fictionpage Chapter 51 Guo Xiaoyan Wants to Buy a Shop
Chapter 51 Guo Xiaoyan Wants to Buy a Shop
Looking at the phone that had just been hung up, Mao Xiaoyu was even less inclined to return the money to the financial institution and get her property certificate back. After all, her parents wouldn't be back until at least July, and by then the demolition and relocation arrangements would be finalized, so she wouldn't be short of the money. It didn't matter whether she returned the money now or not, since her parents were already home and wouldn't find out.
Looking at the drizzling rain outside, and judging by the weather, it seemed like it would rain all day. Mao Xiaoyu was used to it; after all, it was June, and that was how the rainy season was. Mao Xiaoyu glanced at the time on her phone; it was past nine o'clock, time to get up.
I got up, got dressed, brushed my teeth, and washed my face. It took me more than twenty minutes to finish all that. After that, I took an umbrella and strolled leisurely for more than ten minutes to get to the real estate agency.
The reason she didn't ride an electric bike is because it's the rainy season recently, and it rains frequently. Riding an electric bike would be torture, so Mao Xiaoyu hasn't ridden her electric scooter much lately. It's been left at the real estate agency for the employees to use.
As for Mao Xiaoyu going to the hospital to bail people out, she always takes a taxi. After all, Mao Xiaoyu's house near the hospital is very close to the hospital, just a short walk away. Many tenants walk there with her, so there's no need for an electric scooter.
Moreover, with the recent rainy season, the electric scooter was covered in water, and neither Mao Xiaoyu nor the tenants wanted to ride on it. Therefore, whether the scooter was near the hospital or not was not very important to Mao Xiaoyu.
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They arrived at the real estate agency, probably because Mao Xiaoyu had recently bought the house she needed.
In addition, during the rainy season, it is not very convenient for customers to come to the store or for employees to go outside.
So, the employees who didn't come to work were fine, and those who did come to work just stayed in the store.
This made the already small shop of 30 to 40 square meters feel cramped, with desks, employees, and the gloomy atmosphere due to the rain.
"Yanzi, let's go, let's go find a place to talk." After arriving at the agency, Mao Xiaoyu didn't rush to the hospital. Instead, she greeted the employees and then whispered to Guo Xiaoyan, who was busy in the office.
Upon hearing Mao Xiaoyu's words, Guo Xiaoyan looked up and glanced around. Knowing that it wasn't appropriate to speak in a real estate agency, she nodded and followed Mao Xiaoyu out of the agency. The two then went into a coffee shop.
The two ordered a coffee, and after the waiter left, Mao Xiaoyu spoke up, "You see, there are quite a few employees in the shop. And I probably won't be buying another house, so keeping so many employees in this shop isn't necessary. You see, taking advantage of the rainy season when business is slow, we should try to open a second shop so we can find other ways to reassign the extra staff?"
"The second store has been arranged, but as you know, it's not easy to find a store. I've already gone to check out the area you mentioned. There are only three vacant stores on that street. One of them is too small, only about 10 square meters, which is definitely not enough for our real estate agency."
The other one was too big, over 100 square meters upstairs and downstairs, exceeding the size we needed. There was another store, about 50 square meters, slightly larger than ours by about 10 square meters, which seemed just right to me.
"However, the owner prefers to sell, so he's not very interested in our rental. As for the price, the owner isn't asking for too high a price, only around six hundred thousand," Guo Xiaoyan said.
"Isn't this guy who sold the shop a complete swindler? Shops sell for a high price, but the taxes are also high. We bought it for over 600,000, but he won't get that much money. He might only get 200,000 or 300,000 after taxes. Why sell it for that little bit of money? He could just rent it out for a few years and get the money back." Mao Xiaoyu felt a bit confused, since the taxes on selling shops were so high.
"I heard the whole family is planning to immigrate to the United States and wants to sell all their assets in China, so this shop is also going to be sold," Guo Xiaoyan said.
"So you're saying you want to take over the shop?" Mao Xiaoyu asked casually.
