Comments on: Investing in realestate in Japan http://www.retireyoungandwealthy.com Tips, advice and experience for making money from anywhere in the world Tue, 31 Jan 2012 10:28:12 +0000 hourly 1 By: David Markle http://www.retireyoungandwealthy.com/investing-in-realestate-in-japan/comment-page-1/#comment-222 David Markle Wed, 03 May 2006 02:39:00 +0000 http://www.retireyoungandwealthy.com/investing-in-realestate-in-japan/#comment-222 I think most of the disadvantages you mention are valid, however they can be minimized by putting a little sweat into finding things out, especially the law angles, and getting rid of unwanted tennants. Propery taxes are high at the beginning, but the potential rewards are high also. Japan is a rich country with very limited real estate, bargains abound. To give you one example: This 'resort village' is owned by my town and is a stone throw from my house. It was built about 12 years ago and for the last two has been rented by an art group of some kind. The town completely mismanged it from the beginning and despite it being near the top of places to stay, had deteriorated and the town want to get rid of it. It is a fire sale and definately distress, but only a few people will hear of this. Here is the link: http://www.shokokai-yamanashi.or.jp/~maki_mito/html/fufu.html If I had a few million dollars and wanted to get into the hotel/ resort management business, this would be a good start. Actually it looks like one for Goldman Sachs or Lonestar. I think most of the disadvantages you mention are valid, however they can be minimized by putting a little sweat into finding things out, especially the law angles, and getting rid of unwanted tennants. Propery taxes are high at the beginning, but the potential rewards are high also. Japan is a rich country with very limited real estate, bargains abound. To give you one example: This ‘resort village’ is owned by my town and is a stone throw from my house. It was built about 12 years ago and for the last two has been rented by an art group of some kind. The town completely mismanged it from the beginning and despite it being near the top of places to stay, had deteriorated and the town want to get rid of it. It is a fire sale and definately distress, but only a few people will hear of this.
Here is the link:

http://www.shokokai-yamanashi.or.jp/~maki_mito/html/fufu.html

If I had a few million dollars and wanted to get into the hotel/ resort management business, this would be a good start. Actually it looks like one for Goldman Sachs or Lonestar.

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