if you land on a property on your turn and you dont have enough to buy it, can you morgage one of the propertys you already own so you have the money to buy?
2007-01-04 11:47:35 · 16 answers · asked by chrissys08 2 in Games & Recreation ➔ Board Games
yes, but I would only do it if the property you are purchasing will bring in a higher income. For instance, don't mortgage boardwalk to buy Illinois, but I would definitely do it to buy Park Place if I couldn't get what I needed mortgaging little ones like Baltic and connecticut.
2007-01-05 02:00:38 · answer #1 · answered by masihskitter4god 2 · 0⤊ 0⤋
no.
appologies:
Unimproved properties can be mortgaged through the Bank at any time. Before an improved property can be mortgaged, all the buildings on all the properties of its colour-group must be sold back to the Bank at half price. The mortgage value is printed on each Title Deed card.
No rent can be collected on mortgaged properties or utilities, but rent can be collected on unmortgaged properties in the same group.
In order to lift the mortgage, the owner must pay the Bank the amount of mortgage plus 10% interest. When all the properties of a colour-group are no longer mortgaged, the owner may begin to buy back houses at full price.
The player who mortgages property retains possession of it and no other player may secure it by lifting the mortgage from the Bank. However, the owner may sell this mortgaged property to another player at any agreed price. If you are the new owner, you may lift the mortgage at once if you wish by paying off the mortgage plus 10% interest to the Bank. If the mortgage is not lifted at once, you must pay the Bank 10% interest when you buy the property and if you lift the mortgage later you must pay the Bank an additional 10% interest as well as the amount of the mortgage.
2007-01-04 11:49:43 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Morgage property takes up one of your turns therefore you can not sell your property and buy another one in the same turn.
2007-01-04 11:49:58 · answer #3 · answered by daisyhuff4 2 · 0⤊ 0⤋
Yes to both. I have a cousin and aunt who like to make up their own rules too. Be careful and good luck!
2016-03-29 08:08:45 · answer #4 · answered by Sharon 4 · 0⤊ 0⤋
YEP!!! Sure can. In fact, they love to give loans like this because of the collateral aspect. You are smart to look into this; the tax bennefits are incredible as well. Good luck!
2007-01-04 11:51:36 · answer #5 · answered by Anonymous · 0⤊ 1⤋
yes
2007-01-04 13:29:33 · answer #6 · answered by erich s 1 · 0⤊ 0⤋
yes
2007-01-04 11:53:29 · answer #7 · answered by bob d 2 · 0⤊ 0⤋
yes
2007-01-04 11:49:49 · answer #8 · answered by Badman5000 1 · 0⤊ 0⤋
Yes you can but it had better be worth it in the long haul.
2007-01-04 12:00:40 · answer #9 · answered by Future Citizen of Forvik 7 · 0⤊ 0⤋
yes its part of the game but pay it off asap so you can ern income on it again.
2007-01-04 11:49:37 · answer #10 · answered by Anonymous · 1⤊ 0⤋