Let's face it, as a rent to own investor having a good credit repair company on your team is a must.  The vast majority of tenant-buyers NEED to improve their credit before they can qualify for a mortgage.  Especially in today's mortgage climate.

Another important reality is that we as a rent to own investor cannot leave credit repair up to the rent to own buyer.  If you simply tell them to improve their credit so they can buy at the end of the option period what do you think will happen?  Nothing.  They'll never get around to it.  Mostly, despite their good intentions, it will be because they don't know what to do.

With as many years as I've been doing lease option or rent to own investing deals I still don't know everything there is to know about credit repair.  I hosted a webinar recently with a credit repair specialist and I learned a lot!  One of the reasons I don't know everything is because credit repair changes.  Instead of trying to have to constantly stay on top of all the changes and then coach my rent to own buyers through every step I find it to me much easier, much less time consuming to simply require them to enroll in a credit repair program at the onset of the option period.  If it becomes a requirement you are going to have a much higher success rate.  And they'll thank you for it!  Rent to own buyers will be grateful because you helped them get through the steps they needed to homeownership.

If you want to learn more about credit repair, watch the webinar I was talking about.  Also if you are looking for a reputable, quality credit repair company (because, trust me, not all of them are) - I recommend www.renttoowncreditrepair.com

Tags: credit repair, credit repair needed, Lease Option, Rent-To-Own, rent-to-own investing, rent-to-owns

This entry was posted on Wednesday, July 15th, 2009 at 9:30 am and is filed under Lease Option Training / Rent-to-Own Training for Home Buyers, Lease Option Training / Rent-to-Own Training for Home Sellers, Lease Option Training / Rent-to-Own Training for Investors, Lease options for real estate agents. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.