Chapter 73: Chartered Wife
Hearing that the owner of the barbecue restaurant inadvertently mentioned that the inconspicuous old woman was actually the landlord here, Kim Jae-ryong couldn't help but sigh, it's really unseemly.
To be able to own a shop in Itaewon, where every inch of land is at a premium, is such an enviable thing.
Not to mention anything else, Kim Jae-ryong has bought so many foreclosure houses, and roughly calculated, I am afraid that a month's rent is not even a fraction of what is here.
Probably seeing Kim Jae-ryong's surprised look, the boss touched him carefully, and then reminded in a low voice:
"Hey, young man! You can get the attention of Itaewon's most famous charter wife, so take advantage of the opportunity! ”
"What...... Are you saying she's famous in this area? ”
"I don't know if she's famous, but there are a lot of shops here that are his property, and she's super rich!"
Probably noticing that Kim Jae-ryong was standing where he was and not following, the old woman stopped and turned around and beckoned to him.
Seeing this, Kim Jae-ryong hurriedly followed.
I didn't expect that an old woman who collected information outside the courthouse was such a powerful rich person.
At this time, Kim Jae-ryong has already restrained his heart of looking down on the other party, and plans to work hard to learn from the other party how to buy real estate that can bet on urban renewal.
To be honest, those semi-basements are kept in their hands, and they rely on the tenant's rent to repay the bank loan every month, although it sounds like they have a lot of real estate in their hands, but if they want to realize it, it is difficult to realize it, after all, semi-basements are rented to the poor, and the rent cannot be too expensive, and it is not very profitable!
So in the market, this kind of house is generally not easy to sell! Even if they sell, most of them are bought by people who don't have enough money to live in for themselves.
If that's the case, unless the price of real estate rises sharply, don't even think about what money you can make by speculating on these properties?
What Kim Jae-ryong really wants to know is when is the Hancheng city government? And in which area to announce all more!
Once the executive order for urban renewal is issued, the government buys the land from the owners at a high price, and then Kim Jae-ryong's humble semi-basement can be sold to the government for a profit!
Sometimes with a bit of luck, it can even be multiplied several times! That's much better than relying on rental yields!
The old woman wanted to eat meat, so Kim Jae-ryong didn't care and ordered the most expensive Korean beef.
Probably because the old man saw that Kim Jae-ryong was more up-to-the-point, so he ignored Andong Bin's eyes, and said as if educating his grandson while eating barbecue:
"Hey...... You guy, in fact, when you don't know anything about real estate, you have to look more and move less, how can anyone buy a murderous house, won't you look at it in advance before collecting information? ”
It seems that even this old lady knows about buying the murderous house, and Kim Jae-ryong was a little embarrassed when he heard the other party's lesson. So he quickly explained!
"I thought the court had cleaned it up for us, who would have thought that the original owner would be so rigid that he would hang himself in his own house! However, old-timers, you stay in front of the court every day, and you should have a lot of experience in how to buy a foreclosure house! ”
"Ah...... Yes! You want me to teach you how to buy a house that can be renewed, right? ”
"Forehead ......"
"I've seen you in action! The first house was bought near Hannam-dong, haha, do you think that area has not moved next to the chaebol for so many years, is it why? People there want to sell their houses for a sky-high price, how can the government demolish the houses over there, and even if they are demolished, the compensation each family gets is not even enough to buy a new apartment, you say, what is the value of buying such a house? ”
"Ahh
Kim Jae-ryong heard the other party's guidance and suddenly realized that his previous acquisition idea was a failure.
Indeed, the first semi-basement he bought was near Hannam-dong, a chaebol-populous residential area in Gangnam-gu, and his semi-basement was located in a nearby old town that could not be used on foot for 20 minutes.
Kim Jae-ryong thought he had found a treasure, but when he heard the old woman's reminder, he suddenly realized that he had made a mistake.
Aren't these houses similar to those alleys within the Second Ring Road of the Imperial Capital?
Although it is a sky-high price, because the area of each family is very small, on average, even if it is demolished, the money basically earned is not enough to buy a new house.
As a result, over the years, the housing prices in the imperial capital have risen to the sky, while those old houses in the second ring road are in a state of pricelessness.
The problem is that there is also a concept of school district housing in China, but in country H, the best schools are private, and they don't pay attention to household registration, as long as you spend money, or your child is talented and smart.
Without school district housing, how can this pile of broken bricks and tiles be sold for sky-high prices?
And because the cost of demolition is too high, even if the government has the heart, I'm afraid it doesn't have the financial resources.
"That'...... Old woman! How should I buy a house that I would like more? ”
"Haha, of course I know that, but why should I tell you?"
"Ah...... You old woman, what a ......."
A good celebratory dinner, was disturbed by an uninvited guest, An Fat Man was angry, but when he saw Kim Jae-long, he quietly gave him a look.
After all, Fat An is a person who has been the boss, and he will often say things, so he swallowed back the dirty words that were originally going to blurt out.
And the old woman, at this time, was still eating barbecue, looking like she was in her own home.
Kim Jae-ryong knew that this old woman was deliberately close to him, probably because she took a fancy to the pamphlet she made.
So he said tentatively:
"Grandma! I don't know what to call you? ”
"My surname is Pei, just call me Grandma Pei!"
"That, I don't know if it's inconvenient, I want to learn from you as a teacher, learn how to buy those houses that bet on higher hopes of urban renewal!"
"Hey! Why should I teach you? ”
"That...... Because I think that the real estate industry in Hanseong is about to usher in a big development, and housing prices will soon rise exponentially, so I think there will be big opportunities in the future, if we can grasp it......"
"Haha! If you can only say these beautiful words! I'm not going to teach you for nothing! ”
"Uh...... In fact, I want to use your knowledge of real estate to help more people buy the right house! In this way, we can make far more money than the appreciation of owning a house! Are you satisfied with this answer? ”
Hearing Kim Jae-ryong's words, Grandma Pei suddenly put down her chopsticks, and then looked at him with a smile.
"If I can make more money, then of course I'm interested!"