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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Investing with Disqualified Parties in a Self Directed IRA

Your self-directed IRA is a huge tool for creating tax-free or tax-deferred wealth, but it is fraught with technical rules and potentially deadly pitfalls.  One of those pitfalls is doing transactions with parties that are “disqualified”, namely spouses and lineal ascendants and descendants (parents, kids, etc).   Thus, you can’t borrow from your mother’s IRA […]

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Will the Wholesale Process Work in My Real Estate Market?

People are constantly looking for reasons why something won’t work in real estate investing. The good news is: Wholesaling — buying low and selling high — works. Wholesaling will work in our market, your market, and every other market. However, you need to learn your market and adapt the proper techniques in order to be […]

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Staging for Optimal Effect

Recently, “staging” has become a buzzword among Realtors and real estate investors alike. There are many theories on how to most effectively stage a home, and an Internet search will turn up a slew of articles on the subject, each offering their own perspective on the matter. Unfortunately, there are significant differences between staging an owner-occupied home and […]

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Work a FARM Area for Your Investing

Real estate brokers generally have particular neighborhoods in which they work, rather than an entire city. Brokers refer to this as a “farm” area. You’d be wise to adopt a similar approach to your real estate investing business. The goal is to become an expert on one specific farm area, roughly 3,000 to 5,000 homes. […]

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Read Before You Sign!

Too many investors go to closing and sign documents without ever reading them, taking the word of the “professionals” involved in the closing. This is a huge mistake unless that professional is your lawyer, and he or she has read and understood the loan documents. Don’t presume that the lawyer you are paying represents you. […]

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The IRA LLC for Real Estate Investing: Using Checkbook Control

By now I am sure you’ve heard that it is legal, permissible, and profitable to invest in real estate using your self-directed IRA, SEP, or Roth IRA. If you’ve been using this technique, you know the drawbacks – delays in funding, fees from your custodian, potential lawsuits against your IRA.Well, there’s a solution… the IRA […]

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There’s No “Due on Sale Clause” Jail

The “due-on-sale” clause is probably the most talked about, feared and misunderstood topic in real estate. This article will dispel any misunderstandings you may have about the due-on-sale and explain how to take a property subject to an existing mortgage. What is the Due-on-Sale Clause? Before we discuss how to get take a property subject to […]

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Landlording Sucks (and What to do About it!)

While rental houses are a great line of business to get into in order to make consistent cash flow and long-term wealth, there are a few things to consider before jumping into the fray. This is particularly true if you are considering managing them yourself. There are all kinds of reasons that rentals are a […]

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You Have to SELL a House to Get it Sold

Whether the market is slowing and investors are drowning in house payments or it’s a HOT real estate market, you want to sell your property as quickly and for as much money as possible.  But, is there something you can do about it? Certainly dropping the price until you get it sold it one way […]

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