Rebirth 79: I opened a bank in the United States

Chapter 55 Repayment with Land

"I want you to use the land to pay the loan, but all I want is land close to the road. As long as there are enough trucks passing along the way, maybe we can make a fortune with the road."

Carter groped his clean chin, recalling the business on the highway or roadside in his previous life and said:
"Repair shops, tire repair and replacement stations, water filling, gas stations, convenience stores, restaurants, parking lots, etc., seem to be all available. As long as there is enough demand, I will take these lands and sublease them to people who want to come here for business. , should be good."

"It's not easy, boy. You have a good idea, but if you want to attract people to do business on the side of the road, you have to show them that it's profitable, right? That is, you have to open a store here yourself, And it has to do really well.”

Unlike the bright-eyed, optimistic Carter, Exon scoffed at the idea a bit.

"And the distance from Jacksonville to Atlanta is only 346 miles. It takes about five hours to drive, and there is no need to stop halfway. Even if you want to stop, you can go to Macon to rest. Why do you stop in this small place in Douglas? What's more, our place is just a desolate roadside."

Compared with Orlando and Miami, the two most famous cities in Florida in the future, this Jacksonville is extremely low-key.Its development in the future is indeed not as good as Orlando, but now, this city is the largest city in Florida.

Jacksonville is located in northern Florida, almost on the border with Georgia.It is not far from Atlanta, the southeastern center of the United States. What's more unfortunate is that Douglas is located in the south of Atlanta. That is to say, Douglas is closer to Jacksonville, so close that many vehicles don't need to stop here at all!

Carter was not surprised that Exxon looked down upon him, but he knew that when people mentioned Florida in the future, they would basically talk about Orlando and Miami.Jacksonville is not far from Atlanta, but these two new cities, one is in central Florida and the other is in the south. If the car from these two cities goes to Atlanta, it is far away!

But there is no need to say these words at this time.

"This is the case at the moment, but I think the potential of Jacksonville is limited. I haven't seen that Disneyland is built in Orlando. In the future, I am more optimistic about the development of south-central Florida. Space centers, tourism, and sunny beaches are all not there. Northern Florida. At that time, whether it is freight or passenger transport, as long as they take the road, they will definitely pass by us. If there is something that attracts people to stop, I think there is still a bit of profit margin.”

Carter smiled and spread his hands, ready to go back and investigate further.As far as the current idea is concerned, Carter thinks it is feasible!Even the first shop that attracts people to stop, he has thought of it.
KFC!
Although KFC is vulgar, it can't stand it's easy to use!Moreover, the earliest KFC restaurant appeared was Harlan Sanders who operated a gas station, which was something that Colonel KFC fiddled with when he prepared snacks for drivers who were refueling. It was naturally suitable for operating on the roadside.

What's even more amazing is that there are quite a few KFC franchises in the United States now, but Carter hasn't seen one here in Georgia.But when she ate at KFC before, Mei Lisi's feedback was not bad, and she thought the fried chicken was delicious.

In this way, the thinking is much clearer.Start with KFC, first join a KFC restaurant and open it on the side of the road, and after attracting enough passing vehicles to stop here, then lease the nearby land to open repair shops and other supporting businesses for other businessmen.In this way, you can collect rent to fill the loan hole.

The risk is that if this KFC fails to attract people to stay, everything that follows will be gone.But if you don’t do this, what can you do?People just have no money to pay back, and the farm machinery can't be sold at a price.If this is done, perhaps in the future, apart from recovering the money with rent, it can also add a source of profit to the bank. If you don’t do it, you will not get any money.

The agricultural machinery can be sold to barely stop the loss, but Carter feels that he may not be able to sell many units, and he may not even be able to sell all of them.Once they are all sold, there will be problems with the cultivation of the farm in Douglas City next year, and they and their own bank will immediately be classified as the opposite of the people of Douglas.

Therefore, Carter could only silently calculate the accounts in his heart. Now in the Black bank, the money belonging to the Black family still has about [-] yuan, which is more than enough to open a KFC restaurant.

If it loses all, the funds in the bank may only be about 160 million, while depositor deposits need 280 million, and there is a gap of about 120 million.Five years later, I still have a loan of about 1000 million to repay.In the fund, I invested a total of 750 million. If the historical records are correct, the money invested in these two funds will grow at an annual rate of return of about 30%. If you put the money in the fund for five years, you can get it in five years. arrive
2784? !

It's not that I don't know, it's a shock.Carter suddenly felt that he was doing well again. Traveling to the present, basically everything that should happen in history has happened.If there is no historical deviation in the profits of these two funds, I will be able to recover more than [-] million yuan in five years, repay the loan, and more than enough to fill the hole in the bank.

Although the account cannot be calculated like this, there may be accidents in the middle.But as long as the fund's profits develop normally as in history, more than 1982 million can be recovered in the third year.Carter frowned and thought about it. Three years later, in 80, it was the most depressed time in the [-]s in the United States, and depositors withdrew money in large quantities to make a living. It should have happened at that time.

That being said, it can be done!What is great is that it is a matter of losing a shop, and the land property rights are still in their own hands.In the United States, land property rights are basically permanent. Even if it is left unused in the short term, there will always be some profit in the future.

Thinking of this, Carter already had [-]% of the decision in his heart, and the remaining two achievements had to be investigated.If there is no accident, there is a high probability that this method will be followed.So, Carter said directly:

"Well, this idea came to me suddenly. I'll go back and investigate first. A week later, I will organize a meeting. I will discuss with you and other debtors how to repay the loan. According to my idea For example, there is a high probability that the land will be used to repay the loan, and it is the land on the side of the road, do you think about this first, is there any problem?"

"No problem. Land is worthless. Although the land on the side of the road is very good, I don't think it can do what you expected. If it is not for commercial use, the land on the side of the road is not a good land. The dust raised, as well as the rubbish left by those drivers, have greatly affected our planting.”

To Carter's surprise, Exxon was not dissatisfied when he heard that the land was used to repay the loan, but he affirmed it categorically, as if he was happy to do so.

"As you can see, we farmers have nothing valuable at all. If we can use the land to repay the loan, it will be much easier for us. We have nothing else but a lot of land! And you put the land Take it away, and we can pay less tax every year, and none of us would be unhappy."

Fuck!Carter slapped his head and almost forgot the tax
Land taxes in the United States, including property taxes, are not paid at one time, but are paid every year.Although the ratio is not much, once you take too much land and waste it, the amount will add up to a lot.In other words, this land really can't be left deserted!

Thinking of this troublesome tax, Carter didn't even bother to sit down.gotta act now
"Okay, let's make an oral agreement like this. I will be waiting for you at Black Bank at nine o'clock in the morning a week later."

"I'll be there on time!"

(End of this chapter)