Be a Grateful Person to Gain More Friendships

"The total is... three million two hundred and forty thousand!"

In his office, Qiao Geliman looked at the statistics book in his hands with some amazement and couldn't help but exclaim in surprise.

When Lin Qi told him that there were several million dollars in collateral, Qiao Geliman thought it was probably an exaggeration, a common occurrence in the financial world.

Various installment payment options, discounted payment options, and discounted payment options never give people much confidence in the numbers others cite. Unexpectedly, Lin Qi gave him a pleasant surprise.

He put down the statistics sheet and adjusted his posture slightly. "It's an astonishing number, but you should know that I can't lend you the full amount based on the estimated value. At most, I can only lend you 50%, no more!"

He flicked the statistics sheet again, a hint of regret on his face. "These aren't high-quality resources, and the bank's risk is still very high, so..." He shrugged and looked at Lin Qi again.

Banks have their own professional appraisers, and when they were compiling these items, they found that there were no particularly sought-after, readily sellable valuables, such as precious metals like gold, or easily liquidated items like jewelry.

On the contrary, some things that are not easy to sell, such as some daily necessities and some tools, mostly houses and cars.

Sabine City is not a major city, nor is it the capital of a state or the center of the Federal. Houses here do not hold their value very well, and most of the houses mortgaged in these agreements are in ordinary neighborhoods, not in Middle Class neighborhoods or Uptown District.

In smaller cities, valuable properties are primarily those in Middle Class and Upper Class neighborhoods, boasting the best locations, the most beautiful views, and the most comprehensive amenities.

Such houses are easy to sell. As long as the price is slightly lower than the market price, by 10% to 15%, they can be sold almost immediately.

However, this is not the case for houses in working-class communities. Real estate development in working-class and impoverished areas, especially residential development, is a thankless and arduous task, and the slow sales cycle can easily bankrupt real estate developers.

In addition, some people like to cause trouble. Poor people like to break into houses that are not for sale and live there, which often causes some problems.

In some Federal, local laws stipulate that after residing in someone else's house for a certain number of years, one can automatically acquire ownership of that house. This has led many people to be more eager to find houses that have not been sold or vacant houses that have been vacated.

The chaotic environment and eerie street culture in working-class and slum areas are factors that limit the rise in housing prices. This is not to say that these areas are worthless, but rather that it is difficult to realize their actual value.

The same goes for cars; there are no luxury car brands, most are ordinary car brands, and some are even older. Some appraisers believe that these might be stolen cars that have been abandoned and the authorities have given up on pursuing the matter.

The path to monetizing these items is fraught with difficulties, and it's hard to say whether you can break even if they become worthless.

If Lin Qi really wanted to exchange these things for money, it would only be for this one transaction. Qiao Geliman would be much more cautious, even to the point of refusing to do business with Lin Qi. He would rather not have the deal than take the risk.

But he had already understood Lin Qi's idea: the money he gave Lin Qi Lin Qi be given to Gatnau Financial Company to ensure its continuous operation.

There will be many more similar agreements being pledged to banks, eventually resulting in an astonishing figure, so he doesn't mind doing this kind of business.

After thinking for a moment, Qiao Geliman said, "I'll give you a maximum of 1.6 million!" He felt that this price was quite safe, and Lin Qi had no reason to object. With 1.6 million, he could get a service fee of 160,000 and an expected profit of about one to two times.

This single transaction brought Lin Qi at least 250,000 yuan in income, which was much faster than exchanging small change, and he didn't have to pay a single penny of interest to the bank.

This portion of the interest was paid by Gatnau Company, which entrusted Dyson Asset Management Company to manage these assets and paid a "management fee" for it.

In other words, Dyson Asset Management Company completely severed the relationship between Gatnau Financial Company and Jinhui Bank throughout the process, which formed the basis for their cooperation.

Lin Qi's immediate agreement without haggling for more shares further endeared him to Qiao Geliman, who smiled more broadly. "Do you want a check, promissory note, money order, or bank transfer?"

To date, the Big Six Banks Federal banks have limits on the amount of checks they can issue, making it impossible to issue cash checks in the millions, or even transfer checks. Checks are too easy to forge, and due to some technical reasons, it is difficult to achieve.

Qiao Geliman actually meant small cash checks, but Lin Qi clearly had a different interpretation.

"I need cash!" As soon as he said this, Qiao Geliman was stunned. It wasn't that the bank couldn't produce the cash, but taking out a large amount of cash required a series of procedures, which was a bit troublesome. He might even need two people from the Police Station to help him.

Seeing Qiao Geliman's expression, Lin Qi frowned slightly, then relaxed, asking as if he didn't care, "Is that not okay?"

After thinking for a moment, Qiao Geliman finally nodded. "It's not impossible, but it's very troublesome. There are many procedures involved. I need to prepare the documents and send them to the branch and headquarters first, and there are also some other Judicial Process. It will take at least four to five days."

"I can wait!" Lin Qi did not back down in the face of these difficulties. The two looked at each other for two or three seconds, and then Qiao Geliman nodded, indicating that he would complete the transaction as soon as possible.

Lin Qi stood up at the opportune moment, "Then..."

Qiao Geliman stood up, stepped across the desk, and extended his hand. "Pleasure doing business with you!"

Qiao Geliman seeing Lin Qi off, Joe Griman smiled and shook his head. He knew why Lin Qi wanted cash and why he was so adamant.

The bank's certificate for millions of dollars in cash was enough to allow Lin Qi and his team to smuggle in even more cash. To put it simply, if the bank issued a certificate proving that Lin Qi had taken 1.6 million dollars in cash from the bank, then in subsequent work, as long as the amount of cash he took out at one time did not exceed 1.6 million dollars, it could be considered legal, provided he was smart enough.

In other words, Lin Qi could have mixed in even more money—one million, two million, or even more—to completely clean up the mess. What a clever man! Having signed the deal and the subsequent collaborations, Qiao Geliman was in high spirits. That evening, three of his men invited him out to celebrate. They were likely to get a substantial commission from this deal, so they had every reason to indulge themselves.

This is the daily routine of a job that deals with money: make money, make a lot of money, and then indulge completely, in an endless cycle.

Qiao Geliman declined their invitation. As the manager of the Credit Department, it was not appropriate for him to be with them at this time; he needed to avoid them.

When he drove home and parked the car, he subconsciously glanced at the mailbox as he passed through the yard. People like him receive letters from all over the country every day. Some are from colleagues, some are self-recommendation letters from various foundations, and some are subscriptions or free financial services from various financial institutions.

After dinner, he spent some time with his wife and children, watched TV for a while, and then returned to his study alone to deal with the letters.

To his surprise, the first letter had no postmark, and the envelope was completely blank—no sender, no recipient, not even a single word.

Somewhat confused, he used a letter cutter to cut open the letter. The room was never as well-lit at night as it was during the day, and his dilated pupils quickly contracted when he saw what was inside the envelope.

A check, a check for thirty thousand dollars, the check still smelling of ink! Although there was nothing on the envelope, he knew where the check came from.