Kentucky Real Estate Business

Posts Tagged ‘Land’

Tucked away along the Tennessee – Kentucky state boarder is one of America’s greatest outdoor secrets.  The Land Between the Lakes National Recreation Area (LBL), features more outdoor activities than you would expect to find in most National Parks.  LBL expands across 170,000 acre of natural preserve.  The Park lies right between Lake Barkley and Kentucky Lake.  The LBL national recreation area was created in 1961 by President Kennedy, and it includes all sorts of wild species.  Hunting and fishing are permitted during specified times. 

A 750 acres restored habitat is set aside and houses bison and elk and is open to park visitors.  Further, LBL includes several campgrounds with one specifically set aside for horseback riders.  Trails throughout the park are designated for off road vehicles, hiking, and mountain biking.  Beyond the Bison and Elk, the Land Between the Lakes national recreation area is home to wild turkey, deer, bald eagles, bobcats, and several of other species native to the Western Kentucky region. 

Beyond the natural beauty and amazing collection of wild animals, LBL hosts a historically accurate, working version of an 1850′s farmstead.  Known as The Homeplace, this farm allows visitors to walk back in time and see how early settlers lived and worked.  The farm includes a historically accurate house with a working kitchen, an active, livestock filled barnyard, a wood working shop, as well as fields that are planted with native produce.  Throughout the year there are Special activities are conducted at the Homeplace, and visitors are invited to participate.

Another attraction inside the borders of LBL is the Golden Pond Planetarium and Observatory.  This working planetarium is open year-round for shows that will both entertain and educate visitors with a look into the outer universe.  The Planetarium is inexpensive and it is a great family attraction for those looking for some quality time. 

Even though LBL sees over 2,000,000 visitors a year, the park doesn’t seem to get crowed as visitors are spread across the vast terrain or are enjoying water sports on the lakes.  Outside the borders of the park you will find all the dining, entertainment, golf, and family fun that you would hope for in a vacation experience.

As you are planning your next vacation, take a look at the Land Between the Lakes national recreation area.  Once you see all that LBL area has to offer, you will find it hard to resist.  Visit www.LBLguide.com for more information.

The SKE State Virtual Land Market HYIP income opportunity is an excellent investment opportunity to get into. There are many things that you should know about this type of an HYIP opportunity including the fact that it is extremely risky.
Buying virtual squares through the SKE State Virtual Land Market is something that anyone can do. You don’t have to own your own website or business to buy squares and earn a profit. You can advertise your business or your own website any way that you want to. You can have referral links if you like also.
The way that you advertise through SKE State Virtual Land Market HYIP is by purchasing a square. You have to purchase at least one square. You must become a member and purchase a square to begin your advertising. However, the more squares that you own, the more it the advertisement will be displayed.
The way that your squares make money is because they are worth an additional 1% each day. This means that if your square is worth $100 today, then tomorrow it will be worth $101. You can sell your squares anytime you like. When you want to sell your squares, all you need to do is go to the members section and select which squares you have that you would like to sell. Usually, it only takes about 48 hours for the money to be transferred when you sell your squares.
The reason that buying advertisement squares from SKE State Virtual Land Market HYIP is the best opportunity is because your advertisement squares are always worth a higher price and you always make a profit. The longer you own your squares, the higher the profit you make on them. You can sell them anytime at a higher price and enjoy the profits from your sales from SKE State Virtual Land Market.
The primary purpose of buying squares from SKE State Virtual Land Market if for advertising. You can advertise your company inside the squares. You can put your company logo, website, sale information, and special offers, whichever you prefer. Many people like to provide an attractive picture that is eye catching to investors. The squares will be linked to your website and increase your traffic also.
Another benefit with advertising your business by purchasing advertising squares from SKE State Virtual Land Market is that you don’t have to pay a fee for withdrawing. The way that fees are applied is by when you purchase squares and hang onto them longer than three days since the purchase date.
Since there is a 1% increase each day and after three days there is a 5% fee, you should sell them within the three days. The best way to purchase squares through SKE State Virtual Land Market is to buy them and sell them within the three day period. This means that you should not hold onto any squares for a period longer than three days or you will be losing money.
SKE State Virtual Land Market is an excellent way to earn money and advertise for your business. This company provides a way to purchase and sell advertising squares at a higher price and you can benefit from an income opportunity. However, the turnaround of your squares must be within 72 hours.

