I’m surprised not more Chinese have flooded the akiya or even newly built homes in Tokyo. Is there some Japanese law that curbs Chinese investors to buy more property in Tokyo due to the history of the two countries?
I’ve bought an Akiya in Japan by accident. The original price was $60k and jokingly I said `no…but maybe if it was $20K ill do it.` and they said ok. During Covid, I renovated it mostly by myself. It took me one year and spent an extra $30k. Now its being used as a space for artists in Nara City and charging 1K a month for rent.
@@musafir123 What he paid is probably a fair price for the land. Without seeing the house it's hard to say. If it's old whether the buyer keeps the house or not wouldn't factor in so much. The 100 year old house across the street from me was sold. Farmer's house. It had been continuously lived in and the owners had both recently passed away. What's there now... EIGHT NEW HOUSES. I'm not sad because it would have 100% become an overgrown eyesore in no time. It was prime residential land in an area that doesn't turn agricultural land over to residential use easily because they want people building new homes where services are already provided and not 5km away from the centre of town.
Thanks for the interview Shu. I apologize for talking so much and so fast. I guess I had a lot to say. lol 😅 I'm really glad that I changed your mind on Japanese real estate. 😅
Thanks for hosting me, man. Your story is inspiring. You just get sh*t done. You have a story that needs to be heard. Keep up the great work! See in when you are at 20 ;)
Hey Colin, I would love to buy properties in Japan, please teach me how, also, you guys talked about exit strategy, I can be your exit strategy just in case you want to sell your property, great video!!!
Colin mentioned something that really hit home from my time living in Asia for over 10 years. He talked about how the landlords will not raise rents to ridiculous extremes as they want to ensure that people can afford to rent. They always look out for their fellow countrymen and women. There is a great sense of care and respect for others, regardless of whether you are a salary person or a big executive. In my home country, they are always looking at how they can get ahead, even if it means stepping on other people to get there. . When the government gives landlords the opportunity they will raise the rents to whatever they can get, they have no qualms about whether a family will have a home in the morning or not.
@@shumatsuopost That is another possibility, inflation seems to have hit many countries across the globe but at the same time, it has been used as a way to create price hikes.
Rent prices outpace inflation. And inflation doesn't effect the landlord especially when they own it free and clear. They do it because they can, and don't care.
I really enjoyed this interview. Thanks to Colin and some other youtubers I managed to close on my house in Japan mid April this year and I am looking forward to going back to Japan in late July to begin the renovations. Thank you so much to the both of you :)
Great interview. I'm Singaporean married to a Japanese. It's been my dream to move to Japan and do what Colin does. Except I'm a lot older and I have 3 young kids. So it's a bit of a challenge. But the goal is to make the move in 2 years.
Wow, Shu! You nailed your first interview! Congratulations! And, choosing Colin was a great choice too! I'm so happy for you guys, but I'm drowning in a sea of 悔しい I don't know what to think. Thank you so much. This is so interesting!
I think Chinese are not buying more property in Japan because there is no immigration law in Japan to have a Japanese residency permit for foreigners when investing in properties whereas in most of the other countries they do. Chinese are looking to have another passport or foreign identity document other than being only Chinese citizens to have a back up plan when things might get ugly there, lol!
It takes YEARS of continual living and working in Japan to get Japanese Permanent Residency. Chinese aren't buying property as a fallback country to live in.
@@busterbiloxi3833 Not in all parts. Tokyo, Osaka, Yokohama , Kyoto - yup, as investments. However, in areas other than Tokyo, Osaka, Kyoto, I don’t think they will snatch those up. Plenty of Akiyas in certain parts of Kyushu and nobody wants them because of depopulation.
Great interview - congrats to Colin for his ten year adventure in Japan and to Shu for sharing a wonderful and informative conversation as well as growing your YT channel. Bravo and keep up the awesome content.
For foreigner's, the real question is how they can get to Japan in the first place. Though you did mention he was an English teacher at first, that seems fairly common. But is there a better way?
It depends on how badly you want to get to Japan and how much effort you're willing to put in. I did a video on that as well: th-cam.com/video/1q0RCnOjUUU/w-d-xo.html
@@shumatsuopost You can buy a house though and just visit on a tourist visa, right? Will they keep extending your visa so you can live there for long-periods?
I think he is giving good advice to buy yourself a place in Japan (if you move away you can always rent it out and then have the option of moving back later). I am interested in buying a place in Japan to renovate and use as a base, I will not qualify for a loan or be able to get approval for a rental. But if I own it outright I can rent it out for periods of time.
How do u manage the properties using a property management firm or on your own via a business? What’s the cost of managing the properties and what is the time frame you have to get your return on your investment back?
The Canadian is low on his rent estimates for CA. Also he doesn’t talk about expenses for repairs. 10 houses is 10x potentials issues. Also the appreciation of property in Japan doesn’t compare. Maybe it’s changing a little but for the most part the house continues to lose value as opposed to US where sometimes you can do nothing regarding renovations and still have it increase. That said a lot of good information.
the reason japan has reasonable property prices is that the japanese construct new properties super fast compared to other countries. i.g. they increase the supply of new homes to match the demand.
Great video; thank you for sharing! My husband and I are both foreigners in Japan, and we just received a Startup Business visa for our small business in rural Ehime (Ōmishima). We bought our first akiya while we were still on tourist status (although we now have residency) and we hope to purchase our second akiya by the end of the year. The first will be a guesthouse, and the second will be our own home.
@@lisabernard8637 Yes of course! I plan to make a video of the process step-by-step, but currently my videos are more about the akiya renovation. You apply for the Startup visa through the city or prefecture that offers it. It's a new program and not offered nationwide. You can look online to see where it's offered. We were actually the first to go through the program in Imabari! So you start by first finding out where you want to apply. Then you complete the application, business plan, and other required documents. Then they award you with a certificate of recommendation, which you take to immigration, who officially awards your visa. The city or prefecture monitors your progress closely during the 6 months (this is where we're at in the process), and if they're happy with your business, they give you another letter of recommendation for your visa renewal. At that time, immigration will transfer your visa from Startup to 1-year Business Manager visa. I hope that makes sense! We're still in the process ourselves.
@@Tyranthraxus78 The guesthouse was only part of our business plan, which also includes a honeybee / farm business, and my photography. It's just my husband and I, and these are the same three main income streams we had in the US, before we moved to Mexico, then settled in Japan. We received the Startup Business visa, and now that we've met our deadlines, we're currently in the process of transferring the Startup to a Business Manager visa. Hope that helps!
