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Updated almost 6 years ago on . Most recent reply

Dan Schalk's profile image
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Dan Schalk
  • Flipper
  • from Thousand Oaks, California
  • Member since Feb 17, 2017
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Dan Schalk's profile image
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Dan Schalk
  • Flipper
  • from Thousand Oaks, California
  • Member since Feb 17, 2017
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Dan Schalk
  • Flipper
  • Thousand Oaks, CA
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Tax Liens & Mortgage Notes

Buying property for In State tuition

Dan Schalk
  • Flipper
  • Thousand Oaks, CA
Posted

Hey all,

I am buying a house outside of Waco TX in my daughters name so she can get in state tuition. The plan was to buy a cheap house and sell it and carry the paper so I wouldn’t have the headache of being an out of state land lord. The house must be in her name. Question is: when the house goes under contract is it then in the buyers name, thereby undoing what I need to do to gain residency?? Is there a way to avoid this? Any suggestions would be appreciated.

Dan

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Pete Harper's profile image
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Pete Harper
  • Rental Property Investor
  • from Streetman, TX
  • Member since Jul 7, 2018
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Pete Harper
  • Rental Property Investor
  • from Streetman, TX
  • Member since Jul 7, 2018
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Pete Harper
  • Rental Property Investor
  • Streetman, TX
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Pete Harper
  • Rental Property Investor
  • Streetman, TX
Replied

Dan, we went through this with my daughter. Texas has strict residency requirements for college tuition. Best to do your homework before you buy.

http://www.thecb.state.tx.us/reports/PDF/9054.PDF?CFID=75314517&CFTOKEN=13839274

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