Investor · Kusatsu, Shiga · Member since 2015 · 147 posts · 87 votes
Hi guys,
I recently met an American on Bigger Pockets who is a real estate investor living in Tokyo. I was wondering if there were any other Japan-based investors out there, especially in Kansai.
@Daniel Mills, I am relatively close to you in Nagoya! I am also looking to possibly get into the Japan market, but it seems complicated for a beginner like me. I am also not opposed to starting with a turn key or something in the US, but I haven't decided which path is right for me at this point.
I would love to chat with anyone who ever comes through Nagoya! I might try to make it to a Tokyo meet up as well as I think I could learn a lot from more experienced investors.
There are, although I think most of us are living in Tokyo! I know a few people who own properties in Kansai but they're all located in Tokyo as well. Are you more primary residence or larger multi unit building focused? Also any good easy to deal with local Kansai banks?
Sorry for the late reply. Right now, all of my investments are in the US. I own 5 SFH in Idaho and Tennessee. But, I do plan on investing here in the future and would just love to meet people close by - even in Tokyo - who are into the same thing.
The only property I own in Japan is my primary residence - I have a loan through Shinsei bank. It's a 3LDK condo right next to Kusatsu Station in Shiga. Amazingly, it's gone up about ¥3,000,000 since I bought it 4 years ago. Pretty rare in Japan.
Hi @Daniel Mills nice to meet you here on BP. I am always keeping my eye open for promising markets for our clients. This is your primary residence, but other investors renting out would have the benefit of both cash flow and capital gain. Rare indeed!
@PritiDonnelly - It's especially rare in Japan, since houses usually lose their full value within 20 years (land is the only thing that retains value). Condos do a bit better, but usually lose some value each year. I think the magic formula here in Japan is to find something close to a major station that is about 15 years old. Most of the value that will go, has gone at that point. But, it's a very strange market compared to the US an Canada.
If you are interested in investing in Japan I would suggest - http://nippontradings.com/
@Daniel Mills, I too am in Tokyo. I just realized there are quite a few people here in Tokyo and there is a meetup. I am hoping to get out to the next one.
@Daniel Mills, I too am in Tokyo. I just realized there are quite a few people here in Tokyo and there is a meetup. I am hoping to get out to the next one.
@Daniel Mills, I am relatively close to you in Nagoya! I am also looking to possibly get into the Japan market, but it seems complicated for a beginner like me. I am also not opposed to starting with a turn key or something in the US, but I haven't decided which path is right for me at this point.
I would love to chat with anyone who ever comes through Nagoya! I might try to make it to a Tokyo meet up as well as I think I could learn a lot from more experienced investors.
Hi @Daniel Mills nice to meet you here on BP. I am always keeping my eye open for promising markets for our clients. This is your primary residence, but other investors renting out would have the benefit of both cash flow and capital gain. Rare indeed!
Hello Jason, I have a similar story as you and game plan. I also moved to Nagoya about 3 months ago. BP is amazing, it blows my mind the more I listen! ... I look back in life like; I've been missing out!!! ... Let's connect, I live in Sakae. Cheers!