jdhmnovel Chapter 416 Real Estate Investment
Chapter 416 Real Estate Investment
Before leaving, at least one old customer bought a double-sided embroidery product. The few who left empty-handed were the ones who bought the most things. They bought the series of screens that Lin Jinxiu and Shen Niangzi had spent the most time and effort on.
The screen was a large item and the guests could not move it away at once. Lin Jinxiu and Shen Niang promised that after this busy period, they would personally arrange for people to deliver the items to their respective homes.
The booming business on the opening day of Xiu Yun Lou gave Lin Jinxiu great encouragement and confidence. After that, she began to vigorously train double-sided embroidery apprentices. Together with Madam Shen, she relied on her superb embroidery skills and the personal connections she had accumulated in the past to run Xiu Yun Lou prosperously.
Today, Xiu Yun Lou has been open for six years. In this year, Xiu Yun Lou opened its eighth branch. Xiu Yun Lou is the beginning of Lin Jinxiu's entrepreneurial journey, but it is not the only industry in Lin Jinxiu's entrepreneurial journey.
Lin Jinxiu proved with facts that she did have a talent for business, and after making up for her lack of self-confidence, her business ability was undoubtedly revealed. She proved with her own strength that even without the strong background of Piaomiao Pavilion as a backing, she could gain a foothold in the business world with her own abilities.
Lin Jinxiu's next goal is to open Xiu Yun Lou in the neighboring capital of Lanzhou. Her Xiu Yun Lou now has one main store and seven branches. Qingshan County, as the birthplace of Xiu Yun Lou, has only one Xiu Yun Lou.
Originally, Lin Jinxiu wanted to use Qingshan County as the base camp for Xiuyunlou and continue to develop it, but her younger brothers and sisters had to go to the Imperial Examination College and Vocational College in Qingzhou to study, and Lin Jinxiu was worried about them, so she simply opened Xiuyunlou in the capital of Qingzhou.
After opening a store in Qingzhou city, Lin Jinxiu suddenly realized that opening a store in an unfamiliar place was not as difficult as she had previously thought.
As the first Xiu Yun Lou gained a foothold in the central area of Qingzhou City with its strength, Lin Jinxiu successively opened a Xiu Yun Lou branch in each of the three urban areas of Qingzhou City.
During the store opening process, Lin Jinxiu discovered that the rents of shops in Qingzhou City were rising very quickly, and she soon realized that this was a business opportunity.
After carefully understanding the market conditions, Lin Jinxiu began to lobby Madam Shen to slow down the development of Xiuyunlou, and use the money used to open the store and their respective savings to purchase real estate and shops in Qingzhou City.
Madam Shen had never been involved in this kind of business before. After she and Lin Jinxiu jointly opened Xiuyunlou, she retreated to the second line and was responsible for teaching apprentices and controlling the quality of embroidery products. All other matters were handled by Lin Jinxiu.
She didn't understand the changes in housing prices in Qingzhou City, nor did she understand whether Lin Jinxiu's behavior was right or wrong, but since Lin Jinxiu wanted her to participate, she would join in. It would just be a matter of paying some money, and since Lin Jinxiu needed it, she would just take it.
So Lin Jinxiu had some starting capital. Based on her own judgment, she bought two shops and a property, and soon she reaped the benefits.
The benefit was not from the increase in shop rent, but from the property she bought. It was within the new renovation plan of Qingzhou City. In the future, that area would be built into a red brick building and given priority development.
Lin Jinxiu was not blinded by the high compensation, but chose to take the rebuilt shop between the two demolition options provided by the government.
Half a year later, a number of three-story red brick buildings were completed as scheduled on the planned site. As the original owner of the property, Lin Jinxiu exchanged his previous shop for a storefront with three rooms on the first floor of one of the three-story red brick buildings.
With the completion of new vocational colleges in the surrounding area, more and more people moved into the newly built red brick building. The building became popular and market demand was generated. The storefronts on the first floor of the red brick building became the first choice for merchants to open stores, which also caused the rental and buying and selling prices of the storefronts to soar.
Lin Jinxiu knew that as long as the vocational college did not go bankrupt, this place would continue to be prosperous in the next few decades, so she did not sell the storefront, but chose to rent it out at a high price.
Lin Jinxiu estimated that based on the current rental prices, it would only take two years for her to recoup her investment, and for decades after that it would be pure profit. This is simply a highly profitable industry.
Lin Jinxiu wanted to take advantage of Qingzhou City's rapid development, but she had limited funds at her disposal. So after Lin Chuyi returned home, she told Lin Chuyi her analysis of Qingzhou City's development and changes, and invited her to work with her to make money with money and create greater wealth.
As the eldest princess, Lin Chuyi naturally had an idea about the future development of Qingzhou City. However, she did not expect that after her elder sister opened a store in Qingzhou City, she seemed to have awakened her mind. Her business sense was so keen that she guessed 70% of the future development of Qingzhou City based on limited information.
This was an opportunity she left for the people of the three states. She had no intention of getting involved, nor had she given Lin Jinxiu any private tips. But since it was Lin Jinxiu who discovered the business opportunity herself, then as her sister, she naturally had to help her.
So, Lin Chuyi took out the five thousand taels of silver notes that he had intended to use to support Lin Jinxiu in opening a store, but that Lin Jinxiu didn't want. After thinking about it, Lin Chuyi added another five thousand taels of silver notes to make it an even number.
She personally handed the ten thousand taels of silver note to Lin Jinxiu, saying that it was a loan from her sister, and that how many times she could multiply the money depended on her own ability.
Lin Jinxiu knew that Lin Chuyi was not short of money, so she didn't bother to be polite with her and agreed readily.
Next, based on the information he had collected and his own business intuition, Lin Jinxiu used the money supported by Lin Chuyi to start buying undeveloped land and some old properties in Qingzhou.
After the test of time, 60% of the land and properties selected by Lin Jinxiu were included in the construction of the new district.
Lin Jinxiu sold two-thirds of the planned land and properties, and took the remaining one-third for the properties after construction. Due to the large area of the land, Lin Jinxiu finally obtained two entire buildings in the new district construction area.
After selling the land and real estate, the amount of cash in Lin Jinxiu's hands increased fivefold compared to before. She used the money she earned to continue buying real estate, shops, and opening a new branch of Xiuyunlou.
With the start of the construction of Qingzhou City, more and more foreign merchants saw the development potential of Qingzhou City and began to move into Qingzhou City in large numbers.
The influx of a large number of merchants caused the land and house prices in Qingzhou City to rise to a new high in a short period of time. At this time, the little money in Lin Jinxiu's hands was not enough.