Dean Graziosi Weekly Wisdom #217 - Seeking Investor Area Managers

1. Hampton, Virginia

2. 7.3 percent, 1 year ago 8.7 percent

3. $153,000

4. $1,215.00

5. $880.00

6. 113 days on market

1. Melbourne, FL Zip Code 32934 Brevard County 2. Current unemployment 10.8% last year 11.4% 3. Current avg cost of 3 Br SFH $218K 4. Avg rent for 3 Br. SFH $1500/Mo. 5. Avg annual taxes 3 Br. SFH $3000. 6. Avg DOM 86

I am a licenced FL Realtor since 2008 and used the MLS, Brevard County Property Appraiser website, and the Brevard County Clerk of Courts website for data. The SFH data represents sales from Nov & Dec 2011 in one of several zip codes for Melbourne. There are more areas here, and many along the East Coast of Florida, that have potential for deals. Met Matt in Vegas last October and chatted about Melbourne. Happy to help in any way I can. Thanks.

The unemployment rate in Upper Marlboro (zip 20774) is 6.50 percent.

The average price of 3 bed room in zip code 20774 is $324,158.00

The average rent for 3 bed room is $1,250.00.

The property tax rate is $16.07 per $1,000 of taxable assessed value.

The 20774 zip code market was active this week as sales climbed 22.2% to reach 33 homes sold over the last 30 days, breaking above the average sales volume for the prior 12 months.

hello family ,I was so amazed to hear of this wonderful opportunity provided by Dean and Matt.
I'm pumped up .
1)I LIVE IN MIAMI FL, AND IVE BEEN INVESTING IN DETROIT MI SUBURBS WITH GREAT SUCCESS, BUT I HAVE THE NACK OF FINDING DEALS ALL OVER THE COUNTRY

2)THE UNEMPLOYMENT RATE HAS FALLEN TO 8.9 FROM 9.2 IN THE PAST YEAR, HOWEVER IT WAS AT A PEAK OF 16.0 IN THE YEAR 2009

3)AVERAGE COST FOR 3 BED HOUSE IS $32000

4)AVERAGE TAXES FOR 3 BED HOUSE IN DETROIT IS 2400 A YEAR BEING THAT THEY HAVE A SUMMER AND A WINTER TAX IN THAT STATE

5)AVERAGE CURRENT DAYS ON THE MARKET RANGE FROM 90 TO 120 DAYS

THANKS FOR THE VISION AND STRATEGIC KNOW HOW IVE BEEN ABLE TO LEARN TRU YOUR ORGANIZATION AND WILLINGNESS TO SHARE THE KNOWLEDGE NECCESSARY TO BE SUCCESSFULL IN REAL ESTATE INVESTING.

Ricardo Ravelo
Best Offer llc.

1. Bangor, ME 04401

2. Unemployment Rates: Current 6.5% yr prior 8.5%

3. Average pricing for 3 Bdrm is $141K, I'm in the process of a flip bought for $45K and selling for $125 with $80 total invested!!!

4. Average Rent for 3 Bedroom Home is; $1250.00

5. $1500

6. Average Days on Market: 139

Let's rock and roll!!!

1. City? Scranton, PA
2. Unemployment rate? Currently 8.9% as of Oct ’12 and has been in the 9% range steadily since 2009.
3. Cost of 3 bedroom? The median listings price for 3 bedroom homes in Scranton PA for Oct 12 to Dec 12 was $101,812 based on 25 homes for sale. Compared to the same period one year ago, the median home sales price increased 48.1%, or $37,350, and the number of home sales decreased 84%. There’s about a 10k difference in median list vs. sales price.
4. Rent? $850/mo
5. Taxes? $2,086
6. DOM? 180

This is not a moving and shaking town on the rise and not a great area for what I believe you guys are trying to do. It would be interesting to us if you would document how and why you're looking at the stats that are coming in and what your thinking is.

Best, and thanks for all that you give,

David

1. CITY:
Clermont, Florida

2. UNEMPLOYMENT:
October 2012 @ 6.5% ~ January 2010 @ 10.2%

3. AVERAGE COST 3BR:
$225,000.

4. AVERAGE RENT:
$1350.

5. AVERAGE TAXES:
$2,800.

6. CURRENT DAYS ON MARKET:
120

Here are the six questions to answer:
1. What city are you in? Laurel Springs NJ 08021

