Dean Graziosi Weekly Wisdom #217 - Seeking Investor Area Managers

Charlotte experienced 31.4% growth from 2000 - 2012. And as the financial services markets recover, so will the financial services capital of the South - and possibly the US - recover. Low crime. COL 6.6% below national average.

1) Unemployment rate: 9%, that's down from 10.3% 1 year ago.
2) Average cost of a 3 bedroom home is $143k in Charlotte. (About $91/sq foot). (Trulia)
3) Rents average $1525 per month (rentometer)
4) Taxes are .4386 for Charlotte and .8387 for Mecklenburg County. Average tax is roughly $1450 including city and county waste disposal fees. Obviously the exact tax depends on the tax assessed value. I'm seeing the assessed values to be fairly accurate.
5) Days on market: 173 as of January 2013. (Debemaxwell.com/market_reports)

1.Milwaukee & Vicinity

2.Oct. 2011 @ 10.2%, Oct.2012 @ 8.9%

3. Average 3bd rm home $112,000.00

4. Average Rent $1130.00 per mon.

5. Avg. annual taxes on said home, $3700.00

6. Current days on the Market is 31days

The info here was gathered from listings I just recieved from my RA so it should be accurate. If you fellas are interested in this area I'd love to partner up with you. I'm very eager to get my business off the ground and nothing would make me happier than to have you guys show me the ropes, I have everything ready to go, so please let me know what you think.
Thanx, Tom

MY HAT IS IN THE RING! I ONLY WORK THE BUFFALO AREA 212 DAYS/YEAR BECAUSE I LIVE IN TORONTO BUT I LEARNED A LOT. THANK YOU BOTH!

1. Buffalo NY - Zip 14215 (32/161 Buffalo cash sales here last quarter 2012)

2. Buffalo Unemployment Rate: Data from US Bureau of Labor Statistics
Oct. 2011: 10.2%
Oct. 2012: 10.9%
Currently trending down from July 2012 high of 12.3%.

3. What’s the current average cost of 3 bedroom house in your area?
$22,430 (10 three BR SFR from last quarter cash solds list in 14215)

4. What’s the average rent for that same house?
$680 (from craigslist)

5. What are the average annual taxes for that property?
$215 (from county assessor)

6. What are the current days on market? (from cash solds list)
Average DOM: 50
Median DOM: 33

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?
1. Panama City Beach.
2. 2012 Unemployment Percentages for Panama City Beach, Florida
Month/Year Panama City Beach% National %
1 / 2012 10.1% 8.3%
2 / 2012 9.2% 8.3%
3 / 2012 8.2% 8.2%
4 / 2012 7.8% 8.1%
5 / 2012 7.8% 8.2%
6 / 2012 8.1% 8.2%
7 / 2012 8.3% 8.3%
8 / 2012 7.9% 8.1%
9 / 2012 8% 7.8%

3. Current average cost of 3 bedroom house- 255 000$

4. The average rent for 3 bedroom house-1500$/M
5. average annual taxes for 3 bedroom house -$225,466

6.The current days on market 60-90

Location/Region: Southeast United States; Northwest Florida.
The latitude of Panama City Beach is 30.176N.
The longitude is -85.805W.

Geographical Description: Overlooking the Gulf of Mexico, Panama City Beach is located in the Northwest region of Florida. Panama City Beach averages an elevation of 13 feet above sea level. Located 98 miles southwest of Tallahassee, Panama City Beach is a part of Bay County. Bay County boasts an average population of 150,000. Approximately 9,500 of these citizens reside in Panama City Beach.

Climate: Average water temperatures of 72 degrees combined with an average air temperature of 78 degrees creates mild subtropical temperatures for year-round enjoyment.

Population: As of 2008 estimates: City of Panama City Beach 13,453; Unincorporated - approx. 35,000

Area History: Bay County is an area rich in American history. The St. Andrew Bay area was home to many Indians before it was settled as a community in the 1800s. Pirates found the deep pockets of the Bay ideal to "lie in wait" for richly laden ships in route to Mexico or Spain. Legend has it that many a pirate buried his share of treasure at Spanish Shanty Point on Shell Island.

Another area teeming with history in Panama City Beach is St Andrews State Recreation Area. During World War II, it was part of the St. Andrews Sound Military Reservation. Circular cannon platforms are still in place near the jetties. Opened in 1951, the park now covers more than 1,200 acres.

