All posts by Attorney William Bronchick

Flyers Help to Sell and Rent Houses!

Nauseous at the thought of forking out another $4,500 on vacant properties next month, I decided to pull out an old, but underutilized technique… the paper flier. I made hundreds of fliers on my computer in various colors. I included a map with directions on the flier (thanks to www.mapquest.com). I had them distributed on […]

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Setting Realistic Goals for this Year

So, it’s that time again for setting resolutions and goals for your real estate business.  I usually hear things that are vague, like “I’m going to tear it up this year”, or unrealistic goals like, “I’m going to flip 5 houses a month!”.  So, what is realistic and doable? Set “SMART” Goals. Goals should be, SPECIFIC, […]

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Don’t Get Scammed by a Seller – Do an Inspection!

One question that seems to be commonly asked among those who are interested in real estate investment, particularly in flipping properties, is whether or not a real estate inspection is really necessary. The long and short answer to that question is absolutely and I will do my best to explain exactly why this is so. […]

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Dressing Up Your Home for Sale

If you’re looking to sell quickly, you must have the better-looking home in the bunch.  Your home must have curb appeal to the widest clientele. When that first potential buyer drives up and parks at your curb it won’t take long for them to form an opinion and you’d better hope it’s favorable. Realtors know […]

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How to Hire a Real Estate Attorney

No real estate course or seminar is a substitute for a good attorney. Finding a good real estate attorney may be difficult, since most attorneys are not themselves investors or familiar with creative transactions. Most attorneys will give you just enough advice to keep them from getting sued, but not enough advice to show you […]

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60 Days to Your First Bargain Purchase

Coaching

Finding good real estate deals is an art that takes time to master. Like any business, customers are what drive it. Your primary customer is the seller who is motivated to sell below market value. Finding motivated sellers requires advertising, marketing, salesmanship, and, like any business, keeping your nose to the ground. Nothing happens and […]

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From Contract through Closing – "ATM"

Once you have your property under contract, you can proceed towards closing.  Three things need to happen before you can close. First, the buyer’s lender must produce the funds. Second, your mortgage, or any other lien on the title, needs to be paid off. Third, once the title is clear, you can take the final step […]

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Dealing with Competition in Your Real Estate Business

When you talk about competition and competitors in any business and the real estate business is no different. It can tend to strike fear into the hearts of many investors who are in direct competition with them. The fact is, for most of us, our competition is here to stay, so we need to be […]

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The Importance of Cash Flow in Your Real Estate 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 to have more startup money. Even experienced companies file bankruptcy, not because they don’t have a good business model but because they […]

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Buying a Vacation Home Overseas

With the economy getting into a stronger position many more Americans are considering putting some of their hard-earned cash into buying a vacation home overseas. If you dream of owning a sunny villa in Italy, a cottage in Scotland or maybe a beachside apartment in the Caribbean, here are five essential tips to consider when […]

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