It can be but your question is very broad. Are you thinking of land, constructiion,commercial or residential multifamily or single family urban or rural, primary or second homes etcdistesed loans or foreclosed properties ? Each has different risks require different analysis.
What are your goals ?How much do you have to invest ? What is your risk profile ? What is your time horizon ?Presently real estate is not doing well at all and the prospects for the next few years appear bleak. now is the time for caution and time to do a lot of homework and learn. It will enable you to define specific investment goals. Good Luck
Tony