All Forum Posts by: Yuji Miyamoto
Yuji Miyamoto has started 2 posts and replied 16 times.
Post: First ever property purchase while working full-time in Japan
- Torrance, CA
- Posts 16
- Votes 2
Originally posted by @Jenn Brenton:
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $123,700
Cash invested: $25,600
Single-family buy & hold turnkey purchased while stationed overseas in Japan
What made you interested in investing in this type of deal?
Turnkey allowed me to invest with less cash to start out with (no startup reno budget) and the least amount of time involvement on my end to get the first deal under my belt. Both were key factors necessary for me to pull the trigger given the 15-hour time difference and working full-time.
How did you finance this deal?
Conventional
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Agent / PM brought the deal to me already reno'd and rented
Congrats, Jenn! I'm purchasing my first one too! Let's gooooo!!
Post: Newbie needs help with potential Japanese AirBNB properties
- Torrance, CA
- Posts 16
- Votes 2
Didn't know much about my home country but sounds very interesting!
Post: All About Contractors | Vetting, Qualifying, Hiring and Managing
- Torrance, CA
- Posts 16
- Votes 2
I wish I could attend the meetup! I will see if I can see the live on FB! Thanks for the post!!
Post: Hi, from a British citizen based in Japan
- Torrance, CA
- Posts 16
- Votes 2
Hi Bruce! Thanks for the heads-up! I will definitely join a meetup in Tokyo if my trip coincides with the event! I will PM you now and in case I don't make it to the event, I would love to meet up with you in person! I'm admiring your portfolio and hope to learn anything possible from you!!
Post: Hi, from a British citizen based in Japan
- Torrance, CA
- Posts 16
- Votes 2
Originally posted by @Daniel Mills:
Hi @Yuji Miyamoto,
Actually, I'm going to be in LA in August. We should definitely get together.
Daniel
Daniel,
Thanks for your reply! It will be a pleasure to see you when you come over here! I will PM you with my personal info!
Yuji
Post: Hi, from a British citizen based in Japan
- Torrance, CA
- Posts 16
- Votes 2
Hi James! Welcome aboard! Glad to see some folks working on REI in Japan! I am originally from Tokyo and came to CA for work last year. I wish I knew or learned anything about investing or FI earlier!!
I am also new to REI though I have been active learning it over an year and hope to start buying some rentals this year!!
I will be back in Tokyo for renewing my visa which I have stolen here... Let's keep us pushing! Looking to connect with you guys @Daniel Mills in Japan while I am back there in probably November!!
Post: Hello from Long Beach, California!
- Torrance, CA
- Posts 16
- Votes 2
Wow, what a coincidence! I live in Southbay and had a workshop on assisted living which I could not go to.... and I am looking into the area too! What's the motive behind jumping in that particular area of REI? Seems like it is a completely different field than SFR.
Post: Out Of State Investor MeetUp
- Torrance, CA
- Posts 16
- Votes 2
I wish I could attend the event but I have something with my job that evening so can't make it!!
Hope you will continue to run meetups like this!!
See you next time maybe!!
Post: BRRRR 1% rule for purchase price? or ARV?
- Torrance, CA
- Posts 16
- Votes 2
Originally posted by @CJ M.:
@Yuji Miyamoto
As you mentioned, all of the numbers you read about, 1% rule, 50% rule, minimum cash flow dollars, etc., etc. are more so guidlines. You need to look at the deal holistically. Just because rent is 1% doesn't mean it's a good deal and will cash flow. With the BRRRR's I've done, I looked at Cash on Cash return and trying to get as much of my investment back through the refi. So for example, after running the numbers, if the property cash flowed $200+ and I had most, if not all of my money back, I didn't even pay attention to the 1% rule. As Grant Cardone says, "if it doesn't cash flow say no."
Everyone's strategy is different, I'm just sharing mine.
Thank you CJ for sharing your insight!
Yeah the whole idea of BRRRR is to get your capital back after the refi! Since I can't allow myself to have a monthly negative cash flow after the refi, I seeked some insight from you guys! And also it will help me narrow down my search if you have your criteria in place. I can avoid those areas where median rent barely makes 1% of your purchase price which will not likely to cash flow after the refi for me so.
Again, thanks for sharing!!
Post: BRRRR 1% rule for purchase price? or ARV?
- Torrance, CA
- Posts 16
- Votes 2
Originally posted by @Account Closed:
I use Purchase + Rehab + Holding. So if purchase is $50k and rehab & holding is $25k then I'd look for rents to be around $750+
Thank you Charlie! When I run a number, it seems like a rent that is 1% of the original purchase price won't bring much cash flow so I should be looking for something more like you stated!!