Dean Graziosi Weekly Wisdom #217 - Seeking Investor Area Managers

1.Cheyenne Wyoming

2.4.9% Current Unemployment 6.8% Jan 2012

3. 3 bd Avg : $130K

4. Rent: $900

5. Tax: $900

6. DOM 72

Within 100 miles of Denver Co., Community College, within 50 mi of UW, some student housing. 3 LARGE Industrial Parks being established just outside of town. 1 Caveat... only a population of 75k around Cheyenne.

2 Cities that I'm looking forward to being your Area Manager in:

City #1

1. Pittsburgh, PA

2. Unemployment rate 7.8% 2012
7.0% 2013

3. Avg. Cost of 3 Beds $142,000

4. Avg. Rent $1200

5. Avg. Taxes $2000

6. Avg. DOM 88

City # 2

1. Allentown, PA

2. Unemployment rate 11.0% 2012
11.7% 2013

3. Avg. Cost of 3 Beds $118,000

4. Avg. Rent $1100

5. Avg. Taxes $2000

6. Avg, DOM 120

I just moved to Allentown and it has plenty of opportunity. A new arena is being built for the Lehigh Valley Phantoms hockey team (Minors for Flyers) The city has the $272 Million complex expected to open in Oct. 2014. I've been traveling back and forth for the last five years, I've seen the worst and now things are changing for the better. Thanks Dean for giving us all this opportunity and being able to see what's going on in the rest of the country.

I'm ready to learn from best in the business.

1. What city are you in?
San Antonio, TX

2. What is the current unemployment rate and what was it 12 months ago?
Unemployment rate now: 6%
A year ago: 8.1%

3. What’s the current average cost of 3 bedroom house in your area?
$130,000.00

4. What’s the average rent for that same house?
$1,200.00

5. What are the average annual taxes for that property?
$1,500.00

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

San Antonio is growing fast and there are great opportunities for making money in real estate here.

1. What city do yiou live in?
Beaumont, Ca

2. Unemployment rate
Jan 2012 16.1 % Jan 2013 13.7%

3. What's the average cost of a 3 bedroom?
A 3 bedroom 2 bath 1600 sqf is $155,000

4. What's the average rent for a 3 bedroom?
Rents run from $1250 to $1400

5. Average property tax is $2172

6. Curent days on the market is about 68

We are a small town near bigger cities. Our growth has tripled in the last 5 years. New development includes super-walmart, home depot, best buy, ross, staples, bed bath and beyond and lots of small popular store. I feel that our area is a wonderful place to raise children. We also have one of the highest test scores in Ca. Education is a priority and we have a very low crime rate.

Hi guys!

Another new and exciting weekly blog, and opportunity, thanks! Matt I sent you an email. Take care

Angie

1. Little Rock,AR
2 Unemployment rate fell off 2% to 7.0 and dropping.
3.Average cost for 3 bedroom is $178,000 +/- depending on the area it can go up to $383,779 based on 239 sales in Sept 12 to Nov 12.
4.Average rent can range from $650-$1700.
5. Average tax for example zip code 72227 $765.56 with a homestead credit of $300.00 where another can run $1,0624.44 with no homestead credit.
6.DOM: 68 days

Arkansas is a great place to invest just for rental properties. The population has grown especially with two wage earner households. People would rather rent than buy for many of reasons. Yes, I can attest to this traveling to different states it is less hassle to find work , if you are not picky about what type of work. It is cheaper to buy here with less hassle.
Just saying it worth looking into.

The following are the answers to your 6 Questions.....

1. What city are you located in?
Hoffman Estates, IL

2. What is the current unemployment rate & what was it 12 months ago?
Current as of December 2012 - 6.4%
Current as of December 2011 - 9.87%

3. What is the current average cost of a 3 bedroom house in your neighborhood?
$154,500

4. What is the current average rent for that same house?
$1242

5. What is the current average annual property tax for a 3 bedroom house in your area?
$4500

6. What are the average current days on market?
120 days

We currently live about 30 miles out of the city of Chicago and we would be more than happy to provide you stats for any town in our area including Chicago for you. The market is still really good out here & we would love the opportunity to partner with you, Dean! It would be a dream come to for us especially since you have helped us achieve many of our dreams thru your teachings in real estate!

We sincerely look forward to hearing from you soon!

With our gratitude,

DKInvesting

Highly Motivated Investor and Area Manager with goal of 150 - 200 homes per month.

