Latest News and Tips on Real Estate

Do 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 ambiguity in some of the ... Read More »

Taking Risks in Your Real Estate Business


By Frank Pulley, Success Coach Bronchick Consulting Group, LLC It would be a great thing in business if we never had to take risks, but it’s a part of life and a part of business. Businesses can face risks from all sorts of factors including; new and existing competition, market changes, antiquated products and procedures, partners, accidents and more. Not ... Read More »

The Art and Science of Valuating a Property


By William Bronchick To valuate a property, some people look at appraisals, others look at the tax assessor’s value, and others say that a house is worth what someone will pay for it. Further confusing the issue, we can look at the income the property generates or the insurance replacement value. In some cases, the land is worth more than ... Read More »

Estimating Repairs in Real Estate Investing

Man Lifting House

By: William Bronchick ESQ.  Novice investors often delude themselves about the necessary rehab costs estimating repairs when Real Estate Investing. The following story illustrates how investors should approach estimating a rehab project. Legend has it that Tiger Woods was playing golf in a tournament with the late Payne Stewart, another great golfer. They were tied at even par. On one ... Read More »

The Importance of Cash Flow


 By William Bronchick ESQ. Many businesses fail in the first few year mainly due to poor cash flow management. According to a recent survey, the number-one thing small business owners say they wish they’d have done differently was have more start up money. Even experienced companies file bankruptcy, not because they don’t have a good business model but because they ... Read More »