Dean Graziosi Weekly Wisdom #217 - Seeking Investor Area Managers

1. City: Jacksonville, FL 32210
2. Unemployment Rate
Current: 7.6%
Year Ago: 9.1%
3. Average Cost of a 3 bedroom: 75,000
4. Average Rent: 900
5. Average Taxes: 1500
6. Average Days on Market: 83

Jacksonville being a military populated area is a great place for rental properties. Looking forward to working with the two of you.

Here are the six questions to answer:
1. What city are you in? Louisville, KY
2. What is the current unemployment rate and what was it 12 months ago?
Current 8.2% and last year it was 9.7
3. What’s the current average cost of 3 bedroom house in your area?
Avg. cost is 99,000
4. What’s the average rent for that same house?
Avg rent is $950
5. What are the average annual taxes for that property?
Avg taxes are in the city is 1200-1600 yr
6. What are the current days on market?
current DOM is 180

Hi Dean,
I live in a small town Berlin,WI and looking to expand into the next larger town. Oshkosh and the Fox Valley (Neenah, Menasha, Appleton)
1. Nov 2011 6.5% Nov 2012 5.5% unemployment rate
2. Oshkosh average 3 bed house price. Average price for sale $102,000
3. average rent: $850-$900 I have a newly remodeled 3 bedroom 2.5 bath house in Oshkosh renting for 850 without garage
4. annual tax average: $2400
5. average days on market: 115 days

Berlin Oshkosh Fox Valley WI

1. What city are you?
West Palm Beach Florida

2. What is the current unemployment rate and what was the rate for the past 12 months?
Current 10.2%
2011 12.9%

3. What is the current average cost of 3 bedrooms house in your area?
$ 218,000

4 What is the current average rent for that same house?
$ 1,500

5.What is the average annual taxes for that property?
$3,435

6. What is he current date on market?
60 days

1. city = Calhoun Ga 30701

2. current unemployment rate 10.87%
one year ago 11.71%

3. average cost 3/1 $60,000

4. average rent 3/1 = $800

5. average taxes = 950.00

6. average DOM 90

1. Columbia Missouri.
2. Current unemployment rate 4%.
1 year ago it was 4.3%.
3. 3 BDR Home Average Rent $850
4. 3 BDR Home Current average cost $134,900.
5. Average Annual Taxes $1,279.15.
6. Average DOM 63 days - improved from 111 DOM in 2011.

Remarks from 2 local realtors: As a general rule, it is 90-120 days, but I have rarely had a listing go for more than 30 days. If it is priced right, it will sell.
Sales forecast for 2013 is solid and steady! Still a great time to buy. Look for a stronger sellers market throughout the season

1 Unemployment rate: 4%! Really!
2. Average cost of 3 bedroom house--$172,000 (Median cost: $150.00)
3. Average rent of 3 bedroom house--$1,000.00/mo
4.Average taxes: $1800.00
5. Current Days on Market: 111 days

This small city, 106,000 people, is home to the University of Missouri (MIZZOU). It has been listed several times in the top 20 places to retire in the US. We have lots going on: True/False Film Festival (documentaries), Citizen Jane Film Festival (films produced by women), Roots 'n Blues 'n Barbecue Festival, University of Mo Concert Series, Hot Summer Nights Concert Series, Jazz Concert Series. We have music, sports, healthcare, libraries, education, & wonderful park system, including the Katy Trail. We have a good employment base: healthcare, education and insurance companies. We are a regional healthcare center. We have more hospital beds per capita than anywhere in the world, except Rochester, MN. We have 40,000 college students who rent every year on 12 month leases. The median income here is $64,000. And, a traffic jam means it takes 18 minutes to get home instead of 13...

