Dean Graziosi Weekly Wisdom #217 - Seeking Investor Area Managers

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($3,000-$4000 per year) 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)

Hey Dean and Matt,

Thanks for all you do and for this opportunity to provide you with some information about the market in Omaha, NE. Here are the answers to your questions for my area.

1) Omaha, NE
2) Unemployment Rate: Current 4.1% (as of Nov 2012). Down from 4.7% (in Nov 2011)
3) Avg cost of 3 bdrm house: $130,000
4) Avg monthly rent for 3 bdrm house: $1,062
5) Avg annual prop tax for 3 bdrm house: $2,154
6) Current days on market: 141

Thanks again and I look forward to hearing who you choose to work with.

Steve

Exactly what numbers are you looking for ???, i'm pretty sure I can find somewhere amazing close to by my area.

Here are the six questions to answer:

1. What city are you in?
Hillsboro,Oregon

2. What is the current unemployment rate and what was it 12 months ago?
Current 6.9 %, and 12 months ago 7.8%

3. What’s the current average cost of 3 bedroom house in your area?
$180K – $300K

4. What’s the average rent for that same house?
$1000 - 1300

5. What are the average annual taxes for that property?
$3,500

6. What are the current days on market?
81

Hi Dean & Matt, Thank you for the presentation. Here are my answers:
1) Foley, Alabama;
2) Current unemployment rate is 6.7% (as of Sept. 2012) down from 7.7% in January 2012; same rate goes also for Orange Beach & Gulf Shores, Alabama.
3) Current average cost of 3 bedroom house is $ 150 K;
4) Current average rent is $900/month;
5) Average annual taxes is $500/year if it's owner-occupied, but $1000/year if it's not owner-occupied;
6) Current DOM for a three bedroom house is 148 days.

Hope this is not too late for me to turn in.

Best regards,
Daniel Ajamiseba
Foley, AL 36535

Dear Dean and Matt,
Thank you so much for your awesome presentation. Here are the answers to the six questions:
1) I am in Foley, Alabama 36535;
2) Current employment rate in Foley, AL is 6.7% (as of Sept. 2012) down from 7.7% in January 2012; same rate goes also for Orange Beach & Golf Shores, Alabama;
3) Current average cost of 3 bedroom house is $ 150,000;
4) Current average rent is $900/month;
5) Average annual taxes for the 3 bedroom house is $500/year if it's owner-occupied, but $1000/year if it's not owner-occupied;
6) Current DOM for a three bedroom house is 148 days.

I hope it's not too late to turn this in.

Best regards,

Daniel Ajamiseba

Hear are the six questions to answer:

1. What city are you in? Titusville, Florida (where one in four residents are renters)
2. What is the current unemployment rate and what was it 12 months ago? Latest information found was updated 11/2012-the rate was 8.5%; in 11/2011 the rate was 12.6%; the highest rate was in 8/2011 at 14.6%.
3. What's the current average cost of a 3 bedroom house in your area? Depends on the subdivision, square footage/stories, and whether bank owned or FSBO. Price range of a single story 3/2 with 1150-1700 sq ft non-distressed FSBO-$44,000-$129,000* (Median Price-$89,900); same house bank-owned $29,900-$65,000*. (*Nothing quoted here is in a War Zone)
4. What's the average rent for that same house? Depending on the subdivision: As low as $650 to as high as $1450.
5. What are the average annual taxes for that property? As a homeowner: $300-$850 / As a landlord: $1203-$1757.
6. What are the current days on the market? Approximately 63 Days from listing to sale.

Titusville is situated East Coast Central Florida-known as the Space Coast because it is adjacent to Cape Canaveral and Kennedy Space Center Complex, where the Apollo Rockets and Space Shuttles were launched from.

Our front door-the Intercoastal waterway known as the Indian River Lagoon is world renowned for its sports fishing, boating activities, eco tours, the Canaveral National Seashore and just over the bridge-the Atlantic Ocean.

We house not one but two airports, two deep water marinas, 6 Golf Resorts, and the one and only-world famous-family owned and operated-Dixie Crossroads Restaurant.

We're about 30 minutes from the real Cocoa Beach, made infamous in the "I dream of Jeannie" sitcom. Daytona (Beach-International Speedway), Orlando (Disney-Epcot-Universal Studios-Sea World-and more),and Melbourne are all less than an hour away. Tampa, St. Petersburg, Clearwater, West Palm Beach-less than 2 1/2 hours away. Fort Lauderdale and Miami (South Beach) less than four hours. It's less than five hours to Savannah or Hilton Head, Georgia and just over 6 hours to Key West-FL or Charleston-SC.

