Buying property for In State tuition

[Dan Schalk]

Hey all,

I am buying a house outside of Waco TX in my daughters name so she can get in state tuition. The plan was to buy a cheap house and sell it and carry the paper so I wouldn’t have the headache of being an out of state land lord. The house must be in her name. Question is: when the house goes under contract is it then in the buyers name, thereby undoing what I need to do to gain residency?? Is there a way to avoid this? Any suggestions would be appreciated.

Dan

[Pete Harper]

Dan, we went through this with my daughter. Texas has strict residency requirements for college tuition. Best to do your homework before you buy.

http://www.thecb.state.tx.us/reports/PDF/9054.PDF?CFID=75314517&CFTOKEN=13839274