Episode 131: Credit repair and screening tenants-lease options
1000Houses.com Podcast
English - October 05, 2017 11:00 - 41 minutes - 35.8 MB - ★★★★★ - 112 ratingsInvesting Business Careers entrepreneurship business marketing entrepreneur leadership realestate investing money finance interview Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Paul Ritter has over 25 years’ experience in the mortgage and credit enhancement industries. He has developed software, which invokes mortgage-underwriting guidelines. It is very useful for anyone looking to buy a home, wants to run “what if” scenarios and is especially useful for Lease Option transactions. Paul has formerly owned and operated several mortgage companies. He is currently the owner of Credit Investigation Service, dba My Credit Team that specializes 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 an expert in building Business Credit. Paul is well versed in identity theft protection and repairing a credit report after an ID theft incident. He is FICO certified, an expert in his field and a national sought after speaker.
What you’ll learn about in this episode:
How Paul helps to mediate the risk of lease option transactions on both sides
What sets his tenant screening program apart from others
The difference between credit enhancement and credit repair
How Paul works with people to raise their credit score, and how his clients average an 85 point improvement
The advantage of building an active buyer’s list
Information that’s gathered for the tenant screening program
What documents are included in the report
Why penalties of noncompliance are ambiguous and hard to follow
Precautions Paul takes to avoid lawsuits
Advantages of applying to the program online
What protocol to follow if the client doesn’t get the house
Logic behind the bank mentality of “tell us why you don’t need the money and we’ll give you all kinds of money”
How Paul uses his knowledge of credit scores and algorithms to enhance credit scores and make the best of what you have
Typical industry prices and how Paul is able to keep his prices low
Two e-books that Paul is offering for free
An exclusive discount for podcast listeners
The problem with trying to do credit repair on your own
A story about why delegation is important and how it can give you the best chance
Resources:
REInvestorSummit.com/Ritter
REInvestorSummit.com/live
REInvestorSummit.com/capital
REInvestorSummit.com/101