Do You have a Plan for your Childs College Education

I was recently talking with some newbie parents about their plans for their child's college education since two of my children are currently enrolled in two separate universities. The discussion centered on the expense of sending a kid to college today and what that expense might be when their kids go to college. Well, let me tell you, it's expense to send two kids to school, let alone one. And with the way the world is going who knows what funds will be available when their kids reach college age. One area of expertise I have is real estate and if there's one thing I know how to do well it's make money on real estate as an investment, is what I told these newbie parents. You can't rely on CD's, the stock market or the lottery I said. But, you can buy real estate and utilize it as a vehicle to pay for your child's education. How, well, provided your children are young enough, you buy a small house, duplex, or multi-family, amortize the loan over 15-20 years, and when the child is is old enough to go to college, the real estate investment will have almost be paid off, plus, it will have appreciated significantly in value from wen you first purchased it. I know some people who bought these types of investments, one for each kid. And as I have said before, historically (what else do you have to go on but history) these values have increased in value while the debt has decreased. But, you have to be responsible about it-make a plan and follow that plan. This means, when things start going well you don't sell it or you don't borrow more money against it. You buy it, maintain it, and you pay the loan off within the initial desired time frame. Right now, in Green Bay, Wisconsin, there remains a healthy supply of these investments, from multi family to duplex type properties, and the market value of these is rock bottom right now. Although lenders scrutinize these more than owner occupied properties there remains a healthy supply of money available to lend on these. So, if you or someone you know is a newbie parent and wants their child to go to college, do them a favor and tell recommend to consider real estate as an investment in the child's future. Who knows, they might like it so much they build their own little nest egg along the way.  For more information on investment real estate email Mark at Mark@MarkHilgenberg.com.