Dean Graziosi Weekly Wisdom #217 - Seeking Investor Area Managers

1. Jacksonville, Florida

2. 01/13 8.6, 01/12 9.6

3. $116,507.

4. $900.- $1400.

5. $1200./ $1400.

6. 90 DAYS

Here are the six questions to answer:

1. What city are you in?
--Anchorage, Alaska

2. What is the current unemployment rate and what was it 12 months ago?
--as of Nov 2012: 5.5%
--as of Nov 2011: 6.1%

3. What’s the current average cost of 3 bedroom house in your area?
--$328k to $487k (different info sources)

4. What’s the average rent for that same house?
--$1,350 to $2,200 (range of sources)

5. What are the average annual taxes for that property?
--$4,720 to $7,350

6. What are the current days on market?
--43 days (may be much longer in winter!)

1. Daly City, CA
2. unemployment rate: 7.9% (9/2012) down from 9.8% (9/2011)
3. 3BR house cost: $500,000
4. rent: $3000/month
5. annual property tax: $4000
6. days on market: 100 days

1 Waianae hawaii leewardcoast 96792
296792 5.70 % up from last year 0.93 %
3geusstimation 280,000
4 1,500
5 1,200
6 40 days on trullia

1. Kenosha, Wisconsin

2. Unemployment Rate: 2012-8.2% 2011-9.1%

3. Cost of 3/bed: $139,000

4. Rent: $950

5. Annuel Taxes: $3,000

6. Current Days on Market: 90 days

Lakewood, Washington

Since 2005 the unemployment rate in Lakewood, Washington has ranged from 4.8% in October 2006 to 11.7% in February 2010. The current unemployment rate for Lakewood is 9.1% in September 2012.

Description provided by Trulia
This Single-Family Home is located at 10433 Rowland Avenue SW, Lakewood WA. 10433 Rowland Ave SW is in the 98499 ZIP code in Lakewood, WA. The average listing price for ZIP code 98499 is $305,151. 10433 Rowland Ave SW has 3 beds, 1 ½ bath, and approximately 2,034 square feet
Listing Info for 10433 Rowland Ave SW
Most recent information provided by johnlscott.com:

Market Trends for Lakewood

1 photo
63 SW Westshore Dr SW 
Lakewood, Washington  98498
$995
Beds
3
Baths
1
Check Availability

Call: 877-973-3346 or

9101 Lake Steilacoom Pt Rd SW Lakewood, WA 98498
$350,000
Price
4
Beds
2.25
Baths
2,305 Sq. Ft.
$152 / Sq. Ft.
Built: 1956 Lot Size: 9,100 Sq. Ft. Cumulative: 42 days On Redfin: 42 days
Status:
Active

1 of 1

What an opportunity for your dream lake front home! 70' of no bank waterfront on Steilacoom Lk. This home has an extensive remodel from the exterior studs. Reframed inside w/ all new plumbing, electrical, new furnaces, windows & roof. This home needs to be finished - plans are on site & permits are open. Plans are for a true chefs kitchen, windows & glass sliders all along the back of home to maximize the lake views, 2 master bedrooms & more. Finish to your specs! Must see to appreciate.

Property Type
Residential
Community
Lake Steilacoom
MLS#
427644

Style
1 Story
County

Source
NWMLS
Listing provided courtesy of
Douglas Arbogast,
John L. Scott Tacoma North
Last checked: 
1 hour ago  |  
Last updated: 
1 month ago