Folklore tells of how Captain Titus won the right in a game of dominoes to name the town. He spent his life loving and developing Titusville. Even on his deathbed he swore to protect Titusville. There is a drawing in our small and quaint musemum of Captain Titus standing on the coastline with his arms outstretched. To this day there has NEVER been a major hurricane or disaster to ever cross into the "city limits" of Titusville.

IF you'd like to know more about Titusville or the contracts/jobs coming open on the Cape and surrounding areas-just ask.

Thank you,

Sherri S Shelley-Marshall
sherri.shelleymarshall@ymail.com

1) City - Lexington, KY
2) Umemployment - 2012 - 6%, 2011 - 6.5%
3) Avg cost of 3/1 = $80K, 3/2 = $110K
4) Average rent - $650-$800
5)Average tax = tax rate 1.11412 - $900-$1255
6)Days on market 100

This is a great town. I have lived here almost all my life and know the good and bad areas of Lexington. There are tons of houses for sale. I have been using Dean techniques for the past two years. I love this business and would love to be one of the two that you select for Lexington. I'm ready to go to the next level. I have a background in remodeling and can estimates repair cost quickly. See you guys at the Lexington meeting on Saturday.

Here are the six questions to answer:
1. What city are you in?
St Lucie County, Florida

2. What is the current unemployment rate and what was it 12 months ago?
Current 8.17%

3. What’s the current average cost of 3 bedroom house in your area?
$110k we have properties averaging $90-120k 1,500 sqft to 1800 sqft/ $125k is the average house 3/2/2 CBS 1801-2000 sqft.

4. What’s the average rent for that same house?
$1,000-1,300 per month

5. What are the average annual taxes for that property?
$2,000 and if you are a primary residence you can apply for $50k homestead allowance

6. What are the current days on market?
depends on the deal cash investor deals sell within 10-30 days average DOM for finance buyer is 90 days St lucie county is almost out of turn-key inventory REO's properties are trickling in regularly in this the market but most need rehab work and our market is hot!. Investors are jumping on the bank wagon and buying properties for buy and hold strategies.

I hope this helps.

City: Largo, FL
Unemployment Rate: Now 7.5%, 9% 12 months ago.
Average Cost of 3BR: $135,000 (some can be as low as $80,000 or as high as 180,000 as well)
Average Rent: $925 - $1200
Average Taxes: Aprox $1,500
Current Days on Market: Average 45(some only days)

1) Omaha,Nebraska

2)Unemployment rate now 3.9% was 4.1%

3) average cost 3 bed in area code 68164 $125,000.00

4)average rent $1,000.00

5)average taxes $2,000.00/year

6)Days on market = 60-70

Dean, it is a excellent market here with a very family friendly town!! And I'm your man for this area. I'm 50 years old and have lived here my whole life. Let's talk I need your backing to get me started.

minneapolis st.paul unemployment rate 5.2%
unemployment rate 12 months ago 5.8%
avg cost 3 bdrm house 60,000
avg rent for 3 bdrm house $900.00
taxes approx. 1600 per year
avge days on market 90 days
I went off properties i would be looking at in the twin city

Hear are the six questions to answer:

1. What city are you in? Titusville, Florida (where one in four residents are renters.

2. What is the current unemployment rate and what was it 12 months ago? Latest information found was updated 11/2012-the rate was 8.5%; in 11/2011 the rate was 12.6%; the highest rate was in 8/2011 at 14.6%.

3. What's the current average cost of a 3 bedroom house in your area? Depends on the subdivision, square footage/stories, and whether bank owned or FSBO. Price range of a single story 3/2 with 1150-1700 sq ft non-distressed FSBO-$44,000-$129,000* (Median Price-$89,900); same house bank-owned $29,900-$65,000*. (*Nothing quoted here is in a War Zone)

4. What's the average rent for that same house? Depending on the subdivision: As low as $650 to as high as $1450.

5. What are the average annual taxes for that property? As a homeowner: $300-$850 / As a landlord: $1203-$1757.

6. What are the current days on the market? Approximately 63 Days from listing to sale.

Titusville is situated East Coast Central Florida-known as the Space Coast because it is adjacent to Cape Canaveral and Kennedy Space Center Complex, where the Apollo Rockets and Space Shuttles were launched.

Our front door-the Intercoastal waterway known as the Indian River Lagoon is world renowned for its sports fishing, boating activities, eco tours, the Canaveral National Seashore and just over the bridge-the Atlantic Ocean.

