Campus Cribs: Buying Real Estate Property for Your College Student...
By Jesse Allen, Real Expert, Real Neighbor, Real Estate
(Jesse Allen Homes)
Owning and Financing the Student Property Talk to your accountant and attorney to determine the ownership method that works best for you. Some parents will buy as owner occupied property; others will treat it 100 percent as a rental property for additional tax benefits. There are many ways of holding title, including creating a Family Limited Liability Company (LLC). Several options are available for financing your student property. FHA "Kiddie Condo" loans. If you want your student to be in title to the property and you want to pay the minimum amount down, using FHA financing is the easiest way to purchase a property. The FHA "Kiddie Condo" loan program helps students qualify for loans by allowing them to co-borrow with a blood relative. Down payments for this type of loan can be as li...
Comments
0