Dorm or Deed? When Buying a House is Cheaper Than College Dorms 🎓

wendymonday
Sep 19
2 min read

Updated: Oct 16

This fall, parents of countless incoming college freshmen will pump thousands of dollars into their student’s dorm.

Hold that check.

What if instead of paying for mini fridges and twin XL beds that get moved out at the end of the semester, parents bought a home near campus?

Their college-bound kid gets a place to live.

Parents get an investment property paying dividends during their child’s college years (and possibly beyond.)

THE HACK : The most important point is the parent can apply for the loan as a “non-occupant co-borrower” and make the student the primary borrower 🤑

WHY? The parent receives owner-occupied mortgage rates, which are much lower than investment property rates, since the child will live in the property 🤑🤑

Sound like an elective worth enrolling in?

WHY WAIT?

Get a 4.875% INTEREST RATE now

Seller will buydown your rate and you reap the rewards.

1103A 13th Ave S Nashville, TN 37212

4 bed 3.5 bath 3132sf
Garage
Fenced yard
Rooftop deck
$985,000

Between Nashville’s hottest neighborhoods, this 4-bedroom, 3,000+ sq. ft. home offers a lot of space in a prime location.

Less than a mile from Vanderbilt and Belmont and just a short stroll to iconic Music Row, you’ll also be moments from 12South, The Gulch, and all of Nashville’s favorite dining, shopping, and entertainment spots.

A fenced backyard and an attached garage are rare finds in Edgehill.

This is an outstanding value in one of Nashville’s most dynamic and walkable areas.

Inside, the open-concept layout is filled with natural light and modern finishes. Two ensuite bedrooms create dual primary retreats, ideal for roommates or families who want privacy. The third-floor bonus room, complete with a wet bar, opens to a private rooftop deck.

Connect with our preferred lender, Christian Poling with Steadfast Mortgage, for details and qualifications at christian@steadfastmortgage.com.

* with acceptable offer, terms and conditions apply