Dean Graziosi Weekly Wisdom #217 - Seeking Investor Area Managers

Matt claremont NH

1. CURRENT UNEMPLOYMENT RATE: Jan. 6, 2013. 5.60%

EMPLOYMENT RATE AS OF : Jan. 5, 2012. 5.70%

2. Avg. Cost of 3 bedroom house: $89,000.00

3. Avg. Rent or 3 bedroom house: $900.00 (w/o utilities)
$1300.00. ( w. Utilities)

4. Avg. Annual Taxes: $1120.00

5. Avg. DOM: 21 DAYS

1. Milwaukee,WI
2. Unemployment rate 12 months ago was 9.6% 5200 jobs added in November brought it down to 6.3%
3. average cost of 3 bed room house in Milwaukee $94,500
4. Average Rent $1150
5. Average Tax for the property $ 2703
6. current days on the market 105 days

Thank you Dean and Matt For the Opportunity I believe and feel it in my guts that Milwaukee is a Winner.

Success Conscious,
J.R. Joseph

Here are the six questions to answer:
1. What city are you in?
Dallas, TX
2. What is the current unemployment rate and what was it 12 months ago?
6.2% Dec 2011 8.1%
3. What’s the current average cost of 3 bedroom house in your area?
AVG in Dallas is $175,000
4. What’s the average rent for that same house? AVG rent is $2200
5. What are the average annual taxes for that property?
AVG tax is $4777.50
6. What are the current days on market?
AVG DOM is 31

I just came from my J.O.B. I cannot go to sleep because today's weekly wisdom it too good to be true.
I am looking forward to fire my Boss and I'm feeling good about it.
2013 is the year of "FREEDOM"

Success Conscious,
J.R. Joseph

1a. South Florida (Broward County)
2a. Current unemployment: 7.1%; 12 months ago: 9%
3a. Avg cost: $180k
4a. Avg rent: $1,300
5a. Avg taxes: $2,000
6a. DOM: 75
----
1b. My partner lives on the shoreline of CT (Middlesex County)
2b. Current unemployment: 6.4%; 12 months ago: 9%
3b. Avg cost: $350k
4b. Avg rent: Two seasons: Summer @ $2000+/week and Academic @ $1800+/month
5b. Avg taxes: $3,800
6b. DOM: 100
----
1c. Additionally, I'm from South Bend, IN (GO IRISH!!!!) and can help with your initiatives in the Indiana area
2c. Unemployment: 10.4%; 12 months ago: 11.5%
3c. Avg cost: $75k
4c. Avg rent: $625/month
5c. Avg taxes: $1,000
6c. DOM: 50

Completed my first wholesale on Dec 7, 2012 in Indianapolis, IN using your system (THANK YOU!!) I look forward to working with you!!

Kristin

1. now 5.7%, 12 mo ago 6%
2. avg 3bed @200 (market price)
3. 1250-1300
4. @1200
5. @100

Thanks,
Darren (Hazco)

P.s this holds true for 19808, 19703, and most of Newark.

1 Augusta, GA 30906

2 unemployment rate 2012-8.7% 2011-10%

3 3bd 2ba average cost $95.000

4 average rent $800.00

5 Average taxes $1200.00

6 Average days on market 210

1) Tampa Fl.
2) Unemployment Rate: Last yr: 11.7% Now: 9.1%
3) Avg price of a 3BR: $130k
4) Avg Rent: $1,200
5) Avg Taxes: $1000
6) Avg Days on Market: 145 Days

Give me a ring, I'm your man in Central Fl.
Would love to work with you guys.

Thanks,
Ken

1. Longview, Texas
2. Unemployment rate 5.8% down from 6.7%
3. Avg. 3 bed. Sale $140,000
4. Avg. 3bed. Rent $1,000
5. Avg. Annual tax $2,600
6. Avg. Days on market - 115

Miami Florida
Unemployment rate
11.8 sept 2011
9.8 Sept 2012

Rent in Richmond Heights 33176 (Blue
collar) 1250 for 3/1

Price
70-80 fixer upper
110k-120k ready to rent

Taxes
1600 (asset values are lower than FMV)
Insurance 2400

DOM
10-40
months if its a short sale

I am a realtor/investor

1. ULSTER COUNTY, NY
2. 8.6 CURRENT, AND 8.9 12 MONTHS AGO (Second home community to NYC and Tri-State Area)
3. 3bd home: Average List Price: $247,352 Average Sold Price: $232,284
4. Average rent 3bd: $1400-1600 DOA
5. Average Annual Taxes 3bd $3,900:
6. Med DOM: 170 Average DOM: 199

