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Using Property Wholesaling To Fund College Tuition For Kids

by blogger1
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on Thursday, 16 January 2014
BestTransactionFunding
Is wholesaling houses the best tool for parents and teens to use for funding college tuition?

Some successful wholesalers would never dream of forking out the ridiculous sums that they see being demanded by what they see as U.S. college scams today. Others if they are honest will admit they wish they had gone, if not for the education, at least for the degree and the connections to get ahead in today’s hyper social society and business world.

Some put the cost of putting a kid through a top university at almost half a million dollars by 2030 (that’s not far away for those having kids now). According to Fidelity Investments most parents will only be able to afford to contribute less than a third of the expenses their children need.

Some of the tools and strategies being recommended for saving for college today include investing in stocks, using 529 prepaid college savings plans, investing through IRAs, credit card rewards programs, and crowdfunding platforms for kids like KidBacker.

Many would consider wholesaling houses to be far superior for gaining traction towards funding college for kids than these above ideas. However, wholesaling can also be used in tandem with these strategies for making all of them work better.

For example money funneled through self-directed IRAs can be used for wholesaling and enjoying building college savings tax deferred or tax free. Proceeds from flipping houses could also be put into 529 plans to diversify savings and benefit from compound interest.

Get your kids investing in real estate and wholesaling housing too. They can begin working with you and using Best Transaction Funding to fund their deals, while you teach real estate knowledge, develop their entrepreneurial skills and sock away big bucks to pay for the best universities and beyond, or at least equip them to provide for themselves and their children if they don’t make it through college.
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