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BiggerPockets Daily
6 Creative Ways to Cover Your Kids’ College Costs with Real Estate
Dec 25, 2024
Brian Davis, a real estate expert, shares his insights on innovative ways to cover college tuition costs through real estate investment. He discusses the alarming rise in college expenses and presents six creative strategies, such as leveraging rental income and property appreciation. Topics include using the BRRRR strategy, flipping houses, and even involving family in these investments. Davis emphasizes the potential of mortgage options and Roth IRAs in funding education, providing listeners with actionable tips to secure their children's future.
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Quick takeaways
- Investing in rental properties from a child's birth can significantly build equity to cover rising college tuition costs over time.
- Engaging teenagers in real estate activities like flipping houses not only aids with college expenses but also teaches essential life skills.
Deep dives
Leveraging Rental Properties for Tuition
Investing in rental properties can provide a substantial way to cover children's college costs. By purchasing a rental property when a child is born, one can build equity over time, potentially accumulating significant funds by the time college arrives. For instance, with an initial investment of $60,000 on a $360,000 property, assuming a 4% appreciation rate, the equity could exceed $554,000 in 18 years. This approach allows rental income to contribute toward tuition payments while the property's value appreciates, providing a dual benefit of income and investment growth.
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