Land Banking ONLY works under these conditions:

- All Undeveloped Lands (from Empty Lots to Container Yards)
- The first 10 quantities of Lands purchased in bulk.
- Selling the 10 quantities in bulk.

Compare this with putting money in the Mob Wars Bank where you are taxed 10% for each deposit. Ouch.

When you buy 10 of each Undeveloped Land as a Land Bank strategy, you would have put aside exactly $110,550,000. And that's a sum that's untouchable by other mobster attacks.

No, Land Banking does not work with the Establishments. When you sell Establishments, you only get back the half value of the Establishments and nothing on the Undeveloped Lands.

Important Note: How do you cash out the Land Bank to make other purchases?

Remember: Always sell in 10s.

When you can afford to buy 5 Apartments, you gain the best purchase value and cash retention when you follow this sequence:

- Sell your 10 (LandBank) City Blocks in bulk first
- Buy 5 City Blocks in bulk
- Buy the 5 Apartments (which would use up the 5 city blocks).

## 2 comments:

Is my math wrong or this whole buying empty lots over banking your cash is false once you buy the initial 10 empty lots?

The theory:

(I) original starting price, you will expense a) $5,000 * 10 = $50,000.

Now when you sell them [ALL TEN] in one go you will still be paid at

b) $10,000 * 10 * 50% = $50,000 (Check - all good)

This theory only holds true...if each 10 emnpty lot you buy ..2x the price you bought it for

but it doesn't..once you buy the initial 10 empty lots

the price of the emtpy lots only increase by the intial amount..

5,000, 1,0000, 15,000, 20,000,25,000,30,000,35,0000 etc..

(II) Thus, here's where the idea fails:

a)Buy the 2nd set of 10 empty lots: $10,000 * 10 = $100,000

b)Sell: $15,000 * 10 * 50% = $75,000

Thus you actually lose 25% vs the 10% in banking (a loss of $25,000).

????

Styling, you're restating exactly what was said before. It only works for the FIRST TEN. No one claimed it works after the initial ten lots on any given type of property.

Read the original post more carefully.

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