Immortality: Raise an ant queen and add some immortality

“When does buyer’s compensation need to be paid?”

Qin Niu asked directly.

The Yan family must have borrowed money from him because they saw that he received a large amount of gift money when he got married a while ago.

Many big shots came over for a wedding banquet, and the gifts they gave were basically a thousand taels of silver.

This gift will definitely be repaid in the future.

But it also allowed Qin Niu to hold a large amount of cash on hand.

"The buyer's compensation must be paid before the end of this month. I won't hide it from you. The buyer has a great background and his business is all over the Bailian Immortal Sect. Not to mention our Yan family, even the top aristocratic families in the city will definitely not Dare to offend."

Young Master Yan explained so clearly that he somewhat meant to defend the Yan family.

The main reason is that he is worried about being looked down upon by Qin Niu.

"The Yan family can do business with such a big buyer, so they are indeed a powerful and established family in the area."

Qin Niu gave a thumbs up in praise.

In terms of mental ability, even though he is only sixteen years old, he is much stronger than Young Master Yan.

"I wonder how many taels of silver the Yan family needs to borrow?"

He has plenty of cash in his hands.

You can get 50% interest when you lend it out, which is a very good deal.

In this world, there are two types of borrowing money. One is to borrow money from a bank, and the annual interest rate is generally around 60%. If you borrow one tael of silver, you will need to pay back one tael of silver one year later.

Does it feel dark?

The market conditions are basically like this.

For loans between private friends, the interest rate is generally much lower, with the annual interest rate being 40% to 50%.

The darkest thing is loan sharking.

Whoever borrows a loan at a high interest rate may not be able to pay it back even if he sells his son or daughter.

In the end, it is very likely that the family will be destroyed.

The normal annual interest rate of loan sharks is generally around 100%. If you borrow one tael of silver, you will pay back taels of silver in the second year.

If you can't afford it, that would be terrible.

Interest rolls over, interest rolls over, and the debtor will fall directly into the abyss.

There are even darker loan sharks, with annual interest rates of 1000%. If you borrow a tael of silver and fail to pay it back within the stipulated time, the annual interest will rise to a terrifying 1000%.

This is equivalent to having to pay back ten taels of silver in the second year.

People who need to borrow money from loan sharks are basically at the end of their rope and have no choice.

If he is asked to repay ten times the loan the next year, he will most likely not be able to repay it.

It is common for borrowers to run away.

But the wife, children, and parents will all suffer.

If the wife and children fail to escape with them, they will most likely be caught and sold by loan sharks.

Those loan sharks are not fools. If they lend a large sum of money to someone, they will definitely send spies to secretly keep an eye on the borrower's family.

It is almost impossible for a borrower to escape with his family.

As long as there is any movement, the lender will immediately come with thugs.

Therefore, if a borrower wants to run away, the only possible way to succeed is to cruelly abandon his parents, children, and wife and run away alone.

And even if you want to run away alone, it's not as easy as you think.

It is necessary to get rid of the spy to avoid being discovered by the creditor.

People who dare to make loan sharks often have strong influence in the local area and take advantage of both black and white. It's not that easy to hack his money.

When caught, they would first be beaten and have one or two fingers chopped off as punishment. That was a routine procedure.

Yan Ruhai from the Yan family could not be stupid enough to take out a loan shark.

I guess there was nothing I could do, so I thought of asking Qin Niu for help.

"There is still about 9 taels left. If Mr. Qin agrees to help, our Yan family is willing to pledge acres of fertile land as a mortgage. At the current land price, the fertile land is about taels of silver per acre."

Young Master Yan said.

What people fear most is suffering.

A penny stumps a heroic man.

The Yan family's total farmland should be just over a thousand acres.

It is estimated that it will not exceed 1,500 acres.

This is the wealth accumulated by the Yan family for generations.

Now, in order to borrow 8,000 taels of silver, one needs to mortgage 1,200 acres of fertile land. Almost all the wealth accumulated by the family over several generations is given away in one go. You must know that when the market is good, an acre of fertile land can be sold for thirteen or four taels of silver per acre.

Maybe even higher.

