Losing Money to Be a Tycoon

cost more than twenty million yuan.
Once Liang Qingfan saw the room configurations, he immediately understood.
“Boss Pei, you want to buy a residential-commercial building?”

Pei Qian nodded.
“That’s right.”

Liang Qingfan didn’t say anything more.
Since Boss Pei was sure that he wanted to buy a residential-commercial building, he would be familiar with its flaws.

Of course, Pei Qian was familiar with its flaws.
However, those formed the reasons why he wanted to buy a residential-commercial building in the first place.

Compared to ordinary residential buildings, he could only hold ownership of residential-commercial buildings for shorter periods.
He would also have to pay for utilities, electricity, property management, and carpentry according to commercial standards.
That meant living expenses would be higher.

On the whole, there would be high living density in the area, too.
The apartments would be small and wouldn’t face north or south.
It wouldn’t be as comfortable.

Pei Qian considered this: although residential-commercial buildings were generally thirty to forty percent cheaper than residential buildings, they had the poor potential to appreciate, higher living expenses, and shorter ownership periods.

Pei Qian would also have to fork out more money to renovate the building.
Wouldn’t his chances of incurring losses increase?

As for why he wanted to buy a new building…

There were older residential-commercial buildings, but he needed to hire butlers and cleaners for the Sloth Apartments.
Moreover, he would have to buy the entire building to start planning that.
For older buildings, he ran the risk of not being able to purchase the entire building because one or two households were unwilling to move out; that was unless the buildings had remained empty for a long time, and the owners were eager to sell them.

Thus, buying a new building would save Pei Qian the trouble.
Even if a few apartments had already been sold, Pei Qian could buy them back for a slightly higher price.

Pei Qian looked around.
The apartment was squarish and not much different from ordinary lofts.
The first floor contained a living room, a dining room, and a kitchen.
However, there was no gas stove.
Tenants would only be able to depend on an oven, a microwave oven, and an electric stove.

Pei Qian nodded quietly.
Yes, this was quite satisfying

The second floor was quite simple as well—it was just a bedroom.

Pei Qian scanned his surroundings and discovered that the living conditions were not bad.
However, it was quite small.

That meant that, if he stuck to the extremely minimalistic style of renovations, the house would not be able to contain much else.
Tenants would not have a good experience living here in reality.

In addition, the rent would be high because of the building manager, cleaners, and utilities.
Thus, Pei Qian was confident that pretentious, cultured youths would not be able to bear renting an apartment.

After making one round around the apartment, Pei Qian felt satisfied.
He faced Liang Qingfan and asked, “Mr.
Liang, do you think this price is appropriate?” Liang Qingfan pondered for a moment and said, “It’s quite high, but it’s acceptable.
Still, the biggest problem is—”.

Pei Qian did not wait for Liang Qingfan to finish speaking.
Instead, he turned to Little Sun and said, “Alright, buy it.
Notify Assistant Xin, and then we’ll go and look at the next building.”

Liang Qingfan: “…”

The middleman had not followed the group in but had been waiting at the entrance the entire time.
When he saw Pei Qian starting to leave after making one round, he quickly moved forward.
“Sir, if you’re not happy with this apartment, there are others to consider-“

Without stopping, Pei Qian said, “I’ll buy this building.
Someone will come by in the afternoon to sign the contract.” Liang Qingfan followed behind Pei Qian, swallowing his reminder to Boss Pei about the flaws of such an apartment.
The middleman watched as the three men left and blinked in disbelief.
At that moment, he had no idea how to react.

Buy? The entire building?

Is he playing a prank on me?

After leaving Shundong Gardens, Pei Qian and Liang Qingfan arrived at the second locationBlock 9 of Binhu District.
Since it was located on the outskirts, it had taken forty minutes for them to get there.

There was a park near Binhu District, and there was a man-made lake in that park.
Upstairs, one could enjoy the view of the park.
The higher up one was, the better the view.

There were eight stories in Block 9, with one lift and two apartments on each story.
Blocks 8 and 9 were side-by-side, each having a semi-circular column sticking out and facing the park and man-made lake.
Each apartment was sixty square meters large, with two bedrooms and a living room.
It was going for eight thousand yuan per square meter, which added up to five hundred thousand yuan per apartment.
Since the entire building had eight levels, it cost about eight million yuan in total.

That was obviously lower than the average price of property in Jingzhou City.
On one hand, it was because it was located on the outskirts.
On the other hand, it was because it had remained empty for a few years; no one had even wanted to rent an apartment.
Naturally, the price had been declining for years.

The middleman led Pei Qian and the others to the top of Block 9.
Directly in front of them was an arc French window that offered a 180-degree view of the outside.
One could see everything with a single glance.
Pei Qian frowned.
He wanted to back out immediately.
However, when he saw Liang Qingfan frown as well, he changed his mind.

“Is there a problem with this house?” Pei Qian asked.

Looking disgusted, Liang Qingfan answered, “Of course! Why else would the building still be empty now? “The entrance and aisle are only 70 cm wide.
That’s so narrow-transporting any furniture inside would be extremely difficult.
What’s more, this building was built ten years ago.
The waterproof layer is damaged, and the ceiling is full of mildew.
You can even see watermarks at the corners of the wall.
If you want people to live here, we would have to redo everything

“The kitchen is located in a small corner in the living room, and the bathroom is very small.
Living here would be very inconvenient.

“What’s more, this arc French window has the same problem as the one at Dawn of Prosperous City.
The arc is irregular, and the space can’t be maximized.

“Still, the apartments at Dawn of Prosperous City were big, and so it didn’t feel that bad.
This apartment is much smaller.
If we can’t maximize the use of this space, living here would be much worse than living in Dawn of Prosperous City.
“On top of that, the structure of the apartments seems problematic.
There’s a reason why they’re so cheap.
If ordinary designers and renovation companies wanted to, they could have easily bought the apartments and renovated them.

“However, no one wants to stay here or renovate the place.
That means it would probably be very difficult to modify these apartments, so that even ordinary renovation companies don’t want to try!

“All in all, the structure of the apartments wouldn’t allow for large-scale modifications.
Either that, or it would be extremely difficult.

“Scarce landscapes only have value in the luxury housing market, but it’s completely worthless in the general housing market.
Not only would it have no premium, but it may even be the cause for lowering the price.”

Pei Qian nodded.
“I understand.
Little Sun, I’ll buy this building and the adjacent Block 8 as well.”

Liang Qingfan: “?” Did Boss Pei not listen to a single word I said? It was fine if he wanted to buy one building, but he was buying two buildings at one go.
That was 16 million yuan in a single breath!

If Liang Qingfan had found the previous residential-commercial building barely acceptable, this one was completely unacceptable.
He had to try dissuading Boss Pei!

“Boss Pei, I already said that it would be extremely difficult to modify this building.
We don’t even know if we can make modifications to begin with…”

Pei Qian smiled and patted him on the arm.
“That allows us to judge the designer’s standard better, right?”