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Big bold strategy

Retired from a piloting career at the age of 29, Jesse Adams is following an ambitious strategy to create a high equity portfolio and lasting freedom.

Thursday, May 25th 2017, 8:00AM

by The Landlord

Property investor Jesse Adams

To find out how he has gone about doing this and how he plans to continue moving forward, we talked to Adams for the latest issue of NZ Property Investor magazine.

It’s a weird vibe when you say you are retired at the age of 29, he told us.

“People see you as lazy or they ask you how your holiday was and when are you going back to work. I’m not. This is my life.”

Adams (now 31) and his partner Leah Tagaloa (29) quit their jobs in 2015 and have been travelling for the past 18 months.

Their plan is never to work in traditional employment again.

But how is this possible?

The couple have a high-equity portfolio of properties in New Zealand, which also provides them with seven rental streams, and a bold strategy.

They are leveraging their capital gains into a project designed to generate considerable passive income, allowing them to continue buying and holding high value rental properties.

The project involves building a resort on an island off the coast of Indonesia which will provide them with better cash flow.

But their long-term plan is to use the income from the resort to buy more properties in Auckland and Sydney – and to build a second resort if more cash is required.

The resort answers the serviceability question and completion should be early to mid-2018 which will, hopefully, time well, Adams said.

“The Auckland boom’s coming to an end, the big growth is behind us. When the resort is up and running, we should be able to snap up some good bargains.”

The young go-getter has a couple of essential pieces of advice for those who might be interested in emulating his climb up the property ladder.

1. Borrowing is better than saving when it comes to getting a foot on the property ladder. Borrow the deposit. People trying to save for a deposit will take 10 years. With money so cheap, it makes sense to borrow rather than save.

2. The easiest, most obvious method to get started is to secure a deposit against your parents’, or a willing family member or friend’s, house. If they’re not using the equity, why not use it?

To read more about Adams’ property journey and his strategy, 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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AIA 4.55 3.19 3.19 3.49
AIA Special - 2.69 2.69 2.99
ANZ 4.44 3.15 3.25 ▼3.39
ANZ Special - ▼2.55 ▼2.69 ▼2.79
ASB Bank 4.45 3.19 3.19 3.49
ASB Bank Special - 2.69 2.69 2.99
Bluestone ▼3.49 ▼3.49 ▼3.49 ▼3.49
BNZ - Classic - ▼2.55 2.69 2.99
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 3.25 3.29 3.59
Lender Flt 1yr 2yr 3yr
BNZ - TotalMoney 4.55 - - -
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland 5.45 - - -
Credit Union Baywide 5.65 4.75 4.75 -
Credit Union South 5.65 4.75 4.75 -
First Credit Union Special 5.85 3.35 3.85 -
Heartland 3.95 2.89 2.97 3.39
Heartland Bank - Online - - - -
Heretaunga Building Society 4.99 4.35 4.45 -
HSBC Premier 4.49 2.60 2.65 2.80
Lender Flt 1yr 2yr 3yr
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 3.99 2.58 2.68 2.79
Kainga Ora 4.43 3.29 3.39 3.85
Kiwibank 3.40 3.40 3.54 4.00
Kiwibank - Capped - - - -
Kiwibank - Offset - - - -
Kiwibank Special 3.40 2.65 2.79 3.25
Liberty 5.69 - - -
Nelson Building Society 4.95 3.45 3.49 -
Pepper Essential 4.79 - - -
Lender Flt 1yr 2yr 3yr
Resimac 3.49 3.45 3.39 3.69
SBS Bank 4.54 3.29 3.19 3.49
SBS Bank Special - 2.79 2.69 2.99
The Co-operative Bank - Owner Occ 4.40 ▼2.69 ▼2.75 ▼2.99
The Co-operative Bank - Standard 4.40 ▼3.19 ▼3.25 ▼3.49
TSB Bank 5.34 ▼3.35 3.49 3.79
TSB Special 4.54 ▼2.55 2.69 2.99
Wairarapa Building Society 4.99 3.75 3.99 -
Westpac 4.59 4.15 4.09 4.49
Westpac - Offset 4.59 - - -
Westpac Special - ▼2.55 2.69 2.79
Median 4.55 3.19 3.22 3.39

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