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Real Estate

Our kids have RESPs - though we haven't been diligent about maxing them out. We have also purchased income property for our kids futures. Our reasoning is this:
  • they properties will be paid off when each child is finishing high school
  • They can use the income from the property to cover their expenses or
  • they can sell the property and use the proceeds to fund their endeavors or
  • they can live in one unit and use the cash flow from the others (the properties are multi-residential)

Not everybody pursues traditional post-secondary education and we want our kids to have an option should they decide to go into business for themselves, work/learn abroad, or pursue graduate programs that their RESPs and other savings wouldn't have covered.

This seemed like the right solution for us...
 
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