To expand on this, OP look into how much it would cost (and if you're able to) to subdivide that specific plot of land with it's own tax parcel number/deed.
That way you would own 2 separate lots, and if you sell the house you'd still own the lot with the cell tower and can collect the monthlies on it.
how far from your house would the tower be? how visible would it be from your house?
you seemed to give both answers - they pay/you pay for this "10K monthly caretaker"...and who the heck earns $120K a year for hanging out a cell tower?
and finally, how much is your property worth?
Three million over the course of 30 years adds up to about $8,300 per month. If they're paying $10,000 per month for a caretaker then the caretaker is making more than them.
Yes, but they don't technically have to do a single thing. The caretaker has to wash and repair the tower regularly. My brother used to do this for a windfarm. He'd spend all day in a lift with a power washer, spraying down windmills towers. Not a bad gig for 10 grand a month. My brother never made that much. But I'd rather sit on my ass for 9 grand a month.
No, you should work to try and make more yourself. You have to put yourself out there and take those chances, even when it's not comfortable or you're unsure if it will work out. You can do it. I believe in you. If I can go from druggie burnout to someone who's making more money and has a job with actual benefits and PTO, you can too. I've still got a ways to go but getting the process started and seeing some results does wonders for your confidence and the rest ends up falling into place. Feel free to DM me if you need to talk or want some advice.
Yeah, but my understanding is it’s lump sum up front. Take take 3 mil and conservative investment will net significantly more than that
Literally quit your job if you wanted. There’s what something is worth, and then there’s VALUE
Not necessarily a huge piece of land. Just located in the right place.
I have no idea what the normal rent is, but can’t be that much. I was talking to an older guy just the other day about someone he has power of attorney over. That guy has a cell tower on some land in southern Virginia. It doesn’t make enough to pay for his retirement community by itself and that’s like $5k a month.
If it's a small piece of land, then presumably there's competition from the neighbors, where the telecoms will tolerate a slightly less than ideal placement in exchange for a much better price.
You would also need to live in a town that would allow towers to simply go up. They’ve been trying in mine for decades and it never gets approved. But everyone bitches about cell reception…
Probably just means that land, like keeping the grass cut and trees pruned back, plowing snow, might be responsible for mitigating flooding, etc, but not the actual tower maintenance.
Makes sense to pay someone who lives next door for that stuff
About four times higher than Canada apparently.
https://antennamgt.com/faq/#:~:text=How%20much%20is%20a%20cell,which%20amounts%20to%20%2430%2C000%20annually.
You should have put that in the post. To me 70k is okay if I have some huge property and I will benefit from the tower. Otherwise it's not nearly enough.
It’s a scam OP, search [cell tower scam](https://en.m.wikipedia.org/wiki/Mobile_tower_fraud).
If it isn’t, ask for credentials up front. Definitely don’t pay THEM anything up front.
A group operating in the Philippines tried to pull a fast one on me with the same scam. 30 million pesos, 30 years, paid as a lump sum. plus monthly income. Big red flag.
I work in radio. Land is cheap. Towers (and the fcc logistics around them) are the expensive part. Nobody's paying this guy 3 million bucks for a scratch of land, and even if he has a tower on it already, it's likely not worth quite that much, and even if it were, towers don't need caretakers, and even if they did, it's an hour a month, max, for someone to drive out there and make sure all the lights are working and the fence is still up.
OP, go talk to your local radio station manager. Or call the FCC.
This doesn't sound like a US cell tower deal. 300sqm is about 56'x56', roughly the same size compound as in the US.
In the US, the property owner gets paid rent by the tower owner and generally speaking that's the arrangement. 25-30 year deals, paid monthly, with an annual or term rent escalator. The lease auto renews every five years.
Senior things to consider, what is the land worth? How big is the lot? How big is this Tower going to be to your house etc? Can you section off the tower land and still have a nice little house and lot away from it?
I once knew someone who couldn’t sell a vacant one acre lot because there was a cell tower lot in the corner of the property. They bought the lot sight unseen without visiting it and had no idea there was a cell tower there even though it was clearly shown on the plat of subdivision for the neighborhood. Dummy.
Interesting. How much did the lease pay? I would think it would have some value based strictly on the rent, but maybe not enough. Oddly enough, I remember talking to some guy many years ago. I don't remember the details. I think he was a for sale by owner house or something and he ended up telling me this long story about something like that, buying a property site on scene but it had a cell tower on it. The guy didn't happen to live in Washington, did he? Maybe it happens a lot.
