Dean Graziosi Weekly Wisdom #217 - Seeking Investor Area Managers

Imagine if you could get paid for bringing deals to Dean? And just for applying for that opportunity, you wound up with a spanking new mini-iPad too? Wouldn’t that be sweet? Well stop imagining. It could be you. Watch this video and leave your post below. You could win Dean’s mini-iPad and be his next area manager – too easy.

Here are the six questions to answer:
1. What city are you in?
2. What is the current unemployment rate and what was it 12 months ago?
3. What’s the current average cost of 3 bedroom house in your area?
4. What’s the average rent for that same house?
5. What are the average annual taxes for that property?
6. What are the current days on market?

Please do your research and post your answers below.

This market is heating up!

Hello Dean & Matt,

1). Location: Madison, WI USA

2). Current unemployment rate as of Dec 2012: 4.4% down from 5.7% Dec 2011

3). Median sales price of 3 bed house: $184,900

4). Avg. rent for same house: $1295/mo

5). Avg. annual property taxes for same house: approximately $3780/yr

6). Current dom: 81

Let's make 2013 our best year ever!

Answers

Jay_808's picture

1. Mountain View, CA
2. 5.9% Now, 7.6% last year
3. $858K
4. $2645/Mo
5. $6400/Yr Taxes
6. 17 Avg DOM

Best Wishes,

Jay

answers

mrbrassring's picture

1. What city are you in?
San Antonio Texas

2. What is the current unemployment rate and what was it 12 months ago?
Current 6.0%, and 12 months ago 7.6%

3. What’s the current average cost of 3
bedroom house in your area?
$80,915 While the average home sale is $159K

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

5. What are the average annual taxes for that property?
$1051

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

South Shore Area

mariabutner14's picture

Currently working all of South Shore Ma

City = Halifax, Ma
current average sale homes 200K
Current unemployment rate 7.3 from 8.1
Average rent 2,000
Average taxes 3,600
DOM 90 days

Area Manager - White Plains, NY

1. City: White Plains, NY (Westchester County)
2. Unemployment Rate: 6.4% 12 months ago: 6.6%
3. Ave Cost 3-Bedroom: $565,000
4. Ave Rent 3-Bedroom: $3800
5. Ave Property Taxes: $13,100
6. Ave DOM: 138 days

Answers to 6 questions

1. city i'm in - oklahoma city
2. current unemploy rate - about 4.5, 12 mos ago, was 5.5
3. avg cost of 3BR - $137,250
4. agv rent for same, about $850
5. avg annual taxes about $1000
6. current days on market- about 81

Home work

1.Santa Clara, Ca.
2.Current 7.8 was 9.1
3.$600K
4.$2,150.00
5.$3,100.00 non prop. 13
6.Not a easy one but 40 day is what I can best gather.

Home work

1.Santa Clara, Ca.
2.Current 7.8 was 9.1
3.$600K
4.$2,150.00
5.$3,100.00 non prop. 13
6.Not a easy one but 40 day is what I can best gather
one year ago was 165 now it's 40.

Tampa Fl Area

MrED's picture

1)Area, Tampa, Fl metro area; Brandon 33511, Riverview 33569, New Tampa 33647, South Tampa 33616, Tampa 33604

2) Unemployment as of December 2012 7.8%
Unemployment as of December 2011 12%

3)Average 3 bedroom Brandon 127,288; Riverview 142,811; New Tampa 179,600 South Tampa 170,625 Tampa (Sulfer Springs) 49,768

4)Average 3 bedroom rent. Brandon 1345. Riverview 1490. New Tampa 1650. South Tampa 1510. Tampa (Sulfer Springs) 790.

5)Average property tax Tampa/Hillsborough County 2300. except Sulfer Springs 370.

6)Average days on market. 75
Sample of the Tampa area with many other neighborhoods and variations within the market.

Answers to WW #217

1. City - Tucson, AZ

2. Unemployment as of Oct 2012 = 7.8%, down from 8.9 in Oct 2011

3. Average cost of 3bd - 140K

4. Average Rent for 3bd - $1100

5. Average Annual taxes for the property: $1700

6. DOM - 60 days average

Seeking Area Managers West Palm Beach

1-What is your city?
West Palm Beach Florida.

