390: 7 Figures from ONE Deal with Leka Devatha

<p>From fashion design work in India, to a <strong>corporate career</strong> with Nordstrom... to <em>leaving</em> that career to <strong>flip 40+ houses in 6 years</strong> – all in one of the hottest markets on the planet!</p><p>Seattle investor <strong>Leka Devatha</strong> has quite a story to tell, and a lot of hard-won wisdom too! From her <strong>6 tips for finding and keeping great contractors</strong>, to the <strong>exact criteria</strong> she uses when looking for a flip opportunity, Leka spills the beans and outlines a framework you can apply whether you choose to flip, <strong>BRRRR</strong>, wholesale, or <strong>buy and hold</strong>.</p><p>We cover a <strong>crucial tax tip</strong> for anyone hiring a contractor, ever. Leka shares an unexpected <strong>silver lining</strong> brought on by the pandemic. And your mind will be blown when she tells how a <strong>"cosmetic" flip</strong> opportunity morphed into 3-year odyssey and wound up rewarding her with a <strong>7-figure (yes, 7-figure) payday</strong>.</p><p>Give Leka (pronounced "LAY-kuh") a follow on <strong>Instagram</strong> and let her know if you appreciate this episode... and make sure you <strong>subscribe to the show </strong>in your favorite podcast app, so you won't miss the next one.</p><p>In This Episode We Cover:</p><ul><li><strong>Flipping 40 homes</strong> in 6 years</li><li>A "cosmetic flip" that turned into a <strong>7-figure (!) profit</strong> through the magic of subdivision</li><li>Why you should get to know the <strong>land use planner</strong> in your city</li><li>Leka's system for finding and retaining <strong>great contractors</strong></li><li>How to start a real estate <strong>meetup</strong></li><li>Why <strong>virtual networking</strong> amid COVID-19 is more efficient</li><li>Why she <strong>pays her broker a commission</strong> even if she keeps a house as a rental</li><li>Leka's <strong>criteria</strong> for a great flip opportunity</li><li>What <strong>W-9s</strong> are and why it's so important to get