An issue to consider with investing in property in Japan is the inheritance tax. If you possess a significant portfolio or high-value real estate, the government may take up to 40% of its value. This can undermine the goal of creating wealth in Japan if you cannot pass it down to your family without the government taking a large portion. Can you touch on this more and if there is any workaround?
I think many real estate investors in Japan have their own companies. Company owned properties are not charged with individual’s inheritance tax. You can give the company to your child(ren) before you pass.
New to your channel. I'm retired military and have been investing real estate during my career. I had to move every 3 years and just kept them! I like Colin's story and agree with his logic; especially about acclimating to the culture and fostering relationships. I traveled extensively in Asia in the 1970's and 80's but the only place where I was stationed on Japanese soil was Okinawa. I think giving it a try would be fun but I'd definitely have to do some research to get the right mindset. I think the cultural nuances help in finding a pool of suitable renters and I understand and appreciate not being a predatory landlord because turnover hurts you. My big concern would be property management and I have my work cut out for me to perform that task effectively without being a local. Thanks for posting!
I rent here in Japan, since my company subsidizes my rent can't beat 50,000 yen for a 3LDK in the heart of Osaka. and I build houses and rent them in the US, mainly Chicago.
The motto of this Video is..."I got tired of Canada" When your just so damn tired of being tired, that you begin the first steps towards your Dreams! This Video started it all. Thank You very much!
I believe what Colin is saying. The average Australian house has gone up $250,000 in the last two and half years. I’m visiting my son and new grandchild in Tokyo right now. My son is of the mindset that it’s not worth buying real estate in Tokyo because it will never appreciate. I’m going to show him this video today if he will watch it to try and change his mind. He has a finance degree from Australia. Any chance he could meet you guys to have a chat while I’m here? I’d love to meet you too. He could possibly be an asset to your company.by bringing Australian investors to you. The Chinese have been investing heavily in the Australian housing market and now they’re investing in the Japanese market too. They are savvy investors. I believe the Japanese market will start appreciating soon as it has in Australia.
That's the problem with us Aussies where everybody is a RE investor 🤣 - all ppl think about is the "capital gains". We sold our house and escaped Melbourne in March 2022, have 2 properties here in Japan now (both undergoing renovations). Once I have my JP permanent residency I can see building a positive cashflow RE portfolio. It is actually not a dream but a real possiblity here - unlike in Australia where getting into the market is nearly impossible.
Chinese investors in Australia, especially in Sydney and Melbourne, are quite different from Japanese investors. You might not fully understand the reasons behind Chinese investments in Australia.
We used to have a housemate, the grandparents have an old traditional big house and garden in central Tokyo. Then they have a plot of land. They build a complex of apartments. This set up is under a company. Then grandpa passed away, grandma carried on with daughter. Daughter married a broke Romeo. Divorced. She still carried on assisting the mother until the mother passed on four years ago. Now she is the boss with a son assisting. They live a very good life with no money worries. Travel to London. Every quarterly. My friend,Daughter felt too proud to work with the family business. So work as a travel agent assistant. The property in Tokyo according to a friend is like gold. Especially for locals to afford a decent size place. The property outside the big city is affordable. In the long run, the price will outpace the current price. When non locals with better currency will buy property lock stock and barrel, slowly there will be a jump in the trend.then it will be a Vicious cycle. Then the issues will be hard for locals to afford a decent property with their low salary. Since most of their big corp been expanding abroad and so they been cutting decent pay, pension and perks. The worst scenario is when the zero hour contracts have become a practice. Then the earnings barely feed the mouth and upkeep.let alone the loan or rental. Surprised to hear a finance man gives reason like that about the property in Tokyo. Property if manage properly, long term rental, short term, air BnB, etc the like, it gives passive income and when.the time is right, still gives good return if proper tax planning in line. Peace
I think the bank we got the loan at is all the way out in Miura, but we have a decent yard and it's a 10 minute walk to the Kiekyu line. Only bad part is we can't rent out this place until we pay this one off, and there are penalties if you overpay the mortgage, so I think the plan is to get a place outright and rent that one out. Also the mortgage rates in Japan are AMAZING, especially with the current exchange rates. Great video.
@@pmorton7960 So it was in Miura, or it wasn't. Hey man, I'm not against you. Ten properties in twenty years is very good. I just want the TRUE FACTS exposed.
@@busterbiloxi3833 Fact is since I'm a foreigner it took a few banks and housing agencies to make it happen. The original housing guy had to reach out to his mentor in Yokohama and they made it happen, with a 30% down payment.
He's from Canada, but everything about him screams American. Good interview and great information. I would like to know how Colin started teaching English in Japan... like, did he go over on the JET program, or something similar?
Why do I scream American? lol I'm actually Japanese at heart as I always gave into what my friends wanted growing up. I have always been unorthodox, but sometimes I caved to the peer pressure of my Canadian friends. lol Japan allowed me to feel like it was ok to do it my way and what I wanted. I actually came over with $1000 in my pocket and lived with my GFs family and worked in a bar ;) That's a good story in itself, I may tell one day.
@@KickAssets Because teach English need degrees, thats why ppl asking. 15y ago it might easy teach without degrees to fulfill papers & proven if they have quality to teach. But 10y ago till now, it update. Ppl must have degrees or certifields to tech. Btw, foreigners travel there can apply buy house?? I saw alot foreigners buy 1$ give away free house in countryside. What is this?? Im curious but not much information about this. If i travel there & working as freelancer, can i apply at this project buy "free house" give by gorverment??
@@candicetran9620 You shouldn't think free. Even if you find a house for under 1,000,000 yen it will need a lot of work and/or in bad location. You don't need teaching degrees to get a lot of jobs, just personality. The point of the degree is to be able to get a visa. Some schools might be strict, but there are a lot of opportunities. It's case by case.
@@KickAssets I know where you are coming from Colin. I’ve been here for 30 years and I think we become more outgoing as we teach English and entertain the students. It’s not American, it’s just being expressive. anyhow I really enjoyed your interview and tons of respect for what you have achieved here! I’d love to meet you someday.
People will leave their computers or wallets on the table in a restaurant or cafe when they go to the washroom. We don’t think about locking our doors until we go to sleep.
I am happy they are doing well, as for myself, I am from Vancouver as well. I have been living in Japan for over 10 years now and most of the reasons why left Vancouver I can agree with. I, too, have a successful English school as well. The video is a little misleading, that it is true any foreigner can purchase property in Japan. But Japan has a zero immigration policy. Owning property in Japan does not mean that a foreigner will be able to acquire a visa or permanent resident status because they own real estate properties in Japan. Plus, it is very difficult to immigrate to Japan, unless you marry a Japanese national.
