Dean Graziosi Weekly Wisdom #217 - Seeking Investor Area Managers

1. The Greater Kansas City, KS/MO
2. The U. Rate on Oct 2011:7.5% to Oct 2012: 6.4%.
3. The median sales in KC, MO/KS for Feb 2012 to Nov 2012 was $69,986
4. The average rent: $850-$950
5. The average annual taxes for 3beds? about $1,595
6. DOM: about 30-50 days.

PS: So many foreclosure houses in the Greater Kansas City area in KS/MO are vacant & looking for investors like you're. Please invest in KC, KS/MO areas. Therefore, selling prices are falling down consistently in these areas. Looking forward to.
Sincerely,
Rebecca Flaig

Town: Methuen
Unemployment rate now 8.2 : 12 months ago 9.7
Avg. price of 3 bedroom $245,000
Avg. rent $1600
Taxes $3000
DOM 83

1- Windsor Mill, Maryland

2- Current unemployment rate in Windsor Mill (zip 21244) is 6.90 Recent job growth is Positive

3- 3 Bedrooms / 2 Baths $150,000 - $250,000

4- Rent for a 3 Bedroom - $1,675.00

5- $2,300 Yearly Taxes

6- Days on Market 60 to 90 Days

1. What city are you in? Cedar Rapids, Linn County, IA
2. What is the current unemployment rate and what was it 12 months ago? 5.5% down to 4.8%
3. What’s the current average cost of 3 bedroom house in your area? Range from $80k, older home, older but safe neighborhood; to $250k in “wanna’ be up-scale” new neighborhood; “average” value for “average 3/1 home” ranges from $129k to $159k
4. What’s the average rent for that same house? $1200 - $1500 (rent about $9 to 10/$1000 of value)
5. What are the average annual taxes for that property? Taxes $2600 for $150k
6. What are the current days on market? Split market, ranging from 30 days for move in ready home in good location with good price, to 6 months or more for home needing work or price adjustment.
I work in the “affordable” housing area of houses worth in the $100k range, below the average in town. In the last 2+ years I have purchased 4 homes and am negotiating on 2 more, all well under market (3 foreclosures, 1 pre foreclosure, 1 estate, 1 from a friend). Average total investment per home (purchase and repair) about $50k. All rented with a net positive cash flow from $210 to $400/mo.
You have my e-mail if you have any questions! Thanks. Mary

1. I live in Merritt Island, FL.

2. The current unemployment rate is 9.27% from 11.03 a year ago.

3. The current average cost of 3 bedroom home in Merritt Island is $167,445, which includes both waterfront and non-waterfront homes.

4. The average rent for 3 bedroom homes is $1000, including both waterfront and non-waterfront homes.

5. The average annual taxes for that property would be $1,087.

6. There were 193 3 bedroom homes on the market for less than 30 days in 2012.

One more stat that may interest you is 203 of the 483 3 bedroom homes sold in 2012 were purchased with cash.

Hope this helps you.
Thanks,
Linda

1. Miami, Florida

2. Current is 8.9% - it was about 8.6%

3. This depends a lot on condition and location in Miami:
Lower end neighborhoods: $40-85K
Higher End Neighborhoods: $175-250K

4. Lower End: $1200
Higher End: $2200

5. Lower End: $1800
Higher End:$4200

6. 60-75

I am also a RE Agent!!! Hoping to hear back from you guys!!!

Sorry, Although I had the unemployment rate in my head, I left it out, Here it is:

Current Houston Unemployment rate 6.4% one year ago 7.6%

STATISTICS FOR 3 BEDROOM HOUSE

HOUSTON, TX - GREATER METROPOLITAN AREA

UNEMPLOYMENT RATE: 6.4% ONE YEAR AGO: 7.6%

AVERAGE SALES COST: Low $63,750 High $309,000

AVERAGE RENT COST: Low $905 High $6000

AVERAGE TAX: Low $1420.04 High $6979.45

AVERAGE DAYS ON MARKET: 6.2 Months

Houston is a great place to start buying. It's diversity provides a wide spectrum of good homes for sale at or below market value.

1. Location - Laurel/Bowie, Maryland area

2. Avg Unemployment as of 9/2012 5.6% down from 6.5%

3. Avg cost of 3 BR house - $225,000

4. Avg rental of house - $1800

5. Avg taxes - $3475

6. DOM - 4 months

1. Where? Rochester, NY

(special note: Great, stable buy and hold town// with colleges, universities, lots of skilled jobs ops, development is constant, new businesses keep coming, city is always building new residential units, international melting pot of cultures, Three major hospital systems, 24 hour stores, active night life and pages of daily entertainment to choose from for all ages. Property values are still appreciating even in present national housing crisis. ((my property value increased $10,000 between 2011 and 2012)) Lots of renters.
hottest zips to buy quality rental properties to hold long term: 14607,14620,14623,14622,14610,14618)

2. Unemployment Rate? Start of year 8.4%
End of year 7%

3. AVG cost for a single fam. 3 bedroom?
wide variation: $60,000 - $150,000
Avg. $114,000

4. AVG cost for rent on a 3 bedroom home?
$750 - $1800
Hottest zip codes AVG $1,100

5. AVG taxes for 3 bedroom home?
$34 per $1,000 assessed value
AVG. $3,000 - $4,000

6. Current days on market?
AVG 80 days

Happy prospecting.

