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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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AIA Special - 3.05 3.39 3.69
ANZ 4.44 ▼3.29 ▼3.45 ▼3.85
ANZ Special - ▼2.79 ▼2.95 ▼3.35
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ASB Bank Special - ▼2.85 ▼2.69 ▼3.35
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BNZ - Std, FlyBuys 4.55 3.75 3.99 4.39
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BNZ - TotalMoney 4.55 - - -
China Construction Bank 5.50 4.70 4.80 4.95
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Credit Union South 5.65 4.75 4.75 -
Finance Direct - - - -
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Heartland 3.95 2.89 2.97 3.39
Heartland Bank - Online - - - -
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Heretaunga Building Society 4.99 4.35 4.45 -
HSBC Premier 4.49 ▼2.80 ▼2.89 3.50
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HSBC Special - - - -
ICBC ▼4.40 ▼2.95 ▼2.95 ▲3.69
Kainga Ora 4.43 3.55 3.85 4.14
Kiwibank 4.40 3.74 4.14 4.40
Kiwibank - Capped - - - -
Kiwibank - Offset 4.40 - - -
Kiwibank Special - ▼2.65 ▼2.79 ▼3.25
Liberty 5.69 - - -
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Napier Building Society - - - -
Nelson Building Society 4.95 3.75 3.99 -
Pepper Essential 5.18 - 4.98 4.98
Resimac 3.49 3.45 3.39 3.69
RESIMAC Special - - - -
SBS Bank 4.54 4.85 5.05 5.49
SBS Bank Special - ▼2.99 ▼3.05 3.69
The Co-operative Bank - Owner Occ 4.40 3.09 3.35 3.69
The Co-operative Bank - Standard 4.40 3.59 3.85 4.19
TSB Bank 5.34 ▼3.59 ▼3.79 ▼4.19
TSB Special 4.54 ▼2.79 ▼2.99 ▼3.39
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Wairarapa Building Society 4.99 3.95 3.99 -
Westpac 4.59 4.15 4.09 4.49
Westpac - Offset 4.59 - - -
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