In an inspiring tale of vision and perseverance, 38-year-old Hayato Kawamura from Osaka, Japan, has turned 200 neglected houses into a lucrative rental business, amassing an annual income exceeding 140 million yen (approximately ₹8.2 crore).
A Passion Ignited Early
Kawamura’s fascination with architecture began in his youth, as he admired the diverse homes in his city from a mountaintop vantage point. This early interest blossomed into a passion for real estate during his student years, leading him to explore properties even when ownership seemed out of reach.
Breaking Away from the Conventional Path
Disillusioned by corporate dynamics after witnessing a superior’s demotion over internal conflicts, Kawamura sought financial independence. He observed that promotions often hinged more on favoritism than merit and felt that his compensation didn’t align with his efforts. Determined to chart his own course, he began saving diligently with the aim of becoming a landlord.
The First Investment
At 23, Kawamura made his inaugural real estate investment by purchasing a flat at an auction for 1.7 million yen (₹10.1 lakh). This property yielded an annual rent of 340,000 yen (₹2 lakh), and he later sold it six years on for 4.3 million yen (₹25.6 lakh), marking his entry into the world of property investment.
Capitalizing on Neglected Properties
Recognizing potential in dilapidated homes priced below 1 million yen (₹6 lakh), Kawamura began acquiring such properties. By minimizing renovation costs and focusing on profitability, he swiftly transformed these houses into rentable assets. His portfolio even includes unconventional properties, such as those with structural issues or those previously inhabited by stray animals.
Building Strategic Alliances
Kawamura’s success is also attributed to his strong relationships with real estate agents, granting him early access to valuable property information. In 2018, he took a significant step by leaving his corporate job to establish his own real estate firm, Merryhome, further solidifying his presence in the market.
A Testament to Patience and Diligence
Reflecting on his journey, Kawamura emphasizes the importance of a long-term perspective in real estate investment. “I never expected to get rich overnight. Real estate investment is a long-term game that requires patience and careful attention,” he shares.
Inspiring a New Generation
Kawamura’s story has resonated with many, highlighting the power of innovative thinking and determination. His approach serves as a blueprint for aspiring investors, demonstrating that with the right strategy and perseverance, it’s possible to turn overlooked opportunities into substantial success.
