NWG User Manual - Net-Worth-Game
Contents
1. Player ID Its a unique id for each player It automatically increments when a new contact is added by clicking on the Player ID field First Name Player first name Last Name Player last name Down Payment Subtracts the down payment from player s bank balance Income Adds income to player s bank balance and net worth Payments Subtracts payments from player s bank balance and net worth Property Switches from the Investor form to the Property form Dice Button Launches the Investor icon PROPERTY Form Investor Tab Reset Resets property values to original values Total Equity Displays investors total equity when the Select Investor s Property button is clicked Select All Property Displays all property Select Investor s Property Displays all property purchased by the investor Back to Investors Switches from the Property form to the Investor form Property Tab Property Type Selects Multifamily or Commercial Class A B and C Date Auto date when record is enter Investor ID Investor s ID number entered automatically when investor selects a property Property ID This is a unique number that identifies the individual property Description Property description of the subject property Address Subject property address City Subject property city State Subject property state Zip Subject property zip Price Listed price Down Payment D2. CALCULATE Existing Calculations are based on existing income and expenses provided by INCOME amp EXPENSES owner CALCULATE Pro Forma Calculations are based on projected income and expenses estimated INCOME amp EXPENSES by investor 10 Year Cash Flow 10 year projection of income amp expenses cash flow cash on Cash and cash on equity Support If you have support questions email us at support mizanhour com If you believe that you are experiencing an undocumented software bug please submit it to the email address above with all the information needed to reproduce the bug This information should contain following information so we can serve you better e Product s name and version in the email subject e Your Operating System Win 95 Win 98 Win ME Win 2000 Win NT Win XP Windows Vista e The symptom of the problem e Any necessary steps to reproduce the problem e If you meet a problem in a registered product please enclosed the registration name code We will process your support request ASAP You will usually get a response within 24 hours Contact Us Feel free to contact us should you need any information or have any problems with our products We are always here ready to serve you better Sales and Information Technical Support Email us support mizanhour com
3. 2 8 150 SF Class C Warehouse Building Built in 1961 222 west Town Ave Capital CA 1 200 000 240 000 0 3 22 n00 SF Class C Warehouse Building Built in 1941550 8 Long St Capital CA 1 200 000 240 000 4 2 705 SF Class B Office Building Built in 1949 800 8 Vintage Blvd Capital CA 1 495 000 299 000 0 5 4 Unit Apartment Building Built in 1915 125 W 26th St Capital CA 459 000 91 800 8 5 Unit Anarment Building 3000 E Front St Capital CA 299 000 59 800 0 7 8 434 SF Class C Office Building Built in 1961 2020 Colorado St Capital CA 1 400 000 280 000 8 3 Unit Apartment Units Building Built in 1905 331 S Western Ave Capital CA 900 000 180 000 0 9 17 000 SF Class B Industrial Building Builtin 1974 2020 8 Alameda St Capital CA 1 500 000 _ 300 000 10 1 123 Sq F Commercial Building 5555 W Vernon Ave Capital CA 350 000 70 000 0 11 11 700 SF Retail Storefront Building Builtin1948 4007 Degnan Blvd Capital CA 1 199 000 239 800 f Property ID 1 Total Equity I8 l Select Investor s Property Player ID 2 First Name Maria Last Name I Back to Investors mizanhourepublications com mizanhour com redgatemortgage com The banker will click on the Back to Investors button and you will be return to the Investors screen then click on the Down Payment button program will make the proper adjustment Click Next to select the next player and repeat the previous steps If the player buys the
4. Net Worth Game Version 1 0 User s Manual www mizanhourepublications com epublications mizanhour com Copyright 2011 M Lake Izanhour All rights reserved Elsinore CAUSA TABLE OF CONTENT CHAPTER ONE INTRODUCTION CHAPTER TWO INSTALLING NET WORTH GAME CHAPTER THREE GAME SETUP CHAPTER FOUR THE PROGRAM CHAPTER FIVE THE CARDS CHAPTER SIX OBJECTIVE CHAPTER SEVEN GAME PLAY NOMENCLATURE SUPPORT CONTACT US CHAPTER ONE INTRODUCTION Welcome to Net Worth Game Net Worth Game N W G is a commercial and investment real estate game based on the real practice of investing in commercial and investment real estate The Net Worth Game is a grate way to learn real estate investing or improve your skills if you are already an active investor Net Worth Game is developed on our flagship Real Estate Data Extreme software It does the calculations for income expense appreciation etc each time the player completes a year 6 turns To start the play the banker clicks the dice button The players investor icon will move around the board stopping on some random square A listing card will pop up and the player will have the opportunity to purchase the property listed on the card This procedure will continue for each player until there is a winner The winner is the player that has the highest Net Worth after a predefined amount is reached 1 000 000 or 2 000 000 or some other amount is reached or a p
