Category Archives for Business Advice
The IRA LLC for Real Estate Investing: Using Checkbook Control
by William Bronchick, Esq. By now I am sure you’ve heard that it is legal, permissible, and profitable to invest in real estate using your self-directed IRA, SEP, or Roth IRA. If you’ve been using this technique, you know the drawbacks – delays in funding, fees from your custodian, potential lawsuits against your IRA. Well, […]
Continue readingA Few Important Lease/Option Tips & Strategies
by Attorney William Bronchick Lease/Options can be fun and profitable, but there are certain pitfalls. The following are some practical, legal and tax tips I have learned from doing many lease/options deals over the years. Protecting Your Option Lease/options are great, except when the seller decides not to live up to his end of the […]
Continue readingDo You Need a License to Wholesale Properties?
by Attorney William Bronchick You buy a property, you wholesale it, you profit. Do you need a license to wholesale properties? In most cases, the answer is “no”. Real estate brokerage is an activity regulated by states on their own terms, thus each state defines which activities require a license. There is a lot of vagueness and […]
Continue reading5 Truths About Buying Fixer Uppers Below Market Value
by William Bronchick & Frank Pulley Buying homes today for investment can be a challenging undertaking. Because of current demand from today’s buyers, a more robust economy and appreciating real estate prices in many areas, it’s easier to sell a property than it was a few years ago- if it’s priced competitively. The challenge now […]
Continue readingAre You a Victim of Procrastination in Your Real Estate Business?
By William Bronchick. Esq. Let’s face it. Even the most ambitious of us sometimes faces the procrastination “demon” from time to time. Call it “Spring Fever”, “Summer Malaise”, The Winter Doldrums” or any other name- it’s all the same. For most of us, it’s a temporary state and sometimes indicates that we need to slow […]
Continue reading