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C2, I live in Tokyo and would be happy to meet up some time if you are still here.
Advertise your property for free: http://nzproperty.org/
Kerwyn, what do you mean exactly by “she has a number one ranking on Google for her web sites.”
Advertise your property for free: http://nzproperty.org/
Sometimes it seems like Buffalo is a new state in NZ on this forum. Perhaps a new US forum needs to be created.
Advertise your property for free: http://nzproperty.org/
Mini, Yes I will probably be still here. 9th year in Japan. I have the same ideas as you. I have seen a boarding type of house for around $180K. It needed a lot of work, but the potential is there. Renovation is slowly becoming more popular here. The only thing which makes me hesitant is earthquakes! We seem to be having so many lately making me think the big one is coming soon.
Advertise your property for free: http://nzproperty.org/
You are probably talking about Niseko in Hokkaido. I planned to go there once, but the agent messed up our booking. Zao is also good for skiing. Ski fields are a good niche. The numbers of people of skiing in Japan has decreased a lot from the 80s 90s boom economy. International tourists could help with a turn around in the property market.
Japan’s population is set to halve by 2050. That still leaves 60 million people. Tokyo is said to have around 20 million people now. I believe the rental market is still very good.
New apartment and office towers are going up all around me. Whole floors seem to get added every day. There is a huge new development in Roppongi that is said to be bigger than the mammoth Roppongi Hills project which was finished just a few years ago.
Definitely still some good opportunities here for people or companies with the cash. There are a couple of US investment firms buying up hotels and golf courses that were built in the boom time and are in trouble now with the banks calling in their loans and scandals being unravelled. They are definitely picking up some bargains and making them profitable again with some changes in management.
Advertise your property for free: http://nzproperty.org/
Thanks Peter. I could only get this site to work:
Their standard package starts from $695.00. You can advertise on the site I am developing for free!
It is also gives me the idea that I need to team up with a printing company or a signboard company that would like to partner with me in my new venture.
If there is anyone interested please send me a PM.
Advertise your property for free: http://nzproperty.org/
There are new buildings going up everywhere. I believe there is a lot of confidence. One of my ozzie mates is planning on buying an apartment for investment.
Here are some of the problems:
– obtainting finance – difficult for foreigners to get loans
– earthquakes
– fairly high building maintenance costsHere are some of the advantages
– high rents and rental demand
– tenants have to pay several months upfront to the landlord. Key money – 2 months – non refundable. Deposit – 1 month – held by the owner
– Japanese generally maintain their property well as if it was their own
– You can buy foreclosures very cheapThere are English speaking agents who could manage your property. There are plenty of articles and stories on the web:
http://www.iht.com/articles/2005/09/29/bloomberg/sxyenproperty.php
Advertise your property for free: http://nzproperty.org/
Tokyo has had its first gains in prices in 15 years. The lowest point has definitely been met. Japan could be a great place to invest, but obtaining finance in country is very difficult – if impossible for non-residents. If you have the cash you could expect some good returns.
Advertise your property for free: http://nzproperty.org/
I am still in Tokyo. If I can have some success with the site, maybe I will move back OZ or NZ.
If anyone would like any info on the Tokyo/Japan property market, please let me know.
Advertise your property for free: http://nzproperty.org/
815k in property seems a lot to me. Do you have any problems managing this?
OZ and NZ property managers seem to be quite different from my experience.
Advertise your property for free: http://nzproperty.org/
Sounds good to me!
My online investing diary: http://www.retireyoungandwealthy.com/
Thanks for your help. I was eventually able to find a builder in the town.
My online investing diary: http://www.retireyoungandwealthy.com/
Steve,
Thanks for your comments. I bought both books while I was in Australia and they have given me a lot of inspiration. I just thought you could sell more books if they were available through Amazon. Even though they are fairly specific to Australia I am sure people internationally would benefit from them.
If you are ever interested in investing in Japan, please let me know!
My online investing diary: http://www.retireyoungandwealthy.com/
I have heard of other businesses getting into trouble with this. I am sure there are some strict laws on this. You can’t advertise something for $1 and then when people visit your store charge $10. Any lawyers out there? Please help!
My online investing diary: http://www.retireyoungandwealthy.com/
… and in the video age, some people are probably too lazy to read books.
My online investing diary: http://www.retireyoungandwealthy.com/
Westsan is advertising properties in the US. Maybe he will post here. Personally, I would be taking at least one trip there before buying anything. I have many friends from the US who can vouch for different areas of the US, if you could let me know where you are interested in buying.
My online investing diary: http://www.retireyoungandwealthy.com/
I don’t know why you would write this info on your tax form. You could probably receive the money cash no problem. Any ATO officials reading this? $250 a week is better than any investment property! I have met with some people and loved doing this. My own family, wouldn’t think of taking money. Each to their own as they say. If anyone needs more info on this, I would be happy to help. P.S. I am not selling anything here, just thought it would be a good idea for people to get some extra investing money.
My online investing diary: http://www.retireyoungandwealthy.com/
Please post the results of this case. I am most interested. Most agents’ magazines that I have seen use a similar practice.
My online investing diary: http://www.retireyoungandwealthy.com/
Great discussion. Personally I wouldn’t increase the rent on an excellent tenant. Why not wait until they move out and then advertise the property at a higher rent.
Also, how about trying to reduce the property manager’s fees. Has anyone tried this? If they have managed a property for a long time, and there is a good long term tenant in place, there is not really much work for them, is there? [biggrin]
My online investing diary: http://www.retireyoungandwealthy.com/
In the end you have to go out and do it for yourself. I think many people go to seminars thinking they will learn every detail as to what to buy, where to buy and how to go about making the purchase. Probably the most people get out it is the motivational aspect, kind of like reading a Kiyosaki book. Doing the research yourself will be a lot more beneficial. Visit real-estate agents, bankers, local governments, auctions, search on the internet, read books, think, learn and take action.
My online investing diary: http://www.retireyoungandwealthy.com/
