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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: Carnelian tanning salon 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: Splenetic casino international law enforcement agency What the fuck? (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2E#48891617) |
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Date: April 30th, 2025 12:06 PM Author: Carnelian tanning salon It's definitely a crazy situation but apparently it's common. (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2E#48893491) |
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Date: May 6th, 2025 10:31 PM Author: Bat-shit-crazy Cumskin (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2E#48909814) |
Date: April 29th, 2025 8:18 PM Author: Low-t business firm 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=2E#48891633) |
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Date: May 6th, 2025 10:14 PM Author: blue milk national (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2E#48909787) |
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Date: May 6th, 2025 10:17 PM Author: Electric Orchestra Pit (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2E#48909794) |
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Date: May 6th, 2025 10:31 PM Author: Bat-shit-crazy Cumskin (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2E#48909812) |
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Date: May 6th, 2025 10:34 PM Author: Laughsome Hot Dilemma Mediation (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2E#48909818) |
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Date: May 7th, 2025 6:42 PM Author: adventurous lemon abode pisswyrm (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2E#48911965) |
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Date: May 7th, 2025 10:23 PM Author: Razzle center (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2E#48912420) |
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Date: May 9th, 2025 12:07 AM Author: Elite beady-eyed base (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2E#48916033) |
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Date: April 29th, 2025 8:20 PM Author: honey-headed piazza (race car) (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2E#48891638) |
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Date: April 29th, 2025 10:25 PM Author: Low-t business firm (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2E#48891998) |
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Date: April 30th, 2025 12:08 PM Author: Appetizing principal's office mother (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2E#48893496) |
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Date: May 6th, 2025 10:01 PM Author: Carnelian tanning salon (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2E#48909766) |
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Date: May 6th, 2025 10:12 PM Author: thriller point genital piercing 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=2E#48909784) |
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Date: May 6th, 2025 10:14 PM Author: blue milk national 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=2E#48909788) |
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Date: May 6th, 2025 10:15 PM Author: Slippery razzle-dazzle ape (guy who just watched once upon a time in the west) (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2E#48909789) |
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Date: May 6th, 2025 10:16 PM Author: bronze hunting ground useless brakes 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: Slippery razzle-dazzle ape (henry fonda) (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2E#48909797) |
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Date: May 8th, 2025 10:55 PM Author: stubborn stage ceo If there's one place alpha males congregate it's railroad law (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2E#48915866) |
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Date: May 6th, 2025 10:26 PM Author: Contagious Step-uncle's House Just do Coase theorem (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2E#48909806) |
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Date: May 6th, 2025 10:38 PM Author: charcoal indirect expression Railroads will never sell their land. (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2E#48909826) |
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Date: May 7th, 2025 4:36 PM Author: bronze hunting ground useless brakes CR. (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2E#48911630) |
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Date: May 7th, 2025 5:49 PM Author: Disgusting codepig 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=2E#48911816) |
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Date: May 7th, 2025 6:41 PM Author: charcoal indirect expression (Guy whose done some railroad work in his day) (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2E#48911963) |
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Date: May 7th, 2025 9:56 PM Author: Disgusting codepig 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=2E#48912372) |
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Date: May 7th, 2025 9:59 PM Author: milky stead personal credit line 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=2E#48912374) |
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Date: May 7th, 2025 10:01 PM Author: Disgusting codepig 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=2E#48912377) |
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Date: May 7th, 2025 10:29 PM Author: thriller point genital piercing (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2E#48912433) |
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Date: May 8th, 2025 10:49 PM Author: charcoal indirect expression It’s a bundle of sticks (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2E#48915854) |
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Date: May 8th, 2025 10:56 PM Author: charcoal indirect expression Jesus, the Dawes Act (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2E#48915868) |