Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 7 months ago,

User Stats

10
Posts
1
Votes
Beth Thorne
1
Votes |
10
Posts

HM for 15+ Acres w/ Renovated Geothermal Net Zero Farmhouse & Cannabis Growing Bldg

Beth Thorne
Posted

15+ farmland acres + renovated 1890 farmhouse + a startup cannabis business, in excellent, historic rural/country Maryland location. Beautiful and picturesque, adorable small town, Land is in a preservation zone, but there are ways besides subdivision to make money on land. Resell value for farmhouse and yields from cannabis business will be ridiculous after project is complete.

Our plan is to turn one of the buildings into a cannabis micro growing facility. It already has electric, heating and plumbing, almost 9,000 sq. ft. We are familiar with the process. There is a shortage of product and limited certified growers in the state, so the demand for product at dispensaries and processors is very high. Maryland is also considering making psilocybin legal (next few years likely). Great idea to get in on the ground floor in that market, meeting with officials. I’m a very hands on entrepreneur, own a small prime government contracting business. Also, we plan to make the farmhouse and growing building/s nearly net zero, which will lower cost of utilities to zero. It will also significantly raise the resale amount. Selling the renovated farmhouse and 5 acres could easily go for 900K in that area. The money is spent in the initial investment of renovations, which also include tax incentives, grants and other incentives.

Project can be completed in 6 months.
TOTAL INVESMENT: $2 million

Offering