Saturday, December 15, 2007

Investment Properties

Creative financing.

Sheriff's Office narcotics detectives reported raiding three houses where hundreds of marijuana plants were being grown.


...


The investigation, which started 18 months ago, has led to a total of six raids at five addresses -- including the houses searched Thursday -- Carney said. Detectives have confiscated almost 2,000 plants, worth $2.4 million to $3.6 million on the street. The other houses are in South County and one has been busted twice by drug officers, Carney said.

The same group of people bought all the houses in 2005 and allegedly set up the grows, according to detectives. Investigators think the owners were using the marijuana grows to pay the mortgages on the homes.