All Forum Posts by: Adrian G.

@Misia,
Well I can tell you from my point of view, I have been buying and selling land for a long time. I have never bought land with the intention of "doing something" with it. I simply buy it cheap and sell it cheap or super high :D .

I believe you had it right with your response to Dan, not all buyers are or were investors. They actually wanted to use the land for fun, Your timeshare statement was a good example of what this is without having to note time/dates haha. This is simply another creative strategy to raising cash by selling undivided fractional interest of property.

Dan,
I see your points, but isnt that the real estate game??? Do we ever know what kind of profit were gonna make off a property or if our property will even sell in ANY market?? No but the only thing you can do is research as much as you can and be honest about the intentions of the property and move forward. Also the way you phrased your questions make it seem like your going to investors using the parcel maybe as security (that is not the case here and if I misunderstood it I apologize). Im simply selling fractional interest in my land that is used to its highest and best use which is recreational (example: camping or hunting). Just because you cant build on it doesnt mean its useless.

I actually have only been using Craigslist and ebay and to my surprise its been doing quite well. I basically just state the facts and answer questions the best I can.

Hey Matt....I appreciate your feedback, Yes I did state (in a previous post) that this does create a tenant in common shared ownership. I spoke to quite a few different RE attorneys and with the states and counties I am doing business in regarding this subject and with my plan and I have yet to have one who said it was illegal or even frowned upon. Now Im not saying to people that they shouldnt do there own research but anyone can realistically and LEGALLY sell fractional interests of there property. Not only am I doing it but there are certain states and counties doing this as well.

Dan,
I believe it would work in a "war zone" or Detroit in general, I mean getting it done is 1 thing and selling it at auction is another.

I have purchased small lots from 300-700 bucks before and still made a pretty good profit off of them so anything is possible.

Give it a try John, let me know if you have any questions or hit any bumps along the way.

Well Im always up for making money :)
In regards to the size...for me, it all depends on how big the original land is. Im not going to make 200 lots out of 1 acre and I dont want it to be so small that people wouldnt want it, for some I end up doing .05 or .10 or even .30. I guess in reality I can do whatever but then it just becomes a hassle with the paper work so I figure lets not be too greedy and just make reasonable sizes for everyone and so I can make a great profit :)

Bill,
I did have a RE attorney write it up and we did not SUBDIVIDE it in to individual parcels, we simply sold off interests in the property. Not lot # 105-106 -107.....but simply sized lots (Im using the words lots bluntly), which from a few attorneys I talked to and used they said I am not doing anything illegal as long as everyone knows what there getting them selves into upfront and in detail. I spoke to the counties and certain state departments and not only do they do it THEMSELVES but they also promoted the fact that these sort of opportunities bring more to the areas.

Now I will agree with you that I am making the property useless "IF:" someone wanted to come and purchase it as a whole then they would have to go to each owner and try and buy it from them. In the other case I look at is a way for people to acquire ownership rights of a property at a very low costs and for them to use the property to its greatest and highest use. What you can consider useless we can consider a small investment that gives the opportunity to use great land for multiple purposes.

Well its a cheap, small investment, and potential good deal for people who want to use the land for hunting/camping or etc. Actually about half of the people who have purchased from me have purchase undivided interest before and had only good things to say about it.