Yes, the distance is an issue.
I’d love to buy a rundown and renovate it myself, but distance is the issue (300 miles away).
Standard rental would certinaly give security of income and wind down the mortgage, but holiday letting could bring in nearly the same in a week as a long term rental would in a month (according to the guy who’s actually doing that with his. He also. Has a company that handles the hangovers and cleaning so management is fairly straightforward for him without eating too much into his rental income.
There’s a lot of weighing up to do, but all this info you guys are providing is invaluable and very much appreciated, so keep it coming
I’d love to buy a rundown and renovate it myself, but distance is the issue (300 miles away).
Standard rental would certinaly give security of income and wind down the mortgage, but holiday letting could bring in nearly the same in a week as a long term rental would in a month (according to the guy who’s actually doing that with his. He also. Has a company that handles the hangovers and cleaning so management is fairly straightforward for him without eating too much into his rental income.
There’s a lot of weighing up to do, but all this info you guys are providing is invaluable and very much appreciated, so keep it coming