Buying a college property

[Damian Callaghan]

Hey there - I’m looking for any creative ways to buy property near  my sons chosen college. This is nothing to do with getting in state fees as we are already in state. This is a way to joint invest with my son, not throw $15k a year away on renting for his 2 years at college and a long term investment. 

The 20% deposit is always a killer - tips and tricks welcome. Also guidance on. Using in trust or in his name 

[Jaron Walling]

"not throw $15k a year away on renting for his 2 years at college" - I don't mean to offend your post but I would consider not buying. 2 years is not much time. $15k is not much money. In the grant scheme of REI you need more of both it make it worth while.

When he graduates, finds a job, starts a business, where is going to be? If he moves to other city do you want to manage a rental property? Unless he plans to live in the area long term buying doesn't make much sense. Owning and managing RE is a great learning experience (young or old) but buying property and selling two years later makes no sense. The headaches are not worth hassle. 

Add 2 or 3 years to his time frame I'd change my opinion. Discuss strategy or numbers about a cash-flowing college rental; well that's a business. That's more appealing than a place to live just to save $15k.