How did you become a land owner?

[Gatorboy]

<font color="blue">( How did you become a land owner? ) </font>

My story is rather simple. There was a FOR SALE sign on this property. My wife and I walked it several times. We made an offer and it was accepted. We then wrote a check and the land became ours.

 

[Gatorboy]

<font color="blue">( How did you become a land owner? ) </font>

My story is rather simple. There was a FOR SALE sign on this property. My wife and I walked it several times. We made an offer and it was accepted. We then wrote a check and the land became ours.

 

[EddieWalker]

I sold my house, quite my job and moved to Texas with the sole mission of building an RV Park. I had a large piece of land under contract and several banks interested in financing me in building an RV Park.

After getting here, the land deal fell apart and I was back to looking. It took another year to happen, but I was able to put together quite a deal.

250 acres came up for sale well below market value. The realator was from several counties away and the land owner was ever further away. They never posted the land as being for sale, nor was it in the MLS listing.

I found it in a very small ad in the local sunday paper classifieds.

After looking it over, I realized that I needed the land next to it also in order to have highway access and city utilities. The land was owned by a nationwide company. It took a few weeks just to find out who to talk to about buying land from them, then another month to get a meeting and several more months to work out a deal.

Then there was another piece of land that would tie it all together real nice to allow me to develop it how I wanted. That was even more complicated and to make it even worse, I didn't want to buy one parcel without the others.

It was an interesting contract with a ton of conditions that cost me a few grand extra, but in the end it worked out.

I couldn't afford all of it, so I took my ex's cousin in as a partner and bought 303 acres. I had two banks ready to provide the loan for the Park, but he stalled and ended up backing out of the hole deal after a year of issues. Then he wanted out of the land and his money back. It was costing me $2,000 a month in payments and now I need to get rid of him. LOL

It took a year and allot of scrampbling, but I was able to subdivide the land into three parcels and sell of two of them to the same guy. Each had a different price per acre and I was able to seel off enugh to pay my partner off and own 68 acres ourtright with a little left over.

It was an emotional nightmare that caused me more stress than anything else in my life. I was very close to going broke during the entire ordeal and scared that I couldn't pull it off in time.

In the end, it worked out great, but I'd never recomend going about it the way I did. /forums/images/graemlins/grin.gif

Eddie

 

[EddieWalker]

I sold my house, quite my job and moved to Texas with the sole mission of building an RV Park. I had a large piece of land under contract and several banks interested in financing me in building an RV Park.

After getting here, the land deal fell apart and I was back to looking. It took another year to happen, but I was able to put together quite a deal.

250 acres came up for sale well below market value. The realator was from several counties away and the land owner was ever further away. They never posted the land as being for sale, nor was it in the MLS listing.

I found it in a very small ad in the local sunday paper classifieds.

After looking it over, I realized that I needed the land next to it also in order to have highway access and city utilities. The land was owned by a nationwide company. It took a few weeks just to find out who to talk to about buying land from them, then another month to get a meeting and several more months to work out a deal.

Then there was another piece of land that would tie it all together real nice to allow me to develop it how I wanted. That was even more complicated and to make it even worse, I didn't want to buy one parcel without the others.

It was an interesting contract with a ton of conditions that cost me a few grand extra, but in the end it worked out.

I couldn't afford all of it, so I took my ex's cousin in as a partner and bought 303 acres. I had two banks ready to provide the loan for the Park, but he stalled and ended up backing out of the hole deal after a year of issues. Then he wanted out of the land and his money back. It was costing me $2,000 a month in payments and now I need to get rid of him. LOL

It took a year and allot of scrampbling, but I was able to subdivide the land into three parcels and sell of two of them to the same guy. Each had a different price per acre and I was able to seel off enugh to pay my partner off and own 68 acres ourtright with a little left over.

It was an emotional nightmare that caused me more stress than anything else in my life. I was very close to going broke during the entire ordeal and scared that I couldn't pull it off in time.

In the end, it worked out great, but I'd never recomend going about it the way I did. /forums/images/graemlins/grin.gif

Eddie

 

[Egon]

For me getting to be a landowner was a two step operation. Make some money. Hand said money over to a lawyer to make the transaction. /forums/images/graemlins/grin.gif

Egon

 

[Egon]

For me getting to be a landowner was a two step operation. Make some money. Hand said money over to a lawyer to make the transaction. /forums/images/graemlins/grin.gif

Egon

 

[Captinjack]

Since childhood, I've always wanted some property to call my own. Not just a house, but some LAND.

I travel for a living as a field engineer and in 1979 I got divorced and became a single parent of a just 9 yr old son. No longer could I travel here and there so I accepted a long term assignment to the hills of WV where I could be home every day.

