July 30, 2024 • 45 mins
Unlock the secrets to constructing a durable financial future with the guidance of real estate virtuoso Whitney Elkins-Hutton. Through her extensive expertise from AshWealth.com and PassiveInvesting.com, Whitney lays out the roadmap for creating lasting wealth, offering insights gleaned from her book, "Money for Tomorrow." This episode promises to shift your perspective, placing 'people before profits' at the core of our financial wisdom. You'll learn why a solid foundation is key before you venture into expanding your investment portfolio, and how this strategy safeguards your fiscal aspirations.
Imagine the costly errors you could sidestep with the sage advice of a seasoned mentor; that's precisely the sort of wisdom we're sharing, straight from the trenches of property investment. We'll take you through haunting tales of termite damages and expensive oversights, underscoring the value of mentorship in dodging such financial mishaps. Additionally, we tackle the challenges and advantages of the ongoing wealth transfer from baby boomers to millennials, arming you with the knowledge to manage potential inheritances and transforming them into generational legacies.
As we wrap up, we reflect on the diverse investment strategies that resonate with various life stages. From the comfort of mountain winters to the personal tunes that shape us, we interweave tales of our own experiences with the ever-evolving needs of financial planning. Whether it's discussing the shift from active to passive investment approaches or savoring the delights of personal interests, this conversation is a heartfelt reminder that resourcefulness and the right mentorship can unlock doors to a flourishing real estate investment journey. Join us, and let Whitney Elkins-Hutton's expertise inspire your path to financial growth and stability.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Dwan Bent-Twyford (00:02):
Hey everybody , welcome to The Most Dwanderful
Real Estate Podcast Ever.
I'm your host, DwanBent-Twyford and I'm America's
most sought-after real estateinvestor and we are super
excited that you are here withus today.
As you can see, I have anamazing guest, Ms Whitney.
We're going to find out whatshe's all about and what she's
(00:22):
got to share with us today.
So, if you're new here, I tookDwan my first name, Dwan and
Wonderful and I made a new word.
That's how we becameDwan-der-ful.
So you can follow my website,dwanderful.
com, facebook, instagram, tiktok, all the places and watch
videos, watch the podcast, likesubscribe, leave some comments,
(00:46):
but, opting in at dwanderful.
com, I'll send you some freeebooks.
So teach you kind of, give yousome guidance on your journey to
real estate investing.
Our motto at Dwanderful ispeople before profits.
So if that is something thatresonates with you, then you're
at the right place and we'reyour girls today.
So, Whitney, how are you?
Whitney Elkins - Hutton (01:06):
today I'm doing fantastic, Dwan.
Thanks so much for asking.
Dwan Bent-Twyford (01:10):
Yeah, it's good to meet you.
I love your hair.
Whitney Elkins - Hutton (01:14):
Thank you yeah.
Dwan Bent-Twyford (01:16):
I had the brown silky hair.
Whitney Elkins - Hutton (01:20):
Well, don't let the hair dye fool you.
I've got like the mousy grayunderneath.
Dwan Bent-Twyford (01:26):
Yeah, no, me too, me too, all right, so we
like to have a toast just to sayhi.
So everybody's watching, youall know.
Grab your glass.
So cheers, cheers, cheers, andeverybody.
Take a deep breath and justlike stretch and get all the
stuff out of your mind that'sgoing on and just relax and
(01:49):
spend like the next 45 minutesor so with us and see how great
we make your day.
So, Whitney, so I really justkind of throw people straight
into the wolves.
I just have you tell us yourname, how to get in contact with
you and then, like a sentence,what it is that you do, and then
I've got these little questionsand we're going to backtrack
(02:12):
and see how you became to beWhitney.
Awesome, yeah.
Whitney Elkins - Hutton (02:20):
Well, okay.
So Whitney Elkins Sutton, youcan reach me in one of two
places.
If you need one-on-one supportwith your investments, you can
reach me at ashwealth.
com.
I teach people investments togo into, like multifamily
self-storage, express car washes.
You can reach me at passiveinvesting with Whitney.
(02:50):
com.
Dwan Bent-Twyford (02:53):
I like it Passive investing.
Are you on social medias?
Whitney Elkins - Hutton (02:59):
Yeah, you can find me at LinkedIn at
Whitney Elkins Hutton, I believe.
Dwan Bent-Twyford (03:04):
Okay, well, I'm going to start following you
today.
Yay, everyone always sends melike all this stuff about the
guests, which I'm happy to get,it's like, but I just kind of
want to discover who this personis on my own.
So I take, I so I actually dotake notes because and then
afterwards you know I followeverybody and then I do whatever
(03:25):
I can to help you with yourbusiness.
Okay, so, uh.
So the first thing that yousaid was about the ashwaltcom,
that is, helping people thatwant to get started on the real
estate investing career.
Whitney Elkins - Hutton (03:39):
Yeah, well, actually even just
building a fortified fund, uh,financial foundation, and so my
work there really stemmed out ofworking with people one-on-one
to scale their real estateinvestments and like single
families, small multifamilieseven, you know, initially like
how do I syndicate into largerdeals.
And what I found out is almostevery single person that I was
(04:01):
working with they were good atcreating money in their day job,
their W-2.
They wanted to grow a portfolio.
So they were really, they hadthe desire to do that, they had
the skills, you know no problemdoing that, but they were
building on top of a very shakyfoundation and so they were just
like you know, one downturnaway from like potentially
(04:22):
losing their portfolio, or youknow an HVAC system away from
like losing an asset.
And so I was like whoa, whoa,whoa, whoa.
We need to go back and learn howto give people education on
what it means to build wealth,like what's the objective here?
Like how do you create wealth,keep it, grow it, pass it on?
And so you know create wealth,keep it, grow it, pass it on.
(04:45):
And so you know that and I, tobe honest, I just finished a
book called money for tomorrowhow to build and protect
generational wealth.
That, you know, incorporates alot of the frameworks that I
teach at ashwealth.
com.
Dwan Bent-Twyford (04:57):
Nice, I love that money for tomorrow.
All right, so you teach, sothen you do syndications, so you
teach, so then you dosyndications.
Whitney Elkins - Hutton (05:06):
For me, no.
At ashwell.
com peer education, coaching,mentoring Okay With
passiveinvesting.
com.
We are a private equity firmthat owns and directly owns and
operates multifamilyself-storage and express car
wash assets and we also have areal estate debt fund that we do
help our investors placecapital into those assets as a
(05:29):
limited partner investor.
So it is a syndication, butwe're not raising capital for
other people's projects, we'reraising capital for our own
projects.
Dwan Bent-Twyford (05:37):
We own and operate everything.
Well, I really like thatbecause and I love the whole
syndication thing I'm alwaysexcited to talk to someone that
does syndication, because Ithink so.
Do people have to be accredited?
Whitney Elkins - Hutton (05:49):
You know, with PassiveInvesting.
com we work primarily withaccredited investors yes, and
AshWealth.
com, no, anybody.
I have so many clients thathave you know that are very high
powered investors that I'mgoing back and helping them
fortify their financialfoundation.
So really anybody can canbenefit from the work that I do
(06:11):
there.
Dwan Bent-Twyford (06:12):
I like.
Fortify the foundation.
Yeah, that would be a good nameof a podcast.
We should start one after and Imight steal that and change the
name of my show.
That's a good podcast nameright there.
So I personally am a big fan ofsyndications.
I think that most people,especially people that are newer
(06:34):
to the real estate investingworld they think you have to
have so much money and so muchexperience and they don't even
realize that they could actuallybe involved in something like
that.
It's just not in people'swheelhouse.
They don't.
They don't see themselves aslike, oh, I could never be a
part of a giant multi-unit thing.
But I think that's the greatestthing about syndication is
(06:56):
people can get involved inbigger things without having
knowledge or all the money.
Whitney Elkins - Hutton (07:02):
Yeah, I mean I encourage people to,
like you know, understand theirgoals and their risks and their
timeline right so they pick theright investment to match their
portfolio.
I really encourage people tolearn how to underwrite the
operator, the market and thedeal.
But, past that, once you dothat heavy lifting, once you
invest in the deal, your activerole in the investment is done.
(07:23):
Now you're just monitoring andsomebody else is doing the work.
So that's why it makes a greatpartnership is that the general
partner in this case is they'refinding the deal, they have the
team in place to run the deal,they're getting all the credit,
the lending, they're managingall the day-to-day operations,
managing the financials, andwhat they need is somebody's
(07:48):
capital in order to place,whereas a limited partner, in
this case, somebody who wants toinvest passively they probably
have a higher and better use intheir day job, like a doctor, a
lawyer, engineer, tech worker ornot even.
Maybe they've built their ownbusiness and they need to scale
their portfolio, diversify theirown investments.
(08:09):
Maybe they're anothersyndicator, right, and they
they're really great at likemobile home parks, but they need
to, you know, diversify theirportfolio.
Now there's a way for you to dothat that doesn't require you
to master a new you know newasset class right, you just have
to master how do I invest withthis particular person?
(08:29):
And another thing on somebody'sjourney if somebody is just
starting off in stocks, bondsand mutual fund, you know
there's no gold star for goingout and buying your own single
family rental.
Trust me, I had 36 of them.
I was like I really wish I hadtransitioned to like the larger
(08:51):
assets and passive assets waysooner.
Dwan Bent-Twyford (08:55):
Oh no, when I bought my first couple I think
I had five and I didn't knowreally anything about being a
landlord.
So everybody had my and this isback like before cell phones.
I I started working andinvesting like before pagers.
I tell people, listen, I'mpre-pager.
So I'm like in the prehistoricdays, everybody had my home
number and they would call meand this needs to be done, that
(09:17):
needs to be done.
And then to be like Miss Dwan,I gotta pay my rent late, I
don't want to get a fee.
And I was was just like, oh myGod.
So after I had just only likefive, I thought I'm just I'm not
cut out to do this and I soldthem.
And what I really needed wassomeone just to teach me how to
be a landlord.
So I ended up going to like alandlord class and I was like,
(09:40):
oh well, okay, I first of all Iwrong.
It's better to say like you'rethe property manager, or have a
property manager.
Don't let anyone know you ownanything.
