Dean Graziosi Weekly Wisdom #217 - Seeking Investor Area Managers

1) Unemployment rate is 7.4% - down from 8.6% 12 months ago

2) Average cost of a 3 bedroom home - $80.714 (list was $152,211 - Trulia)

3) Average rent for 3 bedroom house - $763 (Determined via Craigslist as suggested)

4) Average tax for a 3 bedroom house - $2,346

5) Current days on market - 86 days (Movoto)

In September 2012- year-to-date home sales were up 14% (St. Louis Chamber of Commerce)

1.What city are you in? Roseville, California.

2.What is the current unemployment rate and what was it 12 months ago? 8.8% currently and 14.4% 12 months ago.

3.What’s the current average cost of 3 bedroom house in your area? $264,694

4.What’s the average rent for that same house?
1.5k mo.

5.What are the average annual taxes for that property? $3,3087

6.What are the current days on market? 1 wk.

City: Milwaukee, WI

Unemployment rate October 2012 8.9%, October 2011 10.2%

Average cost 3/2 94,125

Average rent 1,050

Annual taxes 2,390

Current DOM 108

1. Nashville, TN
2. 5.7% (Nov. 2012, most recent available), 7.1% Jan. 2012.
3. 149,788
4. 1,515.00
5. 1,600
6. 84

I am in Memphis , Tn
The current unemployment rate here is 8.8 percent.
One year ago it was 9.4 percent .
The current average cost of a 3 bedroom home is 85,680
The average rent is 995.00 - 1200.00
The average annual taxes are at 3.11 percent , which is 660.00 on a 85,000 home
The current days on the market is 90 days
Amanda R

City : Madison, WI
Unemployment Rate : 4.9% October, 2012 down from 5.1%, December 2011
Average cost of 3 bedroom home: $182,500
Average rent: $1,500
Average taxes : $4,574
Average DOM : 67

Madison is a college town with a lot of rental opportunity.

Hi Matt,

You were my mentor for boots on the ground in Milwaukee, December 2011.

We are going to focus on Watauga, Tx.76148 a suburb of Fort Worth.

1. Unemployment-6.4 down from 7.3
2. Average Cost-$102,000
3. Average Rent-$1100/mo
4. Average Annual Taxes-$2,000
5. Average DOM-58

This area of Fort Worth is a hot area. This area is in the Birdville ISD which is a much desired school district in Tarrant County. Tenants love living in Birdville ISD.

1. What city are you in?
SAN DIEGO, CA

2. What is the current unemployment rate and what was it 12 months ago?
DEC 2012-8.3%, DEC 2011-9%
"San Diego Unemployment Rate Lowest Since 2008"
http://www.sandiego6.com/news/local/San-Diego-Unemployment-Rate-Lowest-S...

3. What’s the current average cost of 3 bedroom house in your area?
Sold properties avg price:$428,120 (Trulia)

4. What’s the average rent for that same house?
$1,700 mo. (Zillow)

5. What are the average annual taxes for that property?
$6,400

6. What are the current days on market?
107 Days.

* unemployment rate 7%
* average apt rent for 2-3br $800-$1000 mo zip 33065
* average single family $250.000-$300.000 zip 33065
* taxes $1000-2000 yr
* days on mkt. 30-60

Location - Denver Co (Aurora suburb sample, many others similar zips in Denver suburb areas very similar, BIG opportunity! )

Aurora Zips - 80010-80017

1. Unemployment Rate - Yr Ago 8.0%, Today 7.7%, Estimated March 2013 7.4%
2. Avg Cost 3Bd 2Bth (1,500-2,500 sq ft)- $142,900 (approx $80-95 per Sq Ft)
3.Avg Rent 3Bd 2Bth (1,500-2,500 sq ft)- $1,200-$1,400
4. Avg Taxes 3Bd 2Bth (1,500-2,500 sq ft) - $900
5. Avg Days on Mkt 3bd 2bth (1,500-2,500 sq ft)- 95-165 days

Additional Info
Home Sales Price
6.3% increase last 3 mths, 14.6% last 12 mths
Growing Hot Market !!