Property Details for 9101 Lake Steilacoom Pt Rd SW, Lakewood, WA 98498
Details provided by NWMLS and may not match the public record. .
Interior Features
Bedroom Information
# of Bedrooms (Main): 4
Master Bedroom on Main Level
Bathroom Information
# of Baths (Full): 1
# of Baths (3/4): 1
# of Baths (1/2): 1
# of Main Baths (Full): 1
# of Main Baths (3/4): 1
# of Main Baths (1/2): 1
Room Information
Kitchen with Eating Space on Main Level
Dining Room on Main Level
Living Room on Main Level
Utility Room on Main Level
Interior Features
Second Master, Double Pane/Storm Windows
Fireplace Information
# of Fireplaces: 1
Heating & Cooling
Forced Air Heat
Property / Lot Details
Property Features
Cable Television, Dock, Partially Fenced, Natural Gas Available, RV Parking
Lot Information
Lot Is On Paved Street
Zoning Jurisdiction: City
Property Information
Sq. Ft. (Finished): 2,305
Entry on Main Level
Tax ID #: 4095000180
Parking / Garage, Exterior Features, Multi-Unit Information & School / Neighborhood
Parking Information
# of Covered Spaces: 2
Attached Garage, Off-Street Parking
Building Information
Building Condition: Under Construction
Built On Site
Wood Exterior
Poured Concrete Foundation
Composition Roof
Community Information
Private Beach Access
School Information
School District: Lakewood
Utilities, Financing & Location Details
Utility Information
Energy Source: Natural Gas
Public Water Source
Sewer Connected
Financial Information
Cash Out, Rehab Loan
Annual Taxes: $5,429
Tax Year: 2012
No Senior Exemption
Location Information
Map Book: Thomas Guide
Lakewood
Driving Directions: Lk Steilacoom Blvd to Lk Steilacoom Pt Rd. South to home on the left.

Property History for 9101 Lake Steilacoom Pt Rd SW
Records
For completeness, Redfin often displays two records for one sale: the MLS record and the public record.

Date
Event
Price
Appreciation
Source
Nov 30, 2012
Listed (Active)
$350,000
—
NWMLS #427644
Nov 30, 2011

$270,298
—
NWMLS #265135
Sep 19, 2011

—
—
NWMLS #265135
Sep 08, 2011

*
—
NWMLS #265135
Aug 19, 2011

*
—
NWMLS #265135
Jun 09, 2011
Sold (Public Records)
This home was
foreclosed
Foreclosure
and
bank-owned.
REO (Real Estate Owned Home)
$420,000
 
—
Public Records
Feb 01, 2011
Delisted (Cancelled)
—
—
NWMLS #29110002
Dec 21, 2010
Price Changed
*
—
NWMLS #29110002
Mar 22, 2010
Price Changed
*
—
NWMLS #29110002
Mar 09, 2010
Price Changed
*
—
NWMLS #29110002
Dec 15, 2009
Price Changed
*
—
NWMLS #29110002
Jul 31, 2009
Listed (Active)
*
—
NWMLS #29110002
Oct 22, 2007
Delisted
—
—
NWMLS #27103901
Jul 26, 2007
Price Changed
*
—
NWMLS #27103901
Jun 10, 2007
Listed
*
—
NWMLS #27103901
Jun 27, 2006
Sold (Public Records)
$542,500
8.5%/yr
Public Records
Dec 06, 1988
Sold (Public Records)
$130,000
—
Public Records
* Price is not available or MLS listing is off market.
Pricing Estimates
Home Price Tool
Compare this home to nearby recent sales and see what it's really worth.
Est.
$260,412Low
$412,602High
Est.
$307,575Low
$416,130High

Public Records for 9101 Lake Steilacoom Pt Rd SW
Public records are from and may not match the MLS record. .
Basic Info
Beds
3
Style
Single Family Residential
Baths
1.75
Finished Sq. Ft.
2,305
Floors
1
Unfinished Sq. Ft.
0
Year Built
1956
Total Sq. Ft.
2,305
Year Renovated
1970
Lot Size
9,100

County

APN
4095000180
Last Updated
Oct 17, 2012
Taxable Value
Land
$176,000
Additions
$166,300
Total
$342,300
Taxes (2012)
$5,402

Neighborhood Info
Median House Values

Location
List Price
$ / Sq. Ft.
Sale / List

—
—
—

$247,500
$125
99.6%

$229,000
$123
97.7%

$219,000
$123
97.3%

$252,915
$128
98.2%

1. I live in Frazer, PA
2. Current Unemployment is 6.71%, up from 6.31% 12 months ago.
3. Avg. cost of a 3BR home is $367,000.
4. Avg. rent is $1,944
5. Avg. taxes: range from $3,800 to $5,500.
6. Avg. days on market: 86 days.

I believe that I would be ideally suited to be your investor area manager as I used to live in Philadelphia, PA and moved to Malvern, PA (same zip code as Frazer, PA) and got a ton of information on short notice from a real estate agent based in this area. I would love to be able to transition to real estate investing full time from my current job.

