Dean Graziosi Weekly Wisdom #217 - Seeking Investor Area Managers

1. City: Oakland, Ca
2. Unemployment current: 12.9%, a year ago: 16.6%
3. Avg. Price 3 bed: $399,692
4. Avg. Rent: $1,950
5. Avg Taxes: 1.25% of price
6. DOM: 14-30 Days

1) Anderson, Indiana
2) Current Unemployment rate: 10.7%
Last year unemployment rate: 10.1%
3) Average listing price around $100K
4) Average rent: $600-700
5) Average yearly taxes $350-380
6) Average listing are kn market for 179 days

Anderson Indiana is a gold mine. Due to a heavy number of layoffs and closing industrial plants, the local economy plummeted about 7 years ago. A search for foreclosures brings up 61 properties in a 10 mile radius. 44 of which are under 20K. There are a few small pockets within Anderson that will VERY soon skyrocket in value as they are in the line of major upcoming development. The combination of extremely low house prices and the fact that development is right around the corner, anyone with the funding would be crazy not to jump on it. With a bit of knowledge of the area, a bit of real estate knowledge, and funding, this are will make someone ALOT of money!

1. Brentwood, CA. 94513
2. Unemployment rate : 7.3% down from 8.4%
3. Avg. 3BD home: $290,000.00
4. Avg. Rent: $1750.00
5. Tax: $3900.00
6. Avg. DOM: 23

Thanks, hope your interested. I would love to be a part of the team!!

1. City-- Martinsburg, WV 25401

2. Unemployment Rates: Avg: Oct 2012-- 6.2%
Oct 2011-- 7.3%

3. Avg Cost of 3 br in 25401: $99,900

4. Avg Rent: $950.00/mo

5. Avg Annual Taxes: $1200.00

6. Avg Days on Market: 99

Martinsburg, WV is considered as part of the Metro DC/MD/VA/WV area.--(an area that CONTINUES to BOOM near the Nation's Capital!!
I currently live in Inwood, WV 25428, however Martinsburg zipcodes are right by my house.
Especially I notice in Downtown Martinsburg, there are quite a lot of inexpensive homes that could be bought and rented!!!
I would LOVE, LOVE, LOVE the opportunity to work with both of you and hope this may be an answer to my prayers to become DEBT-FREE!!!
Warmly, Patty

Here are my answers to the questions:
1. City: Brooklyn Park

2. Unemployment Rate: 5.5% now; 5.6% 12 months ago.

3. Average Cost of 3 bedroom Single Family:
$130,000 ( non distressed property /
non distressed seller)

4.Average rent of 3 Br / 2bath: $1,200 / month

5. Average Tax: $2,355 / year.

6. Average days in market (DOM): 120 days

1. Wailuku, HI 96793
2. Unemployment rate for 2012 is 5.3%, down from 6.3% in 2011.
3. Median price for 3 Bdr Home is $380,000.
4. Avg. rent: $2100 to $2500.
5. Avg. property tax: $1,100
6. Current DOM: 159 days

Hawaii tends to be a little different than the mainland market, being that it's very desirable and inventory is limited. Even thou prices have come down, the downswing hasn't been quite as dramatic as the mainland, and is now on the upswing. If you want a chunk of Paradise, now is the time to do it!

1. Portland, Oregon

2. Unemployment rate as of Oct 2012 7.2%
compared to 8% of Oct 2011

3. median home price is $175,350

4. $900-$1700

5. Average property taxes $2300

6. 95 days on market

Voted one of the 10 best cities to live

http://money.cnn.com/magazines/moneymag/bplive/2011/snapshots/PL4159000....

Thanks Looking forward to working with you!!!

City: Hoover, Al

Unemployment: 4.5%

Average 3br cost: $208,336

Average 3br rent: $1,394/mo

Taxes on property 2011: $1,414
2010: $1,414
2009: $1,437

DOM: 85

I live in Hinesville, GA but would travel anywhere to be that areas manager

City: Huntsville, Al

Unemployment: 6.6%

Average 3br cost: $176,052

Average 3br rent: $1,435/mo

Taxes on property 2011: $1,170
2010: $1,180
2009: $1,180

DOM: 22

I live in Hinesville, GA but would travel anywhere to be that areas manager

Florida seems to be the most consistent with positive potential, there are amazing investment properties throughout the entire state.

