Chapter 136 The development of the all-rental housing plan
"Do you want to buy a house?"
Huang Xu looked at the horrified expression of his uncle in front of him and acted very calmly. Not only did he not refute, but he also waited patiently for his uncle to express his doubts and vent his inner confusion.
Waiting until he stopped, Huang Xu asked slowly:
"Uncle, tell me, did you lose money on the houses I bought?"
"Uh~, no."
Although Huang Wenfu didn't agree with Huang Xu's gameplay and had many opinions in his heart, he couldn't say anything bad about whether the houses he bought could make money.
Let’s not talk about the issue of renting out the house. Let’s talk about the current unit price of the house. After buying it, it keeps rising.
Although it has only been a month or two since the purchase, the unit prices of these houses have basically increased by 5% to 7%.
Although it's not a lot, don't forget, they only bought it less than two months ago, and this kind of increase is already very exaggerated.
And more importantly, Huang Xu's real plan is to rent a house entirely.
These houses can also be rented out. After getting the full rental deposit, they will buy a house again and the cycle will continue.
If all goes well, their wealth will grow exponentially.
Although Huang Wenfu already knew about this, he still looked at Huang Xu and expressed his worries.
"Xiao Xu, I know that housing prices are still rising, but housing prices can't keep growing. The core of your game is the growth rate of housing prices. What if one day the growth slows down or housing prices drop? What a shame. Is this going to collapse?”
"Okay, uncle, do you understand it thoroughly?"
Huang Xu was not angry at his uncle's words. Instead, he looked at Huang Wenfu with a surprised expression.
He didn't expect that his uncle understood so thoroughly his method of renting a house.
Facing Huang Xu's praise, Huang Wenfu didn't feel happy. He looked at Huang Xu very calmly, wanting to see what Huang Xu thought.
During this period of time, he has been thinking about Huang Xu's full-rental method, and now, he finally discovered the blind spot in it.
You must know that when he heard Huang Xu talk about the full rental method, he was deceived by the grand blueprint Huang Xu painted.
Just thinking about how much money they can earn after success and how much their net worth can reach.
But the more I thought about it, the more strange it became. How could there be such a way to exponentially increase wealth without any side effects?
If it were true, then everyone would be doing it.
After calming down and thinking about it, he finally discovered the blind spot and found something wrong.
To put it bluntly, renting a house is an opportunistic act taking advantage of the rising housing prices in Seoul and some welfare policies.
Let’s not talk about whether it is dangerous for them, as foreigners, to play this kind of thing in South Korea.
As for the matter itself, the risk is actually very high.
After seeing the growth in housing prices, their wealth will grow exponentially.
But when house prices fall, their wealth collapses at an exponential rate.
That's why he now opposes Huang Xu's continued operation.
So he began to persuade Huang Xu to give up his idea of continuing to expand investment.
"Xiao Xu, as long as we follow the current model, it will only take a few years to provide for the rest of our lives. There is no need to take such risks."
"And after you invest all your money in this, if house prices really collapse, we won't even have a chance to turn around."
"Don't forget, we are foreigners. If we really develop according to your vision, do you know how many houses we will have in the end?"
"And as the old saying goes, you can't put all your eggs in one basket. We need to diversify our investments and reduce investment"
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Huang Xu watched his uncle persuade him earnestly, and his heart was also touched at this time.
It's not about other things like housing prices being lowered or anything like that, but what my uncle said, eggs can't be put in one basket.
Although he has memories of his previous life and knows that housing prices in Seoul will continue to increase in the next few years, will things really continue like they did in his previous life?
And he still has another concern now, that is, if all his money is really invested in real estate and full rental, he can't even think about how many houses he will own in a few years.
His original plan was to build dozens of houses for retirement.
But look at now, let alone the few houses under my own name, let’s talk about the fifteen houses under the company’s name. In the next one or two months, it will become forty-five houses.
And after another three or four months, those 45 houses will become 105 houses.
