William Bronchick – Page 4 – William Bronchick

Flipping Faux Pas You Must Avoid

By William Bronchick, ESQ When it comes to making money in the business of flipping houses and other real estate investments you will find all kinds of do’s and don’ts along the way. The truth of the matter is that these are extremely useful whether this is your first house flip or you have been […]

Fliers Sell Houses!

by Attorney William Bronchick A few years ago, I found myself in the unenviable position of having SEVEN vacant rental properties (ouch!). The typical newspaper ads were not pulling enough calls, and many of the callers were Section 8 tenants (barf!). Nauseous at the thought of forking out another $4,500 on vacant properties next month, […]

What Can I Do if a Tenant Abandons My Property?

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 […]

Using a Master Lease Option for Apartment Buildings

by William Bronchick Why buy an apartment building when you can RENT one? If you are buying an apartment building with the intent of improving and flipping it within a few years, the Master Lease Option for Apartment Building Strategy may be the way to go. Instead of going under contract, raising the down payment […]

How to Choose an Area to Flip Properties

by William Bronchick, ESQ. A Fixer & Flip business could very well be your way out of the 9-5 day job. Not only does it hold the possibility of earning more, it also gives you a good opportunity to manage your own time, travel and meet new people. Plus, the extra money doesn’t hurt. Those that […]

10 Awesome Ways to Spruce Up Your Rental or Rehab

by Attorney William Bronchick It’s easy to fix up your properties if you have unlimited cash. However, you need to keep your repairs to a minimum to stay profitable. You also need to keep your properties in good shape to attract tenants or buyers. It also has a lot to do with your knowledge of how […]

Important Basics of the Real Estate Contract

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 […]

Setting Financial Goals in Real Estate Investing

by William Bronchick, ESQ. I want to ask you two questions. One, do you have a Will? And two, do you have written goals for the next one, three, five and ten years? If you answered yes to the first question but no to the second, you are planning more for your death than you […]

All About Legal and Illegal Flipping and Lender Seasoning

By William Bronchick. Esq. There has been a lot of negative press and misinformation lately about double–closings. Several people have been indicted recently under what the press has labeled “Property Flipping Scams.” Misinformed lenders, real estate agent, and title companies will tell you that double–closings are now illegal. In fact, they are nothing of the […]

Foreclosure Basics

by Attorney William Bronchick Foreclosure is the legal process of the mortgage holder taking the collateral for a promissory note in default. The process is slightly different from state to state, but there are basically two types of foreclosure, judicial and non-judicial. In mortgage states, judicial foreclosure is used, whereas, in Deed of Trust states, non-judicial […]

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