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Re: Complicated land rent question


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Posted by jocco on March 13, 2016 at 14:41:27 from (166.182.3.101):

In Reply to: Complicated land rent question posted by Nick m on March 13, 2016 at 08:00:16:

I want to add a few things yes I agree with JD seller and Paul and state law could govern it too. I think the idea of meeting with the daughter and land owner in person is best. This is my take you would be better off to see what the daughter wants and have her release or sign off from the crop and or transfer the lease to you. Work out terms with the land owner on say a 5 year lease. Now pay the daughter some amount, example: say they have invested $50 an acre x 100 = $5000. (you would have to invest that anyway) I doubt she has much interest in farming it and I don't like the partnership or share crop ideas. She is selling you her contract basically. I have seen several of these type deals; some went ok and some went sour. I will also add that if he just died give her your card, if she does not want to or can't talk to you at the time and set up a meeting. Also beware someone else could approach her and cut a deal with the land owner too!!! One key is the less people you have the better!!! Heck when your done offer to buy the land!!! Hope this helps and good luck


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