I am new to investing in real estate

[Chimi Sakamoto]

I am new to investing in real estate and I am considering investing in a condominium in Vancouver, mainly for renting to international students, any recommendations?

[Jason Ridout]

Hi @Chimi Sakamoto and welcome to the wonderful world of real estate investing.

As @Steve Lynch mentioned, it can be very hard to generate positive cashflow on Vancouver properties due to the very high price. I've been investing on Vancouver Island lately with great success.

If you're interested in the student housing model, I'm very close to Vancouver Island University in Nanaimo. The student housing situation is desperate right now and students are paying upwards of $1,200 per bedroom. There are a few houses for sale in the area with 5 or 6 bedrooms, for not much more than what you'd pay for a Vancouver Condo. It's not uncommon to get $5,000/m rental income from a $700,000 house in Nanaimo, which creates a good ROI and some cashflow.

Let me know if you have any questions about the island. I host a monthly meetup for investors here and like to help new investors get started.