I Just Bought a Half-Finished House in Japan

Рет қаралды 13,744

Күн бұрын

Пікірлер: 92

@shumatsuopost 6 ай бұрын

Note: I recommended this deal to a few clients of ours but none of them wanted it. So I decided to buy it and the deal work. Want to buy an akiya like this for yourself? Apply for Akiya Income Generator: forms.gle/ZbanpivqL1kch8uV6

@ronaldsee9187 6 ай бұрын

Hi i have applied twice but did not get any response from you, am I not eligible?

@larsbee 5 ай бұрын

post, keep us posted ... once I'm over there I may become your renter...

@maylee8696 6 ай бұрын

Congratulations! And bringing your daughter along was super cute 👏

@shumatsuopost 6 ай бұрын

Thank you!! 😊

@thelonelyamazonian7039 6 ай бұрын

Today’s vlog was…. Totemo omoshiroi desu ne! Never knew you were a Father! I see, going for full marathons to your Akiya hunts with your Daughter in the baby stroller keeps you healthy and fit. No wonder you look younger as each day goes by! ☺️ And, oh wow, your new property even has a mezzanine floor, that is so great. Shu Matsuo-san, Ganbatte kudasai! 👍

@shumatsuopost 6 ай бұрын

That's so nice of you! Thanks!

@JetcannonM 6 ай бұрын

Congratulations on the house and on your daughter. It will be very nice once fixed up. I was thinking it wouldn't get much sunlight because it's so tucked away among other houses but once inside I see that is not the case. Very nice. Good price too for the location.

@shumatsuopost 6 ай бұрын

I'm excited as well! Thank you!

@markqualman1737 6 ай бұрын

I appreciate your work Shu! My wife landed in Funabashi yesterday and I'll be there by the end of the month. Hopefully we'll be client / customer soon!

@shumatsuopost 6 ай бұрын

Love to hear that!

@avanjob205 6 ай бұрын

damn , japan needs to step up its insulation game. The power bills would be crazy

@yoloni 6 ай бұрын

It’s like 10000 to 30000 yen for a 4 people house.

@cyberwomble7524 6 ай бұрын

When (and where) that house was built it wasn't customary to heat or cool entire rooms artificially. Winter, throw on more clothes and basically live in the kotatsu. In Summer, open up all the windows and doors and just suck it up. Modern houses are, well, more modern. Generally houses like that wouldn't be expected to last 30 years, let alone 60!

@mrbHanoi 5 ай бұрын

You can add insulation and stone cladding Can easily be shared by 2 single people.

@rhymeister 2 ай бұрын

Should see some houses in Hokkaido where it gets extremely cold...I don't get it. At almost all the places I have lived in Tokyo, in the mornings in winter, it'll be warmer outside than inside. They really do, esp being a nation w/ little to no natural gas and oil.

@YokubouTenshi 6 ай бұрын

I would love to see a video on the differences between what a domestic investor such as yourself consider to be important when buying a property versus what a foreign investor would consider to be important.

@rhymeister 2 ай бұрын

Should always look at IRR (internal rate of return) be it Nihonjin or foreign investor and average rent for comparables per square meter (living space) and multiply that by the floor space of what you're buying. Always make sure the land if shoyuuken 所有権 (freehold) not shakuchiklen 借地権 (leasehold). Do you understand why that last part might be important?

@laurentbernut2567 6 ай бұрын

I would definitely bid for this ugliest house in such a good neighborhood!!! Excellent find. It is 飛び地物件, which caps the exit demand. Question: are you going to bring an architect and spend an extra bit of money to make it look good, or go for the highest yield? If the neighborhood goes up in value, it might be worth spending a bit more. Great daddy!! Your daughter will look back at this video very fondly in a few years. We bought our first building in 練馬区桜台 a few months from our daughter's birth.

@hshneo 5 ай бұрын

Hi Mr. Bernut! I loved your interview with Shu！Do you mind to answer a question? Are tenants allowed to touch electric and pipe stuff inside the house during a reform? Thanks in advance!

@pomijaime 4 ай бұрын

Exciting! Good luck.

@shumatsuopost 4 ай бұрын

Thank you!

@homeofficeheroes9027 6 ай бұрын

Congrats !!! I hope you get it !

@nick7509 6 ай бұрын

Great video!! Can't wait to see the final product! Great job Shu!!

@shumatsuopost 6 ай бұрын

Me too!!

@lisahynes3967 5 ай бұрын

Congratulations 🎉 Looks like it has a ton of potential and the neighborhood looks really nice and family friendly.

