Former Marijuana Grow Op - How to Get Financing

[TheGoose428]

Good way to get busted. Electricity bill? thermal signatures? and filtered air pollution.

[electrodubz]

You do not disclose to anyone outside your operation that you are growing. To tell a financial institution is one of the most retarded things you could ever do,. There is no benefit to telling someone you are growing weed, filming porn movies, stealing cable television signal or anything else that might be seen as objectionable. Especially a Marijuana grow where people could gain financially by knowing about your grow...

[canadamortgage]

Even if all that work was done, most banks still won't finance a grow op. The long term effects of mould, chemicals, etc present a legal risk that banks just don't want to take on. There are a handful of exceptions, but by and large, no.

[GANGSTAR604]

why the fuck would u tell the bank if u had a grow op. ur just asking to be arrested for conspiracy if u tell them u did.

[canadamortgage]

@GANGSTAR604 It's not that people WANT to tell them. There is a piece of paperwork the lenders demand on a sale called a "Property Condition Disclosure Statement" and sellers are bound to disclose it there. They don't always do so, for the reasons you mention, but open themselves up to liability by not doing so. That said, even if it's a past grow op, I can finance it. People just need to follow the program I've go, and it's easy.

[cicero55555]

@GANGSTAR604 because he is ur banker it is between you and him, he would not tell no police he gets mad money out of it, and he would not have to tell anyone elsse what its for he would write it down for something else.

[canadamortgage]

He's talking about grow ops. Though I confess, the technicality of how to run a grow op is beyond the scope of my abilities. I just know how to finance former grow ops.

[BigBananaMan]

Is this guy talking about meth labs or grow ops?

[canadamortgage]

Also, grow ops require high humidity to be effective. Like 85% - 90% humidity, which is very damaging to drywall and can be to structural as well. Thus, having a grow op isn't the same as a normal garden that thrives in normal humidity. High humidity leads to possible hidden mould growth, damaged drwall, and possible structural rot. The house the bank's security, so again this matters.

I don't make the rules, I just report on them. Hope this helped.

[Marachuan]

@canadamortgage no they dont.

60% at most is best for optimal vegetative growth and 40% for bloom....so you fail there.

further which most growers use whats called panda poly to reflect light and hold in the temperature/humidity and co2 better which generally keeps EVERYTHING enclosed in a poly room and vented so MAYBE some cash cropper dont do this and it COULD result in mold but anyone who has any growing knowledge which is MOST growers will have no trace.

cheers.

[canadamortgage]

@Marachuan I'm not referring to what is optimal and for growers that know what they are doing. They don't get caught, usually, and the houses aren't marked as former grow ops. For them to be flagged as grow ops means it was busted. Usually it's a small operation by amateurs, where humidity is way too high, and proper poly isn't used to seal the rooms from the inside moisture. If everyone was that discreet, no one would get caught, and this video wouldn't exist. I teach financing, not growing.

[Marachuan]

@canadamortgage hahahah touche!

[canadamortgage]

@Marachuan Regardless if the house was well sealed or not, or grown properly or not ,the rules I describe on financing are nonetheless the facts.

[Marachuan]

@canadamortgage

so regardless yes I agree with you but to clarify anything above 60% is bad for anybody, and yes coastal properties see this or higher at many times of the year....ohhh the irony!

good day.

[canadamortgage]

Yes, even if the house is fully repaired, it will be trouble with the banks UNLESS you get an environmental study done. The reason is what is "livable?" Does that mean you COULD Live in it with mould floating around (even though it looks fine)? Or does that mean REALLY fixed? The bank doesn't know what was done as a fix. So long as you get an environmental air quality test ($1k) you're fine. Frankly, anyone selling a former grow op property should already do so, but are cheap.

[firestoneslave]

So lemme ask ya this man...if i went to buy a house that was used as a grow op, and the grow op had been completely cleaned up and the house made liveable again the bank would still give people crap?

And also would the banks not want to finance a house that had, or currently has a LEGAL indoor garden in it???

Just wondering Im not a bank but to me growing a plant inside is growing a plant inside...whether it was a legal plant grown there or not is for your own personal opinion....