Dean Graziosi Weekly Wisdom #217 - Seeking Investor Area Managers

I live in the Tri-State Area of the Greater Lehigh Valley in Pennsylvania. Three great cities: Allentown, Bethlehem and Easton.

City: Easton, PA

The unemployment rate for the whole city of Easton in Jan. 2012. It was 9.6%.

Currently by zipcode:

Zipcode: 18042 Unemployment rate: 5.92%
Average Cost of a 3 bedroom home: $149,267
Average Rent: $1050
Average Taxes: $2,841
Days on the market: 144 days

Zipcode: 18040 Unemployment rate: 3.5%
Average Cost of a 3 bedroom home: $201,000
Average Rent: $1100
Average Taxes: $2,995
Days on the market: 127 days

Zipcode: 18045 Unemployment rate: 2.47%
Average Cost of a 3 bedroom home: $199,990
Average Rent: $1,340
Average Taxes: $3,067
Days on the market: 166 days

The Area Manager role looks inviting & full of challenge. I'm ready to take it on. I'm in La Habra, CA., the North-East part of Orange County,CA.

1) La Habra Unemployment rate - Oct. 2011 - 11.5%
As of Oct. 2012 - 8.1%

2) Average cost-3br. single family home $340,000.

3) Average rent - 3br home - $2,561/mo.

4) Average annual property taxes - $3624

5) La Habra - Average current days on Market-108

North Brunswick NJ
unemployment rate is 7.6% from 8.4%
average sale is 259,000
average rent is 1900
taxes are 6400
days on market 48

1) I am in a metro area known as the Fox Cities Wisconsin, which is made up of Appleton, Kimberly, Darboy, Combined Locks, Little Chute, Neenah, Menasha, Kaukauna, Greenville, and Hortonville(combined Population about 220,000). I am also reaching into the Great Milwaukee Area.

2) Unemployment Rate?

Northeast Region WI: 8.1%, 12month prior-7.9%
Appleton: 7.2% - 12month: 6.7%
Milwaukee: 7.4% - 12months: 7.5%

3) Average Cost?

Northeast Region WI: $130,000
Appleton: $130,000, fluctuates, very fast growing area, Northern Appleton 200k +
Milwaukee: $150,000

4) Average rent?

Appleton: $750-$900, moves fast! $1100 range sits, but will rent
Milwaukee: $1300

5) Taxes?
Appleton:3k
Milwaukee: 6K

6) Days on the market?

Appleton: 366 days
Milwaukee: 150 days

Thank You

(1) what city I'm in Washington DC
(2)What is the current unemployment rate and what was it 12 months ago? current umemployment rate 7.8 percent for 12 months ago remain the same 7.8 percent.
(3)what are the current average cost of 3 bedrooms house in my area? $300.000
(4)The average rent for the same house -$1.389
(5)What are the average annual taxes for the property? 2,224
(6)What are the current days on market?
31.

Cassandra Pugh

1)Germantown,MD
2)The current unemployment rate is 4.9%
3)The average cost of a 3 bedroom house in this
area is $332,000.00
4) the average rent is $1,980.00
5)the average annual taxe rate is 0.70 or $2,324.00
6) The average days on the maket was 73

PARIS,TEXAS, 8.6%NOW 8.5% LAST 12MO. AVG HOUSE 125K, RENTS 950-1000MO. TAXES 1700-1900YEARLY AVG DOM 285 DAYS.

PLANT JUST RE OPENED TO HIRE 300-400 NEW EMPLOYEES, BEEN CLOSED 2YRS.

1. What city are you in? I live In Queens County New York. I'm close to Brooklyn, Manhattan, long Island, Bronx,Queens.

2. What is the current unemployment rate and what was it 12 months ago?
Unemployment rate is: 7.0% to 7.9%

3. What’s the current average cost of 3 bedroom house in your area?
The average cost for 3bd room house is: 350,000 to 400,000

4. What’s the average rent for that same house?
Average rent is 2,000.00 to 2,200.00

5. What are the average annual taxes for that property?
Average annual taxes 2,000.00 to 2,300.00

6. What are the current days on market?
currant days on market about 200 days or more.

I thankyou Dean Graziosi and his team for giving us the opportunity to become part of this.

1. I'm in Wilsonville, Portland's, OR suburb.

2. Current unemployment within 12 months was from 8.4% to 7%.

3. Current average value for 3 beds is $285K.

4. The average rent for 3 beds is 1,320/month.

5. Average annual tax for 3 beds is $3,200/year.

6. Days on the market are - 102days.

Thank you and Happy New 2013th! Charlie,

1. Brunswick,Ohio Current unemployment rate 5.8% down from 8.0%

2. Ave. Cost 3BR HOME $162,000

3. Ave. Rent $1,200

4. Ave. Taxes $2,200

5. Ave. DOM 140

Dean & Matt, I would like to thank you for the opportunity to become a Investor Area Manager. Looking forward working with you soon.

