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Why don't you just buy an abandoned town? There are some in the West. A lot of the infrastructure (roads, water, sewer) would already be in place, along with buildings that could be renovated, and if you incorporate as a city you could run your own building and planning department.
This is an interesting concept. I have to look into it when im not at work. The filters block the link you posted.
Quote:
Originally Posted by VTsnowbird
I would be just as worried about legal problems as water. The way I could see this working is if one person owned the land and rented to the tiny house owners.
Look at it this way, Scenario A - 10 people all jointly own the whole place. Well runs dry and we need $30,000 to drill a new well. Four of the owners don't have the money, or are unwilling to spend it. Now what are you going to do?
Scenario B - owner ups the rent to cover the cost of the new well, people who don't want to pay can leave or get evicted.
Or if you all own it jointly and one person gets in a car wreck with a bus full of school kids. Is everyone going to lose their investment when wreck person gets sued for the only asset he has?
I gotta agree with Harry, do a LOT of reading about these kind of communities and what can go wrong and why they fail.
I'd ideally set up as an LLC for that reason. As for the unexpected costs, we would all pay dues that would cover maintenance. The first 2 years we would be at risk, but afterwords maybe set up a business line of credit or something?
Can one buy land privately rather than buying real estate? Im failing to connect the dots here, yet im very interested. My goal is to have a larger home for "family style dinners" areas to hang out and lounge, rooms for whatever we wanted to set up, then we would each have our own small tiny house as a personal dwelling. That way we can have privacy with the comfort of hanging out in a large group if we wanted to. I have a feeling building codes won't fancy our plan, hence the interest in this private property you're talking about.
Yes, you can buy "by owner" privately or go through a real estate company. It will make no difference once you own it. Just make sure to research whether there are any restrictions on the land. I'm a realtor in my area. We sell lots of vacant land here.
Yes, you can buy "by owner" privately or go through a real estate company. It will make no difference once you own it. Just make sure to research whether there are any restrictions on the land. I'm a realtor in my area. We sell lots of vacant land here.
So what kind of things can I watch for? Vacant land is something I don't know a lot about.
I know of one person who bought land with a "no farm animals" restriction on the deed.
I looked at a place that said "no cows, pigs, or goats"
In S. IL, most of the land has had all the coal sold out from under it
so you may not have mineral rights. Timber may have also been sold,
even if it is still there, you wouldn't own, and trees above a certain
diameter may require permission to cut.
These things must be spelled out before you buy, at least in most states.
I know of one person who bought land with a "no farm animals" restriction on the deed.
I looked at a place that said "no cows, pigs, or goats"
In S. IL, most of the land has had all the coal sold out from under it
so you may not have mineral rights. Timber may have also been sold,
even if it is still there, you wouldn't own, and trees above a certain
diameter may require permission to cut.
These things must be spelled out before you buy, at least in most states.
Yeah I heard to watch for mineral and water rights.
So what kind of things can I watch for? Vacant land is something I don't know a lot about.
What kind of restrictions can be there?
Restrictions could be things like no mobile homes, no businesses, etc. If you are looking in a rural remote area, those restrictions are far less likely. You could check with the county department to double check though. Also, if there is no existing survey, get one that shows all the boundaries of the land and any possible easements.
Ok, so all great information. So now lets say I find land. Lets say I research and we decide to still go through with it. So would I next get the land surveyed, and then ask the county if I can build multiple shipping container homes? So I guess what I am asking is what is the step by step I should be doing once I find some land.
Ok, so all great information. So now lets say I find land. Lets say I research and we decide to still go through with it. So would I next get the land surveyed, and then ask the county if I can build multiple shipping container homes? So I guess what I am asking is what is the step by step I should be doing once I find some land.
First step would be to isolate the area you want to live in, then isolate counties within that area that have no building codes, then search for suitable properties outside any city limits or subdivisions. Do all that, and you need not ask the county much of anything. Determine what you need for well and sewer requirements, and set that up right, and build on. Really, the most important thing is to escape regulatory oversight to the extent possible, then make sure you do the infrastructure and building right for your own good.
Ok, so once I find, research and buy, then set up well and septic/waste mgmt, then I should be free to just build from there? What about permits or anything like that? does the property have to get assessed for tax reasons?
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