Questions about credit, banks, money, and everything about renting a house.

[Bulénath]

Aloha everyone.

I plan on doing a solo 2kw+ operation and rent a house to do so, both for the first time. There is no one in my life who can offer advise based on my plans, and I am desperate for good help from the older-folks who know the ropes. Here is a little about myself, and what my goals are:

My age is 26, and I currently work at home as a care taker, technically menaing I am unemployed. I have $5,000 cash, and $38,000 in a mutual fund under my fathers name, which can be be transfered to me at any time I wish; I have always lived with the philosophy on staying "out" of the system.
I hold a medical marijuana certificate form the state of HI. However, I plan of having about 40 plants at any given time. My exact energy usage will be 2,500 watts 'round the clock, including fans, lights, and aircondition.
My goal is to live in a particular country side house with a large yard, alone for two to three years, completing 2-3lbs every month. My target income is $10k, with possibilities up to $15k monthly. The finish line is $250k, and then I will retire anywhere in Asia.
Needless to say, I am confident in my growing ability, and my ability to "rid" the results. I plan on investing about $2,500 a month, for four months, into rent, bills, etc, until I finnally harvest, dry & cure, and then drop it. Four months seems reasonable for a 60 day finisher, just incase the unpredicatable happens and I need to buy the extra time.



My concerns are these.

I do not know how to go about renting a house, especially because I have never lived alone before. I have no income, never once paid my taxes because I never once had a "real" job, for every job always paid cash, under the table. I have a new young-adult checking account, you know those free ones that have no minimum ballence or fees...The lowest level of checking accounts. Because I have no real job, and probably no credit, I don't know what I should be doing right now, to prepare for the big move...First of all, I do not plan on working, at all! I can't work right now because I take care of my elderly grandmother at home and also I suffered a bad accident which makes it hard for me to work a real, 9-5:00pm job. I want to say I make my money online, so I can work from home. Such as buying and selling on Ebay, managing websites, web design, etc. However, even if I claim to work these jobs at home, I will still have no pay check or income to report on paper.
But I do have the $38,000 in mutual funds, which is legal cash on paper, and also my $5,000 cash on hand.
The type of house I plan on renting is going to be about $1,700 - $2,000 a month, because I need a big, secluded property, and, Hawaii is expensive.
But how does one rent such an expensive house, if they have no reported income and no credit?
So what should I be doing to prepare for this big move?
Do I need to get a credit card and hurry up and develop credit?
Do you think most realtors who rent houses out in the country side where it is far away from everything, where no one really wants to live, will be cool with having tenants with no reported income, but atleast a certain amount of cash on paper?
How much cash in my bank account should I have, in such a case?

There are so many quesitons and concerns it is hard to constrcut all of them...Any advice, experiences, sugesstions, help, etc, is really, really appreciated, alot. Thank you guys in advanced for all help. Aloha!

 

[headiez247]

Overall easiest way I see going about it is saying your an artist and paid in cash, and show her the bank account with $38,000 in it, I think many landlords will stop asking questions right there. (re-invest it afterwords don't just let it chill in ur checking account) Have references they can call for you, past landlords etc. A lot of people need houses and don't have credit. Also being Hawaii I feel like finding a person who will take your situation should be doable.

One concern I have is your projections. I'm running 2k. 2-3 lbs per month under 2k of lighting is a really high goal.

Either way it's totally doable just gotta find the right landlord, and since you have this massive amount of cash you can show on paper, you should be just fine

 

[rightwingblazer]

pumping 2-3 p's a month is very hard thing to do with the limited amount of power your running. getting 2 p's a light is pro. be alittle more conservative in your numbers. try 1 1/2 p's a month. thats more do-able. your gonna have to dial in your system to even pump 2 p's a month. i made the mistake when beginning of being a little overly ambitious and was dissapointed and nearly broke.

you dont need that big a house. 1 1000w per room isnt suspicious. just invest in a carbon filter. you may need to run a 220 if your gonna use the lights in one room. dont under estimate the cost of power. that shit adds up. i was once in your shoes. my bank bankrolled my first op. i thought i had to be in the country to. i dont. i pump 1 1/2 p's a month with bubba kush in the winter with 4 600's.

my buddy lives in maui. he uses a greenhouse. he experiences mold problems because of the humidy.

have a friend or someones dad who owns a business write you a check and vouch for you as a employee. it worked for me.

