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Updated about 10 years ago on . Most recent reply

User Stats

8
Posts
1
Votes
Andrew Moore
  • McCloud (Mt. Shasta), CA
1
Votes |
8
Posts

Grow Op in the basement of a home I want to buy/hold.

Andrew Moore
  • McCloud (Mt. Shasta), CA
Posted

Ok, folks.. Off market 3/1, lots of rehab upside 80K. But the seller has a non-operating grow room in the finished basement he wants a side 30K for. (Hard not to laugh, but he sees the value there and considers the two, one and the same).

And it's been there for 10years. I want to buy the home (apples) but he wants to sell the business (oranges) too. Even with questionable legality aside (Siskiyou co ca), he'd have to account for depreciation, etc.

But I Dont even want to go there.. see his 80Kand raise him 10K?

What about an appraisal/inspection? Code? Plant hydro tomatoes?

Frustrating, he owns it free and clear, its vacant, I want to live in and rehab it. Re-fi out asap and see a 50K gain.

Ideas? Thank you folks, A.

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