2- What is the current unemployment rate What was the rate for past 12 months?
Current unemployment rate 7.8 for the past 12 months 9.8

3- What is he current average cost of a 3 bedrooms house in your area?
4/2 $89,000

4- What is the average rent for the same house?
$ 1,500

5- What are the average taxes for the property?
$708.41

6- What are the current days on market?
3 days

Answers

1. Lancaster, CA-bedroom community for Los Angeles
2. unemployment was 16.8 now 14.3
3. 3 Bedroom home 145,000
4. Rent $1295.
5. Taxes 1.25% --$1812.50 annually
6. days on market 120

jmr54

1.Santa Clara,Ca.
2. Current 7.8 was a year ago 9.1
3. $600k
4.$2,150K
5.$3,100k
6.was a year ago 165 now it's 40.

Answers

1. What city are you in? Killeen, TX
2. What is the current unemployment rate and what was it 12 months ago? October 2012 7.0 12 months ago 8.4
3. What’s the current average cost of 3 bedroom house in your area? 112,500
4. What’s the average rent for that same house? $830
5. What are the average annual taxes for that property? $3,000
6. What are the current days on market? 82

Seeking Investor area Managers - Petoskey, Michigan

I live in Petoskey, Michigan.

1. What is the current unemployment rate for Petoskey, Michigan as well as a year ago?

Currently the rate is 10.3%
As of 1/2012 the rate was 15%

2. What is the average cost on a 3 bedroom 2 bath house?

$127,770

3. What is the average cost on rent on a 3 bedroom 2 bath home?

$794.00

4. What is the average tax on a 3 bedroom 2 bath home in the area?

$2,058.31

5. What are is the average DOM on the homes?

161 days

I think this area would be the perfect spot. This is where people come for vacation. Not only are there at least three ski resorts in the area but also they come to fish year round.
Thank you for your consideration.

Cheryl

Your Area Manager :)

1.Yonkers, NY 10705

2.Unemployment rate 10/2011- 8.3%; 10/2012- 8.6%

3.Avg cost of a 3BR house is $463,225

4.Avg rent is $2030/mo

5.Avg annual property tax is $13,000

6.Avg current days on the mkt is 4mos

Answers

Great area with lots of homes for sale. Would love to work with you and become your newest Investor Area Manager
1. What city are you in? Killeen, TX
2. What is the current unemployment rate and what was it 12 months ago? October 2012 7.0 12 months ago 8.4
3. What’s the current average cost of 3 bedroom house in your area? 112,500
4. What’s the average rent for that same house? $830
5. What are the average annual taxes for that property? $3,000
6. What are the current days on market? 82

Investor Area Manager

janet56's picture

1. Elizabeth City, NC 27909
2. Unemployment rate now 10.7
1 year ago 10.8
3.Avg cost of 3Bd home = 122000.
4. Avg. Rent 850.
5. Property Tax Avg. 960./yr
6. DOM 173

The HUD properties are selling at great prices -
There are several great deals on the market right now. This is one of them....

http://www.navicamls.net/displays/?n=211&i=2135163&k=6lNQXaeW

Can't reach this link? Google
7 Tanglelwood Drive Elizabeth City, NC 27909

Let's get this one under contract! GREAT LOCATION - just outside of the city limits - no city taxes! BRICK - low maintenance. Close to EVERYTHING yet quiet country living.

Area Managers

1. What city are you in? Madison WI

2. What is the current unemployment rate and what was it 12 months ago? Current is 4.5% a year ago it was 5%.

3. What’s the current average cost of 3 bedroom house in your area? $184950

4. What’s the average rent for that same house? $1298

5. What are the average annual taxes for that property? $3845

6. What are the current days on market? 180+

Seeking Investor Area Managers-Victorville/Los Angeles

Here are the six questions to answer:
1. What city are you in?
Victorville/ Los Angeles, CA

2. What is the current unemployment rate and what was it 12 months ago?
Current 9.2%, and 12 months ago 11.6%

3. What’s the current average cost of 3 bedroom house in your area?
Victorville $150K (6-9 years old)
Los Angeles $450K (30-40 years old)

4. What’s the average rent for that same house?
Victorville $800-$900 per month
Los Angeles $1,500- $2,000 per month.

5. What are the average annual taxes for that property?
Victorville $1,600
Los Angeles $5,000

6. What are the current days on market?
3 to 4 months

Investment Managers - New England

HappyHomesREI's picture

City location: Westminster, MA

Unemployment in MA is currenlty %6.6 dwon from %7.2 a year ago.

