by Rick Kirschbrown
CreditRepairFoundation


I don't know about where you live, but there is a _ _ _ _ load of
competition in my area. ("boat load" . . . what were you thinking I
meant?) There's a bunch more real estate investors in my market
than there was 2 years ago, 1 year ago, heck even 6 months ago!

I used to be one of the two or three obnoxious We Buy Houses ads in
my local free Pennysaver newspaper (now I can't count them all), and
bandit signs were as rare as honest politicians (now there's a ton of
them . . . bandit signs that is).

And the market is so hot here, that any reasonably priced deals
whether advertised in the newspaper by FSBOs or entered on the MLS by
agents, create an instant bidding war and are literally snapped up
within hours.

Needless to say, we've had to get darned creative to find and get our
disproportionately unfair share of the limited supply of real estate
deals. Besides our superior intelligence and movie star looks, our
real secret weapon has been offering the distressed seller credit
repair or credit restoration services as it is sometimes called.

When talking to homeowners in pre-foreclosures, our sales pitch
(oops . . . sales presentation) goes something like this:

"Mr and Mrs Seller, I understand that you've been going through a
rough time these past months, but once things turn around, of course
you will want to buy another house, get a new car, etc.
Unfortunately, with the mess your credit is in right now that's going
to be pretty tough to do.

However Mr and Mrs Seller, I have a solution that no one else can
offer you. If we do business together, at my expense, I will send
you to a credit restoration service that will repair your credit.
They can repair anyone's credit by deleting negative items from their
credit report, even bankruptcies! I don't know how they do it, but
these guys are good!

By repairing your credit, once again you will be able to get approved
for a mortgage, a car loan, credit cards, qualify for lower interest
rates and save thousands of dollars.

The credit restoration services are worth at least { . . . insert a
dollar value here . . . }, and it's my way of helping you.

Now, I just need your signature on a few real estate documents
here . . . "

Even though your cost for the credit repair services will only be a
few hundred dollars, I would suggest that you state a value of
several thousand dollars . . . and in fact repairing their credit is
worth thousands of dollars to the seller. Just consider how much
money they will save because they qualify for significantly lower
interest rates on loans as well as lower premiums for their car
insurance. (Yes, auto insurance companies do partly compute your
premium based on your credit report!) The sellers should also know
that many employers now check prospective employees credit reports.
(Yes again, getting a job could partially depend on a person's credit
report.)

I can tell you from personal experience that offering to repair the
seller's credit will differentiate you from other real estate
investors in your market.

Offering credit repair will also make it easier for you to find
buyers for your lease-option deals. While you may get some cash up
front and a small monthly cash flow, the big payday for lease options
is typically on the back end. But watch what happens when you offer
credit repair:

Do you think that your pool of prospective buyers might expand?
Could you ask for a larger down payment? Could you add another
$5,000, $10,000 or more to the sales price of the house?

The answers to these questions are self evident.

Well there you have it, you can do more deals in hot markets by
offering credit repair to you sellers and buyers . . . come to think
of it, this tip should make you more money in any market!!

See ya at the bank . . .

Link for real estate investors, mortgage brokers and real estate
agents:
www.CreditRepairFoundation.com/bulk_sales.html

Link for individuals and couples:
www.CreditRepairFoundation.com/learn_more.html