11/23/2020 Best Way To Win Monopoly
Illinois Avenue. This is the most frequently landed-on space on the board. If your opponent owns it. The holidays are here, which means lots of family time and a healthy dose of board game rivalry. Be the envy of your family this holiday season with these proven methods to win Monopoly. Monopoly momma, Aug 20, 2009 The best way to win Monopoly is to own all the properties. I've used this strategy successfully in the past, and it has never failed. Todd, Aug 20, 2009 While you cannot trade immunity, is there anything to stop a person simply ignoring the 'immune' opponent when they land on their square?
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Monopoly can be a frustrating game, but we spoke with two gaming experts about how to ensure a win. Develop as much as you can, as quickly as you can. Snatch up red and orange properties, but don't bother with utilities.
No one actually likes playing Monopoly.
It’s a shrug of a board game, an infuriating distraction when you’re 15 years old and there’s nothing else to do while you’re stuck in your parents’ cabin at the lake during a storm. Oh yeah, and there’s no electricity. It reminds me of something Robert California said about the Black Eyed Peas on The Office: “It’s rock and roll for people who don’t like rock and roll, it’s rap for people who don’t like rap, it’s pop for people who don’t like pop.” That’s Monopoly. It’s a board game for bored people who don’t like board games.
Also, Imgur user elpher, the obligatory One Guy In the Group Who Takes Monopoly Too Seriously. He makes the bold claim “How to Win at Monopoly and Lose All Your Friends.” It’s a step-by-step guide that you can read below, but tl;dr, if you want to dominate, you need to create a housing shortage.
A little-known rule of Monopoly is that the game has exactly 32 houses and 12 hotels. Once you run out of houses, no more can be purchased until they re-enter the supply by being sold or upgraded to hotels. If there are more players who want to build houses than there are houses available, they are auctioned off to the highest bidder, one at a time. The core of this strategy is to buy up as many houses as possible before anyone realizes what you’re doing, and never upgrade to hotels to prevent people from improving their own properties. (Via)
This guy’s only friend is a miniature Scottie Dog.
How to Win at Monopoly and Lose All Your Friends
(Via Imgur)
Now Watch: Toys From Your Childhood That Could Pay Your Rent NowGet rich in real life
One option many who play Monopoly ignore is the use of mortgaging to buy more properties and control the board. But that’s the best way to win! Here’s how to win at Monopoly in real life by adopting some of its real estate strategy.
The leverage you gain with smart mortgaging allows you to control more rentals and acquire wealth.
Check mortgage rates for rental property here (Nov 16th, 2020)
Monopoly and mortgages
The objective of this classic game is to control property and extract rents from your competitors until they run out of money. When you roll the dice and land on a property, one of three things happens: you buy it, you ignore it, or you pay rent if someone else already owns it.
Some properties are more valuable and desirable than others, and owning a matching group allows you to build homes and hotels and charge much higher rents. So if you already own Park Place and you land on Boardwalk, you don’t want to miss the chance to buy it.
Likewise, snapping up one of a color group prevents your opponents from getting all the properties in that group. And extorting huge sums from you when you land on their hotels.
But if you don’t have the cash to buy Boardwalk, you can still tie it up and keep your competitors from getting it — by mortgaging your other properties and using those funds to purchase Boardwalk. Mortgages allow you to increase your rental income while keeping your competitors from buying up all the good stuff.
Real estate strategy: leverage
Monopoly is not just a game. It parallels real life in many ways, especially relating to real estate investment.
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One of the biggest advantages of real estate as an investment is that you can leverage it. That means you can control a large asset by making a relatively small investment upfront. You get leverage by borrowing part of the purchase price.
In fact, the less of your own cash you invest, the greater your possible return.
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How does this work? Imagine that you buy a $100,000 property and in a year, its value increases to $105,000, a 5 percent return. But if you had bought the property by putting 20 percent down ($20,000), you have a 25 percent return! (That’s a $5,000 gain divided by your $20,000 investment.)
If you had taken your $100,000 and bought 5 similar properties with 20 percent down payments, you’d have made $25,000 in appreciation instead of just $5,000.
According to Alex Hemani at Forbes.com, leverage in real estate investing works best when property values and rents are increasing. Today’s economic climate in much of the country fits that description.
And while most investor property mortgages require at least 20 percent down, getting that 20 percent from your other properties allows you to leverage a lot more.
Investment cash-out mortgages in real life
There are many ways to extract equity from investment properties.
Investment property cash-out refinancing may take longer than refinancing a primary home if you need the rental income to qualify for the purchase. The appraiser will have to prepare a rental schedule and the lender will put your cash flow and cash reserves under a microscope.
Financing more properties
Mortgage lenders require significant cash reserves when financing rental property, and the more properties you have mortgaged, the higher this number may be. In most cases, underwriting software applies complicated formulas to your situation and calculates a number between zero and 12 months of payments.
One month of reserves is cash to pay one month of housing expense for the subject property — principal, interest, property taxes, homeowners insurance, HOA dues and flood insurance (if applicable).
Fannie Mae’s guidelines say that reserve requirements “vary depending on
Finally, most lenders want to know that you have some experience in real estate or property management, or previous landlord experience, to show that you are capable of successfully renting out property. And covering the monthly mortgage.
Mistakes to avoid
New property investors make some common mistakes. Here’s what to avoid.
Many, many wealthy people in the US got there with real estate investing. And you can, too, by doing your homework and being patient.
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