Don't give anybody like here'smy handyman, call him if you
need stuff.
You know just all these littlethings.
So I bought more but I wasinvesting for like I don't know,
(10:00):
like maybe 15 years before Istarted buying commercials, and
now it's like oh man, I wish Iwould have done that first.
Whitney Elkins - Hutton (10:12):
Well, you know, but here's the thing
you know, even though you don'tget a gold star like you don't
have to do that before you cango into either buying your own
larger multifamily asset orcommercial asset, or even into a
passive asset.
For most people, going from dayjob training time for money oh
yeah, being a larger asset orgiving their money to somebody
else to manage, it is like it'sa huge.
(10:32):
It's a huge leap, it's a hugebarrier.
So if that's what you need todo in order to get into real
estate or passive real estate,go buy the house.
Dwan Bent-Twyford (10:42):
Yeah, yeah, yeah, no, yeah, my son's got 10.
My daughters all have singlefamilies and rentals and a
couple commercials.
I'm like, listen, you can startsmall as you don't have to
start like I mean, I've beeninvesting 35 years, so now you
don't have to start there.
Like, start with the singlefamily homes.
But I agree, people, I thinkthe average person has a hard
(11:03):
time, like growing the wealth.
They learn how to wholesale orthey learn how to do storage
units, or they learn, like aspecific section of investing or
whatever commercials or singlefamilies, and then that's sort
of there and they don't know howor who to go to to branch out
into something else.
(11:23):
Don't you think that's?
Whitney Elkins - Hutton (11:24):
true?
I think yeah, it's absolutelytrue.
And you know, for me, what Iteach some of my coaching
clients and a lot of ourinvestors at passiveinvesting.
com is how to invest accordingto the seven pillars.
Because when I think ofsomebody who's kind of stuck
like that, I want to kind oflike help unstick them by
(11:46):
helping them understand that,yes, you have mastered a
particular asset class, butthat's one tactic.
There are so many differentways to achieve the same result.
Let's zoom back out andunderstand why that tactic works
.
It probably is working for youone because you understand it,
you're intimately knowledgeableof it, but fundamentally, the
(12:06):
asset is helping you preservecapital.
It's creating cashflow for you.
Equity tax benefits.
You're getting to use leveragein order to do it.
You're the expert, right.
So now how do we?
How do we find other assets orasset classes and just switch
the expert?
Dwan Bent-Twyford (12:26):
Yes, I agree, I tell everyone I do a lot of
two day weekends and workshopsand podcasting and I spend the
majority of my real estate timetraining other people how to do
it.
Because, like I was fired fromDenny's, I was a broke single
mom.
My husband took off, I lost myhouse and my car and like all my
stuff and and I got intoinvesting just really out of a
(12:50):
necessity to like do something.
But then I kept going, keptgoing.
It's like, oh, this is great,this is a wonderful industry,
and how old are you now?
Whitney Elkins - Hutton (13:00):
Oh my gosh, you're going to make me
answer that question 48.
About to turn 49.
Dwan Bent-Twyford (13:04):
Girl.
I'm 65.
I'm always like the oldestperson I interview.
But you know, like 30 years agothere were hardly any women in
this industry.
It was a hundred percent likedominated by men.
So I'd be at a speaking event,up on the panel to be like 12
men and there's Dwan, you know.
Whitney Elkins - Hutton (13:29):
But now it's definitely male dominated
for sure you go to a real estateconference and, like the
women's bathroom line, is theshortest it's ever been.
It's so short.
Dwan Bent-Twyford (13:39):
Yeah, you do.
I was just at one last weekendwith a couple hundred people and
just in and out in a minute,just like lined up.
But I actually met my husbandat a real estate investing
conference.
So I always tell people like,hey, not only is this investing,
this is your dating pool.
Like look around any singleguys here, because I met my
(14:01):
husband and we've been married22 years, so not always just for
investing.
But one of the things I stresson repeat is that you're going
to learn through mistakes andmentors, and when I started 35
years ago, there were no well,there was no internet to speak
of.
And I don't even think Googlewas invented.
(14:22):
I don't even know.
Was Google invented before the90s 1990?
I don't even I was invented.
I don't even know Was Googleinvented before the 90s 1990?
I don't even.
I think I'm pre-Google and sowe didn't have like all like
this.
We didn't have all this stufflike that.
I tell people like listen, Ifigured it out, but I did
everything by the seat of mypants and I made many, many
mistakes and many really supercostly mistakes that if I had
(14:45):
had a mentor, I wouldn't havemade.
So I tell people all the time.
You learn by mentors ormistakes.
You don't live long enough todo it all by mistakes.
And then the long run, mentorsare shorter, they're cheaper.
And they're shorter becausethey help you get right to the
point.
Cause some people are like, oh,I don't have the money to pay
someone to teach me.
That's like, trust me, youcan't afford not to.
You have no idea what you don'tknow I would 100 agree.
(15:10):
Yeah, I'm always telling peopledon't know like, oh, I'm gonna
buy a commercial building.
Is this your first thing?
Yeah, yeah, I bought a programthat's like is do you have
someone to like ask questions to?
Is someone gonna help you, like, figure out the cap rate?
You're just gonna buy it andsee what happens?
Like I out the cap rate, you'rejust going to buy it and see
what happens?
Like I see people do stuffsometimes I'm just like, oh Lord
, what they're doing.
(15:31):
They need someone.
Whitney Elkins - Hutton (15:33):
Yeah, it turned decades into days.
I mean really, like you know,you're gonna even just I think,
at least from my experience, youknow, with the financial edge
program at Ash Wealth when Italk to people and their
hesitations is exactly that likecost time, like I can learn
this on my own, like all the youknow, I'll just read all the
(15:54):
books and the blogs and you knoweverything like that and I'm
like, but wait a second.
Um, you're, it's not going tokeep you mistake free, right,
Even if you work with a mentor,you're going to go make your own
mistakes and, quite personally,that's what I want them to do,
because you're going to.
You're going to be in adifferent market, right, Under
different conditions, but you'regoing to learn so much more.
(16:16):
I'm going to help you.
I'm going to keep you frombuying a house that has a party
of raccoons on the roof like canyou take out the drywall?
Dwan Bent-Twyford (16:24):
like I don't know, like how to look for that,
like, yeah, like I had to rehabthe house twice because of that
I bought it I learned I had Istarted in florida, so I still
have a house in florida, but Ilived in florida for as I was,
after high school, until I guess.
So bill and I got mares like 42.
So one of my and this is likeone of my first maybe five
(16:46):
rehabs I bought a house that wasfull of termites, but I didn't
know what they were.
I remember going into the houseand there was bugs and thought
I'm going to have to tent thishouse.
There's bugs everywhere.
I did not know that those bugswere termites.
And let me tell you somethingTermites are no joke.
Had to, we had to, like sistersaid all the trusses.
(17:08):
Anyway, the whole thing was likethirty thousand dollars over
the budget.
So this house, I'm like, oh,I'm gonna make 25 grand on this
house.
I think I made twelve hundreddollars.
But you learned a lot, it'slike.
But somebody could have justtold me that and I would have
paid them 30 grand to say, hey,listen, don't buy a house with
(17:30):
termite or get it inspected.
I was like I will put a tentover, it'll be fine.
But the wood was eaten, thecabinets, like everything was
just completely and totallydecimated by termites and it's
like that would have been more,having a mentor just to tell me
that one thing, because itwasn't.
I did learn, but it was likelong and it was a lot of work
and somebody didn't know how todo and I had to hire strangers
(17:51):
to help me and, you know, turninto the debacle and I was like
lord have mercy if I see a bugflying anywhere, I'm not even
I'm getting someone out here.
This is, I'm not just gonna, Ican put a tent over it.
That doesn't fix everything.
No, it does not fix everything.
So I like the fact that youguys teach and help people, but
(18:15):
I also like the fact that yougive people a place to put their
money.
So let's just say, I'm, likeyou know, 85, retired, I'm
sitting on a bunch of money andI don't want to do anything.
I'm just like Whitney, what canyou do for me?
How does that work for somebody?
That's because there's a lot ofpeople, you know, just sitting
on money.
There's millions of boomers outthere just sitting on money.
Whitney Elkins - Hutton (18:33):
Yeah, I mean boomers, and then, quite
frankly, we have this massivewealth transition that is
happening between the boomersand the millennials.
Dwan Bent-Twyford (18:46):
So we work with plenty of kids, millennials
they're getting all the moneythat is happening.
Whitney Elkins - Hutton (18:48):
It's happening right now and it's
going to be one of the mostmassive.
We're talking trillions ofdollars too.
It's going to be one of themost massive wealth transfers
that we've ever seen.
So, yeah, if you're sitting ona pile of cash like that, the
first thing I tell people to doespecially if you've inherited
take a beat, take a breath, takea beat breathe.
Make sure that you understandyour goals, your risk and your
(19:11):
timeline.
So if somebody is in retirementalready, like 85, their goals
in their journey and what theyneed to create is going to be
different than somebody who's amillennial that just inherited
this money, right?
A millennial might still needto invest in assets that have an
(19:31):
accumulation bill to them.
Somebody who's 85 is probablyjust looking for cash flow,
right?
Like, how can I not lose myprincipal and just ride off into
the sunset with cash flow?
And so that's where you know,for us at passiveinvestingcom,
we have we have five verticalsof investing, because we realize
there are so many differenttypes of investors out there and
(19:53):
even then, even within the sameinvestor, they need to
diversify their portfolio.
So, you know, somebody who's 85, they might have the bulk of
their portfolio, say in like ourreal estate debt fund creates
monthly cashflow for them.
You know, in a first position,lean real estate debt product,
(20:14):
no leverage.
You know very plain vanilla,very conservative, and then they
might allocate a small portionof their portfolio to continue
to grow it.
You know, maybe, that maybethey need to continue to grow it
or maybe they want to pass thaton to their heirs, but that
goes into an equity product likea multifamily asset.
Mechanically.
How do they do this?
(20:34):
Simply would hop on the phonewith them, have that
conversation what's your goal,what's your risk, what's your
investment timeline?
And then we would present allthe products to them, but we
would kind of order them to whatwe think would fit, what they
told us the best.
