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Pay For College Education!
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| DID YOU KNOW that by property buying investment real estate, you can pay for your child's college education? With rising tuition costs, it makes perfect sense to buy one property for each child you think may want to go to college. By the time the college tuition is due, the property will be paid off and you can sell it to fund college. And unlike some 527 college saving plans, if your child decides not to go to college, you can do anything you want with the cash that accumulates. Here are some of the benefits of owning investment real estate: 1. Appreciation: Properties in our market area have traditionally doubled in value every 10 years and there is no reason to doubt that they will continue to do so. 2. Tax Deductions: The interest paid, property taxes, and all expenses associated with the property are tax deductible while the property is being used as a rental 3. Depreciation: This is a "paper" adjustment that in theory says that as every year passes and the property ages, you can take a specific dollar amount as a depreciation and use it to offset taxes that would be due. 4. Someone Else Pays For It: As long as the property is rented, and the rent exceeds the monhly payments, the tenant will, in essence, be paying for the property for you. The key to doing this is very simple yet it needs to be set up correctly. If you are interested in funding a college education, please feel free to call Jerry Strusowski, Broker at 302-234-7653. I will be happy to meet with you and explain the program in detail. |
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