Chapter 466: Successor Interview (Part II)
"Dongfeng International Real Estate, now it has won two pieces of land in S City, isn't it?"
"Three plots of land."
"Okay, awesome, good luck." Liang Xin said with a smile, "In the next ten years, I estimate that these three pieces of land should be likely to appreciate tenfold on average." So assuming that my judgment or guess is correct, what are your plans now? Let me guess what you think, shall we? ”
Liang Xin looked at Teng Zengsui, and then at a few other people, "You are thinking in your hearts now, either hurry up building a building, pay attention to development, and then build a good house, only rent and not sell, and wait until ten years later to get rid of it." Or it's a little worse, after the land is taken down, you don't even need to develop it, you just wait on the horse, and you also wait until ten years later, and then sell it, right? ”
Teng Zengsui and they looked at each other.
Chen Rongxing said: "If the future is predictable, normal people should only have these two choices, right?" What reason do we have to give up the highest profit that we are sure to reach? Do you have anything else...... Is the third better option? ”
"Of course."
Liang Xin smiled at Chen Xingxing and said, "Mr. Chen, this is the most obvious difference in our cognition in this matter. ”
Chen Rongrong said with interest: "Then tell me, how do you want to get it?" ”
"It's simple." Liang Xin said, "I will first develop all three pieces of land as quickly as possible, and then choose to sell one or two of them according to the location and the flow of customers in the next ten years, but keep a part of it forever, as part of the group's permanent core assets, and never sell it." ”
"Eat the rent until you die?" Teng Zengsui asked.
"Why not?" Liang Xin asked rhetorically, "Mr. Teng, as well as the CEOs, Dongfeng Investment Group has been doing very successful business in the past nearly ten years, and has accumulated a lot of liquidity by luck. Just for the stock you have bought and bought these days, the amount of cash on the account, I conservatively estimate, should be shocking to the point of outrageous. So let me ask you, in addition to cash, how many assets does the group have in hand that can make money stably? Regardless of whether the year is good or bad, whether the global or domestic economic situation is good or bad, can the assets that can be guaranteed in drought and flood, or at least stable and principal? ”
Cheng Gang smiled: "Sanjin Technology." ”
"No, Sanjin Technology does not protect its capital at all, and there is a great need to burn money in the future." Liang Xin Zhengse said, "Dongfeng International Real Estate is the same, now there are only investment activities, but there are not many channels for blood. How much rent can the group recoup each month for its properties in W City? Not much, right? Is there a hundred million? ”
Liang Xin stared at Teng Zengsui. Teng Zengsui thought slightly, shook his head and said, "No, basically this round, it's almost sold." The rent that can be recovered every month is up to 20 million. ”
Liang Xin said: "It's not as good as the flow of the classmates network for a day." ”
Lao Mo said with a smile: "So we value you very much." ”
"Alas......" Liang Xin sighed, "Old Mo, how can you still laugh?" ”
Lao Mo said: "I will retire the year after tomorrow." ”
Teng Zengsui: "......"
Liang Xin: "......"
Luo Lilin turned his head to look at Lao Mo, with a smile on his face, but his eyes were full of speechlessness.
Liang Xin was choked by the old man, and he stopped talking nonsense, and said bluntly: "Ladies and gentlemen, the idea I want to talk about is actually very simple. That is, if I do real estate, I must set a final logical closed loop for myself. You have to know where the last step is from the perspective of my generation.
If we follow our current model, it is nothing more than to hurry up and build a house, and then when the land price or house price rises about the same, we will sell it as soon as possible. Buy low and sell high, from Z province to S city, and then from S city to B city, and finally buy to the whole country, and even buy to the world. I calculate this money with the most optimistic expectation, we will be in the next ten years, or even twenty years, the average annual rate of return can be as high as 100 percent, that is, where we have passed, the house prices in all places can rise from 5,000 to 10,000, so how many places can we go in 20 years?