Can foreigners still own land or a condominium unit beyond the foreign ownership quota with a Thai limited company in Thailand? In new regulations issued by the Thai government (starting in May 2006) this circumvention of the law by foreigners is no longer ignored by the Thai government.

Thai law permits the purchase of land or condominium by a partly foreign owned Thai company so long as the maximum foreign shareholding does not exceed 49%. Foreigners are under Thai law as a minority shareholder allowed to control a Thai company that owns immovable property and therefore you could argue that foreigners can have a form of freehold ownership or control over property that would normally be restricted for foreign ownership (land or a condominium unit beyond the foreign ownership quota).

Even though property ownership by a partly foreign owned Thai company is a such not illegal under Thai law the Thai government is restricting and discouraging the misuse by foreigners of Thai companies to circumvent property ownership restrictions in Thailand. The Thai government has issued guidelines and regulation that must be applied by the local land offices when they are dealing with a partly foreign owned company.

Before the land office guidelines issued by the Land Department and Ministry of Interior starting in May 2006 it has been common practice for foreigners to own property through Thai limited companies. Currently this is much less common and foreigners who wish to form a company for property ownership will generally have to circumvent the land office regulations and have the shares in the company only registered in their name after the property is registered to the ‘holding’ company (this to prevent investigations into the Thai company and shareholders by the Land Department when registering the property). Under the current land office guidelines, when a partly foreign owned company is registering property (land), the Thai shareholders in the company must be investigated by the land office official before registration and transfer to the company is allowed (i.e. is it a real company or set up to circumvent the law and are the Thai shareholders in the company real shareholders or acting as nominees on behalf of a foreigner).

Existing partly foreign owned (up to 49%) Thai property holding companies are generally ignored by the Thai government but the main drawbacks the foreigner must be aware of are:

1. The purpose of a company may not be to circumvent foreign property ownership restrictions in Thailand. This would be an illegal purpose, making the whole legal set up and registration into the company’s name void under the Civil and Commercial Code and illegal under the Land Code Act. The company must have a business purpose and be in operation as a normal company and file yearly balance sheets and correct accounting (i.e. the company can under Thai law not be a ‘special purpose company’ or ‘land holding company’ for the foreigner)

2. Foreigners are not allowed to use Thai nominee shareholders in the company. According to the current guidelines ‘real shareholders’ are roughly defined as Thais with sufficient income and believable financial history and status, have an employment history and they must be able to proof this at the Land Department (investigation into the company and Thai shareholders only takes place at the land office when registering the property or transferring the property).

3. Whenever registering legal acts (e.g. selling the immovable property) at the Land Department the land office official must investigate the Thai shareholders when it appears to be a partly foreign owned company, even if the foreigner is removed from the updated shareholder list but appears on the Memorandum of association this investigation is under the latest regulations required.

Foreigners who decide to go the company route with additional property ownership in mind (land, land and house or condominium) should be advised by a Thai lawyer with experiences in business and property law. Too often foreigners who set up companies to own property are not properly advised and end up with problems at the Land Department when registering the property because of mistakes made by an inexperienced lawyer.

For more information visit our website www.thailandlawonline.com or email us for more information at info(at)thailandlawonline.com

