Real Estate for Kids: How to Buy a House in College (Parent Guide) – with Amelia Misenheimer

Should parents buy investment properties for their kids, or sell properties to them?

In this episode of FI for Kids, host Dominic DeLaquil speaks with real estate investor and coach Amelia Misenheimer about growing up in an entrepreneurial family and how those lessons shaped her path to financial freedom.

Amelia shares a heartbreaking but powerful story about collecting rent as a child (the "Go-Kart" story) that taught her the difference between having "stuff" and having security. We also dive deep into advanced strategies for young adults, including how parents can act as the bank to help their college-aged kids house hack and build equity early.

In this episode, we cover:

· Money Memories: Growing up in a mobile home dealership and learning to negotiate.

· The "Go-Kart" Story: A powerful lesson on prioritizing bills over toys.

· Tactile Money: Why kids need to physically handle cash and write checks.

· Real Estate for Young Adults: How to structure a "Real Estate Contract" to sell a home to your child.

· 3D Investing: Managing rentals overseas as a military spouse.

Whether you want to help your child buy their first home or just want to teach them to be money smart, this conversation is full of unique insights.

Timestamps:

· 00:00 Intro: Growing up in a business family

· 01:21 The "Go-Kart" Story: A lesson on values & rent

· 05:57 Why kids need to write checks & handle cash

· 11:23 Money doesn't have to be serious (The "Tool" Mindset)

· 23:32 The Nail Salon Story: Learning from overdrafts

· 26:18 Real Estate for College Kids (House Hacking)

· 35:12 How Parents Can Be the Bank (Real Estate Contracts)

· 38:45 "3D Investing": Real Estate as a Military Spouse

· 41:58 Designing your own Financial Freedom plan

Connect with Amelia Misenheimer: https://www.ameliamisenheimer.com

Episode links:

https://dominicdelaquil.com

https://fiforkids.com

Music: Douglas Cameron: https://www.reverbnation.com/douglascameron

The Zoo Human Project: https://open.spotify.com/artist/2kNCM6z0SHjdumOldVWLOc?si=pSnGVAAFRUaJ0xmcGYG7VA

#RealEstateInvesting #MoneySmart #FinancialFreedom #ParentingTips #HouseHacking #MilitaryMoney #RealEstateForBeginners #FIforKids

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