"I have always worked on a contract basis, so I never had a pension. Now I have three properties and can't wait to invest in my next one. I'm seriously looking at doing property investment full time."
Vicki Wusche – owns three properties in Islington and Lewisham
Vicki and her sister had spent three years trying to work out how they could invest in property with a limited budget – but with no success. Having always worked on a contract basis, Vicki was well aware that at 45 years old, she didn't have a pension and it would be unfair to rely on her children to bail her out in her retirement. She happened to meet Agi Eugenio at a seminar and arranged to meet him. She decided to invest and explains how it worked:
"I bought my first property in 2005 and was fortunate to see its value rise from £150,000 to £200,000 in a year. I released that equity and bought my second property, which also quickly gained value, so I did the same again and now have three properties. I plan to continue buying as soon as there is enough equity to release. Agi's the expert on which property to buy so I will continue to take his advice.
"I got a five year lease on my first property and have already been told the lease will be renewed next year. Whether you've got one property or half a dozen, it takes very little time to look after them. In three years, I have only had three phone calls from one tenant, all for minor repairs which I sorted out myself. If anything bigger came up, I know Agi has some great contacts.
"I didn't work last year and I had a fabulous time relaxing and travelling. This was only possible because of the property. The kind of life I want is to be able to work for two or three years, then take a year off. If everything continues to run as smoothly as it has so far, that is a very realistic ambition."