Our property is in MI but we live in CA so it's hard to keep track of the tenant. We recently visited and discovered that they have been cultivating marijuana in the basement. They were growing and dispensing mariju...
I am about to purchase my first rental. Those that are local know how hot the market is here. There are few properties that go for less than $1000 per month! The buy in is high, but the rewards seem to be worth it... ...
I know I might be opening up a real can of something on this thread but I need to get some advice from some commercial RE investors if possible. I recently ran across a rather unique biz op. I have a client that's bee...
Hi everyone:I have a no smoking clause in my lease agreements, which prohibits the use of the recreational marijuana. However, a tenant recently informed me he has a prescription for medical marijuana.I haven't been a...
Hello, people smarter than me!
I noticed last time I renewed my tenants' leases (MA) that there's a new clause in the BP-provided form about cannabis usage, with some really draconian-sounding restrictions on it (te...
Thanks @John Weidner for pointing this out. Illinois is a medical marijuana state but we do not have dispensaries yet. But this was sent out in our Realtor Newsletter about how the new laws in place will affect land...
I have under agreement a commercial property which has 8 units. I have discovered a few issues while doing my due diligence that have me leaning towards backing out of the deal. One issue is that one of the 3 building...
Hello everyone it has actually been a couple years since I've been on BP, although I would like to credit these guys with enlightening me enough to purchase my first flip with none of my own money within the first 6 m...
We have a renter in Colorado that has turned our four bedroom home into a four bedroom grow house. We need legal advice from an experienced attorney who has experience with this probkem. Any advice would be appreciat...
Investment Info:
Single-family residence buy & hold investment in Nevada City.
Purchase price: $133,000
Cash invested: $40,000
Sale price: $242,000
Bank foreclosure purchased at auction for $...