Making Investing More Understandable With Whitney Elkins-Hutten
Episode description
On today's episode of Ritter On Real Estate, we chat with Whitney Elins-Hutten. Whitney is a real estate maven who, after purchasing her first rental in 2002, and hitting a home run, then nearly losing it all on her second deal, 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 $700M+ of real estate —including over 5000+ residential units (MF, MHP, SFR, and assisted living) and more than 1400+ self-storage units across 7 states—and experience flipping over $3.0M in residential real estate.
Key Points From The Episode:
- Whitney's background, becoming an accidental investor back in 2002.
- Realizing that she needed to hold on to properties to build wealth.
- The knowledge gaps investors have.
- The three different types of investors.
- Making real estate investing more understandable to new investors.
- The main concerns investors worry about.
- Setting expectations as a new investor.
- Teaching kids the principles of money at an early age.
- Investing for the long term.
Books Mentioned:
- The Cashflow Quadrant by Robert Kiyosaki
The One Thing by Gary Keller