Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

390: 7 Figures from ONE Deal with Leka Devatha

390: 7 Figures from ONE Deal with Leka Devatha

FromBiggerPockets Real Estate Podcast


390: 7 Figures from ONE Deal with Leka Devatha

FromBiggerPockets Real Estate Podcast

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)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.