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:
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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