by Attorney William Bronchick Too many investors go to closing and sign documents without ever reading them, taking the word of the “professionals” involved in the closing. This is a huge mistake unless that professional is your lawyer, and he or she has read and understood the loan documents. Don’t presume that the lawyer you … Continue reading Read Before You Sign!
by Attorney William Bronchick The real estate contract is the most often used, yet little-understood tool in the real estate business. Whether you are a rank beginner or seasoned expert, there is no excuse for not knowing and understanding the real estate contract. Real estate contracts are based on common law contract principles, so it … Continue reading Basics of the Real Estate Contract
by Attorney William Bronchick Real estate agents have a valuable source of potential deals for the real estate investor – the Multiple Listing Service. Unfortunately, real estate agents have a monopoly on this information in many parts of the country, so they may be a necessary part of an investor’s game plan. Dealing with … Continue reading Dealing with Real Estate Agents
by Attorney William Bronchick Have you ever had a tenant leave in the middle of the night or the middle of an eviction? Did you ever wonder what to do when the tenant abandons the property? Basically, when a tenant abandons the property, you do not need to file an eviction or wait for the … Continue reading What Can I Do if a Tenant Abandons My Property?
by Attorney William Bronchick Real estate brokers generally have particular neighborhoods in which they work, rather than an entire city. Brokers refer to this as a “farm” area. You’d be wise to adopt a similar approach to your real estate investing business. The goal is to become an expert on one specific farm area, roughly … Continue reading Work a FARM Area for Your Investing
by William Bronchick, ESQ. Wholesaling is a simple concept, but most investors don't succeed because they fail to educate themselves enough to pull one off. Wholesaling is simply tying up a deal, then reselling it to another investor for a fee or profit. But, as they say, "The devil is in the details". Here … Continue reading 5 Wholesaling Quick Tips
By William Bronchick, Esq. So, you hate your boss and you’re thinking of going full time in real estate investing? After a few deals, you may be tempted to do so, but here are some important considerations you need to review before making the jump: Cash Reserves Although Real Estate transactions can be done successfully … Continue reading Real estate investing full time
By William Bronchick, Esq. Do you own real estate in your own name or an LLC? If so, you are a sitting duck for tenant lawsuits, the IRS and code enforcement. Whether you own in your own name or an LLC, the information is public about who’s behind the ownership of your properties, and that … Continue reading 5 Compelling Reasons to Use Land Trusts
by Attorney William Bronchick Many investors are generally familiar with the concepts lease option and contract for deed (aka “installment land contract”). Many investors confuse the two, and this article will help you understand the tax, legal, and practical issues between a lease option vs contract for deed. Lease Options First, let’s start with the … Continue reading Lease Option vs Contract for Deed
By William Bronchick, Esq. and Frank Pulley Bronchick Consulting Group Coach There are literally dozens of ways to purchase a property with little or no money down. These tend to work well with real estate investors that are just starting out or the experienced investor that is reaching the limits of their available cash … Continue reading 10 Reasons Why Lease Options Make Sense in Real Estate Investing Part 2