Monopoly - What a Hell of a Game
Man,
Today I was thinking how much I LOVE THIS GAME. Sit down with 4 or 5 other people that know real estate and let the games begin.
If you pay attention to the details in this game, it covers all the basics.
Be an Investor
If you just collect salary by passing go, this is the only time you will make money. Let your money work for you! Buy as much property as you can, collect rent, reinvest.
Negotiate
If you bought a property that hasnt been doing so good for you, work out a DEAL with another player using negotiating skills!
Keep a Cash Reserves
Ouch, luxury tax! Keep enough reserves so you dont have to sell out in order to pay your collector. Once in a while there is a little bad luck here and there. If you plan for bad luck, good luck will follow.
Use leverage
Found a property that you "cant afford"? Pull equity out of your other properties to buy that bad boy.
You cant get rich by renting
You are giving your money away by renting. Why rent? Just buy a property that fits your budget.
Anybody got any others?