And then after that they'regoing to review that product,
that particular investment.
(20:54):
Yeah, ask their questions.
Do their due diligence right?
Make sure you this is justbecause you invest passively
doesn't mean that you'reabdicated of all, like reading
all the financial literature oranything like that.
Do your due diligence, ask yourquestions, make sure you fully
understand what you're gettinginto.
Because, like even investing ina house, investing in a passive
(21:17):
asset it's illiquid, right?
You're not going to be able tosell it on a secondary market or
sell your shares like the nextday, should you decide you want
out of it, right, like, and thenand then, once you you're,
you'll write your check, you'llbe invested in a deal and then
you um will receive monthly, um,you know, monthly or quarterly
(21:38):
communication, depending on theasset, quarterly financials and
the end of the year, K1.
And you're just keeping tabs ofwhat the asset is doing.
If we have any questions of you, like we have, we're constantly
reaching out to our investorsto, you know, update their tax
status, all that type ofdocumentation every year.
You know if the asset goes tosell, we'll ask them if they you
(22:00):
know how they want toparticipate moving forward.
Do they want to do a 1031exchange with us or do they want
to sell their shares outright?
So it's really hands-off For apassive investor.
All the work is up front.
It's much like buying your ownsingle family house, your own
multifamily property.
You're going to do a lot ofwork making sure that this is
(22:23):
the right investment.
You're going to do a lot ofwork making sure that this is
the right investment, but nowsomebody else is doing taking
care of the day to dayoperations for you.
Dwan Bent-Twyford (22:30):
Yeah, I love that.
I remember.
So my dad is 86 and my stepmomunfortunately she passed away
two years ago she was 84.
But I remember back in likewe've have been like the 8, 9,
10, like the housing crash.
They both retired basically at60.
And they called me up I don'tknow, maybe they were late 60s
(22:55):
or 70-ish and you know theyretired from like factories and
places where all your money islike in the stocks and they're
like you know, we went througheverything and we're going to
run out of money in like twoyears.
I'm like what do you mean?
You're going to run out ofmoney.
Well, the market's gone andwe've lost this much and this
much.
You know all the things and Iwas like okay.
(23:17):
So at that point I was like youknow what, why don't you guys?
Because they're pretty active.
Because they're pretty activeso once you guys get a couple
rentals over in town andsomething you can putter around
on and take care of stuff likethat.
But I think and and they werehappy to do that because they
both, you know, were retired andI think sometimes, unless
you're traveling or busy everyminute, you might find yourself
a little bit bored and likelooking for some things to do.
(23:39):
So they bought I don't know.
I think they bought boughtseven or eight rentals, because
they paid cash for everything.
They had plenty of money.
And then a couple of yearslater they're like oh yes, we're
so wise with our money, webought all these rentals and now
we have this huge amount ofmoney coming in.
I was like, excuse me, like twoyears ago you guys were running
(24:01):
out of money.
Two years ago you guys wererunning out of money, but at
that stage they were still ableto take care of things and fix
things and they enjoyed doingthat.
But now they're.
You know, my dad's 86.
Now he's like he's willing toinvest in stuff.
He doesn't want to have totouch anything.
So, like what you had, there'sso many and all his buddies, my
aunt's 97, like all of them.
(24:22):
They're all like oh yeah, we'dlike to make more money, but we
don't want to do anythinganymore.
So someone came to you likethat what's their minimum
investment?
Whitney Elkins - Hutton (24:30):
It depends on the asset that they
would be going into, but $75,000would probably be the start for
, like, a multifamily investment.
If it's a portfolio of assetslike our self-storage or our
express car washes, generallyour minimums are $100,000.
Okay, I know this is beingpublished, but this is for my
(24:51):
general listener.
If you're sitting there kind oflike choking a little bit on
your drink of choice, going, ooh, that's a lot of money, I was
thinking that was not much Right, well, but I mean like.
Or if you just you've got a newoperator and you want to like
maybe write a smaller check,always just ask the operator if
they would take a little bit,you know like.
(25:12):
You know maybe like 50K orsomething like that.
You know different operatorshave different minimums but you
know, for us it's 75 to 100Kbecause we work with that
accredited investor and thataccredited investor generally
has, you know, more cash sittingon the sideline than somebody
who is just starting out ontheir wealth building journey.
Dwan Bent-Twyford (25:32):
Oh, when you said that, I was like, wow,
that's really great, right?
Yeah, I just like saying thatbecause you know, oh my.
God, that's a lot of money, butnot, not, really Not if it's in
a big fund like that.
Whitney Elkins - Hutton (25:45):
Yeah Well, and you're buying shares
into a business that owns thereal estate.
So you know a 75K check isprobably a minimum investment
for an $80 million project.
So you know, if you're everdriving around your town and
you're kind of wondering likewho owns these?
Like you know 100, 200, 300unit apartment complexes, it's
(26:07):
groups like us, it's groupsexactly.
Dwan Bent-Twyford (26:10):
I tell people all the time I'm like you know
they see like a building oranything for sales like, but you
probably know a person like meor they would could meet a
person like you and find outlike who's involved in that.
And it's really surprisinglyeasy to get into things if
people just yeah, groups likethat like, instead of thinking
like oh, it must be somethinggiant corporation I could never
(26:33):
get in contact with, it's likewell, here's whitney, right here
, you know, and I think accessis easier than people think they
assume.
To do things like that you needlike some giant um person or a
connection, and not like there'scompanies like literally
sitting there looking for peopleto put money into things well,
(26:54):
this is a relatively newindustry.
Whitney Elkins - Hutton (26:56):
Like you know, in 2012 there was a
shift that allowed these type ofinvestments to be open to more
retail, like investors.
Otherwise, before then andsomebody's sitting here going
like 20, 30 years ago I neverheard of this, probably because
you had to be in connection witha family office, some sort of
private investment group or ahedge fund in order to be
(27:18):
connected to that type of asset.
But that's changed to that typeof set.
But that that that's changed.
You know, really it's given umthe um, the average person the
ability to diversify away fromwall street to main street.
So you, when you invest in aproject, multifamily,
self-storage, express, carwashes, even real estate debt
(27:39):
fund you're impacting localcommunities.
Your money's not going off tosome big like hedge fund group,
blackrock or whatever Like.
You actually can drive by andsee the change that is happening
on these local communities andwhat you are doing to affect
that neighborhood, and it'sreally positive.
Dwan Bent-Twyford (27:57):
It is.
I think that's exactly right.
People think it's like you haveto know a hedge fund or
something and I don't thinkenough people realize now that
like a regular person can getinto big projects.
Yeah.
Whitney Elkins - Hutton (28:09):
And here's the thing is, on a large
whole, most operators cannotadvertise.
Dwan Bent-Twyford (28:16):
Well, I do know that.
You know I forgot to say that.
Thank you for bringing that up.
So everybody listening theycan't advertise, but I can tell
you you should go check her outbecause it would be an amazing
thing.
That's why I forgot you can'tadvertise.
That's why I think enoughpeople don't know about it.
Whitney Elkins - Hutton (28:33):
Yeah, so now we have Regulation 506C
and so that's why we work withaccredited investors, because
under Regulation 506C I knowthis sounds like the tax code,
it's the Security and ExchangeCommission regulations we can
advertise our projects.
So you can find larger groupslike us.
(28:54):
If you know what to Google for,if you know what to look for,
you can find us at real estateconferences like Best Ever
Conference and other largeconferences.
We show up there, like BestEver Conference and other large
conferences we show up there.
But, like some of the smallergroups, it's going to be a
little difficult.
Like you're going to have toget connected into a local RIA
or a local investment group.
(29:15):
You're going to have to networkwith other investors and, quite
frankly, networking with otherinvestors is such an amazing way
to find these type ofinvestments.
Dwan Bent-Twyford (29:24):
It is.
We own a ria in denver calledcolorado ria and that's why,
when you said boulder, I waslike wait, hold on.
But uh, I know the people.
The girl that runs the umcolorado springs, her name is
dwan.
What it was like dwan, liked-w-a-N.
She's like yeah.
And I was like it's notpossible, two Dwans in Colorado,
(29:47):
that both on Ria's.
I've never even met a Dwan.
And so when you said that, Iwas saying oh wait, no, but
you're in Boulder, is there aREIA in Boulder?
Whitney Elkins - Hutton (29:55):
I believe.
Dwan Bent-Twyford (29:56):
Yes, I'm not a part of it, but yeah, I
believe there is that's up toyou all the time go to
conferences, go to Ria's, watchpodcasts like everything you
need is available.
You just have to go and find it.
So now, what is what's thebiggest goal?
What is the big goal thatyou're working on right now, and
how can the people atDwanderful help you reach that
(30:16):
goal?
Whitney Elkins - Hutton (30:16):
Whitney , oh my gosh.
Yeah, I mean, I think for us isthat we're looking to, you know
, double and triple our debtfund, and so that's
professionally, you know.
So we're looking to reallyexpand our reach.
You know, with the Fed raisinginterest rates the way they've
done, and kind of bank moneysomewhat, you know, evaporating,
this has left a lot ofborrowers in a lurch.
(30:41):
And so, you know, with our debtfund, we fund a fix and flip
fund to keep these borrowers ina lurch.
And so, you know, with our debtfund, we fund a fix and flip
fund to keep these borrowersrevitalizing communities like in
South Carolina and NorthCarolina.
And we want to expand thatreach into other states, like we
have a foothold into Atlantaand Tennessee.
We're actually licensed inmajority of the United States.
We just haven't expanded thatfoothold yet expanded our team.
(31:02):
So that is a huge undertakingfor us to increase our reach
there.
All right, so everyone the.
Dwan Bent-Twyford (31:14):
They want money from you to invest, for
you to make money, and they havea fix and flip fund.
So it's like what more couldanybody want return, return on
that investment?
Now I'm gonna, so we're gonnajump topics for a minute.
So tell me, what is your uhfavorite band of all time?
Whitney Elkins - Hutton (31:33):
dave matthews band hands down dave
matthews.
Dwan Bent-Twyford (31:36):
I love dave matthews.
I forgot about them.
