Agreed, some of his points he is talking out of his ass. Thailand is not good returns by any means. Vietnam and Indo is tricky as well.

AGREED, I'd like to hear from more failures than Beginning stage stories to learn more about the hard side of these Akiya Investment risks and procedures.

you don't need a bank account to buy in Japan. speaking from experience.

@@user-zj8xt8es1nwhat about if I transfer money from my brokerage account(Charles Schwab or Fidelity) to the Japanese real estate company to buy the home?

I’d have to agree. I keep hearing that property values in Japan depreciate, but I believe foreign investors will push home prices up. Also foreign investors will likely sell to foreign buyers, so there is a niche. Obviously, locals won’t be able to afford it, but there is a growing market of foreign buyers along with sellers. The weakening yen certain fuels this growth. Just yesterday, there was an article that 25% of foreign residents in Tokyo are Chinese and they have been buying condos quite a bit.

Also foreigners who renovate their homes with more western style and add amenities with dryer, dishwasher, and more glass would sell well with foreign buyers I think.

I would like to tear down and rebuild. My priority is good insulation, earthquake proof up to 2024 standard, and modern style homes. I’m a rare person who doesn’t care about Japanese style homes. They’re cool to walk in and see tatami rooms, but not something I want to live in. Another thing I noticed watching other KZfaqrs in Japan, is that many high dollar homes(even million dollar ones in Tokyo) look dated still. I mean they’re nice, but style wise a bit dated. I will say small homes in Tokyo utilizes space efficiently. I think hiring an architect is necessary if you really want it built the way you want. How much does an architect cost?

Is it ok to tear down a home you buy in Tokyo whether akiya or not?

Thanks for watching!

Just to put things in context, 6 private properties in Singapore are probably worth at least USD 3 million easily. The cheapest private properties (condominiums) are around SGD 600,000 (USD 450,000) without renovation, taxes and other necessary fees. These are 1 bedroom apartments which are not in the central areas. Depending on the location, leasehold (99 year, 999 year, freehold), total area and amenities, the prices increase dramatically. Expect to pay around SGD 1.5 million (USD 1.11 million) for a 3 bedroom condominium apartment. As Singaporean citizens, there are also additional taxes on top of each additional property you buy, which dramatically increases the cost (20% for your 2nd property, 30% for your 3rd property and subsequent ones). They might also have a mixture of residential and commercial/ industrial properties. Of course, they might have secured great financing arrangements, but it is really impressive.

Exactly, wouldn't you think semi rich and very rich Japanese people would be jumping to buy property to rent if the market was so huge.

Glad it was helpful!

Japan property does not increase in value...so it's not really an investment.

Japanese houses normally have a 20 year life span

And...property in Japan has a 1000 year tradition of NOT increasing in value...like the US. We bought or 4 bedroom home in Southern California in 2001...for $290K...now it's worth $900K plus. Helloooo!

@@samhodson6470 I live near London it’s crazy expensive too and even though my house has gained in value it’s relatively useless as every other house has too. I hope Japan does not go though the same craziness as it’s so unfair on the average Japanese family. I love Japan for the people not the property. And resentment to tourists will spread to foreigners buying up properties (though it’s not as good an investment as they think, u less you know the culture and language very well even then rent is low especially on older properties).

Yeah, they're awesome. I'm excited to interview them in 7 years to see what their portfolio will look like!

How the fuck they afford 6 flats in Singapore is beyond me, either golden spoon or he’s a mad realtor/tech bro

@@akaywololo could be co-investment schemes. They are legally co-owners of the property they purchase, even if its just a share. That's my speculation only. It's one way you can say you have 6 properties. If the persons you partner up with are legit and don't make terrible decisions, you can come out winning.

I was thinking the same thing. They are causing the same problem in Japan that we have in the US. Makes me think that Japan might change the laws on non-citizen house purchases at some point

They would probably end up renting to foreigners.

Hope you enjoy it!

Idk japanses but if ever learn it should i move in japan i want a peacfull life

You must be married to a Japanese national otherwise you can't retire in Japanese.

Any time!

Thanks for watching!

Glad you enjoyed!

🤣🤣🤣

Glad you like it!

This is a channel dedicated to real estate investing. Also, since when is investing considered exploitation? That’s broke people talk.

30 years on a house isn’t very old. Are they just poorly designed?

Doing a video on that - coming out soon :)

Love to hear that!

What’s takken?

There is no issues not having takken when investing/dealing with agents at all.

@@adrianm4506cTakken is Japan’s Real Estate Brokerage License to act in the capacity of a broker and conduct Real Estate transactions.

You can fill out one of these forms so I can help you: Akiya Income Generator (for rental properties): forms.gle/7ySUCdpiLVy9mHoy9 Japan Akiya Assist (for vacation homes): forms.gle/1A7FHHJxqHfuuUjh7

It is it’s just hard to find a job right now. Once you have a job the work culture is quite positive.

There’s some 10 million abandoned houses in Japan right now. They don’t need to limit it. It’ll take decades for that number to drop any significant amount.

Far too much, 199 households working to pay these guys rent..

Why should there be a limit? And what should that limit be?

Get off your soap box. These people are buying houses no one wants and renovating them lol that alone refutes your argument. I understand what you’re saying but that isn’t what’s happening here. Taking otherwise uninhabitable homes and renting them out for the equivalent of $300-$500 a month is both stimulating the economy and bringing affordable housing to people struggling to find it.