Dean Graziosi Weekly Wisdom #217 - Seeking Investor Area Managers

1. Roseville, CA 95747
2. unemployment - 8.9% now, 10.1% last year
3. cost - $330k list, $303k sold
4. rent - $1720
5. taxes - $4900
6. DOM - 43

With the low DOM, it is becoming a bidding war out side of the Sacramento area.

Here are the six questions to answer:
1. What city are you in? Virginia Beach, VA
2. What is the current unemployment rate and what was it 12 months ago?
2012 - 7.1% 2011 - 6%
3. What’s the current average cost of 3 bedroom house in your area? 3BR/2BA $242k
4. What’s the average rent for that same house?
$1275
5. What are the average annual taxes for that property? $1912
6. What are the current days on market? 130

Phyllis
This is fun!!!

Hi Dean:

Have been able to save most of my property
since the down turn of 2008. Lost close to
4.9 Million..

I am now in my 70's and started real esate
with my grandmother at around 13 years old.
Worked in her Real Estate office, doing escrows. Have been buying fixing up and flipping for the past 30 years.

Reading and studying your book's and ready
to work this new year.

My credit rating need repair. The last 4 years
have not been great. I managed to keep my
real estate but lost my motels.

It would be nice to work with you If you could
invest in my area, Vallejo, California 94590.

Walter G. Marchant

1. Lakewood, CA 90712. Unemployment Rate in 2013- 7.50%. U.R. One year ago- 9.05%

2. Avg. Cost of 3 BR House- $365,000.

3. Avg. Rent of 3 BR House- $1,800 to $2,000.

4. Avg. Taxes of 3 BR House- $2,822.

5. Current DOM- 22

1. City - Salem, Oregon 97302

2.Unemployment - 8.1% OCt 2010 it was 10.2%

3. Avg cost - $185,000

4. Avg rent - $950.00

5. Taxes - $2800.00

6. Current DOM - 180

Current city Cedar Hill, Tx 75104

Unemployment rate 2012 7% 2011 was 7.7%

Average cost for 3 br home $160,236

Avg cost to rent 3 br home $1,400

Avg taxes $2,100

Days on market 42

THIS IS A CORRECTION:::

1. VALLEJO, CALIFORNIA 94590,
2. UNEMPLOYMENT RATE VALLEJO, CA 94590 9.6 DOWN
FROM 12.1 2012.
3. AVERAGE COST 3 BDRM: $175,000.00
4. AVERAGE RENT: $1,500.00
5. AVERAGE TAX: $1,000.00
6. AVERAGE DOM: 52

THANKS GUYS FOR THE OPPORTUNITY

WALTER G. MARCHANT
VALLEJO, CALIFORNIA 94590

What City are you in? Porter Ranch, California 91326 - Not to far from Hollywood, Los Angeles, Pasadena, Burbank, Simi Valley, etc.
There's no one that will work harder for you then me.

What is the current unemployment rate? 12%

Current average cost of a 3 bedroom, 2 bath home? %540,000 - $600,000 or more depending on sq. footage

Average rent? $2800 - 3,200.

Annual taxes $6,000 (sorry, it's Calif.)
Current days on market 14-20

1) Anaheim Ca. 92804
2) 11.10 in 2011, 9.68 in 2012
3) $356,800.00
4) $2,060.00
5) $3,568.00
4) 90-120 Days

I would love to be a team player.

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.South West, Seattle
2.8.5% - current January 13.6% a year ago
3.$349,990
4.$1,586 to $4,900 a month
5.$2,875.00 varies
6.45 to 180 days

Sheila George - A newbie

I double win!!

I would love to be a team player.

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.South West, Seattle
2.8.5% - current January 13.6% a year ago
3.$349,990
4.$1,586 a month
5.$2,875.00
6.90 days to 180 days

Sheila George - A newbie
I double win!!