I always like to ask peoplequestions about like music and
stuff, because I feel like youcan kind of get a vibe for what
a person is or what they like tolisten to you wouldn't know
that because if you came intoour house, like everything looks
like the Grateful Dead.
Whitney Elkins - Hutton (31:52):
My daughter's named that for a
Grateful Dead, so you wouldn'tknow that about me if you came
in our house.
But that's mostly that's oneband.
Dwan Bent-Twyford (32:00):
I regret that I did not see it in person.
I know um, so in boulder I'veseen like a million concerts and
I was like, oh, I totally wouldhave loved to have gone to.
Whitney Elkins - Hutton (32:13):
A grateful dead yeah, um dead and
co.
So the kind of second evolutionof the um grateful dead, uh
they.
Up until last year they playedat the wholesome field stadium
which is a mile from our house.
So we went to every and theydid.
That run for like six, sevenyears and we went.
Dwan Bent-Twyford (32:34):
I love it.
I know Steve Matthews band.
That's awesome.
I haven't thought about themfor a while, so I'm always
curious what do you like to eat?
What's your favorite thing toeat?
Whitney Elkins - Hutton (32:43):
My favorite thing to eat that I
don't eat is cheese.
So I love cheese, but I I have.
I have some uh uh uh athleticgoals, and so I have cheese
after I run my races.
So Mother's.
Day is gonna be fun.
Have cheese for the day, whatup, and kind of tackling the day
(33:14):
.
By the end of the day I I'mready to.
By six, seven o'clock, I wantto be on the couch and just
relaxing, um, you know, doingwhatever I need to do to kind of
fill my cup, but I I love bothaspects of it.
Dwan Bent-Twyford (33:25):
Whatever I need to do to kind of fill my
cup, but I love both aspects ofit and people always complain
about when it's the winter, thestandard time or the savings or
whatever it is, when it's in thefall.
But we live in Bailey, up inthe mountains, so it gets dark
at five o'clock and people arelike it's dark at five o'clock
(33:46):
but at our house we're at 9,000feet and we're in the dead of
the mountains and every nightand that time of year we light a
fire.
Every night at five we likehave some wine, we watch TV.
It's like, oh, this is the besttime.
And I hear people all aroundthe country they're complaining
it's dark on my way home fromwork.
But yeah, if you live where weare, it it's so beautiful that
time of day, yeah.
Whitney Elkins - Hutton (34:05):
We actually, we will actually, for
the month of December, usuallytake off and go to Sedona so we
have longer days.
Yes, kind of you know so, butto get more sunshine for that
very reason.
Yeah, because we live inBoulder, we get the cast of the
shadow of the mountains so itcan get dark.
Oh, you do, yeah, like 430.
Dwan Bent-Twyford (34:26):
Oh yeah, the mountains, so it can get dark.
Oh you do, yeah, like 4 30.
Oh yeah, no, I, I'm a sun.
Firstly, I'm a sun lover.
It's like if I can be at thebeach and the sun's up all day,
I'll just stay outside for 15hours, I don't need to go in.
I do like the winters when I'min colorado.
If I'm any place else, I'm like, oh, why is it dark so early?
But in the mountains it's niceto light a fire.
It's like, oh, this is so cozybecause in the summer, you know,
I feel like it's nice to lighta fire.
It's like, oh, this is so cozyBecause in the summer, you know,
I feel like it's daylight tillnine.
(34:47):
I can't go and just like lighta fire, it's still daylight
outside.
Right.
I mean you know doing thatafter dark, so it's funny.
Okay, so people to reach you.
Tell them one more time I wanteverything in the show knows how
do people reach you again.
Yeah.
Whitney Elkins - Hutton (35:05):
If you're looking for one-on-one
help to scale your financialposition and become that
unstoppable investor, you canreach me at ashwealthcom, a-s-h,
wealthcom.
I have a free quiz on there tohelp you understand what might
be playing into a roadblock foryou to achieve your goals.
And then if you're looking toplace those passive investments,
(35:26):
if you're ready to invest orwant to learn more about that,
check me out atPassiveInvestingWithWhitneycom.
Dwan Bent-Twyford (35:34):
I love it.
Very easy, easy to find.
So I have a couple morequestions.
So first, I just want to thankyou all for being on joining and
listening to the podcast today.
I am a really big fan ofsyndications and things where
you can place your money withpeople that already have learned
how to do it and, as you know,I spent a lot of time teaching
(35:55):
all of you because I mean, ifthere was a bonehead mistake
ever to be made, I feel 100%certain I made all of them, and
so it's so much better to workwith someone.
Like you said, I like thedecade into days.
Oh, that is so true.
I tell people, listen, I havethree decades of knowledge and
(36:15):
if you just work with me, I cancut you right to where I'm at.
You don't need to go throughall of the ups and downs and
things of investing, all of theups and downs and things of
investing.
So, again, I want you to reachout to DwanDurful
D-W-A-N-D-E-R-F-U-L.
Dwandurfulcom and I've got somefree eBooks for you.
(36:36):
And again, if you like the showor you're watching this on
YouTube, click the subscribebutton.
Give me a five star.
Share this Like you.
Don't need to keep it likesecret agent.
Share this, share it with otherpeople.
Let other people know that Ihave a great podcast and I have
amazing guests and I really Ijust love, I love everything
(36:57):
about you.
Like you're from Colorado.
I can just see you like beinglike that kind of hippie girl in
the mountains and running andhiking and just like really
loving where you're at in life.
All right, you nailed it.
Yeah, no, I totally see that.
I love that.
I like people that are like asthey go along, they're like true
to themselves too did the plaidgive me away?
Whitney Elkins - Hutton (37:19):
is that what gave me away?
Dwan Bent-Twyford (37:21):
a little bit.
But now, just when youespecially said grateful dad is
like I totally get this girl 100.
I like the kind of music peoplelisten to because you can tell
a lot.
It's like, oh, I see, yeah.
But actually now that you saidthat, I was like, oh, that is
plaid, it looks good on your, onyour with your skin and
everything Okay.
So now the biggest challenge ofthe day is I want you to give
(37:42):
us a parting word of wisdom, butit can actually only be one
word Resourcefulness.
Oh, that was fast.
Whitney Elkins - Hutton (37:53):
I think it's the one thing that keeps
resourcefulness yeah.
Dwan Bent-Twyford (38:00):
So hang on.
So the people that listen toDwarven, you know that we have a
word of the week.
So a word of the week isresourcefulness.
So now I want you to tell mewhat that means to you.
So when people are thinkingabout the word, that's our word
we're going to put it on asticker and put it on a mirror
resourcefulness.
What does that mean to Whitney?
Whitney Elkins - Hutton (38:28):
People are stuck in an obstacle or
wondering you know, I can't, youknow, you know.
If you switch that to, how canI?
Now your brain is starting totap into all those things that
innate knowledge you have.
So it's never about I can'tbecause I don't have enough
resources, I don't have enoughmoney, I don't have enough time.
It's about resourcefulness.
How can you find it?
So it's the mindset shift,because you don't have to have
(38:49):
everything in order to achieveyour goals.
Do you need somebody that hasthe money?
Do you need somebody?
Do you need a who on your teamthat has the time to do X, y and
Z?
Do you need somebody on yourteam that has the skill?
Do you need to get a mentor,like we've been talking about so
much here, to help you collapsedecades into days, right?
Dwan Bent-Twyford (39:08):
so resourcefulness I see now I
that's what I would think.
That is like figuring out howto make it happen when you don't
know.
That's what I would think thatword resourcefulness would mean
to me and that is really iteveryone.
I mean, you know you go toconferences and stuff.
Everyone's like, oh, I have toget an llc and I have to borrow
(39:28):
money and I'm trying to get mycredit straightened down.
I don't know what to do and I'mreading books and watching
videos and I'm going to jumpinto something.
It's like, oh, I hear peopletalk like that.
I'm just like, oh, you justdon't know.
Like, just for the love of God,follow somebody that's already
(39:50):
doing whatever it is you wantand figure it out and just let
somebody else help you.
That's already been there.
And especially when, for peoplethat have aunts and uncles and
parents and things like thatthat are, you know, in like the
boomer age, they have so muchmoney like you could just talk
to half the people in yourfamily and like, hey, let's all
invest over here with Whitneyand let's get into the Ashwell,
then let's do this and that, andpeople, just there's just
(40:11):
buckets of money sitting aroundthat people don't realize how
much.
Very true, very, very true.
Just like buckets of it.
And I like I'm all for thesyndication.
I feel like it's a really goodway for people that either want
to be involved or don't want tobe involved.
There's a place to put yourmoney where it's it's safe,
because, like you can't trustthe stock market and crypto's,
(40:34):
like you know, it's all over themap.
It's like here and there andeverywhere, and you know all the
people that the mostmillionaires are made every year
through real estate investing.
So still today, since today,since the beginning of our
country, there's always moremillionaires through real estate
than any asset group all puttogether.
So it's like I don't know whypeople just stay in the lane,
(40:55):
get involved in investing, justfind out what you like and do
that.
Whitney Elkins - Hutton (40:59):
No, absolutely, and it doesn't
require a degree, right.
So that's an amazing thing too.
It's attainable for anybody,literally anybody, if you're
resourceful enough.
Dwan Bent-Twyford (41:12):
Yeah, resourceful.
I love resourcefulness.
That's a super great word Ilove.
I like what it means.
I like what it means to you,All right, everyone.
So again.
So, Whitney, first of all, Ijust want to thank you for
spending time with me today andyou know I realized that time is
our all of of us.
It's our most valuable assetand you know, when you do
something for an hour like you,can't get that time back.
So I appreciate you spendingthe time with us today and
(41:34):
everyone that's listening.
I appreciate you all spendingthe time with us as well.
And again, like and subscribeand follow.
Find whitney.
Find her on linkedin.
Go to ashwaltcom passiveinvesting with Investing with
Whitney right,Passiveinvestingwithwhitneycom
yes, and find out.
You know you may have money orskills or more access to things
(41:56):
than you think that you do andyou're sitting on money that
could be making you money andthat never gets anybody ahead
ever.
So you got to turn that moneyinto something else, and I love
decades into days.
They can learn from you and cutdecades off of their learning
curve yeah, bring it on, let'sdo it all right.
