Buying a property with a buyout on cell tower

by CJ
(Loveland, OH)

Looking at a home with a cell tower that will not generate income for us until 2024 if we purchase. The previous owner took a 15 year buyout. Is it safe to say that lease will be renewed in 9 years or will technology have changed so much to make it obsolete? Currrent owner is inflating price of home by 20K to convey rights to cell tower.

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Aug 11, 2014
Why add $20K
by: Anonymous

The owner has sold his right in the stream of income. Already ahead.

I would discount the value property for loss of the use of the land that you have no rights to till 2024. I would also consider a property without a tower near my house. That's just me.

No promises the carrier will stay either.

Aug 11, 2014
call us 888-313-9750
by: Steve with Tower Genius

We will need more information but it sounds like it could be a good deal. Technology isn't going anywhere anytime soon. Please call us if you have a few minutes.

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