Get rich quick starting with buying a house with zero down payment

The banks approved the loans for 120 apartments in Shanghai one after another, and the loans were disbursed quickly.

The payments were gradually deposited into Lei Guoliang's bank account, totaling 26,304,000 yuan, not a penny less.

Su Wanqing's rental business is also going smoothly. At the current normal pace, all 120 apartments will be rented out within two months at most.

After lending money to all the properties and receiving the repayments, Lei Guoliang came to Beijing, intending to replicate his success in Shanghai and Shenzhen.

In the early autumn of 2003, the supply of houses in Beijing exceeded demand. Coupled with the impact of the epidemic, banks tightened their lending policies, resulting in a large number of unsold properties in the suburbs of Beijing. Only houses in the true city center, within the third and fourth ring roads, were relatively easy to sell.

Lei Guoliang walked into the sales office of Ruijing New City on the North Fourth Ring Road. There wasn't the expected crowd; a few salespeople were chatting idly behind the counter.

Like an ordinary white-collar worker, he carefully examined the model, listened to the introduction, and then asked to see the 70-100 square meter apartment layouts.

The salesperson showed him several model apartments. The apartments were nice, fully furnished, but the total price was still quite high for an average family.

Lei Guoliang asked very detailed questions: orientation, floor, usable floor area ratio, property management fees, and finally, "If I buy a lot, what kind of discount can I get?"

The salesperson's eyes lit up: "How many sets do you want to buy?"

"Let's take a look first. If the price is right, I might buy about ten units as an investment," Lei Guoliang said calmly.

The sales team dared not slack off and invited the sales manager. The manager, surnamed Chen, was a middle-aged man around forty years old who looked very capable.

"Manager Chen, I'm interested in the 70-100 square meter units in your Buildings B and C," Lei Guoliang said bluntly. "But I heard that sales in these two buildings haven't been very good?"

Manager Chen smiled wryly and said, "To be honest, the location and quality of our properties are fine, it's just the total price... The market is a bit sluggish right now. The company is in a hurry to collect payments, so we can discuss a discount."

Lei Guoliang wrote a number on a piece of paper and pushed it over: "4500 per square meter. I want all the remaining 70-100 square meter units in Buildings B and C."

Manager Chen's pupils contracted: "4500? Mr. Lei, your price... the average market price is already 8000. Our costs are more than that!"

"Manager Chen, isn't 8000 just the listed price? The actual transaction price should be at least 8% off!"

Lei Guoliang said calmly, "Besides, if I buy so many houses at once, I should definitely pay the wholesale price, right?"

It's like this: you buy a bottle of mineral water for one dollar, but if you buy several cases of mineral water wholesale, each bottle costs less than 5 cents.

"Mr. Lei, buying a house and buying bottled water are not the same thing! If you cut the price in half like this, how are we supposed to survive?" Manager Chen said with a bitter face.

"Your company must be facing a tight cash flow situation, right? Are you in a hurry to recover funds?" Lei Guoliang asked with a smile.

Manager Chen's expression changed. These were inside stories that ordinary customers couldn't possibly know.

"4500, I can immediately help you clear out at least 120 sets of inventory, and get over 4,000 in cash, or 50 million." Lei Guoliang continued to increase his offer.

"Think about it. If not, I'll go check out Century City. I heard they're having a big promotion, they should really welcome a big client like me!"

Manager Chen hurriedly made a phone call. Half an hour later, the developer's boss rushed over. His surname was Zhou, he was in his fifties, and he had very deep eye bags.

"Mr. Lei, 4500 is too low. 5000 is the bottom line," Boss Zhou said as he sat down.

"4700." Lei Guoliang didn't back down. "President Zhou, I'll help you resolve the sales pressure of over a hundred units in one go. This premium is worth the discount. Moreover, my purchasing method is more advantageous to you."

"What purchase method?"

Lei Guoliang took out a pen and wrote three numbers on a piece of paper:

Actual transaction price: 4700 yuan per square meter.

Contract price: 8000 yuan per square meter.

Bank valuation: 8000 yuan per square meter.

"We signed the contract for 8000 yuan per square meter. We'll go through a bank mortgage with zero down payment. The bank will finance 70% of the property based on the appraised value of 8000 yuan per square meter."

The actual transaction price was 4700 yuan per square meter, with a difference of 3300 yuan per square meter. Assuming a house is 100 square meters, that would be 330000 yuan, minus the 30% down payment.

