Hello,
Question for the pro’s please. I have been in the “resi” side of real estate for the last 9 years here in the San Francisco Bay Area but worked in Tokyo, Japan for the last half year. During that time, I established relationships with many realtors, lenders, banks, etc and am confident I can find good deals out there in the Land of the Rising Sun. Japan’s economy has been in a deflationary environment ever since their crash in the late 80’s/early 90’s but has picked in recent years. There are some properties (I’ve been told) where the land itself is selling for less than the purchase price.
Can any pro’s recommend how I can find people who would be specifically interested in that market? And what type of returns would make sense for them? I’m a newbie when it comes to being an investor so I would appreciate any feedback/advice.
I can tell you that there was a lot of interest from buyers from the U.K., Australia, Hong Kong and Germany.
Thanks!
Cyrus