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My Friends and I Bought an Island

tynan.com

261–270 of 405 posts

Re: My Friends and I Bought an Island

#261

I wonder if a small heard of goats/sheep could be self sustaining out there and help with clearing some of the vegetation? Out here in fire country, people with large acreage will rent sheep from farmers to come and eat the brush over a month or so. I saw some at Sears Point once and I have to say the critters did a better job than a large mowing machine.

small heard of goats...

Nice. You could produce organic goat cheese - island chevre - chèvre de l'île.

Re: My Friends and I Bought an Island

#262
post #202
post #2

Cool. For how much? :)

This page has prices on islands near Halifax. http://www.privateislandsonline.com/areas/novascotia/islands... The cheapest is 29K for 54 acres 2 hours drive from Halifax.

that page tricks you a bit. really, if you click through, 29K is the cheapest lot on the island: http://www.privateislandsonline.com/islands/hemlow-island

You get 2.14 acres for that price.

Re: My Friends and I Bought an Island

#263
post #55

Earlier quoted context omitted.

Widowmaker, not widow spider. See, what you don't know could kill you ;) Spend some time in an unmaintained bit of forest and you'll get to know plenty of these things. Five minutes to shore when the weather is good and your engine starts. Really, please heed my advice and make sure each and every one of you knows how to do basic first aid, I hope you're never going to be in a position to use it but when you do you'l…

Thanks for the heads up! We'll def be sure to get on that and get some basic first aid training across the board + med kit on site. Any other advice/tips we should be aware of?

A wildnerness first aid kit and training:

http://www.outdoored.com/community/risk_management/b/wildmed...

And an AED

Re: My Friends and I Bought an Island

#265

Earlier quoted context omitted.

You're welcome. Basic engine repair skills, something to patch up your boat in case you spring a leak, a basic comms kit+genny so you can call up the coast guard or a passing boat if you should need them (assuming your island is out of cell phone reach), cache of freshwater, fuel, waterproofed matches and a couple of days worth of tin cans in case you ever get cut off. Halifax coast in winter can be, how to phrase th…

As a SAR guy, I can say the big big thing is the first aid (plus CPR). It sounds like you're relatively close to civilization, but realize that if someone has to come to help you, they're likely not going to be there within the Golden Hour ( https://en.wikipedia.org/wiki/Golden_hour_%28medicine%29 ). That, and just being prepared in general (ten essentials: https://en.wikipedia.org/wiki/Ten_Essentials and knowing how…

Yep. Life is fragile. One subtle mistake can be game over (McCandless)

Non-nonsense survival guide:

http://www.amazon.com/gp/aw/d/0762448180

Also: man vs wild (television)

Re: My Friends and I Bought an Island

#266
post #183

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…

Random tips from my own private island experience… People may visit when you are not there. In the US, the shoreline up to some strangely defined highwater mark (which is higher than you expect) is public. Canada has a similar deal related to crown lands (you may own the island, but the bit under the water, not so much). These visitors have every legal right to hang out, have a picnic, play jarts, whatever. When you…

I know a couple that was reduced to surviving on popcorn and bloody mary mix for a couple days.

They ran out of vodka before running out of the mix? Very poor planning.

Re: My Friends and I Bought an Island

#267
post #205
post #144

Earlier quoted context omitted.

For people who are confused: A widowmaker is a dead tree that could fall, and kill somebody [in the namesake a probably-male logger]; thereby creating a widow.

I was rather confused since I know more about finance than logging. In finance, "Widowmaker" means one thing: Shorting Japanese Government Bonds (JGB) and inevitably losing money. Because of Japan’s gigantic national debt, and because the Japanese bond rally has gone on so long, investors have called the top in the Japanese bond market for years, only to get impaled. thanks for clearing it up.

Now I've learned two things.

Re: My Friends and I Bought an Island

#268

Earlier quoted context omitted.

"I type on a Dvorak keyboard instead of QWERTY" ... Wow, didn't it existed. Do you still use Dvorak ? (wondering if its worth the switch)

I use Dvorak, I believe it helped with my hand and wrist RSI issues, but I have no more than anecdotal evidence. I also type faster, which is verifiable, but it might just be due to ~7 years extra practice.

Keyboard layout shootout: qwerty vs dvorak(s) vs colemak

http://patorjk.com/keyboard-layout-analyzer/

Re: My Friends and I Bought an Island

#269

Earlier quoted context omitted.

An unlocked cabin means the owner is near, possibly with a deer rifle.

Stick a gone hunting sign on the door every time you leave, and get some gun paraphenalia (but not a gun) visible near the door. For extra points, time delay a loud pre-recorded bang and scream from a distant speaker when motion is detected near the door.

As soon as someone see there's no gun case, the charade is up.

My grandfather was an avid fisherman; he had a 15' line full of catfish "skulls" hanging from a telephone pole. Catfish can grow to 100 lbs. and their "skulls" look like shark or snake heads from a distance.

Macabre trophies do the trick, paraphernalia alone seems an obvious attempt to appear tough.

Re: My Friends and I Bought an Island

#270
post #108

Earlier quoted context omitted.

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.

I'm the lawyer that Tynan mentioned, and the proud part-owner of the island. There are excellent standard form agreements available for free online. Essentially you just search for the relevant jurisdiction (i.e. the State where you're incorporating)and "standard form multiple member LLC operating agreement". Then you edit the agreement to fit your circumstances, deleting and adding as required. Standard form purchase and sale agreements are also easy to find and don't require much amendment. Pay a local title search company to check the title (ensures that there are no outstanding mortgages/covenants on it, that the seller actually owns it etc. You'll need to get a local lawyer to execute the deed, but that doesn't cost much. It helps to have a legal background, but an agreement is just a shared understanding of the meaning of words, so not too difficult.
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