Dean Graziosi Weekly Wisdom #217 - Seeking Investor Area Managers

1. What city are you in?-- Cambridge MA
2. What is the current unemployment rate and what was it 12 months ago?--4.2% unemployment now. 4.6% 12 mth ago
3. What’s the current average cost of 3 bedroom house in your area?--$773K asking price, $777K SOLDs
4. What’s the average rent for that same house?--$3,500/mth
5. What are the average annual taxes for that property?-- $8.48/sf
6. What are the current days on market? SF: 59 days. CC: 43

Homes fly off the market like pancakes at the breakfast table. 1-7 days and it's under agreement. Bidding wars is a typical situation.

Here are the six questions to answer:
1. What city are you in?
Answer: Tacoma

2. What is the current unemployment rate and what was it 12 months ago?
Answer: Nov 2012 unemployment rate was 8.4%
January 2012 unemployment rate is 9.7%

3. What’s the current average cost of 3 bedroom house in your area?
Answer: about $130,000.00

4. What’s the average rent for that same house?
Answer: about $1,200.00

5. What are the average annual taxes for that property?
Answer: about $2,622.00

6. What are the current days on market?
Please do your research and post your answers below.
Answer: 69 days

1. What city are you in?
Los Fresnos,TX 78566

2. What is the current unemployment rate and what was it 12 months ago?
Current Unemployment Rate 11.38%
Unemployment Level 1year ago 12.34

3. What’s the current average cost of 3 bedroom houses in your area?
$168K

4. What’s the average rent of 3 bedroom houses?
$800.00

5. What are the average annual taxes for that property?
For the house that I picked the annual taxes for that property $1945 year 2011

6. What are the current days on market?
For this house 142 Days on Trulia
An average in this area 161 Days

MV

1.What city are you in?
Chicago,IL

2.What is the current unemployment rate?
The current rate is at 9.8% and in the last 12 months it was at 11.5%

3.What's the current average cost of a 3 bedroom house in your area?
Around $55,000.

4.What's the average rent for the same house?
Around $1,250 a month.

5.What are the average annual taxes for that area?
It's around $1,500 to $2,000.

6.What are the current days on the market?
15 to 30 days.

1. Richardson, TX
2. 2012 – 5% and 2011 – 6.2%
3. $173,406 (This is the average sales price for houses that sold in the last 6 months)
4. $1,416 (This the average lease price for houses that leased in the last 6 months). Also the average days on a market for a 3 bedroom house for lease is 7 days.
5. $4,512
6. 63 (Average days on the market based upon the houses that sold in the last 6 months)

I am a licensed real estate agent and am able to not only find houses but can also list them for you.

1. Stockton , Calif

2. Unemployment Rate = 14.1%
12 Months Prior = 16.5%

3. The Avg median sales price for homes in Stockton CA for Oct 12 to Dec 12 was $131,000. This represents an increase of 4.8%, or $6,000, compared to the prior quarter and an increase of 13.9% compared to the prior year.

4. Average rent 3/1 = $1,100/Mo

5. Average Taxes = $1,596.00 Yr

6. Average Days On Market = 39 days

Thank You Dean for Giving us this Wonderful Opportunity, Looking Forward to Bringing You Some Great Deals, I am also retired so Ready to go full Time, And Crushing this Market:)
Darren from Calif

1) My city is Napa, CA (Wine Capital of USA)
2) Unemployment rate in Sept 2011 was 8.5 and
has dropped to 6.9 in 2012 for a 4 year low
record
3) Average cost of 3 bedroom 2 bath is in the
$350,000
4) Average rent is $2300 for a 3 bedroom 2 bath.
Homes rents within 2 weeks
5) Average tax is $3,600
6) DOM on average is 2-3 months.

Thank you for sharing your blessing of a mini
ipad. I am so looking forward to meeting and better yet working with you.

1. Pittsburgh

2.Pittsburgh: 7.8% current
7.6% 12 months ago

3.Pittsburgh $170,000

4.Pittsburgh $1250

5. 3bdrm house: $783

6. What are the current days on market?
180+ days on Trulia

1.Tacoma, Washington (Pierce Co.)