According to this development, by the end of 2013, the number of houses under their company's name may reach more than 200.
Of course, although this number is large, it is not so large that it is extremely exaggerated.
But if they continue to develop at this rate in 2014 and follow a four-month growth cycle, then by the end of 2014, they will own 2,000 properties.
This number is already terrifying.
If by the end of 2015, the number will be even more terrifying, reaching a shocking 15,000 to 6,000 properties.
This is just the most basic algorithm, with a cycle of four months.
And if it continues, the speed of the cycle will only be faster, and this number will continue to expand.
And this is just the algorithm for his fifteen houses, no more investment.
If all the money in the company's current account is really invested, then their final number of properties will really be impossible to calculate.
Of course, these are just simulations based on the most ideal model.
In reality, it is impossible for it to proceed so smoothly, and if he really reaches this level, then I believe he is not far away from disappearing.
Therefore, Huang Xu, who had calculated in his mind, was already sweating profusely.
He only knew that renting a house was very profitable and would grow exponentially, but he didn't know that this exponential growth would be so terrifying.
Of course, it is unlikely that they will implement this method in reality. After all, banks are not fools, and the Korean government is not blind or deaf.
It was impossible for Huang Xu and the others to develop as calculated and simulated, but even so, Huang Xu's back was already soaked through at this time.
Seeing Huang Xu's scared eyes and the sweat on his forehead, Huang Wenfu nodded with satisfaction. He knew that Huang Xu had woken up.
He didn't pay attention at first, but one day after doing some calculations, he was shocked. He never thought that this thing would be so terrifying.
Then he woke up from his dream of getting rich, and today, what he persuaded Huang Xu to do happened.
"Uncle, do you have any plans for how our money will be used?"
Huang Xu also figured it out at this time. He could continue to play in a rented house, but it was impossible to play on such a big scale.
Not to mention continuing to invest, even the expansion of the dozen or so houses now requires him to control it.
Although in reality, it is unlikely to develop according to the ideal plan, but even so, in a few years, the number of houses under their name will reach an exaggerated number.
But now that we are no longer expanding our investment in full-rental housing, how to use the money in the company account and where to invest it is now a question. In short, it is impossible to put it in the company account.
Faced with Huang Xu's question, it was Huang Wenfu's turn to feel a little embarrassed. After being silent for a while, he said a tentative sentence.
"Xiao Xu, do you think we can share the bonus once?"
"Dividends?"
When Huang Xu heard this, he was stunned for a moment, and then he figured out what was going on.
Although the uncle is the general manager of the company and is solely responsible for handling all matters of the company, the real situation is that he is only a small shareholder in the company, only occupying 5% of the shares.
Although Huang Xu offered him a high salary, the time was relatively short and he did not get a lot of money from the company.
Last year, in order to buy the hotel, he borrowed a lot of money from relatives and friends before he got the shares on the fifth floor of the hotel.
Now that he sees so much money in the company account, he will definitely want to pay dividends to improve his financial situation.
Not only can he settle his debts from last year, but he can even have some left over to improve his life.
After all, he is different from me. He has bonus support. Although he doesn't have much money now, it is enough to spend money, but his uncle does not have such a strong family background.
Huang Xu just wanted to understand this matter, so he nodded in agreement under Huang Wenfu's expectant eyes.
At the same time, he also told a piece of good news that made him feel very happy.
"Uncle, although you are no longer investing in full-rental housing, it doesn't mean you can't buy a house? Take the time to look at a house, and bring your aunt over when you come back, so that you can live there."
"Is this possible?"
"What's wrong with this? You and your aunt can't live in separate places forever. Not only will I buy you a set, I'm also going to buy another set. The one you live in now is a bit too small."
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After Huang Xu finished speaking, he walked out of his office under Huang Wenfu's grateful eyes.
He is also very excited now. Today he just wanted to persuade Huang Xu to be more cautious when investing in real estate.