According to the average year to implement a provincial project, 20 years will not even be able to complete the whole country, and then what? The cash in his hand is nothing more than twenty times what it is now. How much does it cost? 200 billion no? ”
Teng Zengsui said: "Almost." ”
"Okay."
Liang Xin said, "And then? At that time, all the property units will be successfully sold off, and after 20 years of struggle, in exchange for 200 billion in cash, of course, it is very remarkable. What are we going to do with this recoverable money? Surely there can't be a bank lending, right? ”
"Why not?" Luo Lilin interrupted, "We have our own controlling bank, and in twenty years...... Or a little faster, fifteen years later, with such a sum of money, wouldn't it be great to directly expand the local bank of W City to the whole world?
We have a large number of hometown associations, W City Chamber of Commerce, and W City industry associations overseas, which one is not short of money? Even foreigners can be released, the Amrik government is often short of money! With such a high-quality customer of the Argentine government, are you still afraid that he will repay his debts? ”
Liang Xin suddenly looked at Luo Lilin with a stunned expression.
For a moment, he was quite shocked by this group of fellows with deep-rooted lending thinking.
Dog, I thought you were turtles......
It turns out that all of them are so broad-minded and looking at the world?
The rent of the Amrlik government, you all dare to collect it?!
"Mr. Luo, don't get excited, listen to Xiaoliang." Teng Zengsui showed a hehehe smile.
Liang Xin also immediately came back to his senses and said with a smile: "It may not be impossible, there will always be risks in lending and collecting interest, who can pat their chests 100% and say that the Amrik government will not repay its debts?" Let's not talk about this ......."
Seeing that Luo Lilin seemed to be about to refute, Liang Xin hurriedly stopped, "I just said that when the time comes, our real estate will be smooth sailing, and all the developed real estate projects will be sold smoothly, and the money will be obtained, but when we look back, what can we leave in the end?" Is there nothing left but money, but cash?
And I still say the same thing, the money we get is transferred to its holding commercial banks for lending, or making other investments, once the investment results are not satisfactory, the money will only decrease, not increase. Coupled with inflation, if we can't find the most suitable place to put this money, it will shrink much faster than we now imagine.
So my thinking is very simple, what we have to accumulate in the past 20 years is not only capital and capital, but more importantly, assets! And the accumulation of assets is even more important than the accumulation of funds! We need to have such an asset, and we don't need to continue to invest a lot of money and energy, so that we can produce stable income every year. This part of the assets should also become the main source of funds we need, which can ensure that we still have the confidence and ability to turn around in the coming year even if the follow-up investment fails, and in the worst case, the group can also rely on this part of the assets to survive.
Its rate of return may be far inferior to the current model, but as long as the scale is up, the absolute value of the return will not be too far different from what we expect. The most important thing is that we are quite free from the risk of investment. ”
"Isn't this the past...... Do landlords collect rent? ”
Lao Mo is worthy of being an old man, and his mind is easy to think of the old society.
Liang Xin smiled and said, "Yes, it's completely correct, it's to collect rent." In the past few decades, we have carried out land reform, and we can't collect rent, but now, the real estate market is open, and the new round of the upcoming real estate boom is more than who encloses the land faster, who circles the best quality land first, and will rely on these lands to collect rent in the future. ”
Chen Rongrong said: "The land belongs to the country. ”
Liang Xin said with a smile: "But the house above the ground is ours." ”
Chen Rongxing blinked.
Teng Zengsui asked, "Rent collection...... Too low-level, right? ”
"Low-level?" Liang Xin said, "With thousands of years of human history, can you think of a more stable form of asset allocation than enclosure and rent?" Old man Li, the richest man in Xianggang, is in the place where the sesame mung beans are big in Xianggang, relying on the market of 20 million people, he has collected rent and collected all his life, and now he is the richest man in Asia, is it low-level? Ah Gong, I think there is no difference between low-level and high-level assets, and the quality and quality of assets only lie in how strong their resistance to uncontrollable factors is.
