- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Looking to purchase large rural tract of land. Advice needed.
Posted on 9/4/12 at 5:53 pm
Posted on 9/4/12 at 5:53 pm
Looking to purchase 10 + acres of rural land in East baton rouge parish to eventually build on. Any advise on financing options, tax breaks, etc. would b appreciated. In a mortgage now but will eventually sell. Have about $40,000 of equity.
2
Posted on 9/4/12 at 8:31 pm to dltigers
you know anyone who is a landman? talk to them on the sly.
Posted on 9/5/12 at 2:59 am to slim thug
In a similar vein, I would be sure to get the mineral rights, or whatever the seller has. Other than telling you if the owner has the minerals, I dunno what a Landman would do for you unless you're trying to find a seller, but a RE agent would probably be A better bet.
Posted on 9/5/12 at 7:14 am to ShreveportTiger07
While 10 acres is a good chunk of land most don't consider it a "large tract". I think a good real estate agent could help you as much as a land guy/land bank. We live on 58 acres in St. Tammany which we found on our own by driving roads and watching MLS listings for about 6 years. We ended up buying 20 acres and a house and have bought neighboring pieces as they have come up for sale. The biggest key is trying to find the right piece.
As far as mineral rights they are certainly important to get however keep in mind on anything less than 40 acres it's legal for a neighboring property to side drill into it.
As far as mineral rights they are certainly important to get however keep in mind on anything less than 40 acres it's legal for a neighboring property to side drill into it.
Posted on 9/5/12 at 8:59 am to dltigers
quote:
large rural tract of land.
= like hundreds/thousands of acres.
Posted on 9/5/12 at 9:58 am to Da Hammer
quote:
As far as mineral rights they are certainly important to get however keep in mind on anything less than 40 acres it's legal for a neighboring property to side drill into it.
I don't believe that is accurate. You may be referencing the ability for them to capture production on their property that may be within the property line setback on either side of the line. The well bore cannot cross the property line.
Posted on 9/5/12 at 10:43 am to ShreveportTiger07
a landman is like a real estate agent for mineral rights
may not be as ethical for him to serve in that role, but that's what i would do
may not be as ethical for him to serve in that role, but that's what i would do
Posted on 9/5/12 at 11:15 am to Da Hammer
Hammer, did you get any water from the river flooding?
Posted on 9/5/12 at 6:19 pm to OldSouth
No Horsebranch creek is right behind the house and it had a LOT of water in it, but nothing anywhere close to causing a problem at the house. We were real lucky no power for about 3 days and a bunch of limbs down but no trees.
I could very well be wrong on the mineral rights part but I have a friend in the oil business that always told me if you buy land you want more than 40 acres for this reason.
I could very well be wrong on the mineral rights part but I have a friend in the oil business that always told me if you buy land you want more than 40 acres for this reason.
Posted on 9/6/12 at 4:50 am to Da Hammer
quote:
I have a friend in the oil business that always told me if you buy land you want more than 40 acres for this reason.
Not true. They can drill under you, BUT they will have to pay 100% if they don't have a contract with you. If you own 1 acre or a 1,000, it's all the same.
Wells are drilled in blocks. All land in said block will be paid.
This post was edited on 9/6/12 at 4:51 am
Posted on 9/6/12 at 11:08 am to Da Hammer
quote:
I could very well be wrong on the mineral rights part but I have a friend in the oil business that always told me if you buy land you want more than 40 acres for this reason.
Well thats sort of stupid, the odds of you having oil/gas under your property are slim to none.
Posted on 9/6/12 at 8:13 pm to Da Hammer
quote:
I could very well be wrong on the mineral rights part but I have a friend in the oil business that always told me if you buy land you want more than 40 acres for this reason.
You are wrong. If the well is actually bottom holed or if the well bore even passes through your property without a servitude or lease that would be a trespass. And if they bottom hole a producer under your tract w/o a lease, you own their arse. Either your friend made that rec with something else in mind or he's a dumbass.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News