Offer in Triplex SLC, UT: Meth Test results positive.

[Robert Belz]

Good morning BP Community! 

My wife and I live in the Salt Lake City area and recently had an offer accepted on a Triplex.  We are excited about this property because of its awesome location and potential to be fixed up as a great place for people to live.  Our current strategy has been to find properties that require some fixing, rehab the place in a way that allows us to increase rent, and begin leasing! 

My question for the forums today is:

During our home inspection the property tested 'positive' for meth use.  Utah law dictates anything >1.0 is unsafe. Our test came back at 1.2.  For obvious reasons we are hesitant to move forward with the deal, but wanted to ask the great minds on this incredible resource:  What are your thoughts? Back out of the deal? / Ask the seller to reduce the asking price? / Have the seller fix the meth issue?

We have dealt with flooding and mold in the past, and have found those relatively straightforward to remedy. However, illegal drug use is something different.  Any help/advice is really appreciated.  Thanks!

-Robert

[Curtis Fergus]

Treat it like you have in the past with flooding and mold, get quotes to have remediation and ask seller to reduce asking accordingly. :)