All Forum Posts by: Ryan Watson

I am looking network with people in Indianapolis. Presently in my circle of people when I try to get on the subject of real estate i get blank stares and 5 second conversations. I like my friends but they aint on my level, and i'm just getting started.

Anyway, hit me up folks! I can talk for hours about this subject. I could use a mentor other than Donald Trump and Rush Limbaugh.

Good stories. I'm considering sending an REI in my neighborhood a yellow letter for kicks. Asking how much they want to sell for. The property is turning into a rat hole.

Good stories

Here is another example. I'll make a story.

Farmer Fred is a prominant member around the small town of Smallville. The government of the town of Smallville does not have the money to install a munincipal sewer system to comply with the EPA. So Farmer Fred, being the outstanding man that he is has the money, labor, and equipment to put in a 200,000 dollar munincipal sewer system. Farmer Fred got smart, in the contract for the job he states that the town of "Smallville" has to pay him a percentage of revenue from the monthly bills for the rest of his life or beyond.

Since Smallville has grown 5 fold, Farmer Fred is rolling in the money.

no. like say you make a subdivision. you pay for all the utilities to be put in, such as water and sewer. You can turn around and make the local utility company or town rent the pipeline from you.

Also say if i was a utility contractor. I hook city water up to your house and you dont pay me for the work I did. I can file a lein on your property.

The local utility company has forms for developers and contractors to sign off on rights of ownership to the utility company. So say if 5 years after you build your subdivision something was to fail, it would be on the utility company. Not the contstruction company. If you make them rent the pipes from you, you are responsible for upkeep.

Sorry for not being clear. hope this helps.

I have an interesting subject to share, not sure how common it is but I like it. I had an old timer tell me in his exact words (im 25) that you cant take a **** in xxtown without paying the "rich family name". From what im told back in the day the town did not have the funds for underground water infrastructure, in this case, sewers. The town is now thriving and hasnt been annexed into the capital city although by looking at the population, it looks like it should all blend in. In the end to this day the city still gives these people the check that put the main sewers in years ago.

Citezens energy has release forms for property owners, instillation contractors, and developers to sign off on ownership of the underground infrastructure to the utility company to effectivly eliminate royalties like mentioned above and also to eliminate contractors from filing property liens due to unpaid installation expences.

This discovery leads me to believe the utility is trying to protect their monopoly. So even though if liabilities, operations, and maintinance would be on someone else, i think that the utility would have to pay you good money but they want to hide this. Especially if they want to find ways for penalties if you dont sign off on your infrastructure.

I wonder how effective this would be on a completed subdivision. After all the lots are sold, youve made your money of course, now however you still make money off everyone on infrastructure thats in the public right of way. Pretty much having your cake and eating it too for decades to come.

Whats your take on this picture?

Clean cut and in black in white. Has anyone ever found a property they found interesting only to discover its tied up in a trust? I'd like to hear your story.

The only thing i can come up with is if you somehow made the offer to fulfill the objective of a trust. Such as the hard cash value sitting for future family member X. They dont have to worry about selling it later. I imagine any no answers you may get is if the property has been passed down in the family and any change in that is out of the question.

This was my first real estate book purchase from amazon. Once I start reading its hard to put it down. Ive finished 6 chapters so far and I must say I'm ready to find volume 1 just to have it. Its very educational.

Very interesting. It sounds like to me the system is designed to keep the little man down. I personally dont know anyone that makes over $150,000 a year. It seems *** backwards on when that limit is lifted. Your not gonna miss $5000 as much as someone would that makes $35,000/yr.

I like neds point when you observe it as a long term approach, wheather it be a long term use or if it aids in a sale.

No. Just in general. This landlord for a friend of mine is acting like he cant do all the repairs the place needs all at once because its not all tax deductable? Sounds like to me the landlord likes to spend the rent money, but i dont know. Thats why i'm asking.