Should You BUY LAND as a GROUP? Here's What to Consider... - Ep. 146

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  • Опубликовано: 7 ноя 2024

Комментарии • 81

  • @chadwestover2311
    @chadwestover2311 10 месяцев назад +1

    Useful things she said.
    1. Value the work at the real world rates.
    2. Keep track of what each land buyer did. The value if work over time could change the percentage of ownership.
    3. Have answers to all the situations that can happen.
    Divorce, death, wanting to leave the land group. Having children.
    4. Write in plain speak not legal talk.
    5. What if the group agrees one person needs to go because no one likes their attitude or energy.

  • @weefiah1
    @weefiah1 Год назад +15

    Communication is key just like any other serious relationship. Getting lawyers involved early is also a pretty big factor if only to shed light on possible scenarios and to get everyone on the same page.

  • @sandraangangan5583
    @sandraangangan5583 Год назад +3

    Thanks, Summer. Wish i heard this message a few years back.
    My hubby and I entered into a partnership with good friends. We were supposed to get things in writing, but we never did. After my husband and I paid the mortgage for 3 years, as they had cash for their payment, we parted ways. We did all the work, and we created a massive organic garden, using downrd cedar trees and reclaimed metal roofing. etc. We hand cut almost a mile of trails. As well as most labor on the property. Let's just say it didn't end well. And at this point, I never want to partner again. But if we do, it will be all in writing. Nothing will be left out. We don't want anyone to feel we used them, and I never want to be used again. It really hurt us. We are no longer friends. 💔 you guys understand the importance of everything in writing and that changing the details as you go is also important. Much love and blessings to you all.

  • @donnas3148
    @donnas3148 11 месяцев назад +1

    We have a family community that is still working 70 years later. My grandfather, great uncles and some of their friends bought 65 acres and started a club. We have a community house, beaches, playgrounds. Each member got a 1/4 acre of their own to build and each child as they came of age could also become a member. We have dues, follow Roberts Rules for meetings and have details for community work to keep the club running.
    As generations went on, I am second generation, the comradery gets lost and younger generations loose the scope of the founding members. It is harder to keep it communal as those that live there permanently or plan to retire there feel differently than those that use it as a recreational place.
    I have hope that we will continue for many more generations.

  • @jodylagos4543
    @jodylagos4543 Год назад +1

    Wow Summer, your way of explaining and interview style is just amazing. I wish I had access to the info your now providing 6 years ago. I am homesteading in TN. Started as a family thing with 13 acres. Pooling money and making decisions together. When my uncle passed in 2019, then COVID, things went down hill. In the process my partner and I did actually expand to 17 acres. For about 3 years we have just been holding on. This fall we have been able to get so much done and watching these wide range of people's experiences is just what I have needed to give me that second wind. Thanks so very much.
    Our properties has only one acres with grid power, most off grid, a swamp restoration and burnt down house. It is quite a mess lol but it is home.

  • @brianandtamiolson2330
    @brianandtamiolson2330 Год назад +6

    This was such a great video. The talk was really stuff, everyday issues. I love your realism and truth it’s why I watch you on all channels. ❤️

  • @aaronolsen3985
    @aaronolsen3985 Год назад +1

    Amazing video! This is actually also good advice for a group of friends going into business together. I started a worker cooperative business with friends/colleagues and nearly all of the same issues discussed here were issues we had to discuss too (e.g. relative value of different types of labor, cash vs labor contributions). Everything is working out great bc we have had great communication all along and have a very clear (but still amendable) member agreement. Thanks for sharing this- it's really reaffirming.

  • @garykandmimisgarden1662
    @garykandmimisgarden1662 Год назад +3

    Thanks for sharing. I wish you guys all the best. After retirement I tried to live off my land in upstate New York like my grandparents but found the taxes to be oppressive. I wound up selling my 90-year-old family homestead because I could simply no longer afford the taxes. It was always bittersweet because you would make an improvement and then have to pay for it every year forward. With more people owning the land it will make that burden less painful and perhaps since you are like a business you may get a better tax rate.

    • @AllenBarclayAllen
      @AllenBarclayAllen Год назад

      Any land farming supposed to get a lower tax rate. Have no idea what the hell these moonbats did to you upstate NY . !
      WE HAVE TO CRUSH THESE KIND OFF THE LAND BY GROUP CORPERAT LAND BUYING LIKE DETROIT DID , AND told the local taxing constablitories to get lost..! Works in florida too Brownsville next to leesburg ..!