This! I’m already happily married to another US citizen and we both have remote work for ourselves so don’t need a Japanese employer. They have a shrinking population and really should make it easier for immigration for those who already have work. I would buy property in a heartbeat.
Hey! I'd like to ask for a remote location, far from crowds and close to scenery such as forests, rural regions, a bit isolated in Japan. Which regions should I pick?
This was very enlightening Shu and absolutely god-like interview. I'm moving to Japan as a nikkei second descendent next year from the UK. From this albeit brief hour I am sure we are very much aligned in both goals and philosophy. If Colin is looking for an apprentice I would love to assist and learn from his wisdom. Is there a way to get in touch with him?
Thanks for the video and for sharing. Investing in property in Japan can be more challenging due to: - Language barriers - Permanent residency - Risks of earthquakes and tsunami Could you share more information on these topics or provide any video clips on them ? I believe these are concern for most people. Thank you.
it is now feb 2024, and japanese yen had depreciated about 17% since the time this youtube video was made back in may 2023. i sure hope collin's portfolio didn't go down as much during this time, but either way, i personally don't see japan as a good place to invest in housing market.
Yep. Debt to GDP of >260%, declining and ageing population, zero growth, weakening yen and a government that has zero interest in immigration makes this a very risky investment. Not to say it can’t be made to work, but the houses are cheap for a very good reason. Japans population is estimated to fall by 12 million in the next 15 years. Colin scoffs at this at 12:00 but all the experts and statistics point to this.
Might actually be an opportunity to really be able to afford a house. Save while I’m in the US, buy one with cash, work on it over time and get a simple work from home job to cover my necessities.
I love Colin's investor mindset. My husband (Japanese) and I (Half Japanese American) also live in a 100 year old farmhouse in the country that we paid for in cash. (With the help from relatives) The idea of renting out our house sounds nice but I have known of two rental houses that the occupants accidently burnt down. Oh my god. I guess that's the risk you take. Definitely food for thought.
very cool, learned a lot.... does he employ property managers when he rents out his homes? and does he require reikin 礼金 from his tenants, and how many month(s) of shikikin 敷金 does he require from his tenants? Thanks in advance
I think you have a knit for interviewing people. I also watched the interview with the 98-property-guy and enjoyed it. I hope you will find more interesting people like these two, and do more of this contend.
Colin reminds me of Joe Pesci back in the 80's. Rough on the edges but straight to the point (for anyone serious in emulating what he has done, it's a good start). There is one thing I would like to add: Japanese renters in general are more dependable/trustworthy, compared to majority of the world. When I rented furnished apts to them in China, they were always easy to deal w/ and never worry on their ability to pay. In the US, commercial landlords love credit/corp rated tenant since the check always hits on the 1st to 3rd of the month vs independent operator who drags till the 10-15th.
Your videos are interesting. But I need to ask: 1) If owning is better than renting - then why don't the locals just buy? Why rent? I ask because you talk about cash flow so I assume there is rent being applied to these properties. 2) What is the average return on your investment after income tax, property tax, repairs and maintenance? 3) Is the capital appreciation for the property still increasing? There are a lot of abandoned houses in Japan - and I don't think anyone would abandon a property that is valuable (relative to its investment cost) right? I was offered several properties in Tokyo outskirts but the returns were only 5-6% per annum after taxes. I haven't even factored in repairs and maintenance.
When I was a young man, I worked for a guy who made his fortune in real estate. As a way to get rich, he didn't recommend it. Between the cost of maintenance, dealing with people who fall behind on their rent, natural disasters, the vagaries and fluctuations in real estate prices, it's more work than people think. If you have an independent income, significant savings, or a job which isn't location-dependent, Japan can be a great place to find a great deal on a great home (outside the cities). But home prices in the countryside are low for a reason, lack of jobs, low wages for what work there is, and almost nothing in the way of entrepreneurial opportunities. It's very easy to find cheap real estate in Japan, but it's very hard to get an income out of it.
@@shumatsuopost I also been investing in real estate for a long time and there are many takeaways he talks about 1. Rent first capital growth not guaranteed 2. Ignore noise from friends look at fundamentals 3. Beware of real estate investment sellers Also very humble. He has not done achieved his investments with huge salary backing.
@@shumatsuopost I invest in real estate which I been doing for about 25 years. I buy units and rent and last 2 years been buying old houses on land, renovate to get good rental yield. I trade shares a little to help with cashflow. I resonate with his thinking both in investing and understanding culture.
Really appreciate this conversation and the honesty and realness of the answers, especially focus on the time it takes. Besides marrying a Japanese national or being a Japanese diaspora member, is there a way to overcome the obstacle of visa and permanent residency? As a real estate investor can you receive an investor visa by forming an investment company to manage real estate properties?
Vancouver's housing price went up by 500% from 2000 to now, imagine all the akiya you could afford with these capital gains lol But houes essentially will be worthless in japan after 30 yrs, and you will pay taxes based on the land you own, is the return still decent net of all the fees and taxes considering time value as well given no capital gains? and of course there will be the 相続税 when you pass on the properties. Vancouver real estate has been a harbour for global weath to park their cash, can you say the same for some of the cities in japan tho🤔
This is a great interview. Thank you who much for sharing. Interesting him saying he does not use agents to buy houses. I don’t use agents here in the US either for similar reasons.
@@KickAssets is there much of buying houses off market there as it is here in the US? Many times here there are people that don't want to list with an agent because of the condition of the house, the timeline in which they want to sell, privacy reasons, or any number of things. The most amount of money for the house isn't always peoples priority.
@@danielshaffer3454 There could be, but most people use agents either way. And some of those off market deals may just be scooped by other agents :D. You just never know tho. :)
Absolutely love this video. You are both intelligent with strong points of view. But Collin is challenging my preconceived notions that it's too dangerous to ever invest in Japanese real estate. Fascinating discussion.
Haha...he mentioned 🇸🇬 properties are the most expensive and he also mentioned other bigger cities like Tokyo, but he forgotten KL🇲🇾...there are also lot of expats coming here to buy properties.
Haha “Japan doesn’t go in for flipping and making money on assets”, said in the country that had the biggest asset bubble ever based exactly on that mentality. Maybe they learnt, but humans being humans they’ll be other bubbles in Japan. 😂 still a fun and informative interview. Thanks!
