Avid Monopoly player Bo Madison compares our most fav board game to real life real estate investing.
The similarities to basic [tag-tec]real estate[/tag-tec] investing 101 are staggering.
For example, Bo advises to go for the reds and oranges such as Tennessee Avenue, New York Avenue and Indiana Avenue. Why? He believes they have the best locations on the board. People will hit them most often right after jail time, Chance cards, etc.
In other words, location matters.
But there are some real [tag-ice]housing[/tag-ice] guru gems here. Once you have these simple fundamentals down you can invest in [tag-self]real estate[/tag-self] anywhere and make a profit.