Multi-owner deer camp/hunting property; anyone doing it?
05-01-2007, 12:49 PM
#11
Nontypical Buck
Join Date: Feb 2007
Location: Denton, Texas
Posts: 1,335
RE: Multi-owner deer camp/hunting property; anyone doing it?
ORIGINAL: zuren1cs
The vote seems to be pretty unaminous,don't do business with friends! I'm not terribly surprised by this but I guessI just needed to hear it from others with experience.
The other and probably most viable options areas follows:
- findproperty somewhere that is3 separate lots next to each other
- offer to buy one piece that the owner would splitinto 3 lots
- one of us buy1 larger lot then immediately split it into3 and sell two tothe otherfriends
So I'm going to continue toresearch how this couldhappen. Thanks for the feedback so far!
The vote seems to be pretty unaminous,don't do business with friends! I'm not terribly surprised by this but I guessI just needed to hear it from others with experience.
The other and probably most viable options areas follows:
- findproperty somewhere that is3 separate lots next to each other
- offer to buy one piece that the owner would splitinto 3 lots
- one of us buy1 larger lot then immediately split it into3 and sell two tothe otherfriends
So I'm going to continue toresearch how this couldhappen. Thanks for the feedback so far!
05-01-2007, 04:16 PM
#12
Nontypical Buck
Join Date: Jan 2005
Location:
Posts: 1,118
RE: Multi-owner deer camp/hunting property; anyone doing it?
Owning land with friends is not trouble if you set it up right. 1st off get only get as few people together as needed to afford the land. You dont want overcrowding!! Make sure all of your goals, hunting styles, methods, ideas, management(QDM or whatever), work ethics and attitudes are cohesive. All these things must then be put into the by-laws. Again, I say by-laws, by-laws, by-laws!!! Define everything in them from the start.
My club is called FCHC, Inc. 8 of us own 200 acres of mostly woods mixed food plots in northern MO. We have guidelines for everything setup including harvests, guests, work days,transfer ofshares, andpenalitiesfor violating them.Everything we have has been created with the assistance of an attorney. Rules can be changed or added only with majority votes. We have our differences but overall the land and camraderie is enjoyed by everyone.
My club is called FCHC, Inc. 8 of us own 200 acres of mostly woods mixed food plots in northern MO. We have guidelines for everything setup including harvests, guests, work days,transfer ofshares, andpenalitiesfor violating them.Everything we have has been created with the assistance of an attorney. Rules can be changed or added only with majority votes. We have our differences but overall the land and camraderie is enjoyed by everyone.
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