Goldmine or nightmare for Canadian Real Estate Investors. Meth Labs Busted, Methamphetamine is among the most increasingly common used drugs in current’s society. Meth is known to be a very powerful illegal drug. This sort of drug causes major health issues not only while using it, but also when producing it.
Meth Labs Busted
Other forms of this drug include crystal meth, crank and lithium. Snorting, smoking, and inserting needles are this drug’s type of usages.
Every year, homes are sold to unsuspected buyers in Canada without having an idea that the house they are purchasing was formally a meth lab. The police discover thousands of meth labs each year. In some cities, there are no rules or regulations for sellers to disclose the history of the property. Thousands of meth users do not check if the house is contaminated before selling it.
You can insure that a meth lab was not previously being produced in your home in many ways. Purchasers can inspect the property’s deed with the county office’s clerk, as it might be registered, or they can inquire the local police about the property.
Nasty smell like a cat’s urine or powerful chemicals scents are also examples of ways to discover whether a meth lab exists. Because meth labs need a lot of attention, usually the property’s windows are covered with regular visitors during the night, and irregular hours of the day.
Meth lab equipment is not safe at all. High quantity of garbage is tend produced by meth users. While checking out these properties, you might discover rubber gloves, dusk masks, propane tanks, and certain substances like paint, drain cleaners, acid and iodine.
Although, if no signs are visible, it is possible to detect meth labs by purchasing meth lab kits for $55. If these examinations are positive, the buyer can choose to get professional meth lab detection for about $600. These properties may cost about $10,000 to clean. Meth users tend to have disordered lives.
They tend to be separated from the community and choose to live in privacy. The properties are messy and left abandoned, in which are lost to foreclosure and are resold for cut-price. The number of Meth labs seized from 1993-2003 extremely rised by 925%.
According to CBC news, meth lab cleanups will be paid by taxpayers. The Toronto police raids a duplex on Woburn Avenue. The tenants producing meth in this property. In 2007, a city by law was passed regarding the cleanup of marihuana grow-op.
This law pointed out that the authorities were given permission to clean up with the expense of the owner who failed to obey, and may collect the costs by adding them to the tax roll. Nevertheless, none of the regulation so far has been established regarding to meth lab cleanup. The production of meth is the main reason for an environmental and structural damage, which requires a massive cleanup.
In the mean time, the Real Estate Board is asking the Ontario government to help inform future owners if certain properties have related histories.
In the meantime, the province has no database that can detect the history of a property or tell us if there was a meth lab or a grow-op.
A quick solution is really needed for this major issue.
P.S. Take Action now to attend the eye-opening seminar and walk away with confidence, knowledge, and specific “action ideas” that can help you achieve your dreams and leave the rat race behind.
We have been training Canadian Real Estate Investors since 1993
Your success is our Passion!