I met another avid hunter who worked at the power plant and we became best friends. After a hard day of walking those "killer" hills of WV we would often talk about my desire to own some property, however, I knew it would never be possible as property is too expensive. He told me had an option to purchse a parcel nearby and was considering buying it. I was envious when he showed me the preliminary contract as it was really inexpensive with an unheard interest rate of 8%. In 1982, Jimmy Carter had the interest rates around 15%.

The long term job ended after a year and we returned home to central PA and I took an office job with the same company. My best friend from WV and I maintained contact and we traded week long hunting trips annually.

I always buy something big for my birthday and this time it was going to be a new car. The day before I was to pick it up, my WV buddy calls to say that he either has to buy the property or give up his option and would I like to buty it. Well, 2 wks later I was the owner of 75 acres of WV mountain and I couldn't believe it. I took some of my buddies down to look at the property and told them that I really only wanted to have the property so I couldn't say that "once upon a time I coulda, woulda, shudda" and that I just wanted to have the property so I would have it when I wanted to retire. I had no plans to use the property at all. Taxes for the first 17 yrs ran between $29 and $39 per year so I had no trouble just letting it sit there. I would start making payments to the owner with nothing down. The car and the property cost the same. Oh well.. I just drove that 65 Pontiac for a few more years instead of buying the new car.

Well.............that never happened and I've been traveling down to the deer camp every chance I get. I finally got a tractor and now I am really having a ball.

The place is a secludee end of the hollow and I own over the top of the ridges all the way around so that my view will always be the way I want as no one can encroach. If you can see my cabin, you are either trespassing or in an airplane.

After 24 years, the place has really become special to me and my son who is now taking an active interest in the property and is a great help to his aging pop.

I really wasn't looking for property........it sort of just found me. I always say "If you live right.....You will feel right and be right"

 

[Captinjack]

Since childhood, I've always wanted some property to call my own. Not just a house, but some LAND.

I travel for a living as a field engineer and in 1979 I got divorced and became a single parent of a just 9 yr old son. No longer could I travel here and there so I accepted a long term assignment to the hills of WV where I could be home every day.

I met another avid hunter who worked at the power plant and we became best friends. After a hard day of walking those "killer" hills of WV we would often talk about my desire to own some property, however, I knew it would never be possible as property is too expensive. He told me had an option to purchse a parcel nearby and was considering buying it. I was envious when he showed me the preliminary contract as it was really inexpensive with an unheard interest rate of 8%. In 1982, Jimmy Carter had the interest rates around 15%.

The long term job ended after a year and we returned home to central PA and I took an office job with the same company. My best friend from WV and I maintained contact and we traded week long hunting trips annually.

I always buy something big for my birthday and this time it was going to be a new car. The day before I was to pick it up, my WV buddy calls to say that he either has to buy the property or give up his option and would I like to buty it. Well, 2 wks later I was the owner of 75 acres of WV mountain and I couldn't believe it. I took some of my buddies down to look at the property and told them that I really only wanted to have the property so I couldn't say that "once upon a time I coulda, woulda, shudda" and that I just wanted to have the property so I would have it when I wanted to retire. I had no plans to use the property at all. Taxes for the first 17 yrs ran between $29 and $39 per year so I had no trouble just letting it sit there. I would start making payments to the owner with nothing down. The car and the property cost the same. Oh well.. I just drove that 65 Pontiac for a few more years instead of buying the new car.

Well.............that never happened and I've been traveling down to the deer camp every chance I get. I finally got a tractor and now I am really having a ball.

The place is a secludee end of the hollow and I own over the top of the ridges all the way around so that my view will always be the way I want as no one can encroach. If you can see my cabin, you are either trespassing or in an airplane.

After 24 years, the place has really become special to me and my son who is now taking an active interest in the property and is a great help to his aging pop.

I really wasn't looking for property........it sort of just found me. I always say "If you live right.....You will feel right and be right"

 

[scott_vt]

Good question!!!

I went to an antique tractor show back in the 90's. Fell in love with some old red tractors spelled Farmall /forums/images/graemlins/grin.gif In 2000 I bought a 42 Farmall A and redid the tractor and I was hooked /forums/images/graemlins/grin.gif I knew my 1 acre in Ct was not going to cut it so I bought land in Vt, a state that I have loved for many years. Found a spot I liked in AG country. I needed a place to play on my red toys /forums/images/graemlins/grin.gif

The rest is history /forums/images/graemlins/grin.gif

 

[scott_vt]

Good question!!!

I went to an antique tractor show back in the 90's. Fell in love with some old red tractors spelled Farmall /forums/images/graemlins/grin.gif In 2000 I bought a 42 Farmall A and redid the tractor and I was hooked /forums/images/graemlins/grin.gif I knew my 1 acre in Ct was not going to cut it so I bought land in Vt, a state that I have loved for many years. Found a spot I liked in AG country. I needed a place to play on my red toys /forums/images/graemlins/grin.gif

The rest is history /forums/images/graemlins/grin.gif