Chapter 784: Expensive Land in New York

New York is expensive.

The land price in West Midtown has risen rapidly, and people can see the benefits contained in it.

Some businessmen tentatively contacted the West Midtown Reconstruction and Reconstruction Committee, wanting to get a more detailed plan, so as to judge whether to join the plan.

The joining of more people is obviously conducive to the speed of the transformation of West Midtown.

At the same time, it can also relieve the pressure from the financial aspect. Li Zitao is already considering whether to engage in pre-sale tricks.

Li Zitao didn't know what the house sales process was like in the United States in his previous life. He didn't have much money to go abroad.

However, now, he has a certain understanding of the preparation, construction and sales process of American Real Estate.

If you are building a so-called villa or manor in the suburbs, then you need to find a satisfactory construction engineering company and have preliminary communication with the other party.

After confirming the plan, you need to pay the design fee in the early stage, and then pay 30-50% of the construction cost.

In the mid-term, that is, after the overall structure is completed, 70% of the total construction cost needs to be paid, the last 30%, and 20% when the house is delivered.

The remaining 10 percent will be paid after 6 to 12 months, which is a bit like a warranty deposit.

In the city, most apartments will be open for buyers to inspect and visit in the middle of construction, that is, when they are half built.

If someone is interested in it, you need to pay a certain amount of deposit. After the house is built, you can check and accept it according to the terms agreed in the contract.

If there is any false information, you can refuse to buy, return the deposit, and get a compensation.

But if there is no problem with the building itself and the agreement, you need to pay the remaining house payment according to the current market value.

If the loan is not paid within the specified time, the deposit will be deducted and the house will welcome a new owner.

The amount of this deposit is floating, and generally will not exceed 10% of the total house payment.

It’s like I didn’t see the house in my previous life. I have to pay the full price for a model and a few drawings. I don’t know if the house will be in the end. It hasn’t happened yet.

What Li Zitao wants to do now is the pre-sale model of his previous life.

Wells Fargo Bank reviews the qualifications and credit of customers and provides loans.

Bechtel signs a sales contract with the buyer, and the deposit is paid to the developer, but the bank loan will be put into the custodial account jointly provided by the bank and the developer.

Quantity Surveyors (equivalent to domestic engineering budget and cost consulting agencies) will put forward funding suggestions based on the progress of the project.

After the communication and verification of the law firm is correct, the project will be allocated again to ensure the safety of funds to the greatest extent.

In terms of business, Li Zitao will adopt the method of investment dividends.

For example, a 200-square-meter street-facing store is now selling its profit dividends within a 10-year period. After making an estimate of the profit, it will be priced.

1 million, 10-year profit dividend, A pays 200,000, gets 20%, B pays 500,000, gets 50%, C pays 300,000, and the remaining 30%.

In the next 10 years, all the rental revenue of this shop will be allocated to them in full according to this ratio.

Easier said than done, but first make sure the developer doesn't mess with it.

Naturally, Li Zitao would not do this, what he had to do now was to convince others that he would not do this.

And the most important point is to make people believe that the benefits will be greater than the investment.

If you invest 200,000 yuan and earn back 100,000 yuan in 10 years, this is no different from fraud, and Bechtel will be greeted with countless lawsuits.

Of course, the above figures are all metaphors.

Now, a 200-square-meter shop can cost less than $1 million, even in the peninsula of Manhattan, where every inch of land is expensive.

How to implement the specific plan, he still needs to call the heads of each company to discuss together.

So, back to Li Zitao in New York,

The Bechtel engineer, the general manager of the loan department of Wells Fargo Bank and the partner of Mahathir Law Firm were recruited immediately.

"Guys, is this plan feasible?" Li Zitao handed over the plan he had made to several people, hoping to get an answer from them.

"It is feasible, but the risk is very high. If there is a problem in a certain link, it may cause a large-scale chain collapse, and we will all be sued at that time."

The new general manager of Wells Fargo, from a professional point of view, does not recommend this.

"There are too many things we need to ensure, from materials, capital supervision, appropriation, etc., which require a lot of professional knowledge and external personnel."

The senior partner of Mahathir Law Firm shook his head, looking a little embarrassed.

"We have no problems." The only good news is that Bechtel's engineers did not create new difficulties for him.

He understands the worries and hesitation of Fu Quoc and Mahathir Law Firm.

Although these companies are all dominated by Li Zitao, and even fully hold the shares, a job is completed by independent individuals.

There are too many loopholes that can be exploited in this plan, and no one can guarantee that no one will be tempted by interests and cause some serious consequences.

When it was time to give an explanation to the public, Li Zitao, the big boss, was definitely fine, and it wasn't the direct leaders of these projects who were thrown out to take the blame.

To be honest, with their current status and income, there is no need to take any risks.

"What if it has my signature?" Li Zitao said with a smile as he tapped his finger on the handrail.

"Your Excellency, we don't have to take risks at all. Whether we need loans or real estate financial guarantees, we can easily obtain sufficient funds..."

The representative of Fuguo didn't understand why Li Zitao was obsessed with the pre-sale plan, and why he insisted on attracting Fuguo.

"Is it possible to change the future?" Li Zitao said with a playful smile.

Of course they would not understand that Li Zitao was preparing for the future.

Don’t the tycoons in Hong Kong like to sell uncompleted properties? Isn’t the reform and opening up aimed at stimulating the economy with pre-sales and driving the country’s development?

Li Zitao needs to gain fame first, and it is best to be able to directly enter the eyes of the big bosses at the time of reform and opening up.

If he can be invited back to China to teach his experience, Li Zitao dare not say that he can resist the rise of housing prices and prevent pre-sale houses from becoming big and small pits. This is something he can try.

As a P citizen, Li Zitao has no big ideals, and occasionally does things with hesitation, especially when it comes to the Far East.

But he does want to do something, especially for the Far East 49 years later, and he looks forward to seeing that day come soon.

If, just if.

To be invited to stand on Tiananmen Square and watch that great moment, Li Zitao felt that he had lived up to this life.