If you want to dig into the realities of land development, you’ve come to the right place.
The terms real estate and real property are used interchangeably all the time, but they are not the same thing. So now is a good time to take a look at what real property means and especially the importance of the legal rights and restrictions associated with it. Smart investors need to be mindful.
I believe that a person in the real estate business in a meaningful way must have a qualified Real Estate Attorney. The time to find this person is before trouble starts, and a wise person finds use for their attorney to prevent trouble in the first place.
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It is a perfect world when I hold all the cards and can dictate terms and conditions of a deal. That is not negotiating. Negotiation is a process of give and take.
Everyone knows that the transfer of real property to estate heirs can be accomplished in a will. What is frequently overlooked is that it may be possible to subdivide land through a will and then distribute it to heirs as incremental parcels created from the original ownership.
As a subdivider of land and principal representative of the legal landowner, I have sole responsibility to make sure that the contracts I sign are as bulletproof as possible.
This successful subdivision of a single 20 acre parcel into four 5 acre parcels occurred in a rural county that allowed a method of land segregation for a qualifying property and individual, lawfully avoiding the short or long plat process.
Within this blog, I will go into details about each of the following ways that I have used to get the maximum dollar out of a piece of land without doing a traditional short or long plat subdivision.
