Shu... how are to grifting Japanese homes as investments when you don't have many properties in Japan..... Your fees are very high. Mush be nice to sell investments that are only losing value due to the Japanese population losing millions of people per year.
Can you please make a follow up videos on some or most of those people who invested in akiya if they already do have someone renting the houses they bought
@daveb3987 You might want to familiarize yourself with exchange rates and how they work. For the last 30 years, Japan has been going through an economic slump. The Japanese Yen is at a 35 year low, I believe, in terms of exchange rate with the USD (as of July 2024). It costs about half the cost of one of these akiya (read: abandoned home) just to renovate it as the purchase price. Combine the 30+ year slump in the Japanese economy with the 30+ year low of the value of the Japanese Yen, plus the current strength of the USD along with the Japanese cultural preference to just tear down one of these homes and build a new home, and you have a confluence of factors that make them a better investment option for someone looking to become a landlord. Oh, and let's remember that Japanese homes to not appreciate in value, so they are not an investment, which is antithetical to the way Americans/Aussies/Brits/Europeans value homes. Thus, the it makes no sense for a Japanese family or individual to "invest" the money needed to renovate an older home, since their homes do not appreciate in value. If you are speaking about foreigners renting, it should go without saying that not every foreigner wants the long-term responsibility of purchasing a home, as well as paying for all the weekly/monthly/annual maintenance home ownership requires. Many foreigners would prefer to rent, and many younger foreigners want to be in Tokyo proper during the brief time most spend living in Japan. Most aren't looking to retire in Japan. This home, for example, is in Saitama, and while it's within an hour of Tokyo, most younger persons will not want to live that far outside the city. That is what more mature individuals want.
My personal opinion. I always thought it will never be a good idea to purchase a single family home in Japan when it becomes to investing. In the beginning people are excited to invest in a property, but once you start living in Japan it will be difficult to come back due to financial reasons. I think you have to plan long term 10, 20, 30 years down the road on what your plans are. Sure its affordable, but I think its not the same as here in the states. Living in Japan permanently and purchasing a home may be a different experience.
@@arcanewondersfann1567 The onus is on renters to install it if they want AC and remove it when they move out. Don't ask me why, it's just the way it is.
@@arcanewondersfann1567 When it's the normal practice, you can't generalize all to be cheap. There must be a reason for it cuz all rental apartments are unfurnished and it really means that - no curtains, lights, etc.
We were just in Seattle the other week for a vacation. I thought my salary in Japan was fine. I work in a finance related I.T. job. We ate at a lot of restaurants. What can I say? The service was great, but the price to pay wasn't small with 15-20 % tipping. So we just stayed in the home of my relative and cooked some BBQ to avoid tipping lol
My father passed away and left me his house in the states. Im. thinking of selling the house here in California to buy a house in Japan. love your videos, super inspiring
Man after watching a lot of your videos im so pumped to know more about it… stationed in Okinawa and loved it but i would love a chance in mainland. How do i start?
While i really like seeing akiya’s being bought, there are some expenses that are not talked about so the numbers are not very complete. Amount of rent expected is mentioned, but not other fees associated with a rental. Property management, maintenance, property taxes in Japan. Taxes on profit in Japan. Do you have to report profit if transferred to US bank? These items need to be discussed as the monthly rental income is not pure profit. These expenses need to be mentioned. Thanks
For 55K he got a bad deal. I will get 5K houses instead and put 5K in renovations and do the work myself. I can do 10 houses for that price. I decided already, I will go to Japan and do exactly this
@@inquisitvem6723 it's caused the access to the house is not compliant to today's standard in my understanding. iif under 10K maybe fine and yearly structure survey to ensure it will never collapse. that said there are multiple wooden house still standing over 100 years
I hope he misspoke, otherwise I worry about what they’re teaching in school. Current Interest rates are within the typical range historically. The low rates from 2009 to around 2022 was an anomaly.
