a woman investorAnd SO much more!Links from the ShowJosh’s Twitter AccountBP Podcast 099: 3 Personal Finance Bloggers & Their First Real Estate Investment with Scott, Lauren, and PhilipBiggerPockets WebinarBiggerPockets ForumsBooks Mentioned in this ShowProperty Management Kit For Dummies by Robert S. GriswoldThe Book on Managing Rental Properties by Brandon and Heather TurnerThe EveryGirl’s Guide to Life by Maria MenounosTweetable Topics:“All of our properties have some sort of story in them.” (Tweet This!)“If people want your time or if people want to live in your space, they need to respect you and your time.” (Tweet This!)“There are so many approaches you can take, and I think the key is to just start.” (Tweet This!)Connect with DanaDana’s BiggerPockets ProfileDana’s Company WebsiteDana’s LinkedIn Profile