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Discussion Starter · #1 · (Edited)
OK, we have a couple potential BOLs, but my favorite is a place owned by my uncle. He's disabled and can't really take care of his property anymore, and really needs to sell... Here’s our journey!

Lets talk specs. 2900 sqft lake house. It's a log home, but very modern. 4 br and 4 baths. It has all the comforts of home, is on well water, has septic, and sits on a nice 80 acre private lake. The lake has all the fish we could eat (pan fish, bass, etc..). The lake is also a great source of water (if the well should fail). The house sits on 3.5 acres of partially wooded land, on a secluded road in a very remote section of our state. There are several garages, and out buildings, a nice tractor and plenty of land for planting a huge garden. The home is secluded, but defensible, with amazing like-minded neighbors.

My primary plan is to bug IN, but my MAG has contingencies for bugging out. If it comes to that, I have a couple families in my MAG that I'd happily bring along to the BOL cabin. It has plenty of space with 4 huge BRs, and other sleeping areas. and would make an ideal retreat for a few families.

This property is currently one of my possible BOLs. My uncle is disabled and rarely visits the property. Primarily, me and my family are the only ones who use it. We currently have unlimited permission to stay in the "cabin". However, we don't own it, which is a major concern for me....

Because we don't "OWN", I am reluctant to store any major preps there. I do keep things at the property, and have taken over one of the attached "toy garages" for my SxS and paddleboards, etc... This garage will fit 4+ ATVs and miscellaneous "gear". But I don't want to start stacking 30x5gal buckets of food preps, as that will not be a secret from my Uncle (who is not a prepper). If the SHTF, my uncle is the type who will die in the first wave of whatever. He won't be driving to the cabin to escape. So if my uncle still owns the cabin, it's an available BOL. My MAG‘s BO plan is to convoy to the BOL with trailers full of preps (it's doable), but ideally it'd be nice to have stuff on site already...

I also recognize the lack of a backup winter heat source. It has modern forced air heat currently, and I'd like to add a wood burning stove in the lower level. But I can't do this yet while my uncle owns it.

Real estate prices for cabins in this area are going nuts right now. My uncle has toyed with selling for a few years (which is another issue - if my BOL could be sold out from under me). However, he's also stubborn and can't let go of anything. They guy has one leg and literally can't keep up with the basic maintenance, much less any of the major issues that arise. He knows he needs to sell, but he is having a hard time coming to terms with it.

We want to get a new cabin (wife wants a vacation home, I want a BOL), and my uncles place checks all the boxes, and could be a cheaper option for us, and quicker than building.

We had dinner with my aunt and uncle last night and discussed it (aunt is 100% on my side and wants to sell to us). Uncle isnt sure he's ready to sell, but wants to think about it for a bit. We've made our case, but it's not worth trying to pressure my uncle, as I don't want to hurt our relationship. Either he will sell, or he won't. Either way, we get to keep using the property. Either it costs us a lot, or it's free. I'm willing to pay a lot for the security of owning my BOL and being able to make modifications I want.

Wish us luck...

I'll post some pics. :)

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Discussion Starter · #5 ·
Thanks for the well wishes..

I realize this might seem ostentatious and little like a brag post. but I am posting this because of its potential for a BOL and I have some questions (see below).

yes, I’m very excited at this opportunity. I grew up very poor and have worked hard. We made some good real estate choices (working hard to fix up each home before selling for a little profit), and now we’ve gotten to a place with our main home having some equity to play with. That all said, we aren’t the kind of people who can simply afford a vacation home.

Our plan with this is to turn this into a source of income that will pay for itself. That is the only way we can pull this off. Vacation homes in this area pull in $2000/week on Airbnb, and winter rentals (with snow mobile season) is the busiest season. We aren’t winter cabin people, so we are happy to rent it out in the winter, and have others pay our entire mortgage.

it’s interesting from a preppers standpoint of allowing renters into the cabin…. I’ve thought a lot of how this would work. I’m not overly concerned, as with most Airbnb rentals, many areas of homes are locked and off limits. This property affords many areas that are vault-like. The aforementioned toy garage is one example. only accessible via one steel external door, it has solid concrete walls, and would be a great storage room. There are other rooms that are easily lockable and secure. the master BR has a massive walk in closet, where we envision storing all our personal affects during the winter months. w’d keep a gun safe on the property, bolted to the floor of a locked basement storage room. I have some experience with home security, so I have some confidence that my preps would stay secure From some drunken snowmobiler.