Have you considered investing in farm land in Texas? Why not consider all that central Texas farm land for sale has to offer for investors and those looking for a great place to settle in and farm on.
The people that own land and live here have it made. Picturesque landscapes dotted with colorful wildflowers, lush green and forested areas, rolling hills, and fertile farm land are everywhere. What’s more, the famous Hill Country of Texas reaches into central Texas from the south and its cities of Austin, Killeen, and Temple are some of the most rapidly expanding cities in all of Texas.
Despite the rapid growth of its bigger cities, it has an abundant supply of the most fertile farm land on the market that any farmer would be proud to own and smart investors happy to profit from.
A central Texas land broker is the recommended go- to-person to find the farm land that is for sale here. A land broker of course brokers land deals between buyer and seller. But that is only part of the story.
A central Texas land broker will look high and low and knock on the doors of all their contacts to find you the farm land for sale that is in line with your intentions for owning farm land.
Are you looking for farm land for sale that would be good for a start-up farming business or one that you can farm yourself? A land broker can help you find such farm land for sale.
What if you have bigger aspirations for the central Texas farm land you buy? Like a multi-farming operation or land that you can sublet to other farmers in the area for additional income and profits? A central Texas land broker can find the farm land to match your aspirations.
Are you looking for farm land in more populated areas or do you prefer to own farm land in less populated areas? A central Texas land broker can locate farm land currently on the market in areas with populations more to your liking.
Central Texas land brokers can help out of state investors with finding farm land that they can invest in for profits. Central Texans welcome having new neighbors. But if you only want to find farm land for sale for investment purposes only, they won’t poke their noses into your business.
If you are intent on relocating here, a land broker can help ease your transition into being a proud central Texan. They have helped many people to do this and more and more people choose to relocate to central Texas each year.
A land broker is aware of the school systems surrounding the farm land for sale so that your children get the quality education that you want them to. From small class size to accelerated learning, to higher educational opportunities, central Texas has all of this and more.
Maybe the wife isn’t too keen on being a farm hand. All farm land that is either located within a large city or that are a close traveling distance to large cities where many job opportunities exist. Your wife can work in the city without a long commute to and from work.
You won’t have to wander far to find good food, friends, and plenty of exciting things for you and your family to do. You may even want to host a good old hog roast and invite area farm families and others to come share good eating and fun with you and your family. Dust off your boots and cowboy hat and let loose at an old fashioned square dance.
Central Texans love family, farming, ranching, hunting, fishing, water activities, sports, music, dancing, live shows, tasty food like barbeque and Tex-Mex, helping others and living a good life.
Give a central Texas land broker a call or visit one of their websites online and submit a detailed form to explain to them the sort of land that you are looking for.
The people that own land and live here have it made. You could be one of those lucky people; you could be a resident here. Ask a central Texas land broker to help you find what you are looking for in farm land soon.

This is possible if the plot of land is not sold to another new owner or the land owner stay alive long enough to renew your lease terms. Other than this, it is fallacious to think that you can lease a plot of land for 90 years under Thai civil laws.

Under Thai civil laws, a long term lease of a plot of land can be up to a maximum lease period of 30 years. The law also provides for leasing land for the life period of the land owner or the lessee. A 30 years lease of land is a long term lease and has to be made in writing, signed by the lessor and lessee and registered at the district Land Office in order to be legally enforceable. In Thailand any lease of immovable property for more than 3 years must be registered. The registration of the 30 years lease period at the district Land Office means that you, the lessee, have the right to use or benefit from the plot of land for the registered 30 years lease period. No other third party would be able to use or receive benefits from the land for the 30 years. If the land had been bought up by a new owner during the 30 years, this new owner is binding to your 30 years registered lease i.e. allow you to lease the land for the registered lease period. In legal language, you have a real right over the land for the registered 30 years.

Any promises to renew the 30 years lease term for another 2 x 30 lease terms are just promises agreed upon between the land owner and you. An example of such personal promises can be a stipulation in the lease of land contract: “the lessor agrees to renew the lease for another two 30 years lease terms”. Besides the lessor and yourself, no other person is contractually binding to these renewal promises. A third person is not a party to these promise agreements. Therefore, when the plot of land is sold to a new owner, the new owner is not binding to the promise to renew the lease at the end of the 30 years registered lease.

If the land owner dies, the promise dies too, whoever is the land owner at the end of the 30 years is not obligated to renew the lease as well.

Tip

One of the recourse would be to lease the plot of land for only 30 years. Register the written and signed lease of land contract at the Land Office. Alternatively, you may want to consider purchasing a condominium unit(s).

** Written by David Tan. David is a Lecturer of Business Law at Asian University and author of the book “A Primer of Thai Business Law (Second Edition)”, available online at www.chulabook.com . In Bangkok, the book is available at all Kinokuniya and Asiabooks bookstores. Any questions or comments should be sent to Business Legal Advisory Services at: blas.inter@yahoo.com

 

Except in rare cases, a foreigner (a non Thai person) cannot acquire land ownership title in Thailand. As a result, leasing a plot of land for 30 years and registering this long term lease of land contract at the local Land Office is one of the ways known and practiced by foreigners.

