40 Acre Hemp Farm in Terrebonne Oregon
Investment Info:
Other commercial investment investment.
Purchase price: $640,000
Cash invested: $210,000
Sale price: $790,000
Bought a 40 acre property to start a hemp farm and then sold for a profit when our head grower broke his leg and no longer could help run the farm
What made you interested in investing in this type of deal?
I have worked in the Hemp industry since 2018
How did you finance this deal?
Hard Money
What was the outcome?
Unfortunately was forced to sell when my main partner and head grower in the project broke his leg and was no longer able to continue. We hedged our bets though and sold for a healthy profit
Lessons learned? Challenges?
Financing a Hemp farm is incredibly difficult because it's a new industry and many lenders are scared away because of the similarity to cannabis. Through that I learned no only what options are out there for people in the Hemp/Cannabis industry but also learned about all the options available for other niche property types
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes, Jaxson Landrus was my real estate agent and did an incredible job