Broker/Owner Ulster County

1. Killeen, TX/7.2% now down from 8.3% 12 months ago.
2. 3 bdrm home in 76549/120,000
3. Rent 1050,00
4. Taxes 2,500 annually
5. Days on market 55

1) Little Rock, AR
2) Current Unemployment: Sept 2012 6.2% down from Sept 2011 @ 7.3%
3) Average cost 3 BR Home : $168,000.
4) Avg rent: $1600
5) Avg annual taxes: $1800
6) Current DOM: 115

* No Earnest money required now according to my realtor.

1.Renton, WA (king county)
2.5.8%(now) 6.9% (12 months ago)
3.$250k Median price of 3 bed house
4.Rents $1575
5.$3000-$4000
6.45 CDOM

1. What city are you in?
Seattle, WA

2. What is the current unemployment rate and what was it 12 months ago?
Current 7.8%, and 12 months ago 8.4%

3. What’s the current average cost of 3 bedroom house in your area?
$389K – $2,850,000K

4. What’s the average rent for that same house?
$1,800K – $5,100K per month

5. What are the average annual taxes for that property?
varries a lot as shown above

6. What are the current days on market?
2 - 6 months

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

2. What is the current unemployment rate and what was it 12 months ago?
Current 8.1%, and 12 months ago 9.1%

3. What’s the current average cost of 3 bedroom house in your area?
$315K – $330K

4. What’s the average rent for that same house?
$1.9K – $2.2K per month

5. What are the average annual taxes for that property?
$4,100

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

1.Salem, Oregon
2.8.1% and twelve months ago it was 9.4%
3.$235,850
4.around $1485.00
5.around $5000
6.average is about 123 days

1) City: Houston Harris County/Galveston County
You need to look at both because the cities run together.
2) Current unemployment rate:
Google 6.5%-6.9% 12 Months ago & 7% Now
Houston Business Journal 7.3% 12 Months ago & 6.2% Now
3) Average Cost of 3 Bedroom/2 Bath:
Houston $145,000.00
Galveston County $130,000.00
4) Houston rental rates $1500.00
Galveston County rental rates $1200.00
5) Houston taxes average $4200.00
Galveston County taxes average $3500.00
6) Houston Days on Market 53
Galveston County Days on Market 70

Single Family detached homes:

Location: Boca Raton, FL
Current Unemployment rate: 7.7% - 1/2012 - 9%
Median 3BR/2BA Sales Price: $183,000
Average Rental Rate for this home: $2,000
Average Taxes for this home: $3,000
Average DOM:140

Location: Deerfield Beach, FL
Current Unemployment rate: 6.8% - 1/2012 - 9.4%
Average 3BR/2BA Sales Price: $161,000
Average Rental Rate for this home: $1,800
Average Taxes for this home: $2,400
Average DOM: 140

Comment: Prices are still low but trending upward.
Similar statistics are found in nearby Delray Beach & Pompano Beach. Foreclosures and Short Sales are still about 20% of the local market but many are being involved in "bidding wars". Traditional sales are priced competitivly.
Supply of this type of home is tight in better neighborhoods. Now is the time to buy!

I live in a great historic city with wonderful residential districts and EXCELLENT schools, and thats what makes it so good for investors because its hard to find a rental here because they go so fast...
1) Amherst, OH 44001 (zip)

2) Unemployment in 2012 was 8.1%...Now 7%

3)Median price for a 3 bedroom home is $120,000
(However the best 3 bedroom rentals can be purchased for 85K-100K)

4)Average rent for 3 bedroom house: $800-$1100

5) Average taxes for same house: $1,400

6)Days on market: 90-110

You would not be disappointed to invest in this City. Its also only 30 minutes away from downtown Cleveland!

