Child Care Hack

[Austin Arseneau]

Investment Info:

Townhouse other investment in Plymouth.

Purchase price: $185,000
Cash invested: $5,000
Sale price: $220,000

Occupied by my in-laws. Rather than paying for childcare services from a large organization, we found that it was significantly cheaper to pay for a second mortgage than to pay for childcare. My in-laws loaned us the total purchase price minus $5,000 on a 3% interest rate. Instead of their cash sitting in a savings account, they decided it would be a better investment to earn 3% on their money instead of .03% in the bank. Win/win for everyone. And they get to see their granddaughter a ton ;).