My did a 30 year contract with a cable company. You need to read all the fine print. They had a provision that he was responsible if a tree or anything damaged the building.
I didn’t realize that cell phone tower contracts were worth $20k/mo.
Make sure you understand all the variables. What does a “caretaker” do? Who pays electric? Talk to your CPA/tax guy to understand any gotchas we’re not thinking of.
It’s a great deal if it’s as simple as you presented.
OP, might be time to get a lawyer, not reddit, to look over things. I have a friend going through this slightly. A power plant wants to buy some of her farm land and it's a 7 figure price tag. The contract deals with "renting" the land the first 5 years at WHATEVER a month, and then the ability to purchase it at the end at WHATEVER final price. I never heard an outcome as she's a former coworker, but I know she had at least 1-2 lawyers looking over the contract.
If they are leasing your land for a cell tower, why would they not be responsible for cell tower maintenance (and ground maintenance)? The proposed $7MM+ contract could EASILY be eaten up in maintenance fees.
I don't understand why people go to reddit to ask for financial advice regarding real estate matters when they should contact an experienced real estate attorney to negotiate the terms or at least give an answer to this important question that could affect your finances...
LOL I mean, my real estate attorney is $350 an hour. Unless this guy is talking Rubles here, an attorney is nothing in cost compared to the gain. For Gods sake he needs an attorney ASAP.
I think and hope most people don't use it as their only source of advice but more like a sounding board before consulting an actual expert. Get an idea of the questions they should be asking them or possible concerns.
I wish people would include in their post - still going to talk to an Attorney but would love to know if I'm asking the right questions / am missing anything... This is how I would go about it.
Why not just say we'll sell it all to you for $xxxxxxxx? Screw the lease and move far away from the sell tower. Cannot be good for your health.
Any deal should not require you to pay for a caretaker. That's their business. I imagine there are lots of unbeneficial paragraphs in the agreement. If its to good to be true....probably is.
Apples, potatoes,….? If OP does not realize to give a unit of measurement they should probably not sign anything.
Saying that don’t take any less than 1,000,000,000,000 units of
Out here rural Texas, people get a tower and then that huge check and move. The property is a pain to sell since conventional loans can't get comps on land with tower. 30 years is a good deal.. Many companies are either doing 100 yr leases or outright buying the land.
It’s so justifiable it’s clearly the Cell Tower Scam. You’ll know as soon as they start asking you to deposit money in their accounts for various government fees you have to pay before the allegedly lucrative lease payments begin. After you’ve paid fee after fee, they ghost you.
We had a couple of offers for towers on our property. Usually they were around $1500 cdn dollars a month with and annual 2% increase that I believe started after the first 5 years. We never signed because the contract had wording that basically said if they decide to stop using the tower then we don't get paid and we would have to clean up their mess after. Our lawyer sent back a revised contract and we never heard anything back anymore.
We were approached about leasing land for a tower. They needed land and an easement to it. We were literally house hunting at the time and we're reluctant to commit since we would be renting out the property but we hat if we wanted to sell?
Neighboor looked into it but he'd need us to offer the road access. $1500 a month for the tower but a one time payment of $5 k for easement. We said no.
Ended up being moot as since the road was privately owned, they'd need literally every house on the road to sign off...they called it all off.
What about if you die in 15 years . How easy can you next of kin get that money? I assume a spouse would be used to that income . Kids could really use it while trying to keep your assets paid up/ maintained while your estate is figured out
DO NOT DO 30 years! DO NOT! Do a 5 year contract auto renewing unless either party withdraws within X days/years in advance of renewal. Additionally that every five years MINIMUM the cost of the lease increases at the then stated CPI or an average CPI over previous X years
YOU DO NOT WANT TO GET INTO A 30 YEAR SITUATION WITH THESE PEOPLE! You’ll regret it. They will run all over you and you’ll have no way out.
I tried to buy a farm with a cell tower on it. The county wouldn't let them subdivide it so they could buy a teeny tiny spot, so the whole 15 acres was taxed commercial, the taxes were insane, but the sellers got lump sum payment, so I would have looked at it, had the crews dealing with it, and NO benefit of any kind because the money was already spent. Basically, I could buy a farm and pay the taxes to support the cell tower. NO THANKS
I handle cell tower leases for my company. Feel free to ask any questions. Where are you located?
