Short Line Investment?

[Anonymous]

QUOTE: Originally posted by tormadel

I understand the gist of what they're saying if not every term. Suffice it to say real estate is a big pain in the ***. It's just not as easy as going to Walmart and picking up a 6 pack of property to put you're business on heh.

Real property is an old and arcane part of the law. What's worse, railroads weren't around when it was invented, so it had to be cobbled in later and got less than the best seat in the house.

LC

[tormadel]

As I understand it in an easement you are buying the right to build and operate a railline through, or over if you will, someones property and you actually don't own a thing on it but you're railways gear (ballast, subballast, ties rails signaling equip etc.) But for an easement do you pay someone a one time fee for the right, or do you have to like pay rent on it? And years down the road when the origional owners grandchild is the one you're dealing with, can they be a pain in the***and try and throw you off?

I have read alot about government (both US and Canada) land grants to build the early railroads. How many of these were actual gifts of property and how many just easements?

Quit Claim deed sounds something like "Ok I give up here it's yours"
Whereas Warrenty Deed sounds to be "Really I swear this land is mine to sell, you can spank me later if I'm lying"

But, I do see how splitting up parcels of land would be more difficult then signing over the title to you're car.

[Anonymous]

QUOTE: Originally posted by tormadel

As I understand it in an easement you are buying the right to build and operate a railline through, or over if you will, someones property and you actually don't own a thing on it but you're railways gear (ballast, subballast, ties rails signaling equip etc.) But for an easement do you pay someone a one time fee for the right, or do you have to like pay rent on it? And years down the road when the origional owners grandchild is the one you're dealing with, can they be a pain in the***and try and throw you off?

I have read alot about government (both US and Canada) land grants to build the early railroads. How many of these were actual gifts of property and how many just easements?

Quit Claim deed sounds something like "Ok I give up here it's yours"
Whereas Warrenty Deed sounds to be "Really I swear this land is mine to sell, you can spank me later if I'm lying"

But, I do see how splitting up parcels of land would be more difficult then signing over the title to you're car.

Payment fo an easement can be in installments or all at once.

If you are a common carrier railroad the law prohibits a property owner from throwing you off, unless you abandon the track.

LC

[mudchicken]

If you are the railroad, you grant license agreements/contracts/permits and try to avoid the easement route to keep the user accountable. (S. I . Hayakawa Principle [:D])

[tormadel]

Well the real estate talk had inspired new questions in me [:)]

[Anonymous]

QUOTE: Originally posted by tormadel

Well the real estate talk had inspired new questions in me [:)]

And they are?

LC

[mudchicken]

LC - If I took your thread off on a bad tangent, my apologies.

tormadel: I second LC's "And they are"?

Mud

[Anonymous]

QUOTE: Originally posted by mudchicken

LC - If I took your thread off on a bad tangent, my apologies.

tormadel: I second LC's "And they are"?

Mud

No problem MC. I started this thread to learn a few things and see where it goes...

I may learn more than I thought, nothing wrong with that...

LC

[tormadel]

QUOTE: Originally posted by tormadel

As I understand it in an easement you are buying the right to build and operate a railline through, or over if you will, someones property and you actually don't own a thing on it but you're railways gear (ballast, subballast, ties rails signaling equip etc.) But for an easement do you pay someone a one time fee for the right, or do you have to like pay rent on it? And years down the road when the origional owners grandchild is the one you're dealing with, can they be a pain in the***and try and throw you off?

I have read alot about government (both US and Canada) land grants to build the early railroads. How many of these were actual gifts of property and how many just easements?

Quit Claim deed sounds something like "Ok I give up here it's yours"
Whereas Warrenty Deed sounds to be "Really I swear this land is mine to sell, you can spank me later if I'm lying"

But, I do see how splitting up parcels of land would be more difficult then signing over the title to you're car.

This was the bunch of questions I was referring to, sorry about the confusion. I would always like to learn more, but at this moment I don't know what questions to ask.

[Anonymous]

QUOTE: Originally posted by tormadel

QUOTE: Originally posted by tormadel

As I understand it in an easement you are buying the right to build and operate a railline through, or over if you will, someones property and you actually don't own a thing on it but you're railways gear (ballast, subballast, ties rails signaling equip etc.) But for an easement do you pay someone a one time fee for the right, or do you have to like pay rent on it? And years down the road when the origional owners grandchild is the one you're dealing with, can they be a pain in the***and try and throw you off?

I have read alot about government (both US and Canada) land grants to build the early railroads. How many of these were actual gifts of property and how many just easements?

Quit Claim deed sounds something like "Ok I give up here it's yours"
Whereas Warrenty Deed sounds to be "Really I swear this land is mine to sell, you can spank me later if I'm lying"

But, I do see how splitting up parcels of land would be more difficult then signing over the title to you're car.

This was the bunch of questions I was referring to, sorry about the confusion. I would always like to learn more, but at this moment I don't know what questions to ask.

You are generally on the right track, but these are legal matters where nuances count. My best suggestion for you, short of going back to law school (been there, done that) is to do a bit of reading in real estate law or attend some basic real estate investing classes. Pretty much everybody should have a basic knowledge of real estate even if only to keep from getting into trouble when buying or selling a home or business.

LC

[Anonymous]

jodom, what's your connection to the Chattahoochee Industrial Railroad? I retired
from this railroad after 30 yrs. one of my mentors there was oodom.

[SALfan]

QUOTE: Originally posted by jonahranch

jodom, what's your connection to the Chattahoochee Industrial Railroad? I retired
from this railroad after 30 yrs. one of my mentors there was oodom.

Don't really have any connection, other than reading, enjoying and remembering an article in TRAINS years ago. The description at the beginning of the thread sounded a lot like the CIRR, other than the coal. Don't know the gentleman whom you mentioned, but you'll find Odoms all over - I met two brothers from Oklahoma when I worked in Arkansas.

[Anonymous]

jodom, that article was in the july 1982 trains mag. old alcos never die in georgia. i just got a copy sent from their stock of back issues . swapped emails with the editor about
his visit to the CIRR years ago. thanks for the reply.