1. What city are you in?

Winder, Georgia 30680

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

Current: 8.63% 12 months ago: 9.84%

3. What is the current average cost of a three bedroom house in your area

List: 127,976
Sell: 75,000

4. Average rent for 3 bedroom house

925.00

5. Average taxes 3 bedroom house (no Homestead exemption)

1156.19

6. Current days on market

82

1. What city are you in? Tacoma, Washington State
2.a What is the current unemployment rate? 9.7
2.b What was the unemployment rate12 months ago? 8.7
3. What’s the current average cost of 3 bedroom house in your area? $149,950
4. What’s the average rent for that same house? $1,200/month
5. What are the average annual taxes for that property? $2,400
6. What are the current days on market? 9

Tacoma has a variety of homes available on the market.

1. Castro Valley, CA /Alameda County
2. Unemployment rate-8.6% last 12 months -9.60%
3. 3 bedroom homes-average-$421K
4. average rent-$1,500
5. average tax rate-8.75
6. current days in market-103 days

Thank you for all that you do for us. Awesome information

Hi Dean and Matt,
Ingenious way to gather information fast around the country. Thanks for the opportunity. I did research in a state and found this area to be the best part of a metropolitan area.

My area is SOUTH MILWAUKEE, WI

1. UNEMPLOYMENT TREND: DOWN 1.3% in 1 year Current: 8.2% 1 Yr Ago: 9.5% 2 yrs Ago: 10.9%

2. AVERAGE PRICE OF 3 BEDROOM: UPWARD TREND 14.8% $139,000 ($97/SQ FT) 1 Yr Ago: $121,000 (non foreclosure or short sale) [THESE ARE ARV PRICES, NOT BUY PRICES. BUY PRICES ARE MUCH, MUCH LESS. ]

3. AVERAGE RENT OF 3 BEDROOM Average rent: $838 / Median rent: $778 [I use actual rental comps for rental rates]
20th / 80th percentile: $700 / $910
10th / 90th percentile: $650 / $1050
(NOTE: There are several zip codes in this area, so it is depends on which zip code the 3 bedroom is in. Rates in some areas are higher than this.)

4. AVERAGE TAXES OF A 3 BEDROOM: $3753.00 (2.7% of assessed value)

5. AVERAGE DOM: DOWN 61% Current average DOM: 122. 1 year ago DOM: 200. The percentage of 30 DOM properties in this area is 27% in general. Again, each zip code is distinctly different.

Thanks for the opportunity.

I would love to be a team player.

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.South West, Seattle
2.8.5% - current January 13.6% a year ago
3.$349,990
4.$1,586 a month
5.$2,875.00
6.15 days to 180 days

- A newbie
I double win!!

Hello gentlemen and thank you for this opportunity.

City: Sacramento, CA

Current unemployment: 9.8% as of Nov 2012 down from 11% in Nov 2011.

Average sales price of 3 Bed SFR: $141,000 Sep-Nov 2012

Average annual property tax: $1551 @ 1.1% of purchase amount

Average DOM:37

1. What city are you in? Tacoma, Washington State
2.a. What is the current unemployment rate? 9.7
2.b. What was the unemployment rate12 months ago? 8.7
3. What’s the current average cost of a 3 bedroom house in your area? $149,950
4. What’s the average rent for that same house? $1,150/month
5. What are the average annual taxes for that property? $2,400
6. What are the current days on market? 9

Tacoma has a variety of homes available on the market. The location is booming with plenty of inexpensive rental homes. I do hope you consider returning to our area.

Good day!

1.What city are you in?
-Dearborn,Michigan

2.What is the current unemployment rate and
what was it 12 months ago?
-9.4% (As of 9/2012)
-10.2% (9/2011)

3.What’s the current average cost of 3
bedroom house in your area?
-$74,000

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

5.What are the average annual taxes for
that property?
-$2500

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

I am in Fremont,CA, one of the tri-city area. Beside Fremont, I have done research for 3 other adjacent cities.
Single Family Home/3 bed room
2.
FREMONT, CA: Current 6.2%. 1/2012 was 6.9% (National current 7.8% and 1/2012 was 8.3%).
UNION City, CA: Current 8.1%, 1/2012 was 8.9%.
NEWARK, CA: Current 8%, 1/2012 was 8.9%
HAYWARD, CA: Current 9.6%, 1/2012 10.6%

