Think You Can’t Afford To Send Your Kid To A Great School? Think Again!

Think You Can’t Afford To Send Your Kid To A Great School? Think Again!

One of the reasons I often give for people wanting to invest in property is to afford the best schools for your kids. I do this because I believe education is important, and I find that it is one of the number one expenses that parents worry about.

So, I thought it was appropriate that I share this story with you about how property could quite literally send your kid to Oxford (or whatever their preferred top school might be).

I was at a function not long ago and I saw a friend of mine there. She’d recently got back to Australia from a family holiday in the United Kingdom. While she was there, she took her 10-year-old son to Oxford University. Obviously, he was inspired by the surroundings because he told his mum that he wanted to go there and study when he finishes high school.

My friend looked at me at this point in the story and said with a bit of a laugh, “Like I’m ever going to be able to afford that!”

But the thing is, there is a way that she can afford it. I explained to her the steps she needed to take…

  1. Use the available equity in her home to buy an investment property with current interest rates. She could borrow all of the money and it will pay for itself after tax.
  2. Let the property just sit there for the next eight years.
  3. Once her son turns eighteen and is ready for university, use the increased equity and increased rent to refinance the property and pay the expenses for Oxford.

My friend was quite blown away with the idea of it all, but I didn’t come up with it. People have been doing this for years!

If you have kids and want to provide for their future, go and buy an investment property for each of them. Use the equity in your home to get started. At today’s rates, you can get properties that will pay for themselves. These properties will keep increasing in value and rental income over the years, resulting in available equity to cover your child’s education.

And if little Jimmy or Jane ends up interested in something other than a top university, perhaps the funds can go towards their first car, the deposit on their first house, their wedding, or something else. The important thing is that it gives you options.

This is just one way of looking at property investing – it can help you achieve so much more! Property and money gives you choices you wouldn’t otherwise have.

Happy property investing!

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Daimien Patterson is the CEO of Integrity Property Investment, a property investment company based in Australia. He regularly produces books, blogs and videos on the topic of property investing, helping thousands of people create financial security and freedom through education and property investment. Get started today.  

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Legal Disclaimer: This information ('the information') is presented for illustrative and educational purposes only. It is not presented nor should it be treated as real estate advice, legal advice, investment advice, or tax advice. All investments involve risk and potential loss of money. If you require advice in any of these fields you should contact a suitably qualified professional to assist and advise you. Your personal individual financial circumstances must be taken into account before you make any investment decision. We urge you to do this in conjunction with a suitably qualified professional. Daimien Patterson, IntegrityX Enterprises Pty Ltd, and their associated trading names, companies, researchers, authorised distributors and licensees, employees and speakers do not guarantee your past, present or future investment results whether based on this information or otherwise. Daimien Patterson, IntegrityX Enterprises Pty Ltd and their associated trading names, companies, researchers, authorised distributors and licensees, employees and speakers disclaim all liability for your purchase decisions. You should do your own independent due diligence and seek the advice of qualified advisors before making any investment decision.