I originally thought that this matter would be more difficult to achieve, but I didn't expect Huang Xu to be so reasonable. He just persuaded him for a while, and Huang Xu understood his concerns.
Not only was there no mention of continuing to expand the scale of all-rental housing, there was even an unexpected surprise.
Dividend and housing issues were also addressed.
Dividends can allow him to pay off his previous debts and stand up in front of his relatives and friends, especially his wife's family.
When he and Huang Xu bought a restaurant together earlier, although they had a small amount of savings, there was still a big gap between them and the store they bought.
So when Huang Xu proposed a joint venture, he originally thought that Huang Xu would take the majority share, but his wife was not willing.
She returned to her parents' home and borrowed a lot of money from there, so that he and Huang Xu could reach a 50-50 split.
Although he joined the company last year, Huang Xu also gave himself a high salary and a portion of his shares.
But the money he can get is actually not much.
After all, the time was too short. Even the 200,000 yuan that Huang Xu gave him in China was not enough to pay off the debt.
After celebrating the New Year in Qiong Province, when he went to visit his wife's relatives, he was often criticized by those people.
Why aren't you getting rich? Why couldn't he pay even this little amount of money? He didn't listen to it less.
It was at this time that he regretted why he didn't offer to share some money with the first batch of franchisees so that he could repay the money first.
So when he saw the second franchise fee, he had the idea of dividends.
Huang Xu understood him better. Not only did he agree to his request for dividends, he even said that he would buy a house and ask his wife to take over the house.
So after Huang Xu's back disappeared, he couldn't wait to dial his wife's phone number.
"Hey, wife, I have some good news for you."
Huang Xu came out of his uncle's office and saw Zhang Rui who was studying Korean not far away. He did not bother him.
Instead, he returned to the office and asked the person responsible for the full rental procedures and decoration to come to his office.
He needs to know the renovation progress and leasing progress of the dozen or so houses.
Although what his uncle said just now made Huang Xu look for new investment channels and directions, it does not mean that he will give up on renting a house.
Although he cannot expand as crazy as he once imagined, it does not mean that he will not develop.
At the same time, he also set a small goal.
That is, by 2017, we can turn these fifteen houses into 500.
After all, the market in Seoul is so big, I believe these hundreds of houses will not attract the attention of many people.
After all, there were people in previous lives who owned thousands of houses, and there were countless people who owned hundreds of houses.
Then my little fuss over the 500 houses should not attract any attention.
Therefore, Huang Xu is still very concerned about the next progress of full rental housing.
After he learned about the relevant progress, a satisfied smile appeared on his face.
Because of the fifteen houses he bought last year, two have already been rented out, and the relevant procedures are now being processed.
Most of the remaining houses that have not been rented out are because they have not been renovated and cannot meet the conditions for renting.
However, their decoration progress is still relatively good, and they have basically entered the finishing stage.
After all, what he bought was a second-hand house. He said it was decoration, but in fact it was just cleaning up, repairing, and replacing damaged or aging things.
There is not much work, which is why in less than two months, there are already houses for rent.
After reading the statistical data, Huang Xu was quite satisfied with the progress of renting a house. Although he was satisfied with this matter, another matter gave Huang Xu a headache.
That is where the money in his company account should be invested.
You must know that there are still nearly 7 billion Korean won in the company's account. Even if converted into domestic funds, there are still more than 30 million.
It is not that simple to find a more reliable investment channel for this money.
However, after thinking for a long time, he couldn't think of a more suitable channel, so he simply stopped thinking about it and looked at the time. It was already close to noon.
He directly found Zhang Rui, who was still studying Korean hard, and asked:
"Brother Rui, is there anything you want to eat for lunch?"
Just when Huang Xu asked Zhang Rui what he wanted to eat for lunch, Sunny, who had been lying on the sofa for a long time at his home, looked at Goo Hara who was spreading out not far from him and asked:
"Holla, what should we eat for lunch?"
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(End of chapter)