All posts by Attorney William Bronchick

How to Evaluate a Wholesale Deal

So, you are new to real estate and have attended a few seminars. You have even done some networking through some local REIAs (Real Estate Investors Associations). You have started building your team and have some real estate agents, hard money lenders, contractors and more at your disposal.  You even have some of your own […]

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Considering a Partner in Business? Here are a Few Tips…

There are many advantages to partnerships. Smart use of a partnership may allow you to do more deals from a financial and time standpoint. It also spreads out risk and liability. Its part of the “Two heads are better than one” or ‘There is safety in numbers” theories. However, approach a partnership with caution and […]

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The Importance of Cash Flow in Business

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 […]

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Do You Need a License to Wholesale Properties?

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 […]

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Correcting Common Title Problems

When searching title, many issues may arise, most of which are usually correctable. DEATH OF AN OWNER It is common to discover along the chain of title a gap due to the death of an owner. For example, suppose a deed was granted to Bob and Mary Smith, then the title went from Mary Smith only to […]

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What Does Median Price Mean?

Many people are confused between average and median price.  Here’s an example to help you understand the difference. Let’s say you had seven properties in a neighborhood and they sold for the following amounts: • $87,000 • $110,000 • $112,000 • $115,000 • $118, 000 • $120,000 • $122,000 The median price of these properties […]

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Remember

Just wanted to remind everyone to please take a moment to stop and reflect on those that died and the emergency folks that have given their lives in this horrible incident!

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7 Tips for Using Marketing Lists

As a real estate investor, there are many, many ways with which to market. For newer investors who at first depend pretty much on 100% on their marketing efforts in order to procure leads, it can be a bit confusing and intimidating, to say the least. There is a multitude of ways one can market: Internet, […]

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Using the B+ Principle to Achieve Business Success

B+ Principle

There are valid times in life when a situation may call for striving for and attaining perfection. A good example of “good” perfectionism might be if you are competing in a pistol shooting contest. The shooter that gets the most shots into the “perfect” area of the bull’s eye wins. However, business and life in […]

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Finishing Basements

While finished basements can add value, the amount of value is less than it is for above-ground living areas. In addition, this greatly varies depending on different regions of the country. In humid areas, below-ground living space isn’t as valuable to homeowners as in dryer areas of the country. Thus, the American National Standards Institute […]

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