REAL ESTATE INVESTOR

The game questions for Real Estate Investor were developed from research studies and contemporary writings for first-time investors and game players. (kwg)

Instructions:
(1) Set up a checkerboard with 24 checkers.
(2) Printout the game questions.
(3) Cut out and paste questions on card stock.
(4) Put the questions on the front and the answers on the back.
(5) Add the Investor Rule to standard checker play.

Investor Rule: When ready to jump a checker draw a question. RIGHT ANSWER - make your jump. WRONG ANSWER - lose your turn.

REI Scorecard: (flashcard approach)
32-31 ... INVESTOR - financially independent, avid reader, vacations in Hawaii
30-29 ... LANDLORD, workaholic, handyman, vacations in Las Vegas
28-27 ... TENANT - wanabe landlord, gifted checker player, vacations in Soo Mich.

E-Mail Gamesbygrube.com for individual narrative answers.

CASH OFFERS

1. Cash offers dictate the ________.
terms

2. Cash offers generate more accepted ________.
offers

3. Cash offers warrant a discount ________.
price

4. Cash offers usually create ________.
tradeoffs

FIXER-UPPERS

5. Fixer-uppers are prime zero down ________.
deals

6. Fixer-uppers to be profitable must be void of major ________.
repairs

7. Fixer-uppers allow for flexible bank _________.
financing

8. Fixer-uppers are a quick way to property ________.
equity

SELLER FINANCING

9. Seller financing allows for retirement income for the ________.
seller

10. Seller financing allows for equity buildup by the ________.
buyer

11. Seller financing eliminates the ________.
banker

12. Seller financing can provide first position ________.
mortgages

LEASE/OPTION

13. Lease/option contracts allow a buyer to tryout the ________.
property

14. Lease/option agreements allow for the sale of the ________.
option

15. Lease/option contracts yield cash flow for the ________.
seller

16. Lease/option agreements create conditions for time investment ________.
properties

CREATING PAPER

17. Creating paper means taking back a ________.
note

18. Creating paper allows for lower closing ________.
costs

19. Creating paper substitutes for bank ________.
obligations

20. Creating paper is a powerful financial method to ________.
wealth

WRAPAROUND MORTGAGES

21. Wraparound mortgages are useful in FSBO ________.
properties

22. Wraparound mortgages are usually full price ________.
offers

23. Wraparound mortgages usually involve a mortgage to the seller and ________.
bank

24. Wraparound mortgages are win/win/win deals for the buyer, seller and ________.
bank

DUPLEXES

25. Duplexes are excellent starter investor _________.
properties

26. Duplexes create two rent checks and lower per unit ________.
costs

27. Duplexes bought at $25,000 per unit are financially ________.
profitable

28. Duplexes make great ________.
fixer-uppers

HISTORIC PROPERTIES

29. Historic properties have both federal and state tax ________.
incentives

30. Historic properties create opportunities for limited ________.
partnerships

31. Historic properties always hold their market ________.
value

32. Historic properties command the respect of ________.
investors

E-Mail Gamesbygrube.com for individual narrative answers.