Since its founding, Panama City Beach's economy has greatly depended on its natural blessings making it home of "The World's Most Beautiful Beaches."

Cultural info: Downtown Panama City has become known as the Art District of Bay County. Since 1978, the Bay Arts Alliance has served as the local non-profit agency for Arts in Bay County. The goal of the Alliance is to provide cultural enrichment to the community and its visitors through educational experiences and quality performances.

What to see and do: St Andrews State Recreation Area is one of the most popular outdoor recreation spots in Florida. Rated the "Number One Beach in America" in 1995 by coastal authority Dr. Stephen Leatherman, it is best known for its 1 1/2 miles of white sand beaches, natural dunes and crystal-clear water.

Visit Panama City Beach for the annual Indian Summer Festival held every October at Frank Brown Park. This three-day music, art and seafood festival hosts top name entertainment and wide array of fresh local seafood.

The soft Panama City Beach sand is actually quartz crystals, which over time has been broken down, bleached, polished and deposited on the shoreline. This natural process has made Panama City Beach home to the "World's Most Beautiful Beaches."

1- Chula Vista, CA
2- Uneployment rate was 9.9% in Sept 2012

Population growth 19%
3- Average cost 3/2 200,000 for a fixer upper
327,000 in good condition

4- Average rent: 200.000 $1,700 a month
327,000 $2,000 a month

5- Average taxes:200,000 tax is 2,000
327,000 tax is 2,861

6- Average DOM: 32 to 50

1. Killeen, TX - approximately 60 miles from Austin, TX.

2. Unemployment was 8% in Dec 2011, and and as of Nov 2012: 7.0%

3. The average price for a 3 BR home is $123,000, but the average sale price has been ~ $95,000. Older 3 BR homes are abundant in the $40,000 to - 80,000 range and lower. I am currently looking at a HUD foreclosure that's listed for $38,000, needs some work, but the county has it valued at $60,348. The average price compared to last year is down 5-10%.

4. Average rent is $975/month. Killeen being a military town has a lot of multi-family properties such as duplexes with 3 BRs that rent from ~ $825 to $950 for each unit. Rents here are primarily driven by the military’s housing allowance. The 2013 housing allowance for enlisted soldiers ranges from $816 to $1,164, and that averages $990/month. Also, Texas A&M has recently built a new campus here.

5. Average property taxes for this area are ~ $2,000 to 3,000 based on an estimated tax rate of 2.3 to 2.4% of the county’s appraised value of the property.

6. Current days on market are averaging 90 – 120 Days.

There are literally hundreds of homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process in this area. The county has one of the lowest cost of living in Texas. Central Texas is a great place to invest in, and I would LOVE the opportunity to work with you.

1. What city are you in? - Lombard, IL. Western Suburb of Chicago, IL

2. What is the current unemployment rate and what was it 12 months ago? It is 9.8% now but was at 11.7% last year.Per the local polls, it is dropping fast but still pretty high.

3. What’s the current average cost of 3 bedroom house in your area? $218,208 Per Trulia.com. This is climbing though due to the rebound in the local market values/prices. The WOW Percentage is increasing at a rate of approximately 4%.

4. What’s the average rent for that same house? $2,000 per month

5. What are the average annual taxes for that property? 2.23% of the sales price of the home (Approximately $4,866) Sales Tax rates have been fluctuating YOY based on the poor market. Overall, they have NOT gone down much at all though.

6. What are the current days on market? Median Days on the market are 91 as of today. It has grown 8% in the last month and has fluctuated from 132 days 2 years ago and 110 days 1 year ago.

1)Bentonville, AR

2)Current 4.8% 12 months ago 5.8%

3)Current List Price LP/SF
Average $163,969 $88.42
Median $157,000 $89.81

Sold List Price LP per SF Sale Price SP/SF
Average $141,953 $83.72 $138,381 $81
Median $143,900 $86.79 $139,250 84.89

4)Rental Amount
Average $1,087
Median $1,000

5)Average Taxes $1,675

6)Current DOM
Average 133
Median 90
Sold DOM
Average 106
Median 83

1. What city are you in? Salem Keizer OR

2. What is the current unemployment rate and what was it 12 months ago?
8.1 12 months ago 10.3

3. What’s the current average cost of 3 bedroom house in your area?
Depending on county 145,000-175,000

4. What’s the average rent for that same house?
Again depending on county 850- 1200

5. What are the average annual taxes for that property? Again depending on county 2500 - 3200

6. What are the current days on market?
Again depending on county 30-55

LETS DO THIS!! CDB

1. Fayetteville, AR

2. Current 5% 12 months ago 6.2%

3. Current List Price LP/SF
Average $201,662 $104.46
Median $163,900 $96.91

Sold List Price LP/SF Sale Price SP/SF
Average $168,987 $94.28 $164,110 $92
Median $151,825 $93.95 $149,585 $90.52

