Why Sending Your Kids to Harvard May Be Easier Than You Think

Written by: Lorraine
Timely Rental Property Investments Can Finance Your Kids' College A lot of our investors seem to think that an expensive college education is and will remain out of reach for them and their kids. I explain why this is not necessarily so. Taking that all-important step to start investing in real estate has been life-changing […]
Published on October 4, 2022
Last update: ago
Est. Reading: 2 minutes

Timely Rental Property Investments Can Finance Your Kids' College

A lot of our investors seem to think that an expensive college education is and will remain out of reach for them and their kids. I explain why this is not necessarily so. Taking that all-important step to start investing in real estate has been life-changing for thousands of our clients and can be for you as well. Single-family homes, bought with the help of the 30-year fixed-rate loan can indeed be life-changing for you, as I explain in this podcast.

The life-changing investment.

For a lot of people, the idea of putting a kid through Harvard can sound improbable, even completely out of reach. However, if you plan well and in advance, this is very doable. Suppose you're someone that has just been blessed with a baby. If you decide to take action now you can really have that college fund in place when the kid turns 17 or 18.
Say an investor bought a home with a 30-year fixed-rate loan when their kid was about a year old. As the years go by, that loan amount will seem smaller and easier to repay. By the time that kid is ready for college, you could sell or refinance the home and there you have it: your kid’s ticket to a top college education! I have done this myself; financed my son’s education at Stanford with the help of savvy real estate investments I've made.

How many houses do you need to invest in?

So now that you know it can be done, maybe aim a little higher? Do you want a college education for your kid and a Porsche? Now, I am rather fond of making a lame little joke; I would say, to send your kid to Harvard, you buy one house. To send your kid to Harvard and buy a Porsche, buy two houses! People do laugh at that joke, but actually, that isn't even accurate. Just one home could be enough for that fancy car and the college education, as I explain in this video.
Getting aid in the form of FAFSA (Free Application for Federal Student Aid) is actually much more accessible than you may think. A good and knowledgeable expert can help you fill out that form in such a way that you could become eligible for more aid than you previously thought.
If you have more questions about this, we are here to answer them. Reach out to us at icgre.com or better still, sign up for our quarterly event. This time around, we are going to have an expert – this one is from Stanford, by the way – who is going to speak about FAFSA among other things. Registration is free. Don’t miss it!
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ICG uses single-family home investments, bought in advantageous locations and the best U.S. markets. We enable you to enjoy the clout that comes from purchasing a multitude of houses, even if you only buy one.
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