congrats Jon, and great content again Shu!!!! for all those watching, this channel i believe it's about purchasing and INVESTING in property overseas (kinda like the stock market) .... Shu created this for us to see a SMALL PORTION of what needs to be done to start the process .... I'm in NY(C) as well .... I live in westchester town next to NYC .... it was all i could afford being a single person with a 70k salary .... i love my job and my daily commute is anywhere between 1hr15 to 1hr45 due to the subway .... the commute doesn't bother me as I've been doing this type of commute for over 10 years .... the process for me to purchase my coop i think took me about 6 months .... I've learned a lot recently and have noticed that if you are to purchase in NYC area, unless you are well off, rent first (even rent is expensive) and INVEST in ETFs and index funds.... what you are not spending now will grow TREMENDOUSLY in 20 yrs be being invested ....
We love watching your videos and are interested in purchasing a home in Japan for living half the year. Could you possibly make a video that explains the annual home tax, local taxes, utilities, car taxes, etc.? All the ancillary expenses that are beyond the purchase price of a home. We are both retired and absolutely love the serenity of rural Japan and it's people. Also... costs associated with owning a car/van beyond the purchase price. This info would greatly influence our decision to relocate to Japan. 👍😎⛩️🙏
Plus foreign nationals without residency in Japan would find it tough, if not almost impossible, to get a mortgage. Cash on the hip to purchase in Japan is a necessity.
46k USD overall for an akiya including renovations? Thats great. But who's gonna manage the rentalship(if thats a word - collecting rent, repairs, maintenance, finding new tenants) for the owner? I'm not expecting him to live in jpn.
@@lakelvp I highly doubt it. He said in the video he hadn't even made up his mind on some things, how are they gonna provide a quote for maybe we'll do this? 🤔
If he gets $6,000 a year in rent, it will take 10 years to pay off the initial investment. That's also not counting taxes, insurance and paying management fees to someone yearly.
Hey Shu, I've been addicted to your videos and it's inspired me to start saving to buy an Akiya in Japan. However, I was curious, considering that I am new to homeownership in any sense, how does exchange rate play into buying a house in Japan? If the Yen is worth half as much does that make 10k worth 20k in Japan?
¥7 mill is not bad at all, kinda far for my blood, but I always lived in central Tokyo (Komaba, close to Shibuya, Hiroo, Komaza, Azabudai). You have to sacrifice space the closer you get to the trendy and/or convenient areas. So Jon's buying this as an investment. ¥70,000/month sounds cheap, my place in Komaba (10-min walk to Shibuya) was ¥72,000 for one 6-tatami mat bedroom/living room (LOL), and about a 3-mat kitchen and unit bath.
Japanese. Maybe a foreigner who teaches Engrish in the area. Imagine if you rent that place and find two roommates. ¥70,000/3 = ¥23,333 @ ¥140 (cause it's likely not going to stay around ¥150 I would think, but depends if they keep offering negative interest on JPN Gov't Bonds 🤣, $167/month.
We hope Shu gonna help us to buy a house in Japan me and my wife want to live in Japan for good close to all asian country but first we need to find an apartment or a house to rent
It's a possibility that he needs to discuss renovation plans with the renovation company to get approval. There are building laws in Japan, so approval for renovations could be needed.
@@speaksthis leverage is great until the back end falls out the market. In Japan there is no leverage for foreigners, you cant get a hold of bank cash. That may change, but the banks are extremely risk averse. The Japanese housing market and say UK/US markets are worlds apart.
*I really appreciate your clear and simple breakdown on financial pitfalls! I lost so much money on stook market but now making around $18k to $21k every week trading different stocks and cryptos*
You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires
Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them. People prefer to spend money on liabilities, Rather than investing in assets and be very profitable
very true, a huge part of my portfolio growth has come during this bear market. I've been able to scale from $180K to $572K in a short period of time.… Big gratitude to Josh Olfert🙌
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Where in Japan would you buy a house and why?
Apply for Akiya Income Generator: forms.gle/ZbanpivqL1kch8uV6
Congrats, Jon! You were always in love with Japan - so happy for you!
congrats Jon, and great content again Shu!!!! for all those watching, this channel i believe it's about purchasing and INVESTING in property overseas (kinda like the stock market) .... Shu created this for us to see a SMALL PORTION of what needs to be done to start the process .... I'm in NY(C) as well .... I live in westchester town next to NYC .... it was all i could afford being a single person with a 70k salary .... i love my job and my daily commute is anywhere between 1hr15 to 1hr45 due to the subway .... the commute doesn't bother me as I've been doing this type of commute for over 10 years .... the process for me to purchase my coop i think took me about 6 months .... I've learned a lot recently and have noticed that if you are to purchase in NYC area, unless you are well off, rent first (even rent is expensive) and INVEST in ETFs and index funds.... what you are not spending now will grow TREMENDOUSLY in 20 yrs be being invested ....
Kashiwa's sister city is Torrance, California which is sometimes jokingly referred to as Japan's 48th prefecture.
Amongst Nikkei it's called Buddha-head Capital! It's a Cali thing.
