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EP 142: Solving Social Issues Through Real Estate Investing with Leka Devatha and Rachel Street

Investing in real estate should not only focus on profit, but purpose as well. On today’s episode, we talk with Rachel Street and Leka Devatha, investors, businesswomen, and contributing authors of The Only Woman in the Room, where we talk how to solve social issues through real estate.

Leka and Rachel have each successfully grown their real estate businesses and learned along the way that with great opportunity also comes great responsibility. We discuss both small and large way investors can incorporate social good into their practices, how to align yourself with others who run ethical businesses, and the value in giving. We also talk about working with wholesalers and how to become the trusted person wholesalers call first with a good deal.

Leka Devatha moved to the US from India 13 years ago leaving a successful career in fashion merchandising. After working for Nordstrom Corporate for a few years, she realized that what she was really after was creating a legacy. She quit her corporate job in 2014 and started Rehabit Homes, a company investing in Real Estate. After a string of successful flips, she obtained her broker's license in 2017 and became one of the top producing real estate agents in her office. 

She has now flipped over 40 homes, and has expanded her focus to include land development, acquiring long term rentals and building and running adult family homes.

Rachel Street is the Team Leader of the real estate team The Street Group at Space & Company and President of Hestia Construction, LLC, a woman-owned construction company offering full construction services and design-driven custom homes in her native Philadelphia. She is also the Host of Philly Revival, an HGTV and DIY Network TV show that follows her as she finds architecturally interesting properties that are run-down or abandoned, and transforms them into exciting modern spaces that also honor the history and unique original features of the home.  

Rachel and her company have been widely recognized for their social entrepreneurship and community service, which includes a program to provide free renovations and home repair for those in need, teaching English as a Second Language, and other social initiatives. Rachel has won numerous awards, including Philadelphia Magazine's "Best of Philly 2019- Best Contractor", The Philadelphia Inquirer's "Influencers of Real Estate 2019- Rising Star Award", as well as awards for her community service and real estate sales volume.  

On today’s episode, we discuss a ton with Leka and Rachel, including:

  • Way to incorporate social good in real estate projects
  • Lessons learned from losing money on large deals
  • The value of being a problem solver in real estate
  • Tips for vetting and working with wholesalers to grow your business.

Books/Resources

The Only Woman in the Room Compiled by Ashley Wilson 

Contact Information

Rachel Street

Facebook – Rachel Street

Instagram – Hestia Philly

Hestia Construction, LLC:  www.hestiaphilly.com

The Street Group:  www.streetgroupphilly.com

 

Leka Devatha

LinkedIn – Leka Devatha

Instagram - Leka Devatha

 

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The Real Estate InvestHER® is more than a community - it is a movement. Our mission is to empower women in real estate to live a financially free and balanced life. We are dedicated to creating empowering online and in-person communities where women have a non-intimidating environment to receive the support, knowledge, and accountability to live life on their own terms. 

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This one-of-a-kind membership offers women investors a supportive community and a step-by-step roadmap to create a steady recurring income to live life on their own terms. Members receive custom content that specifically helps them wherever they are on the path to financial freedom, on-demand and live events that fits into their busy schedules, and mentorship and accountability to propel them to take their business to the next level while taking care of themselves in the process. Join here.

2. The Real Estate InvestHER Podcast
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3. InvestHER Community on Facebook
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5. Amazon Bestseller: The Only Woman in the Room by Ashley Wilson
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“Throughout my career there were multiple occasions where I have stood as the only woman in the room.  This powerful book is a must read and I only wish it had been available early on in my career!”
-Barbara Corcoran (Founder of The Corcoran Group)
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