Not sure if this belongs in this forum, but it is about making money I have received some tips about very cheap US real estate. People are willing to sell their homes for a very low price because of the bad economy and odd mortgages some people signed years ago. I was hoping there are a few people here who know a little more than me, obviously nobody can tell what the future will bring us, but is now the right time to invest in some real estate? Im talking small personal scale by the way. I would buy a house that needs a bit of fixing (this adds value) then rent it out or live in it myself and in a couple years resell it for a higher price. It's a really simple idea that works almost anywhere. If you are a bit handy, you can make $100k - $200k a year fixing up houses in southern Europe and selling them as vacation homes.