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March 20, 2022

TLP08: Creating Wealth Through Passive Income with Whitney Hutten

TLP08: Creating Wealth Through Passive Income with Whitney Hutten

Our guest, Whitney Elkins-Hutten, is the Director of Investor Education in passiveinvesting.com. She is passionate about helping busy professionals transform their lives with passive real estate investing. 

In this episode, Whitney will talk about the freedom she gained after discovering the power of passive income. If your goal is to have a flexible lifestyle and the freedom to spend time with people and activities that matter most to you, then this episode is for you! Listen now!

Key Points from This Episode:

  • Whitney started in real estate accidentally in 2002 when she purchased a house and became a landlord.
  • She discovered how to build passive income and started transitioning the equity into long-term buy-and-hold rentals.
  • Being an active or passive investor depends on your goals in life.
  • Whitney is the Director of Investor Education in passiveinvesting.com.
  • She educates investors on the power of passive real estate so they can build their portfolios.
  • How does Whitney find the good operators to work with as a passive investor?
  • There are pros and cons in investing in one apartment building or a fund that purchased many apartment buildings. 
  • If an operator has been in the business for five years and has never had a roadblock, that’s a red flag. 

Tweetables:

 “It all depends on like, what your goals are in life. And like, what do you want? And like, why do you believe that real estate is a good investment vehicle? You and I both believe that right? You can pay five different ways in real estate, you don’t do that in the stock market.” [00:05:00]

 “What better way for me to learn the business by being a passive investor because I get to be in the deal, see the whole operations.” [00:11:33]

 “So you know, once we check the box that you want to be passive, then you have to understand what are you in it for? Are you in it for cash flow or appreciation? Or some balance of both? Right? Because that determines what type of investment strategy are you going to go into and what kind of risk you’re taking in the investment.” [00:11:55]

 Links Mentioned in Today’s Episode:

Whitney Hutten in LinkedIn

Passive Investing website

 About Whitney Hutten

PassiveInvesting.com is a national multifamily investment firm with over $663,000,000 of assets under management. We build passive income and equity for our investors through low-risk real estate investments in the hottest real estate markets in the United States. PassiveInvesting.com acquires property in major metropolitan statistical areas (MSA’s) which demonstrate consistent rent growth, low vacancy, and a growing Real GDP. We then reposition properties through operational efficiencies, moderate-to-extensive renovations, and complete rebranding.