Dean Graziosi Weekly Wisdom #217 - Seeking Investor Area Managers

1. What city are you in? Las Vegas Nevada

2. What is the current unemployment rate and what was it 12 months ago?
Current rate is 10.4% for Las Vegas
Last years rate was 13% for Las Vegas

3. What’s the current average cost of 3 bedroom house in your area?
The median sales price for homes in Las Vegas NV for Oct 12 to Dec 12 was $139,415. This represents an increase of 6.8%, or $8,915, compared to the prior quarter and an increase of 25.7% compared to the prior year.

4. What’s the average rent for that same house?
Depends on the area of town but $1000-$1100 is average

5. What are the average annual taxes for that property? Clark county has a tax rate of 3.0568. The formula for calculating real property tax is as follows:
Taxable Value x .35 = Assessed Value
Assessed Value x Tax Rate = Total Property Tax

Taxes on a 139k house would be roughly $1487 a year

6. What are the current days on market? In December, 68.9 percent of all homes and 71.8 percent of all condos and townhomes sold within 60 days. That compares to November, when 69.9 percent of all homes and 73.6 percent of all condos and townhomes sold within 60 days

1) What city are you in?
Orlando, FL.

2) What is the current unemployment rate and what was it 12 months ago?
As of November 2012 7.8%, November 2011 9.5% (According to homefacts.com)

3) The average cost of a three bedroom house in the Orlando area?
It all depends on the area you purchase in. In Pine Hills 3bds 2ba 1300 sq ft is $70k, in good areas of Orlando, same house $130k, in great areas of Orlando $180k to $200k

4) The average rent of a three bedroom house in the Orlando area?
In the areas above, $650, $1200, $2000

5) The average annual taxes on a 3 bedroom house in the Orlando area?
In the areas above from $800yr to $3500yr depending on land.

6) The average days on the market of above house?
If a house is priced right in any area of Central Florida, not more than 2 weeks. Most sales are Multiple Offer Requesting a Highest and Best Offer, there are no counter offers. The sellers simply are picking the best offers on the table, cash offers have preference.

There are also better places to be purchasing homes for yearly leases in the central Florida area like Deltona, Deland, Orange City for low cost homes under $80k, 3 bds 2 ba 1300Sq Ft, renting for $1000 per month and netting a 12% ROI.

Vacation homes in the Clermont, Davenport, Championsgate areas sell for $200k, 5 bds 3ba, 2 master suites. These are short term rentals. If you purchase in the right community, you could be at a 15 to 20% ROI with the buyers getting a month to stay in the home.

These areas also offer low insurance, low taxes and no HOA fees.

Hi, I live in Lansing, MI
The unemployment rate is 6.4%. 12 months ago it was 9.9%.
Ave. cost of a 3 bdrm is $97,000.
It would rent for about $750.
Ave. annual taxes of $1,715.
On average it would be on the market for 77 days.

Dallas/Ft. Worth Metroplex

Unemployment Nov 2012, 5.7% vs Nov 2011 7.1%

Ave cost 3 bedroom house $149,000

Ave rent $1,500

Annual taxes $3,080

Ave DOM 53

1. What city are you in?
Prince George’s County Maryland close to DC Metropolitan Area. I can cover other major surrounding areas ie Virginia and Washington DC (those listed in unemployment data)

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

AREA Unemployment rates

District of Columbia
9/2011 10.5
9/2012 8.8
Net change from
9/2010-9/2012 -0.9
9/2011-9/2012 -1.7

Arlington, Va.
9/2011 3.8
9/2012 3.5
Net change from
9/2010-9/2012 -0.6
9/2011-9/2012 -0.3

Fairfax, Va.
9/2011 4.4
9/2012 4.0
Net change from
9/2010-9/2012 -0.5
9/2011-9/2012 -0.4

Alexandria, Va.
9/2011 5.0
9/2012 4.4
Net change from
9/2010-9/2012 -0.4
9/2011-9/2012 -0.6

Fairfax City, Va.
9/2011 7.3
9/2012 5.6
Net change from
9/2010-9/2012 0.2
9/2011-9/2012 -0.7

Falls Church, Va.
9/2011 7.8
9/2012 6.6
Net change from
9/2010-9/2012 0.8
9/2011-9/2012 -1.2

Manassas, Va.
9/2011 6.6
9/2012 5.8
Net change from
9/2010-9/2012 -1.3
9/2011-9/2012 -0.8

