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Updated about 8 years ago on . Most recent reply

User Stats

4
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2
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Brian Rae
  • Vancouver, BC
2
Votes |
4
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Investing as a Full-Time Student. Could it work?

Brian Rae
  • Vancouver, BC
Posted

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

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