What an opportunity it is to get into the Real Estate Investment Business with Dean.
Thank you for the chance to be part of your team.
phil lucara

Live in Bradenton Florida

1- Unemployment rate: currently 8.1 % was 8.5% 1 year ago.

2- Average cost of 3 bed house $225,000.

3- Average rent for this home from $900.00 to $1,300.

4- Average taxes would be around $3,500.

5- Current days on the market 2 to 3 months.

Boynton Beach, FL zip:(33426, 33435, 33436, 33437,33472, 33473)
Unemployment rate: 8.4%
Avg cost 3BR: $140,000 - $190,000
Avg Rental: $2,200
Avg Tax: $2500
DOM:180

N.B Quite a few pre-foreclosure on the market zip 33473.

What a greate opportunity to be part of Deans group.

1.What city are you in?
San Jose, CA

2.What is the current unemployment rate and what was it 12 months ago?
Current: 8.1% / 9.3%

3.What’s the current average cost of 3 bedroom house in your area?
$508K; Ease San Jose $335K, West San Jose $752k

4.What’s the average rent for that same house?
$2000 - $2800

5.What are the average annual taxes for that property?
~$8000 for $500K Home

6.What are the current days on market?
45days

1.What city are you in?
San Jose, CA

2.What is the current unemployment rate and what was it 12 months ago?
Current: 8.1% / 9.3%

3.What’s the current average cost of 3 bedroom house in your area?
$508K; Ease San Jose $335K, West San Jose $752k

4.What’s the average rent for that same house?
$2000 - $2800

5.What are the average annual taxes for that property?
~$8000 for $500K Home

6.What are the current days on market?
45days

1. Charleston,SC
2. December 2011 8.0%
November 2012 6.7%
3. Average is about $165,000
4. $1219.00
5. $1,082 est.taxes
6. 90 dom

1. What city are you in? -
Concord, NC near Charlotte, NC

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

Oct. 2011 - 9.0%
Oct. 2012 - 7.5%

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

Between $150K to $160K

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

$900 to $1200/month

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

2012 - $1111.72/year

6. What are the current days on market?

Avg - 60 days

- I am ready to go to work for you!

1)Bakersfield, California

2)Current unemployment: 8.3%
Unemployment 12 mos. ago: 14.5%

3)Average cost for 3 bedroom(93301): $121,513.00

4)Average rent: $1,340.00

5)Average taxes: $1,987.00

6)DOM: 75 days

Welcome to Springfield MA!

We are a great city, currently entertaining casino options for our downtown area. We have a great college presence with Springfield College as well as WENC. Springfield is where I am spending my investment dollars and I hope that you will find it as appealing as we do!

1. Unemployment rate for 2011 - 8.5%
2012 - 7.8%

2. There are currently 206 single family homes for sale in Springfield the average list price is $137,000.00 these homes have been on the market for an average of 197 days

3. The average rent for a 3 bedroom 1 bath is $1,100.00

4. Average taxes on a 1100sf home is $2310.00

5. Again the average days on market is 197 days.

There have been 344 single family homes sold in Springfield in the past 6 months with the average sales price being $114,000.00

I hope this is helpful and that we have the chance to talk further as my goal is to become part of your team, be it as a New Area Manager or one of your trainers!

The real estate winter snow ball is starting to roll downhill gaining momentum in the city of Boise, Idaho with a Current rate of 6.3% unemployment compared to 12 months ago at 7.8%. The median home price is 170K which maximizes your investment dollar by stretching it out like a pancake with undervalued homes so you can rent that baby out for an average of $875/month with annual taxes just at $800/year leaving room for a stack of investment pancakes. Not to shabby with 90 to 150 days on the market to sell, so don't forget to bring your syrup, we have the pancakes!

Summary:

1. Boise, Idaho

2. current 6.3% compared to 7.8% 12 months ago.

3. $190K-$160K

4. $875 per month

5. $800 taxes

6. 120-180 days on market

Hope everyone has a fabulous day!

Kurt R jr.