Hampton Roads, VA

Unemployment rate: Nov 2012-6% Oct 2011-6.7%

Average cost of a 3 bedroom home: $152,200

Average rent: $1130

Taxes: $1893 Per Annum

DOM: 94

Note: I have just started to look at this market very closely. This area has a very strong rental base with Army, Airforce, Navy, Marine Corps, Coast Guard, and DOD locations all nearby. Please note, I have a connection with a husband and wife team who can secure foreclosure properties the day they go on the market and they have generated some amazing deals. They need BUYERS.

Dean and Matt, I look forward to working with you!

Regards,

Katarina Berger

Bronx, New York City

Avg.Unemployment Rate-Current (11.8%),2011 (12.5%),NYC 2012 (8.7)2011 (8.9)

Avg.cost of 3 bedroom house-$350,000

Avg.rent-$1750

Avg.annual taxes-$3000

Current day on market-216

Hampton Roads, VA

Unemployment rate: Nov 2012-6% Oct 2011-6.7%

Average cost of a 3 bedroom home: $152,200

Average rent: $1130

Taxes: $1893 Per Annum

DOM: 94

Note: I have just started to look at this market very closely. This area has a very strong rental base with Army, Airforce, Navy, Marine Corps, Coast Guard, and DOD locations all nearby. Please note, I have a connection with a husband and wife team who can secure foreclosure properties the day they go on the market and they have generated some amazing deals. They need BUYERS.

Dean and Matt, I look forward to working with you!

Regards,

Katarina Berger

1. Oregon City, OR
2. 12/12 8.4 % down from 9 % 12/2011
3. Ave 3 bedroom $239,900
4. Ave Rent $1,365-1,650
5. Ave Property Tax $3,585
6. Ave days on Market 153 days

1. I am in Raleigh, NC

2. Current unemployment rate is 7.3%
Rate for last 12 months was 8.6%

3. Current average cost for 3 bedroom house in Raleigh= $190,600. Raleigh has several different sections and the pricing is extremely different between them....townhomes to mansions, blue collar to top level execs., older homes and new ones, good areas to lower income areas...very diverse. The area is home to much healthcare, BC/BS, top hospitals including Duke 1/2 hour away as well as several colleges and our Research Triangle Park for many diversified corporations like Glaxo Smith Kline. Downtown is revitalizing with many new businesses, retail, restaurants and condo dwellers interested. Our airport is centrally located and has undergone major expansion to accomodate the increased traffic.
My county, Wake, serves as bedroom communities for Raleigh with various types of neighborhoods and different pricing for each.

4.Average rents are from $1100 to 1300 for 3/2 SFH..some less, some more.

5. Average taxes on SFH of same 3/2 $1642

6. Average DOM for December sales was 162 days.

Love to work with you and learn from one of the best!! Thanks for the chance:)

1. What city do you live in?
San Antonio TX

2. What is the unemployment rate now and 12 months prior?

Unemployment rate: The most accurate that I could find that is closest to our date.

Nov 2011 rate 6.9% and Nov 2012 5.6%

http://www.ajc.com/ap/ap/labor/unemployment-rates-for-southern-us-cities...

3. What is the average cost of a 3 bedroom home?
$250,000

4. What is the average rent of a 3 bedroom home?
$1500.00

5. What are the average annual taxes of a 3 bedroom home?

$3000.00

6. How many days on the market?

90-130 days on the market

1. Marysville, Washington
2. Current unemployment is 7.8%
December, 2011 unemployment was 8.6%
3. Average cost of 3 bdrm. $180,000
4. Average rent of 3 bdrm. $1200
5. Average annunal taxes $2000
6. Current average days on market is 66

The area is recovering steadily from the economic down-turn. Boeing continues to increase its production which will decrease the unemployment rate further. Single family homes are abundant in many cities surrounding Everett, where Boeing is located.

Limited internet access no flash player to view blogs.
Guessing on the answers due lack of time.
Also hard to read these stupid spam blockers. Typing with a cell phone can't see what I am typing.

1 St. Louis, Missouri

2 Unemployment rate was 8.9, now 7.8

3 130k. Now 85k

4 1600 Rent

5 1800 Taxes

6 D.O.M 30 to 60

Interested in more info.

