Buying student rental property in Waterloo

Canadian Real Estate Investing Discussion
stocks
Posts: 16
Joined: Wed Jun 04, 2008 1:27 pm

Buying student rental property in Waterloo

Postby stocks » Wed Jun 04, 2008 1:39 pm

Hi,

I was thinking to buy a student rental property in Waterloo. I've looked at several houses for sale there and some houses can bring around 10% ROI, which is pretty good considering that somebody else is paying for your property, while you actually have positive cashflow.

Has anybody done that before, I mean buying rental property? What do you think about the Waterloo student rental market? Would you advise buying in current market?

gonzo13
Posts: 23
Joined: Tue Jun 03, 2008 6:16 pm

Re: Buying student rental property in Waterloo

Postby gonzo13 » Wed Jun 04, 2008 11:22 pm

I think this is a really good idea. I don't know much about rental properties but it may be a good investment.
Are you going to do the maintenance and repairs? can you hire somebody to do that for you?


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