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Search resuls for: "Whitney Elkins"


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☆ A real-estate investor who achieved financial independence buying rentals shares the early mistake she made — and 2 criteria for picking an investment property
  + stars: | 2024-08-12 | by ( Kathleen Elkins | ) www.businessinsider.com   time to read: +4 min
The second one — not as good," the seasoned real estate investor told Business Insider. Her second deal was a mountain cabin in a retirement community that she assumed would "appreciate like mad," she said. As of 2024, she said, she is a partner in $800 million of real estate, including over 6,500 residential units and 2,200 self-storage units across 11 states. Related storiesAdditionally, with a single-level property, you avoid potential structural headaches. "If it's going to be an investment property, I need to think about who's buying it next from me.
Persons: —, Whitney Elkins, Hutten, Elkins, She's, that's Organizations: Service, Business Locations: Fort Collins, Hutten
☆ Real estate investors are using a 2-part strategy to build equity and avoid capital gains tax
  + stars: | 2024-08-11 | by ( Kathleen Elkins | ) www.businessinsider.com   time to read: +5 min
"There are so many ways to get started in real estate," said Elkins-Hutten, who is a financial educator and the author of "Money for Tomorrow." AdvertisementHere's how the Jensens and Elkins-Hutten have built equity and sidestepped capital gains taxes in two steps. Elkins-Hutten used real estate investing as a vehicle to achieve financial freedom and gain back time. Advertisement"Because we lived in it and owned it for two of the past five years, we paid no taxes on the capital gains," explained Mindy. While their gains were around $100,000, they could have excluded up to $500,000 since they were both on the title.
Persons: —, Whitney Ekins, Hutten, Elkins, rehabbing, Carl Jensen, Mindy, they've, There's, Carl, Whitney Elkins Organizations: Service, Business, YouTube Locations: Elkins
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