BPAP 51: Credit Repair For Seller Financing with Paul Ritter
Brain Pick a Pro Podcast
English - March 15, 2019 02:11 - 30 minutes - 34.7 MB - ★★★★★ - 5 ratingsInvesting Business Careers realestate realestateinvesting business investing cashflow entrepreneurship finance marketing entrepreneur interview Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode, Larry invited Paul Ritter. With over 25 years of experience in the mortgage and credit enhancement industries, Paul Ritter has developed a software which invokes mortgage-underwriting guidelines that is very useful for anyone looking to buy a home, wants to run “what if” scenarios, and is especially useful for lease option transactions.
He has formerly owned and operated several mortgage companies. He is currently the owner of Credit Investigation Service that specialises in credit enhancement for the real estate industry. He also owns a screening company which provides the front-end piece to evaluate potential tenant/buyers. He is also an expert in building business credit.
Paul is FICO certified, an expert in his field, and a national sought-after speaker.
Topics:
The ultimate lease option strategy
Screening service
Credit repair
Types of seller financing
His services and how they work
How investors can benefit
Debt-income ratio worksheet
On credit repair
On tenant screening
Why lease option is valuable
Script on what to say to a prospective tenant buyer
Quotes:
"My job is to tell you how long is it going to be for them to be mortgage ready and what needs to happen in order for them to go from where they are to where they need to be."
"You don't want to set them up to fail. You want to set them up to succeed."