if you have rackets, you cannot have properties. rackets is where you can get your income.
you must buy them.
(22.09.09) If you newly join the game, and have access to Rackets tab & Influence points, you won't have Properties options. Something new Zygna is trying on.
You must be in Cuba and unlock it.
you can buy properties in Mafia Wars if you have enough money to buy them regardless of the level. you can buy properties from $10,000 to $40,000,000.
you can get properties in Mafia wars upon buying first site on where you need to build the structure and then buy the desired business.
You can purchase properties in "Properties". First you have to buy a corresponding land for the property that you wanted to buy. For example you want to buy a Mafia Mike's property, you should first buy a Vacant Lot for you to buy Mafia Mike's and same goes for the other properties.
You can only buy properties if you are a Mogul, which really stinks since I was a Maniac... but if you are a Mogul then just click Properties.
Yes, You should if you cant try to get achievement.
go to the properties/rackets tab in your Mafia Wars there you can see the properties available and the amount. if you have properties, just buy the abandoned lot there and in rackets, you must first click on the button collect your take (if you have any) before buying any property.
There was a glitch where you were able to buy a certain number of properties you normally can't and resell them for more money but the guy who figured it out reported it to Zynga the maker of Mafia Wars.
If you have just started playing than you probably have the rackets tab instead of properties. This is a new system Zynga is implementing into Mafia Wars to make it look less like Mobsters. Apparently the rackets will be implemented for all players, but as for now it is just low level, new players.
Go to your NY properties, select :) or buy them with loyalty points, 10 for 200