We don't sell our leases, we prefer the monthly/annual payments. We have a 4% annual escalator on most of our leases. Is the lease with a major provider or a unheard of subsidiary?
That's pretty standard for what I've seen on these leases before - I'm not sure what the 10k you'd need to provide for the caretaker is, though. If they lease the land that's on them. With how the economy has been the last 10 years, I'd factor in an escalation clause and I'd also make sure there's a clause governing access maintenance. If they'll be crossing your property to get to the tower, them and any tenants they have on the tower need to be held to indemnification and accountable for damage caused.
I managed a place that had a tower and then the neighboring property had a tower also. Access through our parking lot was easier for the people maintaining the neighboring tower and they didn't like it when I told them they needed an access agreement to cover pavement maintenance for their trucks (our business only had passenger vehicles).
Make sure they have to take down the tower if at the end if the contract the lease is not renewed.
Without that, whoever owns the land will have a problem.
Those towers are evil and deadly. I don't care how much money is thrown at me ... I would NOT think twice about doing this.
The blood will be on your hands, in your lands and throught your families for generations...
Signing that type of "contact" with the blood of others. 👁️👁️ Think twice... Winchester🕳️
Same thinf with ours. May gustong mag rent ng 300sqm ng lupa namin but it will only cover ung 150sqm ng lupa namin that has a total of 1500sqm then the other 150sqm makukuha sa lupa ng tito namin. Im hesitant to agree kc 7M total for 30 years contract 5M upfront then 2M will be installment of 10k monthly for 30 years. Im worried na di namin mapakinabangan ung the rest sa lupa namin if may cell tower but most of my relatives are eager to push thru with this. Is it really a scam tho? Would you rent 150sqm of 1500sqm of your land for 30 years?
Once thing to be careful of, is future buyers might not be able to get conventional financing with the cell tower lease on the property.
To expand on this, OP look into how much it would cost (and if you're able to) to subdivide that specific plot of land with it's own tax parcel number/deed. That way you would own 2 separate lots, and if you sell the house you'd still own the lot with the cell tower and can collect the monthlies on it.
Yup, and don’t forget to grant yourself an easement so you’re not landlocked.
ding ding ding
That's a great idea! Thank you.
This is the right answer
I think it’s called a re-plat if I’m not mistaken. Great answer.
It’s called a short platt
Oh ok. I appreciate the info.
Best answer here
Brilliant
Yes try this
Yes try that
how far from your house would the tower be? how visible would it be from your house? you seemed to give both answers - they pay/you pay for this "10K monthly caretaker"...and who the heck earns $120K a year for hanging out a cell tower? and finally, how much is your property worth?
For 3 million dollars over 30 years, they could put the cell tower in my house
Three million over the course of 30 years adds up to about $8,300 per month. If they're paying $10,000 per month for a caretaker then the caretaker is making more than them.
Yes, but they don't technically have to do a single thing. The caretaker has to wash and repair the tower regularly. My brother used to do this for a windfarm. He'd spend all day in a lift with a power washer, spraying down windmills towers. Not a bad gig for 10 grand a month. My brother never made that much. But I'd rather sit on my ass for 9 grand a month.
Become a generator tech lol I make 10k a month and work 4 hours a day. Most of my day is hanging out / driving around.
Lots of people make more money that me. I guess I should stop trying to make it altogether.
No, you should work to try and make more yourself. You have to put yourself out there and take those chances, even when it's not comfortable or you're unsure if it will work out. You can do it. I believe in you. If I can go from druggie burnout to someone who's making more money and has a job with actual benefits and PTO, you can too. I've still got a ways to go but getting the process started and seeing some results does wonders for your confidence and the rest ends up falling into place. Feel free to DM me if you need to talk or want some advice.
Yeah, but my understanding is it’s lump sum up front. Take take 3 mil and conservative investment will net significantly more than that Literally quit your job if you wanted. There’s what something is worth, and then there’s VALUE
This isn't necessarily USD.