Even if the Yan family bought it for twelve taels of silver per acre, and now it is mortgaged to Qin Niu, the price of an acre of good land is only six taels of silver, which is less than seven taels.

Wealth has shrunk significantly.

The Yan family is currently experiencing a leaky house and it rains all night.

The Black Tiger Gang is at war, which makes it difficult to sell shops and real estate in Black Tiger City.

If you have to sell now, it will definitely be a cheap sale.

A shop bought for one hundred taels of silver may sell for around fifteen or six taels of silver.

Yan Ruhai is very resourceful and must have thought about how to solve the crisis that the Yan family encountered this time.

After much deliberation, it was most cost-effective to borrow money from Qin Niu.

It is easier to get the money together in a short period of time. Selling real estate in the city is very difficult and difficult to sell in a short period of time.

The situation of the war is not clear now. There has been an insect infestation in the area under the jurisdiction of the Black Tiger Gang. People are panicked and everyone is waiting and watching.

No wealthy person would be able to buy a property in the city under these conditions.

Otherwise, if you accidentally become a receiver, wouldn’t you regret breaking your thigh?

No one’s money comes from the strong wind.

"I need to borrow eight thousand taels...I was originally planning to keep the money until the land price dropped to its lowest point and buy the land. The Yan family has always been friends with me, but now that we are in trouble, I can't ignore it. Okay, just follow Yan's instructions The eldest young master will do as he says. Don’t calculate the annual interest rate so high, just lower it to 40%.”

Qin Niu received some favors and gifts from the Yan family.

He took the initiative to reduce the interest rate on the loan by 10%.

There must be a little bit of humanity in being a human being.

But if you ask him to borrow it for free, he will definitely not agree.

If a person does not serve himself, he will be destroyed by heaven and earth.

Striving for greater interests within a reasonable range is a matter of course.

"Thank you! Thank you so much! Mr. Qin is such a kind person! My father has always praised you for your love and loyalty, and it turned out that he was right..."

When Young Master Yan heard that he only charged 40% interest, he praised Qin Niu a lot.

Both parties wrote a loan deed and asked someone to notarize it.

Mortgage the land deed and commitment letter of 1,200 acres to Qin Niu. If the Yan family cannot repay the loan on time, Qin Niu can take these materials and go directly to the government to transfer the 1,200 acres of fertile land to his name.

Young Master Yan left with eight thousand taels of silver notes.

After borrowing this money, the family's crisis was temporarily relieved, and Young Master Yan also breathed a sigh of relief.

Qin Niu was also very happy.

The more good things like this, the better.

He has more than 130,000 taels of silver in cash, and the interest on a single copper coin will not accrue in his hands.

Lending it out and charging 40% interest is definitely a bargain.

The price of fertile farmland has dropped to 9 taels of silver per acre, which is a full to taels lower than the land price in normal times. It is really tempting.

Qin Niu thought it might drop again.

He was in no rush to make an acquisition.

With more than 130,000 taels of silver, if you choose the right time, it is entirely possible to acquire more than 18,000 acres of fertile land.

But he certainly won't buy that much.

Eggs cannot be put in one basket.

If he, a strong man in the Xiantian realm, suddenly purchased nearly 20,000 acres of fertile land, it would definitely arouse the suspicion of the top brass of the Black Tiger Gang.

When the time comes, people will secretly investigate where he got his money.

It is easy to expose his secret of killing people and taking money.

This time he plans to acquire four to five thousand acres of fertile land.

Even so, it's scary.

At least they are all big landowners that the Black Tiger Gang can count. It is several times larger than the Yan family.

The days are passing leisurely. Qin Niu has been practicing in the mountains almost every day recently, and his Medicine King Sutra skills have gradually reached the peak of the Houtian realm.

If he could get another realm-breaking pill, he would be able to hit the innate realm immediately.

He was not going to take the Breaking Realm Pill this time.

Because Changchun Gong has been cultivated to the innate state for a long time, he has a good foundation. He is fully confident that with the help of the massive medicinal energy of the ancient banyan tree, he can directly break through the power of the Medicine King Sutra to the innate state. (End of chapter)