My wife and I were talking last spring and we were trying to plan out our finances. How do we 1)save for retirement, 2) save for 3 kids education 3) have enough money for sports and the kids school and other activities and 4) have some fun money left over so we can actually enjoy our lives.
The answer we came up with??? Buy investment real estate. We purchased a “university property” meaning when we sell the property in 14 years we estimate that between appreciation, the mortgage being paid down (thanks tenants!), the positive cashflow and the tax benefits of Captial Gains, we will have enough for all three kids to go to university. Done! Like that with one purchase we no don’t have to worry about “saving” for the kids university anymore!
Next up, retirement property!
Want to do the same? Let me know!