Yep. I do this for Windows. I have a Surface laptop which requires tinkering to get Linux working on it (keyboard doesn't even work out of the box, you gotta use a USB keyboard until you install a custom kernel off Github).

I couldn't be bothered. I just keep Windows running and run Ubuntu in Virtualbox. With an SSD there's no noticeable performance penalty except in accelerated graphics (in which case you should be using VMware).