Thanks

Ron Fach

1- Ogden, Ut
2- 5.4%, 6.1%
3- $127,000
4- $850
5- $1141.02
6- 93 (per Movoto website)

Thanks for this opportunity!!!
-Dana Call

1. What city are you in?
Chamberlayne, Richmond VA 23227.

2. What is the current unemployment rate and what was it 12 months ago?
Current unemployment rate for January 2013 is 8.6% down from 9.8% in December2011.

3. What’s the current average cost of 3 bedroom house in your area?
Average cost of a 3 bedroom house currently on the market (x65/13715) is $211k.
Median cost of a 3 bedroom house is $193k ranging from $70k to $ 456k.
Average foreclosure price of a 3 bedroom house is $155,577.

4. What’s the average rent for that same house?
Average rent of a 3 bedroom house is $13230/13 =$1017.

5. What are the average annual taxes for that property?
Average annual taxes are $4,326.

6. What are the current days on market?
Average days on market 85 days, down over 30% from a year ago.

Dean, I am a new student (12.22.12) but to use a good old Aussie expression : I'll bet the farm that this is just what you're looking for!! This is an almost exclusive rental market - great news!!

1. Boston,Ma
2. unemployment rate 6.6% for both '11 and '12
3. average cost 3BR $435,000
4. average rent 3BR $3000.00
5. average annual tax cost $5672.00
6. average days on the market 108

I am an experienced real estate investor and I am motivated to make you and me money.

Current unemployment rate is 7.2
12 months ago it was 9.9
Average cost 3 bedroom $197,000
Average rent $2,137
Average property taxes $4500.00
Average rent $1850.00
Days on market 120-140

1. Clovis , California

2. Unemployment Rate
OCT 2011 OCT 2012
8.5% 7.4%

3. Listing Price Sold Price
(worth) $186,000
$240,974

4. Avg. Rent
$1300.00/month

5. Annual Taxes
$2,030.14

6. 43 DOM
Significantly lower than the national average

1. Edison, NJ
2. 8.7 in 2012, 8.4 in 2011
3. $240k - $280k
4. Rent $2000/mo
5. $6000
6. 110 DOM

1) Live in Scottsdale, Az

2)Current Unemployment in Scottsdale 5.4% 1yr ago 6.9%

3)Avg SFR sales price last 120 days $386,480
There were 672 closed sales with a low sales price of $100,000 and a high sales price of $2,200,000

4)Avg SFR rent for a 3 bedroom in the last 120 days was $2,057/mo.
There were 301 leased with a low of $995 and a high of $8,000/mo.

5) Avg tax $2,204 for avg sale.

6) Average DOM is 69 days

Scottsdale is the second most pricey city in Az next to Paradise Valley.

If anyone needs more detailed charts and graphs of any or all of the Phoenix area stats let me know. Cities are Anthem, Avondale, Buckeye, Carefree, Cave Creek, Fountain Hills, Gilbert, Glendale, Goodyear, Laveen, Mesa, Paradise Valley, Peoria, Phoenix, Queen Creek, Scottsdale, Sun City, Sun Lakes, Surprise, Tempe, Tolleson, Waddell, and Wickenburg.

30 yr RE Broker 38 yr Investor.

1. Tucker, GA 30084
2. Current unemployment rate as of November 2012 is 8.5%, while in November 2011 it was 9.5%
3. The current average cost of a 3 bedroom house in 30084 is $160,500
4. The average rent is $1,350
5. The average annual taxes is $2,950
6. The DOM is 120.

