Thanks so much for putting this online! My family has good amount of land in South Dakota I would like to purchase, but need a new revenue stream to make it profitable. This is a wealth of information! I would be curious, could information for PREDICTED income produce PROOF of income for an Ag Loan to purchase property? Thanks!
When monetizing future cash flow, is the payment received considered ordinary income at the time received? It would be better if all of it could be reinvested, as would be the case with a 1031 exchange. However since the land, or wind rights, etc. are not being permanently sold, then what have you heard that can be done to put more of that money to work (vs. paying a large percentage to the government)?
We have seen landowners sell their solar, wind, and/or mineral lease and 1031 exchange them after listing their lease for sale on LandGate. Do you have a wind, solar, mineral or any kind of energy lease you are wanting to sell? Feel free to email our team: info@landgate.com to receive expert assistance!
Thank you for your comment! Unfortunately, we are unable to consult or conduct due diligence on solar companies due to legal reasons. However, our team created this resource about conducting due diligence on solar companies and solar lease offers that will point you in the right direction: www.landgate.com/news/due-diligence-for-solar-lease-offers If you'd like to speak with someone on our team about this, feel free to reach out here and we will get back to you as soon as we can! www.landgate.com/contact
Those are really great questions! Early termination can happen once a project is operating, although that is very uncommon. Once a developer has spent the capital to have the solar farm built, they are going to do everything they can to allow it to produced energy for as long as it is economically feasible. Solar leases in the option period can, and oftentimes do, terminate prior to constructing and building of the solar farm. The likelihood of a solar lease option being canceled early decreases based on how good the site location is. The better the site, the more likely the developer will make sure that the project goes into development. So anyone interested can check to see if their site is good or bad for solar, battery storage, wind, data centers, or other resources by going to LandGate (bit.ly/4bLmEo2) and selecting their property. We have provided index scores relevant to each resource to make it easier to understand the potential value. I hope this answers your questions!
@landgate_resources ty so much for the response. We were contacted by a company in a joint venture with jp Morgan as the financial backer. Said they are interested in 250 of our 500 acres as the "final piece to the project " something about transmission lines on our property. We have a meeting with Ercot tomorrow so trying to learn all I can in short time lol. Ty again.
@@willpower9399 You are very welcome!! We always recommend to landowners to list their property to see what other offers you could receive. Good luck with the meeting with Ercot tomorrow, if you have anymore questions feel free to reach out!
@@willpower9399 If you are under an option agreement with a solar developer, the agreement will contain clauses that do not permit you to explore other lease offers from solar developers.
![[안방1열 풀캠4K] 베이비몬스터 'DRIP' (BABYMONSTER FullCam)│@SBS Inkigayo 241110](http://i.ytimg.com/vi/AQ4RIghEvUs/mqdefault.jpg)
Thanks so much for putting this online! My family has good amount of land in South Dakota I would like to purchase, but need a new revenue stream to make it profitable. This is a wealth of information! I would be curious, could information for PREDICTED income produce PROOF of income for an Ag Loan to purchase property? Thanks!
When monetizing future cash flow, is the payment received considered ordinary income at the time received? It would be better if all of it could be reinvested, as would be the case with a 1031 exchange. However since the land, or wind rights, etc. are not being permanently sold, then what have you heard that can be done to put more of that money to work (vs. paying a large percentage to the government)?
We have seen landowners sell their solar, wind, and/or mineral lease and 1031 exchange them after listing their lease for sale on LandGate. Do you have a wind, solar, mineral or any kind of energy lease you are wanting to sell? Feel free to email our team: info@landgate.com to receive expert assistance!
Can you give me your opinion on a co out of Or called Sulus Solar?
Thank you for your comment! Unfortunately, we are unable to consult or conduct due diligence on solar companies due to legal reasons. However, our team created this resource about conducting due diligence on solar companies and solar lease offers that will point you in the right direction: www.landgate.com/news/due-diligence-for-solar-lease-offers
If you'd like to speak with someone on our team about this, feel free to reach out here and we will get back to you as soon as we can! www.landgate.com/contact
How often does early termination happen? Option period as well?
Those are really great questions!
Early termination can happen once a project is operating, although that is very uncommon. Once a developer has spent the capital to have the solar farm built, they are going to do everything they can to allow it to produced energy for as long as it is economically feasible.
Solar leases in the option period can, and oftentimes do, terminate prior to constructing and building of the solar farm. The likelihood of a solar lease option being canceled early decreases based on how good the site location is. The better the site, the more likely the developer will make sure that the project goes into development.
So anyone interested can check to see if their site is good or bad for solar, battery storage, wind, data centers, or other resources by going to LandGate (bit.ly/4bLmEo2) and selecting their property. We have provided index scores relevant to each resource to make it easier to understand the potential value. I hope this answers your questions!
@landgate_resources ty so much for the response. We were contacted by a company in a joint venture with jp Morgan as the financial backer. Said they are interested in 250 of our 500 acres as the "final piece to the project " something about transmission lines on our property. We have a meeting with Ercot tomorrow so trying to learn all I can in short time lol. Ty again.
@@willpower9399 You are very welcome!! We always recommend to landowners to list their property to see what other offers you could receive. Good luck with the meeting with Ercot tomorrow, if you have anymore questions feel free to reach out!
So what happens if land owners sign with different companies for the same project? Does that kill the deal?
@@willpower9399 If you are under an option agreement with a solar developer, the agreement will contain clauses that do not permit you to explore other lease offers from solar developers.