Dean Graziosi Weekly Wisdom #217 - Seeking Investor Area Managers

1)Redding, Ca.
2)11.7/16.3
3)185,000
4)1300
5)2400
6)70

1.Northwest Arkansas--includes Fayetteville , Springdale , Bentonville, & Rogers

2.Current unemployment for NWA as of November 2012-- 4.6% November 2011-- 5.4% Down -0.8%

3.Avg. cost of 3BR, 2BA, 2-Car Garage Home under 2000 heated square feet, no acreage-- $144,500 (Avg. heated square feet 1600 in this range)

4.Avg. rent for same home-- $900

5.Avg. annual taxes --$1575

6.Current DOM--95

*Northwest Arkansas is home to Wal-Mart Home Office, Tyson Foods Head Quarters, JB Hunt Transport Services Head Quarters, over 1300 Wal-Mart Vendors, University of Arkansas, Minor League Baseball-Northwest Arkansas Naturals, Crystal Bridges Museum, and many other businesses/entertainment.

Primary cities:

Fayetteville:
Fayetteville is a city in Washington County, Arkansas, USA and home to the University of Arkansas. As of the 2010 census, the city had a total population of 73,580.[4] The city is the third most populous in Arkansas and serves as the county seat of Washington County. It's also known for ****son Street, perhaps the most prominent entertainment district in the state of Arkansas , which itself contains the Walton Arts Center. Blocks from ****son Street is the Fayetteville Historic Square, which hosts the nation's fifth-ranked Fayetteville 's Farmer's Market.[5] Fayetteville was also ranked 8th on Forbes Magazine's Top 10 Best Places in America for Business and Careers in 2007.[6]

Springdale:
Springdale is a city in Arkansas ' Washington, and Benton Counties . According to 2010 Census Bureau estimates, the population of the city was 69,797. Springdale is currently Arkansas 's fourth-largest city, behind Little Rock, Fort Smith, and Fayetteville. Springdale is the location of the headquarters of Tyson Foods Inc., the largest meat producing company in the world, and has been dubbed the "Chicken Capital of the World" by several publications. In 2008, the Wichita Wranglers of AA minor league baseball's Texas League moved to Springdale and play in Arvest Ballpark as the Northwest Arkansas Naturals.[7]

Rogers:
Rogers is a city in Benton County, Arkansas, United States . As of the 2010 census, the city is the eighth most populous in the state, with a total population of 55,964. Rogers is famous as the location of the first Wal-Mart. In June 2007, BusinessWeek Magazine ranked Rogers as 18th in the 25 best affordable suburbs in the South. In 2010, CNN money magazine ranked Rogers as 10th Best Place to Live in US. It is the home town of American country music singer/songwriter Joe Nichols, and Marty Perry, as well as David Noland, also where comedian Will Rogers married Betty Blake.[8]

Bentonville:
Bentonville is a city in Benton County, Arkansas, United States . At the 2010 census, the population was 35,301, up from 19,730 in 2000 ranking it as the state's 10th largest city. Bentonville is the county seat of Benton County. It is home to the headquarters of Wal-Mart Stores, the largest retailer in the world. Bentonville is also the home of the Crystal Bridges Museum of American Art. Funded by Sam Walton's daughter, Alice Walton and designed by world renowned architect Moshe Safdie, the museum is home to some of America 's finest works of art.[9]

Suburbs:
•Bella Vista, Arkansas
•Lowell, Arkansas
•Siloam Springs, Arkansas
•Johnson, Arkansas
•Centerton, Arkansas
•Farmington, Arkansas
•West Fork, Arkansas
•Greenland, Arkansas
•Tontitown, Arkansas
•Elkins, Arkansas

Hey there Dean and Matt,

Hope everything is well with you and your families. Instead of the ipad, a good insintive would be Matt's gold watch...hahaha. Ok...back to business.

