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.
Seeking Area Managers
1) Oklahoma City, OK
2) Current unemployment rate 4.7%, last year 5.9%
3) $137,250
4) $900-1100 average monthly rent
5) $1000-1200 annual taxes
6) 90
Let's have some fun and make some money together!
Seeking Area Manager Beaverton, OR
I live in Beaverton, Oregon 97005
Unemployment rate 01/01/2012 8.7% 11/30/2012 6.5%
Three year unemployment High 10.6%
Median 3 bedroom house price $225k
Median rental price $1295
Median corporate rental price $2350
Median tax $2350
DOM 99 days
Vacancy rate 5.41%
Weekly Wisdom #217 - Seeking Investor Area Managers Rifle CO
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).
Seeking Area Manager - Raleigh/RTP
Hi Dean and Matt,
Wow, 2013 is off to a Great start!
1. What city are you in?
Raleigh, Triangle Area
2. What is the current unemployment rate and what was it 12 months ago?
Current rate is 7.4%
2011 rate was 8.6%
3. What’s the current average cost of 3 bedroom house in your area?
Currently average 3/2 is $180K
4. What’s the average rent for that same house?
Current rents are $1100-$1200
5. What are the average annual taxes for that property?
Average taxes outside city limits is $1100
Inside city limits $1600
6. What are the current days on market?
DOM 105
Dean, first I want to thank you for your weekly words of wisdom. They are a motivator for me as I am sure for many others. Second, I apologize for the length of my post. Thank you for the gift of opportunity to work with the best of the best. I am a real estate broker as well as an investor and my name is Ruth Dean. My husband is also a independant broker and we have been investing for 15+ years. We decided we needed more education to build our security for our future as well as the future of our children and grandchildren or anyone who may need our help in making a difference for their future. We joined the DG family and recently met Dean at the Buyers Summit in Nov. We live in the Raleigh/Research Triangle Area which is known for some of the best collegiant schools, Duke, NC State, North Carolina State. We have many areas outside Raleigh that have much different statistics and could be a better investment. We invest in the areas outside of Raleigh and have purchased several homes for .55-.65 cent on the dollar and rent for $900 a month. These houses are typically 3/2 1150+ sq.
Raleigh is a great place in expand your portfolio!
Weekly Wisdom #217
Cedartown/Rockmart, GA
Unemployment rate Nov.2012 8.4% down from 9.5% Nov. 2011
Average cost 3 bedroom 1200/sqft. to 1500/sqft
$55,450-$90,900
Average Rent for 3 bedroom $800-$1,100 month
Average Annual taxes $720-$921
Current DOM 80 days
Seeking Investor Area Managers - Eugene Oregon
1. Eugene/Springfield Oregon
2. Unemp. 6.9% now - 9.4% 12 months ago
3. $130,000
4. $1300.00
5. $1500.00
6. 108 days
Eugene is the home of the U of O. Unemp. has gone down. Eugen is an excellent area for rentals. We have been doing trainings since last spring with Dean. I retired early so I could put my retirement money into a business for my partners and I to follow Dean's teachings. A big part of the money has gone to trainings and Insider Elite memberships. We are still working on our first deal but are definitely not giving up. We have found some really good deals but have had trouble finding buyers to make it happen even though we have gone step by step through the program. We hope you will consider our area. Thank you for your time.
Forget the I-pad !!! We want to find deals for YOU !!!
Although, I (GayL) do not have an I-pad and would LOVE one, doing deals with/for you would way surpass that long term !!!!!! Anyway, here are the numbers for where we live:
City: Ogden, Utah
Unemployment Rate: 5.9% 12 Months ago: 6.9%
Average Cost of 3BR: $97,000.
Average Rent: $900.+
Average Taxes: $900.
Current Days on Market: 64
City: Davis County, Utah (several cities)
Unemployment Rate: 4.9% 12 Months ago: 5.7%
Average Cost of 3BR: $154,000.
Average Rent: $1,000. +
Average Taxes: $1400.
Current Days on Market: 32
(can we also send numbers for 2 of the areas out of our backyard that we plan to invest in soon that look great?)
We ARE going to enter the "Send me Away" contest this year !!
Thanks for everything, Dean ! Just had a FABULOUS one on one with Andrea Weule last weekend and we are EXCITED !
Weekly Wisdom Task
1) What city are you in? Sheridan, WY
2) What is the current unemployment rate and
what was it 12 months ago? Unemployment one year ago was 6.38%, today it is 5.1%.
