Updated over 7 years ago on .
Grow House Seizure For Fix & Flip!
Hey BP Folks!
I came across a single family property with an inground pool that is good for a fix and flip. The thing is this property was used for a grow house.. yup. The flooring completely torn out, the place was wired specifically to grow the green stuff, and they had put in all sorts of piping and ventilation systems. An extremely weird situation Going on there.
The guy was arrested and the house was seized. I would love to hear your thoughts on this situation. Has anyone ever dealt with a Fix & Flip like this before?
The ARV is 900K
Rehab Costs are going to be 300K+
As a NEW investor, is this something I should be passing along to another investor with more experience? I Would LOVE to join up with someone on this just to learn as much as I can. even if the profit isn't much.
Thanks in advance!