I have a piece of property in California that has around 3600+ acre feet of water rights (have had it for about 10 years, but just "discovered" the water rights)...I would like to sell all or a portion of the rights on an annual basis, or lease the property (13+ acres) including the rights.Hoping for some leads on how to go about this, where can I list the rights for sale, how to ascertain the value, etc...The property also has mineral rights (patented gold mine) any advice on leasing the mineral rights would be welcome as well...I'd also look into a partnership, etc...to start making some cash flow with this property.Thank you!

It was just another avenue that I have been interested in after studying various types of real estate.

Get a good estimate of what it should cost to make all the repairs, deduct that figure plus maybe 10 -15% more as a "buffer" in case you discover it's worse than you thought and present this to the seller.If your seller is intelligent and motivated to sell, and you present them with the facts, and a well written proposal detailing the costs involved to get the house into the condition that you thought it was in when you made your offer, chances are they will understand.

We are studying other successful organizations and hope to learn many best practices from this forum!

Hello Joaquin,If you study here on BP about direct marketing the emphasis will be on continued mailings to your list.

Well, I've been unemployed for two weeks now, and have spent every waking hour since, studying and talking to everyone I know and meet.

After visiting the property I discovered TWO additional 1 bedroom units in the basement that were not in the listing!

So, during the attorney approval period, we get copies of the paperwork and discover the discrepancy.How much were they underestimated?

Study and know the contract you're buying!

If you think it is a killer deal I would get it under contract with a 30-45 day study period and then try to sort through what can be done with it.