As I was out networking last night a a local event my old mentor who helped me close my first deal asked me "Why would you get in to Credit Repair at this stage of your career?" I just replied that it was a perfect fit for me.
After much thought I realized there was much more to the answer than a perfect fit.
My main problem with being in real estate is once that door hits you on the way out (retirement) you have nothing. Maybe a couple of deals a year from referrals but ultimately nothing. This is also one of the reasons I joined Keller Williams 3 years ago, residual income from profit share, yes it dose really exist but it's tough and a long term project. I did get 8 other Realtors signed up to join KW last year, the returns are slow but it is a long term project.
So after I had sent 3 clients to my contact in credit restoration and then had an opportunity to advertise in the local military newspaper my contact asked "why, instead of giving my clients with less than perfect credit to him that I did not look into becoming an agent with FES (Finacial Education Services) and receive the rewards for doing so?".
To my great surprise there was a portion of residual income in the payment structure. The more I dug into the set up the more I began to realize that this may be a great fit. I work in a busy office with some great agents, I know tons of lenders and all of which could offer potential clients. Don't get me wrong I'm not thinking of jumping from one frying pan to another but to grow another source of income inside my real estate domain did appeal to me.
So that's what I did and in my first month did enough volume to get a promotion to field trainer with very little effort, which puts extra cash in my pocket. I have also started my team with a accountant and a lender being my first sign ups, that goes towards my future residual income. As I mentioned in my last post the enthusiasm from other realtors is fantastic, them knowing that there is a local source that can help their clients with low FICO's get back in the game in 45 to 60 days* (*clients may vary) in invaluable.
I also started trying to get my credit repaired using the FES program, in the next 20 to 30 days I will post the results of my first disputes to all three credit bureaus and the effect the actions have on MY less than perfect credit
If you know anyone that would like to learn more check out the 11 minute video at www.protectionthatpays.com or drop me an email to mikekwcv@gmail.com
Have a great week
Thanks for reading
Mike Watson
Keller Williams Realty
Chula Vista CA 91915
619 779 7279
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