Lake Tahoe for Investing?

[Gary F.]

I've been talking with a couple of RE agents about possibly purchasing in South Lake Tahoe. The prices are around $350 for a 3-4 bed/2baths SFR. These homes are within 4 miles of the main strip and casinos. There's also Heavenly Ski resort. Rents are about $2k

I can go either with vacation rentals or long-term tenants.  Being more of a resort community, there's really no bad areas to purchase, value being based more on distance from ski lifts and shopping. Rents of course are higher closer to those areas for convenience and the work force. 

Anyone with experience in Tahoe?

[Joe Bertolino]

Wait for the next crash as people tend to unload their vacation homes first. My mom bought a 2400 sq foot cabin in Tahoe Donner that has basically doubled in 4 years. The market up there is pretty strong right now, be patient.