City: Boca Raton, Fl

Unemployment: 7.1%

Average 3br cost: $184,900

Average 3br rent: $1,600/mo

Taxes on property 2011: $3,312
2010: $2,141
2009: $1,984

DOM: 31

I live in Hinesville, GA but would travel anywhere to be that areas manager.

Florida seems to be the most consistent with positive potential, there are amazing investment properties throughout the entire state.

City: Boynton Beach, Fl

Unemployment: 8.4%

Average 3br cost: $141,800

Average 3br rent: $1,300/mo

Taxes on property 2011: $2,379
2010: $2,312
2009: $3,280

DOM: 33

I live in Hinesville, GA but would travel anywhere to be that areas manager.

Florida seems to be the most consistent with positive potential, there are amazing investment properties throughout the entire state.

City: Bradenton, Fl

Unemployment: 9.4%

Average 3br cost: $157,700

Average 3br rent: $1,200/mo

Taxes on property 2012: $1944

DOM: 63

I live in Hinesville, GA but would travel anywhere to be that areas manager.

Florida seems to be the most consistent with positive potential, there are amazing investment properties throughout the entire state.

City: Cape Coral, Fl

Unemployment: 8.8%

Average 3br cost: $133,900

Average 3br rent: $1,000/mo

Taxes on property 2011: $757
2010: $895
2009: $962

DOM: 56

I live in Hinesville, GA but would travel anywhere to be that areas manager.

Florida seems to be the most consistent with positive potential, there are amazing investment properties throughout the entire state.

City: Brandon, Fl

Unemployment: 9.8%

Average 3br cost: $124,900

Average 3br rent: $1,020/mo

Taxes on property 2010: $3,109
2009: $2,473
2008: $2,549

DOM: 41

I live in Hinesville, GA but would travel anywhere to be that areas manager.

Florida seems to be the most consistent with positive potential, there are amazing investment properties throughout the entire state.

City: Carol, Fl

Unemployment: 8.8%

Average 3br cost: $101,500

Average 3br rent: $1,399/mo

Taxes on property 2012: $1548

DOM: 27

I live in Hinesville, GA but would travel anywhere to be that areas manager.

Florida seems to be the most consistent with positive potential, there are amazing investment properties throughout the entire state.

City: Citrus, Fl

Unemployment: 9.9%

Average 3br cost: $122,700

Average 3br rent: $1,250/mo

Taxes on property 2010: $1,487
2009: $1,614
2008: $2,440

DOM: 47

I live in Hinesville, GA but would travel anywhere to be that areas manager.

Florida seems to be the most consistent with positive potential, there are amazing investment properties throughout the entire state.

City: Clearwater, Fl

Unemployment: 7.8%

Average 3br cost: $140,300

Average 3br rent: $940/mo

Taxes on property 2012: $1,548

DOM: 39

I live in Hinesville, GA but would travel anywhere to be that areas manager.

Florida seems to be the most consistent with positive potential, there are amazing investment properties throughout the entire state.

City: Coral Springs, Fl

Unemployment: 6.6%

Average 3br cost: $237,200

Average 3br rent: $1,300/mo

Taxes on property 2011: $4,374
2010: $4,356
2009: $5,076

DOM: 127

I live in Hinesville, GA but would travel anywhere to be that areas manager.

Florida seems to be the most consistent with positive potential, there are amazing investment properties throughout the entire state.

City: Davie, Fl

Unemployment: 6.3%

Average 3br cost: $201,200

Average 3br rent: $1,480/mo

Taxes on property 2011: $2,336
2010: $2,584
2009: $2,779

DOM: 22

I live in Hinesville, GA but would travel anywhere to be that areas manager.

Florida seems to be the most consistent with positive potential, there are amazing investment properties throughout the entire state.

City: Coconut Creek, Fl

Unemployment: 6.7%

Average 3br cost: $91,200

Average 3br rent: $1,250/mo

Taxes on property 2011: $804
2010: $810
2009: $1,737

DOM: 21

I live in Hinesville, GA but would travel anywhere to be that areas manager.

Florida seems to be the most consistent with positive potential, there are amazing investment properties throughout the entire state.

City: Daytona Beach, Fl

Unemployment: 9.2%

Average 3br cost: $87,800

Average 3br rent: $750/mo

Taxes on property 2012: $936

DOM: 126

I live in Hinesville, GA but would travel anywhere to be that areas manager.

Florida seems to be the most consistent with positive potential, there are amazing investment properties throughout the entire state.

