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Anyone ever tried to buy land from a railroad before?
| Bossy haunted graveyard public bath | 04/29/25 |
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Poast new message in this thread
Date: April 29th, 2025 8:06 PM Author: Bossy haunted graveyard public bath Working on a real estate deal. Building sits on land owned by a railroad company, building owner pays yearly rent to the railroad.
It seems crazy to buy the building and hope the railroad just keeps renting the land to me. It's on a freaking one year lease. So I would propose to the railroad that I buy the land, or at least rent it for a very long period. Dollar amount of the lease is trivial, maybe a couple thousand dollars a year.
Has anyone ever dealt with this before? I've heard doing anything with a railroad is super bureaucratic. |
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Date: April 29th, 2025 8:14 PM Author: aromatic karate shrine What the fuck? (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48891617) |
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Date: April 30th, 2025 12:06 PM Author: Bossy haunted graveyard public bath It's definitely a crazy situation but apparently it's common. (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48893491) |
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Date: May 6th, 2025 10:31 PM Author: potluck (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48909814) |
Date: April 29th, 2025 8:18 PM Author: Talented Hot Water Buffalo Yarmulke Just consider yourself lucky that whoever owns that railroad doesn’t own all four railroads. (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48891633) |
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Date: May 6th, 2025 10:14 PM Author: disco fries (his own flesh as well as all space was still a cage) (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48909787) |
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Date: May 6th, 2025 10:17 PM Author: Heil Hitler (TT6) (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48909794) |
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Date: May 6th, 2025 10:31 PM Author: potluck (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48909812) |
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Date: May 6th, 2025 10:34 PM Author: Kenneth Play (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48909818) |
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Date: May 7th, 2025 6:42 PM Author: cowgod (retired) (🧐) (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48911965) |
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Date: May 7th, 2025 10:23 PM Author: Juan Eighty (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48912420) |
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Date: May 9th, 2025 12:07 AM Author: 6000 ants dressed like rice (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48916033) |
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Date: April 29th, 2025 8:20 PM Author: Awkward hairraiser selfie (race car) (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48891638) |
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Date: April 29th, 2025 10:25 PM Author: Talented Hot Water Buffalo Yarmulke (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48891998) |
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Date: April 30th, 2025 12:08 PM Author: Yapping supple plaza chad (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48893496) |
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Date: May 6th, 2025 10:01 PM Author: When I grow up I want to be a pumo (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48909766) |
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Date: May 6th, 2025 10:12 PM Author: He flexed his right muscle. Does the RR use the tracks currently? Good luck getting them to agree to anything. (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48909784) |
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Date: May 6th, 2025 10:14 PM Author: disco fries (his own flesh as well as all space was still a cage) Good luck, brother. Railroads aren’t in the business of selling land from what I gather. Maybe they’ll make an exception for you. (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48909788) |
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Date: May 6th, 2025 10:15 PM Author: Covid was a Hoax (guy who just watched once upon a time in the west) (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48909789) |
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Date: May 6th, 2025 10:16 PM Author: Dickey Simpkins Merely asking the railroad to do this could cause them to decide not to renew the lease or ask for a crazy higher amount for rent.
Railroad’s don’t like to sell property and they have very aggressive lawyers who are part of an old money clique that’s very hard to break into.
I’d recommend leaving this one alone. |
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Date: May 6th, 2025 10:19 PM Author: Covid was a Hoax (henry fonda) (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48909797) |
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Date: May 8th, 2025 10:55 PM Author: average/ordinary/typical citizen/person If there's one place alpha males congregate it's railroad law (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48915866) |
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Date: May 6th, 2025 10:26 PM Author: https://imgur.com/a/o2g8xYK Just do Coase theorem (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48909806) |
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Date: May 6th, 2025 10:38 PM Author: Pierbattista Pizzaballa Railroads will never sell their land. (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48909826) |
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Date: May 7th, 2025 4:36 PM Author: Dickey Simpkins CR. (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48911630) |
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Date: May 7th, 2025 5:49 PM Author: OldHLSDude A building sitting on year to year leased land is unsellable (except to you or your client apparently) and unleverageable. If the current owner wants to sell the building he ought to help you with the negotiation with the RR. You should only want to buy it contingent on satisfactory ground lease terms from the RR. Is it Short Line by any chance? What are the politics or special relationships in this situation? (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48911816) |
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Date: May 7th, 2025 6:41 PM Author: Pierbattista Pizzaballa (Guy whose done some railroad work in his day) (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48911963) |
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Date: May 7th, 2025 9:56 PM Author: OldHLSDude Dinah, blow your horn. HLS friend is a specialist in railroad law. "From Harv. Law Rev. to I've Been Working on the Railroad via a SCOTUS clerkship: What a Long Strange Trip it's Been." (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48912372) |
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Date: May 7th, 2025 9:59 PM Author: metaphysics is fallow lol any dumbass knows not to buy a building on land someone else owns. makes no sense (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48912374) |
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Date: May 7th, 2025 10:01 PM Author: OldHLSDude Hope it's flame, but there are plenty of situations in which a building sits on leased land. (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48912377) |
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Date: May 7th, 2025 10:29 PM Author: He flexed his right muscle. (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48912433) |
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Date: May 8th, 2025 10:49 PM Author: Pierbattista Pizzaballa It’s a bundle of sticks (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48915854) |
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Date: May 8th, 2025 10:56 PM Author: Pierbattista Pizzaballa Jesus, the Dawes Act (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2).#48915868) |