Most would call this speculation...I call it doing what it takes to get the upside.  

So I sent in my contractor to inspect and see what's going on.When he came back and reported the property was in good shape and total estimated repairs would be under 10k,I wondered what could account for the low list price....and why the property was still on the market after 45 days in a hot market with all these eagle-eyed investors focused on the Jacksonville area...Then I went to look at it myself.Property was right under the I-10W but most of the traffic noise blew right on top of the building and you could hardly hear the traffic.Here was the kicker for me:There was already a long term tenant in place paying $800/mo with no rent increase in the past 5 years....and he didn't want to move.Long story short,I offered 50k,sellers countered at 55k.Deal done last week.I sent a speculative notice to tenant raising rent to $975/mo 2 days ago and received a signed lease back within 24 hours!

Highend areas you need to speculate and buy premium.

Not to speculate too much, but has this neighborhood been gentrifying?

If you're banking on future appreciation that sounds more like speculating than investing.

Mindy Jensen I agree that most of these are only speculations.

No, because I do not speculate with market timing, though some do.

If you want to take speculative risks (and get the potential rewards) you'd better have solid reserves.

I'm one of those crazy west coast speculators living in a market that is way over inflated, so if this happened I guess I should be in big trouble ... then again, it is hard to go broke if you don't owe anybody anything.

Would you call that investing or speculating?