Investing as a Full-Time Student. Could it work?

[Brian Rae]

Hi everyone,

First off, just have to say thank you to Brandon and Josh and all of you on BP that are so generous with your knowledge. I keep looking for the catch but it seems that there are just some really good people in this world and I love it. So thank you.

Here's my situation. I'm 21, living in Vancouver, BC (Canada) with my parents (no rent! :D), have been working part-time since I was 14 and in school and have invested all my money in mutual funds which have been great. In September I move to Victoria, BC where the median house price is $550k to finish off my BA degree. I will be in full-time studies for 12 months there. I've got about $50k saved up and might be able to get more through private lending from family. As I'll be studying full-time in an accelerated program (2 years worth in 1 year), I likely won't apply for a part-time job. Rather than spend $10,000 on rent during my stay, I am hoping to do a house hack.

Looking for any kind of wisdom about this. Could the numbers work? Are there other options? 

Thanks in advance!

-

Brian

[Matt K.]

You can do this, I learned how to do a 1031, did the 1031, found a out of state property while working full time (office job) and finishing my masters. It was hell on earth to put it lightly, but it worked out in the end it was worth every sleepless night. 

If it was easy, more people would do it....