223: Turning Your Income Into Lasting Wealth Through Real Estate with Whitney Elkins-Hutten

Diversifying your real estate portfolio can be the ticket to lasting wealth and legacy.

On this episode of Zen and the Art of Real Estate Investing, Jonathan welcomes Whitney Elkins-Hutten, a former healthcare professional turned real estate investor. An investor since 2002, Whitney is a passive income strategist dedicated to helping busy professionals achieve financial freedom and build lasting wealth. She is the founder of Ash Wealth and part of the PassiveInvesting.com team.

Jonathan and Whitney begin their conversation by discussing the importance of diversity in investing and some lessons she learned early in her investing career. Whitney shares her challenges with interest rates even before the 2008 financial crisis, what led her into real estate, and her love-hate relationship with real estate social media. She explains why having reserves for problems that arise in your investing career is important, doing your due diligence before purchasing a property, and what prompted Whitney to move into syndications and scale her business. Finally, she and Jonathan cover the assets she would advise someone to purchase today, the downsides of 1031 exchanges, and the three things you need to be successful in real estate.

Whitney Elkins-Hutten has built a portfolio that creates a legacy and teaches others how to do the same.

In this episode, you will hear:

• The importance of diversity in investing, according to Whitney Elkins-Hutten
• Whitney’s challenges with interest rates and what that taught her about diversity
• Her entry into real estate in 2002 and what led her into it
• The disaster that happened 24 hours after closing on one of her properties
• Whitney’s love-hate relationship with social media related to real estate
• Setting aside reserves for the problems that can arise in real estate investing
• Doing your due diligence before buying a property, and what photos don’t tell you
• Scaling up the business, moving from flipping into rentals, and what prompted Whitney to move into syndications
• Building a debt layer into her portfolio as another form of diversity
• The assets Whitney would advise someone to purchase today if they want to diversify their portfolios
• Understanding how to compound your money over time
• The downsides of doing 1031 exchanges, the importance of a solid financial foundation, and the three things you need to be successful in real estate

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If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://zenandtheartofrealestateinvesting.com/podcast/223/ to download it.

Supporting Resources:

PassiveInvesting.com - www.passiveinvesting.com

Whitney Elkins-Hutten on LinkedIn - www.linkedin.com/in/whitneyelkinshutten

Ash Wealth - ashwealth.com

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - [email protected]

Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.