How do you get paid for sending your kids to college? Become a real estate investor! As a parent if you purchase a property for your child to live in while they attend collegeand rent out the additional rooms. You may qualifyy as a real estate investor. Thus qualifying you for up to $25,000/yr in income tax deductions and any appreciation that the property experiences. If your kids are attending college in a state other than your state of residence, this may also qualify them for residence status and in state college tuition rates. With all of these benefits why wouldn't you at least consider becoming a real estate investor? To qualify for the tax deduction as a real estate investor you would need to be actively engaged in the decision making processes involving the income property s...
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