@shumatsuopost 5 ай бұрын

Thank you!

@SarifahHeckman 6 ай бұрын

Best Dad ever👍 and congrats on your new purchase

@jaredsharethealoha 6 ай бұрын

Congratulations on the purchase, marathon and most of all taking care of your daughter. My daughter is 12 now. Will check out the links and will be in Yokohama in July. Thanks for all the informative videos. Aloha

@shumatsuopost 6 ай бұрын

Much appreciated!

@jcmontecarlo6123 6 ай бұрын

Just put a 100k kitchen in my palm beach home,sold it for 700k more. So yes…put a nice neutral kitchen in !

@es8059 6 ай бұрын

Great video. Thank you. And good exercise to check out the convenience stores around. I’m not as fit so would probably look on Google maps. 🤓

@shumatsuopost 6 ай бұрын

Glad you enjoyed it!

@RumMonkeyable 6 ай бұрын

Always like your reviews. You are very thorough and provide your thoughts and reasoning for acquiring a property. Really looking forward to seeing the before and after renovation video. P.S. You must be getting ready to travel for the upcoming Marathon. Wishing you the best. 👍👏😍

@shumatsuopost 6 ай бұрын

I appreciate that!

@marktang9974 Ай бұрын

Congratulations 🎉

@shumatsuopost Ай бұрын

Thank you!

@ItsLizzy82 6 ай бұрын

Wow what area is this at 5:10 Shu? I am interested in how much those homes go for?

@DroKen 6 ай бұрын

@foodzillaXL 6 ай бұрын

Thanks for posting the informative videos. Do you do any of the renovations?

@nicholasatkinson4573 6 ай бұрын

I want to leave the USA so bad. I'm jealous of you living in Japan. As a black man I know I will face a little resistance here and there but it just seem so peaceful, civilized, and beautiful. I love the Japanese people. You help me to escape reality. Thank you sir.

@Felix-co4jh 6 ай бұрын

As another Black man living in Japan, actually no. You being black doesn't even matter here, all you get here is the same treatment as "Look a foreigner" and that's it.

@rhymeister 2 ай бұрын

There are some Y-tubers that have videos about that, inc one called Black in Japan. I'm not, but know some black folks there and they love it. Used to have a black colleague at a real estate brokerage in Tokyo and I left before he did, but the owner, who's blackanese, made some bad investments and had to close it down so my colleague ended up back in the U.S.

@mukeshvig174 6 ай бұрын

With the non-rebuildable houses, are you allowed to change the look of the house from outside besides renovating the exterior? Thanks

@jchen174 6 ай бұрын

Nice find! What will happen if the house in future need a total make over although you said it is not rebuildable?

@shawncochran1285 5 ай бұрын

Best part of this video was hearing your daughter cooing in the background.So cute🥰she stole the show bro

@siners77 6 ай бұрын

Congratulations on the deal, I am still trying to find a way to get one

@shumatsuopost 6 ай бұрын

Thank you and good luck!

@costa2k1 6 ай бұрын

That's actually a very good find

@beefortytree 6 ай бұрын

what kind of budget are you spending for reno?

@edinglasan31 6 ай бұрын

Congrats mate

@shumatsuopost 6 ай бұрын

Thank you so much!

@Barryvillecat 6 ай бұрын

In one of your videos, I think you said you were reluctant to purchase something that was built before 1981 (新耐震前), but this one is much older. So, I am assuming that the favorable location of this property overrides the earthquake concern. Is that right?

@WilburHunt 4 ай бұрын

Very interested in obtaining properties. My wife and I lived in the Kamakura area for almost 10 years. We left Japan due to business (Gov't orders) and moved to Guam. We will return to Japan in August 2024. Hope to stay there and buy properties to rent to the Navy base close by or to the local population. Looking forward to returning. My children go to Japanese schools, which my wife an I prefer. My wife is Thai and I'm American and will be working on the Yokosuka base.

@TropicTrdr 5 ай бұрын

The house is a classic; it ushered in the 1964 Olympics and Japan's reemergence into the world of developed nations.

@boneandjointindonesia 6 ай бұрын

Cool! Congrats.

@Htlol1 6 ай бұрын

Hi Shu, what’s your view on taking on mortgages in order to lever rental returns? And also on getting liquidity for new Akiya’s via bank refinancing?