  • @maydanavabarnett5177
    @maydanavabarnett5177 Год назад +2

    Thanks for the great tips, Summer. Very timely since some family members and I have discussed buying and working land together. It is my dream to set up a permaculture homestead to steward and connect to the land as a group and create a life-giving legacy. All these questions and scenarios you bring up are invaluable to establish a clear foundation and avoid dreams from becoming nightmares. We have much to discuss and agree upon before we go land hunting. Thanks again!

  • @rickyt3961
    @rickyt3961 Год назад +6

    Thank you! I’m so impressed with how well thought out you all were before stepping into this chapter of your lives.
    Great advice you offer!
    👍🏾😉

  • @RanchExplorerHQ
    @RanchExplorerHQ Год назад +2

    Thank you soO much! Helpful & inspiring! I’ve been very excited about watching your channel! Thank you for sharing!

  • @ingrida1121
    @ingrida1121 Год назад +15

    One thing I can say from experience, is you for sure need to cover yourself legally in what will happen when one of you unfortunately dies and who will inherit that part of ownership, because you do not want to be in our situation where our land co owner past away without legally sorting out the inheritance and the land past to a distant family we barely knew which in turn made us completely abandon the place after investing so much time and money due to legal complications.

    • @corrieb8106
      @corrieb8106 Год назад

      If it’s not too late dont walk away. Hire a lawyer and sell it at thw very least

    • @ingrida1121
      @ingrida1121 Год назад

      @@corrieb8106 the part with the house does not belong to us anymore, we were only offered a guest stay.

    • @sandraangangan5583
      @sandraangangan5583 Год назад +1

      Hurts my heart, I'm so sorry. 💔

  • @country_zone6b
    @country_zone6b Год назад +3

    I have a question, I've "known" Summer the longest because of the house plant RUclips channel, and I've seen Saunders on a few vids. May I ask how many people make up the FFL family? If you dont want to answer that, I COMPLETELY understand. Have a wonderful week everyone. 🌞☘️🌈

  • @alanconrad8490
    @alanconrad8490 Год назад +3

    I like the logic and attention to detail

  • @myapopova
    @myapopova Год назад

    Thank you for the insight!

  • @DrEziaku
    @DrEziaku Год назад

    I kept asking myself … is that Summer?!!! * subscribed***

  • @Wendy-zl8kv
    @Wendy-zl8kv Год назад +2

    So much valuable information!
    Thanks for sharing your experiences and knowledge

  • @timgarner1957
    @timgarner1957 Год назад +1

    Great episode. It seems like marriage to me for sure for better or worse..lol.
    I think this idea would work with farming, too. Land is becoming so expensive.
    Very good advice and information..
    Appreciate yah

  • @carolstuff
    @carolstuff Год назад +2

    Great advice. Thanks for sharing!

  • @lat7805
    @lat7805 Год назад +1

    You are breaking a lot of paradigms here. Very interesting subject.
    I remember some vd debating your father intentions on being part of Flock. Very tough. I coudn't find how it ended. Was he accepted?

    • @FlockFingerLakes
      @FlockFingerLakes  Год назад +2

      He was seriously considering it when he had broken up in his last relationship, but now that he's in a relationship again, he chose not to do it. We were open to it and went down many different possible avenues as to how it would work. It was a very good exercise at the very least!

    • @lat7805
      @lat7805 Год назад

      @@FlockFingerLakes oh, you are brave! You are the new pioneers.
      Btw, good luck to your father!

  • @AllenBarclayAllen
    @AllenBarclayAllen Год назад

    Ex military here 33 years .
    I have 5 achers here . !
    Not enough for what I'd like to do . I'd like to support our military with a bivwac symmercamp area for training .
    Why not I did that all my military life..! Miss my military peeps bad too . !

  • @pennygrimes8425
    @pennygrimes8425 Год назад

    Fabulous, thank you Summer!

