Thinking of purchasing a home on rural land. Read about Pre-Platted Lots on the internet, but can't really get the definition of it. Can anyone explain? Thx!
212126
IT JUST MEANS THE  LAND IS ALREADY SPLIT UP INTO SET SIZES ON A LAND MAP THEY ARE CALLED PLATTS OR A PLATT MAP
356602
It doesn't matter where you reside, look at the areas surrounding your immediate cities and other surrounding areas.  \n\nI find that purchasing raw land 10-15 miles outside a city normally works really well and is the land is cheap in most instances.  \n\nDepending on how much you have to invest and the cost of land near where you live. Try and buy the minimum of 4-5 acres. A good size property to purchase if you are a small time investor as I am would be 10-20 acres, developers will purchase those type all the time for single family homes.  Make sure that you get from the county the zoning of the property. That should not really concern you as you are planning to sell it anyway.\n\nDon't be concerned if utilities are not built to your property as of yet, eventually the city will build the utilities out to where you are. You must continue to pay property taxes on the property and any improvement tax assessed by the city. If they build the utilities out and past your property, you could be accessed a utility tax, sometimes this is a one time tax, other times it is done over a few years depending on how the local govenrment vote on the payment.\n\nI find this to be an excellent way to build a trust for my grandchildren's education.\n\nYou will find that being a land speculator is a good business and not only that but profitable. As you gain more experience you can and would want to go out further, bank the land. I try and sell about 10-20 acres per year or more. I try to purchase about 50-60 acres per year.\n\nI don't know if there are any land properties in your area but try this site they sell land and the sign up is free. they also have a booklet you can receive in the mail.\n\nYou should always look at a piece of land before buying it.\n\nwww.landauction.com\n\n \nI hope this has been of some use to you, good luck.\n\n"FIGHT ON"
652931
If your property is built on a 600 sq yard plot, and there are 20 flats/owners, then each flat owner owns 30 sq yds of land.\n\nIf you look at your sale agreement, it will mention the "land" you own.  This land is deemed indivisible - which means you cannot sell it as an individual piece.\n\nHope that helps.
190696
If the land is left managed for 10 years, the person or entity that's beening using it will have the right to use.\n\nfor example, if A has a land but left it unattended, B live right next to A and has been using the land for farming or whatever, after 10 years B will have the right to use and and there isn't anything A can do about it.  (until B gives up the right)
633057
In a construction loan, you can use the portion of equity you have in the land towards the total "finished" value. Basically, your down payment is within the land that is already payed off. I specialize in commercial/construction loans if you'd like to see about getting an approval, let me know.\n\nSome basic questions:\n\n-Do you have plans already\n-What is the zoning of the land\n-what are the total construction costs\n-Do you have permits\n-Where is the property located\n-what do you estimate the value (completed) to be\n-Are you and your significant other employed/retired & what income/how long on your jobs\n-is the property in a rural or urban area\n-what is your credit situation\n\nThese questions should be enough to get some accurate figures for you.
394009
Is this a liquidating or nonliquidating distribution?  Was the land purchased inside the partnership? Or purchased by one of the partners ten years ago and contibuted to the partnership in the ten years since purchase?\n\nSorry but we really need more information to give relevant tax issues advice.\n\nEdit:\n\nOK - so a nonliquidating (or operating) distribution - Partnership continues to exist with exact same owners and percentages after distribution as before the distribution.  \n\nYou absolutely do not want a disproportionate contribution because things can get a little ugly under IRC section 751 with that so my recommendation would be distribute based on partnership percentages.  This can be done in two ways - distribute land in 50, 40, 10 amount and have 40% partner buy 10% partners share or distribute cash and land to even up percentages. \n\nLet's start with the all land distribution - You will show land removed from books (credit land) for $100,000 the opposite side will be debits to A (50%, B (40%) and C's(10%) capital accounts for $50,000, $40,000 and $10,000.  Each of the partners will reduce their outside basis by that amount (50k, 40k or 10k) and that will be their basis in the parcel of land they own.  (CAUTION: If any of these partners has an outside basis less than the land distributed they will, as someone said earlier, have a taxable event and will need to pay capital gains on the excess distribution!!) Now C sells his land to B for the 10k basis and has no taxable event and B's basis in the land becomes $50k (the same as A's) - (Another CAUTION: If B has intentions to sell the land shortly the portion purchased from C is now SHORT-TERM and will result in ordinary income!).  You say that the land is valued at $200k so the "deferred" tax will be picked up when each of these partner's sells their land and has to pick-up capital gain.\n\nNow the second option: you will make the total distribution to the three partner's 120k.  A's distribution will be 60% of the land - book value $60k, 50% of distributions; B's distribution will be 40% of land and $8k cash - book value $48k, 40% of distributions; C's distribution will be $12k cash - book value $12k, 10% of distributions.  Once again everyone will reduce their outside basis by the distribution amount and once again there will be no taxable event as long as the distributions DO NOT exceed outside basis.  Your journal entry will be a credit to land for $100k; a credit to cash for $12k; a debit to A's partner capital account for $60k; a debit to B's partner capital account for $48k and a debit to C's partner capital account for $12k. A and B will have deferred gain on the land that will become a taxable event when they sell the land for a gain.\n\nHopefully this covers it - if you have more questions - add details and I'm sure I (or one of the other tax professionals here) can clarify. (Also if you are set on keeping the land a 50/50 split just say that and I can give you the journal entry)
466523
Easy.  Google British Columbia land for sale.  Find the real estate agents selling land in rural areas.  Contact them, give them the specs of what you are looking for, and ask them to be on the lookout.  However you most likely will have to prove you are truly interested.  A lot of real estate agents receive out of town inquires and 90% are not legit so they tend to blow them off.  You should offer to send them a pre-approval from the bank or offer to come up and visit some land, etc.  Good Luck with it!
