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All Forum Posts by: Terry Free

Terry Free has started 4 posts and replied 30 times.

Post: Why Real Estate?

Terry FreePosted
  • New to Real Estate
  • Baltimore, MD
  • Posts 33
  • Votes 17

I guess for me, someone who is interested in real estate investing, would be to be able to control my worth. A normal 9-5 job/career tells you what you are worth and takes 40 hrs or more of time, that could be spent on raising your family. With real estate investing, I can be in control of my own worth, not someone else's bottom line. I'm not saying there's anything wrong with a 9-5 job. however, for me, all I know is struggle. Real estate is my way out of poverty. Yes, it requires knowledge and hardwork. I know that I may fail from time to time. I even risk losing everything. I would rather risk it all and control my worth and spend 20-40 yrs in a career, which a rolex to show for my hardwork. 

Post: The Power of Bigger Pockets

Terry FreePosted
  • New to Real Estate
  • Baltimore, MD
  • Posts 33
  • Votes 17

This is interesting! Can't wait for part 2! Taking notes while at work!

Post: SO YOUR NEW TO THIS : SECRET #1

Terry FreePosted
  • New to Real Estate
  • Baltimore, MD
  • Posts 33
  • Votes 17

I never thought of writing down why I want to get into real estate. finding the a deeper reason as to why, I should say. This is some great advice!

Post: Real Estate Simulator/Game

Terry FreePosted
  • New to Real Estate
  • Baltimore, MD
  • Posts 33
  • Votes 17

Baron: The Real Estate Simulation is one game I've heard of. It's an 1980's real estate game. has anyone heard about it or played it before? 

Post: Real Estate Simulator/Game

Terry FreePosted
  • New to Real Estate
  • Baltimore, MD
  • Posts 33
  • Votes 17
Originally posted by @Rich Spaulding:

@terryfree

Take a look at this game:

http://www.learn4good.com/games/tycoon/realestatei...

Not exactly as good as your idea, but any game involving real estate investing is fun to me!

 Hey Rich, I played the game on the link you provided. It's a nice game but not what i was looking for. I understand the concept behind it. It has a lot of glitches. however, instead of  houses popping up, The game I envisioned would be an open world game.

Post: Real Estate Simulator/Game

Terry FreePosted
  • New to Real Estate
  • Baltimore, MD
  • Posts 33
  • Votes 17
Originally posted by @Jeremy Pace:

This is a good concept, but to translate into a game, you have to have some core mechanic that holds it all together.  Also, you have to think about how hard you want the game to be.  There's a pretty big difference in message between the paycheck game and the cashflow game.

Thanks

Post: Real Estate Simulator/Game

Terry FreePosted
  • New to Real Estate
  • Baltimore, MD
  • Posts 33
  • Votes 17
Originally posted by @David Chandler:

I think the most viable way of making any game that is REI-based would have to combine features from other games. For example, the quickest way to a game would seem to be a subset of SimCity. In this game, the mechanics and algorithms are already put in place for simulated property values that fluctuate based on population, proximity to pollution, proximity to commercial, hospitals, fire, police, water, and etc. A game like The Sims may have an engine in place to guide the preferences of citizens. From that point, some sort of banking engine would need to be involved that was sophisticated enough to handle and understand trivial to highly complicated financial transactions.

In any case, it would be fascinating to a small niche of people (myself included) so not too likely to become a commercial success.

 David, I totally forgot about simcity. I have to agree that the mechanics of that game as well as The SIMs, would most likely work in the this type of game. If there were someway to use that format and , as you said, setup a banking engine, it might make for a good, educational game.

Post: Real Estate Simulator/Game

Terry FreePosted
  • New to Real Estate
  • Baltimore, MD
  • Posts 33
  • Votes 17
Originally posted by @Rich Spaulding:

@terryfree

Take a look at this game:

http://www.learn4good.com/games/tycoon/realestatei...

Not exactly as good as your idea, but any game involving real estate investing is fun to me!

 I will checkout the link when I get home. It might bring me some ideas! Thanks!

Post: Real Estate Simulator/Game

Terry FreePosted
  • New to Real Estate
  • Baltimore, MD
  • Posts 33
  • Votes 17

I wonder if anyone else have an idea in regards to this topic?

Post: Real Estate Simulator/Game

Terry FreePosted
  • New to Real Estate
  • Baltimore, MD
  • Posts 33
  • Votes 17
Originally posted by @Jedd Braunwarth:

Terry Free how would you envision this game to work? I have thought about this too as their are stock market games but I have struggled to figure out to make this a dynamic game with risk and finding deals. Seems to cumbersome. Real estate already has some pretty good analysis spreadsheets with less variables as compared to the stock market. Thoughts?

To me these spreadsheets are as good as they get to analyzing and learning the real game.

 Well, my initial thought is to create a game, similar to the Monopoly computer game. However, I'm thinking that it would be better to create a SIMS inspired game, that follows the guidelines of both traditional and creative real estate investing. Maybe and open world type of game, where mostly, residential markets are covered and based on current or recent events in the housing market. The rest I'm thinking through, as afar as different scenarios and such.