Please note that I do not recommend a 30 years lease of land contract plus promises by landowner to renew the lease of land contract at the end of the 30 years. (This is explained in my article – Does a 90 years Lease of Land Exist in Thailand? published by Pattaya Mail newspaper on October 24, 2008) Foreigners are commonly advised to enter into a risky 30 years lease of land contract with promises by the landowner to renew the lease. However, these foreigners may not be aware that a lease of land contract can be made and registered for the lifetime of the foreign lessee.

Leasing land for the lifetime of the lessee or of the landowner is expressly provided by Section 541 of the Civil and Commercial Code:



“Lease contract can be made for the duration of the life of the lessor or of the lessee”



The lease will be registered as a lease for the lifetime of the foreign lessee. This registered right on the land or “real right” is binding on any third party for the lifetime of the lessee, this would include the landowner’s heir(s). In other words, no one, not even the landowner’s heirs, will have any rights over the leased land unless and until the lessee dies. A Land Office rule, effective since December 2008, confirmed that a lifetime lease registration made for the lessor’s (landowner) or for the lessee’s lifetime is only applicable to individuals or “natural persons”. The Land Office cannot proceed with the lease registration if the foreign lessee is a company, a partnership or any kind of juristic entity.

Tip

The lease registration fee payable at the Land Office is calculated based on the rental amount for the first 30 years lease period. The foreign lessee’s responsibility here is 50% of this fee, unless agreed otherwise between the landowner/ lessor and the lessee. Also, there is a stamp duty payable.



** Written by David Tan. David is a Lecturer of Business Law at Asian University and author of the book – A Primer of Thai Business Law (Second Edition), available online at www.chulabook.com . In Bangkok, the book is available at all Kinokuniya and Asiabooks bookstores. Any questions regarding land leases should be sent to Business Legal Advisory Services at: blas.inter@yahoo.com





 

The real-estate and land-investment business has evolved as the most profitable business for those who can put in lot of cash in the land or the property and wait for the increase in the value of the land and property. Although the property or land may fetch instant cash in exceptional times like the sudden increase in the value due to reasons in the market or due to the property’s unique location. This makes for the type of real estate investing type called the short-term-investment, the long-term real estate and land-investment means that the investor has to wait for a long time for the land or the property to consolidate worth.
Making a short-term investment depends largely on the professional’s skill, study and experience of the market. The long-term real estate and land-investment type is generally considered the most profitable investment since the period of the investment is long the returns are also great and provide good return on investment in the business.
The different real-estate and land investments are REITS, rental properties, vacation rental properties, and raw land investments. These different types of real estate and land-investment types have their own risks and benefits, which the investor must study carefully before investing.
REITS or Real Estate Investment Trusts
The Real-Estate-Investment Trusts are organizations that are involved in the buying, selling, land and property development and management. The real estate investment trusts companies work as a security and sell their products on all the main stock exchanges are the stocks. These REITS work in a standard way, they put in their money directly in the business in the form of mortgage and property. The special feature of this type of real-estate and land investing is that they enjoy an exclusive tax consideration by the government and the returns the investor receives are higher and are easily convertible to cash for the investor as compared with other types of investments. This type of investment is ideal for individual investors and they can buy the shares directly from the stock exchange or through their broker.
The other type of real-estate and land investments option is the real-estate partnership, where different individual investors come together. These individual investors gather their funds and other resources and direct their investments only for the real-estate investments. The investment is a kind of joint ownership in this investment group. The vacation rental property is another type of real estate investment where the investor gets regular income from the rent of the property.
The vacation rental property investing is known as the long-term investment option and this type of investment enable the investor to not only have regular rental income but also they can sell the property once there is enough value for it despite the rents received. However, for availing the good value the investor has to maintain the property in good condition. In the raw land investing, the investor reaps profit from its natural resources or develops the land then sells it for big profit.

