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Return on Real Estate
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23 September 2025

Feeling stuck in your real estate investing journey? This is your creative breakthrough guide to escaping investment paralysis and unlocking hidden profit in any market.
"[A] behind-the-scenes look at what it really takes to build a portfolio when money is tight and markets are tough... [Leka] walks you through the messy pivots, creative exits, and lessons earned the hard way."
—Ashley Kehr, cohost of the Real Estate Rookie podcast
Return on Real Estate delivers the unconventional strategies and tactical solutions you need to unlock your next level of success. Author Leka Devatha, who has completed over 100 full-gut renovations and built a sizable portfolio across varying market landscapes, shares hard-won insights that go far beyond basic buy-and-hold approaches.
This isn't just another real estate book filled with theory. Leka provides a tactical toolkit born from a decade of hands-on experience, covering everything from ADUs and subdivisions to assisted living conversions and creative exit strategies. Whether you're a DIY enthusiast ready to roll up your sleeves, a strategic pivoter seeking cutting-edge opportunities, or a long-term wealth builder focused on legacy creation, this book delivers actionable solutions for every investment style.
In this book, you'll learn how to:
- Calculate and improve ROI using multiple proven methods beyond basic formulas
- Transform underperforming properties through value-add strategies like renovation, ADUs, and subdivisions
- Navigate high-profit strategies like short-term rentals, rent-by-room, and assisted living facilities
- Overcome limited capital with creative financing and partnership structures
- Master strategic exit timing through flips, refinancing, and 1031 exchanges
- Thrive in any market conditions by adapting and capitalizing regardless of inventory or interest rates
In a challenging market, your financial freedom depends on taking creative action. Stop spinning your wheels and start building the profitable, scalable real estate portfolio you've always envisioned!
Introduction
Part 1: Understanding Your Return
Chapter 1: The ROI Riddle—How to Calculate It and How to Improve It
Chapter 2: Evaluating Performance
Part 2: Change Your Operating Model
Chapter 3: The Length-of-Stay Showdown
Chapter 4: Rent-by-Room and Student Housing
Chapter 5: Caring for the Future—The Lucrative World of Assisted Living
Part 3: Value Boosters
Chapter 6: Sweat Equity Secrets to Making Big Bucks!
Chapter 7: Refi Revival—Breathe New Life Into Your Investments
Chapter 8: The ADU Advantage—Boosting Your Bottom Line
Chapter 9: Subdivision Success—Carving Out New Opportunities
Part 4: The Ultimate Exit—Selling Your Property
Chapter 10: Flip Frenzy—Mastering the Art of Fix-and-Flip
Chapter 11: Exit Strategies—Selling Your Property with Ease
Chapter 12: Swap and Grow Rich—Mastering the 1031 Exchange
Conclusion: Choose Your Hard
Acknowledgments
About the Author
Reference List