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Updated over 14 years ago on . Most recent reply

User Stats

31
Posts
4
Votes
John C.
  • Real Estate Investor
  • Hilton Creek, CA
4
Votes |
31
Posts

CA desert, advice sought

John C.
  • Real Estate Investor
  • Hilton Creek, CA
Posted

For a while now I've gone back and forth with a plan to put our 160 acre desert homestead into an LLC and sell off member interests with designated camping rights. The land will remain as is without any development promises -- about a third of the property was designated wilderness in 1994 by congress so I plan to adhere (at least that portion) to non-development.

I would like to sell between 160 to 1000 shares of the land owning LLC. The selling I'm comfortable with, it is the structure of the deal that I'm looking for help with. Is it legal? (selling that many interests) Or does a deal like this need to go through Department of Real Estate? And, if it does need to go through DRE review, has anyone here had experience with that or recommendations/referals?

Lastly, we live in CA but spend a lot of time on our farm/orchard in NV. Any benefit to using a NV LLC versus a CA one? One day we might become NV residents for a variety of other reasons.

I have looked around to find information on my own, consulted an attorney, met with county planners, but I'm not really getting anywhere. Any help or advice would greatly be appreciated. Thanks!

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