Life and Money Show

How To Create Passive Income Streams to Build Wealth, with Whitney Elkins-Hutten

Episode Summary

Whitney Elkins-Hutton is the Director of Investor Relations and Operations of Goodegg Investments. We learned a lot of value in her stories about what she is doing in her own business, in her coaching career, real estate investing as well as finances. Her approach to investing can resonate to a lot of our listeners because it focuses on how to save money to create passive income streams. She also discussed how to have multiple income streams through syndication, single family investing, note investing, and how to prepare yourself for future market changes. Whitney’s advice for all the people that are starting out is to VALUE YOUR TIME. Real Estate is a time-leverage business, anybody can get into this however not everybody has the business stand to understand how to value their time. Use that time wisely to create a vision around how they want their portfolio and scale it!

Episode Notes

WHAT TO LISTEN FOR

What is market appreciation?
How she got from 1 to 30 single family homes in 3-5 years
Where to get capital to continue to expand your portfolio
How to use self directed IRA to buy the properties?
Why do you need a property manager for your properties?
How to incorporate your children into your business and the strategies around it?
What is BRRR strategy?

GUEST BIO

Whitney is a real estate investor and personal finance trainer whose vision is to help thousands of families on their path towards financial independence. After purchasing her first rental in 2002, and hitting a home run, then nearly losing it all on her second deal, Whitney took control and figured out how to invest in real estate the right way. She realized that success must leave clues. So, she studied and replicated the very personal finance and wealth creation strategies the wealthy use to create financial freedom. Today, Whitney is a partner in $378M+ of real estate assets, including 3,000+ residential units (MF, MHP, SFR, and assisted living) and 1,430+ self-storage. In 2018, Whitney founded Ash Wealth, where she helps you develop the mindsets, skills, and strategies you need in order to take consistent and persistent action and drive massive progress towards your real estate and financial goals.

RESOURCES/LINKS FROM THE EPISODE

Whitney Hutten’s Website: https://ashwealth.com/bio/
Email address: whitney@goodegginvestments.com or ashwealthco@gmail.com

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Thanks for listening, and until next time, keep investing for good!