All Forum Posts by: Patrick O'Brien

I really like the Lowes brand Valspar Reserve paint and primer. Covers well with little rework. I've had good luck with Ben Moore paint as well, but find it pricey. 

I have also used Fluidmaster parts to replace the guts of my toilets at my house. This stopped them "running" and saved on water. 

Hi Ross, 

Thanks for your reply. I initially was buying the beach condo for my use, but as it had extremely favorable rental history, we kept it in the rental pool. I wish I had done the research upfront on the LLC's, but didn't have time.

As for the portfolio loan, I fail to see how they could call them due. This is a mortgage contract like any other, but it does not have an on-demand feature. I did review one leader that was offering a favorable rate, but did have an on-demand clause that made me shy away. 

I am a financial analyst for a SaaS company in Boston. 

Howdy! 

I'm Patrick from Hudson, MA. I've always been interested in real estate and got my feet wet 7 years ago 2 weeks after we got married. My wife and skipped taking a honeymoon, and bought our first condo in DC freshly rehabed from a developer. He later told me the building was days after from going into foreclosure (our closing was delayed 3 times due to financing). You will all remember what the market was like back then.... In DC it was still hot, just things were affordable. 

4 years later, we decided it was time to move back north. Growing up in Maine, I longed to be back near the ocean. Having decided to keep our condo for a rental, our budget become very small for a SFR in MA. We found a 3 bedroom, 3.5 bathroom house in Hudson. I wasn't sure of the area or the market, but took a chance. This are has seen some fantastic growth. It has actually priced me out of my own house :)

After having a baby, we really wanted that beach house we were after - que the beach condo. I didn't want a SFR for many reasons but wasn't looking for a condo either. Settled on a top floor, marsh front 2 bedroom 2 bath 1,200 square foot condo for a STEAL. We were able to secure a portfolio loan with a local lender for the property. We passed papers on this property in the hospital 1 day after having our second baby.

Now- This brings us to today. I'm looking for advice on how to hold these properties. I'll make my over to correct area to ask questions on that. This was just a LONG intro. 

tl/dr - 3 deals - 1 portfolio loan - 1 investor loan - 1 traditional financed house and 2 kids in 7 years.