(42:18):
So listen, if I ever hear of anygrateful dead groups going
about or you do you have to textme and I will come over to
boulder and go to like something.
I saw fish one time.
I was like, oh, I've died andgone to heaven here.
I never, ever, got to seeGrateful Dead.
I was like that's a one band Iregret never having gone to see.
So when they have somethinglike that happening around
Boulder, you're going to have totext me.
(42:38):
All right, you're on, I'll comeand be like your, uh, your
hippie friend up in themountains.
Your hair is already blendingin.
There you go, I'm already likeI've got that part going on, so
I could be like a mermaid.
All right, honey.
Well, listen, thank you, Iappreciate your time, everyone.
We'll see you next week, samebat time, same bat channel.
(42:59):
And remember that the truth isin the red letters.
Ciao, goodbye, everybody.
Hey everybody , welcome to The Most Dwanderful
Real Estate Podcast Ever.
I'm your host, DwanBent-Twyford and I'm America's
most sought-after real estateinvestor and we are super
excited that you are here withus today.
As you can see, I have anamazing guest, Ms Whitney.
We're going to find out whatshe's all about and what she's
(00:22):
got to share with us today.
So, if you're new here, I tookDwan my first name, Dwan and
Wonderful and I made a new word.
That's how we becameDwan-der-ful.
So you can follow my website,dwanderful.
com, facebook, instagram, tiktok, all the places and watch
videos, watch the podcast, likesubscribe, leave some comments,
(00:46):
but, opting in at dwanderful.
com, I'll send you some freeebooks.
So teach you kind of, give yousome guidance on your journey to
real estate investing.
Our motto at Dwanderful ispeople before profits.
So if that is something thatresonates with you, then you're
at the right place and we'reyour girls today.
So, Whitney, how are you?
Whitney Elkins - Hutton (01:06):
today I'm doing fantastic, Dwan.
Thanks so much for asking.
Dwan Bent-Twyford (01:10):
Yeah, it's good to meet you.
I love your hair.
Whitney Elkins - Hutton (01:14):
Thank you yeah.
Dwan Bent-Twyford (01:16):
I had the brown silky hair.
Whitney Elkins - Hutton (01:20):
Well, don't let the hair dye fool you.
I've got like the mousy grayunderneath.
Dwan Bent-Twyford (01:26):
Yeah, no, me too, me too, all right, so we
like to have a toast just to sayhi.
So everybody's watching, youall know.
Grab your glass.
So cheers, cheers, cheers, andeverybody.
Take a deep breath and justlike stretch and get all the
stuff out of your mind that'sgoing on and just relax and
(01:49):
spend like the next 45 minutesor so with us and see how great
we make your day.
So, Whitney, so I really justkind of throw people straight
into the wolves.
I just have you tell us yourname, how to get in contact with
you and then, like a sentence,what it is that you do, and then
I've got these little questionsand we're going to backtrack
(02:12):
and see how you became to beWhitney.
Awesome, yeah.
Whitney Elkins - Hutton (02:20):
Well, okay.
So Whitney Elkins Sutton, youcan reach me in one of two
places.
If you need one-on-one supportwith your investments, you can
reach me at ashwealth.
com.
I teach people investments togo into, like multifamily
self-storage, express car washes.
You can reach me at passiveinvesting with Whitney.
(02:50):
com.
Dwan Bent-Twyford (02:53):
I like it Passive investing.
Are you on social medias?
Whitney Elkins - Hutton (02:59):
Yeah, you can find me at LinkedIn at
Whitney Elkins Hutton, I believe.
Dwan Bent-Twyford (03:04):
Okay, well, I'm going to start following you
today.
Yay, everyone always sends melike all this stuff about the
guests, which I'm happy to get,it's like, but I just kind of
want to discover who this personis on my own.
So I take, I so I actually dotake notes because and then
afterwards you know I followeverybody and then I do whatever
(03:25):
I can to help you with yourbusiness.
Okay, so, uh.
So the first thing that yousaid was about the ashwaltcom,
that is, helping people thatwant to get started on the real
estate investing career.
Whitney Elkins - Hutton (03:39):
Yeah, well, actually even just
building a fortified fund, uh,financial foundation, and so my
work there really stemmed out ofworking with people one-on-one
to scale their real estateinvestments and like single
families, small multifamilieseven, you know, initially like
how do I syndicate into largerdeals.
And what I found out is almostevery single person that I was
(04:01):
working with they were good atcreating money in their day job,
their W-2.
They wanted to grow a portfolio.
So they were really, they hadthe desire to do that, they had
the skills, you know no problemdoing that, but they were
building on top of a very shakyfoundation and so they were just
like you know, one downturnaway from like potentially
(04:22):
losing their portfolio, or youknow an HVAC system away from
like losing an asset.
And so I was like whoa, whoa,whoa, whoa.
We need to go back and learn howto give people education on
what it means to build wealth,like what's the objective here?
Like how do you create wealth,keep it, grow it, pass it on?
And so you know create wealth,keep it, grow it, pass it on.
(04:45):
And so you know that and I, tobe honest, I just finished a
book called money for tomorrowhow to build and protect
generational wealth.
That, you know, incorporates alot of the frameworks that I
teach at ashwealth.
com.
Dwan Bent-Twyford (04:57):
Nice, I love that money for tomorrow.
All right, so you teach, sothen you do syndications, so you
teach, so then you dosyndications.
Whitney Elkins - Hutton (05:06):
For me, no.
At ashwell.
com peer education, coaching,mentoring Okay With
passiveinvesting.
com.
We are a private equity firmthat owns and directly owns and
operates multifamilyself-storage and express car
wash assets and we also have areal estate debt fund that we do
help our investors placecapital into those assets as a
(05:29):
limited partner investor.
So it is a syndication, butwe're not raising capital for
other people's projects, we'reraising capital for our own
projects.
Dwan Bent-Twyford (05:37):
We own and operate everything.
Well, I really like thatbecause and I love the whole
syndication thing I'm alwaysexcited to talk to someone that
does syndication, because Ithink so.
Do people have to be accredited?
Whitney Elkins - Hutton (05:49):
You know, with PassiveInvesting.
com we work primarily withaccredited investors yes, and
AshWealth.
com, no, anybody.
I have so many clients thathave you know that are very high
powered investors that I'mgoing back and helping them
fortify their financialfoundation.
So really anybody can canbenefit from the work that I do
(06:11):
there.
Dwan Bent-Twyford (06:12):
I like.
Fortify the foundation.
Yeah, that would be a good nameof a podcast.
We should start one after and Imight steal that and change the
name of my show.
That's a good podcast nameright there.
So I personally am a big fan ofsyndications.
I think that most people,especially people that are newer
(06:34):
to the real estate investingworld they think you have to
have so much money and so muchexperience and they don't even
realize that they could actuallybe involved in something like
that.
It's just not in people'swheelhouse.
They don't.
They don't see themselves aslike, oh, I could never be a
part of a giant multi-unit thing.
But I think that's the greatestthing about syndication is
(06:56):
people can get involved inbigger things without having
knowledge or all the money.
Whitney Elkins - Hutton (07:02):
Yeah, I mean I encourage people to,
like you know, understand theirgoals and their risks and their
timeline right so they pick theright investment to match their
portfolio.
I really encourage people tolearn how to underwrite the
operator, the market and thedeal.
But, past that, once you dothat heavy lifting, once you
invest in the deal, your activerole in the investment is done.
(07:23):
Now you're just monitoring andsomebody else is doing the work.
So that's why it makes a greatpartnership is that the general
partner in this case is they'refinding the deal, they have the
team in place to run the deal,they're getting all the credit,
the lending, they're managingall the day-to-day operations,
managing the financials, andwhat they need is somebody's
(07:48):
capital in order to place,whereas a limited partner, in
this case, somebody who wants toinvest passively they probably
have a higher and better use intheir day job, like a doctor, a
lawyer, engineer, tech worker ornot even.
Maybe they've built their ownbusiness and they need to scale
their portfolio, diversify theirown investments.
(08:09):
Maybe they're anothersyndicator, right, and they
they're really great at likemobile home parks, but they need
to, you know, diversify theirportfolio.
Now there's a way for you to dothat that doesn't require you
to master a new you know newasset class right, you just have
to master how do I invest withthis particular person?
(08:29):
And another thing on somebody'sjourney if somebody is just
starting off in stocks, bondsand mutual fund, you know
there's no gold star for goingout and buying your own single
family rental.
Trust me, I had 36 of them.
I was like I really wish I hadtransitioned to like the larger
(08:51):
assets and passive assets waysooner.
Dwan Bent-Twyford (08:55):
Oh no, when I bought my first couple I think
I had five and I didn't knowreally anything about being a
landlord.
So everybody had my and this isback like before cell phones.
I I started working andinvesting like before pagers.
I tell people, listen, I'mpre-pager.
So I'm like in the prehistoricdays, everybody had my home
number and they would call meand this needs to be done, that
(09:17):
needs to be done.
And then to be like Miss Dwan,I gotta pay my rent late, I
don't want to get a fee.
And I was was just like, oh myGod.
So after I had just only likefive, I thought I'm just I'm not
cut out to do this and I soldthem.
And what I really needed wassomeone just to teach me how to
be a landlord.
So I ended up going to like alandlord class and I was like,
(09:40):
oh well, okay, I first of all Iwrong.
It's better to say like you'rethe property manager, or have a
property manager.
Don't let anyone know you ownanything.
Don't give anybody like here'smy handyman, call him if you
need stuff.
You know just all these littlethings.
So I bought more but I wasinvesting for like I don't know,
(10:00):
like maybe 15 years before Istarted buying commercials, and
now it's like oh man, I wish Iwould have done that first.
Whitney Elkins - Hutton (10:12):
Well, you know, but here's the thing
you know, even though you don'tget a gold star like you don't
have to do that before you cango into either buying your own
larger multifamily asset orcommercial asset, or even into a
passive asset.
For most people, going from dayjob training time for money oh
yeah, being a larger asset orgiving their money to somebody
else to manage, it is like it'sa huge.
(10:32):
It's a huge leap, it's a hugebarrier.
So if that's what you need todo in order to get into real
estate or passive real estate,go buy the house.