John Orvis

1. Charlotte, NC City
2. 9.4% Now/10.6% 1yr Unemployment
3. 70,000 to 250,000 Price
4. $550.00 to 1,000 Rent
5. $950.00 to 1025.00 Taxes
6. 60 to 150 Days

1.) Milwaukee, Racine and Kenosha Wisconsin

2.) CURRENT- Milwaukee- 9.6%
Racine- 10.7%
Kenosha- 9.2%

1 YEAR AGO- Milwaukee- 10.2%
Racine- 12.1%
Kenosha- 9.9%

3.) AVERAGE PRICE
Milwaukee-$100,000
Racine- $90,000
Kenosha- $105,000

4.) AVERAGE RENT
Milwaukee- $900
Racine- $900
Kenosha- $900

5.) AVERAGE TAXES
Milwaukee-$3,500
Racine-$3,250
Kenosha-$3,250

6.) AVERAGE D.O.M.
Milwaukee- 50
Racine- 65
Kenosha-55

I just wanted to say.

When I say this email I was so excited.
This is a excellent opportunity for any one who gets choicen!
I've talked to Matt he is interested in the area of Milwaukee.
I'm a hard working young guy at (19) just looking for my next opportunity!
I know how to find great Cap rates! Let me help you make money!

Thank you,
Lucas Zelko

1. What city are you in? Clearwater, Florida

2. What is the current unemployment rate and what was it 12 months ago?( Current 7.8% Jan 2012 9.4%)

3. What’s the current average cost of 3 bedroom house in your area? $119,400.00

4. What’s the average rent for that same house? $900.00

5. What are the average annual taxes for that property? $2564.71 at 21.48 millage with a 4% discount if paid by the end of November.

6. What are the current days on market? 26 days on the market but the days on the market varies due to private sales,short sales and bank owned foreclosures.

Hi Dean and Matt-

What a wonderful way to inspire people while also growing your business. A true win-win-win.

St Petersburg, FL
1. Unemployment Rate 8.4% - 12 months ago 9.9%
2. Average Cost of 3bd - $131,300
3. Average rent $1200
4. Average taxes $2757
5. Average DOM 81

Thanks for the opportunity

Nicole and David Rhodes

City: Hayward, CA
Unemployment Rate: 9.6% 12 months ago 11.9%
Avergae Cost 3BR: $308,000
Avergae Rent: $2,200
Average Taxes: $1,187
Average Days on Market: 30 days

1. What city are you in? Miami, Florida

2. What is the current unemployment rate and what was it 12 months ago? Current is 8.9% and it was about 8.6%

3. What’s the current average cost of 3 bedroom house in your area? $250,000

4. What’s the average rent for that same house?
$2000

5. What are the average annual taxes for that property? $4500

6. What are the current days on market? 60

1. What city are you in?
Greeley, Colorado
2. What is the current unemployment rate and what was it 12 months ago?
Current: 7.7% Nov 2012
12 Months ago: Oct 2012 8.1%
3. What’s the current average cost of 3 bedroom house in your area?
Avg Cost: $214K, Avg price per SF= $111
4. What’s the average rent for that same house?
Avg Rent: $1200
5. What are the average annual taxes for that property?
Avg Taxes: $1147
6. What are the current days on market?
DOM: 77

Would love to work with you both! The experience and knowledge would be so beneficial and exciting! Let's go to work!! I am ready!! Greeley is exlpoding in the real estate market. New industry, Oil and Gas is VERY dominat. Thus housing is at a premium for rentals. Excting time to be in for this area, growth is happening!

Marjorie

Hi,
Here are the answers to the questions.
1. Tulsa, OK
2. Unemployment rate is 5.3%. It was 6.6% a year ago. (This is not seasonally adjusted.
3. Average cost for a 3 bedroom 1500 to 1650 sq ft is $97,000 compared to $94,500 a year ago (Median sale price is $140,000 compared to $131,000 a year ago)
4. Average rent for a house this size is $900 to $1200 depending on the location (Tulsa has a rental rate of 44%)
5. Average taxes are $1250
6. Current days on market- approximately 77 days

I would love the opportunity to work with you.

Thanks,
Jeanne

1. Grand Rapids, MI
2. Unemployment is currently 7.7%, down from 9.8% a year ago
3. $92,450 average SALE price (not listing price) for the entire city (2nd largest city in MI), but there are areas that are substantially higher and lower
4. Average rent is around $1000
5. $1,760 average annual taxes
6. 66 average days on market

I am a licensed Realtor in Michigan

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

Miami, Broward, County, Florida

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

2011 10.8, 2012 9.3, now 8.2

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

zip 33155 $150,00 to 249,000, zip 33183 $120,000 to 259,000.

4. What’s the average rent for that same house?
33155 $1200 - $2100 , 3383 $1500 - $2100

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

$1500 to $2300

6. What are the current days on market?

3 to 8 months

Please do your research and post your answers below.

