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Making great house calls

Becoming a doctor is an aspiration for many – but for one young doctor property investment offered a preferable path.

Wednesday, October 14th 2015, 12:00AM 1 Comment

by The Landlord

Pleayo Tovaranonte

Pleayo Tovaranonte dutifully completed a medical degree and became a doctor to realise his parents’ ambitions for him.

But, ultimately, a lifetime of fifteen hour days and being worn out by the time he was 40 was not the future he wanted for himself.

Instead, after reading Robert Kiyosaki’s Rich Dad, Poor Dad, Pleayo decided that property was the ideal vehicle for him to replace his long working hours with passive income.

Since that revelation in 2010, he has built a 10 property portfolio and is still looking for further opportunities to invest.

Freedom is the true definition of wealth, said Pleayo (30), who is profiled in the latest issue of NZ Property Investor magazine.

“Having freedom to choose how you spend your time, what work you do and where you do it from.”

For Pleayo, property investment gives him that freedom.

His top tips for young property investors are:

1) Get a mentor
2) Don’t be too cautious to make a decision
3) Have your goals “in flashing neon lights”
4) Network with people who will encourage you
5) Learn to delegate
6) Celebrate your successes

To read more of Pleayo’s story, click here to get the digital issue of NZ Property Investor magazine.

Subscribe to NZ Property Investor magazine here to get great stories like this delivered to your mailbox every month.

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Comments from our readers

On 4 November 2015 at 6:29 pm Penny D'Abom said:
That is terrible. Investing in property doesn't make the world a better place. He should be using his expensive, taxpayer funded education to be making a difference.

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ANZ 7.39 6.39 6.19 6.19
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 5.79 5.59 5.59
ASB Bank 7.39 5.79 5.49 5.59
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BNZ - Rapid Repay 7.54 - - -
BNZ - Std 7.44 5.79 5.59 5.69
BNZ - TotalMoney 7.54 - - -
CFML 321 Loans ▼5.80 - - -
CFML Home Loans ▼6.25 - - -
CFML Prime Loans ▼7.85 - - -
CFML Standard Loans ▼8.80 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 5.69 - -
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ 6.95 5.79 5.59 5.69
Co-operative Bank - Standard 6.95 6.29 6.09 6.19
Credit Union Auckland 7.70 - - -
First Credit Union Special - 5.99 5.89 -
First Credit Union Standard 7.69 6.69 6.39 -
Heartland Bank - Online 6.99 5.49 5.39 5.45
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society ▼8.15 ▼6.50 ▼6.30 -
ICBC 7.49 5.79 5.59 5.59
Kainga Ora 7.39 5.79 5.59 5.69
Kainga Ora - First Home Buyer Special - - - -
Lender Flt 1yr 2yr 3yr
Kiwibank 7.25 6.69 6.49 6.49
Kiwibank - Offset 7.25 - - -
Kiwibank Special 7.25 5.79 5.59 5.69
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 7.94 5.75 5.99 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
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SBS Bank 7.49 6.95 6.29 6.29
SBS Bank Special - 5.89 5.49 5.69
SBS Construction lending for FHB - - - -
Lender Flt 1yr 2yr 3yr
SBS FirstHome Combo 4.94 4.89 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity ▼9.39 - - -
TSB Bank 8.19 6.49 6.39 6.39
TSB Special 7.39 5.69 5.59 5.59
Unity 7.64 5.79 5.55 -
Unity First Home Buyer special - 5.49 - -
Wairarapa Building Society 7.70 5.95 5.75 -
Westpac 7.39 6.39 6.09 6.19
Westpac Choices Everyday 7.49 - - -
Westpac Offset 7.39 - - -
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Westpac Special - 5.79 5.49 5.59
Median 7.49 5.79 5.69 5.69

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