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Buy A Rental Property To Pay For College: Save On Taxes And Tuition With No Room And Board
By reinvestor on September 1, 2015
With college costs pushing ever higher, buying a rental property for your child to live in can be a savvy college funding, tax and retirement move. You can pick up all of the traditional tax deductions from owning a rental property, hire your child to manage the place and use his net income to pay for tuition with little or no tax. The rent the roommates pay can help pay the mortgage.
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