1. What city are you in?
Rifle, CO

2. What is the current unemployment rate and what was it 12 months ago?
Currently 8.5% - 10.3% 1 year ago

3. What’s the current average cost of 3 bedroom house in your area?
$120,400 +

4. What’s the average rent for that same house?
$950/month

5. What are the average annual taxes for that property?
$3,400

6. What are the current days on market?
Data states 283 avg days on market, but this includes all properties (MANY high dollar properties listed).

Middletown, NY 10940
Unemployment as of Oct 2012 8.9% - Oct 2011 8.7%
Cost of 3Beds- $160K
Rent - $1350-$1600
Taxes - $4,000 - $6,000
DOM - 200+ days

1- Lynbrook , N.Y.
2- 7.2% Unemployment rate... 12 months ago: 6.5%
3- $ 345k Current cost-3 Bdrm
4- $1,850 Average Rents
5- 5,836 annual taxes
6- 120 Current days on the market.

1. Jacksonville, Fl. Researched zip code 32225
2. Unemployment in 10/2012 was 7.7. In 10/2011 it was 9.7
3. Average median price for 3 bedroom home is $140,000
4. Average rent is $1200/month
5. Average annual taxes based on $140,000 with no exemption is estimated at $2400
6. Average days on market in zip code 32225 is 45

My current city is Warrensville Hts, Ohio
Unemployment rate Jan 2013 was 7.7%. Now it's 6.8%.
There bedroom homes are around $56,900 renting around $815 per month. Annual taxes $1900.00. The home has been on the market 124 days.

1. Oshkosh/Omro Wisconsin
2. Current unemployment rate 5.7/2011, 6.6
3. Average 3 bedroom home 125,000
4. Rent $650.00 to $750.00
5. Taxes average $2200.00
6. 120 Days average matket time
Dale from Omro Wi

Hi Dean & Matt
I live in Massachusetts where it is hard to buy and hold to make money but a great market to buy & flip as $50,000 - $70,000 is the averge proof on a flip I have one i am closing on jan 28 & 3 others I am working on trying to get am doing two in Fl and have 4 in Ga I am going to make 2013 GREAT anyway here is what you asked for
(1) unemployment in Mass 6.6
(2) avg cost 3 bedroom house $325,000 on the North Shore
(3)avg rent apt $1,250 house $1,600
(4) avg taxes $4,500
(5) days on market 180
I am buying a duplex in my town for $249,000 puting in $70,000 in rehab should sell for $385,000 -$425,000
Thanks Larry

You are awesome Dean and Matt and I'm looking forward to another great year.

I am including information on 2 places, as I live in the one and my daughter (VP in my LLC) lives in the other and handles my investments there.

City: Grand Rapids, Michigan

Unemployment Rates: Sept 2012 8.2%
Sept 2011 14.9%

Average Median Price of 3 bd home: $75,024
(although I've been buying for much less-more details to follow)

Average Rental Income: $716/month (although I've been getting more--more details below)

Annual Property Taxes: $1,755

Average Days on Market: 74

My family and I have purchased 10 rental houses in the Grand Rapids Area using your techniques. I'm listing price below to buy and get rent ready in addition to current monthly rents for the 10 properties purchased over the last year:

$32,223/$695
$49,900/$935
$28,432/$810
$26,794/$700
$85,588/$1210 (duplex-2/2)
$31,126/$835
$36,000/not rented yet
$32,246/$629
$34,696/$750
$26,196/$835

The other area in which I actually live is as follows:

City: Las Cruces, Mexico

Unemployment: Oct 2012 6.7%
Oct 2011 7.2%

Average Cost of 3 bedroom home: $110,176

Gross Rents: $650

Annual Taxes: $906

Days on Market: depends on the dollar value of house--anything under $100K is moving very quickly; houses over $150K are moving extremely slowly. Only 3 sales of homes in the whole city the last quarter of 2012. So days on market numbers are very skewed.

Have a great day!!!!!

city-Spring Hill FL
UNEMPLOYMENT RATE-9.5% WAS 12%
COST OF A 3/2-$115000
RENT-$950-1100
TAXES-1600
CURRENT DAYS ON MARKET-80

1. Chesapeake, VA (Cluster of cities all within 10 mile radius including Norfolk, Portsmouth, Newport News and Suffolk)

2. Oct 2012 5.6%
Oct 2011 6.4%

Highest in twenty years 7.3% 2010
Lowest in twenty years 1.9% 2000

Biggest employer in area from military from largest Navy base on east coast.

Median income $67,855

3. 3 bdrm house average cost $190,000

4. Rent for three bedroom house 1400.

Rents in general go for around 79 cents per square foot.

5. Current days on market is around 100 days.