Newbie needing mentoring and advise

[Siddharth Shastri]

Hello Everyone,

This is my first post at Bigger Pockets and I'm glad to finally be on the bandwagon!!

I've been following BP through the forums and podcasts over the past few months and have gained volumes of useful information. I'm at a stage where I could gain considerably by interacting with BP members who are actively investing in RE and can guide me through the steps in investing in RE. Eg:

• Effective ways to look for properties (MLS, Realtor.com, Redfin etc.)
• How to analyze an investment home (2% rule, 50% rule etc.)
• Steps in engaging with a hard money lender (paperwork required to be signed on, usual values for points and duration of loans etc)
• Steps involved in rehabbing
• Steps involved in putting a tenant on the rehabbed property etc.

My idea is to make a kind of flowchart that I can use as a guide through the different steps in evaluating the property to the final stages of putting a tenant in the property.

I'm located in Farmington, MI and would even be glad to discuss this over lunch or dinner if there are any members that would want to meet and help fill in the gaps.

Best,

Sid