1. Ooltewah, TN
2. The unemployment rate in 09/2011 was 8.1; In 09/2012 it was down to 7.1.
3. The average cost of a 3 bedroom house in Ooltewah is $125,000.
4. Average rent is between $800-$1200
5. Annual taxes are $900
6. Average days on the market is 92

Ooltewah is a growing area with a lot of potential!

1. Birmingham, Alabama
2. Current unemployment rate 7.0% down from 7.6%
3. Average costo of 3 bedroom 2 bath $ 115,000
4. Average rent $1000.00 to $1200.00 a month
5. Average annual taxes is $1150.00
6. Average days on market 110 days

1. What city are you in?Philadelphia

2. What is the current unemployment rate and what was it 12 months ago?8-9%

3. What’s the current average cost of 3 bedroom house in your area?45,000-65,000

4. What’s the average rent for that same house?$650-$800

5. What are the average annual taxes for that property?1200

6. What are the current days on market?6-8 months

1. Ojai, CA
2. Current unemployment rate 9.27% from 10.28%
3. 3 bedroom average cost $400,000-$500,000
4. average rent $2000+
5. average taxes $4-$5000
6. average days on market 100+

1. What city are you in?
San Antonio Texas

2. What is the current unemployment rate and
what was it 12 months ago?

6.0% & 7.6% in December 2011.

3. What’s the current average cost of 3
bedroom house in your area?

Average 3 Bedroom is $80,915 while the average home is $159,000.

4. What’s the average rent for that same
house?
$950 - $1050

5. What are the average annual taxes for
that property?
2012 - 1,051.68

6. What are the current days on market?
85 - 90 days.

1. What city are you in? Chicago
2. What is the current unemployment rate 9.7% and what was it 12 months ago? 10.5%
3. What’s the current average cost of 3 bedroom house in your area? $200-$225,000
4. What’s the average rent for that same house? $1,800
5. What are the average annual taxes for that property? $4,250
6. What are the current days on market? 90 or more

(1) Gainesville, Florida
(2) Unemployment rate: currently 7.3%
12 months ago: 6.6%
(3) Average cost of 3 bed house: $126,300
(4) Average rent for same 3 bed house: $1500/mos
(5) Average tax for same 3 bed house: $2,158/yr
(6) Current DOM in this area: 137

Thanks for the opportunity,
Darla Taylor

1 & 2..Winneconne, WI 54986 Unemployment rate 6.7% Nov.2012 8.5% Dec.2011
3. 3 BDR home ave.cost $80,000 - $300,000. A lot of water front properties raise this even higher.
4. Ave.rent $500 - $1500.00
5. Ave.taxes $2400. - $5000.00
6. Curr. D.O.M. - 114 days +

1. Raleigh, North Carolina
2. Current unemployment rate (as of Sept 2012)-6.4%; 2011 it was 7.4%
3. Avg. cost of 3 bedroom house = $150,000
4. Avg. rent = $1000/mo.
5. Avg annual taxes = $1392
6. current dom = 100

Here are the six questions to answer:
1. What city are you in?

Milwaukee, Wisconsin

2. What is the current unemployment rate and what was it 12 months ago?

7.9%

3. What’s the current average cost of 3 bedroom house in your area?

$95,000

4. What’s the average rent for that same house?

$900.00

5. What are the average annual taxes for that property?

$3,900.00

6. What are the current days on market?

79

Please do your research and post your answers below.

I have been doing extremely well in Seminole/Largo/Palm Harbor FL (suburbs of St Pete/Clearwater) Have mostly done buy/hold/rents starting to wholesale because have more amazing deals than I can handle...

Unemployment...some sites saying around 5%
homefacts.com listing 9.6% 1/12 and 8.4% 9/12

My 3 bedroom homes, which reflect area avg have run between 120K and 170K

Currently taking less than 2-3 weeks to fill my vacancies, last one was 3 days; my lowest rent is 1350 for 2/2 up to 1600 for 3/2

My taxes are between 1300-2200

DOM 36 per my realtor today

Thanks!!

I have been doing extremely well in Seminole/Largo/Palm Harbor FL (suburbs of St Pete/Clearwater) Have mostly done buy/hold/rents starting to wholesale because have more amazing deals than I can handle...

Unemployment...some sites saying around 5%
homefacts.com listing 9.6% 1/12 and 8.4% 9/12

My 3 bedroom homes, which reflect area avg have run between 120K and 170K

Currently taking less than 2-3 weeks to fill my vacancies, last one was 3 days; my lowest rent is 1350 for 2/2 up to 1600 for 3/2

My taxes are between 1300-2200

DOM 36 per my realtor today

Thanks!!

