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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Question by bigdonut72: legal & tax advice buying a home for in-laws (michigan)?
my wifes parents are claiming bankruptcy (business closed) and are leaving their house. we would like to buy a housethey could stay in, near to us (within 5 miles). Some lenders require more (down payment/higher rate) because this is an “investment property” but i have been told that they are family and this could be my second home (lower down/lower rate). my attorney states that we should have a lease, and would pay taxes on a fair market rent, but we dont plan on charging them. Will I have to pay taxes on a non-existent income? can I still get the tax deductions for mortgage interest and city taxes I pay? can they homestead the property? I’m lost. any knowledgeable direction is greatly appreciated. Basically, can I buy a second home for myself and let my in-laws stay for free? Will I have claim this as income producing (even though it’s not)? Are tax advantages better one way or another?

Best answer:

Answer by racache_us
Dude you have an attorney and not a accountant? Your questions are all valid, for a accountant. The laws change state to state. A good loan officer will know the answers and they can direct you towards the best loan for your situation.

If you sign your in laws to a lease to show additional income for you, the bank will want a rental history or in your case mortgage history and that wont look good. Yes you can write off the interest on your loan, no they can not homestead the property unless they are on title. You see what I mean you need a good LO.

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Question by marylou: My mom is buying me a house since my hubby and I don’t qualify. Just a few questions…?
I have the cash for the down. My mom has the perfect credit. I have the debt. And my husband has the income (although none of it “counts”]). Well my mom is going to buy this house for us for 79,000 and basically we would live in it and pay the mortgage. In a few years, she will sell/transfer or whatever the deed over to us when my husband has more work experience and I pay off the cars. Anyways, she was concerned about how purchasing another “investment property” (she owns her house outright as well as a rental that she rents out) would affect my brother’s college financial aid. He’s attending a private university as a sophomore and receives basketball scholarship, academic scholarship, and financial aid for low income. Does an investment property even if the person is not making any money from it (we would be paying the mortgage and not a penny more) negatively impact my brother’s aid since he is a dependent of my mom? I’m so grateful for her to do this, but I don’t want it to hurt my brother who has not messed up his life yet with car debt. (I have 3 really really nice expensive cars…. ugh….. anyone want to buy a limited edition shelby? haha…)
Also, how would the deed be transferred to my husband and my name in the future? I don’t know how that works. Thanks!!!
My husbands income doesn’t “count” because he is a truck driver and makes per diem. He gets 18 cents per mile and some weeks makes $ 250 and some makes $ 1000. Just never know… Only 1/2 of his income is considered “taxable” and therefore even shows up on paper.
Also my mom is low income as she is a teacher’s aid and has 3 dependent children (not including me).
She can qualify because she has had absolutely perfect credit for 30 years with no debt at all. She manages her money extremely well.
Now I’m worried about this “gift tax” thing…
We made stupid financing decisions and bought expensive cars…….. I make payments but it’s a burden. Wish I could get rid of them and trade them for a house as I’d qualify without them.

Best answer:

Answer by So simple
your mom sure know

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Property investing has proved itself is a wealth creation vehicle for many generations now. Many families have built their wealth on property acquisitions over a long period of time which now places them in an enviable financial position.

As it becomes clear that current superannuation plans may leave many retirees in a less than comfortable position, the property market provides an alluring alternative. But it is not just a simple matter of buying a property and rubbing your hands with glee at the inevitable positive returns. Careful professional advice is required and tailoring an investment strategy to suit your individual circumstances is vital.

Many first-time investors make glib references to the tax advantages that attached to property investment but a few simple points still need to be clarified. In this article will examine the important taxation considerations of property investment including negative gearing, depreciation, capital gains tax, and how tax benefits can make your investment pay.

