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Updated over 5 years ago on . Most recent reply

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Adam McInnes
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Student Rental as a start?

Adam McInnes
Posted

Hey BP,

I am a new investor. My wife and I bought a property that we are going to suite in Calgary, Canada that we will be rental hacking. 

I am actively looking for different investment opportunities, and I have come across a great opportunity for a 4plex with 19 bedrooms near a local college. It is going to be a good cash flow opportunity, and i have some potential of getting it for little to no money down. 

Is it way too bold to go for a student rental property as my first deal? What are some of the positives and negatives to student rentals from your perspective? I understand turn around will be higher, possible damages etc. Who has done this, who loves it, and who absolutely hates it? Give me your why!

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