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BiggerPockets Real Estate Podcast

The Stages of Real Estate Investing (Where Do You Stand?)

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 30 July 2025

⏱️ 38 minutes

🧾️ Download transcript

Summary

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). Unlock the hidden potential in every property with Leka’s guide to maximizing your real estate portfolio, Return on Real Estate!  In This Episode We Cover The different “stages” every real estate investor goes through (and how to scale faster) The easiest, FREE way to start real estate investing (Leka did this!) Why you must (must!) buy an “easy” property for your first real estate deal  How to start scaling to multiple rentals, flips, and deals each year Raising money from your network so you can grow even faster (and make others money!) Buying back your time so you can actually enjoy your financial freedom And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1154 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Real estate investing does not need to be complicated.

0:04.3

If getting your first rental property sounds too complex or too intimidating, or you just can't

0:09.8

figure out where to start, listen to this.

0:12.6

Set realistic expectations.

0:14.5

Write down a reasonable goal.

0:16.4

Make the investment work for you.

0:18.1

Just get in the game.

0:20.0

Today, we're talking about how you can do just

0:22.4

that.

0:27.6

Hey, everyone. I'm Dave Meyer, head of real estate investing at Bigger Pockets. I've been buying

0:32.2

rental properties for 15 years, and I'm here to help you achieve financial freedom through

0:37.1

real estate investing.

0:38.6

Today, we're bringing Laca Devatha back on the show. If you haven't heard Laca's other

0:43.9

great appearances on the podcast, she's an agent and investor in Seattle. During her career, she's

0:50.8

tried almost every possible investment strategy and used every financing option out there.

0:57.0

And I wanted to bring her on today to share some of her experiences.

1:01.0

So you can hear how she started with achievable, realistic goals, and then adapted as she gained more experience and the market shifted around her.

1:10.0

Today, even as she scales, LACaca is still using the same mindset to make sure the

1:15.2

properties she buys are aligned with her investing goals.

1:18.6

This is a great conversation, so let's bring on Lika.

1:22.7

Laca, welcome back to the Bigger Pockets podcast.

1:25.3

Thanks for being here.

...

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