Foreigner's Guide: How This U.S. Navyman Bought a House in Japan

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Күн бұрын

This is a foreigner's guide to buying a house in Japan.
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Need Help with Buying an Akiya as Your Vacation Home? Apply for Japan Akiya Assist: forms.gle/1CxWV3W5dNxjVj1m6
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FREE GUIDE: How to Buy an Akiya as a Foreigner: www.postfi.co/buy-your-first-...
Have you ever wondered what it takes to actually buy a house in Japan as a foreigner?
If so, this video is for you.
Jason, a US Navyman, recently purchased a beautiful house in Japan.
And he's going to share how he did it and what kind of a house he bought in the heart of Kanagawa Prefecture.
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#japan #realestateinvesting #financialfreedom #passiveincome #akiya #abandonedhouses #homebuyingtips #cheaphouses #housingmarket #japanhousingmarket #buyingahome #japanvlog
Disclaimer: I am not a financial advisor. This video and the ideas presented in it are for entertainment purposes only and should not be construed as financial or legal advice. Please also note that the past performance indicated in the video does not guarantee future results.
00:00 Hook
00:18 Intro
00:46 The Property
01:40 Walkthrough
04:42 Interview w/ Jason
05:59 Self Introduction
07:28 Why Jason Bought a House in Japan
12:18 Real Estate Purchase Process in Japan as a Non Resident
15:09 How Jason Opened a Bank Account in Japan
20:12 Jason's Criteria For His Dream House
23:19 The Numbers
23:34 What was the Asking Price?
24:45 What was the Purchase Price?
29:37 Monthly Expenses
34:10 Jason's Advice
36:08 Outro

Пікірлер: 78

@shumatsuopost 2 ай бұрын

Japanese Yen is 34-year low against USD - is this a GOOD or BAD time to buy real estate in Japan? [SPECIAL PRICING UNTIL 4/15] Japan REI Boot Camp 2.0: www.postfi.co/offers/6PZqhrjW/checkout

@Cordycep1 2 ай бұрын

chart show it get to 177 yen

@r3kt_duuud 2 ай бұрын

@@Cordycep1 no

@shumatsuopost 2 ай бұрын

@@Cordycep1 really - which chart?

@TheGlobalPerspective-Decoded 2 ай бұрын

It is an excellent time to buy. Yen at 154 today 4.15.2024 which will enable some who were priced out to buy in.

@thegormlesstwit849 2 ай бұрын

@@Cordycep1 OMFG, I will sell my BTC and buy a house there.

@DiscoveringJapan1 Ай бұрын

As a SOFA member in Kanagawa myself, I took your advice and setup an account at Bank of Yokohama. It was very easy! Now to find the perfect house!

@chooihoonlim4691 2 ай бұрын

Beautiful house. Been in Japan 4 x. Never get enough of it. I❤️Japan😘

@shumatsuopost 2 ай бұрын

It really is!

@RussianPinoy 2 ай бұрын

Very cool, super humble video without hype. Thank you 🙏 😊 makes this information more trustworthy!

@shumatsuopost 2 ай бұрын

Glad it was helpful!

@mtwhatley3253 2 ай бұрын

Excellent interview…..it really gives a lot of clues to “how to”. I hope you will make interviews a regular part of your channel.

@shumatsuopost 2 ай бұрын

Glad you think so! This interview video won't be the last!

@n1k1george 2 ай бұрын

Perfect timing: I'll be house hunting in later this year in Japan There's so much great material covered in this video! As I am not a permanent resident myself (though that could change), I will be dealing with many similar issues in the meanwhile. Your videos are a such a great resource - keep it up!

@shumatsuopost 2 ай бұрын

Appreciate your kind words! Good luck with your house hunting journey in Japan.

@giomusah2155 2 ай бұрын

@@shumatsuopost Interested. As an American, if you buy property is there a way to get a resident visa? IF your a multimillionaire does that help with the visa?

