Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
College and University Discussion
Reply to "Buying a house for college housing"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]My friend's parents did this when I was in college. The kid lived there three years and they charged rent for 4 other kids to live there. I'm guessing the rent paid the mortgage. The nice thing about this over a regular rental investment is that the kid is there to take care of maintenance. Not necessarily to DO the maintenance, but to like let in the plumber when one is needed. (But also note that there are maintenance costs in any rental. And I'm guessing you won't want to charge your kid's friends a lot on their security deposits.) The rule of thumb used to be you need to live in a house for 3 years to break even in closing cost. (Remember you pay an agent up to 6% to sell and also have lots of other small costs -- appraisal and whatnot.) I would only do if it is literally right next to campus. I want my kids to have a robust campus experience. But if it is as close as they would otherwise live, it is worth looking into. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
