It definitely is something that we're seriously considering though. I would need to see some data on the VBRO results first. There a lot of people who invested in condos on or near the strip who aren't getting the returns they were promised. Is it a good investment would depend on location for resale and how much you intend to use the place. Real Estate laws can be a whole lot different than where you come from so always hire an attorney and ask many questions. As far as Lake Las Vegas , while it is a beautiful area the place is in trouble financially, its not a place I would invest any money in at the moment until one knows the outcome of the development.

I just looked at some very reasonable listings in Lake Las Vegas and I think I might check them out while I'm in town next month. I never looked into it since I figured it would be mid-six figures for a studio on the strip and because I like staying at, researching, and experiencing new strip hotels in general. And yea, property non-flip that you plan to hold onto for at least 5 years is a far better investment than most other luxuries. If you can lease it to friends, family, or the public for short stays, it may make you money in the long run, but be sure to check out the HOA fees.

Sometimes those can be several hundred dollars per month. If they're still building condos that may drop further.

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But it seems as if a lot of the building in LV has ground to a halt with lots of things half-finished. Even during the peak boom years LV was always considered one of the riskiest markets with a bubble the most likely to burst. Having owned property in several different vacation areas it's a mixed blessing indeed. We've been divesting ourselves for some time and now only own one weekend house within driving distance of where we live.

Given the uncerainty of the market and the economy it's a very risky investment and we've found that it's often more trouble than it's worth. If it's a place I'm only going to visit a few times a year, give me a nice hotel any day! On the other hand, if you're going every weekend then it may be worth it to buy. My husband expressed interest in looking at condos while we were in LV but came to his senses thankfully. Even with the high association fees you will make out. It takes a lot of work but if you have the time there are steals out there now.

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Thanks for replies. If we didn't have kids in college, it'd be even more tempting. If nothing else, an inexpensive place to live when we retire!

I would hate to have one place to kind of have to go to when visiting Vegas , though. Love trying new places!

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