Some people call it speculative investing, but it doesn't take a genius to know that people naturally want to live in places like CA, Phoenix, or Florida. 

There are all sorts of precautions you'll want to educate yourself on before borrowing.A very general good rule of thumb: don't use other peoples' money to try to do something you haven't already done yourself many times before, and don't use other peoples' money on speculative activities.If you're planning to borrow money from a private party, AND also getting financing from a bank (for instance, borrowing money from a family member to pay the downpayment on a new mortgage), you'll need to talk with an experienced mortgage broker about it beforehand--because if you borrow money from a family member, the bank will usually count that debt against your DTI, which affects how much mortgage you can get.Good luck out there!

We (the forum) do not know your vision or goals, thus all answers are speculative and based on Poster's goals.

For all I know, wholesaling is a speculative strategy that adds no value to the sale of property; on the other hand, wholesaling may make the real estate market more efficient.  

Any speculation on growth to the area?

my point was that the realtor can have all sorts of reasons to refuse, we can sit and endlessly speculate what the real reason is.  

You are speculating that mj will be legal in your state and then you are speculating that the land you purchased will be allowed to be used for growing mj. 

I can almost guarantee that you will get very little to no information about these offers because of confidentiality that us agents must follow.The both of these are 100% case by case and indirect and speculative by nature, but keep them in mind while walking properties in addition to everything that you are supposed to be looking for such as potential value add, conditions of units & ages of Capex items in the basement, lease/tenant situations, etc.

@Christopher McConnellThe entire process of foreclosure, adverse possession, tax sale, tax lien sale, tax deed sale, etc. is state specific and very often county specific.Any generalization is going to be incorrect for a large number of cases.If someone wants to begin investing, or speculating in tax liens for instance, they will have to learn the laws governing such for each state they’re interested in, and the rules, regulations and procedures for each county they’re interested in in that particular state (s).

These businesses are started heavily on speculation, not as much profit actually being made as expected in the industry, but lots of investment money has proped it up for last few years.