All posts by Attorney William Bronchick

Risks and Rewards of Foreclosure Investing

The great thing about real estate is that there are many different ways to invest and make money. As an exit strategy one can wholesale, rehab, buy and hold and more. To acquire properties, an investor can use conventional or private financing, cash, and partnering. An investor can be creative and utilize seller financing, such […]

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Podcast Episode #7: 7 Pitfalls in Wholesaling Houses

the Legalwiz Podcast

Wholesaling of houses is normally pretty straight forward. That being said, it’s always a good idea to be prepared for some potential pitfalls. Hope you enjoy this podcast!

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How Much Cash Should an Investor Keep in Reserve?

As a real estate investor, cash flow is the fuel that drives our businesses. Whatever means you use to purchase properties, it still doesn’t address the number one problem that causes businesses (real estate or other) to go out of business: lack of positive cash flow. Businesses depend on positive cash flow to keep functioning […]

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Contract for Deed

A contract for deed (aka “installment land contract”, “land sale contract”, or “contract”)  is an effective tool for buying real estate with seller financing. A contract for deed is an alternative to traditional mortgage financing. Under a contract for deed, the buyer gets possession of the property and makes installment payments of the purchase price over an […]

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Podcast Episode #15: Introduction to Land Trusts

the Legalwiz Podcast

A great way to “smokescreen” ownership of a property is to use a land trust! Give us a listen…

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Podcast Episode #17: Comps

the Legalwiz Podcast

Unsure about how to calculate a property value? You can ask a realtor or other source, but it really comes down to you! Check out my short podcast!

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Hints for Successfully Buying at the Foreclosure Auction

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 county Sheriff or […]

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7 Crucial Real Estate Contract Clauses

The following is a seven-point checklist for items that should look for when you are buying. Some of these clauses may be found in some form or another in the “standard” real estate contract which is used in your area. 1. “And/or assigns” or “and/or Nominees.” As the buyer, you want to have the right to assign […]

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Finding a Contractor via Referrals

Getting a solid referral is the most obvious and easiest way to find contractors. In your search for a good contractor, start by trying to secure referrals from investors and friends. You want somebody you know and trust who has had a positive experience with a particular contractor. That in itself is worth a lot! […]

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Taking Risks in Your Real Estate Business

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 everyone is willing to take […]

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