real estate Archives - Legalwiz.com

What to Look for When Buying Rental Properties

By Attorney William Bronchick

Be careful when buying rental property. We stayed at a motel for a week one winter when our kitchen was being redone. The bill showed twice what it should have, but since I already paid the correct amount in cash, I thought nothing of it. When we noticed that the lobby and swimming pool were […]

Mitigating Your Risks in Real Estate With Education

By Attorney William Bronchick

Going Full Time in Real Estate Investing

Education has been the key to majority of the successes in any kind of business. It is paramount to a decrease in an endeavor’s risk most especially if it concerns real estate investing. Because investing on properties is somewhat regarded to as a risky undertaking specifically for amateurs and for those who don’t seem to […]

Real Estate Rentals – Selling For More by William Bronchick

By Attorney William Bronchick

Selling real estate rentals isn’t like selling houses. You can paint a house, and get a little more because it looks nice. Rental properties, especially larger ones, are different, because they’re bought by investors, who look at income more than new paint. Raise the income, and you increase value to investors. Time to learn about […]

Using Bird Dogs for Real Estate Investing by William Bronchick

By Attorney William Bronchick

Investment is the number one word for real estate. However, those who play a part in the investment will make a large difference in what is available to you. Whether you are working towards finding real estate property for profit or for your first home, knowing where the resources are and what they do can […]

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

By Attorney William Bronchick

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. […]

Setting Goals in Real Estate Investing

By Attorney William Bronchick

I want to ask you two questions. One, do you have a Will? And two, do you have written goals for the next one, three, five and ten years? If you answered yes to the first question but no to the second, you are planning more for your death than you are while you are […]

Taxes on Subject to Deal

By Attorney William Bronchick

Taxes on subject to dealscan be a bit complicated. For example, you buy a property “subject to” an existing loan. You sell the property on an installment land contract or lease/option. What are the tax ramifications? Part One – Determining Your Basis Your tax basis is basically what you paid for a property. If you have a […]

Real Estate Issues in Divorce

By Attorney William Bronchick

Divorce is more than just an emotional and financial battle. Real estate issues divorce brings up can be quite tricky. The general rule in most states is that property acquired by the couple after they are married is the property of both. In some states, it is called “equitable distribution”, while in other states it […]