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All Forum Posts by: Shequann Burrwell

Shequann Burrwell has started 149 posts and replied 328 times.

Post: 40 high st, Bloomingburg Ny

Shequann BurrwellPosted
  • Wholesaler/rehabber
  • Arcadia, FL
  • Posts 341
  • Votes 22

 A colleague of mine is trying to get rid of this property its a single family converted into a 2 family. asking 219k message with questions. *all info is directly copied from emails between me and the controlling party. info was skimmed threw before posting but may have missed some details.*

40 High St, Bloomingburg, NY 12721

3 beds, 2 baths, 1,841 sqft

This home is in the Pine Bush School District. The nearest schools are Other, Other and Pinebush High School.

The property was built in 1970. 40 High St is in the 12721 ZIP code in Bloomingburg, NY.

The average list price for ZIP code 12721 is $242,931 according the website, trulia.

Repairs: Minimum <> none

Property Taxes and Assessment for 40 High St

YearTaxAssessmentMarket
  • Recording Date04/21/2005
  • Contract Date04/13/2005
  • Sale Price

    $165,000

  • Price Type

    Full amount stated on Document.

  • Transaction Type

    Purchase/Resale Arm's Length Residential Transaction

  • Recording Date05/08/1998
  • Contract Date04/15/1998
  • Sale Price

    $30,000

  • Price Type

    Full amount stated on Document.

  • Transaction Type

    Purchase/Resale Arm's Length Residential Transaction

Public Records for 40 High St

Official property, sales, and tax information from county (public) records as of 09/2013:
    • Single Family Residential
    • 1,841 sqft
    • Stories: 1 story with basement
    • Basement: Full Basement
    • Tax Rate Code Area: 332601
    • 3 Bedrooms
    • Lot Size: 10,454 sqft
    • Heating: Forced air unit
    • Style: Ranch/Rambler
    • 2 Bathroom
    • Built In 1970
    • Exterior Walls: Composition
    • County: Sullivan

Neighborhood Price History

Year# of SalesMedian PriceMedian Sq. Ft.Median $ per Sq. Ft.Value at Median $ per Sq. Ft.
20141$230,0001,800$127$144,133
20132$214,5001,560$137$155,100
20121$155,0002,492$62$70,160
20112$146,9002,340$75$85,238
20081$261,0001,152$226$255,562
20071$175,0001,320$132$149,545
20062$289,9002,393$198$224,448
20051$165,0001,128$146$165,000
20031$189,0001,674$112$127,354
20021$75,0001,056$71$80,113
Property TaxProperty tax is calculated by multiplying the assessed value with the corresponding tax rates.
Current tax represents the amount the present owner pays, including exemptions or reductions.
Base tax is an estimate of what an owner not benefiting from tax exemptions or reductions would pay.
Nevertheless, actual taxes might differ from the figures displayed here due to various abatement and financial assistance programs.
Tax descriptionAssessed valueExemptionTaxable valueTax rateTax amount
Sullivan County$49,800-$0=$49,800*10.2300‰=$509.45
Town of Mamakating$49,800-$0=$49,800*6.8600‰=$341.63
Village of Bloomingburgh$49,800-$0=$49,800*6.7000‰=$333.66
Pine Bush School District$49,800-$0=$49,800*32.8500‰=$1,635.93
Current tax=$2,820.67
Base tax$49,800*56.6400‰=$2,820.67

Assessment History

Hide
YearProperty classMarket valueAssessment valueTotal tax rateProperty tax
2011One Family Year-Round Residence$84,000$49,80050.6‰$2,519.88
2010One Family Year-Round Residence$94,200$49,80045.29‰$2,255.44
2009One Family Year-Round Residence$106,867$49,800n/an/a

Demographics By Zip Code

Hide Profile of Zip Code
Pop 20005513
Female pop2776 (50.4%)
Male pop2737 (49.6%)
Households2195 (87.7% occupied)
Home owners1537 (70.0%)
Renters388 (17.7%)
Misc density pop257.3
Misc density area21.43
House average household2.9

Age Distribution

Post: section 8 12% ROI in Georgia

Shequann BurrwellPosted
  • Wholesaler/rehabber
  • Arcadia, FL
  • Posts 341
  • Votes 22

would anyone be interested in

 Price: $3,750,000 ($48,701.30 per house)

-77 doors of rental income. 95% to 98% Section 8.

