on FrontDoor
- Should I Refinance?Interest rates have crept up, but refinancing may make sense for you.
- Mortgage CalculatorPurchase price, interest rate, taxes and PMI determine your monthly payment.
- Rent Vs. BuyFind out if owning a home will save you money.
Search Homes, Info & Advice
article.aspx
Campus Cribs: Buying Real Estate Property for Your College Student
By Duane Duggan and Shannon Petrie, FrontDoor.com | Published: 7/03/2008
Disposing of Your Rental Property When Your Student is Ready to Move On
When your child has moved on (hopefully graduated), he or she can continue to live in the property, you can keep it as an investment rental or for your next child, or you can exchange it for a piece of investment real estate somewhere else.
For example, one family I worked with purchased a property for their first child who attended and graduated college. They did a 1031 exchange for a property in a different college town where their next child was going to attend school.
<< Detached House vs. Condo/Townhome
I Purchase Worksheet >>
Keywords: home, real estate, buying for a college student, condo, buy vs rent, first time buyer, buy a home
Comments
report inappropriate comments
Facebook
Update Your Status
Your status has been updated
There has been a problem updating your status
-
-