I think they meant downtown Tokyo if there is such a thing. They have a thing called Niju-San Ku Nai (Inside 23-wards). Shiki is on the edge of one of these wards. From where this guy's house is it's only about 25-30 minutes by Express Train on the the Tobu-Tojo line. Also, almost every place in the Metropolitan Tokyo is "City". You need to get more than and hour or two out from Tokyo to be called the countryside.
could you please make a video about other business opportunities for foreigners in Japan? I'm hearing/reading that many people don't like renting airbnb's in Japan. How about small food stalls or farming? are those possible?
"Renovation" just looks like a deep cleaning. Everything still looks dated especially the colors. Blue tub, pink sink? 2nd hand smoke colored walls and ceiling...
Shu - can i still get a similar house in saitama for USD55K ? I am very familiar with Tokyo and travel there twice a year. My aunty lives in Tokorozawa. Daniel ( Singapore)
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
Question! What I can't understand is that I thought akiyas require residents to live in their permanently. But your last few landlords are from America, and they seem just to be investors. Don't the new homeowners need to be permeant residents in the houses they purchase?
@@ratdoto2148 Keep the great videos coming! I like to surf and am particularly interested in Miyazaki and Kochi kens. I also like Shizuoka and Chiba kens. But aren't Shizuoka and Chiba akiyas more expensive than Miyazaki and Kochi because they are close to Tokyo?
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
If you go to Shu's website there is a pdf "How To" to download that gives you full details but as Shu states in his guide, these houses generally depreciate.
These Japanese Akiya's will be yours forever because you won't be able to resale it. There is a reason why the houses are cheap because there are plenty of them.
how do i book a one on one with you? I have a japanese passport and cash ready to buy a place and plan on being there next week to look at some properties
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
@@shumatsuopost Hey! Filled out a form and dint get a repsonse with the dates of my availability. I have been in contact with some other agents and feel like im gettign the run around. Do you have time this week to chat? happy to compensate you for your time so i can get some question answered. My situation is kind of unique in that im already a citizen and can get residency pretty easily.
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
Once demolished it can't be rebuilt. There are a lot of alleys and streets that no longer meet building standards and many properties there are marked as non-rebuildable. Heritage buildings are also denoted as such to protect them from demolition and to protect the area from gentrification.
It's a traditional part of Japan and most Japanese would never dream about living in a house without one. In the newer homes where you work with the builder you can forego the tatami. It's actually a very pleasant room and it's minimalistic nature is pleasing to most. In Japan, a lot of people don't even use a formal bed and will lay their "mattress" on the tatami floor for sleeping.
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
One thing I'd like you to ask these people too is what they do for their job now that they are in Japan. Because he can't practice his healthcare assistance here I assume?
Thinking of buying property in Japan. Do your homework. It not as easy as this guy would elude too. Yeah the tats will not win him any points in Japan. Espically in Saitama
Should be OK since most Westerners don't like to get naked in front of other people. A majority of Western tourist's book Ryokans with a private onsen in the room.
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
Homeowner, Spencer, and you have resulted in a win-win transaction. The owner should be relieved to have sold the none-rebuildable property that no Japanese would buy. Seeing the guy's happy face gives me mixed feelings.
He said, this is the first time he has seen the property in person so he did everything online or phone. The people he dealt with probably didn't even know.
Tattoos in Japan are associated with the Yakuza (Japanese mafia) but if you are a foreigner they will probably be overlooked especially if you are dealing with a younger agent who make up the majority of the people handing this sort of real estate.
![Twenty One Pilots - “The Line” (from Arcane Season 2) [Official Music Video]](http://i.ytimg.com/vi/E2Rj2gQAyPA/mqdefault.jpg)
Is this the BEST time or WORST time to invest in Japan?
Apply for Akiya Income Generator: forms.gle/ZbanpivqL1kch8uV6
Shu... how are to grifting Japanese homes as investments when you don't have many properties in Japan..... Your fees are very high. Mush be nice to sell investments that are only losing value due to the Japanese population losing millions of people per year.
I believe the yuan and yen will get weaker long term due to debt levels.
Can you please make a follow up videos on some or most of those people who invested in akiya if they already do have someone renting the houses they bought
Let's go!!!!! Also, that's a pretty great looking house! Congrats to Spencer! Thanks Shu for sharing these videos! Keep posting 💯📈
Would be interested to see the follow up experience securing a tenant, rental demand etc.
