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Real Estate
The Real Estate Adviser |
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September 26, 2002
Off-campus rentals can be winners
By TOM KELLY
The Real Estate Advisor
The Real Estate Advisor
A few weeks ago, we addressed the possibility of a purchasing a college town rental home where your child would be attending school.
That scenario, which hinges on the ability of the child to play the roll of landlord – recruiting able renters, documenting expenses – typically is not for an immature freshman whom has no business living off campus. It can work very well, however, if the parents can swing the down payment and youngster is mature – knowing full well the damage uninvited partyers can render on a cute, little rental.
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Previous columns:
- Creative ways to help kids buy homes, 09-19-2002
- Boomers hold the key to housing's future, 09-12-2002
- Moving mom triggers remodeling questions, 09-05-2002
- Take care when selling long-held property, 08-29-2002
- Your kid as a landlord?, 08-22-2002
- Where's the support for aging agents?, 08-15-2002
- Florida's mansions are protected from creditors, 08-08-2002
- So why haven't rates on mortgages risen yet?, 08-01-2002