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  • Profile photo of Ziv Nakajima-MagenZiv Nakajima-Magen
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    @zmagen
    Join Date: 2012
    Post Count: 523

    that's a great start, thank you :) as it was inherited (by an individual), and there's no mortgage and no agent involved (also not much CG), I'm guessing it'll be on the lower side of those 5% – would this be a correct assumption?

    Ziv Nakajima-Magen | Nippon Tradings International (NTI)
    http://www.nippontradings.com
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    Ziv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property

    Profile photo of Ziv Nakajima-MagenZiv Nakajima-Magen
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    @zmagen
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    Post Count: 523
    Freckle wrote:
    …a row of about 10 terrace houses in the middle of nowhere. Go figure. More room that you can poke a stick at and they want to live on top of each other…

    Been wondering about that one myself, seems to be the go in more than one "middle of noweheres" (which we have far more of than "middle of somewheres"). What's on with that???

    Ziv Nakajima-Magen | Nippon Tradings International (NTI)
    http://www.nippontradings.com
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    Ziv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property

    Profile photo of Ziv Nakajima-MagenZiv Nakajima-Magen
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    @zmagen
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    Post Count: 523
    Ilovehouses wrote:
    .
    I have found name and shame to work just as well or better. A story to the local press here and there, Internet websites, I have even used TV

    100% with you there, out the shonks, they’re the ones who shold be hanging their heads in shame, not their victims! It works for every field, not just investing and realty.

    Ziv Nakajima-Magen | Nippon Tradings International (NTI)
    http://www.nippontradings.com
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    Ziv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property

    Profile photo of Ziv Nakajima-MagenZiv Nakajima-Magen
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    @zmagen
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    Post Count: 523

    As they’re the ones supposedly bringing in customers to pay YOU the money, you’re the one who needs to answer those criteria, not them ;)

    You can get references and draw your own impressions, but what’s the worst that can happen to you as the provider? A customer who backs off at the last minute? Can happen anyway, and isn’t the channels fault.

    Of course if they keep connecting you to tire kickers or just don’t deliver any customers, you need an exit clause (see above), but the majority of providing proof to claim is yours, as the end provider.

    Does this make sense at all, or am I misreading your question here?

    Ziv Nakajima-Magen | Nippon Tradings International (NTI)
    http://www.nippontradings.com
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    Ziv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property

    Profile photo of Ziv Nakajima-MagenZiv Nakajima-Magen
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    @zmagen
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    I think they're called the BBB (Better Business Bureau) or something similar.

    Ziv Nakajima-Magen | Nippon Tradings International (NTI)
    http://www.nippontradings.com
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    Ziv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property

    Profile photo of Ziv Nakajima-MagenZiv Nakajima-Magen
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    @zmagen
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    I do, never said you did ;)

    Ziv Nakajima-Magen | Nippon Tradings International (NTI)
    http://www.nippontradings.com
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    Ziv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property

    Profile photo of Ziv Nakajima-MagenZiv Nakajima-Magen
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    @zmagen
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    I deserved that, I think :D

    Ziv Nakajima-Magen | Nippon Tradings International (NTI)
    http://www.nippontradings.com
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    Ziv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property

    Profile photo of Ziv Nakajima-MagenZiv Nakajima-Magen
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    @zmagen
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    Post Count: 523

    We certainly do, and as buyers'/proxy agents who only sell services and not actual properties, it's easy –

    option 1) – same country/"around the corner" – they advertise a general service and some sample listings to their existing lists/contacts, we share the comission on the first purchase – then they end up getting handsomely paid for what's not much more than an emailed introduction, we take one deal at virtually cost, but get to keep a new and happy customer, and everybody's happy.

    option 2) – "far and yonder"/real distant lands/non-English speakers – we contact a few candidates and narrow things down to an "area manager" who's comitted to invest of their time and money, work hard etc – they become our channel managers for that area, and receive a regular 33% of all business derived from their neck of the woods, whether it's initial or repeat business. In this case they usually require exclusivity agreements, and rightfully so, as raising awareness to a new product in a new area takes time and effort – just need to make sure the contract has exit clauses in case they turn out to be the wrong agency for the job (for example, if the work doesn't result in three active clients within six months or so, you're free to try a different local channel

    Ziv Nakajima-Magen | Nippon Tradings International (NTI)
    http://www.nippontradings.com
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    Ziv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property

    Profile photo of Ziv Nakajima-MagenZiv Nakajima-Magen
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    @zmagen
    Join Date: 2012
    Post Count: 523

    Aye, concur. Buy safe and stable, be realistic, learn from local expertise then carry on yourself if you really want to.
    No blind opportunistic gold-rushing, just safe and sane cash flow, and your investment will live to tell the tale wherever on the cycle you may be. And that’s usually one step ahead of the masses anyway.

