Peeking into the financial statements reinforces the wisdom of renting in a high-priced area like central Tokyo (would apply just as well to SF, NYC, etc I'd think) - they are only making 4-5% net on their building!

Even within "Tokyo" there is a difference between Tokyo "proper" and the expanded definition of Tokyo. 

Foreign investors choose properties in Japan, outside of Tokyo, for cash flow and affordability particularly during uncertain times in other markets.

The way I see it, there are at least 4 of us here in Japan and perhaps we could benefit from forming a mutually supportive group since to my knowledge there is no REIA around for us to join.I don't know if the messages disappeared before you could see I will be in Tokyo in a couple of weeks for a conference and perhaps we can meet then.Thanks again for the lead,Pyrrha

We are still cheaper than other big cities like New York, San Francisco, Tokyo, and London.3.

Jeff,If you can make it to Tokyo on a weekday night, we have a monthly meetup in Roppongi going.

@Bertram Martin - Also in Japan (Tokyo though but we are close) and would be happy to sit and review numbers with you if you want.

Most of all, I wonder is PDX BECOMING THE TOKYO OF OLD?

An American originally from Boston but currently living in Tokyo, I have since purchased 2 other fully leveraged buildings in the greater Tokyo area (a couple of 8 unit) and most recently a 6 unit in Bakersfield California.Before my first purchase I had absolutely no experience in or knowledge of real estate, and each deal I do I feel like there's more I don't know than I do, however the amount I've learned just by the experiences I've had since I began has been incredible.

Hello Gentlemen,Good morning from Tokyo, Japan!