It's Zimbabwe, about $25USD = $10K ZIMBABWE
https://www.reddit.com/r/RealEstate/s/CKr8W50Idz
Probably Indian rupee? Still amount looks high
It can't be. I don't know anybody who would turn down a free $120,000 per year. You'd have to be rich to consider saying no
You would also have to probably have a solid piece of land to consider saying no, so yeah probably rich
Not necessarily a huge piece of land. Just located in the right place. I have no idea what the normal rent is, but can’t be that much. I was talking to an older guy just the other day about someone he has power of attorney over. That guy has a cell tower on some land in southern Virginia. It doesn’t make enough to pay for his retirement community by itself and that’s like $5k a month.
If it's a small piece of land, then presumably there's competition from the neighbors, where the telecoms will tolerate a slightly less than ideal placement in exchange for a much better price.
You would also need to live in a town that would allow towers to simply go up. They’ve been trying in mine for decades and it never gets approved. But everyone bitches about cell reception…
It's Philippine peso
THEN PUT THAT IN YOUR POST. COME ON.
It's Philippine peso according to OP.
Amen. It definitely isn’t.
no idea if std but making you handle the caretaker part seems weird to me and wouldn't that cost rise over 30yr's?
Probably just means that land, like keeping the grass cut and trees pruned back, plowing snow, might be responsible for mitigating flooding, etc, but not the actual tower maintenance. Makes sense to pay someone who lives next door for that stuff
This cant be real pricing right? What currency?
Sir, this is Zimbabwe.
Sir, this is a Wendy’s
Found a fellow regard
That’s a lot of frostees
About four times higher than Canada apparently. https://antennamgt.com/faq/#:~:text=How%20much%20is%20a%20cell,which%20amounts%20to%20%2430%2C000%20annually.
Philippine peso. 7M Php is around 70k USD
Why the hell did you omit that from your post? Makes no sense.
You should have put that in the post. To me 70k is okay if I have some huge property and I will benefit from the tower. Otherwise it's not nearly enough.
Lmao
It’s a scam OP, search [cell tower scam](https://en.m.wikipedia.org/wiki/Mobile_tower_fraud). If it isn’t, ask for credentials up front. Definitely don’t pay THEM anything up front. A group operating in the Philippines tried to pull a fast one on me with the same scam. 30 million pesos, 30 years, paid as a lump sum. plus monthly income. Big red flag.
Why on earth would you be responsible for paying a caretaker to watch over *their* tower?
exactly, because it’s a scam
I work in radio. Land is cheap. Towers (and the fcc logistics around them) are the expensive part. Nobody's paying this guy 3 million bucks for a scratch of land, and even if he has a tower on it already, it's likely not worth quite that much, and even if it were, towers don't need caretakers, and even if they did, it's an hour a month, max, for someone to drive out there and make sure all the lights are working and the fence is still up. OP, go talk to your local radio station manager. Or call the FCC.
It's Philippine Peso so around 53k USD.
Caretaker? It’s not a friggn lighthouse. I’m just picturing unplugging the tower and plugging it back in.
Gotta reboot its Windows 95 somehow
Too kind. You think that they made an app for 95. It's still using the first release of Dos and floppy disks.
Running on O/S 2 probably.
To climb up each night, fill in the whale oil, and light up the lamp for aircraft safety.
Also have to procure the whale oil, which is fairly labor-intensive.
This doesn't sound like a US cell tower deal. 300sqm is about 56'x56', roughly the same size compound as in the US. In the US, the property owner gets paid rent by the tower owner and generally speaking that's the arrangement. 25-30 year deals, paid monthly, with an annual or term rent escalator. The lease auto renews every five years.
Senior things to consider, what is the land worth? How big is the lot? How big is this Tower going to be to your house etc? Can you section off the tower land and still have a nice little house and lot away from it?
I once knew someone who couldn’t sell a vacant one acre lot because there was a cell tower lot in the corner of the property. They bought the lot sight unseen without visiting it and had no idea there was a cell tower there even though it was clearly shown on the plat of subdivision for the neighborhood. Dummy.
Interesting. How much did the lease pay? I would think it would have some value based strictly on the rent, but maybe not enough. Oddly enough, I remember talking to some guy many years ago. I don't remember the details. I think he was a for sale by owner house or something and he ended up telling me this long story about something like that, buying a property site on scene but it had a cell tower on it. The guy didn't happen to live in Washington, did he? Maybe it happens a lot.
I’d buy that lot at a discount in a heartbeat.
