“THE LAW OF NUMBERS” – JAPANESE REI FINANCIAL & LEGAL ASPECTS ZIV MAGEN
? The number of times a real-estate agency’s license has been successfully renewed is readily
accessible, online-brows-able, public information. Complaints and allegations cause these renewals to
cease, at least temporarily – and they’re mandatory every several years. What a handy tool to pick your
professionals with! Of course, one shouldn’t rule out young, innovative and creative companies and
solutions if they haven’t had a chance to renew their license yet – but should definitely look into their
credentials more closely.
? Purchase costs and depreciations can be applied, to various degrees, to every property owned - if tax
becomes significant and an accountant’s services are required, there are at least 2-3 years of potential
tax cut claims to be made in every property purchase. Once those years are done, depending on market
conditions and levels of resuming taxation – it may be feasible to “recycle” properties and commence
the claim cycle on new purchases.
? Feeling more confident about ourselves and our well-chosen team pillars, we thanked them dearly, bade
them farewell (temporarily only), and went forth to find the rest of our team members, and also – drum roll –
our very first deal!
Stay tuned. ?
Ziv Magen
Ziv Magen is an Australian, and has been deeply immersed in Japan's culture and business
environment for the past decade. In 2003, he forsake his career as in IT corporate project
manager, wishing to spend more time with his family and secure their financial future. Having
made the transition to real-estate investment and successfully building his own portfolio, he
subsequently established Nippon Tradings International (NTI) together with his Japanese
partner, assisting others in capitalizing on Japan's vast and lucrative property market.