The 33-year-old businessman Karun Vij is of Indian descent. He makes nine lakh rupees a month from his four houses in Canada. You did really read correctly. After graduating from college, Vij realized his long-held aim of becoming a property owner.
While pursuing an engineering degree at McMaster University in Hamilton, Ontario, Canada, Vij noticed that neighboring rental properties only charged for the use of one room, not the full property. He subsequently made the more financially advantageous decision to cater to students rather than renting out his residence to families. Despite taking some time to accumulate savings, he managed to buy a house near McMaster’s campus by the time he graduated in 2016, according to CNBC Make It.
At the age of 26, Vij paid roughly ₹64,781 (₹54 lakh) for a $323,904 (₹2.7 crore) Hamilton house, which he then rented to seven college students.
The neighborhood wasn’t too pricey or too inexpensive, and I enjoyed it. It is among Canada’s top five universities, too. According to Vij, it was good, CNBC Make it claimed.
Vij did not intend to turn his rental property into a full-time residence after it was rented out. After graduating from college, he began working for a multinational workplace automation company as an application engineer, then as an account manager. Afterwards, Vij used his increased pay and rental money to purchase multiple residences in southern Ontario.
