Assuming you hold your current house as a rental and take all the tax advantages, you just need to analyze the options.1.

Thanks BP for your help in analyzing the deal!

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 rehabbingSteps 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

-That gives me something to analyze and see if its worth funding.That's what you want to give an investor.

I like working it backwards sometimes....knowing the end result, process and problems....then figuring out the strategy or analyzing the multiple BS strategies/claims that abound regarding the "easy money" in tax liens.

Look at properties on MLS / Zip Realty, pick a few good candidates, and analyze numbers.

I think I've read almost every page on his website and I've pulled my calculator out and analyzed his numbers.

Just thought I would toss out my top 5 apps that I use on my phone to help with real estate & investing:Real Estate Calculator - Free app that allows you to quickly analyze the ROI & CAP on a deal and you can email your self a spread sheet with all the information.Cam Scanner - Free with ads $4.99 with out.

Hi all,Please help me analyze this deal for a condo.Asking Price: $43,000Offer Price: $40,000Down Payment: $8,000Rent: $900 per monthMonthly payment with mortgage, insurance, HOA

Craig, Here's my Cashflow Analyzer.