Reliable property consultant of buying foreclosed properties in Japan?
Question by Expat_Investor: Reliable property consultant of buying foreclosed properties in Japan?
Hello Everyone,
I’m an Expat in Japan for almost 5 years now. I find it interesting to buy a foreclosed property in Japan since I heard some good feedback from my friends who already bought property and they are now earning a pretty good return-on-investment.
Most of them suggested that it is wise to look for a low profile but reliable property agent company rather than a big real-estate consulting company that is composed of many employees. It is because you can get an advantage in terms of service fee. One of my friends told me that there is a company called “Mizushima Co. Japan Foreclosed Properties” managed by Akiyama who helped him in gettting a practical bidding amount and now he got the property from Nagano for a very cheap price. Can you imagine a 100sqm house and lot for just 1,640,000 Japanese Yen? He is very glad because he trusted this company even if they just communicated through email. That was really great!
I would like to talk to the owner of Mizushima Co. face to face to consult my property requirements and definitely get their assistance service. I got their email address and will coordinate with them this weekend. Is there anyone here also interested in buying foreclosed properties in Japan? Let’s share our ideas! Thank you in advance.
Best answer:
Answer by Lingo Professor
I am also interested in buying real estate in Japan. I want to rent them out and earn passive income.
The earned income will be used for buying my own residencial house. Because, currently I’m renting an apartment for JPY 70,000 per month. If I can possibly buy a low-price apartment, I can save more. Furthermore, I had a bad experience in investing stocks.
So, If there is an opportunity to buy a cheap foreclosed property but with high yield, I will definitely invest my money. I think the usual profit of other than foreclosed properties can be up to 10 percent. But, I found a website of “Mizushima Co. Japan Foreclosed Properties” , and it seems there is an investor who successfully got a property with 25 percent yield. I’m also very interested to talk with the owner of this property consulting company. Let’s work on our investment adventures! Good luck to both of us.
Here is the website: www.japanforeclose.blogspot.com
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