  • @mongome8368
    @mongome8368 Год назад +1

    trust: if you find a chance to do this make sure to set it up as a trust.. this will help in taxes and billing... and shares... and will help with makeing sure that this ''plan'' grows beyond the start

  • @bretfurgason7615
    @bretfurgason7615 Год назад +1

    do you (meaning 2 people) have first option to buy the 3rd out if they want to leave? Just thinking going outside the group would be like starting over. (great video, people talk a lot, lol . But serious in depth isn't something many are so good at)

    • @FlockFingerLakes
      @FlockFingerLakes  Год назад +6

      Yes, that's a common practice. If one person wants to leave, for example, the other partners should / could have the first options to buy that partner out, for example, before it goes onto market. Depending on the way it's structured from there, other folks may not be able to come in based on how the whole entity is structured (or it may be harder for other outside parties to come in).

  • @michaelspano4067
    @michaelspano4067 Год назад +2

    your ideas are a great alternative for many young people that will never be able to buy land on their own. it's true that there is an endless list of things that could go wrong and direct face to face physical discussion is the answer. i also like your idea of writing out in understandable language what each of you hope for or expect. we are getting older now, i'll be 70 soon and we have been considering the idea of bringing in others on to our land. we have become interested in restorative organic permaculture gardening and sustainable eco friendly living, so your videos have been a great source of interest.

    • @FlockFingerLakes
      @FlockFingerLakes  Год назад +1

      That's a lovely consideration: bringing in others onto the land as you get older. You may even consider having a surveyor come in to just map out certain areas of the land (so as not to create many different tax parcels) and then consider 49-year leases with rights of way, for example. Something to consider if it's allowed in your state.

  • @gallodejalisco1814
    @gallodejalisco1814 Год назад +1

    Saludos desde Mexico

  • @Jdadkins6198
    @Jdadkins6198 Год назад +3

    Good advice on communicating and especially legal issues in writing. I would highly suggest keeping expensive purchase receipts in a legal file as well. We are dealing with quite a dilemma with 160 acres & 2 ponds. Our land looks very similar to yours but in KS. My dad and brother bought it together built a beautiful home/cabin, barn, tractor, farm equip, 4 wheelers, atv and pontoon boat for the pond. Well, they both passed away within 5 years of each other from same cancer. Nothing was in writing in how the land was split just passed down to my mom and monstrous sister n law through a trust fund. We have no record on who bought what on all this expensive equipment out there. Now my bother’s widow is wanting to sell out her half for the most expensive amount possible. By getting property appraised at 1.2 million even though that’s no where near what my dad and brother equally put into it. My mom doesn’t want to pay over a 1/2 mill to buy her out. So what do you do when there is a snake in the group? Not even sure what we can do legally about an honest buy out. Not to mention how to split the costs on all the functional things out there. It would have made things so much easier if my dad and brother had every thing in writing on what to do, my brother should have known it would be a mess sharing land with his wife and her 2 adult boys that really don’t care about the property at all. Just what they walk away with in the end. It’s just sad that when shared large investments are not well communicated on all those potential “what if’s” it’s a huge stressor to the loved ones left behind. I just keep fighting for the property not to be sold. I definitely see how precious and valuable land is, especially in these times. And it’s just breathtaking and beautiful spending time out in the country which is how I grew up. Would love to turn it into a homestead and live full time out there. That’s why I appreciate you sharing these great information videos on important topics. It helps learning what others are doing along with their experiences. ❤

    • @charlesdevier8203
      @charlesdevier8203 Год назад +2

      We have put ours into a "Living Trust". We are in our 70's and surviving members get the property. It is backed up with a "Will" signed, witnessed and dated to cover the smaller stuff. This keeps the property out of the estate courts.

  • @JoyoftheGardenandHome
    @JoyoftheGardenandHome Год назад +2

    It's a business relationship, Period!!!

    • @FlockFingerLakes
      @FlockFingerLakes  Год назад +1

      Thinking through the considerations / challenges as if it's a business (even if it isn't one), is very helpful because it allows you to think through the process more clearly without as much emotion getting in the way. Of course there ARE emotions, but the 'business' structure helps clear the path to answer more questions.

  • @KALSINFILMS
    @KALSINFILMS Год назад +2

    I going to be honest with you. Only reason I subscribed is to see how this will end.

  • @judymckerrow6720
    @judymckerrow6720 Год назад

    How do you pay for improvements to the property? Is it voted upon and where does the money come from? ❄️💚🙃

    • @FlockFingerLakes
      @FlockFingerLakes  Год назад +2

      yes, something like that. We each pay a fee / month to cover property and school taxes, bills, basic improvements, maintenance, etc. The basics. We don't need to discuss small fixes, etc. but if there are large decisions (e.g., driveway needs to be fixed, roof needs to be replaced), we run it by everyone for approval and to see whether we need to increase a fee / investment, even if it's just a temporary increase, for example, to cover that cost. We all have our own businesses outside of this, so we have our individual payments going towards the collective account. But people can structure it in whatever way they think is suitable for their specific needs.

