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Updated almost 4 years ago,

User Stats

12
Posts
3
Votes
Michael Taylor
  • Lender
  • Santa Rosa, CA
3
Votes |
12
Posts

Cannabis Property Investing

Michael Taylor
  • Lender
  • Santa Rosa, CA
Posted

As an owner of a licensed cannabis dispensary in California and deal technician of other cannabis retailers, I’ve noticed the big winners are always the property owners. I just got my real estate license and know of several real estate deals I can broker for good money but I’d much rather become the property owner in the transaction. Since working with banks is a no go I’m wondering if anyone has an opinion on how best to structure a deal like this and what equality I should give as I don’t want to be to greedy or short myself. I have money to put in the deal but always love putting up nothing 
some basic numbers would look something like this

$1,000,000 purchase

Property rehab paid by tenants $200,000 (sewage, city water connection, fire sprinklers, external and internal rehab)

Rents would be locked in at 10 years + multiple 5 year options & 2.5% annual increases starting @ $9,000/mo gross 

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