We house not one but two airports, two deep-water marinas, 6 Golf Resorts, and the one and only-world famous-family owned and operated-Dixie Crossroads Restaurant.

We're about 30 minutes from the real Cocoa Beach, made infamous in the "I dream of Jeannie" sitcom. Daytona (Beach-International Speedway), Orlando (Disney-Epcot-Universal Studios-Sea World-and more), and Melbourne (Brevard Zoo-Andretti Thrill Park) are all less than an hour away.

Tampa, St. Petersburg, Clearwater, West Palm Beach-less than 2 1/2 hours away. Fort Lauderdale and Miami (South Beach) less than four hours. It's less than five hours to Savannah or Hilton Head, Georgia and just over 6 hours to Key West-FL or Charleston-SC.

Folklore tells of how Captain Titus won the right in a game of dominoes to name the town. He spent his life loving and developing Titusville. Even on his deathbed, he swore to protect Titusville. There is a drawing in our small and quaint museum of Captain Titus standing on the coastline with his arms outstretched. To this day, there has NEVER been a major hurricane or disaster to ever cross into the "city limits" of Titusville.

IF you'd like to know more about Titusville or the contracts/jobs coming open on the Cape and surrounding areas-just ask.

Thank you,
Sherri S Shelley-Marshall (sherri.shelleymarshall@ymail.com)

Hope to be a Manager

1.) Mission Bend, TX (77040)
2.) Current unemployment rate - 6.8% (As of Jan. 2013 down from 7.4% in Dec. 2011)
3.) Avg. Cost - $136,000 (3 bedroom house)
4.) Avg. Rent - $1,100/Month
5.) Avg. Taxes - $2,050/Annually
6.) Avg. DOM - 65 Days

Hi Dean and Matt: I am in the Triangle area of North Carolina. This includes Durham, Chapel Hill and Raleigh and the markets are somewhat different in each area.

The triangle area is doing better than the rest of the state re unemployment rate. Wake country (Raleigh) is at approx. 7.0% down from 7.5% about a year ago. Durham county (Durham) is at about 7.2 down from 7.5% aout a year ago. Orange county (Chapel Hill, Hillsborough, Carrboro) is at 5.7%. Orange county has Duke University and Medical Center known worldwide, and UNC, University of North Carolina. Chapel Hill is close to these main employeers.

Current cost of 3 BR home: Durham--$83,990 to about $290,000 on the higher end. Raleigh area is about $276,000 overall, but there are older brick homes or ranchers for much less. Chapel Hill average cost is higher from $179,000 to about $335,000.

The average rent for a 3 BR depends on where and on condition, but is a range from $850 to about $1750 to $2200 if more luxurious.

Taxes for properites are, in Raleigh: A 200k home has taxes of about $2,239: $300k home it's $3,358, and a $400k home about $4.428 in taxes.
In the same increments, for Durham it is $1492, $2238, and for $400k home, it's $2984. In the same increments, for Chapel Hill, (orange county has the highest taxes) it's $2450, $3720, and $4960.

Current days on the market have decreased in just the last 2 months. I am guessing it's about 120 but that is a guess and I will ask my realtor tomorrow for greater accuracy.
This area of NC has incredible possibilities for investments in real estate. There are many REOs and forclosures. There is a wide range of opportunities and people are very hungry for them. NC continues to see a very high influx of people coming into the state to live. Many come from up North and of course the universities draw an international as well as local population. RTP (Research Triangle Park) is home to many corporations and their employees need places to live. It is an interesting and diverse area of the state, and a very desirable place to live.

I will get back with you tomorrow about what my realtor says about average days on the market. Thanks!
Sy

1. Arlington Texas
2. 7.40%/ 8.90%
3. 115,000
4. 800.00
5. 3144.18
6. 42 days

I am in the Florida market - Manatee County (Sarasota & Bradenton specifically) where the avg price of a 3/2 is $175,000 with avg rent of $1050, annual taxes of $800 and currently the avg DOM is 92 days; I have a duplex providing $145/mo rent with a FMV of $115,000 that I would sell for $100,000 & a 3/2 with a FMV of $75,000 & looking to rent @ $850/mo or to sell @ $65,000-$70,000. Unemployment rate in Manatee @8.1% down from 8.5% & the lowest in 4 yrs. Hillsborough unemployment @8.6%.
I also have an agent in Hilsborough where the avg 3/2 is $190,000 with avg rents @ $1100/mo, annual taxes @ $1250 and with the current DOM @ 90+ days depending on the area.
The unemployment rate in Florida is high @ 9.2% but the real unemployment rate (incl those who have given up + those moved from full to part time is closer to 15%).
I'd welcome wholesaling to you & Matt
-

