Get rich quick starting with buying a house with zero down payment
Chapter 44: Lei Zhengchang, the second nephew
Mr. Liu was bewildered by the 5 yuan per unit, but the temptation of buying them all and getting quick returns was too great! This project tied up too much of his capital; he couldn't get a bank loan, and the units weren't selling locally, which was almost bankrupting him.
Besides, you can make a lot of money even if it's only 50,000 yuan a set. We sold more than 100 sets before and made more than 6 million yuan.
Even at 50,000 yuan per unit, these 400-plus apartments would still be worth over 20 million yuan. Adding the shops, with over 200 shops, they could recoup at least 10 million yuan. In total, that's 37-38 million yuan. The total investment for the project wouldn't exceed 20 million yuan, so we can at least make a profit of half.
"Boss Lei... 5... This price is too low. 6 for a set is already very cheap. I'm not even making much profit." Boss Liu was both tempted and doubtful.
"How could it not make money? The total investment for this entire project is only 1200 million, right? Even with other costs, it shouldn't exceed 2000 million." Lei Guoliang's tone was confident: "You just need to answer, sell or not sell?"
The ultimatum. Mr. Liu thought of another project under development. His already precarious cash flow, he gritted his teeth: "Sell! 50,000 it is! Do as Mr. Lei says! But I need the money as soon as possible!"
"It's a pleasure doing business with you, Mr. Liu." Lei Guoliang extended his hand. Another simple and direct way to reap the benefits.
In situations where information, capital, and business models are completely unequal, developers in these small cities have virtually no power to resist.
The developer calculated that there were 413 residential units remaining, but kept 13 for themselves and sold only 400 to Lei Guoliang. The total price was 2000 million yuan.
With a mere 2000 million, Lei Guoliang was too lazy to look for a bank mortgage loan. More importantly, the value of these houses would at least double or triple in the next two or three years, and would grow exponentially in a dozen years.
This is a sure-fire way to make money.
Although we don't need bank mortgage loans now, these houses can still be used as collateral for bank loans if we urgently need money in the future.
Moreover, by then, the property had appreciated significantly, and the loan amount that could be obtained from a bank mortgage would be much higher than it is now.
After finishing his business, he called his older sister back and briefly told her that he had looked at houses in the county town and planned to buy one so that he would have a place to stay when he wanted to come back for the New Year or other times.
The eldest sister was very happy and chatted about family matters, telling him to take care of himself and asking when he would come over for dinner. Lei Guoliang listened, feeling a faint warmth in his heart, but also a sense of estrangement.
He was reborn, and his family ties remained, but he knew he could never go back; his battlefield was in a wider world.
After hanging up the phone, he stood by the hotel window, looking at the familiar yet unfamiliar small town. The chess game of his hometown had quietly begun.
Lei Guoliang did not go to his sister-in-law's house. He was not close to his sister-in-law's family, so there was no need for him to make trouble for himself.
While I'll definitely let him eat at home and won't kick him out, I certainly won't welcome him warmly. I won't buy him any fancy dishes to entertain him, nor will I offer him any good drinks, or even alcohol at all. He'll just eat a couple of bowls of rice.
Although Lei Guoliang didn't care about these things, he could still sense that he was being looked down upon.
So, apart from spending the Lunar New Year at home and having to visit relatives out of courtesy, Lei Guoliang would not visit his sister-in-law's house.
However, Yunzhou city is not very big. Lei Guoliang did not intend to go to his sister-in-law's house, but on his way back to the hotel after leaving the sales office, he ran into his second nephew, Lei Zhengchang.
"Kuniliang!"
"normal!"
"When did you get back?"
"I just got back today."
"You're back without even saying a word! Come over for dinner!" Lei Zhengchang said with a hint of surprise.
Lei Guoliang grew up with two nephews of similar age, sharing a bed and often fighting with each other.
They are uncle and nephew, playmates, and more like brothers.
So we've always called each other by our first names since we were little, and we've never called each other Uncle Lei Guoliang.
I only address Guoliang as Uncle Guoliang on formal occasions or when writing letters.
