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Property Information / Lots of Questions
« on: October 04, 2008, 03:53:45 AM »
Hi All,
I am brand new and know very little about real estate investments so I am, at this point, basically looking for guidance and advice. I have an opportunity to purchase 160 acres on Hwy 17 ( it actually is bordered on one side by the Hwy) in the area of Massey / Walford, Ontario. As you can imagine, it is not very expensive, given the size, and I am considering researching to buy it.
My first question would be:
If I wanted to know if a logging company would want timber rights to the property, what steps would I take to find this out? The owner has had the land for 25+ years but has never even walked on it, as it was inheritance. Does someone do a quantitative survey to tell you what quantity and grade of timber are on the property, and if so, what would this cost me to get done? Any links to relevant websites would be appreciated.
Next question:
I have been told that there are mining rights allowed on half the property only. If I had the land parcel number, how would I go about finding out if there were any limitations to the development of this land in the future? Once again, any links would be appreciated.
If I am on the wrong web site for these type of questions, I apologize. I do not want to go on a site where I will be bombarded by real estate agents, if that is even possible with this land, so any links to more relevant websites would be appreciated.
Thank-you in advance,
Corey
I am brand new and know very little about real estate investments so I am, at this point, basically looking for guidance and advice. I have an opportunity to purchase 160 acres on Hwy 17 ( it actually is bordered on one side by the Hwy) in the area of Massey / Walford, Ontario. As you can imagine, it is not very expensive, given the size, and I am considering researching to buy it.
My first question would be:
If I wanted to know if a logging company would want timber rights to the property, what steps would I take to find this out? The owner has had the land for 25+ years but has never even walked on it, as it was inheritance. Does someone do a quantitative survey to tell you what quantity and grade of timber are on the property, and if so, what would this cost me to get done? Any links to relevant websites would be appreciated.
Next question:
I have been told that there are mining rights allowed on half the property only. If I had the land parcel number, how would I go about finding out if there were any limitations to the development of this land in the future? Once again, any links would be appreciated.
If I am on the wrong web site for these type of questions, I apologize. I do not want to go on a site where I will be bombarded by real estate agents, if that is even possible with this land, so any links to more relevant websites would be appreciated.
Thank-you in advance,
Corey