If you'd like to flip real estate, you might want to look into investing in Uruguay (South America), or another reasonably lawful third world country (Costa Ric

If you'd like to flip real estate, you might want to look into investing in Uruguay (South America), or another reasonably lawful third world country (Costa Rica?) where 100K Euros might get you somewhat far (taxes are the killer here, though). However, building over here is better investment than flipping. You'd need a reliable partner or heavy hands-on overseeing, and I'm not him :P I also agree with other posters that you stick to your strengths, and research VERY carefully. Edit: sailing over here is quite nice :)