How much is too much when flipping?

[Ryan Blake]

What are the things that you steer clear of when flipping? I know some of the biggest issues can lead to the biggest profits but there are something I just don't feel comfortable with.

- I recently passed on a house that has a methlab in it that had high levels of some hazardous chemicals that seeped down to the studs.

- I have stayed away from homes that have fire damage

Please let me know what issues you see the most profit to be gained from and the ones that you just don't want to handle.

[Will Barnard]

I understand the chemical issues/meth lab scarying you away. As to fire damage, that would not scare me away at all. The thing you must recognize is that major issues like this present opportunities as it scares the beginners and even some pros away. Handling one of these issues the first time is going to be scary but learning that process will enable you to go after or even specialize in certain types of issues like these. 

In the competitive market we find ourselves in, utilizing any advantage you can will prove to be profitable over time.