@MixedShinigami 2 ай бұрын

Love the content and very helpful as an American looking to move to Japan next year to start a different business. These investment property videos are great for other things to do aside from the restaurant I'm looking to open. Great content fam, keep it up

@shumatsuopost 2 ай бұрын

Appreciate your kind words!

@Big-Wonka 2 ай бұрын

The yen is creeping right to 155 now and I honestly wouldn't be surprised if it blows to 160-170.

@AB-py6jl Ай бұрын

Stunning.

@r3kt_duuud 2 ай бұрын

The $ broke the 151 $/¥ resistence level and it reached 154 $/¥ already, the higher cpi data caused the chances of the fed cutting rates in june more unlikable, pushing dollar higher. It's becoming cheaper day by day coming to japan!

@shumatsuopost 2 ай бұрын

How long do you think this will last?

@r3kt_duuud 2 ай бұрын

@@shumatsuopost it's hard to tell, considering that now BoJ increased rates to 0.1% it's still low compared to US rates at 5.5%, and because Japan has a debt to GDP of 255% it's would be too expensive to increase rates too much. I can't tell how much it will last, probably until something big happen in the economy.... maybe until i can come visit japan for cheap🤣

@akosirolandr 2 ай бұрын

Sugoi! There is so much great info in this video. Arigato goazaimasu.

@shumatsuopost 2 ай бұрын

Glad you think so!

@evankrhodes Ай бұрын

Thanks for sharing guys.

@shumatsuopost Ай бұрын

Thanks for watching!

@Matto-Chan 2 ай бұрын

Nice house Jason, they did a great job on the renovation!

@shumatsuopost 2 ай бұрын

I think so too!

@thegormlesstwit849 2 ай бұрын

I can't believe it is 30 years old, looks great, I want one.

@sherlockhomes9919 2 ай бұрын

The visa discussion at the end. That's a serious issue for foreigners.

@yamajules1397 2 ай бұрын

Nice guy! Nice house. Nice job.

@shumatsuopost 2 ай бұрын

Thanks for watching!

@jdskates.69 2 ай бұрын

Interview me on renting in Kobe lol American Ex Pat. Love the content .

@ATable4You 2 ай бұрын

Wow, i just asked about a video like this on one of your shorts. Lmao

@shumatsuopost 2 ай бұрын

You get what you ask for ;)

@dlan6804 2 ай бұрын

I’m from Rhode Island!!!

@shumatsuopost 2 ай бұрын

Cool!

@SAFETYHOOD 20 күн бұрын

Never see any ceiling fans in any of the properties you have shown - is there a reason for that ? Low Ceilings ? Cool breezes always ? Why ?

@mariapcbuquid6126 2 ай бұрын

Hello. Love your channel and this episode. If one is not a resident and just want to purchase a small vacation home to live for a couple to few months every year. Would that be possible to happened? I have a Japanese citizen Aunt thru marriage would that be advantageous to use her as sponsor to get a bank account?

@DiscoveringJapan1 2 ай бұрын

Did Jason just get a bank account, or did he also get a loan/mortgage? I'm also SOFA in Japan and want to buy.

@DiscoveringJapan1 Ай бұрын

I'm also SOFA in Japan and Just set up my bank account at Bank of Yokohama. Getting a mortgage however, is near impossible for SOFA members.

@claytonmatt4334 2 ай бұрын

I’m seriously considering buying there, one concern I have is when I renovate an old house there, do I then need to bring everything up to current code? I’ve heard that could be a major issue.

@gregh7457 2 ай бұрын

current building code? no, but if its a safety issue i'de say yes for personal safety reasons. You don't even need building permits to make changes to the inside of the house. Houses here are considered a disposable item and the govt doesn't care. If you're making changes to gas pipes or electricity you need a licensed contractor, otherwise your fire insurance won't cover.

