Rebirth of a Top Student's Handbook

The next morning, after Zhou's mother left, Zhou Min pulled Zhou's father to pack the family's property certificate and business license into a box. Zhou Min knew that her mother would definitely stop them if she saw it.

Even though Zhou's father didn't agree with it, he could only watch helplessly as Zhou Min packed all the asset certificates into her backpack.

Zhou's father thought he would gradually dissuade Zhou Min from her idea once they arrived at their destination.

However, once they arrived at their destination, everything was out of Zhou's father's control.

Zhou Min had clearly done her homework in advance; she was not only very familiar with all the new properties for sale in the capital, but also knew a good idea of ​​the prices of second-hand homes.

As soon as Zhou Min arrived in the capital, she went to a real estate agency to inquire about secondhand homes. Because the secondhand market had not yet been speculated on, secondhand homes were much cheaper than new homes, but good homes were hard to find.

Zhou Min contacted several real estate agencies, but in the end, she only selected four second-hand apartments. One of them was a 158-square-meter, four-bedroom, two-living-room, two-bathroom apartment next to the Capital University, which Zhou's father was relatively willing to accept. As for the other three, Zhou's father did not like them at all. If Zhou Min hadn't kept saying that apartments in the capital were easy to rent out, he would never have bought them.

The real estate agent also said that it's rare to see such a new secondhand house, and because the owner urgently needs money, they need to pay in full upfront. Since the total price of a large apartment is relatively high, the price will be relatively low. A 158-square-meter house for just over 100 million yuan is quite a bargain.

When viewing the property in person, Mr. Zhou's hesitant and reluctant attitude led the original owner to lower the price again and again. In the end, he bought the 158-square-meter house for 980,000 yuan. The other three old houses were only 50 or 60 square meters, with lower prices and the option to take out a loan. The total down payment was less than 300,000 yuan.

After calculating the store's revenue, Zhou's father reluctantly agreed. Just when he thought everything was over, Zhou Min went to the pre-sale office of the new housing development to look at apartments.

Despite repeated attempts by Zhou's father to dissuade her, Zhou Min refused to listen. Watching the back-and-forth between Zhou Min and the salesperson, her father could only silently shut his mouth. He could only watch helplessly as Zhou Min reserved four apartments in two pre-sale developments in the city center with a 20% down payment.

Not only did he spend all the money in Zhou's father's and his own cards, but he also called Sister Zhang on the spot and borrowed more than 60 yuan to pay the down payment. The loan application was processed very quickly. The sales office staff went directly to the bank to print out the bank statements of the shops under Zhou's father's name and submitted them. The bank quickly helped to process the application.

Back at the hotel that evening, Mr. Zhou was too tired to say anything, even though he had a lot to say. By the next morning, he had completely accepted the situation.

"Think carefully about how you're going to tell your mother when you get back," Zhou's father said weakly.

"Just tell her you bought some financial products," Zhou Min said, though she was also a bit afraid of her mother.

"Are you kidding me? Your mother is extremely sensitive to money." The more Zhou's father thought about it, the more worried he became. Before leaving, he had discussed with Zhou's mother about buying Zhou Min an apartment in the capital, and Zhou's mother had agreed. But now, not only had they invested all their savings, but they were also in debt for several million yuan. No wonder Zhou's mother would fight him to the death.

"It's an investment, after all. The appreciation potential of houses will definitely be higher than that of investment products in the future." Zhou Min was tempted by the thought of high-end properties that would cost hundreds of thousands of yuan per square meter in the future, and wished she could scramble for more money and invest it all in the real estate market.

"Come on, look at the house we bought yesterday. They sold it for half the original price, plus the renovations, so we lost at least several hundred thousand. We're lucky we found it, otherwise we wouldn't have been able to sell it. Who would spend over a million to buy a second-hand house?" In this day and age, houses are like cars; once they're second-hand, their value drops. Zhou's father didn't believe Zhou Min's words at all.

"Just trust me! We'll definitely break even in less than five years. If not, I'll compensate you for the money," Zhou Min said confidently.

"You should think about how to make money yourself. You said yesterday that you would take on half of the loan. Think about how you're going to pay back 600 million."

“There’s no 6 million, it’s only 6.8 million in total. It’s only 38,000 a month. My online store’s dividends are over 10,000 a month, plus the rent for the house, I can definitely pay it off.” Zhou Min had calculated it carefully. Her father’s store currently makes a profit of around 200,000 a month, so this loan is nothing to him. But in order to persuade her father to buy a house, Zhou Min could only promise to cover half of the loan.

“You didn’t say that when we bought the house. You said you would pay it off yourself after you graduated from university, and I would only pay it off for four years.” Although Mr. Zhou was confident in paying off the mortgage, he did not accept Zhou Min’s spending philosophy, so he was prepared to let Zhou Min pay off the mortgage herself to learn a lesson.

"Okay, then when I'm short of money, you can lend me some more, and I'll pay you back slowly with interest." Zhou Min thought that if she couldn't pay it back later, she could just sell another apartment.

The two stayed in the capital for four days to complete all the formalities. Because Zhou Min was still a minor, all the houses were registered under her father's name.

When the two returned home, they found Zhou's mother waiting with a sour face. Zhou Min greeted her and quickly slipped back into her room. Sure enough, what greeted Zhou's father outside was a torrent of abuse from Zhou's mother.

When Zhou's father told her that he had bought eight houses and had a loan of over 6.8 million yuan, Zhou's mother calmed down.

"What? Are you so angry you've lost your mind?" Mr. Zhou was even more worried when he saw that Mrs. Zhou had suddenly calmed down.

"Do you think I'm like you? I'm angry because you used over 2 million yuan to buy a house. It's just for studying; there's no need to buy such an expensive house. If you bought eight houses as investments, I wouldn't have a problem with it, as long as you weren't scammed," Zhou's mother said, glancing at Zhou's father.

“It seems you two are mother and daughter. Minmin said the same thing. I was originally unwilling, but she insisted on buying it and even said she would pay half of the mortgage.”

How much is your monthly mortgage payment?

"Thirty-eight thousand."

"Let her focus on her studies. She finally got into a good university. Don't let these little things interfere with her studies." Zhou's mother used to be gossiped about because she only had one daughter. Now that Zhou Min is so promising, she wants to get rid of everything that might be interfering with her daughter's studies.

"That's great, Ms. Zheng, you're very generous." Mr. Zhou breathed a sigh of relief, completely at ease.

"By the way, Minmin also borrowed 60 yuan from Zhang Li. I'll borrow some money from my second son tomorrow to pay back Zhang Li's money first." Zhou's father was unwilling to owe money to outsiders.

“Sure, go ahead and borrow it.” In recent years, the four Zhou brothers have also started their own businesses using their father’s hotel and have made a lot of money. So Zhou’s mother has no qualms about borrowing money.