 

[Bulénath]

Thanks for the replies and help.
To clear this up, I plan on doing a flip flop, so actually 4 x 600hps bulbs.
I figgure with my current 60 day strain I have been working on for quite some time now (over two years), I can pull 2-3lbs per flowerchamber-each with 2 x 600hps bulbs. I mean, after all 2lbs is way less than 1 gpw per 60 days.
Currently, I'm consitantly pulling 0.7gpw per 60 days with my 150's, I got it dialed in!
Well maybe 2.0 lbs/month to start off. I doubt I will break 1gpw per month anytime soon, so maybe 2.5lbs per month eventually, at best. Either way, $5k per lb is a decent deal out here.
Basically, I know what I am doing, and have little to no concerns about the grow itself becasue I am confident I will hit the numbers I want.

Well I plan on spending about $7,000 into all the grow equipment & grow room construction. Each room will be 3.5 x 7 x 5 feet high, and built with 3/4" thick Melamine sheets with an exterior frame so the inside is perfectly smoooth, accomadating 2 x 600hps cool sun refectors, 2 x 440cfm panasonic whisper fans with two can filters, and a 449cfm vortex for the lights alone. Oh and the flip flop I am getting from http://www.progressive-growth.com/proddetail.php?prod=43015
...Unless anyone knows a better deal. I don't wana build one.
The rooms floor print is 49 watts per square foot, and the reflectors are perfectly symetrical with the grow box. The fans are more than 5 air exchanges per minute, and very efficeint and quiet. It will be like the best most dialed in micro-grow box, only very, very big.
The entire thing, with fans and the air condition, and veg boxes, will total 2,400, maybe 2,500 watts around the clock. I don't know if this is going to be a major concern when I move in. Though I do plan on installing a 50 amp circuit to the bedroom that the boxes are in.

Do you guys think this will be a concern, given I am living alone?

Anyway, I don't know anyone who can write me a decent sized check every month besides my family, for being my grandmothers nurse. Perhaps I can give them cash, and have them wrtie it back in check form. On the other hand, I will be at home all the time, so it will look kinda funny getting paid for a job that is based far away.
My #1 rule is to stay at home at all times. I will rarely leave the house, at all...Don't wana risk getting ripped off, ever! Besides that, no one will know where I live, except for my family. Even my good friend who will be my middle man to drop the stuff will not know I have moved!
I am doing this very, very discretely.

Besides that, I am thinking it may not be the best idea to transfer the entire $38k to my name. It will definately have to be taxed. And if shit really happens, I don't want to loose all the money attached to my name!

So perhaps I should only transfer about half, or $20K into a seperate account I can show my land lord? Do you think that would work?

Or perhaps I shluld huurry up and get a credit card and start developing credit? I know nothing of that whole scene...


Don't you think it might be a little suspicious that a 26 year old guy, with only $20,000 on paper, claiming to want to work at home on the internet and work on my art, be it writing or what ever moves into a $2,000 a month, 2 bedroom home with a big yard? A regular 2 bedroom, 1 bath old cottage style home on half a acre in the country side on Oahu goes for atleast $1,700...
I mean no one I know of, that is my age, can afford a $1,700-$2,000 a moonth home, and live alone. Espeically with no real job, instead claiming to try to start working at home, and only having $20k in the bank account...
It might look kinda strange, don't you think? Or perhaps it's just paranoia that got me...


Well thank you for the help, please keep it coming!

 

[Bulénath]

Sorry I had to edit the above post like a hundred times, hehe

 

[bounty29]

26 year old, works for some company over the web doing some sort of programming, looking for some privacy so he can program in peace. Get yourself a good back story, be prepared for any questions. If you know you can grow, the rest of your problems shouldn't be what stops you.

Maybe offer to pay a few months in advance to calm any doubts they have?

 

[king of thorns]

Just stay away from those "once a month check" landlords. Tell them/him/her at the "interview" that you are looking for some privacy and that you expect them not to bother you also, tell them you are very quiet, you never complain and that you always, ALWAYS pay your bills on time and you should be fine. But in any case have a plan B if any day landlord comes into the house. Im just a bit concerned to have a single person in a house, anyone expects couple or a family right?
Hell you can do it, I am planing the same thing but Im going to do it in the apartment w/ 2k lightning on a flip flop box. But first thing I'm gonna do is to put on some fileservers there and call a electric company to tell them Im runing 3 or 4 smaller servers so Im constantly grabing for lats say 2000-2500w, also I will tell them if any of the electric guys can come just to check some wiring and shit so they can see it and make a mark on the note. after he leaves I break down the servers and start to build my laboratory

 

[habeeb]

I mean no one I know of, that is my age, can afford a $1,700-$2,000 a moonth home, and live alone.

-you know how many wealthy kids there are on oahu. 2k a month is a joke for oahu.

-250k and your gonna retire. sorry kid, it takes more then that to retire


let me give you some advice. don't grow on oahu, cause if you get caught your not gonna like the cell mates there. don't ever sell. don't think 250k is gonna take you through life. if you don't know how to rent a house, then your not in a position to be selling cannabis in hawaii. having a medical card is being out in the open already having people know you grow........

