Hi, has anyone on this forum rented property as a business venture? My husband and I have bought 1 apartment and thinking of buying more to have a passive income in retirement. This would mean we could retire sooner but just terrified to take the leap of faith. It wouldn’t be till next year but just wondered if anyone had managed to live on the income. We both have jobs in Scotland but thinking life’s too short. We watch all the holiday programmes like Life in the Sun and think we could do that. We already rent out property in Scotland and we are aware of costs but if we sold up here we would be mortgage free for coming over so any money made minus costs and tax would be our income. Any advice from experience or knowing someone who has done the same would be greatly appreciated.
Cheers
Liz