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Few questions about buying a house thats a 'fixer upper' and has a cellphone tower on the property.?

  
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Few questions about buying a house thats a 'fixer upper' and has a cellphone tower on the property.?

Postby hillocke » Tue Mar 20, 2012 1:03 pm

We are currently renting an old farm house that has been turned into a duplex. I love the house!! My husband has expressed our intrest in owning the home to our land lord since the day we moved in. he is 87... This house was the home of his great grandparents on their 104 acre plantation. He wants someone to take care of it when he dies. His children have no intrest in owning the property. They said they would level the house and piece out the property to the first person that puts up an offer, just to be 'done with it.' He really wants us to buy the house. Today he told me that he served my neighbor eviction papers last week and he wishes me and my husband would just buy the house so he dont have to worry about it. The property is now only 50 acres, the house sits on about 1 acre, there is a wetland that he brings in income for keeping on his property, and a sprint cell phone tower that he also gets income from, and the rest is farm land that he leases to a local farmer. We spoke to the farmer and he wants to buy the field. I think that now is the best time to start talking about a.price and working out the details with my land lord. We have no intrest in the wetland, too much upkeep. But we want the house, the acre that the house sits on and the tower (its probably within that acre possibly right outside of it)
Few questions:
How do you go about buying property with a cellphone tower currently in lease on the property?
How does that work? Like do they pay me each month or what?
And how much is an average lease for a tower out in the country, on a main road, with its own access road, on farm land, when it the only one of 2 that ive seen around here?
The home NEEDS to have all the electric updated, and the plumbing, and *if possible, we would like to get sewer out here rather than our current septic. Everyone keeps telling us that we cant get a loan on a house with outdated electric and olumbing. Is that true? Cant we get a loan to cover those expenses??
hillocke
 
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Few questions about buying a house thats a 'fixer upper' and has a cellphone tower on the property.?

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caomh
 
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