Based on the actual transaction price of 4700 yuan per square meter, 100 square meters would cost a total of 470000 yuan, and a 30% down payment would be 141000 yuan.

"After deducting 141000 yuan from 330000 yuan, you still need to give me a cashback of 189000 yuan," Lei Guoliang explained.

"That means you have to give me a cashback of 1890 yuan per square meter."

他顿了顿又说道：「120套房子，平均按85平米算，你实际收到 4700×85×120≈ 4794万现金，瞬间解决你的资金压力。

我空手拿到120套房，和 1890×85×120≈ 1927万8000元现金，背上了银行的贷款5712万元，但可以用租金慢慢还。

This is a win-win-win situation for you, for me, and for the bank to meet its lending targets.

Boss Zhou stared intently at the numbers on the paper, his fingers tapping rapidly on the table. He was doing the accounting.

He borrowed 8000 from the bank, paid 4700 for the house, and received a cashback of 3300... Lei Guoliang didn't spend a single penny, but took the house and over ten million yuan, nearly twenty million yuan in cash.

Although his unit price was reduced to 4700, he received nearly 50 million in life-saving funds, and his sales volume was still 8000 on paper.

"The bank..." Boss Zhou's voice was dry.

"Go find some banks. Find 20 banks, and I'll only lend to 6 properties at each bank. For any bank, this is just a regular customer's mortgage application, and the total loan amount won't exceed 300 million yuan. The amount isn't very large, and the risk is controllable," Lei Guoliang said.

"You find the appraisal company, you prepare the materials. I just want one result: the loan approved as soon as possible, and the cashback credited to my account on time."

Boss Zhou remained silent for a long time. He knew this was a dangerous situation, but he also knew that without the 50 million, the company might not survive until next month.

"...Fine! 4700 it is! But the cashback must arrive in your account within three days after the bank releases the loan!" Boss Zhou gritted his teeth.

"Sure," Lei Guoliang said. "You can have someone prepare the contract agreement now. After it's signed, you can go to the bank to complete the procedures."

I want to see the first batch of bank interviews within a week.

The contract was quickly prepared. Lei Guoliang carefully checked the terms and figures, signed his name, and pressed his fingerprint on it.

As I left the sales office, it was already dark. The first battle in the capital city had come to an end amidst cold, hard calculations. There was no江湖 (jianghu, a term referring to the world of martial arts and chivalry), no scheming, only a naked game of money.

Lei Guoliang got into the car and said to the driver, "To Zhongguancun."

The houses are sorted out, and the money will be in his hands soon. Now, he needs someone—someone who can manage these 120 houses, rent them out, and turn them into a stable cash flow.

This person must know the capital city, know how to rent a place, and... ideally, be looking for an opportunity where they can make their own decisions.

He recalled that when he passed by Zhongguancun earlier, he saw a woman who looked like the store manager in a "I Love My Home" store. She was frowning at the housing information system on the computer, pressing the calculator incessantly, her eyes revealing resentment and ambition.

Perhaps, it's her.

After arriving in Zhongguancun, he had the car stop near a franchise store of a real estate agency.

Through the glass door, you can see seven or eight workstations in the store, most of which are empty, with only the manager's office at the very back lit up.

A woman in her late twenties or early thirties sat in front of a computer, the screen light reflecting off her slightly tired but clearly defined face.

She wasn't wearing makeup, her hair was simply tied up, and she was wearing a well-fitting dark suit skirt.

She wasn't on the phone or meeting with clients; instead, she was staring at a complex Excel spreadsheet on her computer screen.

His fingers tapped rapidly on the calculator, his brow furrowed. Occasionally he would pause to jot something down in a notebook beside him, his expression focused, even carrying a hint of... fierce resentment.

Lei Guoliang observed for a few minutes. This woman bore a resemblance to the portrait of the head butler he was looking for.

Being a store manager at a reputable chain real estate agency indicates familiarity with the local rental market and management experience.

Working overtime alone at this hour to do the accounting shows a sense of responsibility, and may even be calculating the profit and loss of their own store.

The resentment on her face likely indicates her dissatisfaction with the status quo, whether it's her income, authority, or the constraints imposed by headquarters.

He pushed open the door and went inside. The wind chimes by the door tinkled.

The woman looked up and saw Lei Guoliang. Her professionalism compelled her to stand up immediately, a standard smile quickly appearing on her face: "Hello sir, are you listing your property for sale or looking to buy?"