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Chapter 38: Preparing to Flip Houses
Chapter 38: Preparing to Flip Houses
Chapter 38: Chapter 38: Preparing to Flip Houses
Little An’an was actually quite happy.
Especially after her parents weren’t short of money, she got whatever she liked.
The love her parents had for her, of course, came from the bottom of their hearts.
Seeing her bored at the headquarters, they would even have her aunt Chen Qi take her out to play.
She’d been on vacation for over a month and had played so much she’d gotten quite tan.
And along with that, her aunt Chen Qi had also gotten a bit darker.
“You two haven’t eaten yet, have you?”
Song Yanxi found a seafood buffet that seemed pretty good and decided to take them to try it.
Chen Qi was currently working in finance at the company, earning a monthly salary of seven to eight thousand, with fairly flexible work hours.
She came in her own Audi A4, and at her age, driving this kind of car actually helped her avoid a lot of unwanted attention.
As the saying goes, those who work at factories or earn just thousands a month can’t possibly chase after a pretty girl who drives an Audi, right?
Wouldn’t they feel embarrassed?
If she drove a Panamera, she guessed she would probably stay single forever.
The ones suitable for her wouldn’t dare to chase her, and those who dared were definitely not suitable for her.
Little An’an was quite the little foodie, though small in size, she really ate a lot.
She would eat a large shrimp in one bite without hesitation.
When Du Juan started a conversation about beauty and maintenance with Song Yanxi, Chen Qi learned that her brother was thinking about opening a high-end beauty salon.
“Sister-in-law, why didn’t you tell me that my brother wanted to open a high-end beauty salon?”
“You didn’t ask, he just mentioned it casually, thinking that beauty salons could be pretty profitable.”
“Beauty salons aren’t just profitable, they’re incredibly lucrative!”
After all, Chen Qi had worked as a receptionist at a beauty salon for a few years, one that was quite famed in Sha City.
“Let me put it this way, the French treatments you were discussing today, the products are actually worth at most a few thousand, the rest—aside from the beauticians’ labor fees and some sales commission—are all profit.”
“A treatment that costs sixty-eight thousand, and the products are only worth a few thousand?”
Song Yanxi was surprised, thankful she hadn’t been the foolish customer.
“Otherwise what?”
Chen Qi explained, “The most important thing about running a beauty salon is the clientele. It’s not like selling fruit; those who can afford to go to a beauty salon are essentially wealthy clients, only such clients can truly afford the services, and a high-end salon that does well can make at least eight or nine million in net profit a year.”
Exaggerated, indeed very exaggerated.
The more she thought about it, the more Song Yanxi felt that there was potential in beauty salons.
Her man had already invested in the entertainment industry and had shared his true intentions with her.
If they could nurture a few celebrities in the entertainment industry, with some star power, they wouldn’t lack in customer resources.
What they really lacked now was a knowledgeable person.
After all, Song Yanxi herself couldn’t possibly provide beauty treatments for people.
“Little Qi, if you have resources in this area, do try to help your brother look out for opportunities. If he opens a beauty salon, you won’t have to invest a single cent for the first store, your sister-in-law will make the decision and give you a quarter of the shares.”
Her man only had this one younger sister. He couldn’t always have her working for a salary of seven to eight thousand.
This income wasn’t low in Southern Province, but it wasn’t much in the Capital.
Real estate prices were still skyrocketing.
Just their small townhouse had gone up to thirty-five thousand per square meter in just a few months.
That had made them a few million richer without any effort.
Real estate really was somewhat frustrating.
Song Yanxi thought, if her sister-in-law really settled in the Capital,
She, as a sister-in-law, would still have to provide her with an apartment.
It didn’t need to be too big, around a hundred square meters would suffice.
She needed to give her a home.
A young lady relying on herself to compete, when could she afford to buy a home?
She planned to go home and discuss this with her man.
As for her younger sister Song Wu, she didn’t need to worry.
If she didn’t make it big in the entertainment industry, she would just wait to inherit their family property in the future.
As an elder sister, her most she could do was not to compete with her.
Chen Qi hadn’t even thought about it yet, but her sister-in-law was already considering real estate for her.
The main reason was the fierce housing prices; the sooner you buy, the more money you save.
If you buy late with this momentum, you might just get stuck at the peak.
That would be an even bigger loss.
Song Yanxi still had her own considerations; she couldn’t just leave her money sitting idle in her account.
She had to figure out a way to make money from money.
Speculating on properties was undoubtedly the best choice.
Her eyes brightened; what a great idea.
The corners of her eyes nearly creased into a line from smiling.
Chen Qi was thinking about poaching her former colleagues, but then she asked, “Sister-in-law, how much is Brother planning to invest in opening a beauty salon?”
“If our family is doing it, we will certainly only operate at the highest end.”
Song Yanxi considered and said, “The first store is projected to have an investment of three million.”
Three million spent solely on lavish furnishings; that would definitely be ultra-luxurious.
It would be many times better than the one they visited today.
Song Yanxi continued, “Your brother and I don’t really understand beauty care; the person in charge in the beginning is crucial. Whether she is competent enough can determine the success or failure of the store, so I can decide; she doesn’t need any investment and we will give her a free 20% equity.”
Twenty percent of three million calculated; that would be six hundred thousand.
With such conditions offered, there would definitely be people interested.
After all, most beauticians are girls from rural areas; having worked for so many years, there are few who can bring out hundreds of thousands to start a business directly.
Unlike them, these investors in beauty salons, who have money but not the skills.
Only through collaboration can there be a win-win situation.
This was also something her man always advocated; if you want to collaborate with someone, you must let them make money.
Only then will others wholeheartedly work with you.
Zhang Tao, Liu Jing, these people were all examples.
Without them, their family’s fruit business couldn’t possibly have developed so rapidly.
Song Yanxi was also learning by example.
When she got home, she discussed this matter with Chen Pingsheng.
He had no objections; on the contrary, he thought it was a good idea.
However, when she thought about speculating in real estate, Chen Pingsheng was silent.
Speculating in properties was definitely profitable.
But given their current situation at home, unless they used the fruit shop’s public funds for speculation, they could only afford two or three properties a year at most.
Whatever extra they could make was beneficial.
The hardest part about making money was the initial stage; once you had initial capital, making money wasn’t so difficult.
“There’s a purchase limit in Capital City; if you want to speculate in real estate, do not use loans, and prefer buying pre-owned rather than presale properties.”
“Honey, why are you so against buying presale properties?” Song Yanxi was puzzled.
“In today’s real estate market, you can only buy new properties as presale.”
Chen Pingsheng explained, “You’re in business, and you still don’t understand what presale is?”
“Real estate companies buy a plot of land, then get a loan from the bank with this land, and next they develop the land.”
“They barely lay the foundation before they start selling condominium presales, then use the buyers’ money to develop other lands.”
“Do you realize how high the financial risks involved here are? I feel that if real estate continues like this, it’s only a matter of time before a major bust, which could potentially crash the entire Huaxia economy.”
“Is it that serious?”
“I hope I’m just overthinking it,”
Chen Pingsheng said, “If you use your own money to speculate on real estate, I definitely won’t oppose it, as long as you don’t use bank loans. If you pay in full, no matter how the real estate market changes, our family wouldn’t face any risks.”
Song Yanxi thought it over, and it made sense. Their family had passed the initial accumulation stage.
Now, they were involved in various businesses, including fruit supermarkets and entertainment industry investments.
And now they were also preparing to open a beauty salon.
Speculating in properties was merely a side business; it was better to be conservative.