I'm not trying to be mean, but dude, wake up and get a real job. your end goal is just not reasonable, and you will just end up losing money, or worse your virgin butt.

you need to have some better goals then living in asia with 250k for the rest of your life. you sound like your life is good right now so don't mess it up.

 

[Sleepiesthead]

Really, having a script let's people know you grow already? Who? The doctor? Doesn't really make sense..

Also 250k is a crap load of money in some places, though I don't think I would want to live the rest of my life in a foreign place with limited cash but that's just me. Where in Asia are you thinking?

I go with Bounty, no landlord in their right mind would turn down 6 months rent in advance, and it doesn't look suspicious. Just have a good story that's all you need.

 

[ExEcutioner]

But first thing I'm gonna do is to put on some fileservers there and call a electric company to tell them Im runing 3 or 4 smaller servers so Im constantly grabing for lats say 2000-2500w, also I will tell them if any of the electric guys can come just to check some wiring and shit so they can see it and make a mark on the note. after he leaves I break down the servers and start to build my laboratory

wow Could you elaborate on that. Sounds great. How do you put up a server real quick for that?

 

[ExEcutioner]

How do you have dimensions for the grow before you have the house, are you making your rooms?

I was assuming you were doing perpetual harvest with those expectations. why only around 40 plants? you sound very confident and i want to see your setup when you get it goin cuz it sounds cool. Real efficient inline cooling i imagine. 5x exchanges is primo.

 

[SemperAltus]

Get chick you love and trust, and have her work full tiem and put it all in her name haha

what a friend of mine does, been doing it for 5+ years

 

[king of thorns]

wow Could you elaborate on that. Sounds great. How do you put up a server real quick for that?

I actually already own 3 fileservers. got to if your on HDBits
two of them have 1100w power supply and one has 600w and they run on maximum. got myself almost 20TB of space and now we are even in process of putting up a web server so I dont find servers to be a real deal to cover my grows, Im more worried about neighbours if they start to become suspicious on me spending so small amount of time in my flat

 

[Bulénath]

Thanks everyone for the help!

Sleepiesthead,
"no landlord in their right mind would turn down 6 months rent in advance"
What do ou think if I offered three months in advanced.. I mean the deposit, first months, and the next month, and also showed $20K in the bank account?


King of Thorns,
What do you mean exactly by "stay away from those "once a month check" landlords"?? The standard here is one payment a month, after all. What do you really mean by that?



Semperatlus,
There is a particular girl who I know, she is 32 and during harvest season in Cali, works as a trimmer for large commercial outdoor grow-ops. We have talked about living together as complete hermits, with no social life, and splitting everything. It's a great idea to have the rented house in her name!.. But... I wana do this alone. Having someone else in the house, when I am the brains behind the operation, and all the bullshit that comes with that relationship, perhaps isn't the best idea in the end. I know I can live alone like a hermit. Infact, I prefer to be the hermit that I already am... I hate having people come over in the first place, and am sorta a clean freak... I need a lot of personal space and love to be totally alone without any social life!


Habeeb,
You sond exactly like that voice in my head called a conscience.
Well, I was planning on living on the beaches on India in the winter, and the Himalayas in the summer. Perhaps South East Asia too, including Indionesia. After all, for U.S passport holders a 10 year India Visa is possible for almost anyone. I figure $5,000 a year for the next 50 years, that is including inflation over the years. I know I can live comfertably in India, granted I rent and live the local life, for less than $10 a day, as it is equally possible in almost any, non-westernized country, in Aisa...
I love India, and actually want to retire there, and live there for the rest of my life. It is my ultimate dream. And with $250k, I know I can live like a king until I die, In beautiful mother Inida...

As far as not growing pro because I don't know the techincal aspects of renting a house, that's a little too far fetched a precaution, even for this timid first timer.

However, Habeeb, your suggestion that Oahu prisions may not be the best place, I can agree with. I have 100% the option of setting up shop on the more rural neighbor island Kauai. I have more family there who are currently, and have been in the biz since the 60's, than anywhere else. I also have a reliable middle man, renting my very close relatives property out there, who will definately drop 2p's a month for me, for sure. So I know I can pull it off on Kauai super easy, for it's like one big family out there for me...
...But.... I will have hard time getting my curret strain out there, to the island of Kauai! Not to mention all my belongings. I have been working on this strain for 2 years, for this very reason of going pro, and I can't take it with me to Kauai. Basically, if I set up shop on Oahu, I can have all my plants ready for flower, the day I move in. It could cost me an extra $6k-$10k in rent and monthly expenses just to build up to the point I am at now, if I ditch my current strain and set up shop on a different island. But living there on Kauai is also a dream come true, as it is really beautiful and more relevant to my energy and who I am... It's a hard decision. In the end, I think I really will just stay on Oahu, but do this operation in the remote country side, where I have very few neighbors and a lot of privacy.

