All Forum Posts by: Varun Talluri

@Varun Talluri

The struggle is real for us Canadians! It’s almost as hard to invest here as it is in LA 😩 Persistence will lead us to victory though good sir! Let me know if anyone comments any valuable info.

Cheers

Nick Smith

@Varun Talluri

I’ve been wondering this as well and the answer would benefit me greatly, hoping someone replies with some solid info for Canadian aspiring investors such as myself!

Hi guys! I've been looking for some multifamily units but it's been hard though realtor.ca . Other pages like kijiji have more ads .

@Varun Talluri

I don't know current market rents in Hamilton for students, my wife paid $400/month 20 years ago, but not sure where they are now. I can not speak to the current McMaster market.

In the Niagara market a shared room can go for $350-375/month in Niagara Falls near the hotel area, livable homes range $425-500k. In NOTL and St Catharines, Single occupant rooms $425-600 (if ensuite bathroom), homes range 450k-600k. NOTL is by far the most expensive, but also the most appealing to Niagara College.

If you find something in Thorold, you can target Brock University, or Welland for the other Niagara College campus.

Hi Varun, 

This is a great question, there is never really a bad time to invest if it's for the long haul. With regard to students, I speak from experience in the Niagara Region market, we are still seeing a demand for housing from international students. My viewpoint of Students is mostly positive.

Pros

1.  They tend to pay rent through their loans or their parents (that should co-sign where possible). 
2.  They hardly miss payments, and when they do it's for a room, not an entire home or apartment unit.
3.  When they can't pay rent, they tend to vacate shortly after. 
4.  If you have bad tenants they are usually short term and move on within a term or two.
5.  You can cash flow higher than a family rental with more rooms.

Cons

1.  The downside to students is they are messy.
2.  They will not usually take care of the home.
3.  They can be quite hands-on, whether it be to remind them to take out the trash or sometimes you may need to step in to sort out an issue amongst tenants. 
   
4.  Turn-over will be high, and you will need to market your property during the start of each semester as vacancies happen.

This is just a few points, I just realized after typing these I can play the pros and cons game all night lol Students are a lot of work, but they are worth the return if you don't mind actually being a part of your "empire"

We are having a zoom call for local investors in GTA.. if your interested I can send you link