2. What is the current unemployment rate and what was it 12 months ago? 7.7 now, 8.5 last year.

3. What’s the current average cost of 3 bedroom house in your area? 220.000

4. What’s the average rent for that same house? 1400.00

5. What are the average annual taxes for that property? 6500.00
6. What are the current days on market? 85 days.

1) IVE BEEN LOOKING IN DETROIT MI AND I LIVE IN MIAMI FL

)2UNEMPLOYMENT RATE IN DETROIT IS CURRENTLY 8.9 DOWN FROM 9.2 LAST YEAR AND WAY DOWN FROM 16.0 FROM 2009

3)THE AVERAGE RENTAL RATE IS 850.00 A MONTH

4)THE AVERAGE TAXES ARE 2400.00 A YEAR SINCE THEY HAVE SUMMER AND WINTER TAX

5)CURRENT DAYS ON MARKET 120 DAYS

THANKS FOR THE KNOWLEDG AND WILLINGNESS TO SHARE
RICARDO RAVELO

BEST OFFER LLC

1. Portland or.
2. 8.7 down from 9.6
3. average price in zip 97206 @ 220,000
4. average rent @ 1,295.00
5. average tax @ 2200
6. DOM @ 45

1. What city are you in?
Gowanda N.Y.
2. What is the current unemployment rate and what was it 12 months ago?
now 8.1%
ago 9.7%
3. What’s the current average cost of 3 bedroom house in your area?
70,000
4. What’s the average rent for that same house?
800
5. What are the average annual taxes for that property?
1,500
6. What are the current days on market?
100 days

1. Warwick, RI 02886
2.current unemployment for Warwick is 9.3%, 15 months ago it was 11.9%
3. The average cost of a 3 bdr sfw is $170,000, with 1300 sq ft average
4. The average rent is approx $1150 per month
5. Taxes approx 3250-3900
6. DOM is 63 days. The inventory is tightenig up in RI and being the 2nd largest city in RI, Warwick is centrally located with many amenities including the states major airport, 3 school systems and easy a cess to the highways and trains to Boston and New York. We see many people from MA move here and commute to Boston to save money.

City is Akron, Ohio zip 44306
Unemployment rate Dec 2011 7.7%
Unemployment rate Nov 2012 6.0%
Current average cost of 3 bd house $ 57,970
Current Average rent of 3 bd 750.00
Average annual taxes 1504.00
Current DOM 127 days

1. Richmond, VA -Zip Code 23231
2. Unemployment in Virginia is 5.9%
3. Current cost of a 3 bedrm is 100,000.
4. Average rent is $900 - $1100.
5. Annual tax rate is $1200 or $1.20 per $100.
6. Current days on the market is over 90 days.

Margie Lewis
804-405-2983

1. Live in: Camarillo Ca

2. What is the current unemployment rate and
what was it 12 months ago? 6% Now and 10 % Year ago.

3. What’s the current average cost of 3
bedroom house in your area? $350.000.00

4 What’s the average rent for that same house?
$2.5K – $3.5K per month

5. tax on the average is about 4k

6. current days on market : less then 30 days

1: Unemployment Rate - 8.1% as of 11/12. 9% 11/11

2: Avg Cost: 200K

3: Avg Rent: 900/mon

4: Avg Taxes: $3500

5: Avg Days on mrkt: 100

1. Iowa City, Iowa

2. Unemployment rate is 2.9%
Down from 3.6% last year

3. Average 3 bdrm. price is $188,000.

4. Average rent is $1,530.

5. Average annual taxes are $2,200.

6. Average days on market is 152 days.

Great college town that keeps growing.

1. Olathe, Kansas 66062
2. Unemployment rate in Oct 2012 = 4.9% and in Oct. 2011 = 5.9%
3. Average cost 3BR house $145,000 (1500 sq. ft.)
4. Rent for 3 BR house is $1,100
5. Annual taxes for 3BR house $1,900
6. DOM 117

1.) Dallas, TX (75241)
2.) Current unemployment rate - 7.8%
(As of Dec. 2012 down from 8.3% in Dec. 2011)
3.) Avg. Cost - $90,000 (3 bedroom house)
4.) Avg. Rent - $1000 Month
5.) Avg. Taxes - $1200/Annually
6.) Avg. DOM - 100 Days

1) Atlanta, GA- 2012 Unemployment 8% from 9.4% 12 mos earlier.

2) Average Cost 3 bedroom (ave 1500 sq ft)- $95,000.00

3) Average Rent 3 Bedroom- $995.00/mo

4)Tax, 2011- $850.00

5)Average days on market- 60-90 days

1.Hackettstown,NJ 07840
2.Unemployment 2011=7.2%, 2012=9.6%
3. Avg cost = 227,427.00
4.Avg rent = 1,700.00
5. Avg taxes = 7,144.00
6. Current days on market 135 as per Trulia.com
I'm currently one of the 9.6% so I hope you will hire me Dean!
Regards, Frank

1. Chattanooga, TN

2. Unemployment rate now: 6.4%
12 months ago: 9.2%

3. Current avg. cost of 3 bdrm:
$118,738

4. Current avg. rent for that home:
$550-700

5. Avg. annual taxes for that home:
$796

6. Current avg. days on market:
111

Chattanooga was just voted one of the South's top 5 places to live. 3 local colleges help support the rental market.