    • @GG-qv1ny
      @GG-qv1ny Год назад

      @@FlockFingerLakes Sounds less formal that the way co-op boards function -- with an annual operating budget (for the routine expenses) and a capital budget (for things like that beautiful gazebo and stone raised bed area, which must have cost a pretty penny)

    • @FlockFingerLakes
      @FlockFingerLakes  Год назад

      ​@@GG-qv1ny I'm not sure of how to compare it from a formality standpoint. We aren't structured as a co-op ourselves but we have highlighted two co-op structures here: ruclips.net/video/n-uH36w9xg8/видео.html and ruclips.net/video/npZW-vfDdJI/видео.html ... but they are quite a bit larger. Eco-Village is a 230-family cooperative and GreenStar is a grocery cooperative, member-powered but also with full-time and part-time employees. When you get to a large structure like that, it makes sense to have an annual operating budget and capital. But I think for us, we aren't going to be operating at such a high level, but that doesn't mean we're doing it 'informally' either. Just probably with less folks involved, less boards or groups, etc.

  • @GG-qv1ny
    @GG-qv1ny Год назад

    It definitely sounds like a marriage in that it requires a lot of compromise and a prenuptial agreement. And like a marriage, it cannot possibly foresee all future challenges, is not risk free, and may have about a 50 percent chance of lasting "til death do you part." If the "pre-nup" makes dissolution of the "marriage" relatively easy, then the chances of long term success are likely pretty low given how much people's lives and values evolve as they age.

    • @FlockFingerLakes
      @FlockFingerLakes  Год назад

      Yes, you can equate to a marriage or a business partnership. All-in-all, if you're not doing by your lonesome, then there will always be another party / parties that one needs to consider over the course of time.

  • @Varee.
    @Varee. Год назад

    Universal basic income will make all trades equal in cost eventually, so make sure you are doing what you like to do rather than doing anything for the money, otherwise you might not be happy

  • @RGL86ful
    @RGL86ful Год назад

    Is your dad still interested in joining the Flock? I remember you’ve mentioned something like that in the past. 💕💕💕

    • @FlockFingerLakes
      @FlockFingerLakes  Год назад +2

      Not at this time. He had a change of lifestyle with a partner and chose to stay in PA. We did, however, go through lots of different scenarios with him and were open to the possibilities. We were grateful to have gone through those types of decisions so early in case that opportunity arises again!

  • @at1the1beginning
    @at1the1beginning Год назад +1

    And that's the reason people/couples are better off on their own land/living space. The amount of discussing over every small topic - some of which there inevitably are disagreements on - is just not worth the energy and time. Besides, people will NEVER be equals, not in even in these types of communities (heck not even within romantic relationships...). There is always someone who's work is valued higher, which gives him/her power over others and that's the same slippery slope today's society went down.

    • @FlockFingerLakes
      @FlockFingerLakes  Год назад +1

      We would have never been able to become stewards of this land individually, so we personally were willing to put in the extra interpersonal effort and challenges to see through it. Sometimes those big risks and extra efforts yield big rewards. For anyone considering this route vs. doing it as a single person or married couple, I would encourage them to create a chart of 'costs' and 'benefits' and determine what makes sense for them. Even if it works for people for a period of time, it may actually be worth it. In regards to equality-I would agree with you...partially. In our relationship, we will always have equal voting rights, because that is what we determined based on initial investment and foundation of the partnership. However, we also want to honor work, extra investment, etc. and so even though voting rights hold equal, the work, extra investment, etc. is valued in other ways. So in sum, the system rewards extra effort without destroying the balance of voting rights. Obviously others can structure different ways, but this is what we felt was right for us. Hope this addition can be useful for others.

  • @gaylehudson7267
    @gaylehudson7267 Год назад +1

    Everybody has the vision. Nobody has the work ethic. Ask the hippies. Ask the residents of Jonestown.

  • @terrystevens8338
    @terrystevens8338 Год назад

    I really hope this group takes into account that society under values work of women.. and any chore a man does is seen as more valuable because of patriarchal norms. If you didn’t take that into account over 50 years a women can get royally screwed

  • @ArthurDentZaphodBeeb
    @ArthurDentZaphodBeeb Год назад

    In other words, it's likely a royal pita.