At prices so cheap, why would people rent?
Cheap if you aren't paying with earned Yen.
@daveb3987 You might want to familiarize yourself with exchange rates and how they work. For the last 30 years, Japan has been going through an economic slump. The Japanese Yen is at a 35 year low, I believe, in terms of exchange rate with the USD (as of July 2024). It costs about half the cost of one of these akiya (read: abandoned home) just to renovate it as the purchase price. Combine the 30+ year slump in the Japanese economy with the 30+ year low of the value of the Japanese Yen, plus the current strength of the USD along with the Japanese cultural preference to just tear down one of these homes and build a new home, and you have a confluence of factors that make them a better investment option for someone looking to become a landlord. Oh, and let's remember that Japanese homes to not appreciate in value, so they are not an investment, which is antithetical to the way Americans/Aussies/Brits/Europeans value homes. Thus, the it makes no sense for a Japanese family or individual to "invest" the money needed to renovate an older home, since their homes do not appreciate in value.
If you are speaking about foreigners renting, it should go without saying that not every foreigner wants the long-term responsibility of purchasing a home, as well as paying for all the weekly/monthly/annual maintenance home ownership requires. Many foreigners would prefer to rent, and many younger foreigners want to be in Tokyo proper during the brief time most spend living in Japan. Most aren't looking to retire in Japan. This home, for example, is in Saitama, and while it's within an hour of Tokyo, most younger persons will not want to live that far outside the city. That is what more mature individuals want.
Congratulations and glad u take actions instead of sitting on the beach👍
Glad to c another seattleian in town, cheers 🎉🎉🎉
My personal opinion. I always thought it will never be a good idea to purchase a single family home in Japan when it becomes to investing. In the beginning people are excited to invest in a property, but once you start living in Japan it will be difficult to come back due to financial reasons. I think you have to plan long term 10, 20, 30 years down the road on what your plans are. Sure its affordable, but I think its not the same as here in the states. Living in Japan permanently and purchasing a home may be a different experience.
yeah who tf invests in japan ? in my country for 100k you can buy a house and rent out for 1000$ a month, that's investment
I recommend you install AC in your house it will help with renting it
Rental properties in Japan usually do not come with AC.
@@jsurfin1 lol why ? heat seems crazy
@@arcanewondersfann1567 The onus is on renters to install it if they want AC and remove it when they move out. Don't ask me why, it's just the way it is.
@@jsurfin1 lol Japanese are so cheap
@@arcanewondersfann1567 When it's the normal practice, you can't generalize all to be cheap. There must be a reason for it cuz all rental apartments are unfurnished and it really means that - no curtains, lights, etc.
Congratulations, Spencer! So wonderful to see you having early success on your journey to becoming a landlord!
We were just in Seattle the other week for a vacation. I thought my salary in Japan was fine. I work in a finance related I.T. job.
We ate at a lot of restaurants. What can I say? The service was great, but the price to pay wasn't small with 15-20 % tipping. So we just stayed in the home of my relative and cooked some BBQ to avoid tipping lol
My father passed away and left me his house in the states. Im. thinking of selling the house here in California to buy a house in Japan. love your videos, super inspiring
you could buy a few houses in japan for 1 house in cali lol
Bravo to this young man! 🎉
Who is renting if Jp is losing its population?
Also, what's the insurance cost for such houses if there's a calamity?
Man after watching a lot of your videos im so pumped to know more about it… stationed in Okinawa and loved it but i would love a chance in mainland. How do i start?
While i really like seeing akiya’s being bought, there are some expenses that are not talked about so the numbers are not very complete. Amount of rent expected is mentioned, but not other fees associated with a rental. Property management, maintenance, property taxes in Japan. Taxes on profit in Japan. Do you have to report profit if transferred to US bank? These items need to be discussed as the monthly rental income is not pure profit. These expenses need to be mentioned. Thanks
i just love how it says in super small letters "near" in the thumbnail XD
For 55K he got a bad deal. I will get 5K houses instead and put 5K in renovations and do the work myself. I can do 10 houses for that price. I decided already, I will go to Japan and do exactly this
where do u find those 5k near tokyo? isnt it only on rural areas?
