Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 6 years ago, 01/07/2019
Converting marijuana grow house back to normal
Hello BP. When buying a previous MJ growhouse SFR, what would be some things to look out for?
I'll be looking at a property with the basement FORMERLY used as a growhouse. From the pictures, all the equipment has been ripped out and looks like a "clean slate" inside. Basement is concrete slab and partially finished. I read an article warning about possible illegal wiring, plumbing, bad sewer, rotting floor and danger of mold. But any other issues may I run into that I haven't mentioned yet? Any gotchas with insurance, hard money loans, laws and the like that you know of from experience? Finished product is to be a properly rehabbed standard SFR and marketed as such.
Thanks in advance for any insight and lessons learned!