Real Estate News About Woodbridge, Mount Vernon, and Lorton Virginia

Give Each Of Your Babies An Investment Property

Give Each Of Your Babies An Investment Property

Teach Your Child About Building Wealth

Give Your Child A Nest-Egg On They Can Hold For Life

One of the tips I often give to my clients is to do something special for each child in their family.  Specifically, buy an inexpensive investment property for each child when the child is born.

You keep and manage the property until each child turns 16 years-old.  Give co-ownership of the property to your child when she/he turns turns 16.  

You and your child will co-manage the property until your child 21 years-old. Have your child keep the books on the property; Order routine repairs, collect the rent, pay the mortgage payment (if you have a mortgage), set up the property as a corporation and file income taxes as a corporation.

At age 21, you deed the house to your child.  Your children will have five years experience working beside you, keeping the books, collecting rent, paying expenses, making repairs/updates, and filing taxes.  

Your children will get three benefits from owning their own investment property:
1. Your children will know how to run a business, including keeping the books and paying taxes.
2. Your children will learn the value of investing early in life.
3. You will give your children will each have a nest-egg that they can keep the rest of their lives, and investment that pays positive cash flow.

Over the long haul, through markets that are up and down, the average annual return on investment property is 4%.  Imagine how much money your children will have when they turn 65 years-old!  Your children can take the money from the rent to supplement their income.

Another strategy your children could take would be to sell the house when they turn 30 years-old, then split the proceeds and use those funds as a down payment on two houses, and get the balance of the funds in a mortgage.  They will then have two investment properties working for them.

Find out about my proven strategy for finding and funding inexpensive investment properties that will pay your children HUGE dividends over their lifetime.

Text or call me at 703-677-1120.

I'll give you some strategies over the phone.

We can set aside time to meet at my office to work out the numbers on paper.

If you like what you hear, we can move forward together.

If you don't think I'm the guy for you, I fully expect you to get up and walk away.

Text or call me at 703-677-1120.

Erick BlackwelderCall or text Erick Blackwelder right now for help finding a home, or help selling your house.  

Don't worry... Erick doesn't bite, and you won't get a sales pitch.  Text or call Erick now at 703-677-1120 for a FREE consultation.

CLICK HERE NOW to search the Multiple Listing Service (MLS) for homes for sale in and around Woodbridge, Lorton, and Mount Vernon.

Exit Realty Associates
8998C Lorton Station Blvd
Lorton, VA  22079
Equal Housing Opportunity

 

 

 

 

 

 

 

"Hey Erick, tell me more about...."

Click the link above to email a question to me or call me now at 703-677-1120.  

 

 

Equal Housing opportunity.

Comment balloon 2 commentsErick Blackwelder • April 10 2014 07:48AM
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