5. d Depreciation Period 27 5 years for residential income property and 39 years for commercial property Depreciation Charge that represents the recovery of capital investment Annual Debt Service Total payments including principal and interest Taxable Income Income after expenses and depreciation Buyer s Marginal Tax Rate The tax rate applied to the last dollar earned Enter marginal taxes Federal State foe state and federal for after tax cash flow Cash Flow Cash after all expenses and debt service Desired Cap Rate Computes value based on investors desired cap rate VALUE Based on Desired Computes value based on investors desired cap rate Cap Rate Price Unit Sale price square foot of building Income Unit Gross annual rental income total number of income units Price Sq Ft Sale price square foot of building Income Sq Ft Gross annual rental income total square footage DSCR debt Service Coverage Ration Annual Monthly Payments calculated from Finance tab NOI Annual Debt Service GRM Gross Rent Multiplier Annual net income NOI divided by total annual loan payments Loan to Value Total loans property value purchase price Cap Rate Percentage of net earnings based on the cost of the property Cap Rate NOI Cost Cash on Cash Percentage of cash flow to cash down payment cash flow down payment
6. ew the details of the property such as cash flow debt etc Click the Property tab to see more details on the property PROPERTY PROFILE Investor Property Loan 1st TD 400 000 Rate 50 1 Months 360 Payment 2 79 Property ID 1 Cost Value 500 000 Depreciation Period 27 5i Years Gross Potential Income 7 451 Depreciation 12 727 Cost Unit 5 Vacancy amp Collection Loss s0uu Annual Debt Service 335 564 Income Unit 7 146 Gross Operating Income GOI sz as Taxable Income 27 801 Cost SqFt 0 gt Total Expenses 527 350 Cap Rate s 10 Income SqFt s Net Operating Income NOI 40 528 Cash Flow 6 964 pscr fiz Building Value 70 00 Cash on Cash 6 96 Dvs A Land Value 3000 Player ID 2 First Name Maria Last Name izanhour Back to Investors mizanhourepublications com mizanhour com redgatemoi e coli PROPERTY PROFILE Investor so Analysis Property ae Property ID 1 Investor ID 0 Property Type _ PER Class 8 Date 09 09 20 Description 10Unit Apartment Building Address 123 Back St City capita State ca Zip 99999 Building Size 8 000 SqFt Land Size 8 500 Sq Ft No Buildings 1 No Stories 2 No Units 1fI Pool N Year Built 195 Parking 1 Rent Control Nc Zoning Refrigerators Ranges Disposals Dishwashers Floors Hardwood P
7. ion Bar Add cst Delete exe He or she will enter each player s name in the Investors form in their play order Click the Add button on the Navigation Bar Click inside the Player ID field The player ID will be entered automatically Click the Tab button or click in the First Name field and type in the player s first name Click Tab button or click inside the Last Name field and type in the player s last lame optional Once done click Save on the Navigation Bar When all players are entered make sure you click on the Top button on the Navigation Bar to be sure you start with player 1 Repeat the preceding four steps for each remaining player worth All players start with 400 000 in their bank account and 400 000 net The play begins when the banker clicks the Dice button and the investor icon moves around the board and stops on one of the property squares and the Property Listing card pops up or a Good or Bad card may pop up Property Listing The real property located at 123 Back St Capital CA Description 10 Unit apartment Price 500 000 Down Payment 100 000 Property ID 1 Bad x Increase in fire insurance You pay 10 000 amp Good Inheritance You receive 25 000 The player may request to view the Property Profile The Property Profile may be viewed on the screen by clicking the Property button and then clicking the Analysis tab The player may vi
8. onnect your computer to a television or large monitor recommended but not required Double click on the Net Worth Game icon on the desktop or click Net Worth Game on the Start menu Error Messages Click Yes on the appuser dialog or click Ignore on the Error window Select the players play order roll dice etc The game may be played by one or more players Select a Banker The banker may or may not be a player in the current game see The Program The Bank below The Banker manages the program for the game The Banker will start the game by double clicking on the game icon The Net Worth Game will start with the Registration screen open if the game has not been registered This screen will not display if the game has been registered The Banker will click the Continue button on the Registration screen The Banker will click on Game in the upper left corner of the menu bar and then click Start He or she will enter each players name in the Investors form in their play order All players start with 400 000 in their bank account CHAPTER FOUR THE PROGRAM The program consists of two main sections the Investor section and the Property section The Investor section contains each investor s name and ID and automatically calculates the player s bank balance and net worth It contains the Dice button for launching the investor icon and also displays bank balance players net worth players turn count and property ID The Propert