Dwan Bent-Twyford (10:42):
Yeah, yeah, yeah, no, yeah, my son's got 10.
My daughters all have singlefamilies and rentals and a
couple commercials.
I'm like, listen, you can startsmall as you don't have to
start like I mean, I've beeninvesting 35 years, so now you
don't have to start there.
Like, start with the singlefamily homes.
But I agree, people, I thinkthe average person has a hard
(11:03):
time, like growing the wealth.
They learn how to wholesale orthey learn how to do storage
units, or they learn, like aspecific section of investing or
whatever commercials or singlefamilies, and then that's sort
of there and they don't know howor who to go to to branch out
into something else.
(11:23):
Don't you think that's?
Whitney Elkins - Hutton (11:24):
true?
I think yeah, it's absolutelytrue.
And you know, for me, what Iteach some of my coaching
clients and a lot of ourinvestors at passiveinvesting.
com is how to invest accordingto the seven pillars.
Because when I think ofsomebody who's kind of stuck
like that, I want to kind oflike help unstick them by
(11:46):
helping them understand that,yes, you have mastered a
particular asset class, butthat's one tactic.
There are so many differentways to achieve the same result.
Let's zoom back out andunderstand why that tactic works
.
It probably is working for youone because you understand it,
you're intimately knowledgeableof it, but fundamentally, the
(12:06):
asset is helping you preservecapital.
It's creating cashflow for you.
Equity tax benefits.
You're getting to use leveragein order to do it.
You're the expert, right.
So now how do we?
How do we find other assets orasset classes and just switch
the expert?
Dwan Bent-Twyford (12:26):
Yes, I agree, I tell everyone I do a lot of
two day weekends and workshopsand podcasting and I spend the
majority of my real estate timetraining other people how to do
it.
Because, like I was fired fromDenny's, I was a broke single
mom.
My husband took off, I lost myhouse and my car and like all my
stuff and and I got intoinvesting just really out of a
(12:50):
necessity to like do something.
But then I kept going, keptgoing.
It's like, oh, this is great,this is a wonderful industry,
and how old are you now?
Whitney Elkins - Hutton (13:00):
Oh my gosh, you're going to make me
answer that question 48.
About to turn 49.
Dwan Bent-Twyford (13:04):
Girl.
I'm 65.
I'm always like the oldestperson I interview.
But you know, like 30 years agothere were hardly any women in
this industry.
It was a hundred percent likedominated by men.
So I'd be at a speaking event,up on the panel to be like 12
men and there's Dwan, you know.
Whitney Elkins - Hutton (13:29):
But now it's definitely male dominated
for sure you go to a real estateconference and, like the
women's bathroom line, is theshortest it's ever been.
It's so short.
Dwan Bent-Twyford (13:39):
Yeah, you do.
I was just at one last weekendwith a couple hundred people and
just in and out in a minute,just like lined up.
But I actually met my husbandat a real estate investing
conference.
So I always tell people like,hey, not only is this investing,
this is your dating pool.
Like look around any singleguys here, because I met my
(14:01):
husband and we've been married22 years, so not always just for
investing.
But one of the things I stresson repeat is that you're going
to learn through mistakes andmentors, and when I started 35
years ago, there were no well,there was no internet to speak
of.
And I don't even think Googlewas invented.
(14:22):
I don't even know.
Was Google invented before the90s 1990?
I don't even I was invented.
I don't even know Was Googleinvented before the 90s 1990?
I don't even.
I think I'm pre-Google and sowe didn't have like all like
this.
We didn't have all this stufflike that.
I tell people like listen, Ifigured it out, but I did
everything by the seat of mypants and I made many, many
mistakes and many really supercostly mistakes that if I had
(14:45):
had a mentor, I wouldn't havemade.
So I tell people all the time.
You learn by mentors ormistakes.
You don't live long enough todo it all by mistakes.
And then the long run, mentorsare shorter, they're cheaper.
And they're shorter becausethey help you get right to the
point.
Cause some people are like, oh,I don't have the money to pay
someone to teach me.
That's like, trust me, youcan't afford not to.
You have no idea what you don'tknow I would 100 agree.
(15:10):
Yeah, I'm always telling peopledon't know like, oh, I'm gonna
buy a commercial building.
Is this your first thing?
Yeah, yeah, I bought a programthat's like is do you have
someone to like ask questions to?
Is someone gonna help you, like, figure out the cap rate?
You're just gonna buy it andsee what happens?
Like I out the cap rate, you'rejust going to buy it and see
what happens?
Like I see people do stuffsometimes I'm just like, oh Lord
, what they're doing.
(15:31):
They need someone.
Whitney Elkins - Hutton (15:33):
Yeah, it turned decades into days.
I mean really, like you know,you're gonna even just I think,
at least from my experience, youknow, with the financial edge
program at Ash Wealth when Italk to people and their
hesitations is exactly that likecost time, like I can learn
this on my own, like all the youknow, I'll just read all the
(15:54):
books and the blogs and you knoweverything like that and I'm
like, but wait a second.
Um, you're, it's not going tokeep you mistake free, right,
Even if you work with a mentor,you're going to go make your own
mistakes and, quite personally,that's what I want them to do,
because you're going to.
You're going to be in adifferent market, right, Under
different conditions, but you'regoing to learn so much more.
(16:16):
I'm going to help you.
I'm going to keep you frombuying a house that has a party
of raccoons on the roof like canyou take out the drywall?
Dwan Bent-Twyford (16:24):
like I don't know, like how to look for that,
like, yeah, like I had to rehabthe house twice because of that
I bought it I learned I had Istarted in florida, so I still
have a house in florida, but Ilived in florida for as I was,
after high school, until I guess.
So bill and I got mares like 42.
So one of my and this is likeone of my first maybe five
(16:46):
rehabs I bought a house that wasfull of termites, but I didn't
know what they were.
I remember going into the houseand there was bugs and thought
I'm going to have to tent thishouse.
There's bugs everywhere.
I did not know that those bugswere termites.
And let me tell you somethingTermites are no joke.
Had to, we had to, like sistersaid all the trusses.
(17:08):
Anyway, the whole thing was likethirty thousand dollars over
the budget.
So this house, I'm like, oh,I'm gonna make 25 grand on this
house.
I think I made twelve hundreddollars.
But you learned a lot, it'slike.
But somebody could have justtold me that and I would have
paid them 30 grand to say, hey,listen, don't buy a house with
(17:30):
termite or get it inspected.
I was like I will put a tentover, it'll be fine.
But the wood was eaten, thecabinets, like everything was
just completely and totallydecimated by termites and it's
like that would have been more,having a mentor just to tell me
that one thing, because itwasn't.
I did learn, but it was likelong and it was a lot of work
and somebody didn't know how todo and I had to hire strangers
(17:51):
to help me and, you know, turninto the debacle and I was like
lord have mercy if I see a bugflying anywhere, I'm not even
I'm getting someone out here.
This is, I'm not just gonna, Ican put a tent over it.
That doesn't fix everything.
No, it does not fix everything.
So I like the fact that youguys teach and help people, but
(18:15):
I also like the fact that yougive people a place to put their
money.
So let's just say, I'm, likeyou know, 85, retired, I'm
sitting on a bunch of money andI don't want to do anything.
I'm just like Whitney, what canyou do for me?
How does that work for somebody?
That's because there's a lot ofpeople, you know, just sitting
on money.
There's millions of boomers outthere just sitting on money.
Whitney Elkins - Hutton (18:33):
Yeah, I mean boomers, and then, quite
frankly, we have this massivewealth transition that is
happening between the boomersand the millennials.
Dwan Bent-Twyford (18:46):
So we work with plenty of kids, millennials
they're getting all the moneythat is happening.
Whitney Elkins - Hutton (18:48):
It's happening right now and it's
going to be one of the mostmassive.
We're talking trillions ofdollars too.
It's going to be one of themost massive wealth transfers
that we've ever seen.
So, yeah, if you're sitting ona pile of cash like that, the
first thing I tell people to doespecially if you've inherited
take a beat, take a breath, takea beat breathe.
Make sure that you understandyour goals, your risk and your
(19:11):
timeline.
So if somebody is in retirementalready, like 85, their goals
in their journey and what theyneed to create is going to be
different than somebody who's amillennial that just inherited
this money, right?
A millennial might still needto invest in assets that have an
(19:31):
accumulation bill to them.
Somebody who's 85 is probablyjust looking for cash flow,
right?
Like, how can I not lose myprincipal and just ride off into
the sunset with cash flow?
And so that's where you know,for us at passiveinvestingcom,
we have we have five verticalsof investing, because we realize
there are so many differenttypes of investors out there and
(19:53):
even then, even within the sameinvestor, they need to
diversify their portfolio.
So, you know, somebody who's 85, they might have the bulk of
their portfolio, say in like ourreal estate debt fund creates
monthly cashflow for them.
You know, in a first position,lean real estate debt product,
(20:14):
no leverage.
You know very plain vanilla,very conservative, and then they
might allocate a small portionof their portfolio to continue
to grow it.
You know, maybe, that maybethey need to continue to grow it
or maybe they want to pass thaton to their heirs, but that
goes into an equity product likea multifamily asset.
Mechanically.
How do they do this?
(20:34):
Simply would hop on the phonewith them, have that
conversation what's your goal,what's your risk, what's your
investment timeline?
And then we would present allthe products to them, but we
would kind of order them to whatwe think would fit, what they
told us the best.
And then after that they'regoing to review that product,
that particular investment.
(20:54):
Yeah, ask their questions.
Do their due diligence right?
Make sure you this is justbecause you invest passively
doesn't mean that you'reabdicated of all, like reading
all the financial literature oranything like that.
Do your due diligence, ask yourquestions, make sure you fully
understand what you're gettinginto.
Because, like even investing ina house, investing in a passive
(21:17):
asset it's illiquid, right?
You're not going to be able tosell it on a secondary market or
sell your shares like the nextday, should you decide you want
out of it, right, like, and thenand then, once you you're,
you'll write your check, you'llbe invested in a deal and then
you um will receive monthly, um,you know, monthly or quarterly
(21:38):
communication, depending on theasset, quarterly financials and
the end of the year, K1.
