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You're a decade late for that particular bogeyman.

Hi Joshua. The positive information about real estate investing I shared above is based on a Move, Inc. survey. There are other recent surveys as well showing similar trends. Take a look at this MSN story:

You're a decade late for that particular bogeyman.

Yes, talk to your accountant regarding sale of primary / secondary residence.

The sale on duplex, you may have to bite, unless you convert it into another secondary residence (after the sale of the house at your former state).

There's great savings potential in planning these sales, talk to your accountant, as there are details here that you may need to know. Can't answer your question with limited detail.

Goodluck,

Las Vegas real estate isn't going to be increasing in value anytime in the next 5-10 years. If you have the cash burning a hole in your pocket and you know that finding good tenants to rent to is going to be easy, and you don't need to see an increase in property values for a long time, then Las Vegas is great.

Real Estate can be a great investment, if you do it right. If you are going to be mortgaged up to your eyeballs without a property manager and don't know how to run the numbers correctly, it can be a complete nightmare.

Too many people forget to add in things like closing costs, mortgage interest, upkeep, utlities, HOA fees, property taxes, etc, and when they see a $10,000 return without counting all that, they get hooked. Then suddenly they don't understand why they aren't making their mortgage payments and dread that next property tax bill.