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Real Estate
The Real Estate Adviser |
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September 7, 2006
A college rental need not be 'Animal House'
By TOM KELLY
Special to the Journal
Special to the Journal
The number of homes purchased as second residences and rentals continues to be a big part of the total housing picture. For parents of students headed off to college, back-to-school often means shopping for clothes and off-campus shelter.
In a recent column, we addressed the possibility of researching homes in a college town as an alternative to dormitory living. For a tax standpoint, the arrangement could either be a second home or an investment property. Typically, the student manages the rental investment while mom and dad reap the tax benefits and appreciation that come from owning a rental home.
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Previous columns:
- College-town rentals can be good purchase, 08-31-2006
- The Real Estate Advisor: Honduras gains fans as second-home spot, 08-24-2006
- The Real Estate Adviser: Condos can be a good buy but they take more research, 08-17-2006
- The Real Estate Adviser: Reverse mortgages get more attractive, 08-03-2006
- The Real Estate Adviser: Location, location ... and a hot tub, 07-27-2006
- The Real Estate Adviser: Second home buyers willing to drive or fly, 07-20-2006
- The Real Estate Adviser: IRAs give you options for buying real estate, 07-13-2006
- The Real Estate Adviser: You can buy foreign property with an IRA, 07-06-2006