All Forum Posts by: Jerry Padilla

Welcome to BiggerPockets!

If you have any questions regarding financing, I would be glad to answer.

Meanwhile here are a few tips:

Here is a Guide to Getting the Most Out of BiggerPockets: (They are also above the forum, but are a great way to get started)

http://www.biggerpockets.com/rei/biggerpockets-com-tutorial/

How to Effectively Use the BiggerPockets Real Estate Social Network: http://www.biggerpockets.com/renewsblog/effectively-using-the-biggerpockets-real-estate-social-network-to-build-your-business/

Here is a great feature to BiggerPockets: Learnging How to Use the keyword alert system:

http://www.biggerpockets.com/renewsblog/2012/12/19/keyword-alert-system/

I look forward to reading your success stories in the future!

Welcome to Bigger Pockets! If you have any questions regarding conventional financing I would be glad to answer. There is so much to learn on this website!

At Cole Taylor Mortgage we are a National Lender that goes above and beyond for our clients and we offer:

A credit tool to assist with improving your (or your clients) credit score to qualify for financing (Free of Charge)

Investor loans - Financing for up to 10 investment properties!
Conventional or Refinance!
Commitments 3-5 days from submission Purchase closings in as little as 30 days
Credit scores down to 600 on FHA/VA/USDA loans - primary residence only
National lender!
Streamline refinance programs for FHA/VA/Conventional - Save money with less documentation
Low rates & Low closing costs
I am available extended hours
Opportunity to increase your business to have more capital available for purchasing and rehabbing
Lender credit available for purchases
No minimum trade-lines....two scores and an automated "YES"

Jerry Padilla
Mortgage Loan Processor/Loan Officer
NMLS #1084877
Cole Taylor Mortgage
a division of Cole Taylor Bank
Equal Housing Lender and Member FDIC
585-348-9626 Office
585-204-6923 Cell
585-348-9676 E-Fax

STATES WE LEND IN:
Alabama,
Arkansas,
Arizona,
California,
Colorado,
Connecticut,
Delaware,
District of Columbia,
Florida,
Georgia,
Hawaii,
Idaho,
Illinois,
Indiana,
Kansas,
Kentucky,
Louisiana,
Maine,
Maryland,
Massachusetts,
Michigan,
Minnesota,
Missouri,
Nebraska,
Nevada,
New Hampshire,
New Jersey,
New Mexico,
New York,
North Carolina,
North Dakota,
Ohio,
Oklahoma,
Oregon,
Pennsylvania,
Rhode Island,
South Dakota,
Tennessee,
Texas,
Utah,
Vermont,
Virginia,
Washington,
Wisconsin

METROPOLITIAN AREAS WE LEND IN, BUT NOT LIMITED TOO:

New York Newark Jersey City, NY NJ PA
Los Angeles Long Beach Anaheim, CA
Riverside San Bernardino Ontario, CA
Chicago Naperville, IL IN WI
Washington Baltimore Arlington, DC MD VA PA
San Jose San Francisco Oakland, CA
Boston Worcester Providence, MA RI NH CT
Philadelphia Reading Camden, PA NJ DE MD
Dallas Fort Worth, TX OK
Miami Fort Lauderdale Port St. Lucie, FL
Houston The Woodlands, TX
Atlanta Athens Clarke County Sandy Springs, GA
Detroit Warren Ann Arbor, MI
Riverside San Bernardino-Ontario, CA
Phoenix Mesa Scottsdale, AZ
Minneapolis St. Paul, MN WI
Cleveland Akron Canton, OH
Seattle Tacoma, WA
Denver Aurora, CO
San Diego Carlsbad, CA
Portland Vancouver Salem, OR WA
Orlando Deltona Daytona Beach, FL
St. Louis St. Charles Farmington, MO IL
Tampa-St. Petersburg-Clearwater, FL
Baltimore Columbia Towson, MD
Pittsburgh-New Castle-Weirton, PA
Sacramento Roseville, CA
Charlotte Concord, NC SC

