Chapter 41 Real Estate Investment Companies
With Liu Gang's help, the next courtyard acquisition plan went very smoothly. Of course, the reason why it went so smoothly, in addition to Liu Gang's help, another important reason was the price of buying these courtyard houses. Liu Gang's final offer to Sun Fan was nearly 5% higher than the average price of similar properties on the market today, and Sun Fan's purchase price was basically a full 35% higher than the price at the beginning of this year.
Sun Fan thought about it carefully, and there were four main reasons for the smooth acquisition. 1. Liu Gang is involved in this, 2. The real estate market is not active, 3. The market has fluctuated greatly since May, and 4. Money that exceeds the market price.
Although the price has risen slightly, Sun Fan is still very satisfied with the results of this acquisition. This time, Sun Fan bought a total of 79 sets of courtyard houses through Liu Gang's channels, with large and small courtyards, the smallest of which is only more than 200 square meters, and the largest is more than 800 square meters, with an average area of about 450 square meters per set. Moreover, 65 of the 79 courtyard houses are listed in the Cultural Relics Bureau, which is a famous historical building. As for the remaining 14 sets, they are also some well-preserved courtyard houses.
The final average price of these quadrangle houses is about 23.85 million yuan per set, an average of 53,000 yuan per square meter, and a total price of 1,884.15 million yuan. Because of Liu Gang as the middleman, those sellers also trust Sun Fan, so the transaction method all adopts a 10% deposit model, and Sun Fan paid a total of nearly 188 million deposits in advance, successfully collecting this batch of properties under his own name.
And Liu Gang also took the initiative to help Sun Fan with a loan. In fact, he accompanied Sun Fan to the capital and met the president. Liu Gang didn't need to open his mouth, after the president asked Sun Fan's intentions, he took a stack of real estate certificates and looked at it a few times, and made a 90% loan with Sun Fan, and guaranteed that it would arrive within a week.
After coming out of the bank, Sun Fan couldn't help but sigh at Liu Gang's influence, compared with Gong Hao, a confidential figure, although Liu Gang is inferior, but he is different from Gong Hao, he is a character on the surface, and it is indeed much easier to do things. However, Liu Gang actually didn't help in vain, from which sellers sold the courtyard, he could also receive a 1% commission, this time with a transaction volume of more than 1.8 billion, he could get 18.84 million in commissions alone, which was also a lot of gains.
On June 18, Sun Fan finally finished his work in the imperial capital and set off for SH with Gong Hao and Wan Jia. After finishing SH's affairs, they can return to their home base camp Hecheng.
on the plane.
"Boss, we are too good this time, especially the 65 sets of historic courtyards. No, plus the big set that the sixth brother sold you should be 66 sets. I heard the sixth brother say that there are only more than 900 sets of courtyards like this in the entire capital that are named in the Cultural Relics Bureau, and more than 70% of them are still in the hands of the government, including the Forbidden City, Prince Gong's Mansion and the like. There are only nearly 300 privately owned units, and our 66 courtyard houses basically account for more than two floors of the entire market!" Gong Hao said with some excitement.
Since the real estate investment and shop work in the imperial capital have ended, this time, Sun Fan brought Gong Hao back with him. However, Wu Pei and several other newly recruited real estate investigators were left by Sun Fan in BJ and asked them to temporarily manage these newly bought courtyard houses.
Listening to Gong Hao's words, Sun Fan smiled, he was indeed very happy to have such a result, which could be said to have overfulfilled his plan.
"I have to thank you for being able to catch the line of the sixth brother. Gong Hao, I want to set up another real estate investment company, do you have any interest in managing it? Sun Fan said.
"Boss, don't we already have a sail property?"
Sun Fan shook his head and said: "It's different, the main business of Fan Real Estate is the management of real estate, such as: rental, decoration, etc., but the main key point of the real estate investment company is investment. ”
After thinking about it, Sun Fan continued: "The current investment model like ours is not standardized enough and not efficient enough. So I'm going to set up another investment company, and my main business is to invest in real estate, just like this investment in a courtyard house. In other words, in the future, our real estate investment projects will be completed by this company. As for the purchased property, it will be handed over to Fan Real Estate Management. ”
"Boss, is the job of this company to investigate good real estate resources in various places and then buy them?" Gong Hao said.
