How Do We Get Your Credit Ready to Buy a Home?, with Paul Ritter

By February 17, 2021Uncategorized

Episode 13:

Episode Topic:

In this episode of Not Just A Transaction, hosts Nick and Zachary speak with special guest and credit repair expert Paul Ritter. Paul discusses how he works with tenant buyers to get credit issues straightened out so that they can qualify for a loan at the end of the lease period, and he explains what huge differences set his services apart from other competitors that aren’t as invested in the success of the buyers.

Glossary of Special Terms Used in this Episode:

  • Debt-to-Income Ratio – The percentage of your monthly pre-tax income that goes toward paying your existing debts and monthly bills.

What you’ll learn about in this episode:

  • How Paul and his team have worked closely with the Pre Property Solutions team for years, and how they specialize in credit repair and helping people get to the finish line
  • How Zachary himself has used Paul’s credit repair services and can attest to how effective they are
  • Why Paul’s credit repair process has been refined and simplified with the intent to take the stress off
  • Why your debt-to-income ratio is the single most important factor in determining if you will be able to get to the finish line
  • How 85% of the people Paul and his team work with successfully buy their home, and how as much as 12% fail to make it to the finish line because they stop following the process
  • Why a higher down payment has a direct effect on how likely you are to get approved for your purchase at the end of the rental period
  • Why working with a credit repair service that is aggressive and that works with the timeframe you have in mind is crucial
  • Why your debt-to-income ratio and the quality of credit are the two primary factors that need to be worked on to get you into a lease-option home

Resources:

Additional Resources:

Paul Ritter’s Bio:

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, which specializes in credit enhancement for the Real Estate Industry. He also owns a screening company, which provides the front-end piece to evaluate potential tenants/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 nationally sought after speaker.

Paul Ritter is a credit repair and lease options specialist. He owns a credit repair company in the Pittsburgh area. He partnered with a tenant screening company www.screenthetenant.com. He is also on the board of local REIA in Monroeville, PA.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, which specializes in credit enhancement for the Real Estate Industry. He also owns a screening company, which provides the front-end piece to evaluate potential tenants/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 nationally sought after speaker.

Paul Ritter is a credit repair and lease options specialist. He owns a credit repair company in the Pittsburgh area. He partnered with a tenant screening company www.screenthetenant.com. He is also on the board of local REIA in Monroeville, PA.

Nick’s Bio:

In 2003, Nick Prefontaine was in a snowboarding accident that left him in a coma for over 3 weeks. The doctors told his parents that he probably wouldn’t walk, talk, or eat on his own again. Less than 3 months later, he was running out of Franciscan Children’s hospital. Now Nick speaks to groups that benefit from his message of overcoming adversity.

Nick grew up in the real estate industry and got started at an early age. Most notably, he was knocking on Pre-Foreclosure doors at 16, doing up to 50 doors a day. This experience helped shape Nick’s real estate career. When someone opens the door you better have something compelling to say.

Now, Nick specializes in working with lease purchase buyers to get them into a home and on the path to home ownership. That includes working with them throughout the entire deal which ends in them being able to get their own loan. Getting buyers to the finish line is something Nick and the entire Pre Property Solutions team take pride in. That is something that separates them from their competition. Regardless of a buyer’s credit situation, he looks at their complete financial picture and comes up with a plan to get them into a home.

Zachary’s Bio:

Zachary is an Amazon Best-Selling Author of The New Rules of Real Estate Investing and revised edition of Real Estate On Your Terms. He has been an authority in real estate for 7 years now and has personally completed hundreds of real estate transactions and has mentored investors to complete thousands of transactions.

At the age of 25, Zachary decided to leave the world of bartending and personally training and jump into the family business. Now he is an equal partner and runs the acquisitions department, focusing on helping sellers accomplish their goal of selling their property.

If Zachary is not working, you will find enjoying the outdoors or spending time with his wife Kayla and two kids Remi and Bellamy. His passion for family and business is what keeps him motivated and excited to take on each day.