After carving out a successful career in fashion, both in India and the US, Devatha knew she had to make a change when her first child was born. A more malleable occupation with increased time freedom were must-haves.
From that day forward, Devatha started devouring any piece of real-estate related information she could get her hands on. At the same time, she'd put her newfound knowledge to the test by executing practice runs on potential deals. Without making an actual purchase, Devatha would analyze the property, estimate rehab costs, and discern her margins in order to sharpen her skillset before putting capital to work.
"On that first deal, I could've easily lost $100,000," she said. "But instead I lost $5,000. That was the motivation." But that's where Devatha differs. When she sees a property, her mind starts running through myriad ways to increase value above beyond mundane cosmetic changes. ," she said. "I can find these nuggets where not many people are looking for them."
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