City: Delray Beach, Fl

Unemployment: 8.5%

Average 3br cost: $169,800

Average 3br rent: $1,500/mo

Taxes on property 2011: $163
2010: $541
2009: $1,514

DOM: 146

I live in Hinesville, GA but would travel anywhere to be that areas manager.

Florida seems to be the most consistent with positive potential, there are amazing investment properties throughout the entire state.

City: Deltona, Fl

Unemployment: 9.2%

Average 3br cost: $74,200

Average 3br rent: $900/mo

Taxes on property 2011: $962
2010: $1,020
2009: $1,320

DOM: 34

I live in Hinesville, GA but would travel anywhere to be that areas manager.

Florida seems to be the most consistent with positive potential, there are amazing investment properties throughout the entire state.

City: Fort Lauderdale, Fl

Unemployment: 6.8%

Average 3br cost: $250,000

Average 3br rent: $1,650/mo

Taxes on property 2012: $3,204

DOM: 59

I live in Hinesville, GA but would travel anywhere to be that areas manager.

Florida seems to be the most consistent with positive potential, there are amazing investment properties throughout the entire state.

City: Fort Myers, Fl

Unemployment: 8.4%

Average 3br cost: $139,400

Average 3br rent: $950/mo

Taxes on property 2011: $977
2010: $1,148
2009: $1,606

DOM: 63

I live in Hinesville, GA but would travel anywhere to be that areas manager.

Tina here....

1. What city are you in? Columbus, OH
2. What is the current unemployment rate and what was it 12 months ago? 5.5% / 7.2%
3. What’s the current average cost of 3 bedroom house in your area? $48,756
4. What’s the average rent for that same house? $650
5. What are the average annual taxes for that property? $875
6. What are the current days on market? 74

This is Metro Columbus. Of my 32 purchases in this area since August, 10 have been Rehab'd (9 are rented), 4 have been Sold, 20 are under construction. The 28 I have will produce $18,144 income in Rents per month. My average purchase price overall has been $12,207 per property. We are showing an un-leveraged solid Cap rate of 10.3% including vacancy and maintenance. We calculate this secondary market to have a conservative 4 year run with the new Casino going in, an upscale, west-side shopping area to match Easton Mall on the east side, the city influx of revitalization and the hospital area revitalization, plus the OSU area in constant demand. I have an exit strategy with a non-profit that will purchase then Lease-op, but could use a summit group for additional sales. I have enough history now to get approval to purchase direct from the land bank and will began that asap. My cash on cash has been 59.29% on the sales so far. The anticipated Cash on Cash for the balance of inventory is 77.51% because the 19 lot is self-funded after the first 5 properties are repaired, although an influx of PM will make the job easier and faster.

Florida seems to be the most consistent with positive potential, there are amazing investment properties throughout the entire state.

City: Gainesville, Fl

Unemployment: 7.1%

Average 3br cost: $128,000

Average 3br rent: $850/mo

Taxes on property 2011: $2,359
2010: $2,457
2009: $2,265

DOM: 121

I live in Hinesville, GA but would travel anywhere to be that areas manager.

Florida seems to be the most consistent with positive potential, there are amazing investment properties throughout the entire state.

City: Fountainbleau, Fl

Unemployment: 8.9%

Average 3br cost: $87,800

Average 3br rent: $1,300/mo

Taxes on property 2011: $1,369
2010: $1,321
2009: $2,076

DOM: 46

I live in Hinesville, GA but would travel anywhere to be that areas manager.

1. What city are you in?
Minneapolis, MN

2. What is the current unemployment rate and what was it 12 months ago?
Current as of December 2012 5.7%, and 12 months ago same 5.7%

3. What’s the current average cost of 3 bedroom house in your area?
$130k to 190k depending on city.

4. What’s the average rent for that same house?
$1177 per month for 135k house

5. What are the average annual taxes for that property?
Avg taxes for 135k = $2782 / yr

6. What are the current days on market?
103 days

1. What city are you in?
** Fenton, MI and Flint surrounding area
2. What is the current unemployment rate and what was it 12 months ago?
** 8%
3. What’s the current average cost of 3 bedroom house in your area?
** $70,000 market value. - 3BR 1Bath. 1200 sq ft
4. What’s the average rent for that same house?
** $1,200
5. What are the average annual taxes for that property?
**. $2,000
6. What are the current days on market?
**. 60 days on market