We love watching your videos and are interested in purchasing a home in Japan for living half the year. Could you possibly make a video that explains the annual home tax, local taxes, utilities, car taxes, etc.? All the ancillary expenses that are beyond the purchase price of a home. We are both retired and absolutely love the serenity of rural Japan and it's people.
Also... costs associated with owning a car/van beyond the purchase price.
This info would greatly influence our decision to relocate to Japan.
👍😎⛩️🙏
l definitely agree on this point!!!
Plus foreign nationals without residency in Japan would find it tough, if not almost impossible, to get a mortgage. Cash on the hip to purchase in Japan is a necessity.
Not only that. Foreign nationals without residency could not even LIVE in such a house. Or any house. What good is it to own if you can't live there?
@@KoguryoKid people have other prerogatives bar living in the houses. This guys investing and his potential return looks feasible.
Not almost impossible, is impossible unless it's the Yakety Yak, don't talk back, who funds it. But they wouldn't.
46k USD overall for an akiya including renovations? Thats great. But who's gonna manage the rentalship(if thats a word - collecting rent, repairs, maintenance, finding new tenants) for the owner? I'm not expecting him to live in jpn.
Property management companies, shouldn't be too expensive as long as it's just long term rentals.
Not inc renovations, he said 7 mill for the house. He didn't mention reno costs...unless I missed it.
@@bobbyclemente21 I heard him say renovation was included.
@@lakelvp I highly doubt it. He said in the video he hadn't even made up his mind on some things, how are they gonna provide a quote for maybe we'll do this? 🤔
This is awesome. Would you please post a followup in six months with actuals?
If he gets $6,000 a year in rent, it will take 10 years to pay off the initial investment. That's also not counting taxes, insurance and paying management fees to someone yearly.
10%-12% per year is a really good for a cash flow producing investment
@@jonhashlinares3198yes but risk reward
Yes, I thought of that and that he said he would use the income to invest in other properties by paying cash. Gonna be a while for #2.
@@speaksthis He's gotta have other cash, no way he'll buy property #2 just from that, you're right. 🤣
Hey Shu, I've been addicted to your videos and it's inspired me to start saving to buy an Akiya in Japan. However, I was curious, considering that I am new to homeownership in any sense, how does exchange rate play into buying a house in Japan? If the Yen is worth half as much does that make 10k worth 20k in Japan?
¥7 mill is not bad at all, kinda far for my blood, but I always lived in central Tokyo (Komaba, close to Shibuya, Hiroo, Komaza, Azabudai). You have to sacrifice space the closer you get to the trendy and/or convenient areas. So Jon's buying this as an investment. ¥70,000/month sounds cheap, my place in Komaba (10-min walk to Shibuya) was ¥72,000 for one 6-tatami mat bedroom/living room (LOL), and about a 3-mat kitchen and unit bath.
I am not convinced as who would rent in that area.
Japanese. Maybe a foreigner who teaches Engrish in the area. Imagine if you rent that place and find two roommates. ¥70,000/3 = ¥23,333 @ ¥140 (cause it's likely not going to stay around ¥150 I would think, but depends if they keep offering negative interest on JPN Gov't Bonds 🤣, $167/month.
We hope Shu gonna help us to buy a house in Japan me and my wife want to live in Japan for good close to all asian country but first we need to find an apartment or a house to rent
Are Japanese quiet neighbors? Anyway, any idea what Japan would require for an American to buy a place and retire? The US is getting scary.
The renovations aren't up to the owner? He was talking as if the renovations are all being decided by others, and not his own choices of design
Yes, that was really strange.
It's a possibility that he needs to discuss renovation plans with the renovation company to get approval. There are building laws in Japan, so approval for renovations could be needed.
I think he's getting recommendations from the reno company and just talks that way, lol.
Someone please teach him the meaning of "leverage".
@@speaksthis leverage is great until the back end falls out the market. In Japan there is no leverage for foreigners, you cant get a hold of bank cash. That may change, but the banks are extremely risk averse. The Japanese housing market and say UK/US markets are worlds apart.
@@simon-croft - You are incorrect. Loans can be achieved, and "leverage," means something entirely different without context.
@ not for this guy they can’t he’s not a resident.
Can't leverage if you don't live in Japan. 😭
Jon is single if anyone interested.
How to access and buy these cheap houses you show in videos? Is there an agent or lawto talk to? Or have their contact?
Thanks
*I really appreciate your clear and simple breakdown on financial pitfalls! I lost so much money on stook market but now making around $18k to $21k every week trading different stocks and cryptos*
You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires
Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them. People prefer to spend money on liabilities, Rather than investing in assets and be very profitable
You are so correct! Save, invest and spend for necessities and a few small luxuries relatives to one's total assets ratio.
very true, a huge part of my portfolio growth has come during this bear market. I've been able to scale from $180K to $572K in a short period of time.… Big gratitude to Josh Olfert🙌
Hello how do you make such monthly?? I'm a born Christian and sometimes I feel so down 🤦♀️of myself because of low finance but I still believe in God