TGCI 214: Immigrated 14 years ago and setting up a successful flipping business in Seattle, WA!

In today’s show, Pancham interviews Leka Devatha - real estate developer, broker, and president of Rehabit Homes, Inc.

Leka knew she wanted to be her own boss, and she immediately recognized that real estate investing is the best way to get started! Today, she has hundreds of transactions, has developed about $100 million in real estate, and is giving back to the community by teaching that there are other ways to create wealth.

She is ready to help you break out of Wall Street investments as she reveals her 8 years of investing experience, the investor mindset, and more! She’ll also talk about the struggles with her 1st house flip, diversifying her rental portfolio, and building her networks and community.

Listen and enjoy the show!

 

Quote:

“I am so ready to demolish some orthodox ways of thinking and really help people understand that there's multiple ways to create wealth.”

Timestamped Shownotes:

• 0:39 - Pancham introduces Leka to the show
• 2:15 - On starting her entrepreneurial path through house-flipping
• 6:53 - Building networks and learning about investing one step at a time
• 8:50 - Why getting started with house flipping is her best decision ever (even if she was at a net loss!)
• 13:27 - Scaling up her house-flipping business and her investments
• 15:07 - On focusing on buying, stabilizing, and holding properties
• 17:00 - The importance of establishing mutually beneficial connections
• 23:20 - Creating passive income as her most uncomfortable goal
• 24:13 - The morning routine that helped her be more productive
• 27:10 - Taking the Leap Round
• 27:10 - Her craft baking business as her first investment
• 27:56 - On having no fears when she first started her business
• 28:26 - How she got her biggest loss in real estate house flipping
• 29:58 - Why you should take massive actions and get practical experience
• 31:34 - How you can connect with Leka

3 Key Points:

1. Building your network is essential for success as a real estate investor since it would help you gain investing opportunities and provide value.
2. It is normal to fail and lose money in your first few deals because it will be a learning experience and you will be able to assess and analyze deals better.
3. Find mutually beneficial partnerships where people are actively investing and provide value-add to their deals. 

Get in Touch:

• Rehabit Homes Website - https://www.rehabithomes.com/
• Leka Devatha Instagram - https://www.instagram.com/leka_devatha/