2.Current unemployment rate is 7.9%
12 months ago, 8.7%

3. Ave. cost of 3 bed home is $162,000

4. Ave. rent for the same home is $1300.00/mth

5. Ave. annual taxes for that property is $2400.00

6. Current days on market, 150 days

San Francisco
6.7% as of Nov 2012
7.9% in Nov 2011
Avg cost for a 3 bedroom - $780k
Avg rent - $2300
Annual Taxes - $7800
Current days on market - 58

1. What is your city?
Missouri City, TX

2. What is the unemployment rate now and 12 months previously?
5.7% as of Nov.2012 and 7.1% in Nov. 2011.

3. Average cost of 3 bedroom home in 77459 zip code:
$169,000.

4. Average rent is $1450.00 per month.

5. Average taxes is approximately $5,000.00 per year.

6. How many days on the market?
57 days.

Lincoln County, MO - Troy
UE Rate Nov 2011 = 10.2%
UE Rate Nov 2012 = 8.4%
Avg Cost 3 BR SFR = $116,250
Avg Rent 3 BR SFR = $1025
Taxes for Avg 3 BR SFR = $948
Avg DOM = 190

Corridor going north up Hiwy 64 onto Hiwy 61 from STL financial centers to affordable homes - St. Charles and Lincoln Counties, particularly Wentzville and Troy - top growth areas over last 10 years. Can make stats available for St. Charles County if you ask.

Thanks for the opportunity to learn, compete, and partnership. Would like to hear more of why these specific questions. I understand the employment rate. In todays market in every area housing prices are all over the place.

1) Nashville, TN

2) According to the Dept Of Numbers in the Nashville Murfreeboro Franklin area the unemployment rate in Jan 7.0, May 6.6, Nov 6.3 2011

3)The average cost of a three bedroom house of 20 houses on zillow in the Nashville area was just at $110,000. This did not include the most influential area.

4)The average rents from 15 houses on both zillow and craigslist for three bedroom house was just below $900.

5)The tax rate varies from approx .033-.045 and higher in the business district. My best estimate for the taxes is $1125

6)This is another one that varies with the area
I did read in one area it was taking 90-120 DOM. I couldn't find nor the guy I talked to didn't know about the entire area.

i think i need to explain the ooltewah deal a little better. It has rapidly grown in the past 10 years .I have lived there over 30 years and something huge is going on in my town.

1. What city are you in? Columbus Georgia

2. What is the current unemployment rate and what was it 12 months ago? Unemployment Rate 8.5% as of November 2012, Down from 9.6% from July 2012.
3. What’s the current average cost of 3 bedroom house in your area? The median sales price for homes in Columbus GA for Oct 12 to Dec 12 was $106,004.
4. What’s the average rent for that same house? $800
5. What are the average annual taxes for that property? 3% annually
6. What are the current days on market? 60

Here are the six questions to answer:
1. What city are you in?
Lexington, Kentucky
2. What is the current unemployment rate and what was it 12 months ago?
6% now, 8% 12 months ago
3. What’s the current average cost of 3 bedroom house in your area?
$148000

4. What’s the average rent for that same house?
$900
5. What are the average annual taxes for that property?
$1610
6. What are the current days on market?
30-90

1. What city are you in?

Mesa,Az

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

6.2% down from 7.5%

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

85209 - 165K - 175K

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

$900 - $975

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

$1,241

6. What are the current days on market?

92 DOM

Quito, Ecuador
Average salary is generally around 300 dollars monthly. The cost of property is varied by location. For example, in Manabi you can purchase a 1/2 acre lot on the beach for 25k. In Quito that same 25k will buy a used car at best. I've seen properties range from 5k -10m. The coastal areas are definitely the "hot spots" for excellent development and return. 1h can be bought for $1.50 per meter. 10,000 meters is equivalent to 1 hectare. I arrived here from Texas 7 months ago. There are a few virgin beaches that will make nice resort properties, and some of the locations I've scouted already have some hard buys from the Hilton's, BW corp. and some local blue diamond high end developers. Land purchased weeks ago, nothing developed yet, and a new bridge being built by the presidents orders. These are all inside conversations. I am seeking investors to support and create year round hospitality development for a large return. The pacific ocean is very inviting, and the scenery is completely pristine. Along the coast line there are "Miami" style resorts and condos already build and occupied. The areas are approximately 190km on either side of the "virgin" area I'm interested in developing. Esmeralda's, guyaquille, etc., are right up the coast line.
Reach me by email at joe@xtreme-health.com for greater detail.
This is prime time in a prime location.

What a great idea for a poll. Looking at all the numbers from around the country definitely tells you where your market is. Just knowing you guys need these numbers makes me pay very close attention to them. Thanks so much for all the great advice and motivation. Looks like nows the time for me to get busy in my local market. Cheers to 2013!

Thanks a million Dean and Matt and keep up the great work. You guys are having an amazing positive effect on this country!!

