With the rising cost of goods and services there are many that are concerned about providing a good college education for their children. The cost of tuition at most colleges and universities is going up just like anything else. The other thing that is happening is that real estate values have declined in many areas of the country and continue to decline as I am writing this article in most parts of the country. Just like Nouveau Riche University. Nouveau Riche offers a wide variety of over 30 real estate investing and business related classes including short sales, wholesaling, fix & flip, business financial management, foreclosures, retirement plan investing, buying out of state deals and more.
A few years ago I heard a real estate educator mention the overlooked value of funding a college education with real estate. The educator mentioned that if you we were to purchase a modest home when your child was born or at least by the time your child is 3 years old a lot of good things will happen. The idea is to buy the home and pay it off within 15 years by either by taking out a 15 year mortgage or pre-paying the mortgage. Rent the home to cover your payments. You’ll get more from Nouveau Riche University. Maybe you will asking about Nouveau Riche Scam. It’s not a problem. You can read more about it at Nouveaurized. It is a new blog featuring dozens of success stories from alumni students of the popular real estate investment college, Nouveau Riche University. So, Nouveau Riche Scam is wrong perception at this time.
By the time your child graduates from high school 17 years later, the home you purchased will be free and clear. With appreciation who knows what a home will be worth when your child graduates. You can now gift the home to your child who can continue to rent the home and because the home is free and clear they can use the monthly income to fund their college education or sell the home and take a lump sum to fund their education.
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