"We do have that idea. After all, it's only 600,000 yuan for 50 square meters, which is just over 10,000 yuan per square meter. It's really cheap. If we buy it, we can save at least 30,000 yuan in rent per year. Besides, the real estate agency has over 200,000 yuan in cash in its account. With that much money, we can easily afford the down payment for a shop," Guo Xiaoyan said without any hesitation.
"Have you thought about how you plan to acquire this shop? Will it be under a private name, another company's name, or a real estate agency's name? You need to know that the tax rate will be different for each different name under which the shop is acquired," Mao Xiaoyu asked.
"Now that you ask, I really don't know what the difference is." Guo Xiaoyan was genuinely confused when she heard Mao Xiaoyu's question.
"Don't tell me you don't know, I don't know either. After all, there are too many miscellaneous taxes involved. If you're not a professional, you simply can't understand it. But there is one thing I do know: if an individual buys a storefront and wants to sell it later, the capital gains tax will be terrifying."
For example, this storefront you're interested in, you might buy it now for 600,000 yuan, and later it might appreciate to 2 million yuan and you want to sell it. But you'll have to pay at least 700,000 to 800,000 yuan in taxes to sell the property. In the end, the selling price of 2 million yuan might not even reach 1.2 million yuan, and that 1.2 million yuan includes the 600,000 yuan principal.
Therefore, if an individual wants to buy a storefront, it's best to think it through before buying. Moreover, once the storefront is purchased, it's best not to plan to sell it again. After all, the value of a storefront will definitely increase over time, and if you sell it later, you will have to pay more taxes, which is unavoidable.
Of course, in my opinion, it's better to buy a house in the company's name than in an individual's name. However, it's not advisable to buy a house in the name of our real estate agency. After all, our agency needs to do business and open shops in the future. Having too many properties would easily cause various asset problems, and it would also be difficult to clarify things when the agency's assets are liquidated in the end.
In my opinion, a real estate agency is a low-asset company, so it's best to avoid putting assets under it. Therefore, if you want to buy this storefront, it would be best if the two of us started a separate new company and purchased the storefront under the new company's name.
When someone no longer wants to own the storefront, they can sell the company. The biggest advantage of this is that they don't need to go to the housing management bureau to transfer the ownership, which saves a lot of money. However, there is one point: if the storefront belongs to the company, a fee needs to be paid every year, which is the same as if an individual owns the storefront and does not need to pay a fee.
"Comparing the two, one is comfortable at first but difficult later on. The higher the property value, the more taxes you'll pay when you resell it. The other involves paying a small amount of money every year. When you actually transfer ownership, you only need to sell the company, so there's no property transfer tax. But you still have to pay some tax every year, and if you don't rent it out, you'll have to pay out of your own pocket," Mao Xiaoyu said.
"You say you don't understand? You speak so eloquently, you know far more than I do," Guo Xiaoyan said with a smile.
"I only know a little bit about it, and I'm not very clear on many things, but I do know that for ordinary people, buying a storefront seems like a good deal, but if you want to sell it, it's a trap because there are too many taxes involved. So when you have money in the future, it's better to buy a house. At least after you buy a house for two or three years, there will be no more value-added tax. If you want to sell it later, the most you'll have to pay is a little more deed tax, but that tax is much less than the value-added tax," Mao Xiaoyu kindly reminded her.
Some people might think that Mao Xiaoyu revealed too much, knowing that housing prices would rise in the future and asking everyone she met to buy a house, which is too much of a saintly act.
But in Mao Xiaoyu's view, buying a house is a kind of emotional attachment for Chinese people, and it would be strange if she didn't encourage people to buy houses.
Besides, it's just a casual remark, not a loan for someone to buy a house. It's a small favor with no cost, just a matter of a few words.
That way, if someone buys it and makes a profit, they'll be grateful if they do, and if they're not, that's fine too, and I won't offend anyone. As for those who don't buy it, that's none of my business.
Besides, can all the houses in Shanghai be bought? No, they can't be bought all. So, in Mao Xiaoyu's view, asking others to buy houses is just something she says casually. People can listen if they want, or not if they don't.
