How She Built a Rental Portfolio in a Hot Market with Leka Devatha, Ep. 314

Leka is a real estate developer and broker based in Seattle, Washington. She moved to the US from  India fourteen years ago. In 2014, she left her corporate strategy role at Nordstrom to found Rehabit Homes, a company focused on residential redevelopment. She has since spearheaded hundreds of transactions, developing over $50M in real estate.  Leka has been featured on numerous podcasts and other media including Business Insider and BiggerPockets. She was also a chapter contributor in the newly published book ‘The Only Women in The Room’.

Let’s dig in to learn more about her inspiring story.

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[00:01 – 06:15] Opening Segment 

• Leka shares more about her background and her career journey.
• How she decided to switch to real estate and her first deal
• Taking the lessons from her first deal and learning from them

[06:15 – 16:48] Newbie to Expert

• Her being not exposed to real estate until she did through coaching and mentoring 
• Why mentoring is a better option than coaching
• What a coaching program can do for you
• How communication is key in real estate
• The importance of learning from scratch
• How challenges can be turned into opportunities.
• Why always learning different things is important.

[16:48 – 30:24] For the Joy and the Delight of It

• Why it’s important to love what you do.
• Some of the markets on her radar.
• What to look for while investing.
• Why Seattle was not affected heavily by COVID.
• The difference between cashflow and appreciation
• What it’s like to be the only woman in the room as a woman investor.

[30:24 – 34:48] Bull’s Eye Round

Apparent Failure:I lost so much money on my deal thirty seven. And you think by then you really nailed it but it could happen to anyone.

Digital Resource:LinkedIn

Most Recommended Book: The Only Woman in the Room

Daily Habit: Working out

Curious About:Investing in large multifamily

Wish I Knew When I Was Starting Out:That life is going to turn out to be ok.

Best Place to Grab a Bite in Seattle:Castle Rock, Portage Bay, Naan -N- Curry

Contact Leka:Rehabit Homes

Tweetable Quotes:

“Life is going to be ok as long you keep grinding and working hard.” – Leka Devatha.

“There are so many limiting beliefs that you can suck on to but it’s about how you can crush those” – Leka Devatha.

You can connect with Leka on LinkedIn and Instagram 

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