When Lei Guoliang first went out to work, his second nephew, Lei Zhengchang, wrote him a letter.
After they turned ten, the three of them separated and only had time to be together during winter and summer vacations.
Later, as everyone grew up, the three of them saw each other less and less each year.
After Lei Guoliang went to work in Shenzhen, the chances of them meeting became even fewer.
The relationship seems to have gradually grown distant, but when they suddenly met again, his second nephew, Lei Zhengchang, was still very happy and acted very enthusiastically.
"Are you back this time to celebrate the New Year? You're back so early?" Lei Zhengchang has always been very talkative since he was a child.
"No, your aunt called and told me that you bought an apartment in Jinjiang Bund and asked me to come back and take a look. If possible, I should also buy an apartment so that I'll have a place to stay when I come back for the New Year," Lei Guoliang said.
"Oh, I see! Did you go to the Bund in Jinjiang just now? How was it? Have you decided whether to buy it?" Lei Zhengchang asked.
"Yes! I plan to buy one." Lei Guoliang nodded and said.
He didn't tell his second nephew that he had bought the rest, a total of 400 sets.
"If you're planning to buy it, buy it now. The price might go up in the future. 60,000 yuan a set isn't expensive at all. If I had more money, I'd like to buy another one for my son's wedding." Lei Zhengchang said.
"Your son was just born, right? You're already thinking about buying him a wedding house so early," Lei Zhengchang said with a smile.
"It's only a matter of time. Once we buy the house, we can rent it out and make a few thousand yuan a year. In 10 years, that'll be tens of thousands, which will almost cover the cost of the house," Lei Zhengchang said shrewdly.
"Come on, come on! Let's go home for dinner, and stay at my place tonight."
"No need, I've already booked a room at the hotel," Lei Guoliang said, shaking his head.
"Why did you book a hotel room? It's not like you have nowhere to stay. Which hotel did you book? I'll go with you and tell them to check out of the room right away," Lei Zhengchang said hurriedly.
Lei Zheng works at the Tobacco Monopoly Bureau, and his stepfather is a leader in the Yunzhou Lawyers Association, so he has some connections and influence in Yunzhou. Therefore, he has some confidence in what he said.
"No need. Why would I stay at your place? It's too much trouble and inconvenient," Lei Guoliang said.
"Let me treat you to dinner! It'll save your mom some trouble when we get back! Eating out is much better."
"Alright! Let's find a restaurant outside to eat, but I'll definitely treat you. You've finally come back, and you're treating me to a meal in Yunzhou City. You're the guest, and I'm the host," Lei Zhengchang said after thinking for a moment.
"It doesn't matter who invites me!" Lei Guoliang didn't bother to be polite with his second nephew.
The two found a local restaurant that looked fairly clean and asked for a small private room. They ordered a few dishes, and Lei Zhengchang even specifically asked for a bottle of locally produced, fairly good baijiu (Chinese liquor).
"Come on, Guoliang, it's been a long time since we, uncle and nephew, have had a good drink together today!" Lei Zhengchang poured the wine enthusiastically.
After a few drinks, the atmosphere became lively. Lei Zhengchang was a talkative person to begin with, and working in the tobacco bureau exposed him to all sorts of people, so he was well-informed and they chatted about everything under the sun.
He talked non-stop about everything from which county leader might be ousted, to what problems had arisen at which housing development, to the amusing anecdotes from when his son was just born.
Lei Guoliang listened quietly most of the time, occasionally interjecting a word or two, or asking about the details.
He needs this local, fragmented information to corroborate and supplement his judgment.
"By the way, that's normal. You said that house on the Jinjiang Bund, will it be easy to rent out in the future? Is it easy to rent out?" Lei Guoliang asked casually.
"Easy to rent! Why not?" Lei Zhengchang put down his wine glass and got excited: "What a great location! It's by the river and at the junction of the old and new towns. It's bound to be a lively place in the future."
Let me tell you, there are many young people who run businesses or work in companies in the city now renting houses nearby.
If you buy that apartment, do some simple renovations, and rent it out for four or five hundred a month, you can easily make five or six thousand a year! You'll break even in ten years! And the apartment will still be yours!
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