Kansas City Overland Park Kansas City, MO KS
Columbus Marion Zanesville, OH

Indianapolis Carmel Muncie, IN
Las Vegas Henderson, NV AZ
San Antonio New Braunfels, TX
Cincinnati Wilmington Maysville, OH KY IN
Wisconsin Milwaukee Racine Waukesha, WI
Raleigh Durham Chapel Hill, NC
Nashville Davidson Murfreesboro, TN
Austin Round Rock, TX
Virginia Beach Norfolk, VA NC

Greensboro Winston Salem High Point, NC
Providence Warwick, RI MA
Jacksonville St. Marys Palatka, FL GA
Hartford West Hartford, CT
Louisville Jefferson County Elizabethtown Madison, KY IN
New Orleans Metairie Hammond, LA MS
Muskegon, MI
Greenville Spartanburg Anderson, SC
Memphis Forrest City, TN MS AR
Oklahoma City Shawnee, OK
Birmingham Hoover
Richmond, VA Talladega, AL
Harrisburg York Lebanon, PA
Buffalo Cheektowaga, NY
Rochester Batavia Seneca Falls, NY
Albany Schenectady, NY
Albuquerque Santa Fe Las Vegas, NM
Tulsa Muskogee Bartlesville, OK
Fresno Madera, CA
Knoxville Morristown Sevierville, TN
Dayton Springfield-Sidney, OH
El Paso Las Cruces, TX NM
Tucson Nogales, AZ
Cape Coral Fort Myers Naples, FL
Urban Honolulu, HI
Chattanooga Cleveland Dalton, TN GA AL
Bridgeport Stamford Norwalk, CT
Worcester, MA CT
Omaha, Nebraska

North Port Sarasota, FL
Tulsa Muskogee Bartlesville, OK

Columbia Orangeburg Newberry, SC
Little Rock, Arkansas
McAllen Edinburg, TX
New Haven Milford, CT
Bakersfield, CA
Madison Janesville Beloit, WI
Oxnard Thousand Oaks Ventura, CA
Allentown Bethlehem Easton, PA NJ
Baton Rouge, LA
Modesto Merced, CA
Syracuse Auburn, NY
South Bend Elkhart Mishawaka, IN MI
Boise City Mountain Home Ontario, ID OR
Lexington Fayette Richmond Frankfort, KY
Stockton Lodi, CA
Akron, OH
Charleston North Charleston, SC
Springfield Greenfield Town, MA
Huntsville Decatur Albertville, AL
Spokane Spokane Valley Coeur d'Alene, WA ID
Wichita Arkansas City Winfield, KS
Jackson Vicksburg Brookhaven, MS
Colorado Springs, CO
Youngstown-Warren, OH-PA
Toledo Port Clinton, OH
Winston Salem, NC
Portland Lewiston South Portland, ME
Fort Wayne Huntington Auburn, IN
Lakeland Winter Haven, FL
Ogden Clearfield, UT
Lafayette Opelousas Morgan City, LA

Mobile Daphne Fairhope, AL
Visalia Porterville Hanford, CA
Deltona Daytona Beach Ormond Beach, FL
Reno Carson City Fernley, NV
Augusta Richmond County, GA-SC
Scranton Wilkes Barre Hazleton, PA
Provo Orem, UT
Palm Bay Melbourne Titusville, FL
Fayetteville Lumberton Laurinburg, NC
Lansing East Lansing Owosso, MI
Springfield Branson, MO
Lancaster, PA
Kalamazoo Battle Creek-Portage, MI
Durham Chapel Hill, NC
Savannah Hinesville Statesboro, GA
Corpus Christi Kingsville Alice, TX
Johnson City Kingsport Bristol, TN VA
Columbus Auburn Opelika, GA AL
Santa Rosa, CA
Fayetteville Springdale Rogers, AR-MO
Asheville Brevard, NC
Pensacola Ferry Pass Brent, FL
Myrtle Beach Conway, SC NC
Shreveport Bossier City, LA
Rockford Freeport Rochelle, IL
York Hanover, PA
Brownsville Harlingen Raymondville, TX
Port St. Lucie, FL Metropolitan
Santa Maria-Santa Barbara, CA
Salinas, CA
Vallejo Fairfield, CA
Killeen Temple, TX
Flint, MI
Macon Warner Robins, GA
Peoria Canton, IL
Reading, PA