the other aspect of this was the concern of what do do should the SHTF and we need to bug out while it’s being rented? Well, my guess is that most people that might rent, during an emergency would likely vacate on their own, returning to their own homes. I think that’s the more likely scenario in a rapidly developing situation. If it’s a slow burn collapse, but obviously heading in that direction, I could either cancel the booking, or I would guess that if it looks like the S is about to HTF, most people are gonna cancel that vacation on their own….

now, what do do for that stubborn renter who’s like E”__”G it, I’m staying in this nice cabin for the EOTWAWKI? That’s a good question. I’d be curious about people’s thoughts on this matter? How would YOU handle something like that? Ok, I know some folks will be like “would not happen to me, cause I’d never rent out my place”. Well that’s great, but in MY situation, how’d you deal with a squatter?

Some of my considerations: they rented the place from you for a prescribed amount of time (week). if it’s EOTW, do we care about reimbursing the Renter? All those electronic funds are meaningless. Do we care about fulfilling their contract? If it’s winter, do we send them packing?
 

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Discussion Starter · #8 ·
Sounds great! Wish you luck. Will you live there, full time or just once in a while. If not living there full time, how would you protect the supplies you store there.
good question. we would not live there full time. We would come for a number of weeks in the summer, along with long weekend get-always. We would not store all our preps there, as this is a BOL if the SHTF. My main plan is to bug in at my home, where most of my preps reside, along with a solid MAG Of neighbors.

Many valuables have existed on the property for years, from a handful of ATVs, boats, snowmobiles, tractors, and tools. there has never been an issue. If someone is breaking into this cabin, the last thing they’re looking to steal is 30 x 5gal buckets of rice/beans from a hidden and locked storage room in the basement.

One of the neighbors we trust lives just across the street, in full of view of the property. This is also my plan for an on-site property manager for the Airbnb stuff. we trust them enough to have full access to the property, minus the secure storage, to clean and upkeep the place between renters. They’d get a percentage of the rental income for managing the place (and turnover). These are good people, with a stay at home mom (retired nurse), and theyre also prepper/country minded.

one of my upgrades would also include security cameras on the exterior, after bringing in wifi to the property. These could be viewed remotely.
 

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Discussion Starter · #11 ·
Have your uncle bequeath it to you in his will. Won't cost you a dime.
that ole coot might live (hopefully) for another 20-30 years.. he can’t maintain the property, and the fixes aren’t cheap. I’ve done my part with completing minor repairs and sweat equity, which assuages any guilt from using the property for free. but I’m not sinking $30,000 into the place to modify it how I’d like, without me owning the place…. Certainly not on some promise of inheritance (that can be revoked at will).
 

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Discussion Starter · #12 ·
Leave room for any of your old prepper pals who might want to come bunk for a while. Thanks.
oh, it’s got plenty of room for preppers, but the only preppers invited are my MAG, and their families. My MAG members all have supplies (and they’re all gunfighters). Anyone else shows up, they’re gonna need to make a pretty solid argument why they should be allowed to stay.
 

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Discussion Starter · #14 ·
Sounds like smart thinking. I will bring my shooting trophies and large selection of beanie weenies if things get tense. I voted for Trump early and often. lol
lol, shooting trophies are meaningless to this group, I have two SWaT guys and another cop who shoots pretty good too. i got a fighter jet pilot, and a big game hunter too…. not sure how useful the fighter pilot will be.. not like the gubment is gonna let him take his F-35 home with him….

i think we could make room in the garage for new arrivals, but they’ll need to be self supporting, a years supply of food, etc. we might have to move the jet outside to make room.

all this is probably moot. we have a decent setup in our neighborhood. I certainly home buggin IN suffices for whatever comes our way. Buggin out will be a hard thing, but I feel like it will be an easy decision once (IF) it’s gets THAT bad. Won’t even be a question On whether to bug out, we will just know….
 

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Discussion Starter · #16 · (Edited)
Consider leasing the property for two years. If the property should get sold the buyer has to honor your remaining lease.
Best of both worlds for you. Takes the decision off Uncle.

