The Stages of Real Estate Investing (Beginner → Millionaire)

Video Description

Episode #1154 Worthy Wealth: Earn a Targeted 15% Annualized Return with Senior Living Shares: https://www.worthyseniorliving.com?utm_source=bigger_pockets&utm_medium=partner_referral&utm_campaign=senior_living&utm_content=&utm_term=&r=affiliate_bigger_pockets Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust: https://eqtytrst.co/bp-1031 Episode Show Notes: https://lnk.to/biggerpocketsYT Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Let Us Know What You Thought of the Show! https://www.BiggerPockets.com/Podcastfeedback Pre-order Leka’s New Book, “Return on Real Estate”: https://store.biggerpockets.com/products/return-on-real-estate?utm_source=youtube&utm_medium=description&utm_campaign=none Sign Up for the BiggerPockets Real Estate Newsletter: https://www.biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none Property Manager Finder: https://biggerpockets.com/findapm 7 Figures From ONE Deal With Leka Devatha: https://www.biggerpockets.com/blog/biggerpockets-podcast-390-leka-devatha?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Leka: https://www.biggerpockets.com/users/leka?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Dave: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none Within 10 years, today’s guest went from zero experience in real estate investing to millionaire through investment properties. Now, she’s reverse-engineering her path, showing you how to do it faster, even if you’re just getting started on your first deal. Almost every (successful) real estate investor goes through a few crucial “stages.” Today, we’re breaking them down so YOU know where you stand. First: Do you know how a mortgage works? If so, you’re already further ahead than Leka Devatha was a decade ago. She was not only an immigrant to the United States, but also had extremely basic financial knowledge, far from what a “real estate investor” should possess. However, even starting from zero, Leka was able to scale not only quickly but efficiently. A decade later, she’s one of the leading voices in real estate investing, with a financially freeing rental portfolio and fun projects that make her massive six-figure profits. We’ll detail the different investing stages, from complete real estate rookie to expert investor, plus show you how to get the funding for your first or next deal, how to buy back your time, and make more money while having fewer properties (it’s very possible). 0:00 Intro 1:22 1. Complete Rookie (No Experience) 3:03 Prepare for This 7:34 2. New Investor (First Deal) 11:33 Sponsor: Worthy Wealth! 12:17 3. Scaling (Multiple Deals/Year) 14:33 Raising Money to Scale (Faster!) 20:36 Buying Back Your Time 26:05 4. Intentional Investor (Make More, Buy Less!) 29:16 Best Advice for Beginners