Monopoly & The Birth of A Real Estate Investment Mogul

From the age of 9, Antranik Kabajouzian has been spotting what others can't in real estate investment, and has parlayed this activity into a thriving business.
By: Transam Marketing
 
Feb. 25, 2013 - PRLog -- When I was a young, the game of Monopoly was big. This was back before hi-tech gadgets, video games and cable TV. Back when a good old fashioned board game and a couple of friends is all you needed to pass the time after school or on a weekend.  Monopoly peaked my interest at a very early age, so much so that the thought of real estate investing intrigued me enough to pursue a career at later on in life.

I played the game a bit differently than everyone else however. Soon after I learned the game, I devised my own system and am happy say that I’ve only lost at the game 2 times over the hundreds of times I’ve played it. I guess you can say I looked at the playing board a little differently than most of my friends. Most of them were busy chasing the high-end pieces like Pacific Ave, Pennsylvania Ave, No. Carolina Ave (the green ones) and the ever elusive Boardwalk and Park Place, often making bad decisions and trades and passing up lower priced properties in order to save enough in case they did land on them. I on the other hand, had no interest in these properties; I was more interested in the properties most tended to avoid, especially Baltic Ave and Mediterranean Ave (the cheap purple ones). Its not so much that I liked the idea of owning these less desirable properties, but I realized that the way the game was designed, with every player starting with only a limited supply of cash, you were better off sticking to the inexpensive properties and building homes and hotels on them while the rest of the players were going around the board hoping and saving to get the nicer ones.

Often times what would happen is I would dominate the game within 15-30 minutes, bankrupting my opponents, usually before they even got a chance to start building. I learned early on that it’s not about the fancy homes on Park Place, and that this game wasn't about where you wanted to live; it’s simply about where you want to invest. Landing on one of my inexpensive properties with a hotel on it meant you had to pay me $450 dollars or what was about 25% of your starting bankroll, keeping my opponents cash poor thus making it harder for them build or buy if they happen to land on one of the higher end tiles. Now don't get me wrong, if I did happen to land on boardwalk first, I did in fact buy it, but not to hold and build, but rather use it to trade later for 2 or sometimes 3 of my favored inexpensive properties. In larger games, I would often build my bankroll early, and then start lending funds to the more unfortunate players to be paid back every time they passed go, with interest, of course. To this day my friends and I joke about me being the real creator of the Payday Loan so popular today. These investment strategies made me the Monopoly prodigy of my neighborhood. I was 9.

I carried this way of thinking with me throughout my real estate and investment career which started in my later teens, while I watched others bid on the most beautiful, most aesthetically pleasing investment homes only to lose out on an offer and have to start the due diligence process all over, I focused my energies and dollars on what matters most, acquisition and cash flow. I learned at an early age that it’s not about the prettiest home on the nicest block with the best demographics. Investing is not about Park Place and Boardwalk. To win in Monopoly, and to win in real estate, it’s all about Baltic and Mediterranean Ave.

Antranik Kabajouzian

Chief Operating Officer

Bay Area Equity Group, LLC.
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Source:Transam Marketing
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Zip:97322
Tags:Real Estate, Investment, Monopoly, Properties, Profit
Industry:Real Estate, Investment
Location:Albany - Oregon - United States
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