Winnipeg, Manitoba · Member since 2016 · 55 posts · 8 votes
I ran across a SFR in the mls that was price way under value. Then i noticed it was a former grow op. No wonder i thought. I was gonna move on, but it got me thinking. Is this something other investors would buy? It was a grow op in 1996. But the grow op stigma will always be disclosed from now on and would be difficult to sell. Is this something you wold have to disclose to your tenants as well?
Rental Property Investor · Cleveland, MN · Member since 2017 · 518 posts · 354 votes
9y
I'd be worried about moisture and mold issues. Also, if they were dealing there, the shady people that might show up at your door or break in and steal your tools and stuff while you're working on it.
Rental Property Investor · Denver, CO · Member since 2013 · 4k+ posts · 2k+ votes
9y
@Lee Cruz I would buy unless there was mold or water damage from the grow-op. Here there is no stigma associated from having a grow operation in a property unless there was mold or moisture damage.
Rental Property Investor · Calgary, Alberta · Member since 2017 · 7 posts · 0 votes
8y
Your realtor in your area may be professionally bound to a code of ethics to disclose if the house was a grow op. The main hazard is the presence of black mold.
Investor · Manteca, CA · Member since 2017 · 1k+ posts · 2k+ votes
8y
Hell yes....that stigma often comes with a very low price. As long as the inspections are fine, you may get a hell of a deal. They do tend to trash stuff and do hokey plumbing and electrical stuff, so make sure you check it all out.