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