A new investment in your child's future that pays you dividends!

By
Real Estate Agent with Keller Williams Advantage III Realty in Lake Nona BK3059813
https://activerain.com/droplet/Bfz

Every once in a while a news story comes around grabs you and this one yesterday was that story for me...

It is such a simple idea but with such HUGE RETURN ON INVESTMENT, that i am just compelled to tell the world about this one.

The story is the simplest idea in investing in real estate, and not only saves you money on your child's college education costs, but it creates a tax deduction for you.

Check out the complete story below and then if you are sending kids to FAU, or IRSC and they need a place to stay, please give us a call at 772-834-0099.  Check out the lovely condos within walking distance of FAU or IRSC or even Keiser School of Golf in Port St Lucie at Belmont Club by CLICKING HERE or The Club at St Lucie West by CLICKING HERE.

http://www.smartmoney.com/taxes/income/buying-a-condo-for-a-college-kid-is-a-tax-smart-move-23572/

And if you want to see all of our properties for Sale in Port St Lucie, please CLICK HERE.

Check us out on social media here: 

If you are wondering if this is the time to buy, CLICK HERE to see the most recent MARKET REPORT for Tradition.

If you are underwater in your current home, and want to know if you qualify for a short sale, CLICK HERE.

If you want to know what your home is worth, CLICK HERE.

Posted by

The Florida Tolbert Team, a division of Kevin B Tolbert Real Estate Network

Kevin B Tolbert PA

Keller Williams Advantage III Realty

Keller Williams Land Division

Million Dollar Guild Award Certified Luxury Home Marketing Specialist

Certified International Property Specialist

Certified Distress Property Expert

BOLD Graduate X 13 Listing Specialist

9161 Narcoosee Rd, Suite 107

Orlando, FL 32827

Direct:  772-834-0099

Email:  kevinbtolbert@kw.com

To see all our local listings please goto www.SearchforSouthFloridaHome.Com for South Florida and go to www.searchforcentralfloridahome.com for central Florida.

To see all my blogs, please goto www.kevinbtolbertpa.com

 

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Rainmaker
2,789,944
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Thanks for the reminder for when I have kids one day. ;)

May 16, 2012 12:26 PM #1
Rainmaker
1,143,971
David Shamansky
US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggressive & 560 FICO - OK, Colorado Mtg

I heard a story from one of our processors that her brother did this very thing on his own when he left school he sold it for over double what he paid. Those collegel locations are highly desireable and highly rentable

May 16, 2012 12:30 PM #2
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Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Division Specialist

Laura,

You may be young now, but havent you heard of the PREPAID COLLEGE FUND?  Make this a part of it.  After all, real estate is the most reliable investment in history.

May 16, 2012 01:10 PM #3
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Florida Tolbert Team Keller Williams Advantage
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And I have 2 great gated condo complexes within walking distance of our local colleges.  Send me some investors and we can help you get in before the school the school year. 

May 16, 2012 01:14 PM #4
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Kevin, I know many parents may want to take advantage of any tax break when it comes to buying a condo or house for their college bound children. Many college students want to live off campus, and these condos and single family homes are a great opportunity for parents to make an investment for the future.

May 16, 2012 02:29 PM #5
Rainmaker
2,346,102
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

Excellent investment idea Kevin.........future rental income or profit at time of sale.

May 16, 2012 07:34 PM #6
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Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Kevin - I think we are seeing investors snapping up condos across the state! Single family homes is still another story............not as many investors want to deal with renting single family homes out.

May 16, 2012 10:43 PM #8
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Jerry,

The way it was thought out by the experts is really amazing.  The home could be an LLC which is then able to write off the mortgage and the interest and all costs to maintain and then the parents could pay the rent instead of the ROOM AND BOARD and the rent payments would not be income as the mortgage would exceeed the rental income so in basically they are getting the rental unit completely written off instead of paying money to the college for room and board.

May 17, 2012 07:12 AM #9
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Roger,

And not throwing away money to room and board but putting right back to buying the condo.

May 17, 2012 07:13 AM #10
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Barbara jo,

But in essence they are renting it to themselves instead of them paying the college they are paying rent to the LLC. 

May 17, 2012 07:14 AM #11
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