-73 single family houses in Macon, GA with a 98% occupancy rate and 95% Section 8 tenants

-2 duplexes in Macon, GA with a 100% occupancy rate and 100% section 8 tenants

-An ROI of 11.59% in year one & up to 12.63% in year four

-Section 8 rents are deposited automatically in to the management account between the 1st and 6th of the month without fail. This type of rent is referred to as Mailbox rent, because it always shows up like clock work!

im working on this deal with another investor and to avoid the deal floating all over the internet a NCND is required before moving forward  and hey are direct to seller and will only entertain a buyer or a direct to buyer relationship on this. 

if interested do please message me, call, text, or email me thank you!

Post: foreign investors

Shequann BurrwellPosted
  • Wholesaler/rehabber
  • Arcadia, FL
  • Posts 341
  • Votes 22

cost isnt a issue for the phone calls. i actually tryed to dial the numbers but got a error from the phone company each time.

trader joes best customer right here! I'd tear down and rebuild. good luck

Post: partner with me and ne of my buyers

Shequann BurrwellPosted
  • Wholesaler/rehabber
  • Arcadia, FL
  • Posts 341
  • Votes 22

so here is the situation. I mainly wholesale so ROI is estimated just based on what the house can sell for in that market. I have a new investor that wants high ROI properties already rehabbed and with tenants a good management in place. from what they have informed me price isn't a factor since they buy based on the ROI mainly Duplexes and SFH and quads. what I propose is partnering with other investors that have high ROI properties that fit the rest of the criteria and present them to this buyer. any one interested do please feel free to contact me.

p.s. please no one send me that ohio complex thats been floating around

Post: foreign investors

Shequann BurrwellPosted
  • Wholesaler/rehabber
  • Arcadia, FL
  • Posts 341
  • Votes 22

Recently I have had a few foreign investors contact me on linkedin interested in some of my bigger deals I have with other wholesalers. not thats all fine and dandy but my issue is that i cant contact them since there phone numbers are local to their home country. i have also noticed that emails are rather slow with them. how should I move forward to get these deals done? Also do any diffrent contracts need to be drawn up to accommodate the investor being out of the country.And lastly how should funds be transferred bank wire, mail a check etc?

Post: seeking partner in detriot and nyc area

Shequann BurrwellPosted
  • Wholesaler/rehabber
  • Arcadia, FL
  • Posts 341
  • Votes 22

im seeking partners in detroit and nyc for buyers looking for multifamily properties in those areas. if you are interested PM me or just check out my profile for ways to contact me. thanks!

Post: funding partner contract

Shequann BurrwellPosted
  • Wholesaler/rehabber
  • Arcadia, FL
  • Posts 341
  • Votes 22

I was looking for a idea of what a partnership like this would require contract wise. usually with wholesalers we just agreed on a verbal contract, honesty and trust, but this a bit diffrent where he is a providing the money for the purchase and rehab then I manage the rehab and sale of the property and any local stuff.

Post: funding partner contract

Shequann BurrwellPosted
  • Wholesaler/rehabber
  • Arcadia, FL
  • Posts 341
  • Votes 22

@Jscott @Chris Martin I'm not actually borrowing the money im partnering with him to purchase rehabs and splitting the profit after the rehab is sold. We are doing one to start and if all goes well we will continue the partnership and purchasing a lot more in the future.

Post: When Medicaid takes someone's home...

Shequann BurrwellPosted
  • Wholesaler/rehabber
  • Arcadia, FL
  • Posts 341
  • Votes 22

Sounds like a great niche to market to