1. Tucson, AZ.
2. Unemployment rate:7.7% Jan 2012 to 6.9% in Nov 2012.
3. Avg cost for a 3br house: 144k (Median)
4. Avg rent for a 3br house: $1,100
5. Prop taxes for same, avg. $1500
6. DOM: 52 (Dec 2012)

You guys live next to each other now??? Next thing we are going to hear is that you broke down the wall and join your houses together and your two are sharing a toothbrush...hahaha. Just kidding. I think thats great. Getting too cold up in the NE U.S huh Matt? Anyway, thank you guys for all your time and effort you put into helping us all. God bless!

Ciao,
Jayson Chiles

I Have properties ready to go now too if anyone is interested contact me. Huge returns!

1. What city are you in?

Cuyahoga County (Cities- Lakewood, westlake, bay village, oberlin) & Cleveland

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

Jan 2012 Oct 2012
Cuyahoga County 7.9% 6.2%
Lakewood 6.4% 4.9%
Westlake 6.1% 4.8%
Cleveland 10.2% 7.9%

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

Cuyahoga County $87k-106k
Lakewood $102,705
Westlake $140,740
Cleveland $67,123

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

Lakewood $881
Westlake $1188
Cleveland $1410

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

Lakewood $2132
Westlake $3229
Cleveland $972

6. What are the current days on market? (average for 2012)

Lakewood 78.5
Westlake 78.5
Cuyahoga County 95

Some more facts:

CNBC.com in 2011 named Cleveland as an up-and-coming place to live, and the Federal Reserve has recognized it as one of the fastest growing economies with substantial growth in both employment and per capita income.

28 Fortune 500 companies in OH http://money.cnn.com/magazines/fortune/fortune500/2012/states/OH.html

In Ohio, an index of pending home sales -- single-family homes and condominiums -- rose 14 percent from November 2011, according to the Ohio Association of Realtors. It was the 19th consecutive month of increase compared with the year before.

City Boca Raton Florida

Unemployment Rate is 7.1 %
Unemployment Rate 12 months ago was 10.10 %
Average 3/2 is $ 200k
Average Rent is $ 2,000
Tax $ 2,000
Average days on market is 45 days

Hey Dean even if you dont pick me you gotta check this out -I have a spot for you. VERY few rentals and no apartments. St Johns Florida, just south of Jacksonville. Higher priced homes than Jax, however the schools are top rated in the state. I am constantly hearing about the need for rental homes in the area. The rentals that are here sign for no less than one year.

Here are the six questions to answer:
1. What city are you in? St Johns Florida (North of St Augustine, South of Jacksonville, also considered Fruit Cove and Switzerland depending on how far south you are)

2. What is the current unemployment rate and what was it 12 months ago? about the same as Jax 8.5 currently at 8% previously, however most of the people here work in Jax. Need to consider new owner of Jags, new businesses coming into Cecil commerce center and the mayor of Jax initiative to bring in new business. All of this within 20 to 30 minutes of this area.
3. What’s the current average cost of 3 bedroom house in your area? $287, 090
4. What’s the average rent for that same house? $1700
5. What are the average annual taxes for that property? $3300
6. What are the current days on market? again, same as Jacksonville at 80 days

1) Asheville, N.C. 28805

2) Unemployment Rate-7.1% as of 11/2012-8.0% as of 11/2011. 2nd lowest of 14 NC metro's.

3) Average cost of 3 bdrm/2 bath-$213,470

4) Average rent for 3 bdrm/2 bath-$1,175 per mo.

5) Annual taxes-$2,426

6) Days on Market
Below 225K-4-5 months
Above 225K-6 months
Above 300K-6-7 months
Above 400K 9-10 months

Make the mountains of beautiful western NC your next investment area & you will have the most awesome property manager ever!I will find you properties day & night!

1.What city are you in ? Lawrenceville ,Ga
2.What is the current unemployment rate ? And what was it 12 months ago ? 8.20% and 12 months ago 8.70%.
3.What's the current average cost of a 3 bedroom house in my area ? 109,000 to 150,000.
4.What's the average rent for that same house ? 800.00 to 1,100 .
5.Whats the the average annual taxes for that property ? 1,200 .
6.What are the current days on the market ? 145 days .

