It is just out of curiosity and pure speculation.

Getting financing on owned property is different then a speculative investment purchase.

On the other hand, an individual who merely holds real estate for investment or speculation and receives rental income is not considered a real estate dealer.

I would be reducing my income hundreds of dollars per hour.Just like an investor wants the best deal to purchase the broker/agent should be trying to build the best business possible for themselves.I totally understand what you are doing and wish you the best success.I get contacted sometimes for people wanting to buy little houses in Atlanta.I am upfront and tell them that is not what I do and I can't help them with that.800 in rent for about a 50k to 60k house is what investors are looking for in the outlining counties here as well.They are out there but they go quick.I am starting to see new home builders put up new homes and see advertisements which I haven't seen in about 3 to 4 years.California is a speculative state based more on betting for appreciation so you can't look at that market in many areas from a cash flow perspective.Investors will just over bid you there for the appreciation play only.If it breaks even or loses 100 a month they are fine with that.I get contacted with investors from New York,California etc. where they do not like the CAPS there or what their money can buy for investing versus other states.Getting you license might be a good idea if you want to just buy property.You have a bigger payoff in your price range than another agent would searching for you.If you land a deal that eventually nets you 50k in equity than it was worth the search as a buyer.If you are an agent getting 600 bucks for that time not so much.You would have to string 10 sales together to be at 6,000.You would have to do over 8 closings a month just to make 100k a year.I just don't see that as a sustainable business model for a broker/agent without burning out.

It's hard to say.At a 3.5% cap that is very low and a lot of cap rate compression in an overheated market.An appraisal that is not for loan purposes tends to be more off in value as the appraiser is not tied to really strict lending requirements and rules.While rents might go up in 2 to 3 years that cap rate is likely to go up from where the speculation buys are happening now.Interest rates for loans will be higher putting pressure on sales prices.If you can get a crazy price now in a very heated market and sell and get an even larger property with more upside it might be a good move.

<---At home speculating.....send me a PM.

However, that's speculation.

I have a copy of the contract the speculator signed with the seller to buy sub 2.

Sean buying on future appreciation is speculation and a good way to burned in real estate.

What we're talking about is the rental business.Buying something and hoping for appreciation or buying something and hoping that a major retailer will buy it at a later date is speculation.