And you're just keeping tabs ofwhat the asset is doing.
If we have any questions of you, like we have, we're constantly
reaching out to our investorsto, you know, update their tax
status, all that type ofdocumentation every year.
You know if the asset goes tosell, we'll ask them if they you
(22:00):
know how they want toparticipate moving forward.
Do they want to do a 1031exchange with us or do they want
to sell their shares outright?
So it's really hands-off For apassive investor.
All the work is up front.
It's much like buying your ownsingle family house, your own
multifamily property.
You're going to do a lot ofwork making sure that this is
(22:23):
the right investment.
You're going to do a lot ofwork making sure that this is
the right investment, but nowsomebody else is doing taking
care of the day to dayoperations for you.
Dwan Bent-Twyford (22:30):
Yeah, I love that.
I remember.
So my dad is 86 and my stepmomunfortunately she passed away
two years ago she was 84.
But I remember back in likewe've have been like the 8, 9,
10, like the housing crash.
They both retired basically at60.
And they called me up I don'tknow, maybe they were late 60s
(22:55):
or 70-ish and you know theyretired from like factories and
places where all your money islike in the stocks and they're
like you know, we went througheverything and we're going to
run out of money in like twoyears.
I'm like what do you mean?
You're going to run out ofmoney.
Well, the market's gone andwe've lost this much and this
much.
You know all the things and Iwas like okay.
(23:17):
So at that point I was like youknow what, why don't you guys?
Because they're pretty active.
Because they're pretty activeso once you guys get a couple
rentals over in town andsomething you can putter around
on and take care of stuff likethat.
But I think and and they werehappy to do that because they
both, you know, were retired andI think sometimes, unless
you're traveling or busy everyminute, you might find yourself
a little bit bored and likelooking for some things to do.
(23:39):
So they bought I don't know.
I think they bought boughtseven or eight rentals, because
they paid cash for everything.
They had plenty of money.
And then a couple of yearslater they're like oh yes, we're
so wise with our money, webought all these rentals and now
we have this huge amount ofmoney coming in.
I was like, excuse me, like twoyears ago you guys were running
(24:01):
out of money.
Two years ago you guys wererunning out of money, but at
that stage they were still ableto take care of things and fix
things and they enjoyed doingthat.
But now they're.
You know, my dad's 86.
Now he's like he's willing toinvest in stuff.
He doesn't want to have totouch anything.
So, like what you had, there'sso many and all his buddies, my
aunt's 97, like all of them.
(24:22):
They're all like oh yeah, we'dlike to make more money, but we
don't want to do anythinganymore.
So someone came to you likethat what's their minimum
investment?
Whitney Elkins - Hutton (24:30):
It depends on the asset that they
would be going into, but $75,000would probably be the start for
, like, a multifamily investment.
If it's a portfolio of assetslike our self-storage or our
express car washes, generallyour minimums are $100,000.
Okay, I know this is beingpublished, but this is for my
(24:51):
general listener.
If you're sitting there kind oflike choking a little bit on
your drink of choice, going, ooh, that's a lot of money, I was
thinking that was not much Right, well, but I mean like.
Or if you just you've got a newoperator and you want to like
maybe write a smaller check,always just ask the operator if
they would take a little bit,you know like.
(25:12):
You know maybe like 50K orsomething like that.
You know different operatorshave different minimums but you
know, for us it's 75 to 100Kbecause we work with that
accredited investor and thataccredited investor generally
has, you know, more cash sittingon the sideline than somebody
who is just starting out ontheir wealth building journey.
Dwan Bent-Twyford (25:32):
Oh, when you said that, I was like, wow,
that's really great, right?
Yeah, I just like saying thatbecause you know, oh my.
God, that's a lot of money, butnot, not, really Not if it's in
a big fund like that.
Whitney Elkins - Hutton (25:45):
Yeah Well, and you're buying shares
into a business that owns thereal estate.
So you know a 75K check isprobably a minimum investment
for an $80 million project.
So you know, if you're everdriving around your town and
you're kind of wondering likewho owns these?
Like you know 100, 200, 300unit apartment complexes, it's
(26:07):
groups like us, it's groupsexactly.
Dwan Bent-Twyford (26:10):
I tell people all the time I'm like you know
they see like a building oranything for sales like, but you
probably know a person like meor they would could meet a
person like you and find outlike who's involved in that.
And it's really surprisinglyeasy to get into things if
people just yeah, groups likethat like, instead of thinking
like oh, it must be somethinggiant corporation I could never
(26:33):
get in contact with, it's likewell, here's whitney, right here
, you know, and I think accessis easier than people think they
assume.
To do things like that you needlike some giant um person or a
connection, and not like there'scompanies like literally
sitting there looking for peopleto put money into things well,
(26:54):
this is a relatively newindustry.
Whitney Elkins - Hutton (26:56):
Like you know, in 2012 there was a
shift that allowed these type ofinvestments to be open to more
retail, like investors.
Otherwise, before then andsomebody's sitting here going
like 20, 30 years ago I neverheard of this, probably because
you had to be in connection witha family office, some sort of
private investment group or ahedge fund in order to be
(27:18):
connected to that type of asset.
But that's changed to that typeof set.
But that that that's changed.
You know, really it's given umthe um, the average person the
ability to diversify away fromwall street to main street.
So you, when you invest in aproject, multifamily,
self-storage, express, carwashes, even real estate debt
(27:39):
fund you're impacting localcommunities.
Your money's not going off tosome big like hedge fund group,
blackrock or whatever Like.
You actually can drive by andsee the change that is happening
on these local communities andwhat you are doing to affect
that neighborhood, and it'sreally positive.
Dwan Bent-Twyford (27:57):
It is.
I think that's exactly right.
People think it's like you haveto know a hedge fund or
something and I don't thinkenough people realize now that
like a regular person can getinto big projects.
Yeah.
Whitney Elkins - Hutton (28:09):
And here's the thing is, on a large
whole, most operators cannotadvertise.
Dwan Bent-Twyford (28:16):
Well, I do know that.
You know I forgot to say that.
Thank you for bringing that up.
So everybody listening theycan't advertise, but I can tell
you you should go check her outbecause it would be an amazing
thing.
That's why I forgot you can'tadvertise.
That's why I think enoughpeople don't know about it.
Whitney Elkins - Hutton (28:33):
Yeah, so now we have Regulation 506C
and so that's why we work withaccredited investors, because
under Regulation 506C I knowthis sounds like the tax code,
it's the Security and ExchangeCommission regulations we can
advertise our projects.
So you can find larger groupslike us.
(28:54):
If you know what to Google for,if you know what to look for,
you can find us at real estateconferences like Best Ever
Conference and other largeconferences.
We show up there, like BestEver Conference and other large
conferences we show up there.
But, like some of the smallergroups, it's going to be a
little difficult.
Like you're going to have toget connected into a local RIA
or a local investment group.
(29:15):
You're going to have to networkwith other investors and, quite
frankly, networking with otherinvestors is such an amazing way
to find these type ofinvestments.
Dwan Bent-Twyford (29:24):
It is.
We own a ria in denver calledcolorado ria and that's why,
when you said boulder, I waslike wait, hold on.
But uh, I know the people.
The girl that runs the umcolorado springs, her name is
dwan.
What it was like dwan, liked-w-a-N.
She's like yeah.
And I was like it's notpossible, two Dwans in Colorado,
(29:47):
that both on Ria's.
I've never even met a Dwan.
And so when you said that, Iwas saying oh wait, no, but
you're in Boulder, is there aREIA in Boulder?
Whitney Elkins - Hutton (29:55):
I believe.
Dwan Bent-Twyford (29:56):
Yes, I'm not a part of it, but yeah, I
believe there is that's up toyou all the time go to
conferences, go to Ria's, watchpodcasts like everything you
need is available.
You just have to go and find it.
So now, what is what's thebiggest goal?
What is the big goal thatyou're working on right now, and
how can the people atDwanderful help you reach that
(30:16):
goal?
Whitney Elkins - Hutton (30:16):
Whitney , oh my gosh.
Yeah, I mean, I think for us isthat we're looking to, you know
, double and triple our debtfund, and so that's
professionally, you know.
So we're looking to reallyexpand our reach.
You know, with the Fed raisinginterest rates the way they've
done, and kind of bank moneysomewhat, you know, evaporating,
this has left a lot ofborrowers in a lurch.
(30:41):
And so, you know, with our debtfund, we fund a fix and flip
fund to keep these borrowers ina lurch.
And so, you know, with our debtfund, we fund a fix and flip
fund to keep these borrowersrevitalizing communities like in
South Carolina and NorthCarolina.
And we want to expand thatreach into other states, like we
have a foothold into Atlantaand Tennessee.
We're actually licensed inmajority of the United States.
We just haven't expanded thatfoothold yet expanded our team.
(31:02):
So that is a huge undertakingfor us to increase our reach
there.
All right, so everyone the.
Dwan Bent-Twyford (31:14):
They want money from you to invest, for
you to make money, and they havea fix and flip fund.
So it's like what more couldanybody want return, return on
that investment?
Now I'm gonna, so we're gonnajump topics for a minute.
So tell me, what is your uhfavorite band of all time?
Whitney Elkins - Hutton (31:33):
dave matthews band hands down dave
matthews.
Dwan Bent-Twyford (31:36):
I love dave matthews.
I forgot about them.
I always like to ask peoplequestions about like music and
stuff, because I feel like youcan kind of get a vibe for what
a person is or what they like tolisten to you wouldn't know
that because if you came intoour house, like everything looks
like the Grateful Dead.
Whitney Elkins - Hutton (31:52):
My daughter's named that for a
Grateful Dead, so you wouldn'tknow that about me if you came
in our house.
But that's mostly that's oneband.
Dwan Bent-Twyford (32:00):
I regret that I did not see it in person.
I know um, so in boulder I'veseen like a million concerts and
I was like, oh, I totally wouldhave loved to have gone to.
Whitney Elkins - Hutton (32:13):
A grateful dead yeah, um dead and
co.
So the kind of second evolutionof the um grateful dead, uh
they.
Up until last year they playedat the wholesome field stadium
which is a mile from our house.
So we went to every and theydid.
That run for like six, sevenyears and we went.
