In Part 1of this series on investing in eco-friendly land purchases,I mentioned that an investor might set aside 1,900 of 2,000 acres of rural land to protect a watershed, to create a trail system for hiking and equestrian pursuits.
A conservation-oriented group might also restrict use on 200 acres of such a parcel for a nature-education center for the public.
Or an investor might designate a 15 acre parcel for a green-built cluster home ecovillage.
Becoming more and more popular these days is the Audubon sanctioned golf course...so investors might envision a LEED Certified Golf Course like Justin Timberlake recently re-built near his home town.
That's rural land...now what about urban land...
An eco-friendly urban land investormight envision a LEED Certified, "green" office building, multi-family, or planning an affordable housing project.All of these options are mighty attractive! Eco-minded families, who have lived in our bioregion for a very long time, "green" builder-developers, and newly arriving sustainable property investors, carry in common the desire to take good care of their surroundings while enjoying prosperity.
Bottom line-it's about the very special reward that is mutually beneficial and stewardship.
For the eco-wise investor who has done the land use and envisioning homework,, there are so many exciting ways to produce positive outcomes including the possibility of tax advantages such as those available through Federal and State programs and the 1031 Like-Kind Exchange as defined by section 1031 of the Internal Revenue Code, 26 U.S.C. § 1031.
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