idontknowyet said:
ok heres what i have to start with, sorry i didnt mention this.
We have 3 Shure Mics (+ mic stands) and an Alesis Firewire Mixer (
http://www.musiciansfriend.com/product/Alesis-MultiMix-8-FireWire-8Channel-Analog-Mixer?sku=630151)
definitely computer, my friend has a laptop we're gonna use to do it
so what now?
Ah. That helps a bunch. The ad copy says you can send each input individually, and you have phantom power. Good. In addition to the cheap DAW software mentioned, Kristal is freeware. The Cubase LE that is included apparantly is limited to two tracks at once, which is pretty lame, so skip it.
I would spend the $300 on a couple of Studio Projects B1's (a real Swiss Army Mic, IMO) and a good used kick mic, ATM-25, Audix D6, D-112, B-52, etc. Do some searches here, and figure which one(s) would be a good fit. If you want to break the bank, grab a Sansamp Bass DI, they're great, and it will free up your kick mic if you record the whole band at once.
Get some cables, and a few stands, and you're in good shape. Search "recorderman drums" for a technique to get great drums with three mics. Use it. Use the B1's on guitar cabs, and decide whether the Shures or the B1's win on vocals. Either use the kick mic for bass, or DI, or both. Heck, try the kick mic on guitar cabs and vocals, you have time.
So, record for the money one instrument at a time (you can record bass and drums simultaneously, if you DI the bass), and record scratch tracks or rehearsal recordings with everybody at once.