1:CITY: Orange CA:Unemployment:Rate:6.6% Was:7.2%
2:Average Cost: of 3BR: $400,000
3:Average Rent: $2000
4:Average Taxes: 1.25% of purchase= $3,200
5:Current Days on Market:30

Hi Dean,
Thanks for what sounds like a great opportunity.
I'm in the Cincinnati, OH area and would love to share additional details with you if you have questions after seeing the Cincy data.

1. What city are you in?
Cincinnati, OH
Data focus is the western half of Cincinnati, but I have easy access to the entire tri-state area.

2. What is the current unemployment rate and what was it 12 months ago?
Nov/2012 Preliminary is 6.3%
Jan/2012 was 8.5% & Jan/2011 was 9.7%
Source - US Dept of Labor, Bureau of Labor Statistics

3. What’s the current average cost of 3 bedroom house in your area?
$55,000 - 2012 average sale price
Source - County website sales data

4. What’s the average rent for that same house?
$800/month ave, $700-$1000 sample range
Source - Currently available For Rent listings

5. What are the average annual taxes for that property?
$1,480/yr
Note that Hamilton County where Cincinnati is located, tracks Market Value and then uses 35% of the market value to establish the taxable value. When properties are purchased below their current county market value, you can petition the county to use that purchase price as the new market value thereby reducing the property taxes compared to a properties current level.
Source - County web site.

6. What are the current days on market?
95 days is the average
Source - realestate.com

Cincinnati has a lot of potential as you can see by the data points you've asked for.

Hope to hear from you soon.

Regards, Brett

My City=Santa Maria,CA93454&93455
Unemployment=8.2%,12 months before was 11.2%
3Bed,2Bath house=$2,00000-3,25000
Rental Value$1600-2100
Average property tax=$2,500-4,000
Varies from house to house how long they are market,but will submit the exact days when i will be allowed to submit the house details.

1) McKinney, TX.
McKinney was voted #2 Best place to live by Money Magazine 2012. Population has grown 155.56% since 2000.
2) Unemployment 5.9%, which is down from 7.6%.
3) Average cost of a 3/2 is $129.2
4) Average rent for same type of home is $1400.00
5) Average taxes: $3200.00
6) Current DOM - 65 days.

McKinney is north of Dallas, and is a great place to live and invest.

1. lancaster pa
2. current is 6.0 was 6.7 12 months ago
3. average cost is $160,000
4. average rent $850 per month
5. average taxes are $2,875
6. average days on market 45

1.Kansas City, MO

2.Bureau Of Labor Statistics has Nov 2012 6.1%, Nov 2011 7.2%, Dec 2011 7.3%, Jan 2012 7.2% and have not released December 2012 yet, they will be released on Jan 18

3. Average Cost $112,500

4. Average Rent $1025

5. Average annual tax $1687

6. Current Days on Market for houses sold 58 days

1 - Anthem, AZ

2 - Unemployment - 6.7% as of Sept, 2012; 7.8% in Jan 2012

3 - Average 3 bedroom cost - $239,093 as of week ending 1/2/13

4 - Average rent approx - $1500

5 - Average annual property taxes approx - $2100

6 - Average DOM - 48

A Dell Webb master planned community born in 1998. Described as the "The best place to raise a family" by Parenting Magazine & "The best place to live" by AZ Magazine. 1,797 feet above sea level with easy access to Phoenix, Sedona, Flagstaff, Grand Canyon, Cave Creek and Carefree. Has 2 championship golf courses; beautiful mountain views. I would love the opportunity to work with you two.

1 Houston, Texas
2 The current unemployment rate is 6.4% down from 7.5% 12 months ago.
3 The current average cost of 3 bedroom house in the Houston Metro area is $120,000.
4 The average rent is about $1100 month.
5 The average annual taxes would be about $3,352.62 (ZIP CODE 77040).
6 Current dom 30 to 90 days

I lived in Houston all my life, and I can tell you that there has always been some kind of construction going on. Houston is on its way back. With that said a 3 bedroom house in the Houston Metro area can range from as low as $65,000 to $325,00 and the rent can range from as low as $675. to $3,500. per month. The same holds true for the property taxes they can range from $1,500 to $3,500 and up. This month there are 134 pre-foreclosures and 809 foreclosures in the Houston Metro area, as you can see we do a good market to work with, but you can also see the number of pre-foreclosures is a lot lower than the number of foreclosures.

