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104: How to Build a Real Estate Portfolio From Scratch with Leka Devatha

104: How to Build a Real Estate Portfolio From Scratch with Leka Devatha

FromZen and the Art of Real Estate Investing


104: How to Build a Real Estate Portfolio From Scratch with Leka Devatha

FromZen and the Art of Real Estate Investing

ratings:
Length:
50 minutes
Released:
Jan 18, 2024
Format:
Podcast episode

Description

While most new investors maintain their full-time jobs, sometimes, you have to take the more radical step of leaving the corporate world behind. On this episode of Zen and the Art of Real Estate Investing, Jonathan’s guest is Leka Devatha, a Seattle-based real estate developer and broker. Leka’s company, Rehabit Homes, focuses on residential redevelopment. Over the past decade, she’s spearheaded hundreds of transactions, developing more than $50 million in real estate. Jonathan recently met Leka in Orlando, where she co-hosted the Bigger Pockets Conference, and they participated in a panel together. You’ll hear Leka’s recent experience with squatters in a million-dollar property and how she evicted them, why she left her corporate job to kick off her investing career, and when she realized she would never return to the corporate world. Leka also explains the difficulties of becoming a house flipper, why Seattle is still a profitable investing market, and how ADUs are impacting it. Finally, she outlines the importance of hiring a trustworthy crew, where new investors should focus their energies, and the community and relationships created by participating in meetup groups. Jonathan and Leka’s conversation is lively and fun, and it's one you won’t want to miss if you’re excited about flipping properties. In this episode, you will hear: Leka Devatha’s recent experience with squatters in her million-dollar property and the negative feedback she received on social media Her first exposure to real estate and what drew her to the idea of real estate investing Why Leka had to leave her corporate job to begin her real estate career Her realization that she’d never have to return to the corporate world Leka’s biggest piece of advice for people who want to be coached or mentored in this business The hardest part of being a house flipper What makes Seattle a challenging yet profitable market Why Leka stopped doing flips for a while, and where she placed her focus The differences between flipping and multifamily properties How ADUs are impacting the Seattle market and the versatility they offer Her multifamily syndication deals and why they aren't her favorite properties The importance of hiring a crew you can trust Where new investors should focus their energy right now The two meetups Leka hosts, who they’re for, and the community they offer the attendees Follow and Review: We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at http://www.trustgreene.com/podcast/zen/104 to download it. Supporting Resources: Rehabit Homes - www.rehabithomes.com Leka Devatha’s YouTube channel - www.youtube.com/channel/UCjG_F2OZQLRvyk7sP7zya2Q Find Leka on Instagram - www.instagram.com/leka_devatha Connect with Leka on LinkedIn - www.linkedin.com/in/leka-devatha-5616bb185 Leka’s event space - atmosphereseattle.com Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - https://www.zillow.com/profile/StreamlinedReal Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - info@streamlined.properties   Episode Credits: If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcity
Released:
Jan 18, 2024
Format:
Podcast episode

Titles in the series (100)

What if you could learn from experienced real estate investors, find out what got them to where they are now, get insight into their daily habits, and take these insights to inspire your own growth? That’s what each episode of Zen and the Art of Real Estate Investing brings. Hosted by Jonathan Greene, a real estate investor for more than 30 years, as well as advisor and coach, the founder of Streamlined Properties and the Team Leader of Streamlined Properties On-Market, brokered by eXp Realty, every episode is an in-depth look at the mindful approach to real estate investing. If you are looking to start from scratch, get to the next level, or just for a straightforward and honest approach to real estate investing, Zen and the Art of Real Estate Investing is the free mentorship program you can take with you anywhere.