Consider putting supplies in 250 gallon IBC food containers ($100). They are stackable and contents cannot be seen.
Label as Grandma's Clothes, Grandma's Kitchen etc. Cut small doors in one side. Store so doors are not visible. Link

In regards to making room for more people, in a survival situation "hot-rack" the sleepers.
You will probably run at least three shifts daily. Bedrooms are for sleeping, not lounging. As one shift gets up a new shift goes to bed.
can you elaborate how the leasing would be better for me, other than preventing my uncle from selling the property to someone else? Not sure I’m registering…

I feel like paying for a lease is counterproductive. I get to use the property for free. IF he sells, I hope to be considered first, but of course nothing is guaranteed. With a lease, I dont get to upgrade and fix up the property. Hmmm

i do like your suggestions of hot-racking. This cabin has plenty of relaxation space, and plenty of bedrooms. In calculating Airbnb bed/sleeping space, we calculated 13 beds, but that’s independent sleeping spaces, and that can be expanded by a lot, using folding cots.
 

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Discussion Starter · #18 ·
The suggestion of leasing was to make you more comfortable about storage of supplies on the property.
The lease gives only you access to the property and not your uncle, unless you are present.
It guarantees you storage time for the term of the lease.

It is just another option to control the land temporarily.
I assume you are more concerned for a BOL than a lifetime future there.

If one is concerned with a need for a BOL just for a short period then leasing may resolve that short term risk with a short term solution.
Purchasing the property might be a long term solution to a short term problem.

Just giving a different view on things. You must be the decider.
my uncle would never go for a lease, not an option. One carrot to entice my uncle to sell, is the promise he will still be able to visit and use the property. That is one of the issues he’s having…letting go, giving up control.

I can store stuff now, but I can’t modify the property, can’t install a wood stove. And I can’t really store “preps” like long term food.
 

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Discussion Starter · #22 ·
Ask for sign an agreement called Right of First Refusal. This way, if your uncle actually gioes to sell the property, he has to approach you first and give you an opportunity to say yes or no. If you say yes, you proceed with buying the property. If you say no, he'd be free to sell it to anyone.
that’s an interesting take. I’m on good terms with my uncle. I feel like if he does sell, he would approach me first (maybe). I think the main issue with me is the ability to make modifications to the property. I have unlimited use now, and can store some things there, but I desire the security of knowing it can’t be sold.

update: negotiations stalled out, but its not a dead deal..
 

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Discussion Starter · #24 ·
Personally I think the market is very inflated right now. I know I’m paying a lot more than I would have two years ago, and if I wait, I think prices will go down lower. Issue is my uncle has sunk way too much into this place and he hates taking a loss.. so if the market tanks next year, he might just get stubborn and not sell regardless if it’s falling into decay.

if the market tanks and there’s a lot of foreclosures, we’ll, then maybe ill look for another property without an overly emotional owner?

we are on the hunt for land to build on as well…. Our realtor friend who lives there full time is sending us remote lake lots to check out. We might just have to build?
 

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Discussion Starter · #26 ·
Do you just joined, and your very first post is asking for a location? You see...there’s this thing we call OPSEC.....
ha ha. Oh good catch, I missed that post… ya. Don’t worry, after the SHTF I plan to dedicate half my electrical solar energy to the neon lights outside that say “fully stocked prepper inside”…. So he will be able to find us no prob.
 

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Discussion Starter · #28 · (Edited)
UPDATE:

Without jinxing anything, my uncle agreed to sell, 100% ownership.

We’ve made an offer (price) and although we haven’t finalized all terms of the sale, my uncle essentially accepted our offer.

Some things to consider, the property stays in the family. He has a lot of stuff, Implements and such at the property. By selling to us, he can take his time selling his stuff without rushing to meet some “closing” deadline. He’s welcome to store his boats, snowmobiles, ATVs, etc (plenty of room). He also has several implements I’d like to include in the price of the sale. That will require some negotiation. some of these include (in order of importance to me):

1- John Deere Tractor (serious unit with air conditioned cab, various implements)
2- Hydraulic Log Splitter (tow behind)
3- Ranger UTV with dump bed
4- One or two of the ATVs on site
5- Various Tools/Air Compressor (he has probably 5 separate large mechanic tool chests, full of crap). I’d only want one, with a standard array of tools.
6- Towable trailer. He’s got a couple from 5x8 to 7x10.
 

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Discussion Starter · #29 · (Edited)
Update:

Uncle agreed to sell to us. We hosted a bbq to iron out details. My uncle proposed a land contract, with a 10% deposit, monthly payments, and after 4-5 years, we’d owe a balloon payment… he was also ok with just a conventional loan, and full payment, but financing for us isn’t an issue… given how we feel this country is going, and the economy, I wasn’t going to do some land contract, where in 5 years i need to take out a 250k loan at 18% interest.. I remember the 70’s and 80’s inflation and interest rates over 15%…. No, I’ll lock in my 3% now, thank you…. And get my name on the deed…

BUT then my uncle balked again. He just could get himself to ”shake on it” to finalize the deal,..

