412: Stay-at-Home Mom to “Accidental” Investor with a $600K/Year Business w/Terri-Leigh Huleis

Real Estate Rookie

BiggerPockets

How To, Entrepreneurship, Business, Education, Investing

4.7 • 1.8K Ratings

🗓️ 29 May 2024

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

Want to invest but fear you don’t have enough money to get started? Building a profitable real estate business could be the answer. This strategy allowed today’s guest to not only scale her portfolio but also develop skills to level up her own rental properties AND bring in $600,000/year! Welcome back to the Real Estate Rookie podcast! Today, we’re joined by the “accidental investor,” Terri-Leigh Huleis. Married with three children, Terri and her husband didn’t have enough money to buy a house…or so they thought. After moving from California to a more affordable market, Terri was able to make her dream of homeownership a reality. Little did she know that this was just the beginning of her real estate journey. It wasn’t long before Terri had turned her passion for interior design into a $600,000/year business—one that has allowed her and her husband to scale in very little time! After being diagnosed with a brain tumor in 2016, Terri lives every day as if it’s her last. This self-starter’s story is filled with all kinds of helpful nuggets you can use on your own journey—from finding creative ways to fund home renovation projects to setting up an Airbnb in four weeks or less. Stick around until the end to hear about the top amenities you’ll want to add to your short-term rental in 2024! In This Episode We Cover How Terri grew an interior design business that pulls in $600,000 per year Using credit card rewards to fund an ENTIRE home renovation project How to start a business that allows you to buy even MORE real estate Landing your first interior design clients (even if you don’t have a portfolio!) How to design an Airbnb, step by step, in just four weeks or less The hottest amenities to add to your short-term rental in 2024 And So Much More! (00:00) Intro (00:42) Buying Their First House (09:52) Starting an Interior Design Business (18:18) Making $600K/Year?! (26:43) Short-Term Rental Design 101 (35:24) Money-Making Airbnb Tips (38:12) Connect with Terri! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-412 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Real Estate Ricky show 412.
0:04.0	Now, do you want to build a business in real estate to launch your investing journey?
0:08.0	Then you've come to the right place.
0:10.0	My name's Tony J Robinson and welcome to the Real Estate Rookie Rookie Podcast where every week, three times a week,
0:15.2	we bring you the inspiration, motivation, and stories you need to hear.
0:19.1	And our rookie guest today, Terry Hewlett is a self-starter who's not afraid to roll up her sleeves and get to work.
0:24.9	Now she's built a business that has actually helped scale her real estate portfolio and
0:29.7	she's going to break it down for you Ricky listeners a to z so you feel equipped to start
0:34.0	doing the same thing after listening to this episode so Terry welcome to the
0:38.3	real estate rookie podcast super excited to have you on.
0:40.3	Thanks turning I'm excited to be here now before we dive in and kind of get to the business that helped you scale your real estate portfolio I guess I want to know what did you have to do to even get into real estate investing? So I like to tell myself the accidental investor.
0:55.0	We had to do quite a few things.
0:58.0	It was a rocky start.
0:59.0	It was not one of those like, you know, Cinderella stories.
1:01.0	Basically, we had to move out of state. We were living in California at the time.
1:05.0	Real estate was way too expensive. So we relocated to Minnesota.
1:10.0	Which is every Californian's dream dream destination right of leaving the beautiful
1:14.6	sun-kiss California to go to Minnesota.
1:17.0	Before the Minnesota's kill me it was actually wonderful really beautiful.
1:20.0	They were such nice people but negative 45 winters we escaped with all fingers and toes. Thank goodness.
1:27.0	So yeah, we moved states. That was step number one. I was so desperate to buy real state in California. We had two babies at the time. It just wasn't happening and was not finding anything in any area that we wanted to be in.
1:40.0	So I had this wild idea of let's move to a market we can afford to just buy a primary house right so we chose Minnesota
	...

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