Written by: Tedfuel
Real estate is definitely one of those careers that makes it possible to fast-track earnings and make lots of money, even in the beginning stages. However, it’s not always a walk in the park. You have to put in the work and it can be tricky and challenging at times to grow your real estate earnings. Also, lots of investors in the real estate industry get discouraged and disheartened easily when their time and efforts do not produce early on. For Tereva, however, real estate helped her pay off $150k debt in under two Years.
Tereva (@terevainvests on Instagram) is known as a leader in the real estate investing industry, especially when it comes to out of state investing. She is a mom with a dance background and owns an award winning all girl Tahitian dance school. She originally hails from Tahiti and moved to Maui, Hawaii at 18 years old on her own. She later on discovers real estate investing in 2017, and decided to go “all in” three years after in order to find financial and time freedom, and spend more time with her daughter and Husband.
Real Estate Investing Successes She’s Proud Of
Tereva has proven that real estate investing can change lives and help people become debt free if done right. She has been successfully investing after she went all in 2020 and continues to buy deals at a discount: she currently flips properties (mainly through partnerships), or keeps them to continue building her rental portfolio (that comprises of long term, mid-term, and short-term rentals). However, we all know that real estate is not for the faint of heart. A lot of new investors tend to quit within their first 2 years in the industry due to a variety of reasons. In fact, the road to success hasn’t always been easy for Tereva. There were bumps and pitfalls along the way but she believed in herself and kept going, continuing to partner up on deals with other investors of all levels.
In her real estate experience, she’s proud to have been able to successfully earn six figures by flipping houses and got the chance to build a massive portfolio out of state (Indianapolis) which enabled her to pay off $150k of debt off, in a short amount of time. And aside from growing her wealth and being able to pay off her debts through real estate investing, she is now able to spend more time with her family, and also focus on her dance school (her passion, life project).
What She’s Working On
Tereva is definitely an inspiration especially for those people who want to become debt free. She loves partnering on projects where everyone makes money and grows as an investor. Tereva is currently working on creating a scholarship fund for Maui scholars, as well as her multiple projects ongoing all at once. She also aims to offer a double digit return to her capital partners (or private lenders) while actively buying homes and small multi-family properties.
Tips And Advice From A Leader In Long Distance Real Estate Investing
When asked about the principles and values she has learned so far on her journey to success, Tereva shared that mindset is everything. Everything is indeed possible, including building a business from nothing. Thinking positively about yourself and your abilities could also go a long way since we are all capable of figuring out anything and everything if we put our hearts and mind into it. Tereva is a “Go Giver”, with an abundance mindset, prioritizing relationships, people, and ethics, over profits.
For those who want to follow her footsteps, Tereva shared that they should focus on building wealth to pay off debt and enjoy financial freedom. This will pave the way to building a legacy for the next generations. Furthermore, everyone should explore the option of investing out of state (or long distance), because it provides endless possibilities!