Moreover, if Mao Xiaoyu makes a fortune from the house later and others regret it, they can't blame Mao Xiaoyu; they can only blame him for being short-sighted. After all, Mao Xiaoyu reminded him to buy the house, which also gave Mao Xiaoyu a clear source of income in the future.
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At this moment, the waiter brought over the coffee, placed a cup in front of one person, and then left.
"Is it because you like residential properties that you bought so many houses?" Guo Xiaoyan stirred her coffee with a spoon and asked casually.
"Of course, what else did you think? I have a high overall outlook on Shanghai's real estate market, so I've decided to hoard a batch of properties and sell them off in a few years." Mao Xiaoyu was a little confused by Guo Xiaoyan's question, but she still answered insincerely.
"But I'm hearing more and more rumors that this area is going to be demolished. Isn't it because you heard the rumors first and knew that this place was going to be demolished that you bought a house here? After all, the way you buy a house is really risky." Guo Xiaoyan stared at Mao Xiaoyu's expression and said calmly.
"Really? If that's the case, then that's even better. I'm actually looking forward to the demolition. But unfortunately, nobody knows whether this place will be demolished or not. After all, demolition planning is something that two small people like us can't know about."
"Of course, if the land is demolished, it's just because I'm lucky. After all, sometimes people's luck is just unreasonable. They might win five million by buying a lottery ticket, right?" Mao Xiaoyu said calmly without showing any emotion after hearing Guo Xiaoyan's words.
"So, this place might really be demolished. If that's true, then you're in luck." Guo Xiaoyan sensed a flaw in Mao Xiaoyu's words and said with a half-smile.
"Who knows what will happen in the future? But I do know that there are three ups and three downs in a person's life. That is to say, there are three opportunities to get rich in a person's life. If you seize them, you will get rich. If you don't seize them, you can only become one of the masses."
Of course, even if you manage to seize the opportunity, there will be setbacks later. Therefore, you have to be careful with every step of your life, and you have to keep a calm mind whether you make money or lose money.” Mao Xiaoyu did not answer the question about the demolition directly, but instead spoke some philosophical words.
After all, the demolition notice would be issued in a month at most, or at least half a month. Now that she had bought the house she needed, there was no need to hide it anymore. So Mao Xiaoyu dared to slowly speak out some of her thoughts.
"So that means you seized the opportunity to fly this time?" Guo Xiaoyan pressed on.
"That depends on what you think. Let's not talk about this for now, it's useless anyway, since who knows? Let's talk about this storefront. Since you want to take this storefront, you need to hurry. You can use a copy of my ID and a copy of your ID to open a shell company, and then use that shell company to acquire the storefront." Mao Xiaoyu didn't want to talk much about the demolition and changed the subject directly.
"But where did the money to buy the storefront come from? It was transferred from our real estate agency," Guo Xiaoyan asked.
"Taking it out would incur taxes, so there's no need to take it out. How about this: at the end, we'll sign an IOU, and the new company will borrow 25 from the agency. The agency will deduct 4 from the rent every year. We'll talk about it when the deduction is finished."
"As for that storefront you mentioned, it costs over 600,000 yuan. You can get a loan of 300,000 yuan from the bank first, and then add another 250,000 yuan. If we're short about 100,000 yuan, we can contribute the funds in a 30/70 ratio. I believe you can come up with that amount of money," Mao Xiaoyu said.
"Okay, you give me 7 and I'll give you 3, that should be about right," Guo Xiaoyan said through gritted teeth.
Hearing Mao Xiaoyu's words, Guo Xiaoyan was really embarrassed to say that she couldn't even come up with 3 yuan. But now that things had come to this point, Guo Xiaoyan planned to borrow a few thousand yuan from Xue Guangmei to scrape together 3 yuan to buy a storefront.
"Then hurry up here, get the storefronts secured first, set up the real estate agency, and transfer the staff over. If that's not enough, send a couple more people over to run the business and get the market out there first," Mao Xiaoyu ordered.