If you do a Sub S Corp you get a limited # of shares so if you have 10 owners issue 10 shares of stock & the stock can only be sold back to the S Corp. So you have 1 deed to the S Corp & each owner gets 1 share of stock.
I have some experience in RE from having a license in two states but also know enough to seek professional help in the local or state when necessary. I "think" S-Corp would certainly help with financial and /or tax issues. But I also know that different states have different rules on multiple owners holding land title. Lots to consider there, but perhaps too early in the process to fret too much about now. I think we are more in the stage of "putting feelers out" for appropriate areas and specific land and seeing how many might be interested in some sort of community.If you do a Sub S Corp you get a limited # of shares so if you have 10 owners issue 10 shares of stock & the stock can only be sold back to the S Corp. So you have 1 deed to the S Corp & each owner gets 1 share of stock.
So good to see responses and stories. I like the 'circle the wagons' approach. Assuming everything else is in order (zoning, available water... probably delivery...)At one time I might have considered utilities to be a major problem and/or cost. But I have been learning how to booddock long enough and technology continues to improve to the point that off-grid is now much easier to accomplish. My remaining concern on this subject would be local or county requirements. My next issue would be water. Is a well or harvesting rainwater for non-potable uses locally acceptable? Depending on distance and access, trucking in drinking water might be OK. Next, I have been told that in some areas a DIY 55gal septic is allowed - but not everywhere. I think I would go with a DIY composting setup before an actual outhouse.
I am thinking that with many of us, just a place to legally "circle the wagons" would get us by for a short period of time.
The Escapee contracts might be informative but the Escapee parks I have seen look like this>^^^There is also an Escapee’s at Benson Arizona you might like to visit.
I agree Bullfrog, but that RV park looks too packed together. Surprised Escapees would do that.Depending on where you are from medical facilities and your individual situation as you get older you may find having someone close enough to be able to get emergency help an advantage. Being able to set off your car alarm to summon your neighbors help is a simple solution. After all a home base is generally something for nomads that no longer travel often due to health reasons. Guess it depends on if you are building a community or just selling lots. As you get older a “stones throw” isn’t as far as it was when you were younger! Lol!!!
I've stumbled across another series of videos from a nomad buying land. This one is Nomadic Fanatic and one of the videos at shows his purchase of a 1-acre lot. I think I could be happy on 1 acre. Then he has several other videos showing subsequent activities. What set this apart was the back story that another nomad named Kevin already had a nearby lot and provided a few parking places for others now looking for land in the area. And apparently, Kevin had been supported by another previous nomad. And so on...
This was one sort of "community" I found appealing and avoided any joint ownership issues. Not that I am necessarily against joint ownership. I can certainly see that larger pieces of land with more informal site distribution might require that. But I am putting this forward as thinking fodder.
I think that once an area (county or state) is identified as a possibility, we would be smart to contact other nomads who have already settled there to ask them directly how they have handled such restrictions. In my internet searches, I have mainly found links to the folks selling their services or local authorities for whom cost is just not a factor. I have also found it's a good idea not to rely on any single search engine, as some are more oriented toward their advertisers and sales in general.Ron, This is just what I needed . Earlier today I started looking at a few Arizona counties regarding living in an RV
on property you own. From the links provided by www.landsidekick.com, I came away believing all counties had
SEVERE restrictions and it just couldn't be done. After watching the video of nomadic fanatic and reading between the
lines of early reading, I now believe that if one shows that a proper septic system will be installed, and that your rig
does not provide a health and well-being threat to the community, and the land, it would be approved. A septic system
would have to support a toilet and all waste water. A van dweller might find it tougher to get permission, but the fall-
back position of getting and older camper with systems built in would seem to work.
Like you, the 1-acre sites do offer a lot of simplicity. In fact, since rural land is probably less than $2000/acre, if there were
4 people who wanted to do this, they could each buy an extra acre with the idea of eventually expanding the community.
Show Low area could certainly work, but is very short of ideal. Much closer to ideal would be ares with a few miles north
of Prescott. Excellent hospital, shopping within a half an hour. Including a great VA medical center. And, only 4600 ft, instead of 6300 ft in Show Low. Specifically, I found lot of land for sale hear Paulden. I will contact the Yavapai County
offices soon and report back. In fact , there is abundant boondocking within 10 minutes north of Paulden that I have used.
I like this >"When someone dies or goes to a home the S Corp gets 1st chance to buy a stockholder out."
thinking. That has been one of my concerns with any group plan.
I am so glad you started this thread! I am actually looking for property. I just started. Let me share what I am doing or going to do. I am going to use several methods at once.I am starting this new thread specifically for those of us who think buying a hunk of land is a good idea. Whether as an individual or a community. We have already had some conversations in another thread and in PMs. So, we are not looking for discussion about IF we should do this. Only about the how, when, and where of it all.
The problem is that typical quotes I have seen on traditional sepic systems often exceed the cost of the land and other improvements that I am looking at. Maybe paying $10K to $20K for septic is OK when one is buying and building something costing >$100,000. But it's enough to make one decide "it's not worth it" for what I have in mind.States vary on how they do real estate transactions, but using a realtor because of title insurance I dont believe is needed. The states Ive done transactions in, anyone can walk into the title company and have the title work done. realtors can be beneficial, they also will often deal on their percentage if asked.
The permits, septic specs etc arent that tough in the places Ive built. The guys that install septics know the drill, or if you are doing it yourself, if allowed wherever you are, get the info and study it, its not rocket science.
The thing to keep in mind in dealing with the county or whoever does inspections and permits is to let them feel you are there to do the right thing, not trying to get around the rules and whine and complain about how things work. All Ive ever worked with were very easy to get along with. Others have said they werent, but they also were trying to not have to meet all the rules if they could avoid it.
Thanks for the input. For me, a more remote location might be OK. It's a matter of balance between cost and convenience. I can probably afford to finance more than I really want to finance. I am still gathering data, but I would probably be more willing to be further from "civilization" if it included less regulation.Finding and buying raw land where you can live in an RV anywhere near civilization and utilities was impossible for me within a budget of $50,000 within a 150 mile diameter circle centered by Tucson. You may find it might be cheaper and easier in the long run to buy a property with established utilities at an old mobile home or small house site with a big pole barn. You could then park your RV inside the barn and live most likely without much outside interference. There are a few small acreage sites like that scattered around the area of Southern Arizona but they are usually much more than $50,000.