Category Archives for William Bronchick
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 […]
Continue reading10 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 […]
Continue readingSetting 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 […]
Continue readingAll 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 […]
Continue readingForeclosure 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 […]
Continue readingAll About Owner Financing Mechanics
by William Bronchick, Esq. To sell a house quickly, it must be attractive and so should the terms. By fixing your home to present it in the best light and offering flexible terms as well, you have in fact given your buyer an “offer they can’t refuse.” When offering your house for an all-cash purchase […]
Continue readingA Quick Understanding of Loan Terms
by Attorney William Bronchick When considering an investment property loan from an institutional lender, you need to consider many of the variables involved in the loan terms being offered. Interest Rate The cost of borrowing money, i.e., the interest rate, is one of the most important factors. Interest rates affect monthly payments, which in turn […]
Continue readingLease Option vs Contract for Deed
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 readingTime, Money, and Sweat – What Will Rehabbing That House REALLY Cost You?
by Attorney William Bronchick It takes more than home improvement know-how to make the big bucks in rehab properties. In order to be a successful investor, you need to know what needs to be repaired – in addition to knowing how to do it. You also need to know how to work with others. Even […]
Continue readingTips for Buying at the Foreclosure Auction
by Attorney William Bronchick Perhaps the most well-known method of obtaining foreclosure properties is buying them at the auction. The foreclosure auction is a live bidding process, just as you may have imagined. The auction is typically conducted at a public place, such as a courthouse or even at the property itself. In some states, the […]
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