Dwan Bent-Twyford (32:34):
I love it.
I know Steve Matthews band.
That's awesome.
I haven't thought about themfor a while, so I'm always
curious what do you like to eat?
What's your favorite thing toeat?
Whitney Elkins - Hutton (32:43):
My favorite thing to eat that I
don't eat is cheese.
So I love cheese, but I I have.
I have some uh uh uh athleticgoals, and so I have cheese
after I run my races.
So Mother's.
Day is gonna be fun.
Have cheese for the day, whatup, and kind of tackling the day
(33:14):
.
By the end of the day I I'mready to.
By six, seven o'clock, I wantto be on the couch and just
relaxing, um, you know, doingwhatever I need to do to kind of
fill my cup, but I I love bothaspects of it.
Dwan Bent-Twyford (33:25):
Whatever I need to do to kind of fill my
cup, but I love both aspects ofit and people always complain
about when it's the winter, thestandard time or the savings or
whatever it is, when it's in thefall.
But we live in Bailey, up inthe mountains, so it gets dark
at five o'clock and people arelike it's dark at five o'clock
(33:46):
but at our house we're at 9,000feet and we're in the dead of
the mountains and every nightand that time of year we light a
fire.
Every night at five we likehave some wine, we watch TV.
It's like, oh, this is the besttime.
And I hear people all aroundthe country they're complaining
it's dark on my way home fromwork.
But yeah, if you live where weare, it it's so beautiful that
time of day, yeah.
Whitney Elkins - Hutton (34:05):
We actually, we will actually, for
the month of December, usuallytake off and go to Sedona so we
have longer days.
Yes, kind of you know so, butto get more sunshine for that
very reason.
Yeah, because we live inBoulder, we get the cast of the
shadow of the mountains so itcan get dark.
Oh, you do, yeah, like 430.
Dwan Bent-Twyford (34:26):
Oh yeah, the mountains, so it can get dark.
Oh you do, yeah, like 4 30.
Oh yeah, no, I, I'm a sun.
Firstly, I'm a sun lover.
It's like if I can be at thebeach and the sun's up all day,
I'll just stay outside for 15hours, I don't need to go in.
I do like the winters when I'min colorado.
If I'm any place else, I'm like, oh, why is it dark so early?
But in the mountains it's niceto light a fire.
It's like, oh, this is so cozybecause in the summer, you know,
I feel like it's nice to lighta fire.
It's like, oh, this is so cozyBecause in the summer, you know,
I feel like it's daylight tillnine.
(34:47):
I can't go and just like lighta fire, it's still daylight
outside.
Right.
I mean you know doing thatafter dark, so it's funny.
Okay, so people to reach you.
Tell them one more time I wanteverything in the show knows how
do people reach you again.
Yeah.
Whitney Elkins - Hutton (35:05):
If you're looking for one-on-one
help to scale your financialposition and become that
unstoppable investor, you canreach me at ashwealthcom, a-s-h,
wealthcom.
I have a free quiz on there tohelp you understand what might
be playing into a roadblock foryou to achieve your goals.
And then if you're looking toplace those passive investments,
(35:26):
if you're ready to invest orwant to learn more about that,
check me out atPassiveInvestingWithWhitneycom.
Dwan Bent-Twyford (35:34):
I love it.
Very easy, easy to find.
So I have a couple morequestions.
So first, I just want to thankyou all for being on joining and
listening to the podcast today.
I am a really big fan ofsyndications and things where
you can place your money withpeople that already have learned
how to do it and, as you know,I spent a lot of time teaching
(35:55):
all of you because I mean, ifthere was a bonehead mistake
ever to be made, I feel 100%certain I made all of them, and
so it's so much better to workwith someone.
Like you said, I like thedecade into days.
Oh, that is so true.
I tell people, listen, I havethree decades of knowledge and
(36:15):
if you just work with me, I cancut you right to where I'm at.
You don't need to go throughall of the ups and downs and
things of investing, all of theups and downs and things of
investing.
So, again, I want you to reachout to DwanDurful
D-W-A-N-D-E-R-F-U-L.
Dwandurfulcom and I've got somefree eBooks for you.
(36:36):
And again, if you like the showor you're watching this on
YouTube, click the subscribebutton.
Give me a five star.
Share this Like you.
Don't need to keep it likesecret agent.
Share this, share it with otherpeople.
Let other people know that Ihave a great podcast and I have
amazing guests and I really Ijust love, I love everything
(36:57):
about you.
Like you're from Colorado.
I can just see you like beinglike that kind of hippie girl in
the mountains and running andhiking and just like really
loving where you're at in life.
All right, you nailed it.
Yeah, no, I totally see that.
I love that.
I like people that are like asthey go along, they're like true
to themselves too did the plaidgive me away?
Whitney Elkins - Hutton (37:19):
is that what gave me away?
Dwan Bent-Twyford (37:21):
a little bit.
But now, just when youespecially said grateful dad is
like I totally get this girl 100.
I like the kind of music peoplelisten to because you can tell
a lot.
It's like, oh, I see, yeah.
But actually now that you saidthat, I was like, oh, that is
plaid, it looks good on your, onyour with your skin and
everything Okay.
So now the biggest challenge ofthe day is I want you to give
(37:42):
us a parting word of wisdom, butit can actually only be one
word Resourcefulness.
Oh, that was fast.
Whitney Elkins - Hutton (37:53):
I think it's the one thing that keeps
resourcefulness yeah.
Dwan Bent-Twyford (38:00):
So hang on.
So the people that listen toDwarven, you know that we have a
word of the week.
So a word of the week isresourcefulness.
So now I want you to tell mewhat that means to you.
So when people are thinkingabout the word, that's our word
we're going to put it on asticker and put it on a mirror
resourcefulness.
What does that mean to Whitney?
Whitney Elkins - Hutton (38:28):
People are stuck in an obstacle or
wondering you know, I can't, youknow, you know.
If you switch that to, how canI?
Now your brain is starting totap into all those things that
innate knowledge you have.
So it's never about I can'tbecause I don't have enough
resources, I don't have enoughmoney, I don't have enough time.
It's about resourcefulness.
How can you find it?
So it's the mindset shift,because you don't have to have
(38:49):
everything in order to achieveyour goals.
Do you need somebody that hasthe money?
Do you need somebody?
Do you need a who on your teamthat has the time to do X, y and
Z?
Do you need somebody on yourteam that has the skill?
Do you need to get a mentor,like we've been talking about so
much here, to help you collapsedecades into days, right?
Dwan Bent-Twyford (39:08):
so resourcefulness I see now I
that's what I would think.
That is like figuring out howto make it happen when you don't
know.
That's what I would think thatword resourcefulness would mean
to me and that is really iteveryone.
I mean, you know you go toconferences and stuff.
Everyone's like, oh, I have toget an llc and I have to borrow
(39:28):
money and I'm trying to get mycredit straightened down.
I don't know what to do and I'mreading books and watching
videos and I'm going to jumpinto something.
It's like, oh, I hear peopletalk like that.
I'm just like, oh, you justdon't know.
Like, just for the love of God,follow somebody that's already
(39:50):
doing whatever it is you wantand figure it out and just let
somebody else help you.
That's already been there.
And especially when, for peoplethat have aunts and uncles and
parents and things like thatthat are, you know, in like the
boomer age, they have so muchmoney like you could just talk
to half the people in yourfamily and like, hey, let's all
invest over here with Whitneyand let's get into the Ashwell,
then let's do this and that, andpeople, just there's just
(40:11):
buckets of money sitting aroundthat people don't realize how
much.
Very true, very, very true.
Just like buckets of it.
And I like I'm all for thesyndication.
I feel like it's a really goodway for people that either want
to be involved or don't want tobe involved.
There's a place to put yourmoney where it's it's safe,
because, like you can't trustthe stock market and crypto's,
(40:34):
like you know, it's all over themap.
It's like here and there andeverywhere, and you know all the
people that the mostmillionaires are made every year
through real estate investing.
So still today, since today,since the beginning of our
country, there's always moremillionaires through real estate
than any asset group all puttogether.
So it's like I don't know whypeople just stay in the lane,
(40:55):
get involved in investing, justfind out what you like and do
that.
Whitney Elkins - Hutton (40:59):
No, absolutely, and it doesn't
require a degree, right.
So that's an amazing thing too.
It's attainable for anybody,literally anybody, if you're
resourceful enough.
Dwan Bent-Twyford (41:12):
Yeah, resourceful.
I love resourcefulness.
That's a super great word Ilove.
I like what it means.
I like what it means to you,All right, everyone.
So again.
So, Whitney, first of all, Ijust want to thank you for
spending time with me today andyou know I realized that time is
our all of of us.
It's our most valuable assetand you know, when you do
something for an hour like you,can't get that time back.
So I appreciate you spendingthe time with us today and
(41:34):
everyone that's listening.
I appreciate you all spendingthe time with us as well.
And again, like and subscribeand follow.
Find whitney.
Find her on linkedin.
Go to ashwaltcom passiveinvesting with Investing with
Whitney right,Passiveinvestingwithwhitneycom
yes, and find out.
You know you may have money orskills or more access to things
(41:56):
than you think that you do andyou're sitting on money that
could be making you money andthat never gets anybody ahead
ever.
So you got to turn that moneyinto something else, and I love
decades into days.
They can learn from you and cutdecades off of their learning
curve yeah, bring it on, let'sdo it all right.
(42:18):
So listen, if I ever hear of anygrateful dead groups going
about or you do you have to textme and I will come over to
boulder and go to like something.
I saw fish one time.
I was like, oh, I've died andgone to heaven here.
I never, ever, got to seeGrateful Dead.
I was like that's a one band Iregret never having gone to see.
So when they have somethinglike that happening around
Boulder, you're going to have totext me.
(42:38):
All right, you're on, I'll comeand be like your, uh, your
hippie friend up in themountains.
Your hair is already blendingin.
There you go, I'm already likeI've got that part going on, so
I could be like a mermaid.
All right, honey.
Well, listen, thank you, Iappreciate your time, everyone.
We'll see you next week, samebat time, same bat channel.
(42:59):
And remember that the truth isin the red letters.
Ciao, goodbye, everybody.
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