4. Rental Amount
Average $1,227
Median $1,200

5. Average Taxes $1,720

6. Current DOM
Average 134
Median 96

Sold DOM
Average 125
Median 98

STATISTICS FOR 3 BEDROOM HOUSE

HOUSTON, TX - GREATER METROPOLITAN AREA

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.

Hello Dean/Matt.
My city is Hollywood FL-33021

The unemployment rate in Hollywood FL is 7.7%
12 months ago was 9.8%
Average cost for a three bedroom house is $225,000
The average Rentals $2180 per month
The average annual taxes are $4083
The average days on market is 45 days

Thank you

1. What city are you in? Memphis, TN

2. What is the current unemployment rate and what was it 12 months ago? 8.8% today, 7.7% 12 months ago.

3. What’s the current average cost of 3 bedroom house in your area? $116,646 is price for buying

4. What’s the average rent for that same house? 823/month to rent

5. What are the average annual taxes for that property? Assessed value / $100 x $4.02 PLUS Assessed value / $100 x $3.11

Example:
Memphis Resident
Appraised Value: $150,000
Assessed Value: $37,500
County Tax: $1,507.50
City Tax: $1,166.25

6. What are the current days on market? Median days on the market is 105.

1. Beaverton, OR 97006
2. Current unemployment rate is 7.5% and a year ago it was 10.2 %.
3. Average cost is $201,216K
4. Average rent is $1200/mo
5. Average taxes are $2,800
6. Average DOM is 73 days, 1 year ago 97 days

1. What city are you in?
Bowling Green, Kentucky

2. What is the current unemployment rate and what was it 12 months ago?
7.2% as of December 2012. 7.1% 12 months ago.

3. What’s the current average cost of 3 bedroom house in your area? $120,000.00.

4. What’s the average rent for that same house?
$850 per month.

5. What are the average annual taxes for that property?
$7.20 per $1,000.00 in County $12.02 $1,000.00 in City.

6. What are the current days on market?
135 days on market.

Since I live pretty close to Cypress I like to send the information.\
1.Current unemployment for Cypress 77433 is 7. 5%,
but for the location 29.933096 - 95.743628 the rate is 2.45%
2. average house 3 bdr $ 98750
3. average rent for the area is $1325
4. average annual taxes $ 3.200
5. average days on the market 19 days
Cypress is an excellent place to buy and rent. I would love to help.
Thanks for the opportunity, Halina

1. City:Vancouver,WA

2. Unemployment Rate
-current 9%
-across the river in Portland,OR 7.1%
-12 months ago 10.7%

3. Avg 3 bdrm: $168,000

4. Avg 3 bdrm rent: $1,200

5. Avg 3 bdrm annual property tax: $1,900

6. Current Avg DOM: 123 days

Let's make some money together!

1- City San Diego, CA
2-Unemployment rate: 8.4%. This is the lowest rate on the last 3 years.
3- Average cost 3/2 : fixer upper 199,000
good condition : 295,000
Those prices are from properties on average neighborhoods, not close to the ocean. Average 1200 to 2000 sq ft.
I excluded all properties with Mello Roos and Condominium fees as well.(gated communities)

4-Average rent : $1700 to $2300

5- Average taxes: 199,000- 2000 year
295,000- 2700 year

6-Average DOM 58

1. What city are you in? Milwaukee, WI.

2. What is the current unemployment rate and what was it 12 months ago? Current as of Oct 2012 8.9% 12 months ago Jan 2012 10.2%.

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

4. What’s the average rent for that same house? $975.00

5. What are the average annual taxes for that property?$2,500

6. What are the current days on market? 120

This is a list of properties that I plan to make offers on. http://public.mlswis.com/link.html?zl1cveo2e0x,,1

And these are some COMPS. http://public.mlswis.com/link.html?zl2fxnj8lh0,,1

So guys Milwaukee is one of the best places you will want to invest in. LETS DO IT!

