Updated 5 months ago on . Most recent reply
Japanese Foreclosure Market
Hello!
Read a bunch of BiggerPockets book as part of a course I took by Derek Moneyberg called Real Estate Riches.
I live in Tokyo and want to invest in the Japanese market despite the many difficulties involved in the market here (depreciation, shrinking population, etc, deflation, etc.)
I think the best way for me to get started is to buy a property in Central Tokyo and house hack, I have probably between 50k-100k liquid that I can use, but I'd like to get financing for a bigger property if possible.
One of the clearest places I can find great deals to maximize money made into a deal is the foreclosures market - but it seems fairly confusing to navigate. I've been able to explore it using this website:
https://981.jp/
Because it is so weird, I feel like I can exchange a lot of value with other people who have developed some insights into that specific niche market.I want to find more out about the specifics of the process, if it's possible to get financing for it, what are the possible pitfalls etc.
Does anyone have any insight to this? Of, if any of you live in Tokyo and want to invest in this market as well, happy to meet up and learn more together.
Cheers!