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Farm Business
Tenant Farming, Subsidies, BPS & Legal Issues
AHA tenant on land for sale
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<blockquote data-quote="chickens and wheat" data-source="post: 7577277" data-attributes="member: 1900"><p>Buying to sell has all kinds of tax problems. Sometimes better to let the landlord sell it. It can work if you have a buyer lined up waiting to take it off you the moment you buy</p><p>We bought buildings houses and nearly half the land, relinguishing the rest for a decent discount.</p><p></p><p>The level of discount a sitting tenant gets is a very hard thing to compare.</p><p></p><p>My agent said in his dealings this varies from 20% to 80% depending on who did the original valuation.</p><p>So who cares what the discount is !</p><p>Just strike a deal that both parties can agree on.</p><p></p><p>Watch for clauses allowing the ex owner to claw back any future development income . There will be such a clause but try keep it to 5 years or so. Not a 20 or 30 year agreement.</p><p></p><p>We are now 4 years into ownership, the mortgage was initially scary, but ownership of the land opens up business growing oportunities.</p><p>Ive borrowed nearly a such money again for new projects.</p><p></p><p>Watching someone else farm my ex fields isnt as painfull as i expected, especially when its raining non stop.</p><p>Its a reminder that land drainage done in the 70,s doesnt last for ever.</p></blockquote><p></p>
[QUOTE="chickens and wheat, post: 7577277, member: 1900"] Buying to sell has all kinds of tax problems. Sometimes better to let the landlord sell it. It can work if you have a buyer lined up waiting to take it off you the moment you buy We bought buildings houses and nearly half the land, relinguishing the rest for a decent discount. The level of discount a sitting tenant gets is a very hard thing to compare. My agent said in his dealings this varies from 20% to 80% depending on who did the original valuation. So who cares what the discount is ! Just strike a deal that both parties can agree on. Watch for clauses allowing the ex owner to claw back any future development income . There will be such a clause but try keep it to 5 years or so. Not a 20 or 30 year agreement. We are now 4 years into ownership, the mortgage was initially scary, but ownership of the land opens up business growing oportunities. Ive borrowed nearly a such money again for new projects. Watching someone else farm my ex fields isnt as painfull as i expected, especially when its raining non stop. Its a reminder that land drainage done in the 70,s doesnt last for ever. [/QUOTE]
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AHA tenant on land for sale
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