Living It Up in 2008 - Apartments in Funabashi, bought for ¥173 million with a return of 9%

Some guidance for real estate investment.

We were also involved in the sale of the apartment block pictured above in Funabashi. This was priced at ¥173 million and the expected rate of return was 9%. The propery had 3 out of 15 rooms vacant but our lease manager arranged tenants so it is now fully occupied. Again, the client financed the purchase 95% via a bank loan.

The important thing to remember when purchasing real easte is to take the time to consider the investment and get good advice. That said, in a capitalist economy, using money to make money is one of the luxuries we can enjoy.

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