On original idea of mine was to to build up capital by flipping so that financing would become less of a problem when I look to start buying and holding rental properties.What I’ve done thus far: I’ve identified what I believe is a good farm area in the Milwaukee suburbs, have looked at over a dozen homes, am working with an experienced Realtor for those areas, created several analytical spreadsheets to help me in analyzing potential deals, put in a few offers, and for the most part have my financing in order.

im just starting my own investing business but im really not that good with analyzing deals and im really not so great with numbers in general. i have good leads and good experience with construction i have basic knowledge with investments and i dont feel confident enough to present investment offerings to potential partners/investors. my question is this. who is the right person to be speaking with about doing analysis and reports to present deals to investors?

The amount of work you are wanting to analyze properties being an out of state investor isn't all that unreasonable.

SW florida riverview 3+den / 2 ba, 2300 sf under air w pool and hot tub

Offer 145k cash

ARV 225k

Repairs 35k

Taxes 2600/yr

I think I can get the work done in about 8 weeks with my guys...

Ok so I have been doing a lot of reading on rentals and I know the 50% rule is the standard rule to go by when analyzing these deals.

I just did a post on my BP blog where I used the recent Pinal County Arizona tax lien auction results with my added data of Property Type to show how to analyze your competition for better results.I did it as a blog post since it is too long for the forum.

Before shelling out big bucks to do this analyze what are the market rents?

Also, I am in the process of analyzing the rental prices in the area to see if a rent increase would be possible.

It also made analyzing deals easier because I knew my financing costs ahead of time.As to finding the deal first - I noticed when I went to local REIA groups that there were tons of people pursuing that strategy, while the few people with money got to cherry pick.

He mainly wants to get out from beneath it because he is older and does not want to be a landlord anymore.My question is: How should I go about in analyzing his asking price?