What should make me walk away from a property?

What should make me walk away from a property?

Tina Jesson (Property Developer / Marketer) gives expert video advice on: Should I invest in one big project or lots of smaller properties?; How important is the property's location?; What should I avoid in a local area? and more...

Properties that you should walk away from, that you're not going to want to touch with a barge pole, are the properties that are beyond your own capability, and what you are actually looking for, for the investment. As a developer you will already have identified how much work you're prepared to do, and you really need to sit down and think: if it needs underpinning, for example, you would walk away from that. Or is it actually going to be worth the investment? Whether you walk away all comes back down to the idea of the ceiling value you can get on the property. Some people want to do more work than others, but don't overstretch yourself just because you think it's a good buy, and the potential's there, if you don't have the skills to be able to do it, you should walk away.