College is one of
largest expenses through course of your child’s life. It is also one of main causes of debt in America. With today’s rates of inflation, it is very hard to save for an event that will occur eighteen years down road. However, capitalistic America has provided many ways to send your child to college without paying a single red cent. Below you will discover just how easy it is to reach financial freedom.Property near college campuses has always been a prime investment arena. Now,it can be key to funding your child’s education. Three months before your son or daughter starts college, buy a well-maintained home within two to three miles from campus. When choosing a house, keep following in mind.
- Make sure home has at least four bedrooms. This creates a maximum rental and sell value.
- Take out largest mortgage possible.
- Furnish home from second-hand stores. (College student’s aren’t too picky. To find out, ask your nearest mother : )
Make your son or daughter property manager of your rental property.
Making your child property manager allows you to reap tax and business benefits, while also teaching your student about business world. You could easily pay your child a small stipend to handle responsibilities of a property manager. These include:
* collecting rent * inspecting property weekly for cleanliness and damage * renting property when there is a vacancy * contracting any repair work that is needed * reporting to you on property’s financial and physical condition