Charles, Md.
9/2011 6.0
9/2012 5.6
Net change from
9/2010-9/2012 -0.8
9/2011-9/2012 -0.4

Prince George's , Md.
9/2011 7.1
9/2012 6.6
Net change from
9/2010-9/2012 -1.1
9/2011-9/2012 -0.5

Bethesda-Frederick-Rockville, Md
9/2011 5.5
9/2012 5.0
Net change from
9/2010-9/2012 -0.9
9/2011-9/2012 -0.5

Montgomery, Md.
9/2011 5.3
9/2012 4.9
Net change from
9/2010-9/2012 -0.8
9/2011-9/2012 -0.4

3. What’s the current average cost of 3 bedroom house in your area?
High end $700,00 - $400,000
Low end $300,000 – $120,000

4. What’s the average rent for that same house?
High end$2,200 - $3,400
Low end $1,000 – $1,900

CRAIGSLISTED
$3250 / 3br - 1400ft² - Great Rowhouse near Metro (Capitol Hill)
$2200 / 3br - Beautiful Updated Home - Great Loc! (Arlington)
3br - Come Rent this Townhome (Bowie) $1,950
$1650 / 3 Bedroom 1-1/2 Bath, 1600SF. Brick TH (Greenbelt, MD)

5. What are the average annual taxes for that property?
Sample Areas
ARLINGTON VIRGINIA 22201
Median real estate property taxes paid for housing with mortgages in 2010: $4,426 (0.8%)
Median real estate property taxes paid for housing with no mortgage in 2010: $4,362 (0.8%)

ARLINGTON VIRGINIA 22202
Median real estate property taxes paid for housing with mortgages in 2010: $3,802 (0.8%)
Median real estate property taxes paid for housing with no mortgage in 2010: $4,146 (0.9%)

WASHINGTON DC 20001
Median real estate property taxes paid for housing with mortgages in 2010: $2,979 (0.6%)
Median real estate property taxes paid for housing with no mortgage in 2010: $1,776 (0.3%)

WASHINGTON DC 20002
Median real estate property taxes paid for housing with mortgages in 2010: $2,236 (0.5%)
Median real estate property taxes paid for housing with no mortgage in 2010: $1,527 (0.3%)

WASHINGTON DC 20032
Median real estate property taxes paid for housing with mortgages in 2010: $954 (0.4%)
Median real estate property taxes paid for housing with no mortgage in 2010: $902 (0.3%)

6. What are the current days on market?
If priced right: 60
If not priced right: 100 or more

** Data on Pending higher priced home sales

North West, DC

For Sale: $625,000
Zestimate®: $606,156
Est. Mortgage: $2,199/mo
Bedrooms:3 beds
Bathrooms:1.5 baths
• Days on Zillow83

Pending: $664,900
Zestimate®: $582,091
Est. Mortgage: $2,340/mo
• Days on Zillow43

Pending: $649,900
Est. Mortgage: $2,287/mo
Bedrooms:3 beds
Bathrooms:3.0 baths
• Days on Zillow55

Pending: $799,000
Zestimate®: $720,254
Est. Mortgage: $2,811/mo
Bedrooms:3 beds
Bathrooms:3.0 baths
• Days on Zillow29

Pending: $425,000
Est. Mortgage: $1,492/mo
Bedrooms:4 beds
Bathrooms:2.0 baths
• Days on Zillow58

The DC Metro is always a "hot" area. DC, MD and VA has new construction in many locales including redeveloping some low income areas. As you see for the data provided even in the most desirable areas the houses are moving when priced right. I have knowledge of a vacant house being sold to an investor for 165k and after rehab it sold for 650k.

There is a lot of territory to cover here in DC, MD and VA these areas are all about growth. I know these areas have great potential to bring in a lot of income producing properties. Get in touch with me when you choose this growing region.

Thanks for the opportunity to create wealth thru Real Estate.

1. What city are you in? Worcester, MA

2. What is the current unemployment rate and what was it 12 months ago? 7.5% 2012 7.9%

3. What’s the current average cost of 3 bedroom house in your area? $180,000

4. What’s the average rent for that same house? $950.00
5. What are the average annual taxes for that property? $3000.00
6. What are the current days on market? 90 days

i would love to work for you as a area manager. I own rentals in 2 states Oh & Wv.. I need to grow my net income by $10,000.00 or more per month. That is my goal for 2013. I can work in almost any area of the USA. i have been waiting for this offer for many years. I look forward to working with you this year.