Kent, Washington

1. Unemployment 2012 7.5% 2011 9.3%

2. Avg cost of 3 bd $230,500

3. Avg rent $1550

4. Avg tax $2850

5. DOM 60

Dean, Thank you for giving us a chance to do business with you and Matt.

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.Myrtle Beach, SC USA
2.8.7/14.8
3.$120,000
4.$1100.00
5.$900,00
6.180+

1 lawrence ks 66044

2 unemployment now 5.1% 12 month ago 7%

3 3 plus 2 start 140000.00

4 rent start 800.00

5 taxes 1900.00

6 days on market 118

we have the university of kansas here as well.

1. Odessa TX
2. Current unemployment rate 3.6% down from 4.9% 1 year ago
3.avg cost of 3 bdrm home $159,359
4. Avg rental $2500 (only one rental avail in entire city currently)
5. Avg. Tax $1534
6. ADM 60 Days

Due to the oil boom there are not really rentals if there are they are at a premium

Shonna

Dean and Matt;
Here are the numbers in North Fort Worth, TX:
1. Fort Worth, TX 76148
2. Unemployment December 2011 was 7.4 now in November 2012 it is 6.4 and in TX 6.2
3. Average cost of a 3 bedroom house in this area $124,000.00
4. Average rents in same area $1,250.00
5. Taxes for this home $3,000.00
6. Average DOM is 124 days.

Thank you for the opportunity to learn and be part of your team.
Robert & Gail

1. Cincinnati,Ohio

2. unemployment rate: 9/2012 6.9%
9/2011 9.4%

3. average 3 bed $100,000.00

4. average rent: $1000.00

5. tax on $100,000 $1530.00

6. average DOM: 95 days

1. What city are you in? Wyckoff NJ

2. What is the current unemployment rate and what was it 12 months ago?8% and 8%

3. What’s the current average cost of 3 bedroom house in your area? $587,504

4. What’s the average rent for that same house?
$3500 per month

5. What are the average annual taxes for that property? $10,500

6. What are the current days on market? 75

Our area is on the higher end of houses. It is harder to find the deals here but when you do they are worth it. It is also close to NYC and when the market picks up it is very desirable and house appreciate well!

1. Tucson A.Z.
2. Current unemployment rate =7.7% down from 8.5%)
3. Avg. cost of three 3 bedroom home =150,000.00
4. Avg. rent=900.00
5. Avg. annual taxes =2,000.00 for the yr.
6. current days on market=52

Mary L. Schneider and Christina Kelly

Answers:

1. This house is located in Manitowoc, WI.

2 The current unemployment rate is 7.9% and was 9.6% a year ago.

3. The current average cost of a three bedroom home is $143,960.

4. The average rent for this house would be $1000.

5. The average tax for this property would be $2836.

6. This house has been on the market for 25 days.

1. Acworth, Georgia
2. Zipcode: 30102,1/11/13 7.7%, 1/2012 8.2%
3. Zipcode: 30102, MLS, $153,933
4. Zipcode: 30102, MLS avg. $1068, Craigslist $810
5. Zipcode: 30102, avg. $1818
6. Zipcode: 30102, Avg. DOM 71, Median DOM 51

1. What city are you in?
= Chelsea, MA

2. What is the current unemployment rate and what was it 12 months ago?
= 8.10% now and 11.1 in January 2012

3. What’s the current average cost of 3 bedroom house in your area?
= $300,000

4. What’s the average rent for that same house?
= $1600/month

5. What are the average annual taxes for that property?
= $3300

6. What are the current days on market?
= 79 days now, 103 days 1 month ago

Fairfield County Ct.
unemployment rate 7.5% prev. 8.6%
Average 3 bdrm $2600-3600 averaging 87 DOM
Average home value 1,117,846.00 median $477,000
Home sales DOM 146 cumulative 253
Taxes very substantially by town, based on 70% value with mill rates 18-34%.
There is substantial variation in values both for rentals and home sales from town to town in Fairfield County. I will be my pleasure to provide more specific town information upon request.

