Friday, October 31, 2014

Homevesting: Wes Smith Makes Real Estate Investing Fun

Hi, I’m Wes Smith, CEO and CCO of 3 Monkey Games at  I have Rescued, Rehabbed, and Re-sold approximately 60 single family homes in and around the Wichita, Kansas area.  I am currently working on my biggest rescue yet: a 360 unit--90 building, 23 acre apartment community in Wichita.  This is a daunting task and a huge step in my real estate investor career.

I have also created over 15 board and card games under the 3 monkey label, Monkey Poker, Monster Monkeys on Trick r Treat Street just to name a couple.  My latest and greatest hit as a game innovator is Homevesting, a board game and a Phone app where you, the player, get to Rescue, Rehab, and Resell properties for fun and cash. Wait did he say cash? Yes, that's right! Players play the game for prizes including cash, electronics and other prizes, and soon I will be giving away a house!   
3 Monkey Games created Homevesting as a fun way to learn the ins and outs of the Rescue, Rehab and Resell, real estate world, and to teach kids the concept of paper trading with fun characters that keeps them engaged.  Here’s a little blurb from the site for you:

Come learn what Tony Robbins, Robert Kiyosaki, Carlton Sheets and Armando Montelongo charge thousands of dollars for.

Learn the trials and tribulations that come along with the adventure of real estate investing and have fun doing it. Play HOMEVESTING: THE PROPERTY INVESTMENT GAME. 

The Deluxe version of the board game also includes online access to our online game that you can use to play in our online tournaments and win real prizes, including the opportunity to Rescue, Rehab and Resell a real-life home for profit.  

With the Homevesting app, players start out with ugly houses, roll dice to accumulate construction workers, and turn that ugly house into a lovely one.  But be warned, you only get a certain amount of rolls per level.  (More can be purchased in in the "settings" menu on the top left corner. You can select a different "hand" to roll while there too).

My Chance Meeting:

I got into real estate about 20 years ago working as a title clerk for a mortgage insurance company.  I would see investors stream through, buying investment properties.  I soon realized that if I wanted more out of life, I would have to do more than push paperwork.  I needed to invest.

I met a farmer that had taken 100,000.00 in seed money (pun intended) and had through shrewd investing in real estate, grown that money into 2.3 million!  He was now in the business of hard money loans.

We developed a partnership and within a two year period, had purchased and rehabbed over 286 units, multi and single family.   We resold a few and retained a good number for hold. This lasted for four years and we decided to sell while the market was hot. We sold the remaining units to an investor from California and parted ways.

 My Work with My Brother-In-Law Turns into an Innovation:

I then went to work with my brother-in-law, rescuing, rehabbing and reselling single family homes.  During this time I decided to keep a journal of all the crazy things people experience during these types of projects. Well, not being an “inside the box thinker,” I decided the best way to tell my story was to create a game that not only educated, but entertained people in  “the ways of the real estate investor.”

So, I packaged up my stories and went into development of the Homevesting game, originally called, 3 Monkey Investments Wheelin’ and Dealin’.  The game’s play cards reflect real life situations I often ran into while rescuing, rehabbing and reselling homes.  Things like badgers in the attic.  Funny to think about, but really hard to deal with in real life.

I feel fortunate that I am able to combine two great things in my life, Game Production and Real Estate, and tell my story from a different perspective.

Good luck!

Wes Smith 

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