529s are great :) One of the first things I set up as soon as a baby is born!

Houses are the ideal way to invest money that can’t go into tax-sheltered accounts but if you don’t hide your money from the taxman using your kid’s investments you are really missing a once in a lifetime opportunity.

More control over it maybe? Since you pick the properties/tenants/game plan?

$60K to a million in 34 years (assume they bought in 1985) is 8.74% annually. Assuming it was leveraged and they spend 5 hours a week of stress and elbow grease to make it work they made about $56 bucks an hour (if my math is right) – and this was tax deductible instead of taxed. Seems pretty good.

Haha..

5 cents that can be worth a helluva lot more down the road for some if they don’t take everything into consideration!

Thanks for dropping this!

1.) Higher turnover

2.) Disputes between tenants and I have to get involved in the drama

3.) I have to cut or pay to cut the grass and do the landscaping

4.) I have to pay water and/or common area electric or gas

5.) I like the ability to move into the property for two years before I sell, in this case, the kid(s), could move into if you deed it over to them, and avoid capital gains tax, which would be pro-rated for a multi-unit property.

That’s five cents! Have a great day!

I’m all for being prepared but in this situation I’d be putting the cart before the horse 100%. I have at least 20 years before my hypothetical child would even go to college. It’s booked marked as an idea to visit if I do have kids!

Love it!!!

You guys have figured it out!!!! :)

Plus such a great way to start your next life! :) Less to maintain and more for freedom! Haha…

Haha… there could be worse things to deliberate on! :) And now you have extra fodder for your own blog too!