Foreigner's Guide: How This U.S. Navyman Bought a House in Japan

This is a foreigner's guide to buying a house in Japan.
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FREE GUIDE: How to Buy an Akiya as a Foreigner: www.postfi.co/...
Have you ever wondered what it takes to actually buy a house in Japan as a foreigner?
If so, this video is for you.
Jason, a US Navyman, recently purchased a beautiful house in Japan.
And he's going to share how he did it and what kind of a house he bought in the heart of Kanagawa Prefecture.
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#japan #realestateinvesting #financialfreedom #passiveincome #akiya #abandonedhouses #homebuyingtips #cheaphouses #housingmarket #japanhousingmarket #buyingahome #japanvlog
Disclaimer: I am not a financial advisor. This video and the ideas presented in it are for entertainment purposes only and should not be construed as financial or legal advice. Please also note that the past performance indicated in the video does not guarantee future results.
00:00 Hook
00:18 Intro
00:46 The Property
01:40 Walkthrough
04:42 Interview w/ Jason
05:59 Self Introduction
07:28 Why Jason Bought a House in Japan
12:18 Real Estate Purchase Process in Japan as a Non Resident
15:09 How Jason Opened a Bank Account in Japan
20:12 Jason's Criteria For His Dream House
23:19 The Numbers
23:34 What was the Asking Price?
24:45 What was the Purchase Price?
29:37 Monthly Expenses
34:10 Jason's Advice
36:08 Outro

[@shumatsuopost]

Japanese Yen is 34-year low against USD - is this a GOOD or BAD time to buy real estate in Japan? [SPECIAL PRICING UNTIL 4/15] Japan REI Boot Camp 2.0: www.postfi.co/offers/6PZqhrjW/checkout

[@Cordycep1]

chart show it get to 177 yen

[@r3kt_duuud]

​@@Cordycep1 no

[@shumatsuopost]

@@Cordycep1 really - which chart?

[@LiveWriteConnect]

It is an excellent time to buy. Yen at 154 today 4.15.2024 which will enable some who were priced out to buy in.

[@thegormlesstwit849]

@@Cordycep1 OMFG, I will sell my BTC and buy a house there.

[@DiscoveringJapan1]

As a SOFA member in Kanagawa myself, I took your advice and setup an account at Bank of Yokohama. It was very easy! Now to find the perfect house!

[@inquisitvem6723]

Is this a path to long term visa stay?

[@DiscoveringJapan1]

@@inquisitvem6723 this is not a path to a visa. That's separate matter that we'll have to be worked out.

[@inquisitvem6723]

@@DiscoveringJapan1 thanks. I guess having a bank account is an easier way to transfer money when the time comes to buy property. Still securing a visa is the first priority. I do wonder if getting money out of my brokerage account like Fidelity or Schwab would work as well instead of a Japanese bank account.

[@chooihoonlim4691]

Beautiful house. Been in Japan 4 x. Never get enough of it. I❤️Japan😘

[@shumatsuopost]

It really is!

[@n1k1george]

Perfect timing: I'll be house hunting in later this year in Japan There's so much great material covered in this video! As I am not a permanent resident myself (though that could change), I will be dealing with many similar issues in the meanwhile. Your videos are a such a great resource - keep it up!

[@shumatsuopost]

Appreciate your kind words! Good luck with your house hunting journey in Japan.

[@giomusah2155]

@@shumatsuopost Interested. As an American, if you buy property is there a way to get a resident visa? IF your a multimillionaire does that help with the visa?

[@mtwhatley3253]

Excellent interview…..it really gives a lot of clues to “how to”. I hope you will make interviews a regular part of your channel.

[@shumatsuopost]

Glad you think so! This interview video won't be the last!

[@RussianPinoy]

Very cool, super humble video without hype. Thank you 🙏 😊 makes this information more trustworthy!

[@shumatsuopost]

Glad it was helpful!

[@r3kt_duuud]

The $ broke the 151 $/¥ resistence level and it reached 154 $/¥ already, the higher cpi data caused the chances of the fed cutting rates in june more unlikable, pushing dollar higher. It's becoming cheaper day by day coming to japan!

[@shumatsuopost]

How long do you think this will last?

[@r3kt_duuud]

@@shumatsuopost it's hard to tell, considering that now BoJ increased rates to 0.1% it's still low compared to US rates at 5.5%, and because Japan has a debt to GDP of 255% it's would be too expensive to increase rates too much. I can't tell how much it will last, probably until something big happen in the economy.... maybe until i can come visit japan for cheap🤣

[@MixedShinigami]

Love the content and very helpful as an American looking to move to Japan next year to start a different business. These investment property videos are great for other things to do aside from the restaurant I'm looking to open. Great content fam, keep it up

[@shumatsuopost]

Appreciate your kind words!

