I would think only if they are generating income LOL

My plan is to have a couple of grandkids go to college on my rental property.

Several rental properties helped to pay my way through college and law school.

My girl has 3 rentals and 4 kids, she need to buy one more

Michael,

Yes, and one of our clients sold the same house 5 times at different time intervals.  She refers to that house as the home that sent her son to Harvard and then to Harvard Law School, and her daughter to college.  Different ways for different folks.  A

I know several. And a number of parents who bought condos for their kids to live in while at college and then uses as rentals afterwards

Yes, I did that for my kids.  I am hoping my kids don't have to take student loan so they can enjoy their lives not thinking about debts.

I find that you normally need two to make this work but many buy investments from me becasue of this.

Rental income can be used for lots of things.  

It would depend on the particular rental property.

Yes, it is a good plan!

It beats social security and pensions too a good rental property does

Yes, I know a few.

and it helps with retirement, too!!!!!!

Yes, I have assisted many people purchase rental property for this purpose. It does work.

This is a great  business model and why I got into real estate.  We have enough passive income to pay our house payment and utilities.  

It has become such a blessing.  I became passionate about helping others escape the false secutity of the start market.  That passion is responsible for my initial blogs.

I worked with members of an extended family who bought small apartments in the popular neighborhood near George Washington University instead of paying dorm fees or rent.  And after seven years of undergrad and med school, the appreciation pretty much covered the exorbitant tuition.   

I imagine it would and know many people that put their kids in a rental property they own to save the rent or boarding costs. 

I know someone that has this set up for his grandkids. 

Yes I know a lot of folks who have done this and we have lots of clients who specifically bought investments for this reason over the years.

Needs to generate some serious income.

Depends on the rental, and how handy the college kid is.

NO, but I have had families buy a house for the kids to live in close to campus instead of living in the dorm.

Yes, I know of 6 kids that have had college paid by their parents' rental income.

It's a brilliant and smart way to go!  My wife and I have bought 2 investment properties for our 2 boys' college funds.  We are 6 and 8 years out respectively, and already the equity is adding up.  How about you Michael--you state you know someone too---is it you or a client?  What was their experience?

Not our business. How our clients spend their net rental income is not our business. We can see this as one of the many positive investments however if the degree is engineering.

College or no college, it is great to own rental properties,especially if you  bought them awhile ago. 

I have had friends purchase a home in the college town where their children were going to school. They were at least able to have the rest of the roomates help pay for the living expenses.  As soon as 1 kid left, the other went so they not only had a place for them and roomates but 8 yrs of appreciation too!

I have 3 rentals and zero kids.  Looking to get two more rentals this year, if not more.  Allowed me to retire from the corporate life at 36.

Trick for most people is getting to the point where they qualify to buy a rental property.

I don't. And I've just sold two homes for clients that were rental properties that were so trashed the cost to rehab both of those was like a full year in college for two kids... 

No.

I don't see how this is possible unless you own the rental outright

Yes. Thanks for link to your recent post Michael J. Perry 

The money can be used for lots of things - extra income, retirement savings, education, investing in a business, having more to invest in stock market.  Or just more spending income or combo.  It's up to the person.

No but our investment properties are a big part of my financial future.