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Updated over 4 years ago,

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13
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4
Votes

Buy a house as college 529 account?

Wilfred Mkilindi
Posted

I have a 6 months old son and he is my only kid, am planning next year (paying off consumer debts like student loans, medical bills and personal loans at the moment) to start RE investing mainly on rental properties. Thinking my 1st rental to have it as a college account meaning cashflow will reinvested to the property and when he is ready for college 15-17 years from now i sell the property use funds as tuition, i don't want him to have student loans. Good idea or not?
Thank you 

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