1. Livonia MI 48150

2. 4.3% Same 12 months

3. 115,000.00

4. $1,200.00

5. $1,996.00

6. 52

1. Redford MI 48239

2. 5.3% same 12 months

3. $60,000.00

4. $975.00

5. $1,358.00

6. 48

1.)What city are you in: Salem, Oregon

2.) Unemployment Rate
Nov 2012 Oct 2012 Nov 2011
Oregon 8.4% 8.6% 9.1%

3.)What’s the current average cost of 3 bedroom house in your area: $166,000

4.)What’s the average rent for that same house?
$950

5.)What are the average annual taxes for that property? $2,349

6.)55 days

1. What city it's in? Seabrook, NH
2. Current unemployment rate: 6.6% down .83%
3. Average cost of 3 BR home, $324k
4. Average rentals $1195
5. Average taxes are $14.51/1000 as of 2012
6. Average day on market are 120 days.

Seabrook, NH is a sprawled out town bordering the Atlantic ocean. The numbers I gave you above are generally for the areas away from the beach areas. There are homes in this town that range from $20,000 to $2.75million depending on how close they are to the beaches. Beach rental properties can range anywhere from $1000/week to $3500/week during the summer seasons. There are also winter rentals and yearly rentals on the beaches that range from $1700/month to $3500/month. I believe that Seabrook, NH is the way to go Dean and Matt. Give me a call!! I'm looking forward to being a part of your team!

Here are the six questions to answer:
1. Fort Worth
2. 7.8
3. 85,000
4. 800
5. 6000
6. 45

1. What city are you in?pinellas park fl
2. What is the current unemployment rate and what was it 12 months ago? 7.9% -9.6%
3. What’s the current average cost of 3 bedroom house in your area? from 65k to 100k
4. What’s the average rent for that same house?from $850.00 to $1200.00
5. What are the average annual taxes for that property? $766.00 up to 2600.00
6. What are the current days on market? 60 to 90 days.

for phila,pa unemployment rate for zip code
19116 is as of jan-2012 is 4.93%, down by 1% from jan-2011

average cost of 3br-2-1/2 bath house for zip code
19116 = $180,000 to $210,000 for row or twin

average rent is $1050 to $1300 for row or twin
I live next to a 3br-2-1/2 bath rental row

their rent is $1300
average annual tax is $3,000, for zip code 19116

days on market varies from 90 days to 120 days
or longer, depending on the street and area

this zip code for phila, pa, varies with houses
that are row and twin and single

outside this area sells more in the outskirts
plenty of houses for sale and rent in various other zip codes in a 10 mile radious

1. City:
Columbus, Ohio
2. Current unemployment rate and 12 months ago:
5.8% (Nov '12) vs 7.1 (Dec '11)
3. Average cost of 3 bedroom house in your area:
$123k
4. Average rent for that same house:
$907
5. Average annual taxes for that property:
$2791
6. Current average days on market:
Median average 106 days

Home is Montgomery AL

The unemployment rete was 7.8 Nov 2012 Dec 2012 is 6.9
The average sale price of 3bedroom 2 bath is $96200.
The average rent is $1400

The average yearly taxes are $550 on investments

The average DOM are 117.

1.) Lexington, KY
2.)Unemployment Now- 6.1%
Unemployment Jan. 2012- 7.8%

3.) Average Cost for 3BR- $149,950
4.) Average Rent- $1025
5.) Average Annual Taxes- $1,483
6.) Current Days on Market- 40 (seemed low to me but confirmed by three very successful real estate investors/agents).

Lexington is a wonderful college town with great cultural activities.

