1,000 units as a GP and 1,300 as an LP with Deepa Akula, Ep. 406

Deepa Akula (Ah-kuh-lah) is a full-time real estate investor and multifamily syndicator based in Seattle, WA. I am a GP on over 1000 units and an LP for about 1350 units in TX, AZ, and FL. She is a licensed Professional Civil/Structural Engineer and was a Principal Engineer leading teams of engineers and retired after serving as Head of Engineering for a utility pole manufacturer. She holds a Master’s degree in Mechanical and Aerospace Engineering from the University of Missouri-Columbia. We talked to Deepa about her investing journey, what to look for in a market, how she transitioned to being a GP from an LP, and the importance of education.

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[00:01 – 04:35] Opening Segment 

• Deepa talks about her background
• How she became a civil engineer
• How she got into multifamily

[04:35 – 14:39] A Story of Perseverance

• How she switched to civil engineering from aerospace engineering
• How she started investing as an LP
• Some of the challenges she faced in her first syndication as an LP
• She talks about how she first found a syndication

[14:39 – 25:50] What It Takes to Be a Good General Partner

• How she switched to investing as a GP
• How she used her limited partnership as a way to start investing as a GP
• She talks about what to look for in the markets to invest in
• Why you should focus on the process rather than the goals
• The benchmarks to look at when comparing mortgage payments to rent rates
• She talks about the Seattle Market.

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 [25:50 – 32:41] Round of Insights

Apparent Failure:

Being ghosted by people in her first capital raise.

Digital Resource:

Scribd

Most Recommended Book:

The 4-Hour Workweek

Daily Habit:

Journaling

#1 Insight for Investing

Be an avid reader and learner.

Best Place to Grab a Bite in Auburn: 

Thai Bistro

Contact Deepa:

To learn more about Deepa go to her website or click here to book a call. You can also find her on Linkedin.

Tweetable Quotes:

“Be an avid reader and learner.”  -Deepa Akula

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