Here are the six questions to answer:
1. What city are you in?
Garden Grove, Ca 92843
2. What is the current unemployment rate and what was it 12 months ago?
Current: 9.83%
12 months ago: 11.22%
3. What’s the current average cost of 3 bedroom house in your area?
$335,000
4. What’s the average rent for that same house?
$1,950
5. What are the average annual taxes for that property?
$4,100
6. What are the current days on market?
64 Days

Your New Manager for South Florida

Single Family detached homes:

Location: Boca Raton, FL
Current Unemployment rate: 7.7% - 1/2012 - 9%
Median 3BR/2BA Sales Price: $183,000
Average Rental Rate for this home: $2,000
Average Taxes for this home: $3,000
Average DOM:140

Location: Deerfield Beach, FL
Current Unemployment rate: 6.8% - 1/2012 - 9.4%
Average 3BR/2BA Sales Price: $161,000
Average Rental Rate for this home: $1,800
Average Taxes for this home: $2,400
Average DOM: 140

Comment: Prices are still low but trending upward.
Similar statistics are found in nearby Delray Beach & Pompano Beach. Foreclosures and Short Sales are still about 20% of the local market but many are being involved in "bidding wars". Traditional sales are priced competitivly.
Supply of this type of home is tight in better neighborhoods. Now is the time to buy!

After reading through your list of comments I see you have noone in my area applying so...

1. What city are you in?
Minneapolis, MN
2. What is the current unemployment rate and what was it 12 months ago?
Current 5.6%
12 months ago 5.8%
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?

$1300
5. What are the average annual taxes for that property?
$2k

6. What are the current days on market?

111

Past that, I'd like to throw in that the Twin Cities is a growing area adding much infrastructure. Also, I personally have relationships here with an amazing realitor, an excellent property manager, and I have my own maintence guy. I own rental property but am not moving as fast as I like because I am both weak in credit and capitol but would love to partner with you guys and grow a small empire of rental properties in the Twin Cities. I'm a software engineer and have been building my own software as of late to parse the data from the MLS and automate the process of making low offers that take into account specific areas and also software to help manage tenants and properties so that I can bring on other investors and give them total exposure to their property at all times. I'd love to share these tools with you and be your guy in the Twin Cities. I could care less about the ipad, if you draw me give it to someone who needs it, I just want to work with you guys.

Atlanta, GA

Current unemployment rate 8%
12 months ago 8.9%

Avg cost of a 3 bedroom home is $185,000

Avg rent $1,388

Avg annual taxes $3,852

Current DOM 187 days

Dean-

Lets do Newburgh... great historic inventory in a depressed area that is being rehabilitated. 1 hour away from NYC. Location Location Location! I'll wait for your call;)

19 S Miller Street Newburgh NY
Asking Price: $49,000
Year Built: 1880
Size: 3,332 sq ft
Neighborhood: NoBro
Taxes: $10,645

Unemployment rate now 7.2% down from 8.3% 12 months ago
76549/120,000
rent 1,050
Average taxes 2,500
DOM 55

Dean,

My son and I are using your techniques to nail an average of 2 properties a month. Come work with us!

1. City: Austin-Round Rock, TX Metropolitan Statistical Area

2. Unemployment rate: Current 5.3%. 12 months ago 6.6%

3. Average cost of 3 bedroom house: Depending on neighborhood could range from $48,000 to $4.9 million. Average is around $150,000

4. Average rent: Houses rent for around $0.68/sf

5. Average taxes for a $150,000 house: $3,600/year

6. Days on market; Average days on market in our area is 64 for 2012.

Tony Garrant
TonyGarrant@****
(512) 779-6744

1. San Antonio, Texas
2. Current 6.2, last year 7.6
3. Depends on what side of town. $165k
4. Depends on what side of town. $1,300
5. Depends on what side of town. $3,500
6. 89

1. Oshawa, ON Canada
2. Unemployment Rate Current 6.6, Year Ago 5.6.
3. Avg. Price 3 bedroom house $280000
4. Avg. Rent 3 bedroom house $1400
5. Avg. Annual Taxes $4000
6. Days on Market 35

1. Toronto, Ontario Canada
2. Current unemployment rate is 9.5% and at the same time last year it was 9.1%.
3. Median cost of a 3 bedroom detached house in Central Toronto is $800,000.
4. Rent for that same 3 bedroom detached house is $3,500.
5. Average annual taxes are $6,169.58
6. Current days on the market average is 16.