Case Study
Investing for the Future
Meet Desiree Banugo. She and her mother Barbra, are both property investors looking to create a passive income to afford them financial independence for the future.
Desiree works as a freelance marketing consultant in London. She is looking at her property portfolio to provide a staple for her pension. This thirty something is in a fantastic position to take advantage of the long term gains afforded by property investment. It was a combination of research and her family’s interest in property that prompted Desiree to start her own portfolio.
“My family have always believed in investing in the property market, my family back in the Caribbean have investment property and my grandparents have been investing for years. We are all of the understanding that property is the best investment vehicle for long term growth.”
Desiree introduced her mother Barbra, already an investor, to Property for Life when they attended one of our academies together last May. Barbra has gone on to purchase 2 properties through us, adding to her portfolio. As a mother and daughter team Desiree and Barbra are keen to continue investing in property over the next few years and are both looking to leave a legacy behind them for other members of their family to enjoy.
“Mum and I are both looking for financial independence through our portfolios. We are both investing for the long term and know that our portfolios can also provide a legacy for different generations in our family.”
Desiree understands that putting money into any investment carries an element of risk. She chooses to manage this risk through education. Having studied the property market and by attending countless free and paid seminars she has a good understanding of how the process works and is a firm believer in Property for Life’s Academy programme.
“If I could pass on any advice to another would be investor it would be to take the time to gain an understanding of the process. Take a couple of hours out and attend one of Property for Life’s free academies. I have been to countless property seminars both free and paid and found Property for Life’s by far the most enjoyable to attend. There is no hard sell; it provides you an insight into investing, a chance to meet the team and speak with other investors which is really helpful.”
September 2006 saw Desiree’s first investment property purchase. This rented immediately, an achievement which has boosted her confidence in the process even more. Further more, the cash back she received on this property has enhanced her cash flow and put her in a great position for further investing this year.
Desiree is aiming for a diverse portfolio of predominantly UK and American investment properties. With regards to her UK portfolio this is something she is keen to build through Property for Life.
“I work alongside Property for Life as they are a friendly experienced team. They provide a high level of customer service, something I believe is missing in the larger investment companies. There is no question too small to be answered by the consultants and I really feel they cater to the needs of their clients, working alongside you, guiding you through the process. Both mum and I like the way you can see exactly how the deals are structured through the downloadable documentation on their website. You can see exactly where your money is going. We find this transparency really refreshing and would definitely recommend the services of the company to other investors. We certainly intend to keep investing with Property for Life.”
Desiree and Barbra have made an important step in the direction of total financial independence. We wish them the very best of luck with their investment portfolio’s and look forward to a continued working relationship with them over the coming years.
