Paul Ritter is an entrepreneur in the truest sense of the word. He is a pioneer in the credit repair industry and entered the world of internet transactions before there was ever a guide or a rulebook. Paul provides real estate investors with the tools they need to excel in their careers, and credit screening is just one of them. Paul helps match investors with ideal tenant-buyers by verifying income and producing an affordability report, credit report, credit analysis, criminal background check, and a Megan’s law report. If it turns out the applicant needs credit repair, Paul’s credit enhancement company can provide that service as well, but all of the costs are at the expense of the tenant-buyer.

Full-Spectrum Reporting

Having tenant-buyers pay for the application and submit to a broad report eliminates many of the tire kickers upfront and brings us closer to finding the right fit for our property. Paul helps investors essentially outsource their buying process to a company that is industry-specific. This is extremely important because quality tenant-buyers are the result of a quality application process. There is a lot of value in having a third party like Paul vouch for you and bolster your credibility. When a credit report company does this, it has an even greater impact on the seller’s credibility. As investors, we don’t have a ton of free time to explain the fine print to tenant-buyers, but credit professionals like Paul live in this space, so use it to your advantage.

Debt-Income Analysis

The debt-income analysis is another form in Paul’s toolbox that is extremely valuable to real estate investors. It enables Paul to play the ‘what-if?’ game to see what programs open up for potential tenant-buyers if their credit score were to increase. Having a foolproof application process like this is key to executing a smooth transaction. So, to learn more about Paul Ritter’s application process, listen to the latest episode of Real Estate Investing for Professional Men and Women. Make sure to check out the YouTube video so you can follow along with Paul’s slides.