9. own payment on subject property Property Taxes Annual property taxes Building Size Number of buildings Land Size Sq Ft of the land No Buildings Number of buildings No Stories Number of floors stories No Units Number of units Year Built Enter four digit year Pool Pick list Yes No Parking Total number of parking spaces Rent Control Pick list Yes No Zoning Zoning Refrigerators Number of refrigerators Ranges Number of ranges Disposals Number of garbage disposals Dishwashers Number of dishwashers Floors Enter type of flooring like carpet hardwood etc Construction Floors wall roofing etc Condition Condition of property ANALYSIS Tab Price Value Price is what seller is asking Value is what is paid for the property Total Annual Income Total annual rental income other income Vacancy amp Collection Loss A percentage estimating annual vacancies and the cost to collect delinquent payments and evictions Gross Operating Income GOD Gross rent other income vacancy and collection cost Total Expenses Total operating expenses Net Operating Income NOT Total annual income total operating expenses not payments Building Value The percentage of the property s total value assessed to the building Land Value The percentage of the property s total value assessed to the lan
10. player The bank charges 10 interest on the negative balance of the player s bank account CHAPTER FIVE THE CARDS Property Profile The Property Profile Analysis list the properties current starting financial status These profiles may be displayed for the players as they land on the property so they can use this information in making the decision to purchase or not Good or Bad Cards The Good G or Bad B 3 x 4 cards are randomly selected by the program and automatically pop up 171 0i GN B Repairs amp replacement cost 5 000 G Income tax refund 5 000 G Property tax refund 5 000 B Property tax assessment 10 000 G Inheritance 25 000 B Increase in flood insurance 10 000 B Increase in fire insurance 10 000 G Refund from construction cost 10 000 B Additional cost for repairs 20 000 G Inheritance 5 000 B Legal cost 10 000 G Refund overpayment of bond 20 000 B Property tax assessment 20 000 G Insurance refund 20 000 B New roof 10 000 G Court settlement 10 000 B Fine 10 000 CHAPTER SIX OBJECTIVE The object of the game is to present real estate investment experience and practice based on real world values and prices for the experienced and inexperienced real estate investor or real estate professional The objective of the player also referred to as investor is to increase his or her net worth to a predefined amount such as 1 000 000 or a predefined time such as 1 hour He or she acqui
11. property he must have enough money in his her bank balance or a negative balance will be entered for the difference If the Net Worth The negative balance is less than 0 on New Year the player will be bankrupt and out of the game If a player is bankrupt he or she will be removed from the game To remove a player the banker will do the following Be sure the bankrupt player is selected Click the Property button Click the Select Investor s Property button Click the Reset button Click Back to Investors button Click Delete button Click Yes The bankrupted player is now removed from the game and his hers property is available for the remaining players to purchase if they land on the them 2202022202 20 If a Good or Bad card pops up the player will receive some money Good or will be required to pay some money Bad After the first player to have a net worth of 1 000 000 or what ever amount is agreed to the remaining players are allowed to complete their turn then the player with the highest Net Worth is the winner of the game Do the following to end and close a game Click the Property button Click the Select All Property button Click the Reset button Click Yes Click Back to Investors button Click the Delete button and then Yes for each player Click Exit Click Game Click Exit Click Yes 1220222022020 Nomenclature INVESTOR Form Navigation Bar Relates to investor s records only
