Buying property for your kids!
One of the many reasons that we decide to become an Entrepreneur and Real Estate Investor is because we want to be able to provide a great future for our children and families. We want to be able to pass something on to the next generation. Many Investors have the idea in mind that long after they are gone, they will be able to leave something to their offspring. Property is about the best gift that someone can leave behind. The recipient can remodel and sell or if selling isn’t the way your family member wants to go, they could always keep the property within the family for years to come.
There are quite a few reasons why buying property for your kids could be a great idea. For example, once you have decided to purchase real estate for your college kid, you can begin to teach them about buying, owning and selling a real piece of property. Investing allows you give them valuable lessons, showing them all of the ins and outs of the real estate business. It is important to teach your college bound kid the basics of investing. Being able to teach your children how to handle money and property is a great way to teach them about responsibility, the importance of handling business and being responsible for their own financial future.
Imagine sitting your teenager down and telling them that they could own a home. They will probably look at you like you’re crazy! They will probably tell you that they don’t know the first thing about owning a home. This is when you will begin to teach them all that you know about Real Estate. Even if you don’t know all the info to teach them, you can learn together. Imagine the sense of pride and motivation you will give them by helping them to become homeowners. Of course, there are some things you will need to help them with but the fact that you are assisting them with one of life’s greatest challenges (being responsible) can definitely have a great affect on the rest of their lives.
Many college bound kids may not be interested in becoming Real Estate Entrepreneurs but you can certainly show them the positive outcomes to home ownership and if they like the idea of buying and selling for a profit, then great! This will mean that they will be able to start out with a clear business sense. The number one mistake that young adults make when they go off to college is being financially irresponsible. But this is a behavior that is taught and can be learned before they step out into the real world.
Buying property for your kids to inherit is also a great way to insure financial stability. There are houses all over selling for just pennies! Buy one, two or three if you can!! These prices are too good to pass up. So when you think about buying real estate, think about your kids and show them the way to financial prosperity!!
Want to learn more about Real Estate so that you can teach your children about financial stability and prosperity? Take my free seminar. With my free seminar, you can and will learn about how to purchase your first property. The best advice you can ever receive doesn’t cost a thing! Join my free networking site at www.cashinonforeclosuresnetwork.com and to register, visit my website www.cashinonforeclosures.com or call 866-758-3555 to attend the FREE Training Seminar to uncover the truth about becoming successful in Real Estate investing and get on the path from Rags to Real Estate!
Queen of Real Estate