Chapter 1074

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Protagonist:

Li Xiulan

"What?"

Du Xiaojuan was stunned, finding it a bit hard to believe what her ears had heard.

"I got my dad to change his mind; he absolutely won't hold the full moon banquet anymore."

Wang Dashan said with a smile, "Shouldn't you praise me a bit?"

Du Xiaojuan was surprised:

"No, how did you manage that?"

Wang Dashan laughed proudly:

"Kiss me once, and I'll tell you!"

Du Xiaojuan immediately tiptoed and kissed him:

"Hurry up and tell me! Don't leave me hanging!"

Du Xiaojuan was really curious; how could Wang Dashan, this man who was both straightforward and stupid, manage to make his father, who was both stubborn and foolish, change his mind?

"Actually it's nothing much; I just had Wu Banxian go talk to my dad, saying the full moon banquet would be bad for the child, and he obediently agreed not to hold it, even saying that if we insisted on holding it, he would break our legs."

Wang Dashan said this with a laugh.

Upon hearing this, Du Xiaojuan didn't know whether to cry or laugh.

"Not that I'm saying anything about your dad, but your dad is really an old oddball! That rotten temper of his, once he gets stubborn not even eight oxen could pull him back; who would've thought Wu Banxian could persuade him with just a few words!"

Wang Dashan just said:

"In the future, if he does anything wrong, let's not talk back to him directly; just go find Wu Banxian and have Wu Banxian persuade him. That's just the kind of person he is — superstitious to death!"

Du Xiaojuan nodded:

"Okay!"

Then she hurriedly apologized:

"Husband, earlier my temper flared up, that's why I said those things, putting you in a difficult spot."

Wang Dashan hugged Du Xiaojuan:

"It's fine, it's all in the past! I know you just gave birth, pregnancy hormones dropping rapidly causes emotional fluctuations!"

Although Wang Dashan said it was fine on his lips, in his heart he thought he couldn't continue being this useless; he absolutely had to achieve a great career of his own.

Otherwise, if there were any conflicts in the future, Du Xiaojuan would definitely lose her temper at him like this again.

His earning ability right now was far inferior to Du Xiaojuan's, so when Du Xiaojuan communicated with him, she always intentionally or unintentionally spoke to him in a condescending manner.

This actually had a certain impact on his self-esteem.

But how could he achieve a great career of his own?

Shanhai Real Estate had already developed to its peak.

Competition among real estate agencies was increasingly fierce; now there were real estate agencies everywhere in Guangzhou, plus the emergence of online house-viewing platforms, turning agencies like theirs into miserable existences working for the platforms.

As for Wanjia Commodities, no matter how successful it became, those achievements wouldn't belong to him.

At least in outsiders' eyes, the success or failure of Wanjia Commodities was decided by Du Xiaojuan, not by him, Wang Dashan. Although he stayed in the Wanjia Commodity Company office almost every day, the major decisions weren't made by him, but by Du Xiaojuan.

So, ultimately he felt that to achieve a great career of his own, he'd probably still have to go into property flipping!

The house he bought in Huangpu District not long ago hadn't even been delivered yet, but the price had already risen quite a bit.

When the time came to flip and sell it, he would definitely make a huge profit.

Because many factories in Guangzhou were now relocating to Huangpu District.

The government had tilted a large amount of policy preferences toward Huangpu District, concentrating efforts on building Huangpu Knowledge City.

Even taking ten thousand steps back, if he kept the house and didn't sell, using it to collect rent, he wouldn't lose money either.

Wang Dashan thought so in his heart.

His desire to flip properties grew stronger and stronger.

But all districts in Guangzhou had purchase restrictions; he had used his own identity to buy one unit, and if he wanted to continue buying, he didn't know how to operate it — he'd probably have to go ask Hu Wanjia.

So the next day, he found some time and arranged to meet Hu Wanjia for a meal.

He told Hu Wanjia about his desire to flip properties.

At this time Hu Wanjia was flipping properties with great success; Wang Dashan was an honest man, and they had a cooperative relationship at Wanjia Commodities, so he didn't hesitate to pass on some experience to Wang Dashan:

"General Manager Wang, to break through purchase restrictions and expand quotas, there are nothing more than three methods: First, find someone to hold by proxy — use relatives', employees', or friends' identities to hold by proxy, sign a proxy holding agreement, hide the actual property rights! Second, purchase under a company name, circumvent individual purchase restrictions! As long as the accounts are handled well, establish a few more companies with good-looking books, and naturally you can buy a few more units. Third! This is also the method used by the most people! Change marital status to let the household obtain more purchase qualifications!"

These three methods, actually even if Hu Wanjia didn't tell Wang Dashan, Wang Dashan could find them just by searching online a little.

The key point of property flipping isn't quotas, but funds!

Houses are heavy-asset commodities; to become a property flipper, a few million isn't enough.

Flippers holding tens of millions in funds only count as small-time dabbling.

To truly flip houses well, hundreds of millions, even over a billion, are needed to be relatively secure!

So Hu Wanjia asked:

"Roughly how much capital can you invest?"

Wang Dashan asked:

"Is 8 million enough?"

Hu Wanjia couldn't help laughing out loud:

"You can't play the Guangzhou housing market with that; I'm afraid you can only play the areas around Guangzhou."

"Is that so? I bought a unit in Huangpu not long ago, and now I don't have that much cash on hand."

"Isn't your wife very rich? Her company just went public, and her net worth has multiplied who knows how many times; why don't you have her cough up a hundred million or so?"

Hu Wanjia egged him on like this.

Wang Dashan then said:

"The two of us have always kept our finances separate. I'm a grown man, and I don't have the face to ask. Not afraid to tell you the truth: I want to flip houses because I want to earn more money, so people won't think I'm living off my wife's soft rice!"

Hu Wanjia was rendered speechless, couldn't help but say a couple more lines:

"Being able to eat this bowl of soft rice isn't great? Countless people want a wife like Du Xiaojuan and can't get one! Your wife not only has money, but she's also that beautiful, and she gave you a big fat son — what are you blindly fussing for?"

Wang Dashan let out a dry laugh.

For a moment, he couldn't get any words out.

After a while, he then said:

"General Manager Hu, is there any method that can let me use 8 million in funds to flip houses in Guangzhou?"

Hu Wanjia then said:

"There is, but the risk is quite high."

"What method?" Wang Dashan hurriedly asked.

Hu Wanjia then said:

"Leverage."

"Leverage?" Wang Dashan was stunned.

Hu Wanjia then explained:

"There are quite a few leverage methods; the most common is chain mortgage. For example, you buy a unit, after paying the down payment and transferring title, you immediately take out a business loan or a consumer loan or a private mortgage, use the cash pulled out to buy a second unit, then the second unit is the same — pull a loan again, go buy a third unit, cycling like this in a loop of leverage. As long as the middle links don't have problems, your 8 million in principal can probably get you seven or eight units, even ten units."

Wang Dashan listened, greatly shaken; this works too?