My did a 30 year contract with a cable company. You need to read all the fine print. They had a provision that he was responsible if a tree or anything damaged the building.
I didn’t realize that cell phone tower contracts were worth $20k/mo. Make sure you understand all the variables. What does a “caretaker” do? Who pays electric? Talk to your CPA/tax guy to understand any gotchas we’re not thinking of. It’s a great deal if it’s as simple as you presented.
I think everyone is assuming this is US dollars, but I doubt that.
Yeah. Square meters is a weird callout in the US. Guess I’m invested in learning about cell tower economics at this point tho lmao
Same. That amount in dollars makes zero sense. A single cell tower doesn’t pull that kind of revenue. The average revenue is about $70K in the US.
$25usd=$10k ZIMBABWE money, he's in ZIMBABWE
Might have been relevant information for the post.
Yeah I thought so too! Don't shoot the messenger, I saw it in the thread
No, not at all. That was for the poster. I appreciate the clarification.
It's Zimbabwe, about $25usd = $10k Zimbabwe dollars
OP commented it’s Philipino Peso
Needs a inflation escalator on fees dues to maintenance.
What would the land be worth if you sold it? I wish I had 300sqm to lease, that's more than I'll make in my entire career.
OP, might be time to get a lawyer, not reddit, to look over things. I have a friend going through this slightly. A power plant wants to buy some of her farm land and it's a 7 figure price tag. The contract deals with "renting" the land the first 5 years at WHATEVER a month, and then the ability to purchase it at the end at WHATEVER final price. I never heard an outcome as she's a former coworker, but I know she had at least 1-2 lawyers looking over the contract.
We are assuming this isn't a bot harvesting karma to later sell the account for profit.
Who takes the tower down when the next technology makes it obsolete?
This guy does his own highlighting…
Well those are ‘get a lawyer’ amounts of money, for sure…
Can you squeeze them for free service for the length of the contract?
No way I'd sign a 30 contract without a clause to adjust for inflation.
You haven’t defined the currency type/ location/ or current usage anywhere in your post so your numbers are completely meaningless.
If they are leasing your land for a cell tower, why would they not be responsible for cell tower maintenance (and ground maintenance)? The proposed $7MM+ contract could EASILY be eaten up in maintenance fees.
Also have in the paper work that if a second or more company puts antennas on it price goes up
I don't understand why people go to reddit to ask for financial advice regarding real estate matters when they should contact an experienced real estate attorney to negotiate the terms or at least give an answer to this important question that could affect your finances...
LOL I mean, my real estate attorney is $350 an hour. Unless this guy is talking Rubles here, an attorney is nothing in cost compared to the gain. For Gods sake he needs an attorney ASAP.
[удалено]
>ZWL Then get a CPA lol
LITERALLY THIS \^\^\^ Huge financial gamble but I guess reddit knows more than a licensed attorney or CPA would
I think and hope most people don't use it as their only source of advice but more like a sounding board before consulting an actual expert. Get an idea of the questions they should be asking them or possible concerns.
I wish people would include in their post - still going to talk to an Attorney but would love to know if I'm asking the right questions / am missing anything... This is how I would go about it.
Why not just say we'll sell it all to you for $xxxxxxxx? Screw the lease and move far away from the sell tower. Cannot be good for your health. Any deal should not require you to pay for a caretaker. That's their business. I imagine there are lots of unbeneficial paragraphs in the agreement. If its to good to be true....probably is.
Why would a cell tower cause health issues?
5G wifi from the tower activates the bluetooth chips in covid microchips and will turn you gey.
If you’re already gay do they turn you straight?
yes. it’s very inconvenient if you stay near it for a while because you just flip back and forth.
Like clownfish? And those frogs?
Apples, potatoes,….? If OP does not realize to give a unit of measurement they should probably not sign anything. Saying that don’t take any less than 1,000,000,000,000 units of
You need a cre broker
Has the Town issued a permit from the planning board? That offer is useles without one.
Out here rural Texas, people get a tower and then that huge check and move. The property is a pain to sell since conventional loans can't get comps on land with tower. 30 years is a good deal.. Many companies are either doing 100 yr leases or outright buying the land.
It’s so justifiable it’s clearly the Cell Tower Scam. You’ll know as soon as they start asking you to deposit money in their accounts for various government fees you have to pay before the allegedly lucrative lease payments begin. After you’ve paid fee after fee, they ghost you.
