All posts by Attorney William Bronchick

Lease/Options & the Equitable Interest

I get a lot of emails and calls from people concerned about selling a property by lease with option because of the fear of the “equitable interest”. What does this mean and how big of a danger is it? Before we discuss the equitable interest, we need to discuss the basic owner–financed sale. When you sell […]

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Lease/Option vs Contract for Deed

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 lease option, which is really two […]

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10 Tips on Decision Making in Your Real Estate Business

In the real estate investor’s world, and especially in the tight real estate markets that many of us are currently experiencing, it’s critical to be able to make quick, yet solid decisions. Some seem to have this gift and some don’t. If you don’t have this ability, unfortunately you may tend to lose out on deals as others […]

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9 Mistakes New Real Estate Investors Make

01. Not Knowing the Market Numbers Knowing your market is as important as any other factor in real estate investing.  This means having a neighborhood by neighborhood analysis of the supply curve and average days on market.  Both of these data formulas can be found through the assitance of a real estate broker using the MLS. 02. […]

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Dealing with Real Estate Agents as an Investor

The real estate agents have a valuable source of potential deals for the real estate investor – the Multiple Listing Service. Unfortunately, real estate agents have a monopoly on this information, so they may be a necessary part of an investor’s game plan. Dealing with real estate agents can be difficult as an investor. Agents […]

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The Basics of “Short-Sales”

You will likely come across dozens of properties in foreclosure with little or no equity, that is, the seller owes at close to or more than the property is worth. In these situations, lenders are sometimes willing to accept less than the full amount due, commonly referred to a “short pay” or “short sale.” Negotiating […]

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Apartment Investing

Why NOW is the Time to Get into Apartment Investing If you’ve been buying and flipping or renting single family homes, you may want to look into apartment investing.  Yes, I know, you think you need gobs of cash to buy apartments, when the fact is you can buy apartments with little or no cash out […]

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Real Estate Dealer Tax

Many people buy and flip properties in their own name, particularly when getting started.  The danger here is that the income earned from these activities could be subject to unwanted taxes, particular the real estate dealer tax. Capital gains, exchange rules and installment sales rules apply for properties held for “productive use.” I.R.C. §1234. If you […]

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7 Reasons to Use Land Trusts

Trusts

You wouldn’t walk around with a financial statement taped to your back, would you?  Then why are you holding title to your real estate in your own name?  Whether it’s your personal residence or your rental properties, you are a “sitting duck” for disgruntled tenants, ex-employees, ex-spouses, the IRS and their attorneys.  Real estate is […]

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Joining a Real Estate Investor Association

Of recently, real estate investing has again become one of the most popular trends in making money. This is a fact. Some of the richest persons in the world who proudly maintained a real estate investing status have acquired more and is still growing. Give it a moment. If you think that real estate investing […]

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