Sun Fan nodded and said: "The current situation is like this, you also know some of my investment model." To be honest, I am very optimistic about the future of real estate in our country. At present, China's urbanization rate is less than 20%, while the urbanization rate of moderately developed countries abroad must reach at least 50%, in addition to indicators such as urban population concentration, our country is far behind developed countries. However, China's actual economic strength is very close to that of developed countries, and the economic level of many coastal areas has even exceeded the level of moderately developed countries. According to these data, China's economic level and urbanization rate are obviously mismatched, so it is an inevitable trend for the rural population to move to the city in the future, and the population from the lower cities to the higher cities. Under this trend, I believe that investing in real estate in several of the most economically developed cities will definitely not lose money, at least for 10 years, I believe that in these more developed cities, housing prices will continue to rise. ”
"But what if we encounter a fall in housing prices, just like this quadrangle, which has risen by 30% this year, and falls by 10% in the second half of the year? Gong Hao said.
Sun Fan smiled and said: "It is indeed possible, but the bank, as long as we can pay off the loan interest every year, there will be no big problems." That's why every property investment I invest in is more concerned about the rate of return on rent. As long as the rental yield is above 4%, we don't have much risk. And even if it's less than 4%, I still have sailor fashion behind me. As for the one-time repayment of principal plus interest after five years, I don't think there is even more worry. According to China's economic growth rate, as long as the growth rate of real estate and the economic growth rate are the same, then after five years, we will have at least 50% of the income, and as long as the house is sold at that time, not only can we pay off the loan, but also have a lot of profits left. And we operate through the mode of leverage, and the profit is even more considerable. ”
Gong Hao nodded and said, "If you say that, it doesn't seem that there are many risks." ”
"That's right, so my investment looks like it's very risky, but in fact the risk is controllable, and if you think about the real estate market this year, is the growth rate of real estate really just the same as the economic growth rate? Sun Fan then said demagoguously.
"But boss, all the money in your hands has been invested, and after the establishment of the investment company, we seem to have no funds!" Gong Hao said.
"Money is not a problem, do you know the price of the BJ courtyard now?" Sun Fan said with a smile.
"You know, didn't we investigate before?" Gong Hao said curiously.
"The price of the general courtyard house is indeed about the same as before, but the courtyard houses that have left their names in the Cultural Relics Bureau are different, due to our large-scale purchase two days ago, there is basically no such courtyard house available for trading in the market now, except for a few sets in our hands, other people's hands are basically no longer sold. There is no longer the goods, and the price will naturally rise. Today I made a few phone calls to the agent before going to the airport, and the price was at least 8% higher than when we bought it. What's more, even at this price, there are still no houses for sale. I'm sure in a little while, this price will go up. Sun Fan said with a smile.
"Damn, is it true! Boss, then we have doubled our profits, in just a few days, the money invested in this investment is about to double! And now there are no sellers, it is very likely that this will go up!" Gong Hao said with some dumbfounded.
Sun Fan smiled and said, "So, do you want to do it?"
", boss. I've decided on this investment company. Gong Hao said.
"Okay, when I go back, I'll start setting up Fanke Investment. Like Jia Yue, after the establishment of Fanke Investment Company, I will give you 5% of the shares. Sun Fan said.
"Boss, don't want 5% of the shares, you also know that my dad works in a government unit. Gong Hao said.
Sun Fan smiled and said, "Don't worry, you belong to the management of shares." And it doesn't come from relationships. ”
"That's not going to work, boss. Fanke investment is different from Fan Guest Real Estate, you only injected 10 million into Fan Real Estate, and Jia Yue's 5% stake is worth 500,000 at most, although it must be appreciated now, but those values are all made by Jia Yue after he took over. But Fanke Investment, the assets are different, even if you only inject 100 million, the 5% of the shares will be worth 5 million. Once it is identified as black income or something, then the matter is a bit big. Gong Hao said helplessly.
Sun Fan thought about it and felt that what Gong Hao said was very reasonable, so he no longer insisted and said, "That's it." I'll keep 5% of the shares for you. To tell you the truth, if my estimate is not wrong, I will inject at least 3 billion into Fanke investment next year, and this money will be managed by you at that time, as long as you are in office within two years, my capital injection can reach 9 billion, this 5% equity, even if it is a personal incentive for you. That's all right. ”
Sun Fan knows very well that according to his investment model, it will not take two years at all, and it only takes one year next year to definitely meet the incentive requirements. As long as the conditions are met by then, Sun Fan will immediately transfer the equity to Gong Hao. The reason why he gave Gong Hao equity was that Sun Fan wanted to tie him firmly to his big ship.
Gong Hao looked at Sun Fan and nodded heavily: "Well, if it is an incentive of this model, of course there is no problem." Boss, I'm sure I'm done. ”
Sun Fan smiled and did not speak. I just heard Gong Hao say "thank you" softly again.
Soon, the plane landed at the Modu airport.