A few more pieces of information. The condos up the coast line are 90m2 in size, and sell for approximately 140k-160k each. I spoke with the developer/owner of the blue diamond towers and got the supply grid and chain for all of the wholesale cost build supplies including concrete contractors. I viewed cost sheets both expenditures and final returns. Blue diamond is going to start construction on a third tower which is already sold out prior to breaking ground. The cost of constructing the third tower will be funded by 50% of the sales from the second tower. The second tower, which is 100% occupied sold out completely by the completion of phase one( first tower) construction. This process will be duplicated up and down this coast line. Clients ( buyers) are global. U.S., Japanese, Korean, columbian, Peruvian, Ecuadorean, European, etc. all U.S. currency here, as the sucre has been replaced by the U.S. dollar 11 years ago.
Joe@xtreme-health.com

1. What city are you in?
Louisville,KY
2. What is the current unemployment rate and what was it 12 months ago?
7.8, 8.1 a year ago
3. What’s the current average cost of 3 bedroom house in your area?
184,000.00
4. What’s the average rent for that same house?
850.00
5. What are the average annual taxes for that property?
2000.00
6. What are the current days on market?
3 month

City: Frankfort, Ky
Unemployment Rate: 6.0%. 12 Months ago: 7.1%
Average Cost of 3BR: $124000
Average Rent: $850
Average Taxes: $3,273.00
Current Days on Market: 90

1. What city are you in?
Dupage County, Illinois. This is a very diverse and economically stable county of 327 sq. miles consisting of 39 cities and villages.The strength of the investment opportunities lies within the county as a whole.
2. What is the current unemployment rate (6.7%) and what was it 12 months ago? (7.5%)
3. What’s the current average cost of 3 bedroom house in your area?
$219,900
4. What’s the average rent for that same house?
$1,668.00
5. What are the average annual taxes for that property?
$5055.00
6. What are the current days on market?
149 days

1. Douglas, AZ
2. Current unemployment 12.4%; 12 months ago was 12.3%.
3. Avg cost of a 3 BR home is 129,107
4. Average rent is $750-800
5. Average property taxes $700
6. Current days on market 187

1. What city are you in? Katy(west Houston) Texas

2. What is the current unemployment rate and what was it 12 months ago? Current 6.3% down from 7%

3. What’s the current average cost of 3 bedroom house in your area? $108,261

4. What’s the average rent for that same house? $900-$1350

5. What are the average annual taxes for that property? Avg tax rate of 3.0% or $3300 per year

6. What are the current days on market? Avg can vary between less than 1 week to 64 days.

Katy is a growing area of West Houston and a Hot energy corridor with a lot of relocations. I have been here 30 yrs and the area is continuing to grow.

1. Savannah, Georgia
2. 7.7 as of Nov.2012
12 months ago 8.4
3. $157,000
4. $823 - $2000
5. $1,153
6. 138 days

1. What city are you in?
Jacksonville, FL

2. What is the current unemployment rate and
what was it 12 months ago?
Oct '11 @ 10% -- Oct '12 @ 8.1%

3. What’s the current average cost of 3
bedroom house in your area?
Jacksonville is a large area with a wide range of home pricing due to urban living and many waterfront properties. However, the average listing price for 3 bedroom homes for sale was $146K for the week ending Jan 02.

4. What’s the average rent for that same
house?
$900-$1200 depending on the area.

5. What are the average annual taxes for
that property?
$1,500

6. What are the current days on market?
Just over 90 days.

1. What city are you in? Bangor Maine
2. What is the current unemployment rate and what was it 12 months ago?
Nov 2012 6.4% Nov 2011 6.1%
3. What’s the current average cost of 3 bedroom house in your area?
$135,000 average cost for 3 BR home (according to Trulia Jan 02 2013)
4. What’s the average rent for that same house?
$1,000-$1,200 per month.
5. What are the average annual taxes for that property?
$1,800-$2,000 (1,700 sq feet avg)
6. What are the current days on market?
161 days on Trulia

Come on up to Bangor for the win.
V/R
Shawn Ravenscraft

. What city are you in? -
Corpus Christi,TX

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

5.4% AS OF Nov 2012.

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

Average for a 3 bedroom 1000 - 1500 SQ FT is 100,000 - 130,000

4. What’s the average rent for that same
house?
$1000 - $1200

5. What are the average annual taxes for
that property?
2011 $3500

6. What are the current days on market?
90 - 150 days

1. Parker is located in the southeast part of the
Denver Metro area

2. Denver unemployment rate is 7.7% (end 2012),
down from 8.4% (2011)

3. the current average cost of a 3 bedroom house
is $250000

4. the average rent for a 3 bedroom house is $1500

5. average annual taxes on a 3 bedroom house are
$1500

6. Denver area average DOM is 40

!!!!!!!!!!!!!!!!!GO BRONCOS!!!!!!!!!!!!!!!!