@GomezBro when you do this record the journey. I’d love to see you doing your thing. I want to do the same but I am not handy at all. 😅
We just came back from Japan for 3 weeks and we love it there we want to buy a house there just do t know where to start
85k yen seems very expensive it will be hard to find the tenant with that amount.
I think it's like under $600. It's really not bad. They have smaller luxury apartments take go for a lot more than that
congrats dude!
Jeez a breakdown of the cost would have been even more awesome
3:53
@@VyesI wonder why he mentioned non-rebuildable? Can’t homes built before 1981 be torn down and newly built due to earthquake sensitivity?
This guy's rips people off
@@HIGHSOCIETYJAY which guy?
@@inquisitvem6723 it's caused the access to the house is not compliant to today's standard in my understanding. iif under 10K maybe fine and yearly structure survey to ensure it will never collapse. that said there are multiple wooden house still standing over 100 years
Is the 75000 US dollars just for the purchase of 0:06 the house and other fees, it does not include renovation costs right?
Would you please say how to get those house ?
Nice one Shu, good to hear Spencer feedback. Regards Chris719
Interest rates in the US are not at an all time high as stated. Higher than they have been in awhile, but far from an all time high.
I hope he misspoke, otherwise I worry about what they’re teaching in school. Current Interest rates are within the typical range historically. The low rates from 2009 to around 2022 was an anomaly.
Our west coast property taxes are very high from San Diego to Seattle.
@@kendoman3150 Agree. interest rates in the late 70’s and 80’s were in the double digits peaking around 18%
@@BubbleLandia doesn’t change the fact that interest rates were double digits which is what is being addressed
You can close on a property in the USA quickly in about 10 days as well, if you pay cash just like this American did in Japan.
The idea of living near Tokyo yet not right in it is genius- I want to do that too- any more in that area?
May I ask how much startup capital you need to start something like this? And what about renting in Japan while still living abroad?
That is exciting. 50 minutes from city seems a little far. I am guessing it would take $100,000 to cut to 25 minutes to city.
I think they meant downtown Tokyo if there is such a thing. They have a thing called Niju-San Ku Nai (Inside 23-wards). Shiki is on the edge of one of these wards. From where this guy's house is it's only about 25-30 minutes by Express Train on the the Tobu-Tojo line. Also, almost every place in the Metropolitan Tokyo is "City". You need to get more than and hour or two out from Tokyo to be called the countryside.
Good job guys!
could you please make a video about other business opportunities for foreigners in Japan? I'm hearing/reading that many people don't like renting airbnb's in Japan. How about small food stalls or farming? are those possible?
I wonder if these houses are actually get rented?
With the declining native Japanese population I have my doubts
"Renovation" just looks like a deep cleaning. Everything still looks dated especially the colors. Blue tub, pink sink? 2nd hand smoke colored walls and ceiling...
That Stairs Too Need Be Replaced
Shu - can i still get a similar house in saitama for USD55K ? I am very familiar with Tokyo and travel there twice a year. My aunty lives in Tokorozawa.
Daniel ( Singapore)
Hi Shu could you recommend any sites for free Akiyas or kominika ? I looked at your videos hoping to find more
You can try Suumo or AtHome JP.
Can you get earthquake insurance in Japan?
I want to buy a ready move in house.
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
Question! What I can't understand is that I thought akiyas require residents to live in their permanently. But your last few landlords are from America, and they seem just to be investors. Don't the new homeowners need to be permeant residents in the houses they purchase?
It depends. Councils manage their Akiya differently. Rural councils often want permanent residency because they are seeking to rebuild communities.
@@ratdoto2148 Keep the great videos coming! I like to surf and am particularly interested in Miyazaki and Kochi kens. I also like Shizuoka and Chiba kens. But aren't Shizuoka and Chiba akiyas more expensive than Miyazaki and Kochi because they are close to Tokyo?
fuuukin awesome!
So its easy if we pay you right? 8k?
Hey shu! I’ve been following for A while now! I need your help! Especially with step one1 the search!!!
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
Do these properties appreciate or depreciate with time?
If you go to Shu's website there is a pdf "How To" to download that gives you full details but as Shu states in his guide, these houses generally depreciate.
i have about 5 million yen and i am living in japan . do u think it enough to buy my first japanese rental proprety
Awesome!
