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Have you looked into the Price of Dorm Rooms??
If you have a child who’s getting ready to head off to Oklahoma Baptist University, Oklahoma Christian University, Oklahoma City Community College, Oklahoma City University, Oklahoma State University – Oklahoma City, Redlands Community College, Rose State College, Southern Nazarene University, University of Central Oklahoma or University of Oklahoma, I’m sure you have been pricing dorms. However, have you thought about investing in your child’s future other than just paying for their college tuition?
How about purchasing a condo for them to live in the two to four years or more of college life? You save on paying rental on a dorm room, and if there are several bedrooms, you may be able to help offset the cost of living in a college town. Many parents have made a tidy sum purchasing a condo for their kid(s). You can sell the condo after graduation or continue to collect income renting to other students.
There are tax advantages to owning a condo during your child/ren’s college careers. Since your child/ren will have to pay rent either for a dorm room or a different apartment, according to SmartMoney.com, “You can give your kid up to $13,000 annually without any adverse federal tax consequences. If ... more

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