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Anyone ever tried to buy land from a railroad before?
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Date: April 29th, 2025 8:06 PM Author: Mentally impaired anal tattoo 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: Cracking Red School Coldplay Fan What the fuck? (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2...id.#48891617) |
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Date: April 30th, 2025 12:06 PM Author: Mentally impaired anal tattoo It's definitely a crazy situation but apparently it's common. (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2...id.#48893491) |
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Date: May 6th, 2025 10:31 PM Author: obsidian galvanic parlour (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2...id.#48909814) |
Date: April 29th, 2025 8:18 PM Author: Jet-lagged Smoky Bawdyhouse 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...id.#48891633) |
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Date: May 6th, 2025 10:14 PM Author: hyperactive step-uncle's house (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2...id.#48909787) |
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Date: May 6th, 2025 10:17 PM Author: cruel-hearted henna box office trust fund (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2...id.#48909794) |
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Date: May 6th, 2025 10:31 PM Author: obsidian galvanic parlour (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2...id.#48909812) |
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Date: May 6th, 2025 10:34 PM Author: Sadistic Fighting Twinkling Uncleanness Mood (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2...id.#48909818) |
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Date: May 7th, 2025 6:42 PM Author: Hot orchid telephone filthpig (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2...id.#48911965) |
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Date: May 7th, 2025 10:23 PM Author: out-of-control slimy business firm (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2...id.#48912420) |
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Date: May 9th, 2025 12:07 AM Author: abusive coral church building (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2...id.#48916033) |
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Date: April 29th, 2025 8:20 PM Author: Talented market (race car) (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2...id.#48891638) |
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Date: April 29th, 2025 10:25 PM Author: Jet-lagged Smoky Bawdyhouse (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2...id.#48891998) |
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Date: April 30th, 2025 12:08 PM Author: Exciting Temple (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2...id.#48893496) |
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Date: May 6th, 2025 10:01 PM Author: Mentally impaired anal tattoo (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2...id.#48909766) |
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Date: May 6th, 2025 10:12 PM Author: Startled deer antler ceo 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...id.#48909784) |
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Date: May 6th, 2025 10:14 PM Author: hyperactive step-uncle's house 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...id.#48909788) |
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Date: May 6th, 2025 10:15 PM Author: Autistic Principal's Office Partner (guy who just watched once upon a time in the west) (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2...id.#48909789) |
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Date: May 6th, 2025 10:16 PM Author: Aphrodisiac Grizzly Trump Supporter Property 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: Autistic Principal's Office Partner (henry fonda) (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2...id.#48909797) |
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Date: May 8th, 2025 10:55 PM Author: carnelian shrine macaca If there's one place alpha males congregate it's railroad law (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2...id.#48915866) |
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Date: May 6th, 2025 10:26 PM Author: Flatulent burgundy giraffe theater Just do Coase theorem (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2...id.#48909806) |
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Date: May 6th, 2025 10:38 PM Author: Thirsty parlor police squad Railroads will never sell their land. (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2...id.#48909826) |
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Date: May 7th, 2025 4:36 PM Author: Aphrodisiac Grizzly Trump Supporter Property CR. (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2...id.#48911630) |
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Date: May 7th, 2025 5:49 PM Author: silver pisswyrm mad cow disease 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...id.#48911816) |
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Date: May 7th, 2025 6:41 PM Author: Thirsty parlor police squad (Guy whose done some railroad work in his day) (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2...id.#48911963) |
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Date: May 7th, 2025 9:56 PM Author: silver pisswyrm mad cow disease 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...id.#48912372) |
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Date: May 7th, 2025 9:59 PM Author: Duck-like Federal Cuck Affirmative Action 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...id.#48912374) |
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Date: May 7th, 2025 10:01 PM Author: silver pisswyrm mad cow disease 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...id.#48912377) |
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Date: May 7th, 2025 10:29 PM Author: Startled deer antler ceo (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2...id.#48912433) |
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Date: May 8th, 2025 10:49 PM Author: Thirsty parlor police squad It’s a bundle of sticks (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2...id.#48915854) |
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Date: May 8th, 2025 10:56 PM Author: Thirsty parlor police squad Jesus, the Dawes Act (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2...id.#48915868) |