Real estate is not just capital gains and rental income Long ago invested 650k in Tokyo. This makes it easy to borrow 400k Put in in a stock account use 200k margin and buy 600k Sell for 1.2 mil or more. Can trade 1 to 2 mil a month using real estate as colateral. I see this as better than capital gains or rental income.
@@shumatsuopost like most people 2 years ago gush 14 to 200 this year KOLD 10 to 85. Something is always rising. But I make money even when the market falls. DRIP DUST SOXS YANG TZA. others
@LongThanh-ew4tf i want to learn more about stock market can u give information like how u started where did u learn anything about it that would be appreciated
Part of the problem is that we see homes as investments, which they can be, but this creates the bubbles in the markests that become over priced one decade and pop the next decade. Homes are consummables, everyone needs them. It's sad we view them as a way to store value.
For a retiree, there is no retirement visa Buy a house and u still cannot get a one year residency permit I would only be in Japan 2 or 3 months a year once or twice I could always fly to Bali or the Phillipines or Korea to reset my visa. I dont care about capital appreciation or rent I can make far more in the stock market. It is just a cheap safe place to live in the countryside. Do this in Thailand, Vietnam and the Phillipines.
@@shumatsuopost make $2000 to $4000 from 4 or more sources online business pension real estate trading dividends writing teaching many ways expat since 1988
The only reason the Chinese haven't bought up most of Tokyo is that you don't get a permanent visa for doing so -- and thank god for that! Otherwise, locals would be priced out like in Canada, NZ and OZ, and there would be a huge housing bubble. And talk about ironic: They mention in the video how safe Japan is (I agree) but he had $20,000 stolen from his home! Ouch. Also, good point about "Akiya": maybe good to fix up and live in, but not really for investing.
Is there money to be made renovating the houses then selling them? I have no desire to be a landlord, but I have done this all over the southwestern US. Its fun.
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FREE GUIDE: How to Buy an Akiya as a Foreigner: stan.store/shumatsuopost
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The title says he bought 10 Akiya houses. He said none of them were Akiya houses.
Yeah, Shu loves to hype the free/cheap house thing to get clicks.
Pretty sketchy.@@playbackamusicloversjourne8620
I’m surprised not more Chinese have flooded the akiya or even newly built homes in Tokyo. Is there some Japanese law that curbs Chinese investors to buy more property in Tokyo due to the history of the two countries?
I’ve bought an Akiya in Japan by accident. The original price was $60k and jokingly I said `no…but maybe if it was $20K ill do it.` and they said ok. During Covid, I renovated it mostly by myself. It took me one year and spent an extra $30k. Now its being used as a space for artists in Nara City and charging 1K a month for rent.
That's amazing! Can I interview you about your experience?? :)
I think he needed money so he had sold you cheaply but should give him fair price
@@musafir123 not at all. A lot of these properties are burden to some owners.
@es7228 do you have a business email we can send questions to?
@@musafir123 What he paid is probably a fair price for the land. Without seeing the house it's hard to say. If it's old whether the buyer keeps the house or not wouldn't factor in so much.
The 100 year old house across the street from me was sold. Farmer's house. It had been continuously lived in and the owners had both recently passed away. What's there now... EIGHT NEW HOUSES. I'm not sad because it would have 100% become an overgrown eyesore in no time. It was prime residential land in an area that doesn't turn agricultural land over to residential use easily because they want people building new homes where services are already provided and not 5km away from the centre of town.
Thanks for the interview Shu. I apologize for talking so much and so fast. I guess I had a lot to say. lol 😅 I'm really glad that I changed your mind on Japanese real estate. 😅
Thanks for hosting me, man. Your story is inspiring. You just get sh*t done. You have a story that needs to be heard. Keep up the great work! See in when you are at 20 ;)
Hey Colin, I would love to buy properties in Japan, please teach me how, also, you guys talked about exit strategy, I can be your exit strategy just in case you want to sell your property, great video!!!
We have a lot of similarities in our background. Which part of Vancouver were you from?
@@TheOriginalNiceGuy East-Van lol
@@KickAssets I lived in North Van and Horseshoe Bay wayback when.
Colin mentioned something that really hit home from my time living in Asia for over 10 years. He talked about how the landlords will not raise rents to ridiculous extremes as they want to ensure that people can afford to rent. They always look out for their fellow countrymen and women. There is a great sense of care and respect for others, regardless of whether you are a salary person or a big executive. In my home country, they are always looking at how they can get ahead, even if it means stepping on other people to get there.
. When the government gives landlords the opportunity they will raise the rents to whatever they can get, they have no qualms about whether a family will have a home in the morning or not.
Thanks for sharing that. That's a wonderful culture we have in Japan and Asia. Do you think it also has to do with inflation?
There is much truth in what you write.
@@shumatsuopost That is another possibility, inflation seems to have hit many countries across the globe but at the same time, it has been used as a way to create price hikes.
Rent prices outpace inflation. And inflation doesn't effect the landlord especially when they own it free and clear. They do it because they can, and don't care.
Thanks for noticing. There is a kind of respect and in many cases they will undervalue what they have.
I really enjoyed this interview. Thanks to Colin and some other youtubers I managed to close on my house in Japan mid April this year and I am looking forward to going back to Japan in late July to begin the renovations. Thank you so much to the both of you :)
That is awesome! Glad you enjoyed it!
Wow. Congrats Bro on the House!
Great interview. I'm Singaporean married to a Japanese. It's been my dream to move to Japan and do what Colin does. Except I'm a lot older and I have 3 young kids. So it's a bit of a challenge. But the goal is to make the move in 2 years.
Awesome. Be sure to reach out to us when you're ready to pull the trigger :) We can help.
Wow, Shu! You nailed your first interview! Congratulations! And, choosing Colin was a great choice too! I'm so happy for you guys, but I'm drowning in a sea of 悔しい I don't know what to think. Thank you so much. This is so interesting!
Thank you so much!!
I love this comment "I'm drowning in a sea of 悔しい" haha Thanks.
I think Chinese are not buying more property in Japan because there is no immigration law in Japan to have a Japanese residency permit for foreigners when investing in properties whereas in most of the other countries they do. Chinese are looking to have another passport or foreign identity document other than being only Chinese citizens to have a back up plan when things might get ugly there, lol!
It takes YEARS of continual living and working in Japan to get Japanese Permanent Residency. Chinese aren't buying property as a fallback country to live in.
@@wendyon4517yes they are. I know people who have done just this or to launder money out of China
They are not buying because of the maintenance costs rising over the years.
@@Omagatsuhi The Chinese are buying lots of properties in Japan. The anchor babies are in Canada and the US.
