Let’s Connect And Start Creating A Strategy!
If you’re a parent of a soon-to-be college student — you know the $$$ is staring you right in the face.
We did some research and found that room and board or rent for their child is upwards of $13,000+ per year.
For. A. Room.
Here’s a conversation we’re having with more adults who are entering the empty nest years and are trying to find a way to make college work to their advantage, too!
▫️think about 𝘄𝗵𝗲𝗿𝗲 your student will be attending. If it’s local (U of M, U of W, Red River, we’ve got the scoop on housing) or if it’s out of city or province.
▫️ What are the 𝗵𝗼𝘂𝘀𝗶𝗻𝗴 𝗼𝗽𝘁𝗶𝗼𝗻𝘀 available for you to invest in for your student (and friends/roommates)?
▫️does it 𝗺𝗮𝗸𝗲 𝘀𝗲𝗻𝘀𝗲 financially for you or your student to purchase a home and charge rent vs. paying someone else’s mortgage or outrageous rental rates?
▫️think of this as a win-win. Your student is in a home that you chose and feel good about and roommates are paying the mortgage.
▫️ Your money isn’t going down the drain. You have an appreciating asset that you can keep and continue to rent out years after your student graduates or you can choose to sell and 𝗺𝗮𝗸𝗲 𝗮 𝗽𝗿𝗼𝗳𝗶𝘁 when the time comes.
Rental rates are rising, tuition is expensive—heck, everything is expensive. If you can find even one way to help your student 𝗺𝗮𝗸𝗲 𝗺𝗼𝗻𝗲𝘆 𝗱𝗼𝗶𝗻𝗴 𝗶𝘁 it’s a smart move.
If you’re ready to explore this option further, let’s connect and start creating a strategy for a home purchase near your student's college.
And don’t worry, if it’s out of province we have 𝗮𝗺𝗮𝘇𝗶𝗻𝗴 referral partners across Canada who can help you make the same great decision.
