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All Forum Posts by: Mason Moreland

Mason Moreland has started 1 posts and replied 191 times.

Post: Buying a lot in wetlands

Mason MorelandPosted
  • Specialist
  • Midland, TX
  • Posts 198
  • Votes 148

I would strongly recommend you get a professional opinion on this. I have been working in this area for my W2 for nearly a decade and have seen even individual homeowners fined thousands per day for violations. The Corps aren’t terribly forgiving. Florida’s state level regs are a whole different animal to deal with as well and I can’t claim to be an expert on those (I specialize in every other Gulf state and the Great Plains).

To make things worse, a judge in AZ just struck down the current interpretation the Army Corps was using to define what wetlands they had jurisdiction over. So now that is entirely in flux and will likely prevent the Corps from even making any jurisdictional determinations at all. Projects previously ruled on with the struck down rule may be put back into the queue for re-interpretation. This judge’s ruling could also be reversed. Essentially massive gridlock until it is resolved.


All that being said, today is not a great day to be dealing with wetlands permitting for anyone anywhere. If there’s anything I can do to assist you, let me know and I’m happy to help out. 

Post: Data Centers, Wind Farms

Mason MorelandPosted
  • Specialist
  • Midland, TX
  • Posts 198
  • Votes 148

@Shafi Noss and @Alon Kostetsky

I am in the business of developing vineyards, but in my W2 work I help solar, wind, and oil & gas developers get off the ground (land leasing/acquisition, permitting, and environmental consulting).

Most small-to-mid-size solar companies are essentially flippers. They speculate by buying or leasing up prospective land along ideal transmission lines, develop an engineering plan and permit the facility, then flip the whole deal to a larger developer who will go on to construct it.

Then you have your larger operators (who I typically work with) who do everything end-to-end with the help of outside consultants and go on to operate the facility. I think there is actually a great opportunity to syndicate these developments. Right now most big operators are large private equity, extremely large private firms, or publicly traded/national energy companies.

The key takeaway here is the scale at which utility-scale solar and wind takes place. You are talking minimums of >2,000 acres with ideal sun/wind characteristics (hundreds of thousands in upfront leasing costs there), and millions or billions in construction costs. Wind especially. There is a reason you see more small companies flipping smaller projects! The big players with snatch some small to medium size projects up as well. Not saying it's impossible though, you just have to have the right team, enough capital, and some creativity.

Midland can be pretty rough. Huge swings in rent prices here (our townhomes have gone from $2,900/mo market rent to $1,700/mo market rent within 12 months ha!). If you can get a good deal that cashflows in bad times, you should be OK and can make hay when times are good. There are several for sale here with big lift rehab needs. Not sure on price. Anticipate long-term holds typically.

I'd also look at Abilene, San Angelo, and markets like that. Don't sleep on El Paso either.

Post: 6.5 years as a Land Specialist Real Estate Agent-Lessons learned

Mason MorelandPosted
  • Specialist
  • Midland, TX
  • Posts 198
  • Votes 148

Really interesting to hear as an RE guy that is usually on the buy-side of rural land. Great write up. 

I wish we had more land brokers like you in my area! Heck, all the areas! Being responsive and having a cohesive business plan is only a trait of a select few unfortunately, but those few are great.

Post: First Time Investor: Long term vs Short Term rentals?

Mason MorelandPosted
  • Specialist
  • Midland, TX
  • Posts 198
  • Votes 148

If you are aiming for passivity, it will take longer but you should angle towards LTRs. If you are aiming to move quickly towards independence, STRs are more time intensive but can yield higher returns and get you there faster. There will almost always be a time/returns tradeoff so I'd decide what your goal is and when you want to reach it/how and choose your strategy and market form there.

Don't sleep on Lubbock STRs either (I know it's far!). Ours does fantastic. We have LTRs in DFW, Lubbock, and Midland. STRs in Lubbock and Midland.

Post: Is Birmingham the new Safe market??? #Role Tide

Mason MorelandPosted
  • Specialist
  • Midland, TX
  • Posts 198
  • Votes 148

Interested to see the replies here. It is rather "warmer" these days here!

Post: What would you do if you found 3 promising abandoned houses?

Mason MorelandPosted
  • Specialist
  • Midland, TX
  • Posts 198
  • Votes 148

^this. Is you need a hand vetting what you find (I do wetlands, environmental, and T&E species), let me know.

Post: Vacant Land w/ Surface Rights Only

Mason MorelandPosted
  • Specialist
  • Midland, TX
  • Posts 198
  • Votes 148

175ac is pretty small for a solar farm, unless it's for a small community project. Typically looking at 1,000ac+ for utility scale solar farms. You could pool acreage with neighbors, but from a development standpoint I'd advise my solar clients to be wary of leasing surface over an actively mined mineral claim. Too much risk for a 20-50yr lease/project life.

We have similar issues here in West TX where the minerals are almost always severed from the surface estates and oil and gas development is constant. Screenshot below to show how dense the activity can be in my area. Most surface owners here make money through damage payments from the mineral owners, by leasing the property for cattle grazing, selling fresh water for oilfield operations (groundwater is tied to surface estate in TX), or building commercial facilities (man camp, RV parks, etc) depending on accessibility. The more improvements you have on your property the less favorable it is for the oil and gas companies to build pads or facilities on your property as the cost for damage payments goes way up.

Post: Tiny Homes East Texas

Mason MorelandPosted
  • Specialist
  • Midland, TX
  • Posts 198
  • Votes 148

I have a friend in DFW who comes from the homebuilder/carpentry side (higher end, modern building science-driven homes) and he is completing his first tiny house build. He also has a lot of ties east of DFW. HIs first build is killer and I'm sure he's learned a lot. If both of you are game would love to connect y'all, feel free to DM me.

Post: Solar farming has anyone profited from it?

Mason MorelandPosted
  • Specialist
  • Midland, TX
  • Posts 198
  • Votes 148

@Christopher Gadison I'm out for my W2 work now doing agent work for large utility-scale solar development.

There are a few ways people get into solar profitably:

1) Own raw land in massive contiguous or nearly-contiguous quantities near or under high voltage transmission lines; get it leased by a big solar developer; usually 2,000+ acres depending on area and power prices.

2) Put together a solar "deal" and flip the deal to a large renewables company; you find the land, get it under contract/lease, design and engineering the facility, get everything permitted, line up contractors, line up a PPA (power purchase agreement), then sell the whole thing off

3) Develop and operate one yourself (this is very rare for private folks at utility scale). Do everything in #2, but continue to operate it into the future.

Happy to answer any questions, so fire away.