Like many of us early in our investing career, we find a situation and want to work it in ever-tighter circles long before we have established what the opportunity is, and in fact, IF there's an opportunity.So, I think job # one is to determine what makes a deal for you, or someone else, if you intend to refer, assign or speculate (flip) a deal.

Knowledge is power, speculation is gambling!!

I think that nationwide, there isn't going to be any run-up any time soon (5-10 years), so any sort of "speculative" play doesn't appeal to me.

The exception to this license states "Owners doing work on their own property (unless they are building or improving properties they own for purposes of resale or speculation)".

They might be speculating on where the market is headed, but I believe they have their own exit strategy.

WIth the speculation of the market going up in the next 24 months from Bruce Norris' seminar that I went to, I would think her best bet is to refi to a fixed mortgage, and ride it out, sell the property if she doesn't want to keep it at the peak of the market.

Someone in his family previously owned the property since the 70's, so it is highly doubtful he is real cash hungry although you can never be certain obviously.He is paying quite a bit in property taxes on the land each year (over 2% on $200K assessed value).I guess we can speculate all day, I just started looking into this and had no idea if there was a general common denominator I could expect, or if someone had some creative ideas.

If not your buyers broker will need to find off market sellers before the competition finds out.Cali is mainly appreciation so everyone is jumping on the speculation bandwagon again. 2 main drivers move the human spirit 1.

There are so many different ways to invest, speculate, etc in real estate that you can't just lump it all together!

When speculating on long-term passive property investments, one should consider taking into account the “1% rule”.