1,000 units as a GP and 1,300 as an LP with Deepa Akula
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.
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[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.
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[25:50 – 32:41] Round of Insights
Being ghosted by people in her first capital raise.
Most Recommended Book:
#1 Insight for Investing
Be an avid reader and learner.
Best Place to Grab a Bite in Auburn:
“Be an avid reader and learner.” -Deepa Akula
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