Land surveyors play an integral role in the effective functioning of land surveying. Hence it is very much sure that there would be high demand for the qualified and the well established land surveyors. It is quite obvious that before the inception of the construction of any bridge, building walls, there is a requirement of the land surveyors at every stage. Incase you are a well qualified land surveyor intending to start the land surveying business then work with the assumption that the land surveying business was commenced for you and last in the industry to provide quality service thereby satisfying your wide range of customers. If you are intending to run a successful land surveying venture, then it is essential that you have access over the modernized land surveying technology  and the mechanization even the computers and the laser technology.It is always possible that you would be able to function on the particular land surveying ventures with the existing technology, but sometimes it may be possible that the size of the land surveying ventures may create the requirement of hiring qualified professionals, or similar professionals just because of the complexity of the survey. The skills which you would require to run a highly successful business venture are your excellent surveying skills. These surveying skills would be enhanced with your years of experience. You will also need to market your service  and get the message conveyed across to the customers about the operation of the land surveying business so that you can build a strong client base and it would be essential that you become successful in retaining your list of clientele by satisfying their needs and providing them excellent high quality service. Experience Required: After you are done with your graduation it is essential that you work under some professional company as an apprentice so that you gain the valuable experience and the different techniques from them. You would really get valuable exposure as an apprentice which you can further use for the good functioning of your business. Some of the duties and the responsibilities which are required to be performed by them so that they render valuable service to their clients have been listed below: •    The land surveyor must ensure that there is coordination between the surveying efforts of the project in the particular area of interest •    Supervise the functioning of a minimum of 3 crews and manage the office support teams. •    Render technical and operational guidance to the different teams.•    Ensure the performance of the projects adhere to the technical standards•    Render the ongoing performance of the project to the client•     Review and update the invoices of the onshore surveying projects•    Ensure the implementation of the onshore surveying standards•    He must be actively involved the tendering process of the onshore geomatics project•    He must update the technology for the process improvements of the day to day projects•    The land surveyor must manage the sub contractors and comply with the formalities of the HSE.

There are many conditions affecting land values. If you are interested in purchasing land as an investment opportunity, it’s important that you know some of them. This will help give you an idea of how much and in which direction your land value is likely to fluctuate in the future.

Land Scarcity and Land Values

As with most tradable goods, the more land that is available, the less it is worth. The amount of available land in an area lends to its value. If there is a limited amount of land in an area that you can purchase for a reasonable price, you have a tremendous land buying opportunity.

Arability and Land Values

Cultivable land is extremely valuable all over the world. You may not be interested in growing anything on your property, but if you own land with fertile soil, you are likely to find someone who is, and you can sell your land at a considerable profit.

Zoning Issues and Land Values

Many areas have local governments that may place restrictions on land development. Depending on the restrictions, this may have a negative affect on your land’s value. The more freedom one has to develop their land, the greater the potential value of that land.

In some cases, this may be counterbalanced by the perceived prestige of the area. For example, if your land development is heavily restricted because it is in a community with many wealthy landowners who do not wish their community disturbed, you may be sitting on a very valuable piece of property.

Development and Land Values

Naturally, the value of your land may be dependent on what you develop on it. If you create a thriving business on your land, you may include that in the total value of your property. In fact, you could even sell that business and retain the land, enjoying the hard profit from the sale of the business while continuing to generate income from the business’ use of the land.

Taxes and Land Values

Different areas are taxed at different rates. This will not necessarily be a major factor in your land value, but high taxes may deter some potential buyers.

Security and Land Values

The relative safety of an area may also be a consideration. Land values in peaceful countries will probably be less variable than land values in war-torn areas of the world.

As with any other business, scumbags and other malicious-minded people are sure to abuse any aspect that they can find they can take advantage of. The same holds true with land buying. More and more people are becoming victims of fraudulent arrangements with regard to buying or selling lands, and more and more companies are plotting land marketing schemes to rip people of hundreds and thousands of their hard-earned dollars. Obviously you wouldn’t want to become part of this horrible statistics. You need to know how to distinguish the genuine over the fraudulent transactions when it comes to looking for land for sale or land buying.

