Dean Graziosi Weekly Wisdom #217 - Seeking Investor Area Managers

City: Kendale Lakes, Fl

Unemployment: 9.4%

Average 3br cost: $133,500

Average 3br rent: $1,380/mo

Taxes on property 2012: $1,512

DOM: 67

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

City: Kendall, Fl

Unemployment: 8.7%

Average 3br cost: $205,200

Average 3br rent: $1,600/mo

Taxes on property 2011: $2,066
2010: $2,167
2009: $1,983

DOM: 47

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

1 Schaumburg IL 60193
2 unemployment rate: current 6.4% 12 months ago 7.2%
3 Average 3 bedroom house $180,000
4 Average rent on 3 bed $1,900
5 Average Taxes $4,600
6 Average days on market 285

City: Kissimmee, Fl

Unemployment: 8.9%

Average 3br cost: $96,600

Average 3br rent: $830/mo

Taxes on property 2011: $698
2010: $741
2009: $918

DOM: 29

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

City: Lakeland, Fl

Unemployment: 8.8%

Average 3br cost: $95,900

Average 3br rent: $840/mo

Taxes on property 2011: $558
2010: $651
2009: $1,122

DOM: 7months

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

City: Largo, Fl

Unemployment: 8.3%

Average 3br cost: $92,700

Average 3br rent: $850/mo

Taxes on property 2011: $795
2010: $755
2009: $716

DOM: 51

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

City: Lauderhill, Fl

Unemployment: 8.3%

Average 3br cost: $52,200

Average 3br rent: $1,120/mo

Taxes on property 2011: $1,120
2010: $1,143
2009: $2,153

DOM: 5 months

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

City: Margate, Fl

Unemployment: 7.5%

Average 3br cost: $88,700

Average 3br rent: $1,200/mo

Taxes on property 2011: $1,569
2010: $1,014
2009: $2,544

DOM: 30

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

Hi Dean and Matt,
Here are the answers to the questions.

1. What city are you in?
Carrollton Texas
2. What is the current unemployment rate and
what was it 12 months ago?
The current unemployment rate in the
Carrollton area is 5.6% and 12 months ago it
was 7.9%
3. What’s the current average cost of a 3
bedroom house in your area?
Market price: $130,968
4. What’s the average rent for that same house?
Rent: $1,155/ to $1,339/mo
5. What are the average annual taxes for that
property?
$800.00
6. What are the current days on market?
DOM Ave 46

Thank you for the Opportunity.

City: Miami Beach, Fl

Unemployment: 7%

Average 3br cost: $316,800

Average 3br rent: $2,100/mo

Taxes on property 2011: $3,322
2010: $1,580
2009: $1,420

DOM: 40

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

City: Miami, Fl

Unemployment: 9.7%

Average 3br cost: $265,400

Average 3br rent: $2,000/mo

Taxes on property 2011: $2,836
2010: $3,991
2009: $6,473

DOM: 15

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

1. Cambridge, Ontario, Canada

2. Current unemployment 6.2, 12 months ago 6.2

3. Average price $294 520

4. Average rent $1 200

5. Taxes $3 785.23

6. D.O.M. 30

City: Miramar, Fl

Unemployment: 7.6%

Average 3br cost: $162,800

Average 3br rent: $1,650/mo

Taxes on property 2011: $2,623
2010: $2,629
2009: $3,897

DOM: 52

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

1. Virginia Beach, Virginia
2. Rate for Nov. 2011 is 5.8
Rate for Nov. 2012 is 5.3
3. $226,000
4. $1,475
5. $1,757
6. 79 days

1. City: Brandon, FL
2. Unemployment rate: 8.6% 12 months ago: 9.5%
3. Average Cost 3 Bedroom: $113,100
4. Average Rent 3 Bedroom: $1230
5. Average Annual Taxes: $1050
6. Current Days on Market: 139

I have resided in the Tampa Bay area for 28 years and believe there to be a great investment opportunity.