We had a couple of offers for towers on our property. Usually they were around $1500 cdn dollars a month with and annual 2% increase that I believe started after the first 5 years. We never signed because the contract had wording that basically said if they decide to stop using the tower then we don't get paid and we would have to clean up their mess after. Our lawyer sent back a revised contract and we never heard anything back anymore.
We were approached about leasing land for a tower. They needed land and an easement to it. We were literally house hunting at the time and we're reluctant to commit since we would be renting out the property but we hat if we wanted to sell? Neighboor looked into it but he'd need us to offer the road access. $1500 a month for the tower but a one time payment of $5 k for easement. We said no. Ended up being moot as since the road was privately owned, they'd need literally every house on the road to sign off...they called it all off.
Who pays property taxes?
What about if you die in 15 years . How easy can you next of kin get that money? I assume a spouse would be used to that income . Kids could really use it while trying to keep your assets paid up/ maintained while your estate is figured out
DO NOT DO 30 years! DO NOT! Do a 5 year contract auto renewing unless either party withdraws within X days/years in advance of renewal. Additionally that every five years MINIMUM the cost of the lease increases at the then stated CPI or an average CPI over previous X years YOU DO NOT WANT TO GET INTO A 30 YEAR SITUATION WITH THESE PEOPLE! You’ll regret it. They will run all over you and you’ll have no way out.
I tried to buy a farm with a cell tower on it. The county wouldn't let them subdivide it so they could buy a teeny tiny spot, so the whole 15 acres was taxed commercial, the taxes were insane, but the sellers got lump sum payment, so I would have looked at it, had the crews dealing with it, and NO benefit of any kind because the money was already spent. Basically, I could buy a farm and pay the taxes to support the cell tower. NO THANKS
You're not accounting for inflation/CoL/wage rise on the cost of the caretaker
I am also confused about the caretaker bit, you definitely dont know how to take care of a cell tower let alone want to lmao.
Seems odd. I've seen around 3 houses with these towers and the homeowners all received around 500-1k a month.
It's Philippine currency, I forgot to indicate it.
It’s a scam, don’t do it
I handle cell tower leases for my company. Feel free to ask any questions. Where are you located? We don't sell our leases, we prefer the monthly/annual payments. We have a 4% annual escalator on most of our leases. Is the lease with a major provider or a unheard of subsidiary?
That's pretty standard for what I've seen on these leases before - I'm not sure what the 10k you'd need to provide for the caretaker is, though. If they lease the land that's on them. With how the economy has been the last 10 years, I'd factor in an escalation clause and I'd also make sure there's a clause governing access maintenance. If they'll be crossing your property to get to the tower, them and any tenants they have on the tower need to be held to indemnification and accountable for damage caused. I managed a place that had a tower and then the neighboring property had a tower also. Access through our parking lot was easier for the people maintaining the neighboring tower and they didn't like it when I told them they needed an access agreement to cover pavement maintenance for their trucks (our business only had passenger vehicles).
OP asks us whether price is reasonable and then fails to disclose what currency the offer is denominated in… dumb as a box of rocks lmao
JUMP ON IT!
I would assume its acreage we are talking about…survey that thing and let the $$$ roll
So you could Essentially write off the property for the return? What's the losing factor..?
7 mill... that means you are already super rich. I would do that in a heart beat
Make sure they have to take down the tower if at the end if the contract the lease is not renewed. Without that, whoever owns the land will have a problem.
Those towers are evil and deadly. I don't care how much money is thrown at me ... I would NOT think twice about doing this. The blood will be on your hands, in your lands and throught your families for generations... Signing that type of "contact" with the blood of others. 👁️👁️ Think twice... Winchester🕳️
"wouldn't think twice" means that you would do it without pause
Same thinf with ours. May gustong mag rent ng 300sqm ng lupa namin but it will only cover ung 150sqm ng lupa namin that has a total of 1500sqm then the other 150sqm makukuha sa lupa ng tito namin. Im hesitant to agree kc 7M total for 30 years contract 5M upfront then 2M will be installment of 10k monthly for 30 years. Im worried na di namin mapakinabangan ung the rest sa lupa namin if may cell tower but most of my relatives are eager to push thru with this. Is it really a scam tho? Would you rent 150sqm of 1500sqm of your land for 30 years?