Thank you,

Tyrone Tuel

1. Syracuse, NY

2. Current unemployment rate - Dec 2012 , 7.9%; 12 months ago - 7.8%

3. Current average cost of a 3 bedroom (zip code 13212) $111,522

4. Current average rent for a 3 bedroom (zip code 13212) $1,140

5. Average annual taxes for same zip code - $3809.50

6. Current days on market - 70

Here are the six questions to answer:
1. What city are you in?
Cincinnati, OH

2. What is the current unemployment rate and what was it 12 months ago?
Current 6.9%, 12 mos ago: 8.4%

3. What’s the current average cost of 3 bedroom house in your area?
$130,700

4. What’s the average rent for that same house?
$1300/mo

5. What are the average annual taxes for that property?
$2500/yr

6. What are the current days on market?
95 DOM

1. Austin, TX
2. Now- 5.3%, Jan. 2012 - 6.6%
3. $190,000 - up 7% from a year ago
4. $1400
5. $3500
6. 67 Ave. DOM - Down 16 days from a year ago

Brenda Davis

1. City-Gurnee,IL
2. The unemployment rate in the last 12 months was 9% in 12/11 and as of 12/12 it at 7.9%
3. The average cost for a 3bedroom home is 182,000
4. The average rent for a 3bedroom home is 1,400
5. The average taxes for a 3bedroom home is 1,921
6. The current days on market is 60 days

1. Round Rock, TX
2. Now - 6.8%, Jan 2012 - 7.4%
3. $140,000
4. $1100
5. $2500
6. 60 Ave. DOM

1. What city are you in?
Lilburn, GA(just outside Atlanta)

2. What is the current unemployment rate and what was it 12 months ago?
current 10.6% 12months ago 9.2%

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

4. What’s the average rent for that same house?
$900

5. What are the average annual taxes for that property?
$1591

6. What are the current days on market?
52

Here are the answers to the six questions:
1. What city are you in? Ottawa Canada
2. What is the current unemployment rate 5.2
and what was it 12 months ago? 5.5
3. What’s the current average cost of a 3 bedroom house in your area? $350,000
4. What’s the average rent for that same house? $1633 per month
5. What are the average annual taxes for that property? $2821
6. What are the current days on market? 33 days

I would LOVE to be your Canadian Partner!!!

Ottawa is the nation's capital with tons of great characteristics in the National Capital Region. Here are a few highlights: This is a highly educated, stable, multilingual region with 4 Universities; 2 government funded colleges, 8 private colleges; a strong presence of Federal, Provincial and Municipal governments with associated lobby and special interest groups; featuring Canada's Parliament; representation by over 55,000 NGOs and charities; the seat of Canada's premier high tech sector; the top Canadian destination for tourism sector; borders the province of Quebec and adjacent to several cities, towns within minutes drive; part of TOM socio-economic triangle (Toronto, Ottawa, Montreal), etc.

The real estate market reflects a mix of very stable, economically sound home owners and investors, as well as an estimated 35% component of transient residents: politicians, lobbyists, students, temporary residents (assigned to time-based projects).

From Ottawa, you can easily branch out to other areas.

Hopefully you will consider this area a prime opportunity for your next deals... with me as one of your new partners!

Thank you.

Aimee B

1)David F. Poway, Ca.
2)Current unemployment rate in Poway as of Oct. 2012 is 5.1%. In June of 2001 it was 2.5%.
3)Average cost of a 3 Bdrm. Hse. is 435,000.
4)Average Rent for a 3 Bdrm. Hse. is 2,300 a Mnth.
5)Average annual taxes is 1,628
6)Current days on market is 90

Area of Concentration: East Bay & Central Valley

1.) Sacramento, CA
2.)Current unemployment
10 OCT. 2011 12% - 10 DEC 2012 8.9%
3.)Avg. House Cost = $120,000.00

4.) Avg. Rent = $990.00 Per Month
5.) Avg. Medium Annual Taxes $1,509.00
6.) Current DOM = 40

The San Francisco bay area is one of the hottest areas in the world to live and invest. It's a bit on the high end, but it's San Francisco and the Wine Country where the Gold Rush is back on! "The West is the Best, Get Here & We'll Do The Rest"........