In the past, the land, regardless of wind and rain, war and chaos, as long as the ownership of the land was clear, it was burned by fire, and as long as someone came to rent it every year, the landlord could live. Now it's the turn of real estate, as long as the building does not collapse, the social system does not change significantly, and the rent of the building is not afraid of wind and rain, we can make money every year by sitting at home, singing songs and shaking our legs.
What is it called? This is called stable efficiency of exploitation. Engaging in capital operation, the underlying logic, can not push the continuous exploitation of social surplus value, that is also called engaging in capital? If you take your own risks every time, fight with manpower and material resources, and work hard to develop and build, even if you do it in the end, you may not be able to make a lot of money, which is also called engaging in capital? This horse is called building socialism! ”
Teng Zengsui asked rhetorically, "Isn't it good?" ”
"Of course not!" Liang Xin stared at Lao Teng, his eyes hooked and said, "Grandpa, I have been taught a concept very clearly in my textbooks since I was a child, our country, the stage we are currently in, is the primary stage of socialism. ”
Teng Zengsui suddenly felt a pang in his heart.
Liang Xin continued: "Ah Gong, people of any age will do things at any age. The country is the same, what stage it is in, what stage of work. The bigger goal must be done on the premise that the short-term goal has been completed. You have to learn to climb first, and then learn to walk. We must respect the objective law of social development, understand that you can't get fat in one breath, and we must work steadily, build a solid foundation, and work step by step. ”
Lao Mo said in a deep voice: "It's far away." ”
Liang Xin said: "That's what it means anyway." Since we have done this, we must respect nature, exploitation must be exploited, and we must also exploit steadily, for a long time, and exploit in a fair and bold manner. Otherwise, what do you want us people to do? As for the exploitation part, how we distribute it after we turn it in is not our scope of work. ”
"You can shut up...... Luo Lilin couldn't cry or laugh, and hurriedly pulled the topic back, "Just tell us about this specific matter, just do what you want to do." ”
"Simple." Liang Xin said, "The idea is very simple, now there are about 300 prefecture-level cities in the country, but our stalls do not need to be spread so big, I think we only need to cover 200 to 250 cities, it is enough." Because of international cities such as S, B or H, they have enough population and market demand to achieve a top two or even top two. But for the sake of conservatism, I recommend that each city invest in no more than two commercial centers, or commercial plazas......"
"What do you mean?" Teng Zengsui asked.
Liang Xin explained: "Ah Gong, let me ask you, if a city's CBD is the central business area, how much can they rent a building every year?" ”
Teng Zengsui said: "It depends on how to calculate, the market has off-peak seasons, and the rent of office buildings also fluctuates." ”
"At the approximate average price." Liang Xin said, "Is it reasonable to have the best location in S City, 50 yuan per square office building per month?" ”
"It should be more than that." Teng Zengsui said, "One or two hundred can be rented." ”
"Cheap is counted as a hundred." Liang Xin said quickly, "One square is 100 yuan per month, 100,000 square meters, it is 10 million per month, and it is 100 million in a year." That's not all, there's room for price increases. And if we can build two office buildings of this scale on one plot, even if the occupancy rate is only half, it will be more than 100 million yuan before tax in a year. So so many white-collar workers in office buildings get together, is it impossible for them to only work all the time?
They also need to consume, right?
Then next to these two office buildings, build large shopping malls, comprehensive entertainment facilities covering all aspects, such as large movie parks, self-operated hotels, high-end or young indoor sports venues, and so on.
In this way, these things are packaged together as a whole to form a commercial plaza center integrating office, travel, catering, shopping and leisure and entertainment functions, and we name it Dongfeng Plaza. The annual revenue of a square will be extremely stable because we have a fixed, concentrated, and large middle-class market next to us.
As long as the profits generated by this part of the supporting facilities can offset the part of the tax on our rent income, the net profit of the entire square, in the worst case, can also be stable at more than 100 million per year.
Suppose we have 300 such squares in the country, two large cities with a large scale, one city with a small enough population, and 300 squares, which is a guaranteed net profit of 30 billion yuan per year! Come rain come shine!