1. What city are you in?
Baltimore, MD 21216 and other zip codes

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

Now: 9.3%; 12 months ago 9.7%, job outlook positive and increasing

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

70,000 ARV

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

1100

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

1500 per year

6. What are the current days on market?
Rent to own 30 days
Sell 90 days

1. What city are you in?
Prince William County, 22191 and other zip codes

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

Now 4.7%; 12 months ago 6.27%

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

$204,000

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

1500/month

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

1500 per year

6. What are the current days on market?

30

1. Salt Lake City, UT

2. Current: 4.6%
Jan. 2012: 5.6%

3. $249,000

4. $1,419

5. $1,746

6. 37 days

Thanks, Dean & Matt!

St Louis Park Mn
Unemployment rate 5.10%
Average cost for 3 bed $211,379
Rent $ 1,100.00
Average taxes $1,526.00
Average days on Market

Or Maplewood, Mn
Unemployment rate 5.10%
Average cost 3 bed room home $187,000.00
Average rent $1,200.00
Average taxes $1,633
Average days on Market 60

The following information is based on homes that sold within the past 30 days.

1. Livonia, MI
2. Current unemployment rate now and the past 12 months is 4.3%
3. The average cost of a 3 bedroom house is $141,874K
4. The average rent is $1200/month.
5. Average taxes $2500
6. Average current days on market from listing to pending 2 weeks to 2 months

1. Livonia, MI 48152 & Redford MI South Redford Schools
2. Current 11.9/12m ago 13.5 & 12.6% / 14%
3. $109,000 & $45,000
4. $1200 & $950
5. $2,300 & $2,100
6. 55 & 70

1.What city are you in? Murfreesboro, TN

2.What is the current unemployment rate and what was it 12 months ago? 5.3% and 6.5%

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? $1,100

5.What are the average annual taxes for that property? 3 bedroom - $1,100

6.What are the current days on market? 60 - 90 days

LAFAYETTE, LOUISIANA...It's the ultimate in Cajun Culture. It's not just living --- it's a way of life.

...It's been voted the BEST FOOD TOWN IN USA.
Ummm!!!
...The MUSIC, DANCING, FESTIVALS, MUSEUMS, and
CONVENTIONS are the most diverse, exciting
and colorful in the South.
...A sport's mans paradise. FISHING, HUNTING,
WATER SPORTS, CAMPING, RODEOS, HORSE RACING
and HIKING in out vast network of bayous,
lakes, rivers, and state parks.
...Home of the University of Louisiana (ULL)
...Louisiana has captured a large percentage of the
motion picture production industry.
...It has some of the most FRIENDLY, FUN LOVING,
FAMILY ORIENTED, and GENEROUS people you will
every get to know.
...Located only 1 hour from the capital of
Baton Rouge and 1 1/2 hour from New Orleans.

This all being said.......

I have noticed that many of our towns and cities have been posting about the same stats.
Lafayette has unemployment of 4.4% in 2012(ces't bon). Better than the 5.3% in 2011. Depending on zip. Average 3 bedroom house about $175,000/212,000. Average rent is around $1150.00/1750.00. Average taxes about $1400.00. Average DOM 72 (my realtors say if priced well sometimes less than a week).

Lafayette is running about the same stats as many of the others. So how do you choose between sooooo many???

I'm thinking that the "heart of Cajun Country" may be a great reason to pick this beautiful south Louisiana city for your next area. We would love to have you visit, and stay a while.

Bon Temps (good times)
God Bless,
Christine Fontenot

1. San Antonio, TX

2. Unemployment Rate (San Antonio):
(Nov 2012) 5.9% (Dec 2011) 7.1%

3. Average List Price for 3 BD (78240):
$147,711

4. Average Rent for 3 BD (78240): $1100

5. Average Taxes for 3 BD (78240): $2946.38

6. Average Days on Market: 93

San Antonio has 2 AFB (Lackland AFB & Randolf AFB), 1 Army fort (Fort Sam Houston), & 1 Marine camp (Camp Bullis). It also has Brooks Army Medical Center. It has 3 Universities: University of Texas at San Antonio, University of Incarnate Word, and St. Mary's University. Not to mention many major employers: Chase Bank & Toyota, to name a few.

Thank you for your time.

