Deutzdx3
Member
So £1250 income at marginal rate, giving £750 after tax, or £9k a year (but probably other costs too?). I’m guessing you have £100k of equity in one, giving sub-10% ROI, with plenty of hassle potential.
It’s not for me, I’m afraid. For one thing I don’t see why you’d want income at your stage (and the fact you’re paying off the mortgages suggests you don’t really need it either).
First house was bought with my late wife. Put down a big deposit. Was told by an old car dealer who retired with millions then got back into car sales then lost most of what he made to never let property go. Keep hold of it at all costs.