City: North Miami, Fl

Unemployment: 10.5%

Average 3br cost: $104,700

Average 3br rent: $1,200/mo

Taxes on property 2011: $1,976
2010: $2,280
2009: $3,312

DOM: 35

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

City: North Fort Myers, Fl

Unemployment: 9.1%

Average 3br cost: $106,200

Average 3br rent: $1,480/mo

Taxes on property 2011: $1,603
2010: $1,858
2009: $2,113

DOM: 39

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

1.) Virginia Beach, Virginia
2.) Nov. 2011 is 5.8
Nov. 2012 is 5.3
3.) $226,000
4.) $1,475
5.) $1,757
6.) 79 days

city-Brick
current unemployment- 9.6%
unemployment 12 months ago-11.1%
current avg cost of 3 bedroom- $251,358
avg rent 3 bedroom- $1650
avg annual taxes for 3 bedroom- $5373
avg current days on market-98

Spring Hill Fl

12.9% yr ago 13.1%

82,000

880

672

80

1. City: Richmond VA
2. Unemployment Rate
- Dec. 2012 6.1%
- Dec. 2011 6.8%
3. Average Cost of a 3Bdrm House: $150,000
4. Average Rent: $1150
5. Taxes: $1440
6. Days on Market: 45
THANKS!!!
"J. Ron"

1 Reseda, CA
2 9.40%-8.27% current
3 $313639
4 $2150
5 $4383
6 15
Just tell me what to do.
Kevin

1.What city are you in? Knoxville

2.What is the current unemployment rate and what
was it 12 months ago? Currently 5.4, one year ago 6.7

3.What’s the current average cost of 3 bedroom house in your area? 149,900

4.What’s the average rent for that same house? 1,000

5.What are the average annual taxes for that property? 740.00

6.What are the current days on market? 95

Downtown Knoxville continues to grow and change every day. But one thing is constant, it’s a place that hums with activity. Festivals, concerts, world-class entertainment, and cultural attractions fill Market Square, the historic Old City, Volunteer Landing and World’s Fair Park year round. Downtown Knoxville is also a place where business gets done in East Tennessee. I would be a great asset to your team if given the opportunity. Thank you for your time.

Hi Dean,
We are currently doing deals in North Haven, Ct. 06473 which is a great area. We are wholesaling a deal right now which the home Zestimate is $160,000 and we retained if for $95,000. We are in the process of working with a bird dog who has 3 buyers coming in @$115,000 to purchase and his commission will be $5000. After the deal closes, we will net $15,000 on the deal and there's are a lot more of these deals going on! Let us work for you!!!!!

The answers to your questions are as follows;

1. What city are you in? -North Haven, Ct. 06473

2. What is the current unemployment rate and
what was it 12 months ago? Currently is
7.2 %/ 12 mos ago was 8.78%

3. What’s the current average cost of 3
bedroom house in your area? Current
Average list is $323,000 and Median
Sales price is $286.000

4. What’s the average rent for that same
house? $1800.to $2100. per month

5. What are the average annual taxes for
that property? Mill Rate is .26

6. What are the current days on market?
Average 80 to 120 days
Thanks for All you and the Team do for all of us!
Sincerely, Mark & Mary Minotti (Propertycircle)

1.What city are you in?
San Diego, CA

2.What is the current unemployment rate and what was it 12 months ago?
Current: 7.8% / 9.2%

3.What’s the current average cost of 3 bedroom house in your area?
$250K-$400K

4.What’s the average rent for that same house?
$1,500K-$2,500

5.What are the average annual taxes for that property?
$3,000K-$4,000K

6.What are the current days on market?
33 Days

Answers:
1) We are familiar with Haledon, NJ (zip=07508.
This is a small blue collar community between two larger cities: Paterson and Newark. We actually have a 3-bedroom rental property (3-year lease with option to buy)in Haledon.
This is a mixed community, with older long-time residents and newer Spanish-speaking immigrants from the Philippines or South America.
Haledon is also very close to William Paterson University so rental to students is a definite option. In fact, our second choice for renters would have been 4 students "with good references".

