Looking for help/contacts to purchase an investment airbnb style home in Osaka. We have some down payment and decent income. Would probably need a little loan, like US $100k, depending on cost. My Japanese language skills are at a kindergarten level so I’d like to connect with a realtors, loan officers, and others that speaks English, understands foreign home purchases, and a permit service to get the airbnb or mini hotel permits. If any knows a good website or firm they could refer me to I’d appreciate it!
https://www.reddit.com/r/japan/comments/17mlgfr/as_an_american_what_are_the_steps_to_buying_an/
15 comments
Following. Also want to do this.
You don’t live in Japan? Give up, not feasible
Nobody will give you a loan, permits are going to be virtually impossible to get, etc.
If I misunderstand and you live here, might be possible, but it’s definitely not easy. And you can’t get a residential loan, so intest rates will be high.
How much can you pay upfront in yen? Lot’s of cheap houses you can buy in Osaka right now. You need to be able to understand Japanese though.
I think it’s very difficult if not impossible to get approved for any loan here if you don’t live here permanently. Usually people have to buy houses outright.
No Japanese bank will lend a foreigner without a local income and residency any amount of money. If you’re buying, it’s cash only. The taxes, the legal environment and more are complex. You’ll need a lawyer and real estate agent to help you.
Why Osaka? If it is for a personal reason, that is fine. But personal reasons don’t usually lead to sound investments.
There is a lot of competition in the form of dirt cheap hotels in the city. And most people stay in Osaka because they cannot find a cheap room in another area, where they would rather be staying at. Why not invest in someplace with a shortage of affordable rooms?
don’t buy homes for investments dirtbag
I would just like to say I’m thankful that what this person is trying to do is impossible.
Last thing this country need is more “investment properties” taking up real estate and raising prices in general.
The absolute golden rule for buying a house in Japan is that houses are cheap to buy if you plan on living in them. It does not make sense to buy an investment property in Japan unless it is one of a few exceptions such as central Tokyo or some select mansions.
The laws regarding Airbnb are very strict and different to other countries. The general consensus seems to be that it’s not worth it. Unless you want to go all out and have something that is classified as a hotel.
With the insanely cheap houses in Japan, you would think that foreign investment firms would instantly buy up everything. But they did their research and in most cases, it is not worth it.
Have you done the sanity check and basic calculations?
How about don’t? Why fuck up the housing market for people who actually live in Kansai? Why make the world that tiny little bit worse? I don’t get it.
I had to leave my home country due to parasites like you fucking up the property market. Don’t try to bring it here.
Isn’t this covered in the annual Gathering of the Skeksis? I heard y’all hold a workshop on buying investment housing right between the Trial by Stone and the Great Banquet.
Nah is not worthed unless you wanna hold for 10+ years plus buy abandoned houses in strategic locations plus renovate it yourself
Find a real Job Lil nigga
The downvotes show you how welcome what your doing is, why try to come in and take advantage of a country that you have no connection to? Not to mention its a horribly stupid idea to do an investment like that in an area you know nothing about. You may think that Osaka is a big city so anywhere is fine but Japan, you can walk 1km from a crazy busy station and be in a dying area. Not to mention that houses depreciate here. And rent is cheap so its actually really hard to actually make money doing what you are doing.
Also do you know about renters protection laws here? You know you basically won’t be able to raise the rent. In order to raise the rent you need the tenant to agree with you that you can raise the rent, and you won’t be able to just kick them out of you don’t like them.
ISo you can buy a house, charge cheap rent to where you might make your mortgage payment back, might not be able to raise the rent for 20 years if your tenant decides to stay, not be able to kick them out, have to deal with getting everything fixed, and at the end of the day the house will be worthless.
Oh and you said home, are you expecting to buy an actual house here? If you can afford to buy an actual house where people will want to rent then you have enough to pay an actual consultant instead of asking people here on Reddit.
TLDR: Don’t. No one wants you to come here and take advantage of a country you don’t care about and your lack of knowledge will lose you all your money anyways.