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All Forum Posts by: Joe Canavan

Joe Canavan has started 1 posts and replied 3 times.

@David Lee Hall, III

@Michael Plaks

@Ashish Acharya

Thank you - very helpful!

Post: Can I do better than this mortgage rate?

Joe CanavanPosted
  • Boston, MA
  • Posts 3
  • Votes 0

@Josephine Wilson

I think what Layne said makes sense - scout out some local banks and see what they can offer. Smaller banks tend to have fewer clients so may be willing to offer more competitive rates/%down requirements to gain your business.

Worked for me on a multi where I was able to get both a lower rate and just 20% down for a non-primary investment property.

Good luck!

Hey everyone. Fairly new to the world of real estate investing (primary and one multi) with the goal of building a portfolio with several+ properties in the coming years. Would love to learn from you all about how you’ve structured your investments (trusts, LLCs, keep in name) and implications for each method. Additionally, how does it influence tax reporting, and does having properties in different states impact?

Look forward to learning - thanks for any and all thoughts/insights!