Bellingham, Washington
1 year ago unemployment 9.1
current unemployment 6.8
average cost 3 bedroom 265,000
average rent for 3 bedroom 1300.00
average taxes for 3 bedroom 2650.00
current days on market 132

1. What city are you in?
Petersburg, Virginia

2. What is the current unemployment rate and what was it 12 months ago?
Current Rate is 5.6% and one year ago, January 2011 the rate was 6.4%

3. What’s the current average cost of 3 bedroom house in your area?
The average cost for a 3 bedroom house in my area is $134,075.

4. What’s the average rent for that same house?
The average rent is $972.80.

5. What are the average annual taxes for that property?
Average annual taxes $979.00.

6. What are the current days on market?
Current days on market is 106.43.

1. What city are you in? - Eugene, OR

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

7.8% as of December 2011. 8.5% in
a year ago

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

Average cost for a 3 bedroom Home in our neighbourhood is 175,000

4. What’s the average rent for that same
house?
$1200

5. What are the average annual taxes for
that property?
$2,300

6. What are the current days on market?
90 to 120

1. What city are you in?
Levittown, Bucks County, PA

2. What is the current unemployment rate and what was it 12 months ago?
Current 6.9%
12 months ago 6.6%

3. What’s the current average cost of 3 bedroom house in your area? $215K

4.What’s the average rent for that same house? $1,400

5. What are the average annual taxes for that property? $2,700

6. What are the current days on market? 121

I live in Newtown, PA. The area I choose is only a few miles from where I live. It is a blue collar/white collar first time home buyer community. Cookie cutter type houses, garage, carports, no basements, slab foundations, expanded capes and ranches. Many renters as well as owners, very easy commute to central Philadelphia, about 30-45 minutes. Easy access to a NJ as well. Very centrally located. Good solid community with good schools.

1. What city are you in?

Oklahoma City, OK, 73159

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

The unemployment rate in Oklahoma City is 4.50 percent it was 5.50 12 months ago.

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

The average cost of 3 bedroom house in my area is 90,000

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

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

The annual taxes is around 1,307.51

6. What are the current days on market?

Around 120 days on market

1. What city are you in?

Oklahoma City, OK, 73159

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

The unemployment rate in Oklahoma City is 4.50 percent it was 5.50 12 months ago.

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

The average cost of 3 bedroom house in my area is 90,000

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

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

The annual taxes is around 1,307.51

6. What are the current days on market?

Around 120 days on market

1. What city are you in?
Merritt Island (MI), FL 32953

2. What is the current unemployment rate and what was it 12 months ago?
9.22% and 11.09% respectively

3. What’s the current average cost of 3 bedroom house in your area?
$160K

4. What’s the average rent for that same house?
$1,250

5. What are the average annual taxes for that property?
$1,509

6. What are the current days on market?
59 (Last 2 mos)

* Have been participating in the weekly Brevard County Foreclosure Auctions and monthly on-line Tax Deed Auctions, not focusing just on the city of Merritt Island. PLENTY OF PROPERTIES.....know how to do the research required to purchase the best properties. Eventually, could reach out to Orlando properties (45 mins).

* Brevard numbers for the above questions don't vary much.

Other Info:

* Power team established
* Central Florida Real Estate Investor member
* Know property manager to handle vacation rentals (Space Coast to include Cocoa Beach, Cape Canaveral & cruise lines)
* Kennedy Space Industry building backup
* Local community college becomes a state college next month
* Poverty level in MI is 28.4% less than the FL average & 23.6% less than the national average

Please contact me for more information.

Thank you in advance for the opportunity!

Rick

1. What city are you in? -
St. Helens Or.

2. What is the current unemployment rate and
what was it 12 months ago?
8.0% as of September 2012
10.2% December 2011

3. What’s the current average cost of 3
bedroom house in your area?
$159,000.00

4. What’s the average rent for that same
house?
$1250.00

5. What are the average annual taxes for
that property?
$2148.00

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

Dean/Matt:

Hello from Chicago. Here are just a couple of the "Hot Spots":

1. City: Chicago, IL
Unemployment Rate 11/2012 @ 8.3%
11/2011 @ 9.5%
2. Chatham 60619 3 Bdrm SFH Average Cost
@ $90,000
3. Average Rent @ $1200
4. Average Taxes @ $2209
5. Average DOM @ 87

ALSO,

2. Garfield Ridge 60638 3 Bdrm SFH Average Cost
@ $147,000
3. Average Rent @ $1000
4. Average Taxes @ $3885
5. Average DOM @ 74

Dean, when I attended your "Boots on the Ground" Seminar, I left KNOWING that I would to be one of your success stories! On the way to closing my first deal at the end of the month... the Techniques are proven.