1. Pittsburgh, PA
2. 6.7% one ago; 6.6% current (not seasonally adjusted)
3. $205,000
4. $1,275/month plus all utilities, interior and exterior maintenance except roof and structural maintenance)
5. $4,250/year
6. 90 days

1. What city are you in? Newport News, VA
2. What is the current unemployment rate and what was it 12 months ago? 6.7% and 12 months ago it was 7%
3. What’s the current average cost of 3 bedroom house in your area? $170,340 average price
4. What’s the average rent for that same house?
around $1000
5. What are the average annual taxes for that property? around $2200
6. What are the current days on market?
around 30-40

Hey Dean,I live in Westfield MA also next door to SPRINGFIELD MA also known as the city of homes,you were here this past fall. 1.unemployment is at 7.3%and 6.6% six months ago.ALSO the people be low poverty level is 8.9% 2. a
A three bedroom house rate for newly built is averaging 200,000.00. 3. on the market from 6mths to a year.But forecloseors with banks and HUD are listed at the average of 75,000.00.THEY GO A LITTLE QUICKER,we have a large population of U Krains they are thrifty.BUT BORN AND RAISED IN the PIONEER VALLEY as well as in a family retail business,Im an educated wheeler and dealer. 4.Rent for three bd.r. average is 850.00,its a college town so higher rent in nicer areas.Springfield rent is lower average at 650.00 for same tax is a little lower.5. TAXES ON A MULTI HOME WITH 3 BDR. IS 3000.00 THOUSAND A YEAR hope this helps you all in your decision .BOY YOU GOT ME EXCITED WHAT A BUYERS MARKET!Hope to here from you soon.MAY GOD continue to Bless ypo both and your families. sincerely, LUANE ROSS

Hi Dean & Matt,

My backyard is Houston, TX

1. Unemployment 2011- 8.4%
2012- 6.0%

2. Average 3 BR Sales Price 111,000

3. Average Rental $1450
Median $1345

4. Average Tax $3115
(varies by school district)

5. Average overall DOM 75
(varies widely by subdivision)

Houston is a unique market because of the widespread area the metroplex covers; plus, subdivisions across the main street may vary in value by up to 400% since there is no zoning inside the city limits.

My wife and I met Matt when he did Boots on the Ground here a couple of years back. The class was great at bringing me back up to speed after a few years of being out of real estate.

We look forward to working with you both.

City: Wichita, KS

Unemployment rate: 9.0% to 6.8% in last 12 months

Avg cost 3 bdr 2 bath: $105,000 for south wichita
$130,000 for east and west wichita

Avg rent $850

Annual taxes $1400

DOM 70

The rental markets here are very steady and reliable, since we have McConnel Air Force base and all of the aircraft companies here.

1. Portland Or inter city concentrating on the Southeast side

2. Unemployment rate Dec. 2012 7.8% down from 8.7% in Dec 2011.

3. Average price SFH in SE hotspots/ Varies from about $282,000 to $309,000 in 2012 depending on specific location . Prices drop further away from downtown. Prices are up from 2011 and supply is 4 - 6 mth out at current sale rate

4. rent in the SE "close in " ranges from $1400 -$2200 / for 3 bed
depending on location, amenities and landlord greed

5. average taxes $3500/year

6. DOM 115 in December 2012

1. I live in the city of Vacaville, California
2. The current unemployment rate now is 11%, and
was 12 months ago 11.01%
3. The current average cost of a three bedroom in
this area is $293,688+ 4.5% :$280,959:$291,669
$297,435.
4. The average rent for a three bedroom in this
area is $1,000-$1950 per month.
5. The average annual taxes for property in this
area is $2,283.
6. The current DOM is 90 days.

Let's get started partners.

The real estate winter snow ball is starting to roll downhill gaining momentum in the city of Boise, Idaho with a Current rate of 6.3% unemployment compared to 12 months ago at 7.8%. The median home price is 170K which maximizes your investment dollar by stretching it out like a pancake with undervalued homes so you can rent that baby out for an average of $875/month with annual taxes just at $800/year leaving room for a stack of investment pancakes. Not to shabby with 90 to 150 days on the market to sell, so don't forget to bring your syrup, we have the pancakes!

Summary:

1. Boise, Idaho

2. Unemployment
current 6.3% compared to 7.8% 12 months ago.

3. $190K-$160K 3bedroom

4. $875 rent/month

5. $800 taxes/year

6. 120 days on market

The last 5 years real estate has depreciated by an average of 10% in Boise and is currently undervalued. Fabulous place to live an active lifestyle, go to college, and raise a family.

Hope everyone has a fabulous day!

Kurt R jr.

took time to understand the ? and answered correctly!

SLOW down and pay attention! Re-read.

DEAN is Giving you a chance to bring deals, sell them, make a profit and in turn you'll be Helping him, creating a Win, Win , Win situation for ALL involved.

Dean can/will rehab, sell, L/O or hold for cash flow and pass the deals to his students/buyers.

You can do the same.

PRIME Example of what Dean teaches in being the "Problem Solver".

IF you can Learn the market, Evaluate deals to meet the buyers wants/needs, YOU have WON!!!

Thank You Dean for extending the opportunity for your students to make that deal and keep them going!