Do you have a high-school son or daughter who is thinking of going to college? Have you considered purchasing a property on or near the campus?
If the property is multi-unit, your child could live in the unit rent-free and act as a property manager. This could be an affordable way to defray the costs of college, while at the same time providing long-term investment opportunities.
Taking responsibility for the maintenance and upkeep of a rental property is an excellent way for your son or daughter to learn common-sense business skills.
College towns are traditionally stable real-estate markets, particularly for rental dwellings. Students, faculty,and the campus personnel all need a place to live.
Does this type of scenarios interest you? I specialize in putting deals like these together and can help identify target properties that meet these unique criteria.