![]() ![]() After graduating, he worked as an application engineer, and is currently a sales manager at a company in the US. It was solid.”īut, Vij didn’t plan to be a landlord full-time. Plus, “it’s like a top five university in all of Canada. “I knew the area, I liked the area - not too expensive or too cheap,” Vij tells CNBC Make It. He was 26 when he made a 20 percent down payment of around $64,781 (Rs 54 lakh) for a home worth $323,904 (Rs 2.7 crore) and rented it out to seven college students. ![]() Vij started off in 2016 after having spent a few years saving enough money to buy his first property in Canada's Ontario. His properties are worth about $2.3 million (about Rs 19 crore). Intrigued, he wanted to try it out and now, the 33-year-old Indian-origin businessman has four properties in Canada with 28 rooms and he earns more than Rs 9 lakh a month only by collecting rent, CNBC Make It reported. It was then that he realised that renting rooms to students could be more profitable than giving the entire property on rent to one tenant. While studying engineering in Canada, he noticed that rental units near the institution were charged by the room, rather than the whole house. ![]() Karun Vij always wanted to own property and it was in college that he experienced his "eureka" moment. ![]()
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