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

Anchorage, Alaska

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

2012 Last Yr. 6.6%

2013 This Yr. 6.9%

Projected Job Growth ; 24.86 in 10 Years

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

For a 3-bedroom $400,000 this is the Current Cost

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

Average Rent on this Home : $1,800

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

Average Annual Taxes for this Property: $1,800.00

6. What are the current days on market?

Current Days on Market : 4

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

Anchorage, Alaska

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

2012 Last Yr. 6.6%

2013 This Yr. 6.9%

Projected Job Growth ; 24.86 in 10 Years

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

For a 3-bedroom $400,000 this is the Current Cost

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

Average Rent on this Home : $1,800

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

Average Annual Taxes for this Property: $1,800.00

6. What are the current days on market?

Current Days on Market : 4

1. What city are you in?

Kansas City, KS

2. What is the current unemployment rate

7.9%

and what was it 12 months ago?

9.3%

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

$70,659

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

$750

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

$900

6. What are the current days on market?

154 days

1) Bybee, Tennessee

2) 5.2%; 6.7%

3) $139,500 (1,500 sq. ft.)

4) $825-$1200

5) 25% of appraised value

6) 114 days

1) Bybee, Tennessee

2) 5.2%; 6.7%

3) $139,500 (1,500 sq. ft.)

4) $835-$1,200

5) 25% of Appraised Value

6) 114 days

1) Bybee, TN

2) 5.2%; 6.7%

3) $139,500 (1,500 sq. ft.)

4) $825-$1,200

5) 25% of Appraised Value

6) 114 days

As of November 2012 unemplotment 7.1%
2011 9.1%

Average cost of 3 bedroom hm. over last 6 mo. $169,900
Average auction price $50,000
Average forclosure $142,353
Average new construction $245,500 last 6 mo. 446 3 bedroom homes sold in this county. average 96%of original list price.
Annual re taxes 1.25% of sales price or$2,123.75

average days on market 97 starting to reduce greatly!

LESS THAN 1,500 HOMES ON MARKET FOR AREA WITH 825,000 HOMES (NOT RESIDENTS)

Lately with 2000 foreclosures a month continually over 5 years on average rents are beginning to rise, and 10-50-100 offers per property on good properties is common mostly cash.

1. City-Greenville, SC
2. Current Unemployment rate 8.3% as Dec. 2012
3. Average Price of 3BR- 132,000
4. Average rent $650 to $1,000 depending on area
5. Annual taxes-$1,368,00
6. DOM-100 days
Hope to be working with you ASAP!

Hope Not too late!!!

Here are the six questions to answer:

1. What city are you in? Summerville SC
2. What is the current unemployment rate and what was it 12 months ago? Current rate is 7.80, a year ago, 7.70.
3. What’s the current average cost of 3 bedroom house in your area? 130,000
4. What’s the average rent for that same house?750
5. What are the average annual taxes for that property? 2000 if not owner occupied .
6. What are the current days on market? If priced right, between 45-60 days.

1. city= knoxville
2. unemployment rate = 8.3% lowest of major cities
6.1 a year ago
3. average 3 br is 149,000
4. rent for the same house is around 1100
5. annual taxes 1,130
6 dom 15

I am the right person for this job in knoxville. I have been a bird dog for a friend. now its my turn.
I will not let you down. Im on dialysis and have way to much free time on my hands

I Live in the Orlando area But also work in the Tampa Area..My Answer are for the Orlando Area, I can get the other numbers for you

1. What city are you in?
Orlando,Fl and the Tampa Area

2. What is the current unemployment rate and what was it 12 months ago?
Right around 8% Dec 2012 and it was around 9.5% Dec. 2011

3. What’s the current average cost of 3 bedroom house in your area?
Between $150k and $195k

4. What’s the average rent for that same house?
From $1,200-$1,300

5. What are the average annual taxes for that property?
Around $2,550

6. What are the current days on market?
Up to 450

1. Victorville, CA
2. 13.3% from one year ago at 15.3%
3. $113,000
4. $1,050
5. $1.150
6. 40 days

1. What city are you in?
Manatee/Sarasota/Bradenton

2. What is the current unemployment rate and what was it 12 months ago?
Around 8.1% Down from 8.5%

3. What’s the current average cost of 3 bedroom house in your area?
Between $170k-$180k

4. What’s the average rent for that same house?
Around $1,100

5. What are the average annual taxes for that property?
Around $900

6. What are the current days on market?
Between 90 to 100