Thursday, November 15, 2007

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…

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5 comments:

Raj said...

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.

Search Engine Marketing said...

Good news for those want to resell oldest house and get benefit from that.

SEO London said...

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Birmingham SEO said...

It does have limited usefulness and there are better ways to determine what kind of deal you're getting on your loan, but it does mean something.

Cheap SEO said...

Wow!!! this is very nice one and gives indepth information. Thanks for this nice article.