@@busterbiloxi3833 Not in all parts. Tokyo, Osaka, Yokohama , Kyoto - yup, as investments. However, in areas other than Tokyo, Osaka, Kyoto, I don’t think they will snatch those up. Plenty of Akiyas in certain parts of Kyushu and nobody wants them because of depopulation.
Colin is awesome. I appreciate his insight form his experiences in Japan. Thank you for having him on and asking such great questions.
Thanks for kind words, William! Appreciate your support - more coming from us :)
Great interview - congrats to Colin for his ten year adventure in Japan and to Shu for sharing a wonderful and informative conversation as well as growing your YT channel. Bravo and keep up the awesome content.
Thanks for the kind words! Appreciate your support, Dave!
For foreigner's, the real question is how they can get to Japan in the first place. Though you did mention he was an English teacher at first, that seems fairly common. But is there a better way?
It depends on how badly you want to get to Japan and how much effort you're willing to put in. I did a video on that as well: th-cam.com/video/1q0RCnOjUUU/w-d-xo.html
@@shumatsuopost You can buy a house though and just visit on a tourist visa, right? Will they keep extending your visa so you can live there for long-periods?
Great interview and good information to buy a house in Japan, we have owned a Japanese house for 5 years, and our house is around $30,000 right now.
That's incredible! Glad you liked it!
Great interview. I gained so much information from this. Thanks.
Glad it was helpful!
I think he is giving good advice to buy yourself a place in Japan (if you move away you can always rent it out and then have the option of moving back later). I am interested in buying a place in Japan to renovate and use as a base, I will not qualify for a loan or be able to get approval for a rental. But if I own it outright I can rent it out for periods of time.
Yup, you understood very well :D
If you want personalized help with your home search in Japan, let us know! forms.gle/nvEjiwAcN3LCS7da8
Easier said than done.
Awesome interview!
Thank you for sharing your experience, Colin. I'm now interested with Akiyas because of this content, Shu.😊
Thank you. When you are ready, reach out to us - we can help :)
How do u manage the properties using a property management firm or on your own via a business? What’s the cost of managing the properties and what is the time frame you have to get your return on your investment back?
Great informative interview and vlog. I'm now a subscriber and I appreciate your educational videos. Thank you!
Welcome to the channel!
I love Colin. He is blunt and say it how it is. Thank you Shu for sharing his story!
Glad you liked it!
How do you deal with mold situations in the summer time ? Its normally very humid during that time.
Great video. Very informative. Thanks for the your detailed explanation
Glad it was helpful!
The Canadian is low on his rent estimates for CA. Also he doesn’t talk about expenses for repairs. 10 houses is 10x potentials issues.
Also the appreciation of property in Japan doesn’t compare. Maybe it’s changing a little but for the most part the house continues to lose value as opposed to US where sometimes you can do nothing regarding renovations and still have it increase.
That said a lot of good information.
He's aware that most houses in Japan don't appreciate. He manages all of his rental on his own and has a system to keep the operational costs low.
Why would he care if it appreciates if he bought the bottom? Do you really think it will drop further down? Get real dude
the reason japan has reasonable property prices is that the japanese construct new properties super fast compared to other countries. i.g. they increase the supply of new homes to match the demand.
There are 5 houses being built in my neighborhood and they started the project about a month ago and seem to finish in just another few weeks.
Which is great
Great video; thank you for sharing! My husband and I are both foreigners in Japan, and we just received a Startup Business visa for our small business in rural Ehime (Ōmishima). We bought our first akiya while we were still on tourist status (although we now have residency) and we hope to purchase our second akiya by the end of the year. The first will be a guesthouse, and the second will be our own home.
That is awesome! Best of luck to you!
Could you please kindly share the info how we can apply for the startup business visa?
@@lisabernard8637 Yes of course! I plan to make a video of the process step-by-step, but currently my videos are more about the akiya renovation. You apply for the Startup visa through the city or prefecture that offers it. It's a new program and not offered nationwide. You can look online to see where it's offered. We were actually the first to go through the program in Imabari!
So you start by first finding out where you want to apply. Then you complete the application, business plan, and other required documents. Then they award you with a certificate of recommendation, which you take to immigration, who officially awards your visa. The city or prefecture monitors your progress closely during the 6 months (this is where we're at in the process), and if they're happy with your business, they give you another letter of recommendation for your visa renewal. At that time, immigration will transfer your visa from Startup to 1-year Business Manager visa. I hope that makes sense! We're still in the process ourselves.
Great comment. So you received a visa by owning one rental property? Did you start a certain type of management company? 😅
@@Tyranthraxus78 The guesthouse was only part of our business plan, which also includes a honeybee / farm business, and my photography. It's just my husband and I, and these are the same three main income streams we had in the US, before we moved to Mexico, then settled in Japan. We received the Startup Business visa, and now that we've met our deadlines, we're currently in the process of transferring the Startup to a Business Manager visa. Hope that helps!
Wow! Colin-san 😊 had so many good info and insights! I'm very thankful for it. Doumo arigatou gozaimashita.
Thanks for watching!
Yes yes, yes... understanding the overall costs... a low price doesn’t mean the taxes are based on that price!
An issue to consider with investing in property in Japan is the inheritance tax. If you possess a significant portfolio or high-value real estate, the government may take up to 40% of its value. This can undermine the goal of creating wealth in Japan if you cannot pass it down to your family without the government taking a large portion. Can you touch on this more and if there is any workaround?
That's why you need to plan ahead and register the property(ies) in your kids' names at the BEGINNING. And get a good accountant.
I think many real estate investors in Japan have their own companies. Company owned properties are not charged with individual’s inheritance tax. You can give the company to your child(ren) before you pass.
I would love to buy Colin a beer or ten and have a chat. What a guy.
I don't think he drinks... Instead, do what I did - interview him on your TH-cam channel ;)
I am from Vancouver Canada and 3 bedroom and 2 bathrooms is now $2,500,000.00
New to your channel. I'm retired military and have been investing real estate during my career. I had to move every 3 years and just kept them! I like Colin's story and agree with his logic; especially about acclimating to the culture and fostering relationships. I traveled extensively in Asia in the 1970's and 80's but the only place where I was stationed on Japanese soil was Okinawa. I think giving it a try would be fun but I'd definitely have to do some research to get the right mindset. I think the cultural nuances help in finding a pool of suitable renters and I understand and appreciate not being a predatory landlord because turnover hurts you. My big concern would be property management and I have my work cut out for me to perform that task effectively without being a local. Thanks for posting!