1.Wilmington NC, Virginia Beach, Suffolk VA, Norfolk VA

2.Unemployment rates: Wilmington 8.1 was 9.2
Virginia Beach 5.4 was 6.0
Suffolk 6.6 was 6.4
Norfolk 7.6 was 8.4

3. Average cost of a (cash flow) three Br home:
Wilmington $149k
Virginia Beach $200k
Suffolk $169k
Norfolk $180k

4.Average Rental Price for these homes:
Wilmington $1000
Virginia Beach $1600
Suffolk $1200
Norfolk $1300

5.Average property tax:
Wilmington $1050
Virginia beach $1800
Suffolk $ 1200
Norfolk $ 1350

6.Average days on market:
Wilmington 75 days
Virginia Beach 113
Suffolk 100
Norfolk 78

Hi Dean and Matt!!! You guys are as always making power moves! My name is Josh and I am still learning so I am still a DG student. I own a property investment company and a residential redevelopment company. We started in Wilm NC and have recently expanded into VB, Suffolk and Norfolk. The market is on fire here! I have renovation teams on the ground doing rehabs in VB and strongly in Wilm. We can get any property flip or rental ready in no time flat! I would love to be a part of the team! Failure is not an option! Dean, the day I bought your book "Profit from real estate now" is the day my life changed! Before I got three chapters in I had my signs out. Cashed my first $4,500 check 33 days after I bought the book. I have been loving life ever since! If you want a go getter who's passion is real estate. Let's do it!

Respectfully

Answer to six questions for Area Manager
1. Scottsdale, AZ
2. Current unemployment rate (as of Nov 2012) 6.5% in Dec 2011 it was 7.9%
3. Avg Cost of 3/br house = $123,000
4. Avg Rent = $900
5. Avg Annual Taxes = $780/2012
6. Current DOM - 29
-------------------
1. Gilbert, AZ
2. Unemployment rate is 7.50% was 8.60% (-0.12)
3. Avg Cost of 3/br house - $136,960 - $155,000
4. Avg Rent- $995
5. Avg Annual Taxes = $963/2012
6. Current DOM = 15-40

1.Windsor, Maryland

2.Current unemployment rate Windsor Mill 21244 is 6.90 percent, growth is Positive. is up 0.2% from the same time a year ago. Use data from BLS

3.Average Cost 3 bedroom 2.5 bath homes $150,000

4.Average Rent $1,650.00

5.Average Taxes $2,000

6.Average Days on Market 45 Days

1.Windsor, Maryland

2.Current unemployment rate Windsor Mill 21244 is 6.90 percent, growth is Positive. is up 0.2% from the same time a year ago. Use data from BLS

3.Average Cost 3 bedroom 2.5 bath homes $150,000

4.Average Rent $1,650.00

5.Average Taxes $2,000

6.Average Days on Market 45 Days

CORVALLIS, OREGON 97330

CURRENT UNEMPLOYMENT RATE IS 5.5
12 MONTHS AGO RATE WAS 6.4
AVERAGE COST 3/2 IS $225300
AVERAGE RENT 3/2 IS $1295/MOS
AVERAGE TAX CORVALLIS 3/2 IS $3200/YR
AVERAGE DAYS ON MARKET 92

HOME OF THE BEAVERS! OSU

Towson, MD.

Unemployment Rate: 10/2012 - 6.9%
10/2011 - 7.1%

Avg. Cost, 3 BR - $371,400 (11 listings)

Avg. Rent, 3 BR - $2,000 (7 listings)

Avg. Tax - $3,247

Avg. Days on Market - 83.7

1. What city are you in?
Mt. Airy, MD
2. What is the current unemployment rate and what was it 12 months ago?
Currently 5.3%.
12 months ago 6.1%.
Averaged from multiple sites.
3. What’s the current average cost of 3 bedroom house in your area?
$380,000.
http://www.city-data.com/city/Mount-Airy-Maryland.html
4. What’s the average rent for that same house?
$1,750 per month.
Averaged from multiple sites.
5. What are the average annual taxes for that property?
$3,271.
Averaged from multiple sites.
6. What are the current days on market?
169 days.
http://www.realtor.com/propertyrecord-search/Mount-Airy_MD?source=web

Additional information: Located near Baltimore, Fredrick, Columbia, Rockville, DC and N. VA.

L.