Japan man buys 200 decayed houses, generates US$900,000 in annual rent, captures attention
Investor with lifelong fascination for real estate quits stressful regular job to embark on property investment strategy which brings work-life balance
A man in Japan who earned 140 million yen (US$900,000) by renting out 200 run-down houses has attracted widespread online attention for his investment strategy.
Hayato Kawamura, 38, from Osaka on the island of Honshu, has been fascinated by houses since childhood, according to Rakumachi, a Japanese real estate outlet.
He enjoyed watching the city’s diverse houses from a mountaintop observation deck when he was a young boy.
During his student years, Kawamura developed a passion for real estate, even making property visits a regular part of his dates with his girlfriend.
Although he could not afford to buy houses at the time, he spent all his free time learning about real estate.
On graduating, Kawamura worked at a property rental company.
