Quote:
Originally Posted by aggieAXO
That is what my mom did-she purchased a townhome and my roommate paid the mortgage. I sold it for a profit once I graduated and mom got a tax break. Property was cheap in College Station-if it had been Austin this would not have happened as property is very expensive in this town.
|
My folks bought my place and it worked out nicely for all of us. You probably have to plunk down more money up front in Austin than most places, but the price of real estate around campus continues to increase, so it's a good bet you'll still make money off the deal.