@thereviewboss 2 ай бұрын

From what i understand. Electric stuff needs to be done by a pro. Actually changing the room layouts can affect insurance if design not accepted by city hall. I think insurance can be a big deal

@DidiGaga-hm4du 2 ай бұрын

i wonder if one should buy via a limited company if the intention was to grow to 2-3 properties

@Doxxpara 2 ай бұрын

That’s my question too. Would need to set up a Japanese LLC or use my California based one?

@gregh7457 2 ай бұрын

Hey he got a better discount than me. I only got 480,000 y discount and mine wasn't remodeled. I will try that tip with the a/c's thanks for that. btw.. I tried using a wire from my broker was going to charge me a 2 yen premium. That adds up on $100k+ so i used wise and transferred to my japan bank

@Big-Wonka 2 ай бұрын

How much did it cost to do it that way?

@doreenkoh8278 Ай бұрын

Shu Matsuo san, I am interested in learning to buy a Akiya for investment . Could you help and advice me of what and how to do it, I live in Yokohama. I am a foreigner but live in Japan for a long time.

@shumatsuopost Ай бұрын

Absolutely. Could you fill out one of these forms to get started? Akiya Income Generator (for rental properties): forms.gle/7ySUCdpiLVy9mHoy9 Japan Akiya Assist (for vacation homes): forms.gle/1A7FHHJxqHfuuUjh7

@michaelmorgan1216 Ай бұрын

Can a us military member stationed in Japan Get a Home Loan?

@ZacharyTeunis Ай бұрын

Video is great but would be alot more helpful if he wasn't a cash buyer, I'm moving to japan soon and work for an American company and id like to learn how / if I could find financing for a home.

@arzelaascoli6765 2 ай бұрын

I think the problem for me is that buying property doesn't give you permanent residency. Is there a direct track to owning property in Japan to some kind of visa? I'm ready to FIRE in Japan, love everything here, and I'm learning the language on a student visa, but it looks like I'll have to go back to work or own a business to stay here longer than two years.

@blackseed68 2 ай бұрын

If you do have to leave, how long does it take before you can come back?

@BornToTroll-it5ju 2 ай бұрын

lol, if they let everyone in who bought a shed this place would be renamed New Shanghai by summer. get a girl, put a ring on it, it's that or bye bye for most

@BornToTroll-it5ju 2 ай бұрын

@@blackseed68 you can come back immediately. you do what we all call 'visa runs' - you just have to pop out of the country for a day and come back, then you get restamped. it has a limit though, most get refused after about the 3rd time.

@DestinationJapan95 2 ай бұрын

@@BornToTroll-it5juno, you can’t do that. Japanese immigration is cracking down on it. They have been for like 2 years now

@gregh7457 2 ай бұрын

@@DestinationJapan95 there are those that have done 2 90 day tourist visas with no problem. i've done it myself no questions asked. just have a return ticket ready to show them that you're leaving when your time is up

@naoh619 2 ай бұрын

Hello Shu I'm interested in buying a Akiya house in Kyoto. I'm looking for something 10million yen or less with the goal to make it as second home and renting it out when im not there. Will you be able to help me with this?

@CosmicStarDust23 2 ай бұрын

Search for a real estate agent

@shumatsuopost 2 ай бұрын

Could you fill out this form to see if we are a good fit for you? forugxcb8r8.typeform.com/to/yHUZyr2J

@naoh619 2 ай бұрын

@@shumatsuopost I was filling it out until i saw the consultation fee starting at $8,000. Seems a little high but let me check out what other consultants are also charging and I see if it worthiest to move forward or not.

@shumatsuopost 2 ай бұрын

@@naoh619 Yes, we charge more than most - because we know the value we can deliver :)

@johnpiroz7075 2 ай бұрын

If you make US salary in Japan than maybe Japan is cheaper to live than us, but if you work in japanese company than Japan is not cheap any more .

@kmo20794 2 ай бұрын

40$ each to eat out in San Diego? He must have been going out to fancy places

@hockeyguy91015 2 ай бұрын

Love the content but have to say this guy is smoking glue sticks saying gas was at $7/gallon in San Diego. Were you getting gas by the airport everyday bruh??