I rent here in Japan, since my company subsidizes my rent can't beat 50,000 yen for a 3LDK in the heart of Osaka. and I build houses and rent them in the US, mainly Chicago.
The motto of this Video is..."I got tired of Canada"
When your just so damn tired of being tired, that you begin the first steps towards your Dreams!
This Video started it all. Thank You very much!
I believe what Colin is saying. The average Australian house has gone up $250,000 in the last two and half years. I’m visiting my son and new grandchild in Tokyo right now. My son is of the mindset that it’s not worth buying real estate in Tokyo because it will never appreciate. I’m going to show him this video today if he will watch it to try and change his mind. He has a finance degree from Australia. Any chance he could meet you guys to have a chat while I’m here? I’d love to meet you too. He could possibly be an asset to your company.by bringing Australian investors to you. The Chinese have been investing heavily in the Australian housing market and now they’re investing in the Japanese market too. They are savvy investors. I believe the Japanese market will start appreciating soon as it has in Australia.
That's the problem with us Aussies where everybody is a RE investor 🤣 - all ppl think about is the "capital gains".
We sold our house and escaped Melbourne in March 2022, have 2 properties here in Japan now (both undergoing renovations). Once I have my JP permanent residency I can see building a positive cashflow RE portfolio. It is actually not a dream but a real possiblity here - unlike in Australia where getting into the market is nearly impossible.
Chinese investors in Australia, especially in Sydney and Melbourne, are quite different from Japanese investors. You might not fully understand the reasons behind Chinese investments in Australia.
We used to have a housemate, the grandparents have an old traditional big house and garden in central Tokyo. Then they have a plot of land. They build a complex of apartments. This set up is under a company. Then grandpa passed away, grandma carried on with daughter. Daughter married a broke Romeo. Divorced. She still carried on assisting the mother until the mother passed on four years ago. Now she is the boss with a son assisting. They live a very good life with no money worries. Travel to London. Every quarterly.
My friend,Daughter felt too proud to work with the family business. So work as a travel agent assistant.
The property in Tokyo according to a friend is like gold. Especially for locals to afford a decent size place.
The property outside the big city is affordable. In the long run, the price will outpace the current price. When non locals with better currency will buy property lock stock and barrel, slowly there will be a jump in the trend.then it will be a Vicious cycle.
Then the issues will be hard for locals to afford a decent property with their low salary. Since most of their big corp been expanding abroad and so they been cutting decent pay, pension and perks. The worst scenario is when the zero hour contracts have become a practice. Then the earnings barely feed the mouth and upkeep.let alone the loan or rental.
Surprised to hear a finance man gives reason like that about the property in Tokyo.
Property if manage properly, long term rental, short term, air BnB, etc the like, it gives passive income and when.the time is right, still gives good return if proper tax planning in line.
Peace
I think the bank we got the loan at is all the way out in Miura, but we have a decent yard and it's a 10 minute walk to the Kiekyu line. Only bad part is we can't rent out this place until we pay this one off, and there are penalties if you overpay the mortgage, so I think the plan is to get a place outright and rent that one out. Also the mortgage rates in Japan are AMAZING, especially with the current exchange rates. Great video.
It truly is amazing! Thanks for watching!
You “think” the “loan” is out in Miura? You don’t know which bank you used?
@@busterbiloxi3833 The bank we got the loan at, better?
@@pmorton7960 So it was in Miura, or it wasn't. Hey man, I'm not against you. Ten properties in twenty years is very good. I just want the TRUE FACTS exposed.
@@busterbiloxi3833 Fact is since I'm a foreigner it took a few banks and housing agencies to make it happen. The original housing guy had to reach out to his mentor in Yokohama and they made it happen, with a 30% down payment.
Colin is definitely a fun character, and very informative and savy too. I quite enjoyed the discussion.
Thanks for watching!
Thanks for enjoying :)
Very insightful interview, you are excellent at letting your guest speak and bounce off the speaker!
Love to hear that! Thanks a lot!
He's from Canada, but everything about him screams American. Good interview and great information. I would like to know how Colin started teaching English in Japan... like, did he go over on the JET program, or something similar?
Why do I scream American? lol I'm actually Japanese at heart as I always gave into what my friends wanted growing up. I have always been unorthodox, but sometimes I caved to the peer pressure of my Canadian friends. lol Japan allowed me to feel like it was ok to do it my way and what I wanted. I actually came over with $1000 in my pocket and lived with my GFs family and worked in a bar ;) That's a good story in itself, I may tell one day.
@@KickAssets
Because teach English need degrees, thats why ppl asking.
15y ago it might easy teach without degrees to fulfill papers & proven if they have quality to teach.
But 10y ago till now, it update. Ppl must have degrees or certifields to tech.
Btw, foreigners travel there can apply buy house?? I saw alot foreigners buy 1$ give away free house in countryside. What is this?? Im curious but not much information about this.
If i travel there & working as freelancer, can i apply at this project buy "free house" give by gorverment??
@@candicetran9620 You shouldn't think free. Even if you find a house for under 1,000,000 yen it will need a lot of work and/or in bad location. You don't need teaching degrees to get a lot of jobs, just personality. The point of the degree is to be able to get a visa. Some schools might be strict, but there are a lot of opportunities. It's case by case.
@@KickAssets I know where you are coming from Colin. I’ve been here for 30 years and I think we become more outgoing as we teach English and entertain the students. It’s not American, it’s just being expressive. anyhow I really enjoyed your interview and tons of respect for what you have achieved here! I’d love to meet you someday.
@@KickAssets I knew it. The FATHER-IN-LAW supported you. I hope you pay him back by gifting him one of your "cash-bought" properties.
I am Canadian as well. Everything he says about Canada is true. And, Japan is very safe. But the Emirates is safer.
One of my friends was working in the Emirates and was saying similar.
People will leave their computers or wallets on the table in a restaurant or cafe when they go to the washroom. We don’t think about locking our doors until we go to sleep.
@@AlistairAVogan Yup same as Japan. It's a priceless feeling to have.
Fantastic interview! I couldn’t step away from this video 😇❤️
Definitely earned my subscription today
Love to hear that! Thank you!
I am happy they are doing well, as for myself, I am from Vancouver as well. I have been living in Japan for over 10 years now and most of the reasons why left Vancouver I can agree with. I, too, have a successful English school as well. The video is a little misleading, that it is true any foreigner can purchase property in Japan. But Japan has a zero immigration policy. Owning property in Japan does not mean that a foreigner will be able to acquire a visa or permanent resident status because they own real estate properties in Japan. Plus, it is very difficult to immigrate to Japan, unless you marry a Japanese national.
