What does Power of Attorney mean and what is an Attorney In Fact?
If you want to dig into the realities of land development, you’ve come to the right place.
All in Education
What does Power of Attorney mean and what is an Attorney In Fact?
Modern Homesteading - Most of us are not migrating westward in a covered wagon to farm 160 acres of free public land on a homestead. What we are really trying to do is to find a way to cut property taxes and cap future increases of them. Contemporary homesteading can be a great way to do that as long as you and your property qualify.
Managing real estate investors is a tough job when project objectives, cost, and time-to-completion are not handled the right way. Even when they are handled correctly, it can still be tough because managing your investors has a lot to do with managing their expectations, along with their invested assets.
One profession I have a deep respect for is civil engineering. Whether you are an old salt in land development or a Newbie on your first project, it’s critically important to select the correct engineering firm. One challenge in doing this is the technical knowledge gap between a licensed engineer and we, as land developers.
The definition of affordable is relative to each person’s economic condition. As I’ve said before, when it comes to real estate we buy and sell at the economic level we are at. A $40,000 purchase deal on a vacant lot is peanuts to one person and a life decision to another. In the end, each real estate deal is typically a high-tension event no matter the price tag.
Good land development project managers in either the corporate or private sectors are tough to find. If a person can find a way to learn the ropes and succeed you can become a valued commodity, not only in the business, but to yourself and your career.
Entrepreneurs in business are those that undertake a high amount of risk for a greater potential reward. If we used that as the only criteria, it would be fairly easy to conclude that entrepreneurs would be ideal land development speculators. Not necessarily so…
It’s obvious that the addition of improvements to any type of real property can enhance its value, as long as they are right for the property and correctly done.
I don’t know of any single recipe for becoming a successful land developer, but I have sure seen ways that can help someone get off to a faster and better start in the business.
Hydrology is the study of water and in land development we need to consider not just the conditions of the relevant studies, but also make provisions for its movement relative to the land under development, along with the impacts on the surrounding watershed.
I have held the responsibility of trustee for seven different private trusts, while learning tons from the experience. Here’s a glimpse.
There may be investment opportunity when land is held in a “current use” tax designation.
All of us know that real property is taxed, but do we know how property tax is calculated?
A Comparative Market Analysis (CMA) is conducted when a seller is working with a real estate agent to determine a listing price for a property.
In real estate we sometimes run into questions or even disputes about whether an item is personal property or
real property.
Having title to real property refers to the right to own land and the evidence of the ownership of it. Title insurance exists to defend the insured owner(s) from defects in the real property title.
There are several categories of real property deeds and they offer different levels of protection.
Sometimes we don’t stop to think that there is more than one way to have an interest in real property, but there sure is.
Eminent domain is the right of the government, or quasi government agency, to acquire private property for the greater good of the public.