Here are answers to the six questions:
1. What city are you in?
a. Loudoun County, Virginia (Western suburb of Washington DC).
2. What is the current unemployment rate and what was it 12 months ago?
a. 2012 unemployment 3.8, 2011 unemployment 4.0%. Unemployment is relatively stable but has had a slight downward trend.
3. What’s the current average cost of 3 bedroom house in your area?
a. $393,922.00
4. What’s the average rent for that same house?
a. $1993.00/Month
5. What are the average annual taxes for that property?
a. $2995/Yr
6. What are the current days on market?
a. 67 days

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. Philadelphia,PA
2. 8.1% current January 8.2% a year ago
3. $70,000 average price
4. $700 average rent
5. $744 annual taxes
6. 60 Days on the Market

City: Kansas City, MO
Current Unemployment rate: 6.3% (November 2012)
Current average of a 3 Bedroom hoouse: $119,500.00
Current average of rent for the same home: $999.00
Current average taxes on that same property: $1800.00
Current average days on market: 155 days

1. Richmond, Va
2. As of 2012 5.4%, in 2011 5.7%
3. $136, 000
4. $850.00
5. $1,700.00
6. avg 53 days on market

1. City Orlando, Florida

2. UNEMPLOYMENT NOW 7.8% 12 MONTHS AGO 9.9%

3. AVERAGE COST 3BR: $104,000.

4. AVERAGE RENT: $850.

5. AVERAGE TAXES: $1200.

6. CURRENT DAYS ON MARKET: 200

1. Temecula, California (Beautiful Wine Country! Right in the middle between Orange County and San Diego)

2. Temecula’s October 2012 non-seasonally adjusted jobless rate was 8.2 percent, down from a year ago when the rate was 9.3 percent.

3. $180,000 (Up about 13% from a year ago)

4. $1,500 (Seems to have leveled off if not backed off just a little, apartment rents have come down a tad, may just be seasonal. Rental market is not over saturated).

5. $3,300 (Tax Rate is 1.1% of purchase price, there is a typical 7,000 exemption, and included in the property tax bill are assessments totaling about .75% of purchase price).

6. Avg DOM is somewhere between 30 and nil. Going like hot cakes right now. MLS listings typically have a status of: pending, back up offer, or contingent. Retail offers are being out bid by cash investors.

I’m in Akron, OH

Unemployment rate was 10.5 today is 5.9

The average price on the high end for a 3 BD rental is $88,000 low end areas is $38,000, however there are tons of SF homes below $30,000 some of them need some work others don’t need any.

Average rents are $600 to $900 depending on what area of Akron. North

Akron is more expensive than South Akron.

The average taxes are 1.8% of the home values

Average days on the market is about 102 days

Akron is coming back and 2013 will be great for this city. Akron is located in Summit County which is a county surrounded by oil rigs. Many people are moving into Akron and its surrounding areas because of the increase in manufacturing jobs. In addition there are two multi-million projects breaking ground in the University Park area which will turn around the University area and Downtown Akron. People are working and businesses will thrive this year in this area. Akron and its surrounding areas is a great place to raise families and the faith communities are very active as well in improving the community.
I’m qualified for this opportunity because I already have a team by my side, which is very comfortable working with investors. My realtor was the top seller in Akron with over 5 million dollars in sales. I purchased 6 rentals last year and know plenty of great deals as well.
I look forward to working with you,
Jackie

1. Conyers/Atlanta, Georgia
2. Current 8.5% | 1 Year ago 12.6%
3. 175k
4. $1100
5. $1300
6. 45-90

1 I live in the Shreveport La
2.current unemplayment rate is 6.1% 12 months ago it was 6.7% .
3.average cost of a 3 bedroom houses is 115.000 in my area
4.aveage rent for that house is 1.500
5.average taxes for that same house is 1.144
6. current days on market is 262 .

Here are the six questions to answer:
1. What city are you in?
Blue Springs, MO
I used zipcode 64015 for these numbers...64014 is another popular zipcode in Blue Sprgs.

2. What is the current unemployment rate and what was it 12 months ago?
Current Unemployment: 5.4%
12 Months Ago: 7.2%
Depending on what source you look at and how broad you look...12 month was as high as 8.6%

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

3BR house in zipcode 64015 is $128,000

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

Avg rent on 3BR house: $880-900

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

Taxes run $1800-2000/yr

6. What are the current days on market?

Current DOM is running around 140 days.

Minneapolis/St.Paul,Mn

Unemployment is 5.7%

3bd house in Minneapolis would sell for 80-150k

St.Paul would sell for 80-120k depends on the area of the Twin Cities

Rent would be 1000-1500/month

taxes are 1500-2000 yearly

Days on market are 40 days