Israeli-born property investor Roy Adams
When you move to a new country without your family around you, success isn’t an option, it’s an imperative, according to Israeli-born property investor Adams.
“Immigrants – we just have to make it, there’s no safety net,” he says in his profile in the latest issue of NZ Property Investor magazine.
“Circumstances force us to evolve and develop. Necessity is a great motivator.”
So how does a young man from Tel Aviv end up in Auckland with $5 million in property?
At the age of 28, Adams’ Australia-based aunt came to visit his family in Israel and he was intrigued enough by her descriptions to make the 13,000km trip across the globe to visit her.
He loved Australia and wanted to stay – and his aunty had a plan. But it was one which he didn’t agree with.
This led Adams to do some research and he found that his skills as a computer programmer were in hot demand in Australia and New Zealand.
He secured an excellent job in Dunedin and made the shift across the ditch.
Dunedin, home to just 127,000 people, was a far cry from Tel Aviv, a major Middle Eastern centre with a metropolitan population of 3.7 million.
But Adams loved it and it’s where he got his start in investment property.
Now he is fast approaching his portfolio goal of 25 properties, which will yield passive cash flow of $150,000 per annum, and is a firm advocate for the power of property to achieve your dreams.
Here are Adams’ top six tips for building your portfolio
1. Get a coach
2. Be up to date
3. Take the property news with a grain of salt
4. Do your due diligence
5. Invest in good areas
6. Run your investing like a business
To read more about Adams’ property journey, along with further details of his tips, click here to get the digital issue of NZ Property Investor magazine.
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