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investment properties: Buying Your Child a House To Live in During College
- 02/25/15 12:04 AM
During my second year at the University of Virginia, I lived in the below house on 14th Street in Charlottesville with 11 other girls. One average, we each paid $300/month in rent. If our landlords’ monthly expenses were low (They weren’t putting much towards the upkeep of the property as you can see below, so they should have been low.), they were making a pretty penny every month on this investment. I also had a few friends in college whose parents decided to purchase a house for them to live in, charge rent to their son’s/daughter’s friends, and make enough to help offset … (5 comments)
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During my second year at the University of Virginia, I lived in the below house on 14th Street in Charlottesville with 11 other girls. One average, we each paid $300/month in rent. If our landlords’ monthly expenses were low (They weren’t putting much towards the upkeep of the property as you can see below, so they should have been low.), they were making a pretty penny every month on this investment. I also had a few friends in college whose parents decided to purchase a house for them to live in, charge rent to their son’s/daughter’s friends, and make enough to help offset … (5 comments)
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