All Forum Posts by: Daniel Mills

I'm so jealous guys. I wish I lived in Kanto. It's so lonely down here in Kansai. I'm going to have to start a meetup.

@PritiDonnelly - It's especially rare in Japan, since houses usually lose their full value within 20 years (land is the only thing that retains value). Condos do a bit better, but usually lose some value each year. I think the magic formula here in Japan is to find something close to a major station that is about 15 years old. Most of the value that will go, has gone at that point. But, it's a very strange market compared to the US an Canada. 

If you are interested in investing in Japan I would suggest - http://nippontradings.com/

Hi Bill,

Sorry for the late reply. Right now, all of my investments are in the US. I own 5 SFH in Idaho and Tennessee. But, I do plan on investing here in the future and would just love to meet people close by - even in Tokyo - who are into the same thing.

The only property I own in Japan is my primary residence - I have a loan through Shinsei bank. It's a 3LDK condo right next to Kusatsu Station in Shiga. Amazingly, it's gone up about ¥3,000,000 since I bought it 4 years ago. Pretty rare in Japan. 

Daniel

Thanks Daria. How do you tag someone in a post? I can never figure it out.

Hi guys,

I recently met an American on Bigger Pockets who is a real estate investor living in Tokyo. I was wondering if there were any other Japan-based investors out there, especially in Kansai.

最近日本に住んで働いてるアメリカ人とBiggerPocketsで会いました。他にも日本に住んでながら国内、海外で不動産投資をしている人はいますか（特に関西エリアで）。

Daniel

I was listening to the podcast today and Brandon mentioned that he bought a four-plex for his daughter when she was born on a 15-year mortgage. the idea is by the time she graduates high school she will have a property free and clear and can use the equity to keep investing or pay for college. Yet, he said it was his house and he was going to pull out his money through a cash-out refi. I was wondering how to set this up. Is his daughter on the title. If not, How can she access the money when it is paid off. If only Brandon is on the title, he would have to pay a gift tax to give her the house, right? I want to do this when I have a kid but I was hoping someone could explain the particulars of how to do it.

Hi Guys, 

I currently own 5 rental properties and a personal residence - all have mortgages on them. One of my rental properties has increased in value by about $50-60K in the last couple of years. I wanted to do a cash out refinances, so I went to the mortgage broker where I got the original loan. He said that I can't do a cash-out refi because I own 6 mortgaged properties. He didn't mention anything about debt to income ratio, just the number of properties. I'm constantly hearing about guys on here who have 50 doors and they are pulling cash out. What am I missing? Any ideas on how to make this happen?

Hi Graham, thanks for your response. I think my concern here is really one of taxes. By seasoning the money in my account I can avoid the issue with the lender because they only ask for two months prior statements, but I still have to explain this money to the IRS. How do I report it? I can't say it's a gift or payment for something. Any ideas? Thanks.