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

<p>In this episode of the&nbsp;<a href="https://www.biggerpockets.com/podcast" target="_blank">BiggerPockets Podcast</a>, we talk about a subject many investors debate about: investing in OLD properties. Today’s guest,&nbsp;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&nbsp;why Dana focuses on small multifamily properties&nbsp;and she offers some incredible insight into being an effective landlord — no matter your age or experience level.</p><p>In This Episode We Cover:</p><ul><li>Why Dana and her boyfriend&nbsp;rented in&nbsp;Salem, the&nbsp;infamous place of witch trials</li><li>How she bought a&nbsp;house from 1784</li><li>Things to note about buying&nbsp;old houses</li><li>The numbers on their&nbsp;second property</li><li>Why she wants to&nbsp;avoid&nbsp;inheriting tenants</li><li>Why Dana seeks&nbsp;one bedrooms&nbsp;with smaller footprints</li><li>The&nbsp;“stepping stone” property for&nbsp;young professionals</li><li>Why&nbsp;lead-based paint&nbsp;is an issue</li><li>Things she’s learned from&nbsp;being a&nbsp;landlord&nbsp;in her mid-twenties</li><li>A discussion on&nbsp;open houses&nbsp;vs.&nbsp;individual showings</li><li>How to deal with&nbsp;tenant issues</li><li>How to know when&nbsp;it’s&nbsp;time to sell</li><li>The importance of knowing the&nbsp;end goal&nbsp;and taking steps to get there</li><li>How she managed to juggle&nbsp;full-time jobs&nbsp;and investing</li><li>How many properties&nbsp;she has now and why she’s just hitting a “target”</li><li>What she means by the “building years”</li><li>How she&nbsp;manages&nbsp;her properties</li><li>What it’s&nbsp;like being a&nbsp;woman investor</li><li>And SO much more!</li></ul><p>Links from the Show</p><ul><li><a href="https://twitter.com/jrdorkin" target="_blank">Josh’s Twitter Account</a></li><li><a href="https://www.biggerpockets.com/blog/2014/12/04/personal-finance-real-estate-investment/" target="_blank">BP Podcast 099: 3 Personal Finan