So what if you catch up with the good days? What about catching up with the economic momentum? It is not impossible for profits to directly double or quadruple, and the annual net profit to exceed 100 billion yuan. Isn't this better than us doing land everywhere and selling it everywhere, so much so that I don't know where? ”
Liang Xin said very hilariously.
The room full of people couldn't help but look at each other on the ground, and was a little stretched by this big pie.
"Also, when the brand grows, we can license it to others. There are some cities that we don't develop, but they want us to develop, so how can we do it? It's very simple, let them pay their own money, we provide them with decoration guidance, business guidance, and even send people over to deliver professional management talents. We only charge a small profit share, 10 to 15 percent, which is reasonable, right? ”
"Or rent?" Old Mo Dao.
"More precisely, it can be understood as collecting taxes." Liang Xin said, "Ladies and gentlemen, the most secure way to make money in this world must logically be the most old-fashioned and untechnical, but also the most difficult to do." Among them, the most representative local methods, one is called rent collection, the other is called tax collection, and the other is coinage, and no one can interfere in these three things as long as the ruling class does not agree. But now, society is allowing us to participate in these activities in a less straightforward way.
What we need to do next is nothing more than to form our own set of operational logic as soon as possible: take the land first, yes, take the land, get our future core assets as soon as possible, and make the profits easily, part of which should cover our construction costs, and the other part should be taken to encircle more land immediately. At this stage, our core assets can also be used as collateral to extract more liquidity from financial institutions, leverage, leverage, and re-leverage, as long as the bar does not die, it will die.
It's about speed! The competition is who can use faster efficiency to complete their own layout!
Why? Because there are at least 100,000 people in China who have similar ideas, but fortunately, there are no more than 50 organizations that can still put this idea into practice. But forty of them will die before they see hope. Because they only have ideas, but the specific operation may not be right, and the right may not always be able to make mistakes.
But the remaining dozen or so will become strong opponents on our development path.
We must be vigilant!
But for now, we're in a good situation. Not only because now I have told you the cheats of this rodeo game, but also because of our own group, the innate conditions are also very superior.
Because first, our own financial situation, probably one of the top among all these institutions, Dongfeng Investment now has a lot of hard-earned money from the mouths of the people of the city in its own hands - we will return to them in the future; Second, we have our own controlled bank, and we can continue to pick from the mouths of the people and enterprises in W City - this we will also repay them in the future; Third, we are an investment institution, we have a strong financing ability, and when we really have no money, we can pull people in at any time to make a fortune together, and then find an opportunity to turn around and kick him out in the future.
Finally, the small number of projects we are currently investing in will have the ability to self-hematopoiesis in the future, and can also provide a steady stream of bullets for the group, such as Sanjin Technology, I will try my best to make Sanjin Technology vomit more than eat after five years......"
"Oh?" Teng Zengsui couldn't help but smile, "You still have such a mind?" ”
Liang Xin said: "Grandpa, how can I say that I am also a director of the group!" Dongfeng International Investment, I now have two percent of the shares, I hate to dig out my heart and lungs to the group! ”
Teng Zengsui smiled and looked at the others again.
There was silence in the room for a while, and Lao Mo said, "According to this line of thinking, our investment overseas will be useless." ”
"No, it won't." Liang Xin said bluntly, "Overseas can continue to invest, but my idea is that the country should fight a regular war, concentrate on doing big things, and don't let the main funds flow out." Overseas can completely fight guerrillas. We can directly invest money in our own people outside, and I think this idea is very good for the various W chambers of commerce that Mo Lao said just now.
We are only responsible for collecting interest on the money, and the money is given to specific people or institutions, and only support promising young people, but they mainly bear the business risks.
It doesn't matter if it's small, as long as it can blossom everywhere and ensure that there are relatively stable entry and exit channels, if we get involved in manufacturing and logistics in the future, the outside market can be easily established. However, the construction of heavy assets like Dongfeng Plaza is completely unnecessary. Do big and solid inside, and do some work outside.
