College Tuition paying for itself??
If you are a new parent or a new grandparent and are already worried about paying the steep prices of college tuition or how to best invest in the future of a child, this may be the answer for you. Parents and Grandparents across the country are investing in real estate as a way to pay for or fund their child/grandchild's education and provide them an important boost into adulthood.
Here is how real estate investing can help your child's future. First you or a grandparent buy a rental property for each child in your family when they are young. You take out a 15 year note and charge enough rent that covers your expenses and management and possibly a little extra. By the time they are 18, that property is paid off and already producing a very nice monthly income.
Once your child reaches adulthood you have several choices. You can continue renting the property so your child has a great monthly income. You might sell the property (since it is paid off) and use that money for college tuition or a career start up. It may be best for you to hold the house until they are ready to buy a home of their own and then sell it for their down payment. Or you may need to let your child live in the home for free and not have any payments during their college years.
Anyway you look at it, these are great scenarios. This is a college tuition solution that literally pays for itself and provides such huge benefits. Plus, as you enter the world of investing you will find that you will increase your personal wealth and add to your portfolio so that you will be able to help others and live a bigger and better life in the process.
If you would like to look further into the option of real estate as a alternative to college loans please contact The Grogan Group. We can help you find homes that are solid investment choices and show you different options for financing.
Kimberly Grogan
The Grogan Group
www.thegrogangroup.com
682-422-7176
grogangroup1@gmail.com
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