All Forum Posts by: James Cannon

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Hey BiggerPockets expert, I recently purchased a duplex in St. Paul, MN and I'm renting it out to some college kids. I used the services of Renters Warehouse to find tenants and now they are telling me I need to conduct a Move in inspection. My question is, what does a "Move in Inspection entail" How do I do one, and what things should I looks out for. Please chime in, any help is much appreciated. Thanks!

Hi everyone, I recently purchased my first duplex, a 6 bedroom 3 bath home in an economically and ethnically diverse part of St. Paul, MN. Since I will be moving out of the duplex, renting it out, and moving in to an apartment outside of the city I'd like to collect rent payments using some sort of online system (preferably one with an app.) where I can collect rent payments. I knew I had to come to the experts at BiggerPockets with this question! What our some online rent collection websites that you all have used that you'd recommend!? Please chime in. Let me know. Have a great night!

Cool, thanks @Jay Hinrichs

Thanks for weighing in @Jay Hinrichs! Are you still in HML? Do the rates vary by state at all?... @Jason Hirko is in California and I'm in Minnesota, is it possible rates could be different from city to city?

Thanks for your perspective @Jason Hirko! 

@Account Closed, Ill check it out. Thanks!

@Steve Babiak, so no HML will do owner occupied properties or more than 5 units??

Wow, tons of great advice and insight. Thank you all so much! 

Hello everyone, I'm new to real estate investing and have one duplex I own in St. Paul, MN. I'd like to expand and purchase more property. My focus is set on purchasing an apartment complex that has a minumun of five units and to live in one of the units. I've been advised that finding good Hard Money lenders is a smart route to go because my ability to pay 20% on a conventional loan is limited, at this time. My question is, what are hard money lenders looking for? Good Credit, guaranteed money back, skin in the game (money down)???? I'm not a multi-millionaire (yet) but I'd like to know what they look for in a good deal and in a good borrower.