3. Median list price 3 bedrooms/ Single Family Home
Fremont $675,000 ; median $/sqft $403
Union City $499,888 ; median $/sqft $267
Newark $398880; median $/sqft $304
Hayward $409,000; median $/sqft $258

4. 3 bedrooms/Single Family Home Fair Market Rent
Fremont. $2521.80
Union City $2149.50
Newark $2154.50
Hayward $2083.80

5. Average property tax:
Fremont 0.58%
Union City 0.67%
Newark 0.57%
Hayward 0.46%

6. Current median days on market
Fremont 41 days. ( total inventory 115)
Union City 25 days (total inventory 17)
Newark 24 days ( total inventory 15)
Hayward 40 days (total inventory 79)

Other information:
Population: Fremont 205,521; UnionCity 72,849; Newark 42151; Hayward 144300

Household median income:
Fremont $100,450
Union City $87,205
Newark $81,263
Hayward $61,752

Home occupied %:
Fremont 88.8%; Union City 87.76%; Newark 94.6%; Hayward 92.55%

Population % with BA degree or higher:
Fremont 48.47%; UnionCity 39,78%; Newark 27.24%; Hayward 24.58%

Notes:
1. Fremont, Union City ,and Hayward Are connected by BART, a very convenient way for people who need to work and commute to Oakland and San Francisco cities.
2. Fremont has quite safe environment and excellent primary to high schools. Many residence lives here for that purposes and travel to the south to work in cities in Santa Clara county.
3. Contruction is on it's process to further Bart station to Milpitas, CA; which is also another neighbor city to Fremont on the south.

Ref: home facts.com; movoto.com; trulia lifestyle;

Thank you everyone for sharing informations on different cities. I am Wishing everyone the best in 2013 and beyond.

1.Mililani, Hawaii
2.current unemployment 5.3% down from 6.7% a year ago
3. Ave cost of 3BR SF/here> 520,000.
4.Ave rent of same house 2450.00 of same house
5.Ave annual taxes 1380.00 for above house.
6. Ave days on market>38-48 days on both condo and SF property

1. What city are you in?
San Antonio, Tx
Richmond, Va
Hopewell, Va

2. What is the current unemployment rate and what was it 12 months ago?
San Antonio, Tx "Current-6.2%" "12 mths prior 7.8%"
Richmond, Va "Current-8.3%" "12 mths prior 9.2%"
Hopewell, Va "Current-8.3%" "12 mths prior 10.0%"

3. What’s the current average cost of 3 bedroom house in your area?
San Antonio, Tx $180,000
Richmond, Va $250,000
Hopewell, Va $135,000

4. What’s the average rent for that same house?
San Antonio, Tx $605
Richmond, Va $600
Hopewell, Va $600

5. What are the average annual taxes for that property?
San Antonio, Tx $3,000
Richmond, Va $2,000
Hopewell, Va $2,000

6. What are the current days on market?
San Antonio, Tx 20-30 days
Richmond, Va 20-30 days
Hopewell, Va 20-30 days

City - Tacoma, WA
Current Unemployment - 8.8% (1 Year Ago - 9.7%)
Average Cost of 3 bedroom home - 191,304
Average Rent of 3 bedroom home - 1,235
Average Annual Taxes - 2,245
Current Days on Market - 272

Have a great day, guys.

Chase Wilson

1. What City: San Jose, CA (Silicon Valley)
2. Current Unemployment rate: 8.8% (12/2012)
2011 average unemployment: 10.8%
3. Average Cost (3 bdrm): $513,340.00
4. Average Rental (3 bdrm): $2,300 - $2,900
(depending on the area and neighborhood)
5. Average Annual Property Tax: $6,400 @ 1.25%
6. Current days on market: 36

Silicon Valley is a high priced area. Prices and averages varies from each zip code. There are still many great deals available. Let me know what you think.