City: Jacksonville,Fl
Unemployment Rate: 8.6%. 12 Months ago: 10%
Average Cost of 3BR: $125.000-140.000
Average Rent: $850-1000
Average Taxes: $1.400-2.000
Current Days on Market: 20-80

Aurora, CO
Unemployment rate is 8.2% from 8.1%
3BR house cost: $97,000
Average rent: $692.00
Average taxes: $1,494
Days on market: 2 days (01/9/13)

1-city::Marrero,louisiana(metro new orleans,la)
2-unemployment:2012-6.5% down from 7.3%-2011
3-3bdroom house-$121,000.00
4-rent-$1,200.00
4-propert tax-$6980-$10,500.00
5-dom-67

Bryn Mawr Pa.

Current : 6.48%
1yr ago : 6.69%

Average cost for Home: $354K
Average rent: $1568/mo

Average annual taxes: $4,847

Current days on market: 36 days

1. Des Moines, Iowa

2. Current - 4.9%
12 M. Ago - 5.6%

3. $129,000

4. $1,200

5. $2,878

6. 102 Days

1. What city are you in? Shawnee Kansas
2. What is the current unemployment rate and what was it 12 months ago? Current rate is 3.7%, 12 months ago 5.5%
3. What is the current cost of 3 bedroom house in your area? $120,000
4. What is the average rent for that same house? $1200
5. What is the average annual taxes for that property? $2250
6. What are the current days on the market? 82

As a bonus I purchased Dean's book 30 Days Cash and I made money in a 3 weeks. Actually before I finished the book I found a realtor, looked at homes, located some investors, sold a property and made $3000.00. I had 2 investors bidding on the property at the same time it was great.

i am ready to move on and grow my business.

Thanks Dean

1)David F. Poway, Ca.
2)Current unemployment Rate in Poway as of Oct. 2012 is 5.1%. In June of 2001 it was 2.5%.
3)Average cost of a 3 Bdrm. Hse. is 435,000.
4)Average rent for a 3 Bdrm. Hse. is 2,300.
5)Average annual taxes is 1,628.
6)DOM. IS 90.

1.Unemployment Rate: Currently 7.3% 12 months ago 7.0%

2.Average cost of a 3/1 bedroom house: $134,900

3.Average rent for a 3/1 bedroom house: $900.00

4. Average taxes for that property: $2,534.00 a year

5. Days on Market: 97

1. Woodbury, Nj 08096
2. Unemployment is at 9% currently with a future job growth of 33.9% . 12 mo.’s ago: UE% = 11.5
3.
Market View for 08096
Avg. Listing Price $172,833
Median Sales Price $163,900

4. Average rent is 1.6k p/m
5.
Percentage of tax burden
Average property taxes = 3993k 2011 2010 2009 2008
Local purpose tax (City’s share) 36.38% 35.42% 33.63%
Local School tax 47.71% 47.40% 49.68%
County tax (including open space tax) 15.91% 17.18% 16.69%
Total 100.00% 100.00% 100.00%

6. Median DOM = 167 with 1 price increase in the area and 14 decreases

1. Lancaster, CA 93534 zipcode
2. 14.6% as oct 2012 and 16.3% 12 months ago
3. Average rent is $1300
4. Average Taxes is $1500
5. 120 average days on market?

Here are my answer's
1. Arlington, texas
2. 5.7 last year 8.3
3. 107,325
4. $1200.
5.taxs=$2957.00
6.dom=57
Please pick me and change my life.

Lancaster, CA 93534

1. unemployment as oct 2012 was 14.6% and 16.3% 12 months ago
2. Average 3 bed is $101,620
3. Average rent $1300
4. Average Taxes $1500
5. 120 average days on market

Port St Lucie, FL (34953)
1)Nov 2011 12.4% Nov 2012 10.5% Countywide (St Lucie County)
Please note that this area has a big retirement population.
2) Average price of a 3 Bed/2 Bath Home $119,363.00
3) Average Rent $1,100.00
4) Average Taxes: $2,600.00
5) Days on market 93

At one point in time this area was the fastest growing city in the US. The area will see yet another, maybe not as big, population spirt in the next few years with a big rental market demand.

1)what city are you in
Everett Wa
2. What is the current unemployment rate and
what was it 12 months ago?
8.1% as of october 2011
8.6% current rate
3. What’s the current average cost of 3
bedroom house in your area?
$280,000
4. What’s the average rent for that same
house?
$1,200
5. What are the average annual taxes for
that property?

$3,200
6. What are the current days on market?
120 days