Forum Replies Created
Sorry, but not everyone who charges in advance is a crook preying on innocent naive investors.
Some of us are not wholesalers and do not flip, shortsale or try to promote properties owned by ourselves, and cannot afford to be left "holding the buck".
We, for instance, are proxies and buyers' agents, and if we don't charge in advance, we're often screwed over – people use our services to find the properties they want, then proceed directly to the seller, regardless of any contract preventing them from doing so, simply because they're overseas and they think wouldn't be worth our while (which is true, but once you collect a few <moderator: delete language>, it becomes very easy and worthwhile to pursue, so don't get any ideas
).Ziv Nakajima-Magen | Nippon Tradings International (NTI)
http://www.nippontradings.com
Email Me | Phone MeZiv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property
Same here, enjoyed this one tremendously (didn't know this place had so much spike & venom hidden in its midst, this is just like big brother, only you get to watch it while you work without feeling guilty…
))Ziv Nakajima-Magen | Nippon Tradings International (NTI)
http://www.nippontradings.com
Email Me | Phone MeZiv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property
The way you keep referring to these properties as "hoods" and "war zones" makes me feel all warm and fuzzy inside with the most "difficult" of our Japanese tenants.
))Just applied for a property that comes with the same tenant, single woman, 37 (my age!) who's been in there since 1992 and has no plan to move anywhere. Came to the big city at 18, got a good job (I guess, although if she can't upgrade from this unit she's not going anywhere there), and never thought to change.
Nice suburb though. In our 'bad' hoods (shift workers, industrial) they don't stick around for longer than 4-6 years usually, unless it's the elderly or government housed – they also stay forever.
Ziv Nakajima-Magen | Nippon Tradings International (NTI)
http://www.nippontradings.com
Email Me | Phone MeZiv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property
"Who sold you this in the first place and how does a 25 year old get into a positon to be where you are… 99% of 25 year olds in the states could never buy a home…. UNLESS they are in the BAY AREA and work for Google and facebook and if so they are looking at 2 million dollar properties"
Priceless
) I'm also curious, how'd you get to this position?Ziv Nakajima-Magen | Nippon Tradings International (NTI)
http://www.nippontradings.com
Email Me | Phone MeZiv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property
You sound like you know alot more about the Philippines than I do – personally, I only know a few who invested there, and they seem generally happy. My personal specialty is Japan, in any case
Ziv Nakajima-Magen | Nippon Tradings International (NTI)
http://www.nippontradings.com
Email Me | Phone MeZiv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property
Oh, they're not overbuying at all no more lol, giving us a very hard run for our money – there's a new breed of investors in Japan now, just as savvy – only last week I lost two beautiful properties, offers submitted and accepted 5 and 10 minutes after emailed to us by a local Japanese investor, on the first occasion because my client had to ask his wife, and on the second occasion because I had to ask my client, for permission to apply out of budget.
They're lightning quick now, and know the good deals from the bad.
Would love to chat, PM me and I'll email you.
Ziv Nakajima-Magen | Nippon Tradings International (NTI)
http://www.nippontradings.com
Email Me | Phone MeZiv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property
JLH, I'll respect these comments as I have no intimate knowledge of the workings of the US system. As a Japanese and Australian land-lord (and renter, on many an occasion
), I stand by this 100% – good property managers (not necessarily the cheap kind) are worth their weight in gold, so to speak. Paradoxically enough, this is because they often put the tenant's interests first – something that we, as owners, easily neglect – and guarantee long-term, hassle free, minimum expense tenancies.Ziv Nakajima-Magen | Nippon Tradings International (NTI)
http://www.nippontradings.com
Email Me | Phone MeZiv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property
I would have to say cashflow only – build on capital gains and you're better off at the casino – world economy is in turmoil, if you haven't noticed, and if anyone thinks the 7-10 year cycles are still valid or are any sort of benchmark to go by as far as capital gains are concerned, I'd say they're hallucinating (or selling properties with little cashflow
)(Alex – love your posts, you know your stuff. If Japan dries up for me, I know where to go for my US properties
)Ziv Nakajima-Magen | Nippon Tradings International (NTI)
http://www.nippontradings.com
Email Me | Phone MeZiv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property
).
))