Do you guys really think the fact that I am one of 4,200+ registered patients in this state pose a very big security risk? First of all, I am registered to my currnent front-address. I am completely out of the system, for the most part. Well, I never had my name attached to any bills, houses, credit card statements, etc... Only a checking account that I use online. I don't even have car, so I am not currently registerd with the DMV data base! But I have been in the past, to my current, front-address. Besides that, I plan on using that checking account to order ALL of my supplies to my current residence, before making my big move. I currently live with my grandmother and a couple other relatives, in exchange for taking care of my grandmother. Never once paid taxes or had a check-paying job. So I think I am pretty much "out of the system"... I think..... You think???

My move will definately be discrete, but I will not use a fake ID...Though I doubt it really matters too much. I mean, after all if I change residence, without really changing my shipping address, bank account address, medic-aid registered address, basically the main address on paper, it should be enough to get by discretely, right??? Even if I use my real name and show the land lord my real bank account that I will probably transfer $20K to, for the big move...? On that same note, what if I had exactly $20K in my current checking account, do you think that is enough cash, coupled with my cover story, to convince most Oahu landlord to rent to me a $2K a month home in the coutry side???

Besides that, any suggestions on supposed job titles or sources of home-generagted income I can use as a front? I was thinking of saying I am an aspiring writier, who does computer programming and web design, and a little buying and selling on ebay, which generates a steady $2,500,-$3,500 a month, depending on my contracts, etc... What do you think? After all, if the land lord questions me about these things, I have no knowledge about computer programming and web design!

I really appreciate all your opinions and suggestions! Please keep them coming

 

[rightwingblazer]

bule- you only need that check i mentioned 1 time to prove income/job. you wont need proof beyond that. if its possible, work a part time job to supplement your income.

 

[Bulénath]

It would be hard for me to get a check that i can pass off as payment for a job I did, and will continue to do, from home! After all I don't ever plan on leaving the home, too often. Besides, I don't want to have a real job or side income, I really feel I don't need it, or the hassle, right now in my life. I have a good amount of cash and I don't want to work, ever.
I have broken too many bones, and am in too much pain, to work a steady 9-5. Also, I don't want to bum unemplyment income off the government either. They give me medical, and thats good enough. I just wana grow my plants, get my cash, and go away to India.

 

[king of thorns]

King of Thorns,
What do you mean exactly by "stay away from those "once a month check" landlords"?? The standard here is one payment a month, after all. What do you really mean by that?

the ones who like to keep anything on record, to come to your house at least once a month to see how things stand there, some even forbid any visiting and stuff like that. mostly PITA landlords

 

[Bulénath]

Okay, I gotcha...

Man that would suck if the landlord kept coming over. I woulden't even want him/her coming over at all. Hope that kinda place won't be to hard to find out here.
Are most land lords nosey people who like to come inside the home often?
Surely there are cool ones that just want the money every month, and other than that, they stay out of your buisness..

How would a grower go about confirming that the landlord won't butt in at all?
Like how would you bring it up during the interview and what would you say?

 

[king of thorns]

well first of all I don't even consider private offers instead I look only for (in my case apartments) that are rented by real estate companies. otherwise I dont think there is much one could do in preventin landlord checkin on you if he is that kind of person, all you can do is mention what I posted before (youre quiet,pay bills on time etc) and that you expect some privacy over here including him. But if I would you I would not even consider convincing one into rather than just pass its offer and search for others. Luckily you have also some real good landlords ( like mine =) ) who even dont give a fuck if you grow as long as you pay the rent. I havent even seen my landlord and dont even know how he even looks like in all 3 years Im here. That is a jackpot if you ask me

 

[Bulénath]

Thats good advice. I was looking on Craigslist and some of the homes I was checking out are all rented out by the same name/phone number, a good sign of a company perhaps. I will definately try to find a company to rent from, now that you mention it!

So you grow in aprtments eh? That seem really risky. Although I gotta agree that not ever seeing your landlord for three years is quite the jackpot indeed.

An older friend of mine, about 40 now, used to grow mushrooms commercially in rented apartments. He said he told the land lord, that he is a writer, and absolutely needs his silence, and no one to bother him, ever. Apparently it worked. It is a good story I may adpot, unless perhaps someone shares a much better idea.

Has anyone who rents ever had the land lord request to come inside and look around, given the 24 hour rule? I am just wondering how prevelant that is, so I know what to expect.
Anyways, thank you all for the advice thus far, please keep it coming!