1.locations Miami,Fl(MIami-Dade County)
Hialeah,FL 33012,33014,33186,33196,33187are my areas.
2. What is the current unemployment rate and
what was it 12 months ago? Now its 8.0% 12 months ago 8.9%
3.What’s the current average cost of 3
bedroom house in your area? $130,000-$220,000
4. What’s the average rent for that same
house? $1400-$2500
5.What are the average annual taxes for
that property?$1400-$2300

I would love an opportunity to be your newest area manager. I know that someone has my current city on lock-down, but I am ready to expand, just as you are. I have recently considered my hometown of Lorain, OH as my next area of expansion. It is located on Lake Erie right between Cleveland, OH, and Sandusky, OH, home of Cedar Point (the greatest roller coaster park in the world). I think Lorain and it's neighbor, Elyria, are similar to what you found in Flint when you began investing there. There are many motivated sellers, but not many motivated buyers. Higher rent rates, lower property taxes, inexpensive houses, a recipe for cash flow success. But, it's all about the numbers so...

1. What city are you in? LORAIN, OHIO

2. What is the current unemployment rate: 9.6% and what was it 12 months ago: 10.9%

3. What’s the current average cost of 3 bedroom house in your area: $57,404

4. What’s the average rent for that same house:
$725
5. What are the average annual taxes for that property: Approximately $1,200

6. What are the current days on market: 228

It's neighbor Elyria has similar numbers to the above. There are approximately 600 houses on the market in Lorain, many with a list price in the $20-30k range. There are many more who want to sell, but know they can't...not until we get there. With my ambition and knowledge of the area, combined with your knowledge and resources, we could significantly impact that area's economy and our own. I would love continuing my education partnering with you two.

Thank you.

1. What city: Leesburg, Fl and surrounding area (we are in Central Fla. approx. 45 miles north of Orlando)

2.Current unemployment: 7.8%
12 months ago: 11.9%

3.Average sale price of 3 bedroom single family home in this area ranges from $50,000 to $135,000

4. Average rent for 3 bedroom: $850.00

5. Average taxes: $1000.00 - $1200.00

6. Days on market: 60 to 90 days

I have listed 7 cities in NC. I will commute or relocate to any of these areas(or anywhere else for that matter) to be able to work directly with you guys. I am inexperienced; but intelligent, diligent, ready to learn, and eager to do what ever you need. I look forward to working with you!
336-937-0235

1- Greensboro, NC
2- 8.3%(Oct,'12) from 9.3%(Jan, '12)- Google.com
3- $129,000- Hotpads.com(solds, not the higher avg. listing price)
4- $829 rent- Hotpads.com
5- $1,800 tax- Zillow.com on selected houses
6- 117 DOM- real estate offices and websites

1- Charlotte, NC
2- 7.5% from 8.6
3- $143,140
4- $1,050
5- $1,885
6- 173

1- Wilmington, NC
2- 7.6% from 9.2%
3- $178,000
4- $1,000
5- $1,400
6- 116

1- Raleigh, NC
2- 6.2% from 7.2%
3- $184,483
4- $1,130
5- $1,600
6- 174

1- Jamestown, NC
2- 9.3%(Sept, '12) from 10.3%(Jan, '12)-*Homefacts.com
3- $149,900
4- $868
5- $1,700
6- 134

1- Winston Salem, NC
2- 7.8% from 9.2 %
3- $126,500
4- $950
5- $1,475
6- 118

1- Kernersville, NC
2- 8.7%(Sept, '12) from 9.6%(Jan, '12)-*Homefacts.com
3- $152,500
4- $945
5- $1,800
6- 198

1. What city are you in? White Plains, NY
2. What is the current unemployment rate and what was it 12 months ago? 11/2012=8.5, 2011=8.2
3. What’s the current average cost of 3 bedroom house in your area? $325k
4. What’s the average rent for that same house? $3000
5. What are the average annual taxes for that property? $8500
6. What are the current days on market? 375

Answers:
1. LOCATION: North Suburban Chicago, Illinois

2. Unemployment rate 8.4%. 12 months ago 8.7%

3. Average 3-BR House $250K

4. Average rent $1,800

5. Annual Taxes 2011 $4K

6. Days on Market 120 days