Hi All,

In 2014 I'm starting my trip with my girlfriend.

I've got a reasonable amount of capital, however part of me just doesn't want to spend this capital on travelling, therefore I would like to make it last longer.

So for this I've been thinking about buying two properties in a UK City with a decent student population, that I can rent to 4-5 people.

In say, hull I could buy a house with 4 bedrooms, within 1 mile of the Uni for £50,000. I could buy two with a 15% deposit on each.

A 10 year capital repayment mortgage would be around £500 maximum. 4 students paying £60 each a week, would give me £1040 a month income.
Adding bills at a cost of around £200 inc insurance council tax, repairs, then students to pay water, gas electricity, I would have £300 odd a month per property.

So lets say £600 a month income. This would account for half of our monthly traveling budget.

However, it's a slight worry leaving rented accommodation, what if something happens? Especially to students. Return on a normal rental is barely enough to cover the mortgage

Anyway, does anyone do this? I think if I bought 3-4 houses, I could have enough income to travel indefinitely and just restore them in the summer.

I think this would be far more sensible then just burning my cash, as I have saved hard for it...

Any ideas?!