A man from Osaka, Japan, has gained attention for generating 140 million yen (₹7.4 crore) annually in rental income by purchasing 200 run-down houses.
Fascinated by houses since childhood, Hayato Kawamura, 38, developed an early interest in real estate. As a student, he frequently visited properties. After working at a property rental company, he decided to save money and pursue his dream of becoming a landlord.
At 23, he purchased his first property, an auctioned flat, for 1.7 million yen (₹9.37 lakh). Renting it out for six years, he sold it for 4.3 million yen (₹22.8 lakh). Kawamura then focused on neglected properties in remote areas, many priced under 1 million yen (₹5.3 lakh), investing minimally in renovations.
In 2018, he left his job to start Merryhome, his real estate firm. By combining savings, loans, and rental profits, he built a portfolio of 200 properties in Japan.
Kawamura explained his journey: “I never expected to get rich overnight. Real estate investment is a long-term game that requires patience and careful attention.”
His wealth-building story has drawn praise on social media. One online observer remarked, “Although he is young, his solid investments show he is likely to achieve great results in the future. He is so amazing!” Another noted that his success was “hard to replicate” and urged caution: “Unique investment insight, precise financial control, strong connections, and the right luck are all essential.”
(With inputs from South China Morning Post)