@monicadob6152 5 ай бұрын

I like your videos. Always wonder where you learn so good English? I will never speak as good as you. I am in US almost 50 years. Good luck with your renovation!🎉

@rhymeister 2 ай бұрын

Shu went to uni in the U.S. I think he said Pepperdine in one of his videos. Probably lived overseas when he was a kid also.

@trailrunningexperience496 6 ай бұрын

Loved the comments from your wee running buddy. Makes a lot more sense than the clowns I run with. Nice place!

@sarahellsberry6179 Ай бұрын

Fixer house its good. My brother in -law Mikio he bought a house there in Japan and he hired somebody to fix it, he sold it afterwards. During that time my mother was with them from Caloocan Metro Manila, he gives money litle bit to my mother for what he earn from the house. My sister needs a help she got c section for the second child thats why my morher was with them and my mother said they did alot of walking with sister and her kids. It was back in the 90's.

@soggymoggytravels 6 ай бұрын

Its very spacious!

@yongxing1848 3 ай бұрын

An you get residency when you buy the house in Japan. So that you can stay there long term.

@RONIN1111 6 ай бұрын

Shu! do you have other sources of income?! how do you purchase these homes?

@shumatsuopost 6 ай бұрын

Yes, I have several sources. I like to work so I can buy more real estate :)

@DroKen 6 ай бұрын

Which area is the one at 4:48 ? I'll move in 3 monthd to tokyo with my wife and this are looks like the perfect one for us ❤

@Jeresean 2 ай бұрын

Hi Shu how do i (From Singapore) reach out for advice in terms of finding already renovated properties in say Yokohama

@shumatsuopost 2 ай бұрын

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

@Kevin-zz9nc 6 ай бұрын

1.00 Now who says guys can't multitask!!!

@beefsupreme-oi7gw 6 ай бұрын

another great video

@shumatsuopost 6 ай бұрын

Glad you enjoyed it!

@Vyes 6 ай бұрын

Please make a video on what "non rebuildable" means, like what you can and can't do legally. Can you renovate it if you keep the structural beams? What if one of the beams is water or termite damaged? What can and cant be replaced? What can you do with the property if the structure falls during an earthquake? thanks for reading.

@jcmontecarlo6123 6 ай бұрын

Not tearing it away and build something new

@dennismcquoid9751 6 ай бұрын

Do you ever consider adding a second bathroom with a shower for a family?

@consulatantAi 6 ай бұрын

looks like a 10 % return on this Akiya :) After rennovation and purchase price plus admin costs = 12 million yen total costs / 1.2M annual rent - management fees, rates taxes etc = 8% return Exit strategy looks to be limited due to no Access to property and no rebuilding allowed, so may only get the 12M back in a future resale GL Remember Akiyas are cheap for a reason

@jcmontecarlo6123 6 ай бұрын

Arriving almost at the Korean DMZ : only 200 m away from the house 😂

@tpatrickl9539 6 ай бұрын

What!? Fourconvenience stores? In Japan? Joking, ha ha. I had so many convenient stores in my neighborhood. They kept on adding them. I think they added three of them within a kilometer in the eight years I lived in that apartment

@jwang9988 6 ай бұрын

Wow. Definitely the ugliest in the neighborhood. Really excited to see what the home looks like after renovation? 🤩

@shumatsuopost 6 ай бұрын

You and me both!

@kamanama3671 6 ай бұрын

Is it a concern that the owner stopped construction halfway? Wouldn’t there be a reason they did that?

@shumatsuopost 6 ай бұрын

The previous owner had a full-time job, tried to DIY the whole renovation himself, and apparently realized that it was too much for them. So they decided to sell.

@Snoopy55PaPa 6 ай бұрын

競売は、狙わない方針でしょうか？

@rhymeister 2 ай бұрын

Should be able to get ¥100,000 for rent if not more, maybe ¥120,000~130,000 I would think.

@kamanama3671 6 ай бұрын

so just for the $38,000 cost alone and with rent being $635 without any renovation cost and labor cost figured and whatsoever you would get paid back and breakeven within 60 years. in Japan if all this house does is depreciate further then how do you justify any of these costs?

@JapaneseJourney 6 ай бұрын

That's monthly rent, not yearly

@mukeshvig174 6 ай бұрын

Just like the trains in your country, you were right on dot at 8am 😃 I see an "ugliest house on the block" as a win win $ituation. Good Luck 👍👍

@sherlockhomes9919 6 ай бұрын

Home invasion in rural homes in Japan is in the news. Burglary by vietnamese immigrants different prefectures. They tied up the elderly home owners. Problem is few neighbors in rural areas and no police presence.