Real Estate Investing, Las Vegas Vs Phoenix!!Hi, i am a real estate investor who already has a SFR in las vegas that i bought last year and it is rented out. I was going to buy a few more properties but i am thinking of investing in Phoenix now. My vegas house is cash flow positive but has lost about 5% of its value in the last year. How is the Phoenix real estate market? Better than Vegas, worse than Vegas, same as Vegas??? Or is it wise just not to invest for another 2-3 years in either of the cities when probably the market would be close to bottom. I live In los Angeles and would be an absantee landlord.Thank you. SidFebruary 23 2012 - Las Vegas00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.