12. redefined time is reached All players are allowed to complete their turn Some times when the dice button is clicked a Bad card may pop up and the current player may have to pay a fee as described on the card Some times when the dice button is clicked a Good card may pop up and the current player may receive some money as described on the card On the sixth turn a New Year card will pop up and show the player s new Net Worth CHAPTER TWO INSTALLING N W G Download Net Worth Game Install Double click Net Worth Game Install icon Welcome screen will open Click Next Read the user license agreement Click Accept Click Next to accept the destination then Click Next and you will see the option to select or deselect where the icon will be placed Click Next and then Click Install Click Finish You will have the Net Worth Game icon on your desktop Right click on the N W G icon and select properties the properties window will open Click the down arrow of the Run field and select Maximized and then click OK Congratulations you have successfully installed Net Worth Game on your computer System Requirements Net Worth Game runs on the following Windows operating system e Windows XP e Windows Vista e Windows 7 CHAPTER TREE GAME SETUP The game consists of a computer program and an instructional manual accessible from the help menu 1 Install the program on your computer C
13. res his or her wealth by collecting rent and appreciation on property owned Net worth is increase or decrease by good and bad cards The players take turns and the banker launches each player s investor icon around the board to randomly stop on a property At this time the investor may view the property profile to determine if he she wants to invest in the property After an investor reaches the predefined value the remaining players that have not played their turn are allowed to take their turn and the game is ended After the game has ended the player with the highest Net Worth wins the game CHAPTER SEVEN GAME PLAY Select a Banker The banker may or may not be a player in the current game see The Program The Bank The Banker will start the game by Double clicking the Net Worth Game icon on the desktop or click Net Worth Game on the Start menu The Net Worth Game will start with the Registration screen open if the game is not registered After registering the program this screen will not display The Banker will click the Continue button on the Registration screen The Banker will click on Game and then click Start 3693 500 1 950 000 710 000 Apsrment Marfazurng Commercial Bulding Building Bulding INVESTORS Player ID 1 First Name Fred Last Name Smith Bank Balance 400 000 Down Payment Income Net Worth 400 000 Payments PROPERTY sy 23 su Property ID O Turn Count Q Navigat
14. rice 500 000 Down Payment 100 000 Equity 100 000 Appreciation 5 Income Adjustment 5 Expenses Adjustment 5 Player ID 2 First Name Maria Last Name zanho Back to Investors mizanhourepublications com mizanhour com redgatemortgage com lf the player wants to purchase the property he she will request the Property Profile Sheet or request to view Property Profile on the screen To view the property profile on screen the banker will click the Property button then click the Analysis tab The correct property should already be selected check the Property ID to be sure The buyer will check the Cash Flow to see if the property has acceptable return on investment After deciding to purchase the property the player will instruct the banker that he she wants to buy the property The banker will click on the investor tab and after locating the property he will double click on the investor column next to the Property ID The Player s ID will be entered double click again if you wish to reverse the entry PROPERTY PROFILE Investor Property Analysis gt gt gt gt gt gt gt gt RESET lt lt lt lt lt lt lt lt Property Listings Grid Investor Property ID Description Address City State Cost Value Equity 110Unit Apartment Building 123 Back St Capital CA 500 000 100 000
15. y section is divided into three parts the Investor Property and the Analysis parts 1 The Investor part lists all the property in the order of their Property ID and the Investor s ID number is entered when the property is purchased When the Select Investor s Property button is clicked only the property of the selected investor is displayed in the grid 2 The Property part describes the property and its features 3 The Analysis part is were the properties financial calculations are displayed The program lists all of the property and keeps track of owners and the property they own The program keeps track of amount owed and payments on each property Income amp Fees Fees are amounts listed on Bad cards and are automatically deducted from players bank balance and net worth Income are amounts listed on Good cards and are automatically added to players bank balance and net worth Annual Adjustments Appreciation Income and Expenses are calculated for each player s property after he she completes 6 turns New Year The Bank The Bank distributes the starting bank roll automatically done by program The Banker operates the computer program The Banker has all of the property profiles and deeds The banker collects all fines mortgage payments assessments repair cost automatically done by program The Banker makes mortgage loans of the remaining down payment if a purchase down payment exceeds the bank balance of the
Download Pdf Manuals
Related Search