{"id":79450,"date":"2016-08-11T00:02:51","date_gmt":"2016-08-11T06:02:51","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=79450"},"modified":"2023-04-14T02:09:36","modified_gmt":"2023-04-14T08:09:36","slug":"bp-podcast-187building-wealth-older-small-multifamily-properties-dana-bull","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/bp-podcast-187building-wealth-older-small-multifamily-properties-dana-bull","title":{"rendered":"Building Wealth Through Older Small Multifamily Properties with Dana Bull"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In this episode of the <a href=\"https:\/\/www.biggerpockets.com\/podcast\" target=\"_blank\"><strong>BiggerPockets Podcast<\/strong><\/a>, we talk about a subject many investors debate about: investing in OLD properties. Today\u2019s guest, <strong>Dana Bull<\/strong>, has filled her portfolio with properties over 100 years &#8212; and she dishes out the good, the bad, and the ugly details. You\u2019ll also learn <strong>why Dana focuses on small multifamily properties<\/strong> and she offers some incredible insight into being an effective landlord &#8212; no matter your age or experience level. <\/span><\/p>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">Click here<\/a>\u00a0to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC8047339323&#038;light=false\" width=\"100%\"><\/iframe><\/p>\n<h2>Watch the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" title=\"Building Wealth Through Older Small Multifamily Properties with Dana Bull | BP Podcast 187\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/sbw53YtCGcM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Help Us Out!<\/h2>\n<p>Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found <a href=\"https:\/\/www.biggerpockets.com\/forums\/25\/topics\/161423-do-you-listen-to-the-bp-podcast\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>. Thanks! We really appreciate it!<\/p>\n<h2>This Show Sponsored By<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-77567 alignright\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/03\/simplisafe.png\" alt=\"simplisafe\" width=\"271\" height=\"58\" title=\"\">Check out <strong>SimpliSafe<\/strong> Security&#8217;s DIY home security systems; an affordable, wireless, cellular, and customizable system that doesn&#8217;t require a contract!<\/p>\n<p>Try it today with a discount:\u00a0<a href=\"http:\/\/simplisafepockets.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">simplisafepockets.com\/<\/a><\/p>\n<h2>Fire Round\u00a0Sponsor<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-75010\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2015\/09\/PATLive-Logo1.png\" alt=\"PATLive-Logo\" width=\"232\" height=\"72\" title=\"\">We just wanted to give a shout out to our podcast sponsor\u00a0on today\u2019s show:<strong> PATLive<\/strong>. PATLive&#8217;s team of superstar receptionists will always leave your customers delighted. Every agent goes through a rigorous training course before they can answer calls, and we&#8217;ve got quality assurance down to an art.<\/p>\n<p>Learn more by visiting <a href=\"http:\/\/www.patlive.com\/biggerpockets\" target=\"_blank\" rel=\"noopener noreferrer\">PATLive.com\/biggerpockets<\/a>!<\/p>\n<h2>In This Episode We Cover:<\/h2>\n<ul>\n<li>Why Dana and her boyfriend\u00a0rented in <strong>Salem<\/strong>, the\u00a0infamous place of witch trials<\/li>\n<li>How she bought a <strong>house from 1784<\/strong><\/li>\n<li>Things to note about buying <strong>old houses<\/strong><\/li>\n<li>The numbers on their <strong>second property<\/strong><\/li>\n<li>Why she wants to <strong>avoid<\/strong> inheriting tenants<\/li>\n<li>Why Dana seeks <strong>one bedrooms<\/strong> with smaller footprints<\/li>\n<li>The\u00a0\u201cstepping stone\u201d property for <strong>young professionals<\/strong><\/li>\n<li>Why <strong>lead-based paint<\/strong> is an issue<\/li>\n<li>Things she&#8217;s learned from\u00a0being a <strong>landlord<\/strong> in her mid-twenties<\/li>\n<li>A discussion on\u00a0<strong>open houses<\/strong> vs.