1. What city are you in?
- Seatac, WA
2. What is the current unemployment rate and what was it 12 months ago?
- Current 6.1% 12 Months ago 8%
3. What’s the current average cost of 3 bedroom house in your area?
-$174,000
4. What’s the average rent for that same house?
- $1300
5. What are the average annual taxes for that property?
- $3000
6. What are the current days on market?
- 130 days

St Paul, MN

Unemployment rate currently; 5.3% yr ago; 5.9%

Average median sale in St Paul: now/$135,000
increase of 10.7% compared to 12 months ago, ($122,000)

Rents avg $1300/mo

Avg taxes $2000

Avg days on market, in zip code 55106- 61 days.
Randomly picked 55106 which is part of St Paul.

I live in an area that the real estate prices range from $10k to $1 million within 50 mile radius.
2 other DG students and I just purchased a tax lien for $10,500. We have rented it out and are in the process of trying to sell it flip it to a rehabber. Have positive cash flow. We took your class in October 2012. Ya hooooooo.
I look forward to working with you both. Thanks a million. Have a super day.
Todd Johnson
Lucky Homes LLC
612-387-2787

1. Hinesville, GA

2. 8% September 2012

3. $69,000

4. $1,100

5. $3,025

6. 364

Hinesville is a small town with plenty of foreclosed, reduced, and vacant homes to sell for really cheap prices.

San Antonio (Bexar County) Texas
6.0% Unemployment - (7.6% 12 mo. ago)
Avg. 3br/2ba - Sept. - Nov. 2012 - $76,804 (2011 - 76,799) (71,402 5 yrs. prior)
All properties sold in 2012 - avg. up 1.5% over 2011.
Avg. rent - 3br. 720.00 (15 listing avg. - Craigslist)
Property Taxes - $1,740.00 on $76,804
Avg. D.O.M. - 89

San Antonio is booming! We have many low to mid level neighborhoods, especially on the south side which shows in the average price. The avg. home prices range from the 120's to 250's in the north & west sides. And many areas are 300 - 500k and up in the North & outer areas. I'm sure you're aware of just how much of a prime real estate market San Antonio is! Could there BE a better place in the country right now!I'm ready to go!
Dean! Matt! I'm already an EDGE student! Been thru the DVD's AND The Mastermind Sessions online 3 TIMES already!! I have a Real Estate agent already working for me! He's pulled MLS 'Cash Solds' and "As IS"; "Vacant"; Price reduction; estate sale, etc. for me already... AND he's pulling comps now for my first offer!
I also own an Energy Home Improvement company and have a background in Home Improvements, so I'm ready to hit the ground running!!
Now is the time for San Antonio!! But I'm sure you already KNOW that! Give me a call !! I'm moving forward anyway... I'd rather work WITH you guys than have you take deals I might bid on!
Here's to a GREAT 2013!! Here's my info:

Chip Follis
[email protected]
210.995.8700

1-Charlotte, NC

2-Oct. 2011 (9.7%) Cabarrus county
-Oct. 2012 (8.1%)

3-$133,000

4-$930

5-$1.3 per sq.ft.

6-77 days

1. Providence, RI
2. 10.3, down from about 12% a year ago.
3. The median sales price for homes in Providence RI for Sep 12 to Nov 12 was $110,000. This represents a decline of 9.7%, or $11,858, compared to the prior quarter and a decrease of 3.5% compared to the prior year. Sales prices have depreciated 47.2% over the last 5 years in Providence.
4. Avg rent for 3 bed house or apartment is 1,100 per month.
5. Avg annual tax, 4,000
6. DOM 90

Providence is a collage town and has lots of multi families. Just like every big city it has very nice sections to lower income sections.

Thank You,
John

1. What city are you in? I hope you don't mind if I'm thinking a little large at the moment? I have three counties I believe are primed. Manitowac, Sheboygan and Marathon counties, Wisconsin
2. What is the current unemployment rate and what was it 12 months ago? Current unemployment rate is down from 7.1% in November 2011 to 6.7% November 2012. People are employed and have money for rentals.
3. What’s the current average cost of 3 bedroom house in your area? Average cost in all three counties is $110,000.
4. What’s the average rent for that same house? Average rent is $875.00 With very few home rentals to choose from and 250 foreclosures in just these three counties listed on just one web site.
5. What are the average annual taxes for that property? Average annual property tax is $2100
6. What are the current days on market? Average current days on market is 210 days - that's what I'm talking about.

Dean, I've been servicing the greater south east Wisconsin area for 26 years, I'm just re-getting going with your concepts after a failed attempt one year ago. I'm excited about making another run at this. I've always known this was for me. I hope we can work together in Wisconsin.

Hi Dean,
Below are my answers for the 6 questions thanks for the opportunity to be part of the DG family !
1. Sanford NC
2. Unempoyment 8%
3. Avg 3 br home $120K to 145K
4. Rent for $850 to $1200
5. Avg ann taxes in town limits $1900 per year
Outside limits $1000 per year
6. Current days on market would be 180 to 700

Thanks & hope to hear from you.
Frank G
Sanford NC