Have you ever flipped a property? Buy low and sell high.
The key to residential real estate play is to target cities that are in need of economic boost where home price appreciation is likely to be the highest post-legalization.
Home prices will increase with economic boost and increased employment. The prospects of employment, as well as the ability to legally buy and grow, have led to more people moving to states with legalized marijuana, boosting home prices in those areas.
Las Vegas, Nevada and surrounding areas, California, Ohio, Florida and North Carolina are some of the states that should be looked at closely and research could prove to be easy money for the next five to seven years.
Legal cannabis is now one of the fastest growing consumer industries on record in the past 50 years and the industry is also set to surpass manufacturing in job creation by 2020 according to Forbes.
A recent joint study by the University of Nevada and the University of Mississippi shows that cities and towns in Colorado that adopted retail marijuana laws following state approval of recreational use enjoyed a 8.3 percent increase in housing value tied directly to the statute alone.
I purchased properties in the year 2000 prior to Colorado medical marijuana approval and experienced as high as 300 percent increases in property value by the selling year of 2010.
In some instances, some land prices in certain California counties such as Humboldt have shot up tenfold over the past two years alone.
In southern California cities like Desert Hot Springs, old houses have been partitioned to multiple living quarters to rent out to bud trimmers and other needed employees in the marijuana industry. These properties can and do bring in income.
Never use a realtor. A real estate attorney is a better choice and will give you advise that is solely in your interest.
My book will teach you how to improve a property and re-sell it for 300 percent more. It will also give you the freedom to work-from-home and bring in an annual salary based on the size of the property.
Read my book and it will help you start your plan. Real estate gives you the flexibility of flipping the property, having tenants pay your mortgage, or become an entrepreneur and start an edibles business. The marijuana industry has many more years of growth but it’s a no brainer to get in for a cool 5 years.
I have been a resident of Colorado for 36 years. I’m a former owner of a Denver dispensary. The dispensary sold for my retirement. My book, titled “Colorado Marijuana Real Estate” is a how-to-guide for the entrepreneur and the blue-collar guy. This book provides a blueprint for starting a medical marijuana business plan.
Download the ebook for FREE: http://www.coloradomjrealestate.com
Get the paperback for the low price of $8.99 at Amazon: https://www.amazon.com/Colorado-Marijuana-Real-Estate-Hidoshi/dp/150885047X/ref=sr_1_1?ie=UTF8&qid=1507368993&sr=8-1&keywords=Colorado+Marijuana+Real+Estate