NEW YORK (CNNMoney) — Even in these down times, there’s money to be made buying and flipping houses. One might think this would be a most dangerous game — after all, home prices are down more than a third from their peak in most areas. But plenty of investors are taking the risk in exchange for big profits. In fact, nearly 1 million homes were bought as investment properties in 2010, according to the National Association of Realtors. “It’s absolutely viable,” said Perry Henderson, a real estate agent and investor […]

Based on a report from DailyFinance.com the top ten growth industries for 2011 are: 1. Iron Ore Mining 2. Investment Banking and Securities 3. Multifamily Homebuilding: The report states that after revenue tumbled from $40 billion in 2006 to just $19 Billion in 2010, this industry is projected to finally see growth again in 2011. Rental income will be the key to the industry’s revival as an economic recover is expected to increase demand for properties that have rentable apartments. “The cyclical recovery of the real estate market, including improvements […]

Australia: House prices are likely to plummet in flood-hit Queensland communities, and some will be “unsellable” for more than a decade, a real estate agent says. The news is also bad for tenants, with rents expected to soar in line with the surge in demand from displaced residents needing temporary homes. The Real Estate Institute of Queensland (REIQ) has reviewed the way the property market behaved after the devastating 1974 floods, and the news for home owners after the latest disaster is not great. “In 1974, across all of Brisbane […]