[@Big-Wonka]

The yen is creeping right to 155 now and I honestly wouldn't be surprised if it blows to 160-170.

[@AB-py6jl]

Stunning.

[@inquisitvem6723]

160 now…even better for Americans

[@Big-Wonka]

@@inquisitvem6723 It's not 160. Last week it dropped to almost 150 and is 153 now.

[@AB-py6jl]

@@Big-Wonka this year is the year, gentlemen. I want my chance to live like a weeb king in Japan before it's too late

[@Big-Wonka]

@@AB-py6jl Just get yen from your bank while it's weak. So even if it goes up by the time you visit then you still got it at the better exchange rate

[@sherlockhomes9919]

The visa discussion at the end. That's a serious issue for foreigners.

[@Mwoods2272]

Exactly, what if he gets denied a visa, he has to move back to the US and reapply a year later.

[@inquisitvem6723]

I’m planning to buy also. I’m thinking even with no long term or resident visa, you can still say for 6 months out of the year, then lease it out. I’m thinking a vacation home.

[@Matto-Chan]

Nice house Jason, they did a great job on the renovation!

[@shumatsuopost]

I think so too!

[@thegormlesstwit849]

I can't believe it is 30 years old, looks great, I want one.

[@gregh7457]

Hey he got a better discount than me. I only got 480,000 y discount and mine wasn't remodeled. I will try that tip with the a/c's thanks for that. btw.. I tried using a wire from my broker was going to charge me a 2 yen premium. That adds up on $100k+ so i used wise and transferred to my japan bank

[@Big-Wonka]

How much did it cost to do it that way?

[@dlan6804]

I’m from Rhode Island!!!

[@shumatsuopost]

Cool!

[@ATable4You]

Wow, i just asked about a video like this on one of your shorts. Lmao

[@shumatsuopost]

You get what you ask for ;)

[@smthcrmnal26]

Excellent content.

[@shumatsuopost]

Glad you liked it!

[@akosirolandr]

Sugoi! There is so much great info in this video. Arigato goazaimasu.

[@shumatsuopost]

Glad you think so!

[@yamajules1397]

Nice guy! Nice house. Nice job.

[@shumatsuopost]

Thanks for watching!

[@jdskates.69]

Interview me on renting in Kobe lol American Ex Pat. Love the content .

[@evankrhodes]

Thanks for sharing guys.

[@shumatsuopost]

Thanks for watching!

[@allworksnew]

​@@shumatsuopostcould akiya banks do payment plants?

[@DiscoveringJapan1]

Did Jason just get a bank account, or did he also get a loan/mortgage? I'm also SOFA in Japan and want to buy.

[@DiscoveringJapan1]

I'm also SOFA in Japan and Just set up my bank account at Bank of Yokohama. Getting a mortgage however, is near impossible for SOFA members.

[@inggermanydeutschland3808]

It looks much better than your other introduction house #6😅

[@nyanya3]

I work for a U.S. company in the US, but live in Japan and commute. I have PR. My Japanese friend who works for the same company had difficulty obtaining a loan to purchase a property because her income is also in the US. She had to get a family member co-sign. I don’t want to pay cash out right with such a low interest rate, but when my Japanese coworker couldn’t even do it, what can I do? I have several bank accounts in Japan as a permanent legal foreign resident, but income from US. It is such a battle to have my income outside the US count. Currently researching options. Much information in this interview. Looking for similar content.

[@mariapcbuquid6126]

Hello. Love your channel and this episode. If one is not a resident and just want to purchase a small vacation home to live for a couple to few months every year. Would that be possible to happened? I have a Japanese citizen Aunt thru marriage would that be advantageous to use her as sponsor to get a bank account?

[@claytonmatt4334]

I’m seriously considering buying there, one concern I have is when I renovate an old house there, do I then need to bring everything up to current code? I’ve heard that could be a major issue.

[@gregh7457]

current building code? no, but if its a safety issue i'de say yes for personal safety reasons. You don't even need building permits to make changes to the inside of the house. Houses here are considered a disposable item and the govt doesn't care. If you're making changes to gas pipes or electricity you need a licensed contractor, otherwise your fire insurance won't cover.