Does he have social media account?
Off topic but I've never seen a shirt collar like that. 😮
These Japanese Akiya's will be yours forever because you won't be able to resale it. There is a reason why the houses are cheap because there are plenty of them.
No one's ever thought of that. Amazing.
Everyone knows that ...hence they are RENTALS😅😅😅
how do i book a one on one with you?
I have a japanese passport and cash ready to buy a place and plan on being there next week to look at some properties
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
@@shumatsuopost cool sent!
@@shumatsuopost Hey! Filled out a form and dint get a repsonse with the dates of my availability. I have been in contact with some other agents and feel like im gettign the run around. Do you have time this week to chat? happy to compensate you for your time so i can get some question answered. My situation is kind of unique in that im already a citizen and can get residency pretty easily.
I live in the city & walk & bike everywhere, even to the beach. Personally, I wouldn't want to live, nor rent 50 minutes away from Tokyo.
Hi, Shu, I'm going to Japan soon how i can meet you ?
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
50K won't by you a shed in Seattle.
What does “non rebuildable” mean?
Once demolished it can't be rebuilt. There are a lot of alleys and streets that no longer meet building standards and many properties there are marked as non-rebuildable. Heritage buildings are also denoted as such to protect them from demolition and to protect the area from gentrification.
Do you need a tatami room
It's a traditional part of Japan and most Japanese would never dream about living in a house without one. In the newer homes where you work with the builder you can forego the tatami. It's actually a very pleasant room and it's minimalistic nature is pleasing to most. In Japan, a lot of people don't even use a formal bed and will lay their "mattress" on the tatami floor for sleeping.
is this abandon house already renovated ?
Did you watch the video?
Yes. Already Renovated But Still Need More Renovation. That Stairs Need Proper Stairs. 🛁 Need Renovation.
Prefer Saitama, Ibaraki, or Chiba to overpriced Tokyo or Yokohama. Daikanyama or Ebisu is not Beverly Hills or Woodinville or Tahoe.
Does Spencer have a renter already?
xoxo
How can i buy?
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
One thing I'd like you to ask these people too is what they do for their job now that they are in Japan. Because he can't practice his healthcare assistance here I assume?
he's not going to live in Japan. the property will be a rental
I'll be contacting you soon...ty
Can't wait!
Thinking of buying property in Japan. Do your homework. It not as easy as this guy would elude too. Yeah the tats will not win him any points in Japan. Espically in Saitama
So how does this kid actually make money?? He makes about 10% rent but so what. The house will never go up in value. Better to buy the nasdaq
If I could just trade all my stuff and work to japanese I would actually be able to afford to live liike this. lol
394 views 58 minutes ago. Early morning video!
As soon as I saw him I knew he was from Seattle 🤣
more Akiya houses are available everyday, buy more Akiya.
Hey Spencer, I guess it's no public onsen for you as well, just like me...
Should be OK since most Westerners don't like to get naked in front of other people. A majority of Western tourist's book Ryokans with a private onsen in the room.
Can you help me to buy a house in Japan?
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
THIS counts as renovated?...i mean...it looks livable yes...but still hella dated...
I will buy the same if you find it for me 😊
Homeowner, Spencer, and you have resulted in a win-win transaction.
The owner should be relieved to have sold the none-rebuildable
property that no Japanese would buy. Seeing the guy's happy face
gives me mixed feelings.
Seattle sux. Investing in Japanese real estate is not a great idea. Buy if you want to live there, don't buy to invest.
100% I’m interested in buying purely to have somewhere to live 6 months if the year
No AC wack
I am curious how his Tattoos, if at all had an impact on the actual buying Process?
He said, this is the first time he has seen the property in person so he did everything online or phone. The people he dealt with probably didn't even know.
Tattoos in Japan are associated with the Yakuza (Japanese mafia) but if you are a foreigner they will probably be overlooked especially if you are dealing with a younger agent who make up the majority of the people handing this sort of real estate.
Shu probably did everything and he just came to sign the papers
I have tried to contact you twice via your website, have not heard back. Please contact me!