All posts by Attorney William Bronchick

How to Evaluate a Property’s Value in Today’s Market

Figuring out the real value of a property can be difficult.  The comparable sales method is the most commonly used — and still the most accurate one — to determine the value of single-family homes, condominiums and smaller rental buildings (two to four units).   Start by researching information about sold properties on your local government websites for […]

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5 Super Tips to Successfully Wholesale Properties

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 are 5 super practical tips for […]

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A Review of the Carleton Sheets “No Down Payment” Course

“You can buy real estate with no down payment!” You’ve seen the infomercial a hundred times on television over the years. Me too, so I decided to pick up a copy of the Carleton Sheets “No Down Payment” program just to see what my competition offers. Generally, I don’t do reviews of other authors, since it […]

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Equity Sharing Arrangements

If you are low on cash or have cash and are low on time, a partnership or equity–sharing arrangement may be for you. Using partners to finance real estate transaction is the classic form of using “OPM” (other people’s money). Experienced investors are always willing to put up money to be a partner in a […]

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Happy Holidays!!

Here’s to a Merry Christmas & a Happy Holiday Season!!  

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How to Save Up to 90% on Title Insurance

Land Trusts

If you have ever bought or sold real estate, you have probably paid for title insurance. What exactly is title insurance? Why do we need it? How can I save money on title insurance? These are common questions asked by real estate investors, both rehabbers, and landlords. Whenever title passes, the seller usually gives a deed […]

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Landlord Legal Issues

As a landlord, you should be aware of some of the legal issues related to leasing properties. Here are a few of them: LEAD-BASED PAINT DISCLOSURE Federal law requires that the lessor (landlord) of any rental property constructed before 1978 disclose the presence of any lead-based paint or hazards known by the lessor and provide […]

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What Can I Do if a Tenant Abandons My Property?

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 sheriff. You can change the […]

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Master Lease Option for Apartment Building Strategy

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 through syndication, and […]

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“Cutting Your Losses Early…Know When it’s Time to Bail on a Bad Deal”

When your primary plan of action doesn’t work, you need to have a backup strategy. This may involve switching gears from a retail sale to a rental or rent-to-own deal. It may also involve dropping your price, dropping your rent, or, if you are lucky enough to realize your mistake early, walking away from an […]

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