The current average seeling price of a 3 bedroom SFR in our area of Massachussets is $192,400. Houses in New England vary greatly on styles, year built, area and size. The year over year price index is +%2.2

Taxes are always going up. In my area it is at 3600/year for a house that sold at 192,400.
2011 taxes were $3537. 2010 taxes were $3488.

A rental of an SFR is between 1200-1800/month.

Average DOM remains at 158.142 days. Less inventory as well. Places are selling !!

Thank you Dean and friends Smiling

Happy New Year To Everyone !!

Gainesville, Florida

1. City and State: Gainesville, Florida

2. Current unemployment rate: 6.2%
12 months ago: 8.1%

3. Average cost of 3 BR house: $128,000

4. Average rent for same house: $1,250

5. Average annual taxes for that property: $2067

6. Current days on market: 133

Seeking Investor Area Managers-Victorville/Los Angeles

Here are the six questions to answer:
1. What city are you in?
Victorville/ Los Angeles, CA

2. What is the current unemployment rate and what was it 12 months ago?
Current 9.2%, and 12 months ago 11.6%

3. What’s the current average cost of 3 bedroom house in your area?
Victorville $150K (6-9 years old)
Los Angeles $450K (30-40 years old)

4. What’s the average rent for that same house?
Victorville $800-$900 per month
Los Angeles $1,500- $2,000 per month.

5. What are the average annual taxes for that property?
Victorville $1,600
Los Angeles $5,000

6. What are the current days on market?
3 to 4 months

Area Manager

1) Columbia, Mo. 65202

2) Today 4.2% one year ago 6.2%

3) 135,000 avg sales price 3 bdrm

4) 825.00/ month rent

5) 1450.00 year property tax

6) over 80 day's

Trulia states that 42% of Columbia Mo. residential housing is rented. There are 1031 houses currently for sale of which 71 are foreclosures. avg price per sq. ft. $71.00

Area Manager

jokitty92's picture

1.City Located- Odenton, MD 21113

2.Unemployment Rate- 2011-6.6/2012-5.5

3.Average Home Value- $253,100
Average for Maryland- 228,200

4.Average Rent- $1750 to $2300

5.Average Taxes- $225,400

6.Current Days on Market- 91

Odenton is in the BRAC movement which is the base realignment that is happening because of closing down bases across the country. Odenton is rebuilding the community and building for new homeowners and tenants.Investors are buying properties and holding them for rentals.

Area Manager

1. Minneapolis, MN
2. 5.2% unemployment 2012, 5.6% unemployment 2011
3. Average Cost of 3BR house, $175K
4. Average Rent, $1500/mo
5. Average Taxes, $2800/yr
6. Days on Market, 75

Thanks for the opportunity!

Reply to weekly wisdom

Mike P's picture

1. Pasadena, Texas
2. Current Unemployment (5.8%) 12 months ago (7.2%)
3. Zip 77506 Average 3 bedroom 80k-100k
4. Average Rent 800-950
5. Average taxes $940
6. DOM 91

To Answer Question

1. What city are you in?
2. What is the current unemployment rate and what was it 12 months ago?
3. What’s the current average cost of 3 bedroom house in your area?
4. What’s the average rent for that same house?
5. What are the average annual taxes for that property?
6. What are the current days on market?

1. Snellvile, Georgia
2. Current Unemployment= 7.8% as of January 2013, Unemployment 12 Months Ago= 8.3%
3. 125,000
4. $1,200
5. $2,372
6. 21 Days
6.

Weekly Wisdom #217 - Seeking Investor Area Managers

City: Canton
Current Unemployment: 7.2%
Year ago Unemployment: 10.3%
Average cost of 3 bedroom house: $77,200 in zip code 44706
Average Rent: $765
Average Property Taxes: $1,343/yr.
Current days on market: 127 days.

There are 3 state college or university in the area. Home of the Football Hall of Fame.
President McKinley was born & buried here. McKinley museum and planetarium.

Weekly wisdom # 217

1. Garfield NJ

2. Jan.2012-13.9%
Present-12.4%

3. 290 K

4. $2000

5. $5000

6. 75 days If the house is renovated not even a week.Smiling