This term simply describes the fact that you are borrowing money to make an investment. When the costs of the investment are higher than the return you achieve, you are said to be negatively geared. For example when an investment property has an annual net rental return which is less than the interest charged on the investment loan, the property is said to be negatively geared. This loss of income from the property is eventually made up over time as the property value increases. In the meantime however a high income earner can benefit from this as the losses can be offset against their taxable income. Although you should never specifically aim for a negative gearing position, you can take advantage of it if it suits your personal circumstances, and if the properties capital growth potential is going to be positive and greater than the cost of funds, otherwise it is a futile endeavour.
One of the tax advantages in owning an investment property is that you can claim for depreciation of certain items and reduce your taxable income in the process. Things like refrigerators, furniture and cooktops can be written off over the effect of life of the asset. Naturally, you need specialist advice here and an accountant is the obvious choice. The Australian taxation office determines the schedules and allowances but you still need the services of an accountant and a quantity surveyor to make sure you get the greatest depreciation deduction. New properties have greater depreciation. You can claim two components, the building as well as the fixtures & fittings.
This is charged on the capital gains that your investment property enjoys over the period you own it only if you sell it You become liable to pay the capital gains tax where your gains exceed your capital losses in any income year. This is where specialist advice really comes into its own as you can take advantage of capital losses if you sell the property at the right time. This is a very complex area that your specialist property adviser or accountant can assist you with. Otherwise if you are building wealth, you can get your property revalued and lend against its increased value to purchase another property without triggering capital gains tax.
After you have owned an investment property for a number of years, you are likely to enjoy substantial capital gains. Additionally, your rental income over the same time can greatly assist loan repayments to a point where it there is very little effect on your cash flow, or to the point of being positively geared. Reviewing your position at that time, you may be ready to add another property to your portfolio.

Take advantage of these tips and plan your property investment strategy only after consultation with experts.

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Many of the richest people in the world have made their fortunes when the economy hit rock bottom. These people had the vision to seek out opportunities in the midst of chaos, while the masses focused on despair.

What can we learn from this? Is there an obvious wealth-building investment opportunity available to us today in the midst of all this financial chaos?

Do you have “vision”?

Can you think of a better time to invest in an asset than in a down market? The investor’s credo is to always to “buy low and sell high” — right?

There are 5 reasons why you should consider buying investment property (real estate) right now :

1. It is widely held that more fortunes have been created by real estate that any other form of investment.

2. Raw land development is the most profitable form of real estate. [On average, raw land development projects increase the value of raw land by 2-5 times its original cost.]

**  If you are following the logic, I hope you can see where this is going and how wealth creation correlates with buying investment property.

3. A professionally managed raw land development project is one of the most safe investments that a high yield investor can make. It is “safe” because the land developer will typically secure their investors’ capital investments with the hard assets of the project (the real estate itself). In addition, they will place their investors in “first lien position” for the project’s assets and revenue.

This means, in the event of a financial problem with the land development project, the real estate can be sold and investors can recoup some or all of their invested capital plus any net profits. Also, it means that the investors, being in 1st position, are the first in line to be paid, if project assets must be sold. (This is similar to the situation where a bank owns the deed on a home loan. The bank is in first lien position. In the event of a homeowner default, the home can be foreclosed upon and sold to repay all or part of the debt owed to the bank before any other creditors are paid.)

NOTE: There is no such thing as a completely “safe” investment. All investments have some element of risk. There are, however, means to reduce risk.  And, this author believes that the best way to reduce risk is to back or secure the investment with hard assets (such as real estate) to protect the investors’ capital.

4. Real estate property prices are very reasonable right now. And, purchasing investment property for raw land development is literally a “buyer’s market”. This is because landowners aren’t any different than you and me. They have been affected by the economy like the rest of us. Therefore, many are willing to sell their land for very reasonable prices because they simply need the money.

Extraordinary opportunity for investors:

In this buyer’s market, professional land developers are in “go” mode. It is “the perfect storm” for buying investment property to support their land development businesses.

As a result of today’s tightened credit markets, land developers are turning to private investors to help them acquire the raw land at record low prices.  And, they are willing to pay handsomely for the use of their investors’ money. We’re talking about legitimate, high yield safe investments folks!

5. The United States population is projected to grow +29% from 2000-2030. (According to U.S. Census Bureau statistics.)  That means the addition of 82,000,000 new people in America! And these new people are going to need new homes, new schools, new stores, and new communities to support them.

