Overwhelmed Newbie: First Major Rehab and Acquiring 3rd Property!

[Jaredith Mize]

Good news first! I have acquired two properties. Both properties are free and clear. Property 1 is rented at $700 per month. I am doing a cash out refi on property one for the funds to rehab property 2. Property 2 is a full gut rehab. The floor joists were broken (2"x8"s on a 16 foot span...). Had those replaced with 2"x12"s and the floors raised. Next phase is some further demo, so we're really just getting started. There's about $28,000 worth of rehab left. 

Also, I have an offer in on a HUD repo. I am hoping to buy it with cash and pull out the equity from property 2, once the rehab is done, to rehab property 3, which will be our primary residence. My issue at this point is just juggling everything on the rehab with a full time + job. Any tips or tools for managing projects with multiple subs and a lot of moving parts? Feeling a little overwhelmed at the moment and don't want to make any major mistakes...

Thanks in advance for the advice!

[Amanda G.]

Hi Jaredith,

I feel you, I have two deals going as well as my full time job and personal commitments. I've started using a paper day planner, which helps me keep a running list of tasks. Checklists will also be your friend.
Other people have scaled to project management software, but I haven't taken that leap. Hope you find what works for you!