555440
>>>Why do hens only lay at certain times of the year?\n\nThey don’t. Trust me, I’ve kept chooks for decades and they lay all year round.\n\n>>>What does the term mean weaner relating to sheep?\n\nA weaner is a lamb that is old enough to stop suckling from its mother and start eating grass for itself. Weaners are often locked in a separate paddock from their mothers to force them to become independent.\n\n>>>Can you name some predatory fish?\n\nPike, marlin, piranha.\n\n\n>>>>What is the difference between a 2 wheel tractor and a 4 wheel tractor?\n\n\nA 4 wheel tractor is a conventional tractor.\n\nA 2 wheeler is more like a motorised wheelbarrow.\n\nThe operator walks behind the machine holding the handles and steers it that way. Two wheelers can still be fitted with slashers, spray tanks, disk ploughs and so forth but they are basically motorised wheelbarrows and the operator has to walk and steer just as she would a wheelbarrow or lawnmower.\n\n>>>What is the difference between a 4 stroke mower and a 2 stroke mower?\n\nA visit to howstuffworks.com would be far more enlightening than anything I could write here.
632832
I was just in VA last week and picked up a paper, I thought it was free. I don't remember the name but it has thousand of classified ads in there. The paper was all over different businesses. I seen an ad in there for a farm house with 7 bedrooms for 800.00 a month. I was going to Winchester and I believe that paper covered the Fredericksburg area. Not to mention, I walked out with the paper and seen the  1.35 cost for it uuukkk! I thought those classified papers were free.It did have a lot of rentals, if you're seeking a mobile home try to buy it with owner financing it.for you. You'll;; be better off , going that route..
116328
You have an Abstract of Title showing copies of the documents affecting title to the land which you are the surface owner of, I take it? But the Abstract is pretty old, I imagine and not up to present day because getting Abstracts nowadays is very expensive. It used to be easy and we did it all the time. \nThere are a ccuple of different routes you can take here, but be aware, neither is inexpensive. \n\nThe first is to find a lawyer who specializes in real property law. Bring your abstract to the lawyer, and tell him or her that you want to know who is the current mineral owner under your surface.  The lawyer can run or have run a title search to bring the title of the Abstract current and then can render an opinion as to who the owner is.\n\nAnother method is to go to a title company and see if you can pay them to bring the Abstract current and tell you who they think owns the minerals. Usually title companies nowadays only like to work where real property is being bought or sold and they can sell title insurance, but they might be able to steer you to someone who knows how to search and research title if they are not willing to do it.\n\nOtherwise, your only choice is going to be to go yourself to the records of the county clerk and recorder, get someone there to show you how the grantor/grantee index works and try to do it yourself. I don't recommend this method.\n\nPossibly, you could try to find a Petroleum Landman (these people are also women sometimes) who do these types of title searches for a living.  Again, this is expensive, a good "field" landman, as this type of expert is called can easily ask for $450/day as a rate.\n\nGood luck in your search.
55305
Its a zoning designation, check with your local planning board or county tax assessor, they should know the details of exactly what it means in your particular area.
340081
It could really mean either.  However, a flat is generally not like a townhome.  Once you get in your front door it is generally on one level, hence the term flat.  \n\nSuch properties are just as likely to be rented out as owned.  However, the concept of co-op properties popular in the USA is only very slowly catching on in England.  Many blocks of flats are owned by a "Freeholder" who owns the ground and the exterior of the building.  Each leaseholder pays for the lease (which may be for 99 years or more) - this is like buying a house - and then pays a ground-rent to the freeholder.  This is usually nominal - mine was 12.50 pounds a year.
401153
All the people I have ever known who are well off in their old ages have invested in real estate.  You can lose out on a franchise business.  Small businesses go bust all the time because of many reasons.  But as an old realtor I used to know said "As long as the good Lord keeps making people, but no more dirt the price of land has to go up."
261590
One catch is, if the property is improved (has a structure on it) you will generally not be able to inspect the property before buying it.  So you would be taking it "as is."  I think people and companies who make money at this probably have enough money to buy several such properties at a time, and they can average out the risks and make a good profit in the long run.  But they will need to have plumbers, electricians, carpenters and painters available to do repairs as necessary in order to make the structures habitable -- or they must have the skills and time to do the work themselves, obtaining permits and following codes as required.\n\nIf the properties are just vacant lots, the risks are different: they just need to know how much land is worth in a given area, and be able to afford to pay taxes on the properties until they can be sold.
449
why buy land that clearly had no purpose or meaning, clearly why it has been so long and you didn't keep up with the papers.  not trying to be mean but if it was just b/c u have the money share the wealth!!!!  but if i am wrong about all that good luck hopefully you may find the paper!
295571
Have you checked this planning office site?\n\nNote the declaimer. These are not the "offical" copies and maybe out of date.\n\nhttp://www.co.bonner.id.us/planning/landuse.html
388437
typically the property tax is based upon your assessed values of your land and anything permanently attached to that land and the zoning of that land.\n\nnow for easy English -  \n\n if you have a lot in town that is zoned residential and it is 75x100 that lot has an assessed value by the county it is in.\n\n if you have a house on that lot it has an assessed value placed on it by county assessor also.  it is based upon size, location in that town, what materials were used to build it and finish it with. \n\nif you have a detached building that is permanently placed on that lot such as a detached work shop or garage then that also has an assessed value by the county placed upon it.\n\nYour property tax is then sum of all of these items \n\nthis is the simple version as with every government entity they will find other things to tax you for or you also pay for blanket assessment for say repaving of your road that will be based upon your assessment of road frontage your lot has. \n\nso hope this helps to confuse you in the ways of our government