Chapter 228 Market Potential
Thanks to the dividends from bulk purchases, Carter found that simply registering a construction company was no longer enough...
If a house with a market price of US$50,000 is able to reduce the total cost to US$32,000, it is not worth it to just earn such a small amount of hard-earned money.
But if you are setting up a real estate company, and then join forces with construction companies to do community development in batches. Create an area for several households, get some supporting green plants, beautify, and develop small roads...
In such a beautiful community, a house can be sold for 45,000 yuan. Isn’t it too much?
What? Not enough money? It’s easy to say, let’s get a loan!
Except for Atlanta, the first-class city in Georgia, housing prices in other places are generally not high. For a house that costs about US$40,000 to US$50,000, Carter calculated that if it is mortgaged to banks in various places, he can get a loan of about US$30,000.
A mortgage of about 4,000 to 42,000. After subtracting the cheaper land purchase expenses, it is conservatively estimated that the money these people will spend to buy a house will not be less than 32,000 US dollars.
If you list the price for sale at 45,000, then the maximum loan requirement is only 13,000...
It sounds like a lot. After all, a loan of 10,000 US dollars for one household and 3,000 households would require a huge amount of 30 million. But think about the profits and spend some money on supporting facilities. You can earn at least 7,000 US dollars more for your own house.
The original profit of two to three thousand US dollars.
The net income is exactly about 30 million. Moreover, if the funds are not enough, the deposit interest rate can be increased to attract savers to deposit. Douglas people should have some money in their hands recently...
Just labor expenses...
2,500 people have families to support, loans to repay, and construction is physical work, so the basic salary cannot be lowered. It should be at least US$500 per person. In this case, the monthly salary for construction alone
The expenditure will be US$1.25 million...
For this project, the completion of 3,000 houses is estimated to take only half a year at the earliest. In this half-year, the salary expenditure will be 7.5 million and the income will be 30 million. After subtracting some equipment expenses such as excavators, the profit is expected to be around 20 million. So if we lend
, there will be another 10 million funding gap.
Can these 10 million be properly resolved...
"Carter! Carter! Someone is looking for you, what are you thinking?!"
Just as Carter looked at the settlement in front of him and fell into deep thought, his arm was suddenly patted by Benjamin next to him. Carter, who suddenly woke up, turned around and suddenly saw two unexpected people...
"Uncle Duke? Kazim, what's the matter with you coming here?"
"That...is something, we want a loan!"
"Loan? Just go to a bank for a loan. Did something happen to your family? How much does it cost?"
Carter was stunned when he heard this. On the one hand, the business problem is, on the other hand, what about the demand?
Could it be that the Duke family has recently...
"No, no, no, no! It's... it's like this. It's a bit embarrassing to say it. The maximum mortgage loan for our family's home can only be 40,000, but I want to borrow 100,000, and I also plan to pay back your lawyer's fees this year.
,I also...I want to open a furniture factory."
Duke's dark face was a little embarrassed, but thinking of his goal, his heart suddenly became hot again. He walked closer in two steps, and Duke pointed to the residential area at the foot of the hillside:
"With so many people coming in, I thought the furniture would definitely sell well. So, I wanted to take a chance and open a furniture factory to make furniture and sell it to them. We black people used to make furniture ourselves, because in those days, we didn't know how to buy furniture.
It is at least 30% more expensive than white people. I have learned the craft of furniture making from my father since I was a child. I think I can do this business!"
Furniture...furniture...yes! furniture!
"Did you make the furniture in your home yourself?"
Before making a decision, Carter asked first. Carter had seen Kazim's dining table and coffee table. The quality was indeed good, and the appearance was not ugly. If Duke was willing to start a furniture business, that would be helpful.
Take a lot of pressure off yourself.
"Yes! I used my own saw, got the wood myself, and cut it myself. I only have few tools and not enough people, so I want to borrow more money and make it bigger, but I don't know this.
..”
As the saying goes, a penny can stump a hero. Duke asked himself about his craftsmanship and found that he was not short of it, but he had funds...
How huge is the demand for furniture for three thousand households?! Just beds, at least 9,000, coffee tables, dining tables, 3,000 each, and stools, at least tens of thousands...
"No problem, if you want to build it, make it bigger. I will give you a loan of 1 million, but I have a requirement. You can recruit at least 100 workers for me and purchase some more efficient equipment. After all, the construction speed here is very fast.
Quick!"
Duke's words seemed to open a door to a new world for Carter.
Perhaps because he was used to solving problems alone before, Carter almost ignored the initiative of others. Just like Duke saw the furniture market at this moment, he came over to ask for a loan.
Carter believes that he is definitely not the only one eyeing this industry. By then, these furniture factories will have other possible supporting market needs, and he will not need to solve the problem of 2,500 people by himself.
But he can earn three thousand people’s money!
"A million dollar loan... don't mortgage it. Your house isn't worth the money even if it's mortgaged. Correspondingly, I can't give you the money directly. The money will be placed in the bank and you need to buy it."
What equipment, what venue to rent, take the contract and go to the bank to find Goodman, and then we will transfer the money directly to the other party's account."
"Don't worry, we won't interfere with your business. As long as the money needs are reasonable, I guarantee you that there won't be any delays!"
"Okay, okay! I believe it, I believe it, but I'm a little worried, will one hundred people be too many? The monthly salary is fifty thousand US dollars, I..."
"Hahaha, don't worry. You've seen this demand, haven't you? Are you still worried that you won't be able to make this money? As for after this wave of money is made, you can think about the next things?"
Make the money in front of you first and then think about the future!
Carter said this to Duke, and he also said it to himself!
The very next day, when the dog real estate company's registration application was submitted to the corresponding state enterprise registration department, the auditor looked at the familiar name and the funny dog head logo and wondered why this small place suddenly suddenly
Two companies were registered at the same time.
In Douglas, a feast for grabbing people also kicked off!
That’s right, it’s just robbing people!
The new addition of more than 10,000 people will have a far greater market impact than Carter, a half-assed person, expected. Not only his own construction companies and real estate companies need to recruit people, but also new companies like Duke need to recruit people.
Furniture companies need to recruit people, and various supermarkets, convenience stores, restaurants, vegetable logistics, etc., almost all industries related to people's livelihood and daily necessities, have begun to expand their recruitment.
Carter was a little surprised at first, but after thinking about it, it seemed normal...
After all, various industries that could only supply the demand of about 50,000 people now suddenly have more than 10,000 people on the demand side. Does the supply side also need to increase accordingly?
After going back and forth, until June 5th, Carter suddenly realized that the market potential was far greater than he had imagined...
Chapter completed!