Inside there is both rent and tax, but outside there is a balance between income and expenditure. When one day, our country's warships can sail over there, and within the range of artillery shells will be the place where overseas businessmen in our W City can live and work in peace and contentment, then we will follow behind the country's buttocks, engage in some offshore construction, and exploit the vast number of low-level people in Asia, Africa and Latin America, and it should not be a big problem. But this should be twenty or thirty years from now, and I guess I will be retired by then, and my son's generation will have to ......."
The more Liang Xin said, the more Nima was imaginative.
Teng Zengsui felt magical when he heard it, and finally couldn't help but stop, and said, "Okay, okay, it's too far." ”
"yes, it's too far away......"
Liang Xin also stopped with emotion, picked up the water cup, and took a sip.
Teng Zengsui asked a few other people: "Do you think what Xiao Liang just said is inspiring to you?" Honoured? ”
"Hmm...... Very constructive. Chen Xingxing nodded, "Although it's a bit messy, I can hear that Xiao Liang does have a set of his own ideas, and it would be better if he could write them." ”
"I'm not available these days." Liang Xin said, "Let's talk about it later." ”
Teng Zengsui asked Lao Mo again, "What do you think?" ”
Lao Mo said: "Young people's ideas are very aggressive, and the goals are clear, which I think is very referential." ”
"I also think it's good, collecting rent and taxes...... Ha ha! Luo Lilin smiled, "What did Xiao Liang say this is called?" What is the underlying logic of capital operation? It's the first time I've heard this statement, and it's very appropriate, and I'll have to report back to us when I go back. ”
Teng Zengsui immediately said: "Don't come to rob business, it's already very messy, if you get it right, you will have a lot of benefits." ”
"I can't be the master." Luo Lilin smiled, "I'm just a messenger, who let you let me hear it today?" ”
Teng Zengsui shook his head speechlessly, "High-end manufacturing, running to engage in real estate development, that is going the wrong way." ”
Luo Lilin laughed again.
Cheng Gang interjected: "Our Mr. Guo should be interested, Shen Ruilong must also be interested, Qianhang Capital will act as soon as possible next." Mr. Teng, the market is so big, the two of us work together, and the efficiency of the enclosure should be higher. On behalf of Qianhang Capital, I first asked Dongfeng International Real Estate for a price, 500 million, can I take 10%? ”
"Too little." Teng Zengsui said, "My bottom line, if you want to come in, you can exchange the shares of Qianhang Capital." ”
Cheng Gang sighed, "Mr. Teng, it's easy to lose both." ”
Teng Zengsui thought for a while, and suddenly asked Liang Xin: "Why are you talking so much?" ”
Liang Xin: "??? ”
"Alright, that's all for tonight." Teng Zengsui raised his hand to look at the time, and unconsciously, it was already past 12 o'clock, and he stood up and said to Liang Xin, "Xiao Liang, at the regular meeting of the group council at the end of the month, you come over for a meeting." ”
Liang Xin asked, "Do you want to make a report?" ”
"Not really." Teng Zengsui said, "What you said, I still have to find someone to consult, consult, argue and demonstrate, I can't listen to your nonsense, I'll smash all the billions into it, right?" The pilot will take at least two years. ”
Liang Xin turned his head to look at Cheng Gang and said, "Then when you finish trying, it is estimated that the daylilies are cold." ”
Cheng Gang couldn't help but smile.
Teng Zengsui didn't have the energy to raise the bar with Liang Xin, and said: "At the regular meeting of the group council at the end of the month, I will nominate you to be co-opted and enter the group council as a director. First stop...... W City local do it first. ”
Liang Xin's face was speechless for a moment, "This is what you said, the benefits for me?" ”
"Hey, hey, young man, are you good at this position? You haven't even graduated from college yet......"
Lao Mo stood up and smiled at Liang Xin, "Before the restructuring of the group, this was the deputy department!" ”