Q1: What city are you in?
A1: Austin

Q2: What is the current unemployment rate and what was it 12 months ago?
A2: Oct 2011: 6.6%
......Oct 2012: 5.3%

Q3: What’s the current average cost of 3 bedroom house in your area?
A3: $130K

Q4: What’s the average rent for that same house?
A4: $1150

Q5: What are the average annual taxes for that property?
A5: $2900

Q6: What are the current days on market?
A6: 86

1) My city: Jacksonville, FL. Jacksonville is the largest city in Florida based on population, and the largest city by area in Florida and the contiguous United States. Jacksonville is the third-most populous city on the East Coast, after New York City and Philadelphia. Other cities, such as Boston, Washington, D.C., and Miami, have larger metropolitan area populations. Forbes ranks Jacksonville 13th in the U.S. for number of sunny days, 8th for income of residents 65 and older, 14th for median home price, 32nd for home price change predicted for 2009-2014, 13th for cost of living, and 15th for median housing cost.

2) Current unemployment rate: 7.7% (lower than the state of FL at 8.1%) Source: US Dept. of Labor - http://tinyurl.com/apor69e and http://www.bls.gov/eag/eag.fl.htm.

3) Previous year unemployment rate: 9.2% (lower than the state of FL at 10.1%) Source: Bureau of Labor Statistics - http://tinyurl.com/a73ujkq.

4) Current Avg. cost of 3BR home: $131K. Source: Northeast Association of Realtors - http://tinyurl.com/b5vps5a.

5) Avg. rent: $1,265. Source: Rebaterentals.com - http://tinyurl.com/a4c2hoe.

6) Avg. annual tax: $2,456. Source: MSN Real Estate - http://tinyurl.com/a5bbhsy.

7) DOM: 112 days (down 7.3% from last year) Source: Northeast Association of Realtors - http://tinyurl.com/b5vps5a.

The Jacksonville metropolitan area broke into the ranks of improving housing markets after posting six months of positive activity, according to a report issued Monday by the National Association of Home Builders in Q4 '12. Home prices are on the rise due to pent up demand (see http://tinyurl.com/azbsw97) and building permits are up nearly 25 percent in September '12, up 7.5 percent from Q2 and up 22.2 percent from Q3 of 2011. See http://tinyurl.com/b6foxrw.

See key economic stats at http://www.city-data.com/city/Jacksonville-Florida.html

Here are the six questions to answer:
1. Huntington Beach, CA
2. current unemployment rate- 5.8%, 12 months ago-7.6%
3. Average cost- $532,500
4. Average rent- $2,493
5. Average annual taxes- $2,419
6. Current days on market- 23 days

Hi Dean,

Here are the answers for my city:-)

1. What city are you in? San Leandro, CA
2. What is the current unemployment rate and what was it 12 months ago? Current unemployment rate is 10.7 in a town pop of 85,000 . The UE rate for the County (Alameda) is 10.8 and the State is 12.3. The UE rate for San Leandro in Jan 2012 was 9.4.
3. What’s the current average cost of 3 bedroom house in your area? Av cost is $325,000.
4. What’s the average rent for that same house? $1900.00
5. What are the average annual taxes for that property? $1330.00. There could be additional Supplemental taxes also.
6. What are the current days on market? 88 days

I think this area is Hot for investing now and I would love to work with you!!

Yvette

P.S. I love your enthusiasm!

1) Livonia, MI (suburb outside of Detroit)
2) current ue rate is 10.7 and it was 11.4
3) avg sale price is $119,900
4) avg rent is $1000
5) avg annual tax is $2200
6) avg days on market is 123

Dean you are one of my heroes. I'm so excited about this opportunity. Oklahoma is a great place to live and invest in let's make great opportunties happen.

This is the second time I'm sending answers something happened to the first comment. I'm so pumped about 2013 in OKLAHOMA!!

1. 50 mile radius of Oklahoma City metro, including Enid,OK.

2.Unemployment is currently at 5.2%. 6.3% 12 months ago. So it's steadily decreasing and consistently lower than national average.

3. Average 3 br home cost in OKC is around 137k. Statewide is around 100k.

4. Average rent is 1100K a month for this type home in OKC. For the state around 850-900 per month.

5. Annual taxes average around 1500K.

6. Current days on market for this house 65 days. Average DOM is 185.

Man, this is exciting. I really want to make this opportunity happen for my great state. I'm currently trying to go statewide then eventually nationwide. I look forward to hearing from you soon. Let's do it in 2013.

Thanks for this opportunity.

Yours truly,
Rob Boldt