This 800,000-person metro area has been adding population because the U.S. military's 2005 Base Realignment and Closure initiative called for expanding operations at nearby Fort Bliss. Analysts estimate the expansion will eventually bring 65,000 additional troops, spouses and children to the area -- making it ripe for home flips. "Military realignment has boosted the city's population, and one thing military personnel usually want is a nice place to call home since they move so often -- usually every two years," Colpitts says. "You can cash in for a nice profit picking out the right home to flip." El Paso's location along the U.S./Mexican border also means the U.S. government's Drug Enforcement Administration, Immigration and Customs Enforcement agency and Customs and Border Protection department all have major operations in the area.The city is also home to the 22,000-student University of Texas/El Paso.
After soaring during the housing boom and collapsing in the subsequent housing bust, Miami Beach's real estate market appears to have finally begun a rebound. Colpitts says bargain hunters from around the world have swooped in to the 2.4 million population metro area, making profitable home flips possible "
Colpitts says Facebook's scheduled May initial public offering will make hundreds of the company's employees rich. "Facebook is making more than 1,000 employees millionaires once the company goes public, and there are plenty of those workers looking for new or fancy big homes in the area." He says that makes upscale Palo Alto and Hillsborough on the San Francisco Peninsula "the best place in the United States where you might find a flip these days --