save your money... do not borrow at your age until you are fully capable of repaying and you have significant reserves... this is where I see a lot of investors get in trouble.. they don' understand that you need reserves when you own rentals.. the more you own the amount goes down.. but you could go broke quick being undercapitalized to start. 

hello everyone,I've recently made two offers on short sales, (they both happened today)as they looked like good deals when i quickly ran the numbers, so i made offers on both as things are going crazy fast here in vegas and i thought it was best to submit an offer then have the option of turning down the deal if it wasn't a good one.after using the rental calculator one cash flows for 90 and the other for 60. and this is without me allowing for cap x on either, the reason for this is that ones a town home and the other is a condo, both with good hoa's, i did allow 5% for repairs which i think is a lot as the condo has just been totally refurbished and the TH was in good condition and I've allowed 1500 for touch ups, so it'll also be like new after I'm finished. my thinking was that this 5% would cover both repairs and cap x as there shouldn't be much in the way of either. is this a terrible idea for me to allow so little for both.i would be waking in with 25k of equity on the TH and thats without my 20% down payment. and with the condo id be getting around 13k.here are the rental calculator results for both-any help would be greatly appreciated!

They tend to be really pushy and used incorrect comps to make the quick sale. 

-Marcus :)Quick Edit: Real Estate agent will be contacting me in the morning so I would like to be armed with some questions to ask to get a better understanding of the property.

Tell them you will pay them cash for a quick close.

Tell them you will pay them cash for a quick close.

If it is a good deal you can make some quick money.

These are a quick "Thank you," hang up on to the next.BUT!

Tell them you will pay them cash for a quick close.

Hi Bryenne, I work for Huntington Bank in Shelby Twp, and I do a ton of HELOCs for customers that are buying investment properties.