1,000 units as a GP and 1,300 as an LP with Deepa Akula, Ep. 406

Deepa Akula (Ah-kuh-lah) is a full-time real estate investor and multifamily syndicator based in Seattle, WA. I am a GP on over 1000 units and an LP for about 1350 units in TX, AZ, and FL. She is a licensed Professional Civil/Structural Engineer and was a Principal Engineer leading teams of engineers and retired after serving as Head of Engineering for a utility pole manufacturer. She holds a Master’s degree in Mechanical and Aerospace Engineering from the University of Missouri-Columbia. We talked to Deepa about her investing journey, what to look for in a market, how she transitioned to being a GP from an LP, and the importance of education.   Announcement: Get Your Ticket for MFINCON and Save $200 using Promo Code: CASMON   [00:01 – 04:35] Opening Segment  Deepa talks about her background How she became a civil engineer How she got into multifamily [04:35 – 14:39] A Story of Perseverance How she switched to civil engineering from aerospace engineering How she started investing as an LP Some of the challenges she faced in her first syndication as an LP She talks about how she first found a syndication [14:39 – 25:50] What It Takes to Be a Good General Partner How she switched to investing as a GP How she used her limited partnership as a way to start investing as a GP She talks about what to look for in the markets to invest in Why you should focus on the process rather than the goals The benchmarks to look at when comparing mortgage payments to rent rates She talks about the Seattle Market. Announcement: Download Our Sample Deal and Join Our Mailing List    [25:50 – 32:41] Round of Insights Apparent Failure: Being ghosted by people in her first capital raise.   Digital Resource: Scribd   Most Recommended Book: The 4-Hour Workweek   Daily Habit: Journaling   #1 Insight for Investing Be an avid reader and learner.   Best Place to Grab a Bite in Auburn:  Thai Bistro   Contact Deepa: To learn more about Deepa go to her website or click here to book a call. You can also find her on Linkedin. Tweetable Quotes: “Be an avid reader and learner.”  -Deepa Akula Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.