Latest news with #Burgess'
Business Insider
09-05-2025
- Business
- Business Insider
A 24-year-old learned about real estate investing on TikTok. Now he plans to convert a $2 million motel into apartments.
In 2023, he came across videos about wholesaling, a real-estate investing strategy in which people act as scouts for other investors. They search out under-the-radar properties, secure a contract with the seller, and then resell that contract to another buyer for a profit. Burgess started out finding a home listed for auction on Zillow in Clinton, South Carolina, a small town of 7,700 an hour north of Columbia. He sold the contract to the home to another buyer through Facebook Marketplace, making a $5,000 profit. That first deal opened Burgess' eyes to the potential of a career in real estate. At the time, he wasenrolled at Francis Marion University and working at Waffle House. "You can truly learn about building wealth and how opportunities can open up to you," Burgess, now 24, told Business Insider. So far, Burgess has sold 10 contracts. His investment firm, Burgess Legacy Investments, also runs short-term rentals and invests in local businesses, including restaurants. Now, he's gearing up for his biggest project yet: buying a rundown motel and turning the rooms into affordably priced studio apartments. The hotel conversion plan includes keeping rents low Burgess launched what he's calling the Affordable Housing Project Initiative this year with the intention of buying an 80-room motel in his hometown of Manning, South Carolina, about an hour and a half south of Columbia. He plans to turn it into 40 studios with rents under $950 a month, utilities included. Zillow only shows one home currently for rent in Manning, a four-bedroom house asking $1,700 a month. "If we're seeing this need within the place that we grew up in, we've got to do something," Burgess said. Burgess specifically searched for motels that appeared to be neglected by their owners, looking for outdated, spam -filled websites and non-working telephone numbers. He found a 1980s-built hotel that was originally a Howard Johnson's before its previous owners took it independent. Burgess said that the building is showing signs of distress; photos from online hotel reviews show a rusty fence and dirty pool. Currently, he's under contract for the property at $2.45 million, with a down payment of $300,000 set aside from his other investing streams, according to a November 2024 contract Burgess shared with Business Insider. He told BI that he has since negotiated the terms down to a $2.3 million purchase price and a $150,000 down payment, and that his expected monthly payment on the debt is $18,500. Burgess is seeking additional funds for the hotel conversion First, Burgess is asking local religious groups that have set aside money to support affordable housing to help fund the motel renovation. Burgess also reached out to Peyton Vanest, a 26-year-old content creator based in Pittsburgh who has over 700,000 followers on TikTok. Vanest, whose content mostly centers on progressive politics, has urged his followers to donate as little as 50 cents or $1 to GoFundMe he set up if they support Burgess' vision. thank you for watching until the end. lets crush this original sound - Peyton
The Herald Scotland
29-04-2025
- Politics
- The Herald Scotland
New proposal could see tenants allowed to withhold rent
Ms Burgess' said her proposal would ensure major issues such as damp, mould, broken floorings and problems relating to heating and hot water systems are repaired promptly, so that private housing stock is maintained to a safe standard. She said the amendment, backed by housing rights campaigners Living Rent, would also make the tribunal process, which deals with complaints, easier for tenants as landlords who act in bad faith would have to prove they have done enough to resolve the issue to unlock the withheld rent. READ MORE: Second homes tax could double in Scotland's tourist hot spots Second home owners 'should not be blamed' for housing shortages Christina McKelvie death triggered Jamie Greene defection from Tories to Lib Dems 'My proposals will make it easier for renters to stand up to rogue landlords and to get vital repairs done quickly," she said. 'At the moment, renters can do little except threaten to take their landlords to tribunals, which can be time consuming and stressful, and the burden of the tribunal falls on the renter. 