Podcast

Zen and the Art of Real Estate Investing with Jonathan Greene

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