But for me, I think it's being too speculative.

A bunch of speculation since his people aren't saying much.

hi allI would say its not having enough equity but you have to have enough capacity to cover the loans you take.no money down is not a problem as long as you havea planan exit strategycoverage of the loan.and a time frame of the investment. what is a problem is when people buy with non of the above.some people buy just because the can or think its a good deal.but for me thats not investing thats speculating and any speculation has its risks and thats what we see in any market

If you have money to burn go ahead and buy on speculation.

The part I mentioned was illegal would be if the agent was misrepresenting one side in order to get the deal done (somewhat speculative unless they do something obvious). 

Purchase price: $420,000 Cash invested: $620,000 Sale price: $1,300,000 Single Family Speculative Development - provided 15% ROI to investors What made you interested in investing in this type of deal?

This will bring the housing sector lower and more and more people who were working on more speculative deals will feel the pain.

If you want to make a sound investment and not a speculation, gear your search further West. 

I think it's more speculative than Indy right now and some of the legislative things (like mandatory city inspections) going on in Detroit concern me, but overall, I think it's worth considering as long as the local government doesn't make a big burden out of it.

So, really any move based on income taxes would be speculative when a state's government isn't fully funded.