123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Debt >> View Article

Send Your Child To College Free!

Profile Picture
By Author: GranMamma
Total Articles: 7
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

By: GranMamma

College is one of the largest expenses through the course of your child's life. It is also one of the 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 the 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 the 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 the following in mind.

- Make sure the home has at least four bedrooms. This creates a maximum rental and sell value.

- Take out the largest mortgage possible.

- Furnish the home from second-hand stores. (College student's aren't too picky. To find out, ask your nearest mother : )

Make your son or daughter the property manager of your rental ...
... property.

Making your child the property manager allows you to reap tax and business benefits, while also teaching your student about the business world. You could easily pay your child a small stipend to handle the responsibilities of a property manager. These include:

* collecting rent
* inspecting the property weekly for cleanliness and damage
* renting the property when there is a vacancy
* contracting any repair work that is needed
* reporting to you on the property's financial and physical condition

The salary you pay your child for being the property managemer is tax deductible. This deduction can go towards your student's books, supplies, or food expenses.

Save on gas money when visiting your child. Another perk to owning rental property is that you are allowed a tax deduction twice per year in order to inspect any out-of-town property. The primary purpose of your trip must be inspection and maintenance of your property. However, visiting your child may be a secondary purpose. Be sure to document all trips and their purpose.

Use the real estate Tax Deductions to generate extra cash.

The depreciation deductions you claim each year on your rental property give you immediate cash, which can be used toward college expenses.

Finally, your child has graduated and its time to sell your property. Use the profits from your investment to pay off your loans. At 8% per year appreciation, the property will be worth $ 20,000 - $40,000 more at the end of four years, depending on the original price.

Because housing in college areas is in very high demand, your property's value should increase substantially. The best and easiest way to sell your property is to list it in the school and city newspapers with an ad that reads : Send your child to college free. Call me for details! Most likely, you will recieve calls in the first day or so. Inform your prospects of how rental property can finance their child's education. This key strategy will enable you to pay off any pending loans and leave your college student debt-free!
About the author:

GranMamma is the webmaster at http://www.babynamebox.com- Where you can explore over 6,000 baby names and their meanings. Read articles ranging from parenting and family to home and garden or find the perfect recipe. Be sure to say hi to GranMamma!


Total Views: 183Word Count: 633See All articles From Author

Add Comment

Debt Articles

1. How To Choose The Best Elementary School For Your Child In Canada
Author: USCA Academy

2. Why Personal Loans Are The Best Option For Vacation Financing
Author: Brajendra Kumar

3. How To Improve Your Home Loan Eligibility Calculation
Author: Maya

4. How Personal Loans Can Help In Debt Consolidation And Financial Planning
Author: Brajendra Kumar

5. Repayment Options And Plans
Author: Brajendra Kumar

6. Navigating Bad Credit Car Loans In Ottawa: A Comprehensive Guide
Author: Anna Emma

7. Understanding Personal Loan Interest Rates
Author: Brajendra Kumar

8. Dynamics 365 Business Central Online Training | D365 Business Central
Author: Susheelvisualpath

9. Why You Should Review Your Home Loan Periodically?
Author: Tarun Diwedi

10. How Personal Loans Can Help You In Financial Emergencies
Author: Brajendra Kumar

11. Usmle Training Step By Step By Themet World
Author: themet

12. Unlocking The Secrets Of Itin Application: A Comprehensive Guide To Documents, Costs, And Requirements
Author: itin.support

13. 5 Smart Ways To Get Out Of The Debt Trap
Author: Brajendra Kumar

14. Sole Traders And Bounce Back Loans: What To Do When Repayment Seems Impossible
Author: Shira Joseph

15. Hybrid Dynamics: Exploring The Intersection Of Physical And Virtual Experiences
Author: adlerconway

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: