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Money Rehab with Nicole Lapin

How To Master Real Estate Investing with Whitney Elkins-Hutten

Money Rehab with Nicole Lapin

Money News Network

Business, Education, Self-improvement

4.61.7K Ratings

🗓️ 28 May 2024

⏱️ 28 minutes

🧾️ Download transcript

Summary

There’s a financial fairy tale you’ve probably been told: you find a fixer-upper, flip it, make six or seven figures, and live happily ever after. Real estate expert Whitney Elkins-Hutten is here to tell you… it doesn’t always happen like that. Today, she shares strategies to turn this financial fairytale into a reality. To read Whitney's new book, Money for Tomorrow: How to Build and Protect Generational Wealth, click here: https://store.biggerpockets.com/products/money-for-tomorrow

Transcript

Click on a timestamp to play from that location

0:00.0

When I'm not hosting this podcast, I am writing books, but it is really hard for me to write when I'm at home,

0:05.3

so I like to find remote cabins in the middle of nowhere to just hang out and write.

0:10.0

But I hate the idea of my house just sitting empty doing nothing but collecting dust and definitely not collecting checks.

0:16.6

And that's why I'm an Airbnb host. It's one of my all-time favorite side hustles.

0:21.0

Other popular side hustles are awesome too, don't get me wrong, but they often involve big startup costs. By hosting your space, you're monetizing what you already have access to. It doesn't get easier than that. And if you're new to the side hustle game and you're anxious about getting started,

0:34.3

don't worry because you're not in this alone. Airbnb makes it super easy to host. I mean if I could do it, you could do it.

0:40.6

And your home might be worth a lot more than you think.

0:42.8

Find out how much at Airbnb.com.

0:44.8

host.

0:47.0

I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.

0:53.0

It's time for some money rehab.

0:55.0

There is this financial fairy tale you've probably heard you find a fixture

1:04.8

rapper you kiss a frog so to speak you flip the house make six or seven figures and

1:09.3

happily ever after Whitney Elkins Hutten is here to tell you it doesn't always

1:14.1

happen like that and she knows this personally. She lived the ugly step sister

1:17.8

version of this until she learned how to do it for real. Now Whitney is a

1:21.6

successful real estate investor. She's partnered in over

1:24.4

800 million dollars of real estate deals. She's experienced in flipping residential

1:29.4

real estate and today she shares what she learned to turn this financial fairy tale into a reality.

1:36.1

I want to go back and talk about your early real estate investing days.

1:40.3

I know you hit a home run with your first rental property which is really rare we should

1:46.4

like underscore that for people who are just getting in the game can you tell us

...

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