Run, Run, Run...... I think it is next to impossible to get the trace meth out of the house wherever they were cooking it. I would do research, but from what I know the house will never be safe again as it is now in the walls and ceiling and cracks and crevices. 

welcome Denise I would be glad to answer any questions you may have regarding financing. 

Welcome! Have you thought of starting out purchasing a multi-family residence that you also occupy? 

Yes, I agree Mark. The homes in 14620 and 14607 are not appreciating a ton, but they aren't loosing their value, and 14620 has appreciated quite a bit over the past few years. They are much easier to sell than some of the other areas of the city.  

I live in and am an investor in the Rochester NY market. The houses that are cheaper are that way for a reason. They are in a declining market for the most part. It is also where you can make the most amount of money. It all depends on what you are looking for? Are you looking for appreciation and a home that has a good escape route that you can sell for a reasonable price? or Are you looking to invest the smallest amount of income, with the highest return on your investment - but the escape route of cashing out isn't the best and you may loose money?

We have looked into investments all over Rochester NY. I am a loan officer for Cole Taylor Mortgage. I am not a realtor. This opinion is my personal opinion and just what I see from working with clients in the area and my own research and experience. I am sure that I forgot some but here are a few examples:

The zip codes that are appreciating are 14607, 14620, 14612,

The zip codes that are somewhat stable and are somewhat difficult to sell are 14613, and 14619

The zip codes that are difficult to sell and decreasing in value are the 14621 and others with very cheap prices.

The issue with city homes is the repairs can be costly, especially with large units, that you could very easily loose money fixing them up. Many of the very cheap homes are not well maintained and need work. Again, this is my personal opinion from homes that I have seen. I think these were all the zip codes that I have seen mentioned and prices vary greatly from street to street in some of these zip codes also. I am just generally speaking.

I am an investor along with being a loan officer. I am compassionate about both of these. I work for Cole Taylor Mortgage, and here are some of the benefits that we offer for investors: 

At Cole Taylor Mortgage we are a National Lender that goes above and beyond for our clients and we offer:

A credit tool to assist with improving your (or your clients) credit score to qualify for financing (Free of Charge)

Investor loans - Financing for up to 10 investment properties!
Conventional or Refinance!
Commitments 3-5 days from submission Purchase closings in as little as 30 days
Credit scores down to 600 on FHA/VA/USDA loans - primary residence only
National lender!
Streamline refinance programs for FHA/VA/Conventional - Save money with less documentation
Low rates & Low closing costs
I am available extended hours
Opportunity to increase your business to have more capital available for purchasing and rehabbing
Lender credit available for purchases
No minimum trade-lines....two scores and an automated "YES"

Thank You so much for the consideration. I appreciate you taking the time to read through this brief summary. I look forward to doing business with you! I assure I can do more for you than many local lenders. I look forward to earning your business!





Jerry Padilla
Mortgage Loan Processor/Loan Officer
NMLS #1084877
Cole Taylor Mortgage
a division of Cole Taylor Bank
Equal Housing Lender and Member FDIC
585-348-9626 Office
585-204-6923 Cell
585-348-9676 E-Fax 

Welcome to bigger pockets! I am also an investor in Rochester NY. I would be glad to assist you with any questions you have. We have a property in East Irondequoit, the 19th ward and Charlotte.