So, in a sense, Japan is shooting their self in the foot with the strict immigration law policies .
This! I’m already happily married to another US citizen and we both have remote work for ourselves so don’t need a Japanese employer. They have a shrinking population and really should make it easier for immigration for those who already have work. I would buy property in a heartbeat.
You are wrong in so many ways. Please delete your comment!
this is the only long video i have watched without skipping at all
Thanks for watching!
Hey! I'd like to ask for a remote location, far from crowds and close to scenery such as forests, rural regions, a bit isolated in Japan. Which regions should I pick?
This was very enlightening Shu and absolutely god-like interview.
I'm moving to Japan as a nikkei second descendent next year from the UK.
From this albeit brief hour I am sure we are very much aligned in both goals and philosophy.
If Colin is looking for an apprentice I would love to assist and learn from his wisdom.
Is there a way to get in touch with him?
Glad you enjoyed the interview :) You can find him @kickassets - he usually responds to nice comments
@@shumatsuopost Thanks a lot Shu!
do you videos about the taxes of owning akiya , renovating , and the every 30 years must renovate rule ?
I actually have :)
Wait, Is there a rule that you need to renovate a house every 30 years?
Agree, Rich Dad poor dad is a scam. Kiyosaki keeps repeating the same stuff and doesnt answer question at all.
Thanks for the video and for sharing.
Investing in property in Japan can be more challenging due to:
- Language barriers
- Permanent residency
- Risks of earthquakes and tsunami
Could you share more information on these topics or provide any video clips on them ? I believe these are concern for most people. Thank you.
it is now feb 2024, and japanese yen had depreciated about 17% since the time this youtube video was made back in may 2023. i sure hope collin's portfolio didn't go down as much during this time, but either way, i personally don't see japan as a good place to invest in housing market.
Yep.
Debt to GDP of >260%, declining and ageing population, zero growth, weakening yen and a government that has zero interest in immigration makes this a very risky investment.
Not to say it can’t be made to work, but the houses are cheap for a very good reason.
Japans population is estimated to fall by 12 million in the next 15 years.
Colin scoffs at this at 12:00 but all the experts and statistics point to this.
Thank you . Hope to see more videos like this in future
Thanks for watching. If you know anyone I should interview in Japan, let me know!
Might actually be an opportunity to really be able to afford a house. Save while I’m in the US, buy one with cash, work on it over time and get a simple work from home job to cover my necessities.
I love Colin's investor mindset. My husband (Japanese) and I (Half Japanese American) also live in a 100 year old farmhouse in the country that we paid for in cash. (With the help from relatives) The idea of renting out our house sounds nice but I have known of two rental houses that the occupants accidently burnt down. Oh my god. I guess that's the risk you take. Definitely food for thought.
Damn he's good, and unusual in that he's so frugal. I wish I had access to his on-line Japanese course.
Glad you like it!
Thanks for the compliment ;)
very cool, learned a lot.... does he employ property managers when he rents out his homes? and does he require reikin 礼金 from his tenants, and how many month(s) of shikikin 敷金 does he require from his tenants? Thanks in advance
Good question - I think he manages his all of his rentals
I manage them all, but I use companies to find tenants at times. I charge reikin sometimes, but no shikiin. Really depends on the property tho.
This inspires me I love content like this.
More to come!
I think you have a knit for interviewing people. I also watched the interview with the 98-property-guy and enjoyed it. I hope you will find more interesting people like these two, and do more of this contend.
Love to hear that! Thanks a lot!
Colin reminds me of Joe Pesci back in the 80's. Rough on the edges but straight to the point (for anyone serious in emulating what he has done, it's a good start). There is one thing I would like to add: Japanese renters in general are more dependable/trustworthy, compared to majority of the world. When I rented furnished apts to them in China, they were always easy to deal w/ and never worry on their ability to pay. In the US, commercial landlords love credit/corp rated tenant since the check always hits on the 1st to 3rd of the month vs independent operator who drags till the 10-15th.
Thanks! Pesci was one of my favs back then. "Great the rats have their own Jacuzzi." The Super :D
Your videos are interesting. But I need to ask:
1) If owning is better than renting - then why don't the locals just buy? Why rent? I ask because you talk about cash flow so I assume there is rent being applied to these properties.
2) What is the average return on your investment after income tax, property tax, repairs and maintenance?
3) Is the capital appreciation for the property still increasing? There are a lot of abandoned houses in Japan - and I don't think anyone would abandon a property that is valuable (relative to its investment cost) right?
I was offered several properties in Tokyo outskirts but the returns were only 5-6% per annum after taxes. I haven't even factored in repairs and maintenance.
He’s a bit rough, but I agree 100% with everything he said. We have a lot of similarities in our background.
He's not a typical Canadian - he is more Japanese
I really wonder how can you safe enough money to buy a house if you are in the expensive rent trap ???!!
be rich bro
In Japan, mortgage rates have been very low that make monthly payment almost the same as rent. Many people buy a house with zero down payment .
When I was a young man, I worked for a guy who made his fortune in real estate. As a way to get rich, he didn't recommend it. Between the cost of maintenance, dealing with people who fall behind on their rent, natural disasters, the vagaries and fluctuations in real estate prices, it's more work than people think. If you have an independent income, significant savings, or a job which isn't location-dependent, Japan can be a great place to find a great deal on a great home (outside the cities). But home prices in the countryside are low for a reason, lack of jobs, low wages for what work there is, and almost nothing in the way of entrepreneurial opportunities. It's very easy to find cheap real estate in Japan, but it's very hard to get an income out of it.
Great interview. He explains compounding excellent both in real estate and language. 👍
Thanks for watching! Yeah, he really knows what he's talking about. He's been in the game for a long time.
@@shumatsuopost I also been investing in real estate for a long time and there are many takeaways he talks about
1. Rent first capital growth not guaranteed
2. Ignore noise from friends look at fundamentals
3. Beware of real estate investment sellers
Also very humble. He has not done achieved his investments with huge salary backing.
@@angelomicallef5543 Awesome. Which real estate market and assets class(es) do you invest?
@@shumatsuopost I invest in real estate which I been doing for about 25 years. I buy units and rent and last 2 years been buying old houses on land, renovate to get good rental yield. I trade shares a little to help with cashflow. I resonate with his thinking both in investing and understanding culture.
I am glad that you appreciated what I had to say. You noticed well what I was thinking/saying. Compounding/Exponential are very powerful tools/ideas.
Being a landlord is definitely not for everyone....