2) Unemployment in September 2012: 10.8%
and in January 2012: 11.7%
As expected, the unemployment rate in Haledon is higher than the rest of New Jersey, and in the US in general. There is an improvement over the last year, making the rental market very attractive.

3) Current average list price for a 3-bedroom house: $189,442
and the average sold price is: $169,510
The ratio of sold to list price of 89.5% shows that the market is still somewhat soft, with plenty of opportunity for bargains
These prices are slightly higher than the comparative numbers in Paterson and Newark, showing that Haledon is considered better for raising children than the bigger neighboring cities

4) Current average rent for a 3-bedroom house:
$1,558
This is higher than comparative rents in Paterson and Newark, again reflecting the perception of a better community.
We were able to get a monthly rent of $1,700 because of the rehab and location that is close to commuter highways.

5) Average property tax: $5,000
Slightly lower than the rest of New Jersey.

6) Current days on market for 3-bedroom houses:
137 Days (down from 194 a year ago)
This is an indication that the real estate market is just turning upward in Haledon and that there are still opportunities.

Answers:
1) We are familiar with Haledon, NJ (zip=07508.
This is a small blue collar community between two larger cities: Paterson and Newark. We actually have a 3-bedroom rental property (3-year lease with option to buy)in Haledon.
This is a mixed community, with older long-time residents and newer Spanish-speaking immigrants from the Philippines or South America.
Haledon is also very close to William Paterson University so rental to students is a definite option. In fact, our second choice for renters would have been 4 students "with good references".
2) Unemployment in September 2012: 10.8%
and in January 2012: 11.7%
As expected, the unemployment rate in Haledon is higher than the rest of New Jersey, and in the US in general. There is an improvement over the last year, making the rental market very attractive.

3) Current average list price for a 3-bedroom house: $189,442
and the average sold price is: $169,510
The ratio of sold to list price of 89.5% shows that the market is still somewhat soft, with plenty of opportunity for bargains
These prices are slightly higher than the comparative numbers in Paterson and Newark, showing that Haledon is considered better for raising children than the bigger neighboring cities

4) Current average rent for a 3-bedroom house:
$1,558
This is higher than comparative rents in Paterson and Newark, again reflecting the perception of a better community.
We were able to get a monthly rent of $1,700 because of the rehab and location that is close to commuter highways.

5) Average property tax: $5,000
Slightly lower than the rest of New Jersey.

6) Current days on market for 3-bedroom houses:
137 Days (down from 194 a year ago)
This is an indication that the real estate market is just turning upward in Haledon and that there are still opportunities.

Hi Dean,
I attended your seminar in South San Francisco Oct. 4, 2012. I am so happy you are making this generous opportunity available.

My question answers are:
1. San Jose, Ca.
2. Unemp. rate was 8% A/O 11/15/12, 8.75% Jan 2012
3. $483,000 (trulia.com), but there are many really good foreclosure deals in our area
4. Avg. rent $2,550
5. Avg. Prop tax $4,200
6. Current days on market for the listing I looked at: 300, but many are selling in 90-180 days.

Thank you Dean for all you do!

The Answers for the (6)questions;

1. What city are you in? / Santa Rosa, CA 95404

2. Most recent unemployment rate was 7.9% December 2012. The rate 12 months ago was 10.9% in December 2011.

3. The median average price as of December, 2012 was $315,000.00 dollars.

4. The average rental is $2100.00

5. Average property tax paid $3,321.00 on homes with a mortgage.

6. Current DOM 38, last year DOM 88

1. Bakersfield, Ca (Kern County) : 5th largest exporter of oil in the United States. Recently Warren Buffet invested in a solar field here in Kern County. MANY JOBS!

2. Unemployment rate 12.4
12 months ago's 13.3 www.calmis.ca.gov

3. Average 3/1 in area code 93306 is 85,000

4. Rent is 1000-1150

5. Taxes: 1,200

6. Average days on market 42 days

EX: I purchased a 2/1 for 45k, have it rented for 925 through section 8. Cash flowing 600 per month!
***Great County to invest in,even the oracle of omaha himself (Warren Buffet) thinks so. Talk to you soon!