  • @hycinth5371
    @hycinth5371 Год назад +4

    If you can afford it, buy it by yourself. Don’t partner with anyone including family members.

    • @Karincl7
      @Karincl7 Год назад +1

      That s the problem , you can t buy it yourself

  • @flashgordon1262
    @flashgordon1262 Год назад +1

    😊

  • @LaFranceBonjour
    @LaFranceBonjour Год назад +1

    I always saw Summer as more on the hippie spectrum, but she is actually a brute capitalist and sees this as a business venture and not a commune 😉.

    • @Karincl7
      @Karincl7 Год назад

      You have the wrong idea of a hippie

    • @user-yo5yr9yr2h
      @user-yo5yr9yr2h Год назад

      .... or maybe we live in the US and still have to exist within its legal bounds. Yes it would be nice to think money doesn't matter, but not everyone sees all work as equal and you also do need to think about if something goes wrong, within the government system that we're under, how are we going to resolve those issues?

  • @galeatlas6509
    @galeatlas6509 Год назад +1

    No

  • @123Goldhunter11
    @123Goldhunter11 Год назад +1

    Expensive land is a function of overpopulation. I was born in 1950 about 20 miles north of Seattle and my neighborhood was small acreages and lots of woods. Now it's one huge suburb. The woods are gone and the traffic horrible.

    • @at1the1beginning
      @at1the1beginning Год назад

      That's why global birth control must be implemented. It's the answer to 90% of problems nowadays

    • @FlockFingerLakes
      @FlockFingerLakes  Год назад +4

      I'm sure that holds true in some regions-particularly densely populated areas-but I think another aspect-if not the biggest issue-is 'land-holding'. For instance, the largest landowner in the US owns over 2 million acres (though I doubt he's using 2 million acres). The top 10 landowners in the US own over 15 million acres. And more and more real estate is managed and owned by investment management companies, like Blackrock, for instance, which has hundreds of billions of dollars of real estate investments and rentals (i.e., they don't sell their properties for people to OWN them). Most of the great farmland, for instance, is being bought up by those investors, so it keeps farmers who want to farm away from the land...We covered that topic with a different model here: ruclips.net/video/94iY4xqyCIA/видео.html in case interested. Berkshire Hathaway Home Services, which is owned by Warren Buffet (and who has got property around here), has almost a trillion dollars in assets. Additionally, universities (in university towns) often buy up an incredible amount of land, and that can often be overlooked. Take New York for instance. Do you know the second largest landowner in New York State besides New York state???? Cornell University. They own so much land and rentals now (and university property is tax-free by the way), that it causes quite a bit of inequities for folks in that county who have to bear the burden of higher taxes. In popular cities, there are always SO many empty housing units not be rented out. Oftentimes, outside investors and interest groups, will sit on the properties and count it as "a loss". Many of the housing crises that are happening in cities, like Toronto, for instance, is often because of the investors from China sitting on those buildings and not renting them out. So I think there is a lot more complexity there that can appear to be "population" when there are larger dynamics at play.

    • @Karincl7
      @Karincl7 Год назад

      They don t agree because they want to own a lot of land, that s simple... you always find reasons to get it your way

    • @Karincl7
      @Karincl7 Год назад

      @@at1the1beginning antivaxers are a great start

  • @poodledaddles1091
    @poodledaddles1091 Год назад

    I know my personality, it would never work for me ;)

  • @cefcat5733
    @cefcat5733 Год назад

    After the long commercials I expect that this video is rated PG, so that we don't get scared about already being adults. Mom, Dad?

  • @DesmondDyeOfficial
    @DesmondDyeOfficial Год назад

    What happens if one of you gets married and has a family outside the original group? And they get divorced and fracture there investment

    • @wybuchowyukomendant
      @wybuchowyukomendant Год назад

      Kids will fracture it for sure, but that's hardly their problem, they bought it for their own entertainment and pleasure.

    • @DesmondDyeOfficial
      @DesmondDyeOfficial Год назад

      Ok you addressed it generally, xo

    • @FlockFingerLakes
      @FlockFingerLakes  Год назад

      Yes, if you are considering going in as a group, I would recommend that you think through those scenarios. All the "what if" and "when" scenarios, as addressed in this video, that you can think of.