A Good Way to Purchase Investment Property
Here is an interesting article about options and considerations when purchasing a property for your college student to live in. In addition to helping your kids build a good credit rating early on, you can put them to work for you, and they’ll receive a crash course in home maintenance and being a landlord!
This can be a particularly good way to go if you have a student at Oregon State, as Corvallis real estate is relatively inexpensive, but still has a healthy appreciation forecast. The median price of a home in Corvallis is only $153,000! (Go Beavs!) And remember, if you purchase with the student as a co-owner, you’ll obtain an owner-occupied rate and won’t have to pay capital gains taxes when you sell four (or five or six?) years later.
I wonder if it's too early to send my six-year-old to college…
1 comments:
Hi,
great post, very useful for helping people to make money. Most of property investors make $5,000 to $10,000 or more by flipping houses. These investors buy a home from a distressed seller and resell it quickly for a profit. Many distressed sellers offer excellent houses in perfect condition discounted for a quick sale. Get some great articles for property education.
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