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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Rental Property for College
- Buy a rental property early in your child's life to leverage long-term growth.
- Tenants' rent payments help build equity and cover college costs.
BRRRR for Aggressive Growth
- Use the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy to build wealth aggressively.
- Recycle capital to generate infinite returns by reinvesting profits from each property.
Syndications for Passive Income
- Explore real estate syndications for passive income and potential principal return.
- Consider co-investing clubs to access syndications with smaller amounts.