\u00a0individual showings<\/li>\n<li>How to deal with <strong>tenant issues<\/strong><\/li>\n<li>How to know when\u00a0it\u2019s <strong>time to sell<\/strong><\/li>\n<li>The importance of knowing the <strong>end goal<\/strong> and taking steps to get there<\/li>\n<li>How she managed to juggle <strong>full-time jobs<\/strong> and investing<\/li>\n<li><strong>How many properties<\/strong> she has now and why she\u2019s just hitting a &#8220;target&#8221;<\/li>\n<li>What she means by the \u201c<strong>building years<\/strong>\u201d<\/li>\n<li>How she <strong>manages<\/strong> her properties<\/li>\n<li>What it&#8217;s\u00a0like being a <strong>woman investor<\/strong><\/li>\n<li><strong>And SO much more!<\/strong><\/li>\n<\/ul>\n<h2>Links from the Show<\/h2>\n<ul>\n<li><a href=\"https:\/\/twitter.com\/jrdorkin\" target=\"_blank\" rel=\"noopener noreferrer\">Josh&#8217;s Twitter Account<\/a><\/li>\n<li><a href=\"\/renewsblog\/2014\/12\/04\/personal-finance-real-estate-investment\/\" target=\"_blank\">BP Podcast 099: 3 Personal Finance Bloggers &amp; Their First Real Estate Investment with Scott, Lauren, and Philip<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/webinar?main_track_only=true\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Webinar<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Forums<\/a><\/li>\n<\/ul>\n<h2>Books Mentioned in this Show<\/h2>\n<ul>\n<li><a href=\"http:\/\/amzn.to\/2b5vF0A\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Property Management Kit For Dummies<\/em><\/a> by\u00a0Robert S. Griswold<\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/rentalbook\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Book on Managing Rental Properties<\/em><\/a> by Brandon and Heather Turner<\/li>\n<li><a href=\"http:\/\/amzn.to\/2aRdLhv\" target=\"_blank\" rel=\"noopener\"><em>The EveryGirl&#8217;s Guide to Life<\/em><\/a> by\u00a0Maria Menounos<\/li>\n<\/ul>\n<h2>Tweetable Topics:<\/h2>\n<ul>\n<li>&#8220;All of our properties have some sort of story in them.&#8221;\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22All%20of%20our%20properties%20have%20some%20sort%20of%20story%20in%20them.%22%20BP%20Podcast%20187%20biggerpockets.com\/show187%20%40biggerpockets\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;If people want your time or if people want to live in your space, they need to respect you and your time.&#8221;\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22If%20people%20want%20your%20time%20or%20if%20people%20want%20to%20live%20in%20your%20space,%20they%20need%20to%20respect%20you%20and%20your%20time.%22%20biggerpockets.com\/show187%20\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;There are so many approaches you can take, and I think the key is to just start.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22There%20are%20so%20many%20approaches%20you%20can%20take,%20and%20I%20think%20the%20key%20is%20to%20just%20start.%22%20BP%20Podcast%20187%20biggerpockets.com\/show187%20%40biggerpockets\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<\/ul>\n<h2>Connect with\u00a0Dana<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/DanaBull\" target=\"_blank\" rel=\"noopener noreferrer\">Dana&#8217;s\u00a0BiggerPockets Profile<\/a><\/li>\n<li><a href=\"http:\/\/www.danabullrealtor.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Dana&#8217;s Company Website<\/a><\/li>\n<li><a href=\"https:\/\/www.linkedin.com\/in\/danatee\" target=\"_blank\" rel=\"noopener noreferrer\">Dana&#8217;s LinkedIn Profile<\/a><\/li>\n<\/ul>\n<h2>Show Preview<\/h2>\n<p><iframe loading=\"lazy\" title=\"Podcast 187 Preview: Owning 21 Rental Units by the Age of 35\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/BnMT1bLVCXY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this episode of the BiggerPockets Podcast, we talk about a subject many investors debate about: investing in OLD properties. Today\u2019s guest, Dana Bull, has filled her portfolio with properties [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":118674,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-79450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-podcast"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/79450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/17340"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=79450"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/79450\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/118674"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=79450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=79450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=79450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}