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My Friends and I Bought an Island

tynan.com

121–130 of 405 posts

Re: My Friends and I Bought an Island

#121
post #24

Earlier quoted context omitted.

Are you just planning to camp or do you plan to setup a small cabin? Can you dig a well there? Will you allow guests to visit? A tiny produce garden? Helipad? ...I have so many, I can't type fast enough!

Sweetwater well on a saltwater island this size is a rare thing.

> Sweetwater well on a saltwater island this size is a rare thing.

Not at all. It's not uncommon to have a fresh water table beneath the surface of an area dotted with islands. If you doubt this, ask yourself where the tree's roots go, and how those salt-intolerant trees survive.

I live 100 feet from salt water in Washington State and I have a perfectly reliable fresh-water well.

Re: My Friends and I Bought an Island

#122
post #28

What is it about islands that gives them their mystique? I don't think a post entitled, "My friends and I bought a five-acre plot of land near Halifax" would have garnered as much attention.

Well defined borders. You're either on the island, or not. Neither you nor your neighbors are likely to wander across the border without noticing.

Re: My Friends and I Bought an Island

#123
post #121

Earlier quoted context omitted.

Sweetwater well on a saltwater island this size is a rare thing.

> Sweetwater well on a saltwater island this size is a rare thing. Not at all. It's not uncommon to have a fresh water table beneath the surface of an area dotted with islands. If you doubt this, ask yourself where the tree's roots go, and how those salt-intolerant trees survive. I live 100 feet from salt water in Washington State and I have a perfectly reliable fresh-water well.

Living on the mainland near the sea is not the same as living on a very small island more than a few hundred meters off-shore.

See, the mainland has sweetwater running under it all the way to the sea shore and even a little bit beyond, depth and density will vary but it is always there. But a small island surrounded by ocean need not be like that, more than likely it is of a rocky composition (otherwise it would simply disappear or move around) and the water runs right off before it can pool in quantity enough that you could stick a well-head into it to reliably pump it to the surface for consumption.

In such a situation catching it as it falls is your best bet (also better because a small island likely does not have a good filtering capacity and the water you pump up, assuming you can get at it in a useful quantities, will need a lot of processing before you can use it).

It all depends on the actual situation but the chances are rather against it.

Re: My Friends and I Bought an Island

#124
post #50
post #27

How do you intend to prevent locals from "visiting" your island when you are away? Once someone realizes there's an awesome free island with lots of cool stuff to play with you might find it prone to vandalizing. I've had similar romantic notions about owning an island (we kayak a lot). But the reality is that every vacant island IS your island. There's plenty of islands I hope it works out for you but taxes go up, s…

Why do you assume he'd want to prevent locals from visiting?

Even if one doesn't mind people passing through (and if it's somewhere out in the wilderness I think that's the right attitude), if private improvements are ever seen as open to public use when their owner is not around, it's a matter of time before problems arise.

Re: My Friends and I Bought an Island

#125
It sounds like you guys really thought this through (with the LLC, etc), however I can't shake the feeling that you're going to find this a bit like owning a boat: it sounds like much more fun before you actually do it.

Five acres is slightly more land than I have (in the exurbs of Toronto), and is almost certainly much more awkward, with less usable space. I mention that because I can't imagine trying to facilitate the desires of 10 different owners on such a plot, and the practical limitations of such a space will become quickly apparent. Notions of being sovereign and all of that seem really strange -- you fall under just as many regulations (if not, in some ways, more) than a plot on the mainland. Assuming that you will fly under the radar is a dangerous gambit.

To visit this place you rely upon the graces of what is to you a foreign country. A simple DUI or possession charge in the US == barred from Canada. And so on.

Totally get the thought (I have bid on various large parcels of land throughout Ontario), though, just think 5 acres is just much too small.

Re: My Friends and I Bought an Island

#128

A few years ago I was looking into this as well, but in the Philippines -- there were a ton of amazingly beautiful and affordable islands in the Palawan region... the problem was getting stuff/services onto the island. Getting power, water, sewer made the cost extremely high. Even with Solar/Septic - getting equipment and suplpies was just far too much for me to undertake and afford. So CONGRATS on succeeding. How mu…

Do you have more precise details on the costs involved with that Philippine island idea? What kind of numbers?

Re: My Friends and I Bought an Island

#129
post #92

Congratulations! This is something I've always thought would be cool too. 5 acres is a good size, large enough that you can feel "away" when you are in the middle of it, but not so big that you can actually get lost. Some suggested next steps. Get a good aerial survey done, with pictures. This will help in planning, in disputes, and later in figuring out what it looked like before that thing that just happened, happe…

Yes, next summer we'll have a drone to survey everything. This trip was just to inspect before purchasing and explore a little bit. The mainland neighbor we met was pretty confident no one would ever go to the island without permission. He's lived there his whole life, works as a fisherman in the bay, and has never seen anyone else on it. Even so-- we'll put up signs and not mind too much if people use our fire pit w…

I've spent a fair bit of time kicking around Maine islands over the years, which are a lot more likely to have random visitors. One really weird phenomenon is that locked cabins tend to have more vandalism problems than unlocked cabins with a guestbook for visitors. I've never quite figured out what this says about human nature.

Maine's liability laws are excellent. They basically say, "So you hurt yourself? And you were wandering around the woods? What part of 'woods' didn't you understand?" So the social conventions in rural Maine provide a certain freedom to wander around unoccupied woodland as long as you don't make a nuisance of yourself. Posting your woodland against trespassing was historically considered a bit anti-social in a lot of places.

Nova Scotia appears to have relatively sane rules for liability in wilderness areas: http://nslegislature.ca/legc/statutes/occupier.htm I'd guess that your island probably falls under some combination of 6.1(c) or (d), but it's probably worth asking an actual lawyer.

Have fun with your island! And pay attention to the SAR folks—living on an island is only slightly more dangerous than living anywhere else, but when bad stuff happens, your options may be worse. My childhood best friend once had to make an hour lobster-boat ride with a stick jammed into his throat just below the jaw bone. This experience put an end to his family's island living. Your biggest risk is probably making that 5-minute boat ride in a bad storm.

Re: My Friends and I Bought an Island

#130
post #108

What kind of legal structure would you use for Something like this? Did you use a lawyer? What kind?

It's an LLC. We have a lawyer as a member of the group, so he drafted our purchase and sale agreement and our operating agreement. We had to hire a local lawyer, too, to draft an affidavit and to register the deed.

If you're willing to share, I (and I'm sure others here as well) would be curious to get some kind of sense of how you wrote out the agreements.
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