Real Estate Investing Advice 2018

I've been investing in real estate since I was 22 — here's why it's one of the best ways to build wealth

  • Dana Bull is a realtor and real estate investor based in Massachusetts.
  • She became a landlord in her early 20s when she bought a condo and rented it out for extra income; she now owns more than a dozen rentals.
  • Investing in real estate is like building a business: It takes patience and hard work.

At 22 years old, I accidentally started a business when I persuaded my boyfriend that we should buy a condo together. Little did I know, the small purchase would jump-start an entire real-estate career.

Throughout our 20s, we went on to acquire a couple of dozen rentals in the Boston area. Along the way, we tied the knot, making our living arrangements and real-estate initiatives much less taboo — a major source of relief for our parents. But, that’s a story for another day.

Let’s not sugarcoat it. For me, it was really tough in the beginning (the housing stuff, not the marriage). I specifically remember spending not one but two Valentine’s days cleaning up after a sewer backup.

In those early years, I had to keep my eyes on the prize to stay motivated. Investing in real estate is a worthwhile endeavor if you play your cards right. Here’s why:

  • Cash flow: Rental properties are highly desirable for their ability to generate positive cash flow. This means after your mortgage and ot