    Ziv Nakajima-Magen | Nippon Tradings International (NTI)
    http://www.nippontradings.com
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    Ziv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property

    Profile photo of Ziv Nakajima-MagenZiv Nakajima-Magen
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    @zmagen
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    Post Count: 523
    emma171 wrote:
    …interestingly enough with the Asian/Israeli/Arab contingents…

    lol being an ex-Israeli I know the type – we come in thinking we're the smartest folk in the world – "I can spot a fleecer from three continents away" – we just forget it's only the middle-eastern type fleecers we've been exposed to.
    I'll never forget the first time I was in Thailand, keeping my Hebrew mouth shut (and I don't look Israeli), got a price for something, then saw a group of loud Israelis approaching, loud and clear – all the vendors immediately started quoting prices 100% higher, then "gave in" to the oh-so-clever Israelis and deducted 20%. Works every time.

    Ziv Nakajima-Magen | Nippon Tradings International (NTI)
    http://www.nippontradings.com
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    Ziv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property

    Profile photo of Ziv Nakajima-MagenZiv Nakajima-Magen
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    @zmagen
    Join Date: 2012
    Post Count: 523

    I think only participants can access direct conversation threads…if you’ve got a user there Kyler or I can just reply to the thread including you, then you’ll probably see previous messages too?

    Ziv Nakajima-Magen | Nippon Tradings International (NTI)
    http://www.nippontradings.com
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    Ziv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property

    Profile photo of Ziv Nakajima-MagenZiv Nakajima-Magen
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    @zmagen
    Join Date: 2012
    Post Count: 523

    As far as Bigger Pockets are concerned, the matter was brought to their attention, and they've taken quick action to remedy their part in the shonk's activity – not really compensation for the injured party, but I hope ilovehouses can at least find some comfort in the fact that, from now on, at least, their ability to continue shonking others through a major channel like BP.com would be greatly reduced – (and, think what you will of the content, BP's internet reputation and resulting investing-related traffic "among the masses" is vast – so it's in all of our interest that it stays as clean as possible, in similar fashion to this platform).

    Here are some extracts from Joshua Dorkin's, BP's founder and manager's, response – I'm sure if any of you contact him directly you'll be as impressed as I am with the guy's candidness and professionalism, considering the size and nature of the beast he's steering –

    "…We've closed the account pending more information from this Mr. PatchinThe last thing we want to see is people getting scammed and do take such things very seriously…our goal is really to try and elevate the industry. We throw off dozens of users every day who try to use our platform to do bad things (mostly spam, but certainly some scammers), and work tirelessly to the benefit of our members…It would be very easy to sell out our users to the gurus and scammers who pay top dollar, but we take a different path…"

    Hope this helps, at least a bit. Best of luck getting your money back, and with future investments – hope this doesn't put you off the entire global real-estate investing industry, as there really are good operators and good deals out there, we just need to all look past our personal pockets at times, and work together to "keep the bastards honest", so to speak, for everyone's benefit.

    Ziv Nakajima-Magen | Nippon Tradings International (NTI)
    http://www.nippontradings.com
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    Ziv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property

    Profile photo of Ziv Nakajima-MagenZiv Nakajima-Magen
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    @zmagen
    Join Date: 2012
    Post Count: 523

    Absolutely – that's why I always jump at the chance to help Tal – I KNOW he's for real (known him personally for just under a decade now), and not some obscure entity on the net – he's also small and nimble, as opposed to Red Cross, etc, so zero waste on admin fees etc – your money goes straight where it's needed. Win-win-win :)))

    Ziv Nakajima-Magen | Nippon Tradings International (NTI)
    http://www.nippontradings.com
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    Ziv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property

    Profile photo of Ziv Nakajima-MagenZiv Nakajima-Magen
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    @zmagen
    Join Date: 2012
    Post Count: 523

    To all of you who donated – here's what you helped make –

    http://www.tal-gur.com/blog/index.php/archives/helping-in-the-dominican-republic#june

    Maybe it's just me, but this makes me much prouder than any cashflow, equity etc in the bank. :)))

    Ziv Nakajima-Magen | Nippon Tradings International (NTI)
    http://www.nippontradings.com
    Email Me | Phone Me

    Ziv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property

    Profile photo of Ziv Nakajima-MagenZiv Nakajima-Magen
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    @zmagen
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    Post Count: 523
    jayhinrichs wrote:
    These web site and bigger pockets site which I am aware  are just amatures preying on those looking for unrealistic returns..

