Real Estate Investor Pro Tip - Mineral Rights
Grant Trevithick Carrollton Real Estate Investor here with another pro tip. When it comes to purchasing land it is always important to understand the mineral rights for that property. Today I would like to go over a few things you should know. It is important to note that once mineral rights have been detached from surface rights, nothing changes. To purchase land, it is imperative to make diligent research, including rights before arriving at any consequential decisions. This will prevent any form of unsavory surprises. There are instances when individuals, seeking to buy both mineral and surface rights, eventually discover that the mineral rights have been sold to a third party. You can check mortgage paperwork to figure out the kind of rights you hold. Things to put into consideration when purchasing a piece of land without mineral rights are introduced as follows: 1. Remember that mineral rights can also be bought, leased, or sold This is an important consideration that must not be...