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How to Play Real Estate Dough™

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Presentation on theme: "How to Play Real Estate Dough™"— Presentation transcript:

1 How to Play Real Estate Dough™
Negotiate Your Way to More Dough!

2 Object of the Game To make Real Estate Dough™
You make Dough when you close escrow on a property Different properties generate different amounts of Dough © 2007 Bernice L. Ross | All rights in media reserved 2

3 Property Card 168 property cards in the deck # of cards in deck
12 categories of property # of cards in deck # of cards to collect to earn specified amount of Dough © 2007 Bernice L. Ross | All rights in media reserved 3

4 3 1 1 3 Starting Cards Referral Dough: 2 $5,000 2 $10,000
2 $5, $10,000 1 $15, $25,000 © 2007 Bernice L. Ross | All rights in media reserved 4

5 Card Layout Keep your handy!
© 2007 Bernice L. Ross | All rights in media reserved 5

6 Starting Play Choose a dealer and scorekeeper
Determine rounds to be played (5 – 10) 5 cards dealt to every player Play starts to left of dealer Play goes clockwise © 2007 Bernice L. Ross | All rights in media reserved 6

7 All Players Place Dealt Cards
1 2 3 4 5 © 2007 Bernice L. Ross | All rights in media reserved 7

8 On Your Turn

9 Cards in Your Hand Must have property cards on Right Now Dough and Possible Dough If not, move cards from Future Dough (in order) If no Future Dough properties, draw cards © 2007 Bernice L. Ross | All rights in media reserved 9

10 Playing Cards Begin turn by drawing two cards Must play 3 cards
2 cards drawn Card on Right Now Dough May play card on Possible Dough © 2007 Bernice L. Ross | All rights in media reserved 10

11 How to Play Cards 3 Choices:
Place “property” in escrow Do a 1031 Exchange with another player or players Offer the property for a referral Once a property is in escrow, it may not be traded or referred © 2007 Bernice L. Ross | All rights in media reserved 11

12 Placing Property in Escrow
You can open escrow by placing a property on an open escrow card. © 2007 Bernice L. Ross | All rights in media reserved 12

13 Placing Property in Escrow
You can open escrow by placing a property on an open escrow card. You can also add a card to an already open escrow of the same property. © 2007 Bernice L. Ross | All rights in media reserved 13

14 Doing a 1031 Exchange An exchange involves 2 or more players
The active player must be involved To begin, a player wanting to make an exchange makes an offer to another player © 2007 Bernice L. Ross | All rights in media reserved 14

15 Making a 1031 Exchange © 2007 Bernice L. Ross | All rights in media reserved 15

16 After a 1031 Exchange All players who have received cards must place them in escrow They may not be placed in the player’s hand An escrow must be open or available If an escrow is not open or available, the player must close escrow or have a deal fall through in order to clear an escrow card © 2007 Bernice L. Ross | All rights in media reserved 16

17 Offering a Referral Referrals can be offered at any time by the active player. They are usually offered: When an escrow is not available and When no player wants to do a 1031 Exchange A player must have a referral card to do a referral © 2007 Bernice L. Ross | All rights in media reserved 17

18 Referral Step 1: Agree Player 2 has drawn a property card
Can’t open escrow (without a deal falling through) Can’t do a 1031 exchange. © 2007 Bernice L. Ross | All rights in media reserved 18

19 Referral Step 1: Agree, cont.
Player 1 has an open escrow with the property and agrees to accept a $15,000 referral fee © 2007 Bernice L. Ross | All rights in media reserved 19

20 Referral Step 2: Make Referral
Player 2 gives Player 1 the Property Card and the Referral Card. © 2007 Bernice L. Ross | All rights in media reserved 20

21 Referral Step 2: Make Referral, cont.
Player 1 must immediately place the referred property in escrow The Referral Dough card is placed above the escrow as a reminder © 2007 Bernice L. Ross | All rights in media reserved 21

22 Referral Step 3: Collect Dough
When Escrow is closed, the Dough is divided and the Referral Dough card is returned. $15,000 $25,000 © 2007 Bernice L. Ross | All rights in media reserved 22

23 Completing a Turn When all three cards have been played, the turn is complete At the end of the turn, the player Moves all cards in their hand to the left Draws additional cards to fill in the hand Play passes to the left © 2007 Bernice L. Ross | All rights in media reserved 23

24 Closing Escrow Collect enough cards Turn cards in
Record Dough on Scorecard © 2007 Bernice L. Ross | All rights in media reserved 24

25 The Real Estate Dough Scorecard
© 2007 Bernice L. Ross | All rights in media reserved 25

26 Getting Dough When you close escrow, the amount you earn is recorded on the Scorecard Record the Round and Dough earned Remember—if you have a referral on that escrow, you need to split the Dough © 2007 Bernice L. Ross | All rights in media reserved 26

27 Real Estate Dough Strategy

28 The Situation 4 Player Game Starts
© 2007 Bernice L. Ross | All rights in media reserved 28

29 Player 1—Draw © 2007 Bernice L. Ross | All rights in media reserved 29

30 Player 1 Play Must Play Must Play Must Play Can Play In Hand
© 2007 Bernice L. Ross | All rights in media reserved 30

31 Player 1 Play, cont. To Be Traded
© 2007 Bernice L. Ross | All rights in media reserved 31

32 Player 2’s Cards © 2007 Bernice L. Ross | All rights in media reserved 32

33 Players Make a Trade © 2007 Bernice L. Ross | All rights in media reserved 33

34 Player 1—Plays Traded Card
© 2007 Bernice L. Ross | All rights in media reserved 34

35 Player 2 must play traded card
© 2007 Bernice L. Ross | All rights in media reserved 35

36 Player 1—Moves Cards © 2007 Bernice L. Ross | All rights in media reserved 36

37 Player 1—Draws to Fill © 2007 Bernice L. Ross | All rights in media reserved 37

38 Player 2 Plays © 2007 Bernice L. Ross | All rights in media reserved 38

39 Player 2 Play In Hand © 2007 Bernice L. Ross | All rights in media reserved 39

40 Player 2 Play Can’t Trade
© 2007 Bernice L. Ross | All rights in media reserved 40

41 Referral: Agree 2 Players agree on referral: which property and amount. © 2007 Bernice L. Ross | All rights in media reserved 41

42 Referral 2: Make Referral
Player 2 gives Player 1 the Property Card and a Referral Card. © 2007 Bernice L. Ross | All rights in media reserved 42

43 Player 1—After Referral
© 2007 Bernice L. Ross | All rights in media reserved 43

44 Deals Fall Through © 2007 Bernice L. Ross | All rights in media reserved 44

45 Result of DFT © 2007 Bernice L. Ross | All rights in media reserved 45

46 Have Fun! Make Dough!

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