Here are the six questions to answer:
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?
Dean and Matt-

Utah- I have been in this business successfully including the down sides, of our every changing economy since 1976 as builder – developer- Broker and Investor.

So basic in Utah are the following, does not include saturation, absorption, cap rates and velocity rates and/or ratios, and/or building permits. Big turn up in multifamily with younger and older populations turning to the rent not buy.

Why hedge funds and others are packaging the new securitization of rental agreements as a portfolio in the arbitrage of interest rate wars over banks. Carry interest is still taxed at capital gain rates…for now.
*websites are for your students to prosper and learn from.

God bless you and yours always.
Thanks Mike Cooper at mike@cooperinvest.com

1. Salt Lake City Utah and all cities within 84,904 total square miles of Utah

2. Bureau of Labor Statistics http://www.bls.gov/bls/unemployment.htm
http://data.bls.gov/pdq/SurveyOutputServlet current 5.1 yr ago 5.9

3. $225,000 in 84121 zip code
http://www.city-data.com/city/Utah.html
http://www.neighborhoodscout.com/ut/ http://www.neighborhoodscout.com/ut/#data
apperception rates http://www.neighborhoodscout.com/ut/rates/

4. $ 1,800 1,300 http://average-rent.findthedata.org/d/a/Utah
5. $1445.00 approx taxes. http://maps.slco.org/website/assessor/public_parcelviewer/viewer.htm
6. DOM - Averages Winter 45-90 spring forecast 15-45 summer if priced just below true market value

1. New Britain to East Hartford, CT

2. Jan 2012 rate of 11.8, Dec 2012 rate of 8.9 unemployment.

3. Single fam 3/1 avg cost 100k. Foreclosures going for 50k. 06051 Zip.

4. Average rent is $1,000.

5. Average annual taxes are $3,500. Present mil rate is 36.3.

6. DOM ranges from 25 to 157 days, with the average being around 100 days.

Included in our area of influence is Manchester and Hartford, as well as Southington. We are highlighting New Britain just for this survey. Good luck in your search, and thanks a ton for all the enthusiasm and energy. Please keep it coming.

Rick and Staci Chenail
286 Middletown Road, Colchester, CT (for the mini-Ipad)

Dallas, TX

1. Current unemployment rate 6.2% down from a year ago of 7.2%

2. Avg. cost of 3br home 135k

3. Avg. rent $1,250

4. Avg. taxes $2,500

5. Avg. days on market 93 days

TX is a little bit bigger Dean so I picked North Richland Hills a suburb of Fort Worth

1. unemployment 5.6% down from a year ago of 7%

2. Avg. cost of 3/2 home 190K

3. Avg. rent 1,255

4. Avg. taxes 3k

5. Days on market 74 days

Dean I go to the tax auctions in Dallas and can find you many sweet deals. God Bless.

1. What city are you in? baltamore city 21230

2. What is the current unemployment rate and what was it 12 months ago 2012:10.2% 2011:10.5%

3. What’s the current average cost of 3 bedroom house in your area? 104,408

4. What’s the average rent for that same house?
1,100
5. What are the average annual taxes for that property 2,000
6. What are the current days on market? 220

1. Albuquerque, New Mexico

2. The current unemployment rate 6.4 and 12 months ago was 7.0

3. The current average cost of 3 bedroom houses in the following zip codes (87112), (87111), (87121), (87107),(87108), and in these area for mid range for 2011= $160.000, and 2012= $165.000. Average Sale Price in 2011= $194,830.00 2012= $204.653.00 5.04% change from previous year.

4. The average rent for that same house ($1100 – 1300), a month for the high and ($900-600) lows.

5. The average annual taxes for the property in above area are in the range of $1815.14 - 1607.54, on the net taxable value.

6. The current days on market for (DET) homes starting from Oct 2012=68, Nov 2012=66, Dec 2011=87, Nov 2011=87, Dec 2011=87. (ATT), homes in Oct 2012=57, Nov 2012= 67, Oct 2011=85, Nov 2011=62, and Dec 2011=105.