Dean Graziosi Weekly Wisdom #219 - Being an Area Manager

Still working with PropertyDirect & Guardian Law to get closing docs for 2 Michigan properties adjusted or a credit back so we can close. I still haven't seen any closing docs for the Alabama property yet. I hope they come soon as the issues affecting the Michigan props don't affect the Alabama place except vacancy due to a pre-existing issue. I'm working with a couple in Oakland, CA. We're all working jobs but get together on weekends to work on getting some assignments or bird dog deals. Gotta pay back our loans...

I wish I had MORE TIME to work on this every day! I keep saying I will leave my job by 07/13/13 & work r.e. FULL time. Onward & Upward. We'll probably see if you or PropertyDirect want any deals we find. Ha

Thank you Dean and Matt for giving us more opportunity to become your area manager. First I want to Welcome you to our Paradise! known as the "Charm of the Texas Coast" The city of Rockport and Fulton, Texas.

Here is the Market Trend in our area

Our City is Rockport, Texas 78382 and Fulton, Texas 78358. Fulton is a little community inside the City of Rockport.

The Unemployment rate last July 2012 is 7% and now it is 6%. The job growth is 3% and the Future job growth in the next ten years is calculated to be 39.20%

---- Newer Homes---Off Water----

The average homes for 3 bedrooms 2 bath for a newer home built after 2005 with 1500 sq. ft and up. is $165,000.
The average rent for this homes is between $1,200.00 to $1,500.00 a month.
The average tax on this house is $2,600.00 a year.
The average days on the market is 120 days

---- Older Homes--- Off Water---
The average cost for an older home built before 2005 with 1,200 sq. ft. to 1,500 sq ft. is $125,000.00
The average rent for this home is between %1,000.00 to $1,200.00.
The average tax on this home is $1,500.00.
The average days on market is 120 days.

----Water front/Bay Front/Canal Front Homes---

The average cost of homes is $400,000.00
The average cost of tax in homes is $6,409.
The average days on Market is 160 days.
The average rent Long Term start from $2,000.00 and up

The average rent for a short term rentals is as follows:
$500.00 to 750 per night
$3,000.00 to $4,000.00 per week
$5,500,00 to $$7,000.00 per 2 weeks
$7,500,00 to $12,000.00 per month

We cover part of the nicest area and best location on water front in the Coastal Bend of Texas. My area includes my home town, Rockport, the City of Fulton, Aransas Pass, Ingleside, Portland, Corpus Chtisti, South Padre Island, Austwell and Bayside.

Right now we are in demand of rental properties. Rental properties will not last for a week as long as price right competitively.
Winter Texans and Snow Bird stays here in the Winter time for at least 4 months, and rentals is always in demand.
In Summer time Fishermans up North and Water lovers stays here for fishing and bird watching etc. You will Fall in Love with Rockport Fulton area like everybody. Looking forward to be selected as your area manager. Thanks.

Thanks Dean once again for a burst of enthusiasm and encouragement!I want to make this my full time occupation and eventual retirement as I'm in my early fifties and looking ahead. Please keep doing what you are doing, pushing all of us to succeed.
Hope to hear from you and Matt soon!
Bring it on!

I am pleased with this push to get me going I need all that I can get. To fulfill any of this dream is a total must there is not much else in the life save a giver.

1)What city am I in? 33068 (Pompano Bch,Fl)

2) Unemployment rate for 33068? Currently 7.63% Last yr. 9.63

3) Average Price of 3bd? $109,280

4) Average Rent for a 3br? $1450 (range$1250-1600)

5) Average Annual Taxes? $1968

6) Average DOM? 65

In this zip, 31% of all households are rentals. Home prices have depreciated about 64% over the past 5yrs and they are 19% lower than the Pompano Bch average.
I have a florida & NC real estate license. I also have a appraisers trainees license in both as well. I have been an active member of BREIA and MREIA since 2006 and I am thoroughly family with what the real estate community is doing in all fascites of the industry in Broward and Dade counties.
I also have the experience of coordinating and managing rehabs. My cousin (and partner) is a General Contractor and can provide accurate cost estimates of any work required.
I would also be interested in being your property manager for the real estate purchased in the area as well.
This is a perfect fit! Like Cinderella and her Glass Slippers, Dorothy and the Ruby Red Slippers!!! I can't think of a greater opportunity for myself than partnering up with you two. "Like Minded=Greater Results"

Eveytime I watch your blogs it pumps me up. I just left my rehab contractor from another proerty that I'm putting a offer on. Just to let you know my second property has been completed being rehabbed and is listed to be sold. That profit should be in the $25,000 range again.

This 3rd project should take approximately 3 months for gut job. This should bring a profit of 30K.

I would like to finish by saying once you have your power team in place things then start to happen. Its taken me a year but when the rubber meets the road and profits start to happen its way exciting.

Thanks again for all your wisdom!!!

Tom

Hey Dean,
Thanks so much for the information I received in the fast track pamphlet to wholesaleing. You are a great inspiration to me and my greatest motivator at this time in my venture in this new life changing opportunity. I am so hoping to become of your area managers. that would truly be a blessing!!!

If there is anybody down you guys charged them up. I'm charged and the feeling is good.

Thanks again for the push and motivation Dean

Thank you! Thank you!! Thank you!!!
For pushing, pushing and pushing... and ....!!!

Dean, amazing as always. I am so glad I found DG and excited to work with you.

Great stuff, Dean, thanks! I would love to be an area manager for you here in Jersey...would love to see what your algorithim says about my area. It will be ineresting to see what Hurricane Sandy has done to our real estate market in the long term. One thing it has done has made the rental market skyrocket!! There are so many short sales and foreclosures available. There is also so much this area has to offer: the shore, new industry moving in: Walmart, Home Depot, Restaurant Depot, TArget, Wegman's and Starbucks Galore. Looking forward to what your research reveals. I've got my first deal on the rail and I'm working it remotely here from Nevada where I'm visiting with my NEW GRAND DAUGHTER!!! Back to work then good night! Blessings to all!

Hey Dean,

I've been a tad late getting all
this REI business going, yet I
went ahead and posted all the
details for the area manager
assignment in the WW video you
made about it - and regardless
of who I'm working with
I'm ready to make this happen!!

Thanks for being relentless and
pushing us because it means a
lot - I noticed that when I was
typing this in there were only
21 registered users on the sidebar
of the forum & about 251 guests just
looking around - I know that you
will have an impact on everybody
here by continuing to push us and
I hope that more of the guests realize
that the time is NOW to take advantage
of this amazing opportunity in REI.

Thanks for this WW!!! [Peace!]

Dean,

This is the information of puerto rico.

1.Unemployment en of 2012, 13.1.
6 month ago, 14.2.

2.Average 3 bedroom house $115,000 to 140,000.

3.Rent $500.00 to 700.00.

4.Average taxes 8%.

5.Current days in the market 100 days.

I hope you find it useful and take it in consideration.

j. cruz

Thank you for all that you do! Yes, keep pushing us!

Hey Carol,

What part of texas are you in?