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Updated over 5 years ago on . Most recent reply
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Would you buy a former grow op within the GTA?
Hi Everyone,
I'm new at this and am looking for the community's insights and advice.
My husband and I are looking into real estate investing and possibly flipping houses. We came upon an under valued house which turns out to be a former grow op. The seller has been trying to offload the house for 2-3 years now. In your opinions, if we could buy the house for a significant amount less than market value, and complete all the required repairs to make the house safe and livable, would this is flippable? Or would the former grow op stigma still be there and no matter how nice it looks, buyers would not be able to look past it? Would we still run into difficulties selling it?
Any advice or insight would be appreciated!
Thanks!
Felicia