Your child has just been
accepted into college. When you look at the room and board fees, you nearly go
into shock! If the school is located in a large metropolitan area, there is an
alternative to the college dormitory.
Many parents are investing in condominiums or
single family homes near the college campus. They rent the house to their
children and one or more roommates. When their son or daughter graduates, they
sell the property. The anticipated property's appreciation may go a long way
toward helping to finance their college costs. Many prospective students and
parents sit down with a local Realtor after being accepted into college. I can
provide information about neighborhoods near the school, properties that are for
sale, and the amount of rent you can expect to receive from the property.