After another night of wrestling with the decision, my uncle made the final decision to sell. We have a “handshake” and he now seems content to sell. I think it was a weight off his shoulders. And it’s not an insignificant amount coming his way.. he can buy a new toy, maybe an RV, whatever.

i offered $20k for the tractor, and $5k for one of his ATVs, but that’s a separate deal…. he balked at the tractor price, putting a higher value on it. It does have a lot of implements and such, and I can see it being worth more than 20k.. so those negations are ongoing.

more onto the planning and renovations of the property…. You can see that the rear “toy garage” has unfinished siding…. He has the siding and materials, but never got to it… in 10 years… so that’s high on the priority list for us.

we also need to wash and restain the siding.. it’s dirty as hell…. :)

edited : outside pics deleted for opsec
 

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Discussion Starter · #30 · (Edited)
Update: we have a signed agreement. He’s leaving us a surprising amount of tools and supplies for the property.

We negotiated all the existing building materials and lumber. Here is just ONE of the lumber stashes, that we placed in racks we put in earlier this year. There are several caches or siding, flooring, trim boards, 2x4’s around the property. We just purchased even more lumber shelving and plan to get all the lumber in one spot.

Building Wheel Wood Tire Floor


we are still in negotiations for the tractor. We’ve upped the offer to $25k, with the implements, but my uncle is balking. The tractor was $31k new. Not including the implements.


we took out a heloc on our existing home to pay the down payment and avoid PMI, and snagged 3% rates all around. Our loans are all approved, pending appraisal. We should be closing within the month.

there is so much to do on this property…. Lots of projects that need to get finished. :).

edited: outside pics deleted
 

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Discussion Starter · #34 ·
update:

spent another few days working on the cabin.

did some staining on a a siding project (toy garage hasn’t been completed sided yet, ever..). there’s a new sheriff in town, amd stuff is getting done!

Table Wood Building Rectangle Floor


we also worked on closet organizers for a couple of the bedrooms, as there rally isn’t anywhere for folks to even set their stuff down…

Shower door Bathroom Building Plumbing fixture Flooring


We also installed additional lumber racks in the detached garage. My uncle had 5+ significant lumber stashes in various places around the property, from 2x’s to siding, to trim and wood flooring… tons of wood. In FIVE different places. Ugh. To my uncle, this was organized, and the lumber was where it needed to be, but it just cluttered up 5 spaces.

Wood Wood stain Shelving Floor Plank


The Mrs and I also spent some time MTBing in some nearby single track trails, fun!

my uncle is leaving a surprising amount of tools behind, pretty much everything you see in the wood staining garage photo, plus tons in the lower level utility room See below. This utility room was one of the wood stash locations, and his idea of protecting the wood was to lean it up against the wall… and he wonders why some of it is warped, lol.. we gutted this room of all the nonsense and garbage and cleaned it up, and reorganized everything. You couldn’t even walk in there.. now it’s fairly clean.

Property Wood Interior design Shelf Floor
 

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Discussion Starter · #35 ·
One concern is a wood stove And winter heating. It’s one area of concern. I’ve wanted to install a stove, but couldn’t until we owned the home.. here is the lower level, where I’d like to Put the stove. It’s on an exterior wall. BUT, there are some obstructions on the exterior wall, namely a wrap around deck that’d be in the way That sits just above where the opening would be. My buddy suggests I need to run the stove through the ceiling, through the main level, and out the roof, straight up… that causes a pipe to run through the main level (near the wall, granted). I’m leaning towards actually knocking out that section of the deck walkway and running it externally…


Thoughts?


Handwriting Rectangle Font Gas Parallel


the lower level area in question. yes, I’d build a stone platform base and back wall to redirect heat, etc.

Building Couch Property Furniture Window
 

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Discussion Starter · #37 · (Edited)
Spent the day siding our “toy garage“ on the back of the house… and getting internet installed and run to a secure closet (where our camera hub will go). i also took the drone up for some aerial pics.

yay, we have internet!

Edited: pics deleted
 

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Discussion Starter · #38 · (Edited)
Spent a weekend working on the cabin.

edited:

But nobody cares. lol. Content and photos deleted. Opsec probably better this way.

ok, back to more important prepping content. :).
 

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Discussion Starter · #39 ·
Also, is this a dumb thread? Do people find this entertaining or useful? I do t want to clog the forum with stuff people dont read
 
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