Can you guess where are these new homes, schools, stores and communities are going to come from? That’s right — from raw land development projects — the “building blocks” for all new community construction.

Summary:

There you have it.  Five fact-based reasons that you should strongly consider buying investment property.  And, specifically, investment property in the form of raw land development projects.

The timing is now.  And the key is finding the right land developer to invest with.

About the author:

John Hanlin is an Independent Investment Consultant specializing in high yield, safe investments secured by real estate. He is a seasoned investor of over 25 years.  To learn more about buying investment property and raw land development, click on this link for a copy of John’s FREE Special Report

You have full permission to reprint this article provided it is kept unchanged and published in its entirety.

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http://www.BelowMarketValuePropertyInvestments.com

A leading site for learning all aspects of property investment from finding motivated sellers to buying below market value with no money down.

Property investment and real estate has become an increasingly attractive option for many people who want greater financial freedom and increased returns on their investments. Finding below market value investment property for sale i.e. people becoming repossessed or divorced offers great opportunities for property development investment. This is the secret to making really profitable immediate returns quickly of up to 40 per cent of the value of the property as all successful property investors know that the money in property is made when you buy and not when you sell.

Don’t expect to get the best deals from an estate agents display as it won’t happen. They are snapped up because the seller wants to sell quickly for less money. Makes sense doesn’t it. And guess what, the majority go to the Agent’s friends or developers contacts. The best way to get the best deals is to get them through your own means.

As a result the property investment market has much to offer investors looking to buy investment property direct from time motivated sellers i.e people in debt and facing impending repossession or divorce and who are looking to sell at huge discounts very quickly that will give the investor instant profits of up to 40 per cent of the value of the property.

Residential property investment is very attractive for those seeking to invest in Below Market Value property and is making astute investors huge profits. These wise investors are generating leads from time motivated sellers such as people in debt and then getting thousands in the bank from day one in the form of instant equity.

There are various property financing services that provide no money down solutions to real estate and property investments. These services allow investors to take out what is known as a closed bridging loan. This enables them to buy a property without having to use their own money as a deposit.

Many serious property investors have created enormous no money down property portfolios with very little money upfront. The secret is borrowing against the value of a property rather than the purchase price which is the technique behind no money down investing.

Getting property investment advice on how to buy property is all too easy. There are many services that will charge you money for advice or a property investment course. However getting the right advice or finding a good course is like gold dust. Not only will it save much time and money but will show you how to build a property portfolio and make money quickly using little or none of your own money up front.

Closed bridging can be a very effective way to quickly grow a UK property investment portfolio if you are purchasing properties below market value. It can enable you to buy no money down and then get instant money returned to you on completion.

One of the biggest frustrations I hear from people getting started in below market value property investing is lack of money. They don’t have enough money for a down payment. They can’t have that money tied up for months, even years. They can’t buy multiple properties because they don’t have the cash. I have some suggestions for how you can use 100 per cent financing, so you don’t have to use any of your own money.

Sound too good to be true? I assure you it’s not.

You have to ensure that you are dealing with time motivated sellers with enough equity in their property to pay their mortgage and all their liabilities off.

This is what a below market value property investment deal is, usually 15 to 40 per cent below market value with the aim of having to use none of your own money to finance the deal purchasing property from people in debt or looking for a quick sale for numerous reasons such as repossession, divorce and relocation.

You can get proven property investment strategies with my free mini course “Six tips and techniques for maximizing profits from property investments” This is a £127 value course for free.
How to buy unlimited property investments using little to none of your own money.

How to find the best motivated sellers and BMV properties.

How to get started buying bargain properties and how to build your property portfolio.

I know how to spot the best property investment opportunities and how to find them before everyone else does. I can show you how.

Please visit http://www.BelowMarketValuePropertyInvestments.com now for your FREE 6 part property investment mini course

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Buying a Property in Bulgaria: How to Buy an Investment Property, Retirement Home or Holiday Retreat

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