3) What’s the current average cost of 3
bedroom house in your area? $145,000.
4) What’s the average rent for that same
house? $1,200 per month.
5) What are the average annual taxes for
that property? Taxes for that house would be $900.
6) What are the current days on market? DOM is around 60 days.
The area is mainly driven by energy development, the main employers in the area are;
Over 500 Employees
1. Sheridan County School District #2
2. Sheridan VA Medical Center
250-499 Employees -
3. Sheridan Memorial Hospital
4. Spring Creek Mine (Decker, MT)
100-249 Employees -
5. Northern Wyoming Community College District
(Sheridan College)
6. BNSF Railway
7. Walmart
8. Sheridan County School District #1
9. City of Sheridan
10. County of Sheridan
11. Decker Coal Company (Decker, MT)
12. Sheridan Manor
13. NSI Academy (Normative Services)
54-99 Employees -
14. Westview Health Care Center
15. Wyoming Girls School
16. The Home Depot
17. First Interstate Bank
18. Mullinax Concrete Service Company
19. B-Y Ranch Associates (Arrowhead Lodge, Bear Lodge,
Elk View Inn, High Country Grooming)
20. The Powder Horn
21. Wood Group Production Services
22. Volunteers of America Northern Rockies
23. Rehabilitation Enterprises of North Eastern Wyoming (RENEW)
24. Wyoming Department of Transportation
25. Bighorn National Forest
26. Inter-Mountain Laboratories
27. Sheridan Senior Center
28. Sheridan County YMCA
29. Fremont Motors Sheridan
30. Holiday Inn
I want to be a new area manager
1. West Palm Beach, Florida
2. Unemployeement Rate now 7.7, a year ago 8.6
3. average cost of a 3-2 is $ 110,000.00
4. Whats the average rent $ 1200.00
5. What is nthe average tax assesment $ 120,000.00
6. current days on the market 30-60
Weekly Wisdom #217
1. Temple, TX
2. current unemployment rate is 7.8%; 12 months ago, unemployment was at 8.5%
3. average cost for a 3 bedroom house is between $70,000 and $90,000
4. average rent $800 - $1100
5. average taxes - $1200
6. DOM: 160
Answers
1. What city are you in?
Phoenix, AZ
2. What is the current unemployment rate: 7.8% what was it 12 months ago: 8.7%
3. What’s the current average cost of 3 bedroom house in your area? $225,000.
4. What’s the average rent for that same house?
1,295/mo
5. What are the average annual taxes for that property?
$1,652.00
6. What are the current days on market?
244 days
TOLEDO, OHIO
2. Preliminary Rate for October 2012,in percent not seasonally adjusted..........6.9%
October of 2011..................8.7%
3. Average 3 bed Purcase............$58,000.00
Year Prior Purchase..............$54,667.00
4. Average Rent for 3 Bed...........$726.00
5. Average Taxes....................$775.70
6. Trulia has not given me an "average day on market" number.
Reply to Weekly Wisdom #217
1. What city are you in? West Monroe, Louisiana
2. What is the current unemployment rate and what was it 12 months ago? 8.8, 12 months ago 9.0
3. What’s the current average cost of 3 bedroom house in you’re area? $172.000
4. What’s the average rent for that same house?
$1200.00
5. What are the average annual taxes for that property? $1400.00
6. What are the current days on market?
72
Seeking Investor Area Managers
1. Houston, TX
2. Unemployment Rate: Hou 5.8%, TX 6.2% (As of Dec 2012); a year ago Hou 7.3%, TX 7.2%
3. Avg. Cost of 3 bdrm: $108K - $132K (I have 20+ within this range or less to review now)
4. Avg rent for 3 bdrm: $1050 - $1200
5. Avg taxes for 3bdrm home: $1800 - $2200/ yrly
6. Number of days on market: 90+
Investor Area Manager! :-)
You Guys are Great Thanks for The WAKE UP CALL!!
This is awesome!
1) El Paso,TX--Unemployment Rate Dec2011=8.6%
12months ago=8.7%
2)Current Avg. Cost 3BD House in 79936=133k
3)Average Rent for same type of house 850.00
4) Average Annual Taxes for same type of house
2426.70
5) Average DOM 131
Area Managers, Pompano Beach FL
1. What city are you in? Pompano Beach Florida
2. What is the current unemployment rate and what was it 12 months ago? Oct 2011 8.4% - Oct 2012 7.1%
3. What’s the current average cost of 3 bedroom house in your area? $135,000
4.What’s the average rent for that same house? $ 1,580
5. What are the average annual taxes for that property? $ 1764
6. What are the current days on market? 143
Here are the numbers.
