| College is one of the largest expenses | | | | visiting your child. Another perk to |
| through the course of your child's life. | | | | owning rental property is that you are |
| It is also one of the main causes of | | | | allowed a tax deduction twice per year |
| debt in America. With today's rates of | | | | in order to inspect any out-of-town |
| inflation, it is very hard to save for | | | | property. The primary purpose of your |
| an event that will occur eighteen years | | | | trip must be inspection and maintenance |
| down the road. However, capitalistic | | | | of your property. However, visiting your |
| America has provided many ways to send | | | | child may be a secondary purpose. Be |
| your child to college without paying a | | | | sure to document all trips and their |
| single red cent. Below you will discover | | | | purpose.Use the real estate Tax |
| just how easy it is to reach financial | | | | Deductions to generate extra cash.The |
| freedom.Property near college campuses | | | | depreciation deductions you claim each |
| has always been a prime investment | | | | year on your rental property give you |
| arena. Now,it can be the key to funding | | | | immediate cash, which can be used toward |
| your child's education. Three months | | | | college expenses.Finally, your child has |
| before your son or daughter starts | | | | graduated and its time to sell your |
| college, buy a well-maintained home | | | | property. Use the profits from your |
| within two to three miles from campus. | | | | investment to pay off your loans. At 8% |
| When choosing a house, keep the | | | | per year appreciation, the property will |
| following in mind.- Make sure the home | | | | be worth $ 20,000 - $40,000 more at the |
| has at least four bedrooms. This creates | | | | end of four years, depending on the |
| a maximum rental and sell value.- Take | | | | original price.Because housing in |
| out the largest mortgage possible.- | | | | college areas is in very high demand, |
| Furnish the home from second-hand | | | | your property's value should increase |
| stores. (College student's aren't too | | | | substantially. The best and easiest way |
| picky. To find out, ask your nearest | | | | to sell your property is to list it in |
| mother : )Make your son or daughter the | | | | the school and city newspapers with an |
| property manager of your rental | | | | ad that reads : Send your child to |
| property.Making your child the property | | | | college free. Call me for details!" Most |
| manager allows you to reap tax and | | | | likely, you will recieve calls in the |
| business benefits, while also teaching | | | | first day or so. Inform your prospects |
| your student about the business world. | | | | of how rental property can finance their |
| You could easily pay your child a small | | | | child's education. This key strategy |
| stipend to handle the responsibilities | | | | will enable you to pay off any pending |
| of a property manager. These include:* | | | | loans and leave your college student |
| collecting rent* inspecting the property | | | | debt-free! Alli Ross is the webmaster at |
| weekly for cleanliness and damage* | | | | the Baby Names Box - Where you can |
| renting the property when there is a | | | | explore over 6,000 baby names and their |
| vacancy* contracting any repair work | | | | meanings. |
| that is needed* reporting to you on the | | | | Sub-categories include Disney ,J.R. |
| property's financial and physical | | | | Tolkien names, Fantasy and Folklore |
| conditionThe salary you pay your child | | | | names, and many names from the literary |
| for being the property managemer is tax | | | | classics. Read articles ranging from |
| deductible. This deduction can go | | | | parenting and family to home and |
| towards your student's books, supplies, | | | | gardening. Be sure to say hi to |
| or food expenses.Save on gas money when | | | | GranMamma! |