'My amendment, which is backed by Living Rent, would allow tenants to withhold rent if their landlord hasn't fixed serious issues within a timeframe of 30 days of being notified about them." She added: 'Renters should expect their homes to be maintained to the same standard as any other. But in some cases, there are landlords who simply feel it is okay to take rent and let their properties fester with damp, mould and serious problems that significantly impact health and wellbeing. READ MORE: Call to cut the number of Scottish health boards from 14 to three Here's one good reason I'm glad I moved to Scotland Alba not to stand a candidate in by-election 'out of respect' to late MSP 'While not all landlords let this happen, and many will be encouraged to keep up the good work, there are some bad faith actors who fail to maintain their properties. For those who rent these properties, it can be a miserable experience. People in this situation need more support and the power to make sure major repairs happen.' Scottish Association of Landlords chief executive John Blackwood called for "robust enforcement" of existing laws to tackle rogue landlords. He said: 'What we need is robust enforcement of current legislation through landlord registration, to remove rogue and criminal landlords from the sector who give law-abiding landlords a bad name.' Ms Burgess's amendment to the Housing Bill is one of a series made by the Scottish Greens. Others tabled by the party include proposals to allow ministers to increase the tax paid on purchases of holiday homes should they be located in new rent control areas which may be introduced north of the Border. The Greens want ministers to raise the levy, known as the additional dwelling supplement, to 16% of the purchase price from the current level of 8%. More than 400 amendments to the Housing Bill have been tabled. The proposals will begin to be debated today by MSPs on Holyrood's local government, housing and planning committee. The legislation will be voted on later at its final parliamentary stage - stage three - in the Holyrood chamber and if passed would allow councils to create rent control areas where rent is capped to certain levels. Ministers have tabled an amendment proposing that rent rises are capped to the rate of inflation plus 1% to a maximum of 6%. The Scottish Government has also set a target date for local authorities to make market assessments and recommendations on whether or not to introduce rent control areas. The new date is May 31 2027. Responding to the Greens's amendments, a Scottish Government spokesman said: 'A number of amendments have been lodged by opposition MSPs at stage 2 of the Housing (Scotland) Bill and will be considered by the Local Government, Housing and Planning Committee.'
Yahoo
24-04-2025
- Sport
- Yahoo
Ashton hat-trick helps Warrington surge to Super League win against St Helens
Warrington continued their dominance over St Helens to record a seventh straight victory over their local rivals and hand Sam Burgess' side a much-needed win to alleviate the early-season pressure on the Wolves. Burgess' men came into this game ninth with just four wins from their opening eight games. However, despite once upon a time winning just one of the first 37 meetings between these teams in Super League's early years, these days, the balance of power is much more in the Wire's favour. Advertisement They have now won seven in a row against the Saints, including three in the past five weeks, one of which was a Challenge Cup quarter-final victory earlier this month. Here, despite being without the England captain, George Williams, due to injury, they were worthy winners against a St Helens side with their own mounting issues. Paul Wellens' side look a shadow of the team who won four consecutive league titles between 2019 and 2022 – and have now lost 13 consecutive games against the teams who finished in the top three last year: Wigan, Hull KR and Warrington. They look anything but a side capable of mounting a push for the Grand Final as it stands. The Wire were much the stronger of the two sides in the early exchanges, aided largely by some horrendous errors by the Saints. On several occasions, their senior players turned the ball over cheaply and it handed Warrington numerous opportunities that eventually they would capitalise upon. They went ahead when Toby King crossed, before a brace from Matty Ashton opened up a commanding lead for the hosts. In response, Jon Bennison had finished a fine team move for the Saints, but as half-time approached they came alive. Despite being fairly sub-par for most of the half, they somehow went in at the break only two behind. Advertisement That was thanks in no small part to two magnificent finishes from Mark Percival, who cut through the Warrington defence twice inside five minutes to make it 16-14. The withdrawal of Marc Sneyd following a head knock would have buoyed St Helens, but within six minutes of the restart they had fallen further behind once again as Ashton completed his hat-trick with a spectacular flying one-handed finish to open up a six-point lead. Yet despite having neither of their senior half-backs on the field, it was Warrington who always looked more likely to score again next. That crucial moment arrived with 15 minutes to go, as the Wolves worked the ball right to allow Rodrick Tai to ground before Matt Dufty cut through some insipid Saints defending to put the result beyond doubt. The Saints did score a consolation through Bennison, but there was no doubting which side deserved to win here.