    That's a bit unfair, Jay, there's plenty of decent content on BP (and I thought so before I was writing for them, that's why I contacted them in the first place) – while there's certainly alot more dubious content there compared to this website, I believe it's primarily because of the sheer size and exclusive USA-oriented nature of the articles there – however, there's plenty of valid material to be found there as well, particularly for those looking to familiarize themselves with general terms and practices prior to digging in deeper.

    I do agree that the forums and some of the posts there are far less professional than other stuff that can be found here and in other places – but that's a long long way from labelling the entire website (and particularly its founder and manager, who's a very decent bloke in my opinion) as predators.

    Ziv Nakajima-Magen | Nippon Tradings International (NTI)
    http://www.nippontradings.com
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    Ziv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property

    Profile photo of Ziv Nakajima-MagenZiv Nakajima-Magen
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    @zmagen
    Join Date: 2012
    Post Count: 523

    The short answer is “yes”.

    As to the exact nature of the Singapore strata system and it’s implications, I’d suggest contacting some local professionals, as my knowledge is extremely superficial. I don’t live there and have never bought (nor do I think I will in the foreseeable future)

    Ziv Nakajima-Magen | Nippon Tradings International (NTI)
    http://www.nippontradings.com
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    Ziv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property

    Profile photo of Ziv Nakajima-MagenZiv Nakajima-Magen
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    @zmagen
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    Post Count: 523

    That wasn’t actually me ;)

    Ziv Nakajima-Magen | Nippon Tradings International (NTI)
    http://www.nippontradings.com
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    Ziv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property

    Profile photo of Ziv Nakajima-MagenZiv Nakajima-Magen
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    @zmagen
    Join Date: 2012
    Post Count: 523
    Amit Thaker wrote:
    Ziv, Sounds like a interesting concept and I am not sure how much experience one would need to invest in Japan as a individual. 12% before tax is still pretty good. From few contacts I have with Japanese and Korean community unexpected maintenance and vacancies are rare things – I do agree. Keen to know more. Best to talk on PM?

    Obviously, it's highly recommendable to educate one's self before investing in any country or area (DD etc) – but as a rule, I'd think that a buyer's agent/proxy like ourselves, who has no vested interests other than yours in mind, makes the actual experience required far more manageable (considering the same now for our US investment – I know nothing save what I read here and in similar places, so a buyers' agent seems like the logical choice).

    Yes, feel free to contact me via PM (or through our website, below – I receive a copy of all enquiries off it and will respond personally).

    Kind regards,

    Ziv Nakajima-Magen | Nippon Tradings International (NTI)
    http://www.nippontradings.com
    Email Me | Phone Me

    Ziv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property

    Profile photo of Ziv Nakajima-MagenZiv Nakajima-Magen
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    @zmagen
    Join Date: 2012
    Post Count: 523
    Amit Thaker wrote:
    … Investing in Japan sounds interesting, what sort of return do you get? I am keen to know what other countries you invest in?…

    The returns we aim for (both personally and for clients) are 11-15% – up to 12% can usually be secured in a few days, higher takes a bit longer. This is all pre-tax of course, but other out of pockets are very rare compared to other countries (i.e. vacancies, unexpected maintenance expense etc, almost non-existent due to the nature of Japanese tenants, the size of the units, cost of living in Japan, and the structure of condo fees – all of this takes a bit more explaining, <edit>. I'll also be writing an article about it for another website in a month or so, and will publish a link here when it's done, as quite a few people off this forum have been asking about this in private correspondence).

    As for myself, I have properties in both Australia and Japan – will be liquidating Aus to move to Japan by the end of this year, as returns, diversity and unexpected costs are horrible compared to Japan, and capital gain is a bit of a mystery if the last four years are anything to go by – in any case the cashflow more than covers for any "standard" cap gain trends (if such a thing even exists these days).

    My partner is currently looking into the USA as well (she has USD left over from better days and doesn't want to lose on the back-exchange), and so will probably be purchasing a small investment there in the near future too.

    <edit> (I could carry on blabbering here, but it's a bit offtopic ;)

    Regards,

    Ziv Nakajima-Magen | Nippon Tradings International (NTI)
    http://www.nippontradings.com
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    Ziv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property

    Profile photo of Ziv Nakajima-MagenZiv Nakajima-Magen
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    @zmagen
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    Amit- Japanese purchase as in property purchase in Japan.

    Advertising to Chinese and Koreans in china and Korea- many of them come to Japan for study or holidaying.

    Make more sense now? ;)

    (hint- look at the signature below, it may clarify things somewhat)

    Ziv Nakajima-Magen | Nippon Tradings International (NTI)
    http://www.nippontradings.com
    Email Me | Phone Me

    Ziv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property

Viewing 20 posts - 361 through 380 (of 483 total)