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Anyone ever tried to buy land from a railroad before?
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Poast new message in this thread
Date: April 29th, 2025 8:06 PM Author: razzle scarlet heaven reading party 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: Exciting fuchsia trust fund What the fuck? (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2#48891617) |
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Date: April 30th, 2025 12:06 PM Author: razzle scarlet heaven reading party It's definitely a crazy situation but apparently it's common. (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2#48893491) |
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Date: May 6th, 2025 10:31 PM Author: Copper temple (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2#48909814) |
Date: April 29th, 2025 8:18 PM Author: Motley Dragon 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#48891633) |
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Date: May 6th, 2025 10:14 PM Author: magenta up-to-no-good sex offender set (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2#48909787) |
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Date: May 6th, 2025 10:17 PM Author: Talented smoky library useless brakes (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2#48909794) |
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Date: May 6th, 2025 10:31 PM Author: Copper temple (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2#48909812) |
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Date: May 6th, 2025 10:34 PM Author: 180 haunting native (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2#48909818) |
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Date: May 7th, 2025 6:42 PM Author: Provocative Garrison (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2#48911965) |
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Date: May 7th, 2025 10:23 PM Author: pearly sneaky criminal (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2#48912420) |
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Date: May 9th, 2025 12:07 AM Author: Slate principal's office (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2#48916033) |
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Date: April 29th, 2025 8:20 PM Author: Spectacular Zombie-like Crotch (race car) (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2#48891638) |
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Date: April 29th, 2025 10:25 PM Author: Motley Dragon (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2#48891998) |
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Date: April 30th, 2025 12:08 PM Author: brass roast beef site (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2#48893496) |
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Date: May 6th, 2025 10:01 PM Author: razzle scarlet heaven reading party (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2#48909766) |
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Date: May 6th, 2025 10:12 PM Author: opaque trailer park 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#48909784) |
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Date: May 6th, 2025 10:14 PM Author: magenta up-to-no-good sex offender set 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#48909788) |
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Date: May 6th, 2025 10:15 PM Author: chest-beating frisky pocket flask (guy who just watched once upon a time in the west) (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2#48909789) |
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Date: May 6th, 2025 10:16 PM Author: Ocher newt 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: chest-beating frisky pocket flask (henry fonda) (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2#48909797) |
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Date: May 8th, 2025 10:55 PM Author: Henna Coldplay Fan If there's one place alpha males congregate it's railroad law (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2#48915866) |
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Date: May 6th, 2025 10:26 PM Author: very tactful glassy patrolman locale Just do Coase theorem (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2#48909806) |
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Date: May 6th, 2025 10:38 PM Author: Mischievous voyeur Railroads will never sell their land. (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2#48909826) |
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Date: May 7th, 2025 4:36 PM Author: Ocher newt CR. (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2#48911630) |
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Date: May 7th, 2025 5:49 PM Author: avocado range wrinkle 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#48911816) |
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Date: May 7th, 2025 6:41 PM Author: Mischievous voyeur (Guy whose done some railroad work in his day) (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2#48911963) |
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Date: May 7th, 2025 9:56 PM Author: avocado range wrinkle 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#48912372) |
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Date: May 7th, 2025 9:59 PM Author: Navy Scourge Upon The Earth Church Building 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#48912374) |
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Date: May 7th, 2025 10:01 PM Author: avocado range wrinkle 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#48912377) |
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Date: May 7th, 2025 10:29 PM Author: opaque trailer park (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2#48912433) |
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Date: May 8th, 2025 10:49 PM Author: Mischievous voyeur It’s a bundle of sticks (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2#48915854) |
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Date: May 8th, 2025 10:56 PM Author: Mischievous voyeur Jesus, the Dawes Act (http://www.autoadmit.com/thread.php?thread_id=5718296&forum_id=2#48915868) |