Hello Matt, see you are doing well.
1. Palm Coast, Fl
2. Unemployment, Dec 2011 13.1%, Oct 2012 11.0%
3. Avg.selling price $118,000
4. Rent $850-$950
5. Taxes,$1900
6. 108 DOM
Homes for rent in this price range are hard to find right now. Hope to hear from you soon, I could realy use thye opportunity.
Thanks,
Robert
Bozeman Montana
1) Bozeman, MT 4.3% unemployment rate vs. 5% one year ago
2) $276K avg 3 bedroom price
3) $1450 avg rent
4) $1772/yr taxes
5) 70 days on market
Great university town, ski town, strong employment with entrepenuerial and technology base.
I would love to be one of your managers!
GRAND RAPIDS MICHIGAN-AREA MGRS/Mini IPad
Here are the six questions to answer:
1. What city are you in? Grand Rapids, Michigan
2. What is the current unemployment rate and what was it 12 months ago?
Current: 6.5 12 months ago: 7.5
3. What’s the current average cost of 3 bedroom house in your area?
$98,000
4. What’s the average rent for that same house?
$700 –$ 950
5. What are the average annual taxes for that property?
$2963
6. What are the current days on market?
70
NOTE:
September 14, 2012
Shark Tank Barbara Corcoran talks real estate - picks Grand Rapids as her favorite!
See the full commentary at abc.com
“Typical home is affordable 108K get nice house and prices are going up very quickly
Nice starter house 108K…Cost of Living is 15% lower than anywhere else in the country…
And they have lots of jobs and lots of good schools which always assures real estate values.”
I do have a full-time position, but my finances are in need of a major cash flow infusion to shift my finances in a positive direction. I am taking advantage of this opportunity and submitting the information you requested in hopes it is a workable area, and to see if I can qualify to be an Area Manager. I know that I will need your guidance using your bullet prove process - your blue print – to help me be a kick butt Area Manager for you both and the Team!
Also, I would like to help my community by connecting real estate investors ( Dean and Matt) who would like to add to their property portfolio (rental properties), while renting to people who are unable to - or who are not interested - in buying a house at this time.
SoapBox: There seems to be more people looking for a place to live -perhaps due to the foreclosure or other hard luck situation - and not enough (SFH) properties available. The problem: Local Property Management Companies and/or Owners will not rent to “risky” people even though the applicant may have steady employment / income.
My thought: Rent to individuals with steady employment / income, but as a security measure for both parties, stipulate in the lease /contract terms: rent amount; security deposit; length of lease; and anything else needing to be included accordingly. In this way it minimizes or eliminates “risk” while providing a place for the person to live and the property is not empty causing blight in some instances to the community at large.
I am just sayin’. If there can be auto companies willing to give credit to people with “bad credit” then there should be a similar business in place for housing. I just see too many empty houses and Property Management or Owner either asking too much for rent or not willing to give a person an opportunity to live in a house.
As a Property Owner, the advantage is that you will still collect money, and have someone to maintain the property until either that tenant establishes themselves enough to increase the rent and/or become eligible to buy the house themselves and/or the Property Owner sells it to another person/entity. It could be that the Property Owner may also feel good about helping someone in dire straits. Whatever the reason, I think renting to someone is better than to let a house be empty for extended periods of time. Thank you. I am taking action and plan on crushin’ 2013!!
Weekly Wisdom #217 - Seeking Investor Area Managers
Hi Dean and Matt! My husband and I are currently bicoastal, so I am going to list the 2 areas where we live with totally different markets. We are very much looking forward to the possible opportunity of working with you both this year. Thanks! Kathi
1. What city are you in?
York, Pa
2. What is the current unemployment rate and what was it 12 months ago?
13% now/ 11.6% 2011
3. What’s the current average cost of 3 bedroom house in your area?
$109,900
4. What’s the average rent for that same house? $492/mth est paymt
5. What are the average annual taxes for that property?
$375 property tax
6. What are the current days on market?
32 days
1. What city are you in?
Burbank, CA (SF Valley)
