We just acquired an existing duplex in Fort Lauderdale and planning on tearing it down and build a new duplex instead.

We acquire land years in advance through our network of real estate agents and wholesalers in the Jacksonville market.

I created an electronic google doc time tracker: Time LogContemporaneous time log of rental real estate activitiesActivity DescriptionTenant recruitmentTenant screeningNegotiating and executing leasesOverseeing repairs and maintenanceCommunications with tenants and vendorsTravel timeResearch for potential rental real estate (pub 925)Acquiring rental real estate (pub 925)Paperwork/bookkeeping/bankingResearch and purchase of materialsRent collectionEvictionOn-site cleaningBill paymentOther:Time SpentDateMM/DD/YYYYSubmit

Raising Capital – Acquiring Assets – Executing EffectivelyWhat I like about raising capital is you have to know about all aspects of the business.

-Zach, those coaches are employees of our investment company and have played a huge role in the 2,000 + units we've been able to acquire.

Question to you then - how and when did you acquire the properties you have now?

All being said, most real estate investors advocate that the earlier you can take action and acquire your first deal, the quicker you'll learn.

If you want to acquire more real estate I suggest more savings or sell the other property with equity. 

What type of properties are you looking to acquire, SF, 2-4 MF, or 5+ MF?

Hey Gene, for your situation, you probably need to get a fix&flip loan to acquire and do the renovation.