[@thereviewboss]

From what i understand. Electric stuff needs to be done by a pro. Actually changing the room layouts can affect insurance if design not accepted by city hall. I think insurance can be a big deal

[@DidiGaga-hm4du]

i wonder if one should buy via a limited company if the intention was to grow to 2-3 properties

[@Doxxpara]

That’s my question too. Would need to set up a Japanese LLC or use my California based one?

[@RetiredOfficerandGent]

There are 4 Navy Federal Credit Union branches on the 4 bases close to Tokyo. Why didn’t Jason use these CU’s to transfer funds from his savings to the seller instead of going through all the trouble of opening an account with Bank of Yokohama?

[@inquisitvem6723]

Someone posted that the Japanese were strict on that and it could take weeks for that to be verified and go through as opposed to having funds in a local Japanese bank.

[@SAFETYHOOD]

Never see any ceiling fans in any of the properties you have shown - is there a reason for that ? Low Ceilings ? Cool breezes always ? Why ?

[@inquisitvem6723]

Should’ve asked him how the insulation is?

[@impyr3x293]

in which area did he buy this house? and how du u aquiere permanent visa for japan as a foreigner?

[@doreenkoh8278]

Shu Matsuo san, I am interested in learning to buy a Akiya for investment . Could you help and advice me of what and how to do it, I live in Yokohama. I am a foreigner but live in Japan for a long time.

[@shumatsuopost]

Absolutely. Could you fill out one of these forms to get started? Akiya Income Generator (for rental properties): forms.gle/7ySUCdpiLVy9mHoy9 Japan Akiya Assist (for vacation homes): forms.gle/1A7FHHJxqHfuuUjh7

[@michaelmorgan1216]

Can a us military member stationed in Japan Get a Home Loan?

[@ZacharyTeunis]

Video is great but would be alot more helpful if he wasn't a cash buyer, I'm moving to japan soon and work for an American company and id like to learn how / if I could find financing for a home.

[@arzelaascoli6765]

I think the problem for me is that buying property doesn't give you permanent residency. Is there a direct track to owning property in Japan to some kind of visa? I'm ready to FIRE in Japan, love everything here, and I'm learning the language on a student visa, but it looks like I'll have to go back to work or own a business to stay here longer than two years.

[@blackseed68]

If you do have to leave, how long does it take before you can come back?

[@BornToTroll-it5ju]

lol, if they let everyone in who bought a shed this place would be renamed New Shanghai by summer. get a girl, put a ring on it, it's that or bye bye for most

[@BornToTroll-it5ju]

@@blackseed68 you can come back immediately. you do what we all call 'visa runs' - you just have to pop out of the country for a day and come back, then you get restamped. it has a limit though, most get refused after about the 3rd time.

[@DestinationJapan95]

@@BornToTroll-it5juno, you can’t do that. Japanese immigration is cracking down on it. They have been for like 2 years now

[@gregh7457]

@@DestinationJapan95 there are those that have done 2 90 day tourist visas with no problem. i've done it myself no questions asked. just have a return ticket ready to show them that you're leaving when your time is up

[@inggermanydeutschland3808]

20:30

[@inquisitvem6723]

If his wife is Japanese, wouldn’t he be qualified as a permanent resident already

[@naoh619]

Hello Shu I'm interested in buying a Akiya house in Kyoto. I'm looking for something 10million yen or less with the goal to make it as second home and renting it out when im not there. Will you be able to help me with this?

[@CosmicStarDust23]

Search for a real estate agent

[@shumatsuopost]

Could you fill out this form to see if we are a good fit for you? forugxcb8r8.typeform.com/to/yHUZyr2J

[@naoh619]

@@shumatsuopost I was filling it out until i saw the consultation fee starting at $8,000. Seems a little high but let me check out what other consultants are also charging and I see if it worthiest to move forward or not.

[@shumatsuopost]

@@naoh619 Yes, we charge more than most - because we know the value we can deliver :)

[@deezplace]

you filmed in portrait ?? 😏

[@johnpiroz7075]

If you make US salary in Japan than maybe Japan is cheaper to live than us, but if you work in japanese company than Japan is not cheap any more .

[@kmo20794]

40$ each to eat out in San Diego? He must have been going out to fancy places

[@hockeyguy91015]

Love the content but have to say this guy is smoking glue sticks saying gas was at $7/gallon in San Diego. Were you getting gas by the airport everyday bruh??

[@nin1ten1do]

there lietary 0 japan architecture.. in it.. i hate it,,

[@avanjob205]

wow, that is a great house.

[@shumatsuopost]

It really is!