Invest in Real Estate to BUILD a College Fund!
Posted by Merrill Jencks on Monday, November 28, 2022 at 10:45 AM
By Merrill Jencks / November 28, 2022
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Invest in Real Estate to BUILD a College Fund!
If you are worried about saving for your kid's college expenses, your financial advisors might recommend something like a 529 account where you get some tax benefits for contributing money to that. I'd like to offer what I think is a vastly superior solution and that would be when you have really young kids to purchase an inexpensive investment property for them. Get the payments all covered by the renters that you're going to be renting the house to for the next 18 years and by 18 years from now you're going to have so much cash flow on that property plus the value of the property will be so much higher than what it's worth it should easily be able to either sell it, leverage some of the equity to be able to help pay for the college or just keep it and gift the home to your kids once they finish their college as a graduation present and to start building their own Investment portfolio. Typically, you're going to see real estate is going to vastly outperform these over a long 18-year period college savings account. So look at that it's a possible option to consider investing in real estate.
What does this mean to you? If you're even a little bit interested in learning more about participating in the Phoenix housing market as a seller, buyer, or investor... you NEED to know this stuff! Or at least work with someone who is obsessed with the market stats. Reach out to me today so we can start working on making your real estate dreams a reality!
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