Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Jerry Padilla

Jerry Padilla has started 261 posts and replied 3301 times.

Post: Looking to start doing lease options in IL, please help!

Jerry Padilla
Posted
  • Lender
  • Rochester, NY
  • Posts 3,451
  • Votes 1,419

@Alisha Scott  Are you looking to offer lease option for your renters? You can get the contract from a real estate attorney. You can advertise it as a lease option the same that you offer it for rent. From what I know and we have tried, most the time the tenants don't end up buying. It would be a good idea to try and set them up with a program to increase their credit score to have them be more likely to purchase your property.

Post: Where to have fund to buy first property

Jerry Padilla
Posted
  • Lender
  • Rochester, NY
  • Posts 3,451
  • Votes 1,419

@Ebrima Drammeh 

 like @Shawn Mcenteer 

 we need more details as to why you were declined to try and assist you.

Post: I just purchased my first REI property in Cincinnati

Jerry Padilla
Posted
  • Lender
  • Rochester, NY
  • Posts 3,451
  • Votes 1,419

Congratulations and welcome to BiggerPockets! Cincinnati is a huge market for investors!

Post: CLEVELAND DEALS DEALS DEALS

Jerry Padilla
Posted
  • Lender
  • Rochester, NY
  • Posts 3,451
  • Votes 1,419

@James Wise how are the property taxes in OH? Do you have a percentage that they typically charge for property taxes based on purchase price? The rehabbed properties look great! Did your property management company rehab them? Thank you.

Post: Buy in cash or payoff and finance?

Jerry Padilla
Posted
  • Lender
  • Rochester, NY
  • Posts 3,451
  • Votes 1,419

@lloyaal thomas  it is possible to get financing for up to ten properties. You will just typically need 6 months reserves for each property. 

Post: Looking For Real Estate Agents To Do Business With.

Jerry Padilla
Posted
  • Lender
  • Rochester, NY
  • Posts 3,451
  • Votes 1,419

I am looking for knowledgeable, full time real estate agents that are serious about assisting investors, with growing their business to network with and as a referral partner. I would prefer agents with pro or plus account. Here are the areas that I am specifically looking for, but would be glad to develop a referral partnership with agents anywhere that we do business, as we are national and located in most states: 

Buffalo NY

Syracuse NY

Memphis 

Chicago

NYC areas. 

Thank you very much! 

Post: Cleveland OH

Jerry Padilla
Posted
  • Lender
  • Rochester, NY
  • Posts 3,451
  • Votes 1,419

@Thomas Watson  @James Wise  is a investor friendly realtor in the area. He also does property management as well. I am sure he may know attorneys as well or be able to lead you in the right direction. He is the real estate agent that I work with in the Cleveland area. 

Post: Cleveland, Ohio

Jerry Padilla
Posted
  • Lender
  • Rochester, NY
  • Posts 3,451
  • Votes 1,419

@Mark Resnick  @James Wise  is a real estate agent in the area. He knows the area well and would be a good person to talk to before you jump in. Good luck with your investing career. I look forward to hearing more about what you decide to do. 

Post: Re Introduction- Rochester Ny

Jerry Padilla
Posted
  • Lender
  • Rochester, NY
  • Posts 3,451
  • Votes 1,419

welcome to the site! Yes, you just have to be careful about what you post that there is no advertising. Other than that this is a great website and resource! 

Post: Breaking into wholesaling

Jerry Padilla
Posted
  • Lender
  • Rochester, NY
  • Posts 3,451
  • Votes 1,419

welcome! Congrats on making the step forward in your investing career.