Whitney Elkins-Hutten transitioned from live-in flips to long-term rentals for better cash flow. She built a 36-property portfolio that generated enough cash flow for her to quit her job. Eventually, she shifted her strategy again: from rentals to partnerships on bigger deals.
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You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Advertisement Whitney Elkins-Hutten bought her first property, a single-family home that was "a little rundown" and needed some elbow grease, in Fort Collins in 2002. "I paid my friends in beer, sushi, and pizza and rehabbed the property," the Colorado-based investor told Business Insider.
"We took it from it being 1960s, green shag carpet, psychedelic daisies painted all over the walls to a really beautiful property." This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.
Have an account? Log in . About a year later Elkins-Hutten sold the property, walked away with "a $52,000 check in my pocket," she said, and started thinking about her next dea.