Buy a house to pay for college?!?

Interesting idea, but aren't the start-up costs a bit restrictive with today's cost of education? Making the down payment, closing and repair costs, that seems to be a long way around paying for room without the board.

The post-grad sales aspect is interesting though.

Over the years I have done many mortgages for clients that puchase a multi-family, where a child goes to college. It is a great was to make money for the child.

They had a story like this on HGTV House Hunters once.  Sounds like a good idea to me (exept for the part about putting it in the kids name!).

We call them Kiddie Kondos and they are truly the way to go.

Great concept.  I have numerours friends that purchased homes for kids who were attending college.  Several of them were also able to have roomates and collect rent for extra income.  Education can occur outside the classroom.

Great Idea! Thanks for sharing I will for sure be passing on the idea to some of my REALTOR friends and clients!