The Guardian
24-04-2025
- Sport
- The Guardian
Ashton hat-trick helps Warrington surge to Super League win against St Helens
Warrington continued their dominance over St Helens to record a seventh straight victory over their local rivals and hand Sam Burgess' side a much-needed win to alleviate the early-season pressure on the Wolves. Burgess' men came into this game ninth with just four wins from their opening eight games. However, despite once upon a time winning just one of the first 37 meetings between these teams in Super League's early years, these days, the balance of power is much more in the Wire's favour. They have now won seven in a row against the Saints, including three in the past five weeks, one of which was a Challenge Cup quarter-final victory earlier this month. Here, despite being without the England captain, George Williams, due to injury, they were worthy winners against a St Helens side with their own mounting issues. Paul Wellens' side look a shadow of the team who won four consecutive league titles between 2019 and 2022 – and have now lost 13 consecutive games against the teams who finished in the top three last year: Wigan, Hull KR and Warrington. They look anything but a side capable of mounting a push for the Grand Final as it stands. The Wire were much the stronger of the two sides in the early exchanges, aided largely by some horrendous errors by the Saints. On several occasions, their senior players turned the ball over cheaply and it handed Warrington numerous opportunities that eventually they would capitalise upon. They went ahead when Toby King crossed, before a brace from Matty Ashton opened up a commanding lead for the hosts. In response, Jon Bennison had finished a fine team move for the Saints, but as half-time approached they came alive. Despite being fairly sub-par for most of the half, they somehow went in at the break only two behind. That was thanks in no small part to two magnificent finishes from Mark Percival, who cut through the Warrington defence twice inside five minutes to make it 16-14. The withdrawal of Marc Sneyd following a head knock would have buoyed St Helens, but within six minutes of the restart they had fallen further behind once again as Ashton completed his hat-trick with a spectacular flying one-handed finish to open up a six-point lead. Yet despite having neither of their senior half-backs on the field, it was Warrington who always looked more likely to score again next. That crucial moment arrived with 15 minutes to go, as the Wolves worked the ball right to allow Rodrick Tai to ground before Matt Dufty cut through some insipid Saints defending to put the result beyond doubt. The Saints did score a consolation through Bennison, but there was no doubting which side deserved to win here.
Yahoo
27-02-2025
- General
- Yahoo
Missing WWII soldier from Central City accounted for
HENDERSON, Ky (WEHT) – A soldier from Central City reported to be killed in action in World War II was accounted for by the Defense POW/MIA Accounting Agency. Officials said U.S. Army Pfc. Kenneth D. Burgess was accounted for on September 13, 2024. Officials state in September 1943, Burgess was assigned to Company B, 4th Ranger Battalion 'Darby's Rangers' in the Mediterranean Theater. Officials say on September 25 of that year, Burgess was reported killed in action in the vicinity of the Sala, Italy, during Operation AVALANCHE. Officials say his body was not recovered, and the Germans never reported him as a prisoner of war, so the War Department declared him non-recoverable on May 10, 1948. In 1947, Army Graves Registration Service investigators recovered remains from a cemetery in the village of San Nicola. Said remains were designed as X-152, but investigators were unable to associate X-152 with nearby casualties. The remains were interred at U.S. Military Cemetery, Nettuno, which is now Sicily-Rome American Cemetery. Officials state in 2019, while studying unresolved American losses in Operation AVALANHCE, a historian compiled unit records, company morning reports and grave registration records that indicated Burgess was likely lost in the vicinity of the X-152 recovery location, so members from the Department of Defense and the American Battle Monuments Commission disinterred the remains in March 2022 and sent them to a DPAA lab for identification. To identify Burgess' remains, scientists used anthropological, circumstantial and mitochondrial DNA analysis. Officials state Burgess' name is recorded on the Walls of the Missing at Sicily-Rome American Cemetery, and a rosette will be placed next to his name to indicate he has been accounted for. Burgess will be buried in Central City in May 2025. Eyewitness News. Everywhere you are. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
