So, I'm an electrician by trade and work offshore making decent money. My daughter is training up to be a decorator / builder.
So kicking around the idea of buying run down trashed places, investing in fixing them up between us and renting them out or selling them.
I'm trying to think of a positive way to do this, especially on the rental side.
Option A: keep rent low, so it's paying the mortgage off and enough in the pot for upkeep.
Upside to this is someone gets decent low cost housing, I get a long term investment which will eventually pay for itself and hopefully not to much hastle.
Option B: figure out some kind of rent to buy setup. I'm not sure on how I'd work that but the upside is it'd allow someone who otherwise couldn't, to buy a home and free up my equity sooner to be able to do it again.
Open to other suggestions. And doing nothing is also an option 🙂