2. What is the current unemployment rate and what was it 12 months ago?
8.2% now/ 10.2% 2011
3. What’s the current average cost of 3 bedroom house in your area?
$459,450
4. What’s the average rent for that same house?
$2,352
5. What are the average annual taxes for that property?
$5,598 property tax
6. What are the current days on market?
83 days
PaulYoung4ever - The Villages, Florida
1. What city are you in? The Villages, Florida
2. What is the current unemployment rate and what was it 12 months ago? 11.7/9.9
3. What’s the current average cost of 3 bedroom house in your area? 200,000
4. What’s the average rent for that same house? 1300.00
5. What are the average annual taxes for that property? 2,000
6. What are the current days on market? 30
Reply to Weekly Wisdom #217 - Seeking Area Investment Managers
1. Livermore/Pleasanton, CA
2. Unemployment rate:
Oct 2010 - – 7.2%; Oct 2011 – 6.6%; 5.6% Oct 2012
3. average 3BR in my zip code 94550
Ranges from 350K-650K – depending on how much work needed, sq. footage & whether a historic Victorian
Average 1100 sq. ft – 400K - fixtures not updated
Change in demand/availability - In 2008 500 homes
This year, 48 homes – in Livermore
Prices up 12% in past year average
4. Average rent: 2500 3-4BR 1800 sq. ft
5. Property taxes: 1.25% of purchase price o
6. Average days on Market – 14-30 days depending on neighborhood
Investor Area Manager
. What city are you in? -
Nashville, TN
2. What is the current unemployment rate and
what was it 12 months ago?
10.8% AS OF November 2011. 7.6% in
Novem mber 2012.
3. What’s the current average cost of 3
bedroom house in your area?
$160,000
4. What’s the average rent for that same
house?
$900
5. What are the average annual taxes for
that property?
$2,500
6. What are the current days on market?
70
Seeking Investor Area Managers
1. Columbia, MD
2. Oct 2012 Unemployment Rate - 4.7
Oct 2011 Unemployment rate - 5.0
3. Average cost of 3 BRM house - $327,000
4. Average rent of 3 BRM house - $2,325
5. Average Annual taxes - $1,205 per capita
6. Current days on market - 70
Area Manager
City Chosen Bolingbrook Ill 60440 Current unimployment rate 9.6 last yr 10.1 Average 3 bed 150,000 aver rent 1400. Taxes 4500. Average days on market 30. Bolingbrook chosen as great place to live. Real estate Broker since 1976. Independent in own office. Could have chosen 20 citys. Motivated for this opportunity. Currently have long term investor partner Beverly Valluzzi [email protected]
Weekly Wisdom #217 Answers
1) Beautiful Boise, Idaho
2) Unemployment rate currently 6.7% down 2% from last year
3) Current ave. cost for three bedroom is $130,000.00
4) Average rent is $900.00
5) Annual taxes near $1,000.00
6) ave is 60 days on the market
Boise is perfect for growing. BSU is growing, Boise is ranked the top 10 growing areas,knowing the developers in the area, the new mall already here, and the market picture due to more businesses is a great sign for the future. More jobs will be opening soon, meaning more housing needed.
Area manager Portland OR
1) Portland OR
2) Employment from 11/11 at 9.1% down to 8.4% in 12/12
3) 3 bed 2 bath 1200 sqf $150k
4) rent $1200/mo
5) Property tax around $2000
6) DOM new listing under contract in a day or so.
hope it helps
Paul Omar
#1 Deal Maker and new area manager in Minnesota.
What city?
a. Minneapolis Mn.
What is the unemployment rate. What was it 12 months ago.
a. 5.8% 12 months ago 5.6%
What is the average cost of three bedroom in my area?
a.$140,000-220,000
What is the average rents in my area?
a.lowest-850-highest-1600
What are the average taxes?
a.$974-2800 a year
DOM. 60-90 days
I want this Dean Like been under water and needing to breath. This will help me breath.
area manager
Hi Dean and Matt,
Here is the information for Katy TX 77449
1.Current unemployment rate is 7.5%, 12 months ago was 7.98%
2. average cost of 3 bdr house for 77449 is $137000
3. average rent $1300
4. average taxes are $3000 per year
5.days on the market 20
I would love to work with both of you, and start making some money. This is good area, especially for rent. Thank you for the opportunity!
Halina
Seeking Investor Area Mangers - Bay Area, CA
1. What city are you in? -
Bayarea, CA
2. What is the current unemployment rate and
what was it 12 months ago?
7.7 as current, 8.6 year ago
3. What’s the current average cost of 3
bedroom house in your area?
$650K
4. What’s the average rent for that same
house?
$2500
5. What are the average annual taxes for
that property?
$8125
6. What are the current days on market?
60