Strategy 87 of 107 · new for the five-year plan
Negotiate fair pay when a pipeline or power line crosses your land
What it is
If a project needs an easement on your land, you can negotiate the price, route and terms.
Steps
- If a project needs an easement on your land, you can negotiate the price, route and terms.
- Learn your rights in the federal process and get an appraisal.
- Send the payment to principal.
Repeat: Once per project.
Measure: Easement payment.
Try it in the calculator Enter its amount in "One-time amount to principal". Add a payoff goal of 5 years to see what is still needed.
Risks
- The easement is usually permanent.
- Construction damage; put restoration terms in writing.
Who it fits
Grandmas and grandpas (62 and over), Married couples, Average household, Higher net worth, with assets
Needs
Owns acreage or a large lot
How predictable
Depends on people or program rules (tenants, family, IRS records, lenders)
A worked example (hypothetical, not guaranteed)
Picture a hypothetical household (grandmas and grandpas (62 and over)). They owe $300,000 at 6.5% with 30 years left. The required payment is $1,896 a month, and that payment, which comes from income, never changes in this example.
They follow the steps: if a project needs an easement on your land, you can negotiate the price, route and terms.
Suppose it brings a one-time $30,000 on principal. The loan would be paid off in 22 years 10 months instead of 30 years, saving about $134,798 in interest. To finish in five years, they would still need about $3,387 a month more from other strategies. That is why the five-year sequences stack several at once.
The amount above is chosen only to show the arithmetic. It is not an estimate of what this strategy will produce for anyone. Put real numbers from the fact finder into the calculator.
Sequences that use it
- Five-year sprint: landowner: Land can pay three ways: a lease each year, a one-time bonus or easement payment, and the sale of a lot you do not need.
Sources and more information
Where to get help
- CFPB: Find a HUD-approved housing counselor (free or low cost) consumerfinance.gov
Related strategies
- 84. Claim refunds and settlements you are owed
- 83. Find lost pensions and old retirement accounts
- 82. Use an annuity's yearly free-withdrawal amount
- 81. 73 and over: send required distributions you don't need to principal
- 80. A parent's or grandparent's large gift, using their lifetime exemption
- 78. Sell digital assets held outside retirement accounts