Everybody should be aware by now how wise it is to invest in land for sale. Over the last decade, investment in land has shown fantastic results for all those who have put in money on promising land for sale. This is because of the simple law on demand and supply. The world’s population is expanding but the earth is nowhere near going any wider as it is now. So if you have the chance to buy land and the chance to develop it for residential or commercial use you might as well grab it as early as now and you will never regret having done so.

Note that in getting into the business of looking for land for sale and eventually developing it ready for sale again, the value of the land for sale will always reflect the use it will have for the buyer in the end, whether it be for commercial or for residential purposes. But it doesn’t end there. The economic use of the land will make up a big percentage of the final selling cost of the land. Of course, all permits and development fees should likewise be taken into consideration. In this process, one should be very careful. Many false agents will try to coax you into buying land that is either not legally for sale or will not be as useful even after it has been developed. Try to make sure you get in touch or make transactions only with reputable agents that you can trust.

To free yourself of land buying scams, you may also opt to sign an option agreement with your developer. This is where you as the landowner gives the developer rights to purchase the land within a set period of time, giving you the capital sum of regardless of whether the developer is successful in developing the land or not. At the developer’s side, they will not feel obliged to tie up all their capital on developing the land just to answer the pressure of time.

Crown Land is your most reliable company when it comes to land buying as they have been in the business for many years now. Having been able to build a good reputation, Crown Land knows every ins and outs of the business. Crown Land knows how you should start with your land investing plans so you end up earning and maximizing your profits. Crown Land knows what you should avoid and what you should pursue when it comes to buying the right land or developing it. With Crown Land, you are sure ensured of a hassle and worry-free land investing program.

In general foreigners (non-Thais) have no legal rights to land ownership in Thailand, except for a few rare exceptions. This means that the possibility of land ownership by a foreigner desiring to reside or to reside and to do business in Thailand is, in most cases, none. Consequently, this gives rise to the need to “work around the rules” or to look for alternative ways to own land in Thailand.

Well, there are various structured ways being used: (1) A foreigner leased a plot of land from a Thai person or company for 30 years (The longest lease period under the law), the lease of land contract signed by the lessor and lessee is registered at the Land Office. Also, it is stated in the lease of land contract that “upon the completion of the 30 years lease term, the lessor agrees to renew the lease period for another 2 x 30 years lease period”. This allows a foreigner to possess (not own) the land and to use the land for 30 years, plus maybe another 2 x 30 years lease terms. (Note: If the land is sold to a new owner, this new owner is not obligated to renew the lease period for another 30 years lease period. The lease period renewal is a promise made only by the lessor); (2) A Thai person, possibly a Thai girlfriend, wife or trustworthy friend, owns the plot of land and the foreigner owns the house or building situated thereon. (Thai law does not restrict a foreigner having ownership of a house or building); (3) A foreigner buy share(s) of a company limited that already owns the desired plot of land. To have ownership title of the land, the company limited must have a majority of its shares or capital held by Thais or Thai companies; or (4) A foreigner incorporates a company limited with the majority of its shares or capital owned by Thais or Thai companies. After incorporation, this company limited buys and own the plot of land. To have ownership control over the company limited, the Thai shareholders are either: nominee shareholders of the foreigner (illegal) or having their shareholders’ voting rights reduced (May become illegal given current proposed changes to the law)

Tip

A wise reader will see that, unless he or she wants to risk a relationship with a Thai person going very sour and losing the land and house or getting involved with a company limited structure with hidden illegality or potential illegality, the worry free way will be to lease the desired plot of land for only 30 years from a Thai person or Thai company who has ownership title of the land. Calm your mind and relax your heart, lease a nice plot of land from a Thai land owner for 30 years, register this long term lease at the Land Office and pay the rent up to 30 years only. At the end of 30 years, negotiate with whoever is the owner then to renew the lease. Otherwise, buy and own for yourself a beautiful condominium unit(s) overlooking the sea, beach and the sunset.

**Written by David Tan. David is a Lecturer of Business Law at Asian University and author of the book “A Primer of Thai Business Law (Second Edition)”, available online at www.chulabook.com . In Bangkok, the book is available at all Kinokuniya and Asiabooks bookstores. Any questions or comments should be sent to Business Legal Advisory Services at: blas.inter@yahoo.com