Comments on: FHA Kiddie Condo Program Makes Attending ASU Affordable

By: Shailesh Ghimire

Shailesh Ghimire — Tue, 08 Jul 2008 15:22:37 +0000

Moncita,

As a lender we are really not in a position to dispense such advice. We only work the numbers so to speak. I suggest you speak with a qualified real estate agent who can work with you to identify the type of property which would best suit your needs.

By: Moncita Grach

Moncita Grach — Fri, 04 Jul 2008 19:26:59 +0000

what are good areas for college students

By: Anita

Anita — Sun, 13 Apr 2008 03:00:47 +0000

While searching for housing for our son for next year, we are faced with the decision…why pay $10 – 12 grand for “Rental” for the next 3 years, when you can take advantage of a program like this. We live out of state, and were pondering, what happens when they graduate??? Can the parents use as vacation property, with the same stipulations…..???????

By: FHA “Kiddie Condo” loan « Tempe Agent News

FHA “Kiddie Condo” loan « Tempe Agent News — Wed, 05 Mar 2008 21:08:30 +0000

[...] Check out this post for more information. [...]

By: Steve Belt

Steve Belt — Fri, 18 Jan 2008 22:31:24 +0000

Shailesh, this is pure gold. In fact, I have the gist of this written into my living trust for my own kids, that’s how much I believe in it. I meet the occassional parent/student that understands just what your talking about, but for many, many, many folks, I think they are just too busy to realize how easy it actually is.

Hopefully, you’ll help make 1 more family a bit wealthier, after reading this.

By: Chris Butterworth

Chris Butterworth — Fri, 18 Jan 2008 19:04:35 +0000

Great points.

For the last 12-18 months it has been difficult to find properties with positive cash flow, but the “kiddie-condo” concept is ripe for a comeback. Even though it doesn’t cash flow in the literal sense, it will in marginal terms.. If your kid doesn’t live here she’ll have to pay rent somewhere else! This situation also teaches kids a great deal about home ownership, property maintenance/management, money & finances – skills that can give them a great headstart in life after college.

Good post – very timely.