Episode 100 - Generational Wealth and Financial Freedom through Real Estate - With Amelia Misenheimer

The Maeve Ferguson Podcast

Episode 100 - Generational Wealth and Financial Freedom through Real Estate - With Amelia Misenheimer

This week marks our 100th episode, a milestone I never thought possible when I first considered starting this podcast. To celebrate, I've brought in a special guest, Amelia Misenheimer, a real estate investment coach. She's a close friend and an expert in this field, and I'm thrilled to have her on the show. Amelia Misenheimer, an Expert Real Estate Investment coach, joins us today. She specializes in guiding successful individuals who aim to build generational wealth and financial freedom through real estate. Amelia shares her background, mentioning she's been investing in real estate since 2010 and has been a full-time real estate professional since 2011. She enjoys working with successful individuals who want to diversify their investments, build generational wealth, increase passive income, and create a life of financial freedom through real estate. We discuss the key elements of real estate investing, focusing on generational wealth and passive income. We delve into the question of when someone is ready to start in real estate investment, emphasizing that there's never a perfect time – you just need to decide to take that first step. The conversation shifts to the advantages of real estate compared to other investment options. Amelia highlights how real estate typically moves inversely to the stock market, offers substantial appreciation potential over time, and can yield significantly higher returns on initial investments. We explore the initial steps for getting into real estate investing. They stress the importance of defining your "why" – whether it's to fund your children's education, retire early, or build a generational wealth portfolio. The goals you set will influence your approach and timeline in real estate investment. Amelia also mentions the benefits of real estate as a way to pass wealth to the next generation, thanks to various tax advantages and opportunities, making it a unique asset for building generational wealth. They tackle common misconceptions about real estate investing, including the idea that it requires a substantial amount of money to start. Amelia clarifies that it's possible to begin with minimal funds and gradually grow your investments. We discuss the importance of staying focused and not becoming overwhelmed when selecting properties, stressing the significance of defining clear goals and property criteria. Amelia shares a personal story about her first real estate investment, where she overlooked a major issue, leading to significant expenses and a valuable lesson. This experience highlights the importance of thorough due diligence. To take Amelia's Quiz click here To connect with Amelia click here