Liked this guy. He has a good personality and is clear in his thinking.
Thanks for watching! Yes, he keeps it real
Learning more and more from your channel...thank you very very much...
Thanks for watching! Glad to hear you find my content valuable
Really appreciate this conversation and the honesty and realness of the answers, especially focus on the time it takes. Besides marrying a Japanese national or being a Japanese diaspora member, is there a way to overcome the obstacle of visa and permanent residency? As a real estate investor can you receive an investor visa by forming an investment company to manage real estate properties?
this dude is passionate as heck!
He truly is!
Vancouver's housing price went up by 500% from 2000 to now, imagine all the akiya you could afford with these capital gains lol But houes essentially will be worthless in japan after 30 yrs, and you will pay taxes based on the land you own, is the return still decent net of all the fees and taxes considering time value as well given no capital gains? and of course there will be the 相続税 when you pass on the properties. Vancouver real estate has been a harbour for global weath to park their cash, can you say the same for some of the cities in japan tho🤔
Yes exactly. You can’t get rich from rent. His house has good land but it’s still a dump.
@KickAssets dropped so much insight. Thanks for the interview!
You're welcome
Thanks for watching!
Japan is the place that u can live Safe with good people/neighbors
100%🙌
New to this channel. Really enjoyed listening to this discussion. Thank you.
Glad you enjoyed it!
This is a great interview. Thank you who much for sharing.
Interesting him saying he does not use agents to buy houses. I don’t use agents here in the US either for similar reasons.
I dont use agents to help rent them all the time...but to buy a house I try and use the seller agent to allow one agent the whole commission.
@@KickAssets is there much of buying houses off market there as it is here in the US? Many times here there are people that don't want to list with an agent because of the condition of the house, the timeline in which they want to sell, privacy reasons, or any number of things. The most amount of money for the house isn't always peoples priority.
@@danielshaffer3454 There could be, but most people use agents either way. And some of those off market deals may just be scooped by other agents :D. You just never know tho. :)
Colin is a boss and chillin' at the same time....
You read me well :D haha
what about Airbnb? is there money in those?
That is why Japan is so charming. They have culture.
Absolutely!
@shumatsuopost can you buy multiple akiya properties right next to each, and merge it together into 1 property.
Absolutely love this video. You are both intelligent with strong points of view. But Collin is challenging my preconceived notions that it's too dangerous to ever invest in Japanese real estate. Fascinating discussion.
Glad you like it!
Haha...he mentioned 🇸🇬 properties are the most expensive and he also mentioned other bigger cities like Tokyo, but he forgotten KL🇲🇾...there are also lot of expats coming here to buy properties.
KL is actually my favorite city outside of Japan. Been there like 5 times. Great food and people and very affordable.
Thanks for this very informative interview.
Glad it was helpful!
Haha “Japan doesn’t go in for flipping and making money on assets”, said in the country that had the biggest asset bubble ever based exactly on that mentality. Maybe they learnt, but humans being humans they’ll be other bubbles in Japan. 😂 still a fun and informative interview. Thanks!
Agree 100% that japan is the safest country in the world , much safer Melbourne when I live over 40 years and far cleaner .
Real estate is not just capital gains and rental income Long ago invested 650k in Tokyo. This makes it easy to borrow 400k Put in in a stock account use 200k margin and buy 600k Sell for 1.2 mil or more. Can trade 1 to 2 mil a month using real estate as colateral. I see this as better than capital gains or rental income.
Wow, it sounds like you're an expert trader. I don't trust myself with stocks so that's why I stick with what I know: real estate :)
@@shumatsuopost like most people 2 years ago gush 14 to 200 this year KOLD 10 to 85. Something is always rising. But I make money even when the market falls. DRIP DUST SOXS YANG TZA. others
@LongThanh-ew4tf i want to learn more about stock market can u give information like how u started where did u learn anything about it that would be appreciated
Was there a requirement to live in the house for a year before you could rent it out?
He's a full power beast
Yes, he is :)
How abt the tax for Akiya?
How about the property tax for those 10 houses?
Thanks for a great beeakdown, subscription added for you both
Thanks for your support!
great story. following your steps in the new few years. thank you
Wonderful! Glad you liked it!
Interesting character, epitomizes "The Road less travelled", good on you!!!
I love his attitude
He keeps it real!
Amazing guy, great and motivational interview, thanks..
Glad you enjoyed it!
You misspelled Switzerland when you were mentioning safe countries
Part of the problem is that we see homes as investments, which they can be, but this creates the bubbles in the markests that become over priced one decade and pop the next decade. Homes are consummables, everyone needs them. It's sad we view them as a way to store value.
This was really enjoyable, thanks for the conversation
Thanks for watching!
Great vid how did you get involved in buying real estate in America ?
Thanks! Lots of reading books and listening to podcasts :)
Cocaine's a hell of a drug.
I just subbed to his channel earlier also haha
Yup! Hello Master Builder
@@KickAssets Lol hey man. I'll definitely pick your brain at some point, if you don't mind.
For a retiree, there is no retirement visa Buy a house and u still cannot get a one year residency permit I would only be in Japan 2 or 3 months a year once or twice I could always fly to Bali or the Phillipines or Korea to reset my visa. I dont care about capital appreciation or rent I can make far more in the stock market. It is just a cheap safe place to live in the countryside. Do this in Thailand, Vietnam and the Phillipines.
I love it. Sounds like you got your retirement figured out!
@@shumatsuopost make $2000 to $4000 from 4 or more sources online business pension real estate trading dividends writing teaching many ways expat since 1988
You can't do the Visa run too many times, the government won't let you back in.
@@Mwoods2272 no problem fetting visa for over 30 years in a dozen countries In and out of Thailand and Japan at least 20 times in 12 years
The only reason the Chinese haven't bought up most of Tokyo is that you don't get a permanent visa for doing so -- and thank god for that! Otherwise, locals would be priced out like in Canada, NZ and OZ, and there would be a huge housing bubble. And talk about ironic: They mention in the video how safe Japan is (I agree) but he had $20,000 stolen from his home! Ouch. Also, good point about "Akiya": maybe good to fix up and live in, but not really for investing.
A bit much on personality and not enough on details provided succinctly, but I appreciate his effort.
Thanks for watching!
What is the name of this area? Trying to look at places around the same distance outside of tokyo
Is there money to be made renovating the houses then selling them? I have no desire to be a landlord, but I have done this all over the southwestern US. Its fun.
This is so entertaining thank you so much
Glad to hear this was entertaining - thanks for watching!