Retire Young and Wealthy

I have started calling Japanese agents about properties they have advertised on the web. One example is for sale for 5,500,000 yen. Around US$55K. The rent is 55,000 yen per month.

It is actually leased to another real-estate agent who subleases properties to foreigners. The property comes out at a 12% return. The agent probably rents the property for around 90,000 yen. I don’t know how much they would be willing to negotiate, but I think an offer of 4 million yen would be reasonable, which would return 16.5%. If anyone is interested please send me an email and I can pass on the details.

I would prefer to buy something vacant and try to manage it myself. I am going to look at a property tomorrow evening and planning to put in a really low offer and see what their reaction is.