Chapter 1430 1430. Hot Potato (4/5)

Chapter 1430 1430. Hot Potato (45)

As the price climbed, Li Du made another move. When he raised his hand, the tenants looked at him one after another, feeling that he would make a big move.

Li Du did not disappoint them, and said directly: "Four million!"

The faces of the tenant predators who were interested in the manor suddenly darkened.

Compared with the value of the manor, Li Du thinks that four million is not too much, and five million is not too much. The manor bank is estimated to reach tens of millions, and it is one of the most expensive houses in Santa Monica.

According to the profit rule of real estate bidding, the higher the value of the house, the more risky it is.

The risk of foreclosure is nothing more than damage to the wiring and pipelines of the house or the former owner’s refusal to sell the house. For high-value houses, these risks are easy to solve.

The greater the value of the house, the smaller the proportion of its pipeline value. For example, it may cost tens of thousands of yuan to re-route the pipeline for a detached house worth 100,000 yuan, and the proportion is one-tenth. To re-route the pipeline for a million-dollar villa The cost may be 20,000 to 30,000, and the proportion is 23%.

As for the risk of the former owner staying in the house, it is better to avoid it. Whether there is anyone in the house can be determined by staying at the door for two days.

Like this manor, Lu Guan and Li Du have researched it before. Its transaction price may be around 8 million. If it is refurbished and put up for sale, this manor can be sold for at least 9 million, and the profit margin of 1 million is not small.

However, a strange thing happened. When Li Du's quotation reached 4 million, some predators shook their heads and withdrew from the competition.

This made him feel unbelievable. Did these people think that they could win a large manor of more than 20,000 square meters within four million? How can it be!

Some people quit, some people persisted, and the price gradually climbed.

Li Du was too lazy to waste time here, and directly called the price to five million.

Compared to the value of the manor, this price is not expensive at all, and there is at least two million dollars in room for them to compete. Li Du almost wanted to call seven million directly before.

But something even stranger happened. When the price reached 5 million, the pickers quit one after another.

They were all looking at Li Du, with similar expressions on their faces: ridicule, they put on a posture of watching the excitement, or folded their arms on their chests, or sneered, as if it was a loss-making business to buy such a house for five million.

Li Du was baffled. He noticed the strangeness of the scene, but he didn't understand what was going on.

The auctioneer was the only one keeping his head down and he was yelling "Five million five million five million my guys that's the real bidder but it's worth the money so is there anyone out there Is there a higher price of 5,105,100,000?"

"Okay, it seems that the price has reached the house value threshold, so five million for the first time, first time, is there anyone willing to step in? Then five million, the second time, five million, the second time is good, five hundred Ten thousand! Deal!"

Sparse applause rang out, accompanied by applause and laughter, many people looked at Li Du with playful eyes, with ambiguous expressions.

Lu Guan leaned over and said in a low voice, "Boss, something is wrong."

Li Du rolled his eyes and said, "I'm not blind, of course I know something's wrong, let's find out what's going on."

After the manor was sold, the auction ended, and real estate agents entered the venue. They stuffed their business cards everywhere to promote their business and look for agents.

Before Luguan started to inquire about what was going on, someone came up, it was Marcos who had greeted Li Du before, and he said, "Dude, is this your first time participating in a bidding auction?"

Li Du nodded: "Yes, please give me your advice."

Marcos smiled and said, "I don't think you turned on your mobile phone the whole time, and you don't have a partner? Or did your partner not go to the house?"

Li Du said: "Is this necessary?"

Marcos nodded and said: "It is necessary, you will know soon, of course it is necessary!"

He didn't say exactly what was going on, he came over and left a few words in ambiguity before leaving.

Another picky tenant came from behind, and said with a smile: "It's really rich, buddy, but the more money you have, the more you will lose this time. It's a pity that a lot of money is stupid."

"I hope you cry happily, haha."

"Four million, if your money comes from a bank loan, then you are ready to run away or jump off the building."

It was obvious that there was a problem with the house, but Li Du didn't know where the problem was.

It was also obvious that these pickers didn't mean to tell him the answer, they just came to mock him, and in their eyes, Li Du was an enemy.

Li Du found a very experienced real estate agent with the highest asking price. This man's name was Snyder Tirav, a black man who looked very down-to-earth.

The process of buying a house is complicated, and the procedures that need to be handled are also complicated. It is more appropriate to leave these matters to professionals. Although it will cost some money, it will save a lot of trouble.

Li Du hired Snyder, and then asked him about the beach manor.

After listening to his introduction, Snyder also looked blank, and said: "The formalities of this manor are all right, I have read it in advance, what is wrong now, sorry buddy, I really don't know."

Not long after, Lu Guan came to him, and he said with a solemn expression: "Boss, I know what's going on, we've caused trouble."

Li Du said: "Say."

"The name of the Beach Manor is 'Sunshine Jazz', and it also has another name, 'Dark Villain', because its current owner is a well-known gangster in Santa Monica."

"This gangster was arrested and imprisoned by the federal police because he had not paid property taxes and property fees all year round, and because he was unable to pay the government fines caused by his crimes, Sir Sunshine was confiscated by the government."

"But even though that bastard was sent to prison, he still had many men outside. Just when the auction started, some of his men went to the manor and warned the picky tenants who stayed there. Who is going to kill..."

"In other words, this house is a problem?" Li Du frowned.

Lu Guan nodded helplessly: "Yes."

No wonder these pickers told him to leave his partner around the house during the auction. It turned out that during the auction, the original owner appeared and issued a warning.

Li Du reckoned that he had been tricked. The tenants might not have even planned to pay two million. They didn't want to provoke the local gangs. The previous bid was to make him pay more.

When they reached 4 million, they didn't bid anymore, because they were afraid that the price would continue to rise and they gave up bidding, so that the house would fall into their hands. After all, they didn't know Li Du's price for Sir Sunshine.

Of course, this is just his estimate, or it may be that the house pickers think that at a price of 4 million, it is not worth taking down a threatened house. If the price is low, there is risk value.

In short, what is certain is that this house is a hot potato, and the picky tenants think that Li Du will drop it in their hands.