1. Yuma, AZ 85364
2. 29.1% - 28.4
(these numbers do not tell the real story, as many people are seasonal employees here)You are only 2.5 hrs away, come see.
3.118,600.00
4.1,000.00
5.1,279.00
6.60 unless priced incorrectly

1. Tri-Cities, WA (Richland - Kennewick - Pasco - SE Washington State)
2. 7.7% currently / 9.6% Dec. 2011 (all 3 cities)
3. Richland - $208,000
Kennewick - $193,900
Pasco - $214,900

4. R - $1,100
K - $1,200
P - $1,021

5. R - $2,145 ($208,000)
K - $2,011 ($193,900)
P - $2,517 ($215,000)

6. R - 205 days
K - 240 days
P - 150 days

Thanks and It's also great to see this info for all these cities.

Experienced and Motivated - I'd love to work with you to help you grow your portfolio!

1) Lubbock, Texas - Population 229,573
up 15% since 2000
2) Current Unemployment = 4.9%
One Year Ago = 5.9%
3) Average 3 BR Home Sold for $101,500
Medium House Price = $131,094
4) Rent Range Avg 3 BR House - from $850 to $1100 on Average
5) Taxes at $102,000 = Aprox. $ 2376
6) Days on Market for three Bedroom Homes = 76

Hope that helps - Thanks, Ken

1. Bloomfield,Ct.
2. 10.4%, 12 months ago 9.3%
3. $116,000.00
4. $1,650.00
5. $2,900.00
6. 180 days

Hi Dean and Matt,
This is a good area for real estate investing. There are other locations that I am familar with in the this state and neighboring states that are great for investing. This northeast part of the country is really un-tapped with a lot of potential. I am presently a student in the Dean's Inner Circle program. I hope you research this area of the country and allow me to be on your team.
Lenny Hudgen

1. What city are you in? Seattle - Tacoma (Puget Sound Area)
2. What is the current unemployment rate and what was it 12 months ago? Currently at 7.8% was at 8.3% one year ago
3. What’s the current average cost of 3 bedroom house in your area? Currently the Seattle average is $453,031 but the Puget Sound area (Seattle and surrounding) is at $304,990
4. What’s the average rent for that same house? $1,783 / mo.
5. What are the average annual taxes for that property? $3,319 in 2012
6. What are the current days on market? 41 days on the market is the average.

West Palm Beach, Florida 33401
Unemployment rate: Jan 2012 9.6% Oct 2012 8.6%
Avg Cost of a three bedroom home: $150,000.
Avg rent: $1600
Avg taxes: $2350
avg days on mkt: 83

1- La Mesa, CA
2- The unemployment rate is 7% September 2012
3- Average cost 3/2 350,000

4- Average rent: 1875.00 to 1950.00

5- Annual Taxes:350,000- $4,000

6-Average DOM: 67

1. I live in Merritt Island, FL

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

3. The current average cost of 3 a bedroom house in Merritt Island is $167,445. There were 483 units sold in 2012, of which 203 with cash. This average includes both waterfront and non-waterfront homes.

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

5. The average annual taxes for
that property is $1299.

6. There were 193 3 bedroom homes that were on the market less than 30 days.

1. What city are you in? Jacksonville, FL

2. What is the current unemployment rate and what was it 12 months ago? 7.7%; it was 11% 12 months ago.

3. What’s the current average cost of 3 bedroom house in your area? Average 3/2 as per Dean's & Matt's teachings is between $88,000.00 - $111,000.00 (depending on what side of town).

4. What’s the average rent for that same house? $1,000.00

5. What are the average annual taxes for that property? $1,250.00

6. What are the current days on market? 95 days down from 114 days 1 year ago (-17%)

Thanks,

Bernie Jones

Port St Lucie, FL
1)Nov 2011 12.4% Nov 2012 10.5% Countywide (St Lucie County)Please note that this area has a big retirement population.
2) Average price of a 3 Bed/2 Bath Home $119,363.00
3) Average Rent $1,100.00
4) Average Taxes: $2,600.00
5) Days on market 93

At one point in time this area was the fastest growing city in the US. The area will see yet another, maybe not as big, population spirt in the next few years with a big rental market demand.

1. las Vegas, NV
2. Oct 2012 - 11.6%, Oct 2011 13.9%
3. $250,000 (varies greatly by what area of the valley the home is located in)
4. $1200.00 (depends upon the location of the home
5. $8,000.00 (varies great by subdivision, area of the valley and other factors)
6. 73