59 min listen
390: 7 Figures from ONE Deal with Leka Devatha
390: 7 Figures from ONE Deal with Leka Devatha
ratings:
Length:
92 minutes
Released:
Jul 9, 2020
Format:
Podcast episode
Description
From fashion design work in India, to a corporate career with Nordstrom... to leaving that career to flip 40+ houses in 6 years – all in one of the hottest markets on the planet!Seattle investor Leka Devatha has quite a story to tell, and a lot of hard-won wisdom too! From her 6 tips for finding and keeping great contractors, to the exact criteria she uses when looking for a flip opportunity, Leka spills the beans and outlines a framework you can apply whether you choose to flip, BRRRR, wholesale, or buy and hold.We cover a crucial tax tip for anyone hiring a contractor, ever. Leka shares an unexpected silver lining brought on by the pandemic. And your mind will be blown when she tells how a "cosmetic" flip opportunity morphed into 3-year odyssey and wound up rewarding her with a 7-figure (yes, 7-figure) payday.Give Leka (pronounced "LAY-kuh") a follow on Instagram and let her know if you appreciate this episode... and make sure you subscribe to the show in your favorite podcast app, so you won't miss the next one.In This Episode We Cover:Flipping 40 homes in 6 yearsA "cosmetic flip" that turned into a 7-figure (!) profit through the magic of subdivisionWhy you should get to know the land use planner in your cityLeka's system for finding and retaining great contractorsHow to start a real estate meetupWhy virtual networking amid COVID-19 is more efficientWhy she pays her broker a commission even if she keeps a house as a rentalLeka's criteria for a great flip opportunityWhat W-9s are and why it's so important to get them signed up frontAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets PodcastJason DreesReal Estate at Work (Seattle Meetup)RedfinZillowRealtor.comCaleb Backholm's InsuranceBiggerPockets Podcast 388: The 7-Step “Playbook” for Scaling Your Real Estate Business With AJ OsborneCheck the full show notes here: https://www.biggerpockets.com/show390See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jul 9, 2020
Format:
Podcast episode
Titles in the series (100)
#3: Getting Started in Real Estate and Raising Money with Brian Burke: In today's show we talk with Brian Burke, a house flipper and real estate investor from Northern California with a fantastic story and fascinating business model. Two days ago, Brian wrote a wildly popular article on the BiggerPockets Blog titled,... by BiggerPockets Real Estate Podcast