Skip to content
×
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
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Commercial Real Estate Investing
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 over 6 years ago on . Most recent reply

User Stats

4
Posts
1
Votes
George P. Borstell
1
Votes |
4
Posts

purchasing an industrial property with potential pot growing

Posted

In process of making a purchase and found a potential pot growing facility. No weed found, but a room that appears to be set up for growing is in the unit. TAW located in M. Anyone deal with this? Any advise? Thank you

Most Popular Reply

User Stats

3,280
Posts
3,065
Votes
Michaela G.
  • Investor
  • Atlanta, GA
3,065
Votes |
3,280
Posts
Michaela G.
  • Investor
  • Atlanta, GA
Replied

I believe that  marijuana has been legalized in Massachusetts, so, calling the cops for what?

Is this a deal? If so, then I'd be more worried about making sure that the electrical service is up to snuff and that you don't include water in the rent. Also, how secure is the facility? I would ask for higher deposit, but pretend that I don't know what this is for. 

While it's still illegal federally, I think the risk of them clapping down on businesses in a legalized state is pretty small. 

They can't just come and seize your property. I've been dealing with low-income property and twice I got a letter from police, stating that one of my tenants was arrested for dealing (they had to do 3 under cover buys) and if they were caught again in the future, they'd then seize my property. So, there's a legal process that they have to go through. They have to notify you and give you the chance to rectify the situation - evict then. Apart from that, if it's legal, the police doesn't really have any reason to create problems. 

Loading replies...