1.Area-West Chester,PA

2.Unemployment rate
Sept 2011-5.7%
Sept 2012-5.6%

3.Avg cost of 3 bedroom-$275000

4.Avg rent for 3 bedroom-$1300/month

5.Avg annual property taxes-$2100/year

6.Current DOM- Avg between 80-90days

1) Las Vegas, NV

2) 11.5% currently, 13.3% Jan 2012

3) Median price for 3 bedroom $145,000

4) $1240.00 month

5) $1000 annual

6) 129 days trending up, strong buyers market

Median age of homes in the area is around 11 years and just over 35% of the homes are rentals

 
1. Virginia Beach, Virginia 23462
 
2.Unemployment rate
January 2012 6.9%,
January 2013 6.0% over last year rate is going down.
 
3. The median list price in January for single family homes in Virginia Beach is $199,950. The list prices dropped by -4.53% from the previous month.
 
The price per square foot for listings in this area is $130.
 
The median sale price in July for single family homes is $122,500. The sale prices dropped by -0.84% from the previous month.
 
The price per square foot for sales in this area is $120.
 
Median Listing Price $162,560 
 
4. Average rent for the 3 bed /2 bath house $1,100 to 1,300.@ month
 
5. Tax Rates. based upon 100.00 value
General--​$0.95
​Sandbrige SSD --​$1.01
​Central Business District South SSD -- ​$1.40
​Old Donation Creek SSD --​$1.134
​Bayville Creek SSD --​$1.313
SSD = Special Service District (SSD) Tax Rates per $100.00 of assessed value.
 
Annual taxes: $1,600 to $2,200 year for a 3 bedroom 1200sf to 2200sf.
           
6. 84 Median Days on Market
   297 Active Listings
   40.7% Distressed Listings (foreclosures and short sales)
 
 
David Jelinek
Thank You.
 

Euclid
Unemployment 6.8 down from 7.6
Cost 3 BR $40k
Rent $950
Taxes $1300
DOM 133

Parma
Unemployment 5.9 down from 6.4
Cost 3 BR $80K
Rent $1000
Taxes $2500
DOM 141

Cleveland Heights
Unemployment 4.6 down from 6.1
Cost 3 BR $65K
Rent $950
Taxes $2000
DOM 205

Lakewood
Unemployment 4.9 down from 5.9
Cost 3 BR $100K
Rent $1000
Taxes $2800
DOM 142

Maple Heights
Unemployment 7.5 down from 8.6
Cost 3 BR $25K
Rent $950
Taxes $1700
DOM 114

I've been buying homes at 65% ARV. ROI 15%.

Pick me

Here are the six questions to answer:

1. What city are you in? Farmington Hills, Michigan

2. What is the current unemployment rate and what was it 12 months ago? 6.9% - 8.7% July 2012

3. What’s the current average cost of 3 bedroom house in your area? Avg Sold Price: $120,733, last 90 days

4. What’s the average rent for that same house? Avg Close Price: $1,404 monthly, last 90 days

5. What are the average annual taxes for that property? $2,400

6. What are the current days on market? Avg DOM: 71.43

Southeastern Michigan has been coming off it's hard bottom nicely and is expected to keep moving upward in value and volume, especially moving into the spring.

I have been working with Real Estate One for 20 years and have my finger on the pulse of this market. With the help of the MLS system, new listings and price reductions are emailed to me daily. This makes it easier to spot the great deals for the week, including bank owned units. I'd be happy to come on board and have you give me a try. Thanks!

Larry Avendt
Real Estate One
Office Direct: 248-419-3159
Cell: 734-306-3185
LarryAvendt@****

1) current city- Orlando, FL

2) unemployment rate-
Orlando-Kissimmee-Sanford, Florida Unemployment as of November 2012

National- 7.8%, Florida- 8.1%, Orlando- 7.9%

As of 12/11-
National 8.5%, Florida 9.9%, Orlando 9.9%

3)current average cost of a 3 bedroom-
Average price per square foot for Orlando FL was $95, an increase of 30.1% compared to the same period last year.

4)average rent for a 3 bedroom- $1473

5) property tax rate-
Orlando $12.34 per $1000 of home value
National $11.20 per $1000 of home value

6) median days on market-
January 2013- 72 days
January 2012- 82 days

1. What city are you in?

This information is for the local suburb of El Cajon, CA.

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

Current: 8.3% 1 year ago: 9.3%

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

$301,000

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

$1850/month

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

$3519

6. What are the current days on market?

111

I worked several years as a Realtor in San Diego county and continue to stay appraised of the market 1) because I LOVE real estate, and 2) because I still keep an eye out for investment properties for my family. Would love to be a part of your team if you can get the matrix to work out. (I know the numbers don't look great from a strict rental income perspective and you stated you're not interested in the appreciation aspect, but this area WILL appreciate well above the rest of the country over the next 5-7 years. Just something to know...)

Brian Ellis

1. Unemployment rate- 8%

2. Average cost for 3bdrm- $152,211

3. Average rent for 3 bdrm- 750-950/month

4. Average taxes for property- $2014

5. Days on market- 127

All information provided by Zillow, trulia, and google public data.