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William Bronchick - 5 Great Reasons to Use Land Trusts

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Do you own real estate in your own name or an LLC?  If so, you are a sitting duck for tenant lawsuits, the I RS and code enforcement .  Whether you own in your own name or an LLC, the information is public about who’s behind the ownership of your properties, and that makes it difficult to keep anonymity from your tenants and code enforcement officers.   Your properties are subject to inquiries, lawsuits, and asset searches .  In short, you are naked in a world of information – unless you use a little-known device… “land trusts”. William Bronchick - Land Trusts Lawsuits are an everyday threat to your financial well–being . Imagine a thug sticking a .357 magnum up to your throat and demanding you turn over your wallet, credit cards, jewelry, and keys to your luxury car. How do you feel? Scared out of your mind? Vulnerable? Violated? You will feel exactly the same way (and maybe worse) when you are hit by a lawsuit and you know you haven’t done anything wrong! I will teach y
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William Bronchick | Creative Real Estate Marketing Ideas in 2018

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The estate market continues to grow in 2018. Hence, agents should think about the ways to improve their estate corporate marketing methods this year. This is crucial to have tactics that will help individuals maximize visibility and stay apart from the competition, says William Bronchick . There is a huge competition in estate industry these days, hence individuals needs online and offline marketing strategies. If you are looking for some marketing ideas then you are at right place. In this article, we have compiled a list of estate marketing ideas to help agents stand out in the digital age. Following are some creative Real Estate marketing ideas that you should follow in 2018: Create a Responsive Website More than 30% of visits are from smartphones. Hence, you should make sure that your website is optimized for all platforms (Android, iOS etc.) as well as devices ( smartphone, desktop etc.) . Upgrade the Quality of Photos Actually, inexpert eyes
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Free Consultations with Lawyers – You Get What You Pay For

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William Bronchick : When people are facing a legal issue, they are often attracted by free consultations offered by some lawyers. Getting some kind of legal help without paying a dime is a rare opportunity many wouldn’t want to miss, but only for those who don’t know what they can get from it. There are lawyers who offer free initial consultations, but what you consider initial consultation is not always what it seems to be. They just use them as a trick, a ruse to attract clients and nothing more. There are several reasons why you should avoid free consultations with lawyers. 1.     These initial consultations usually last for less than 30 minutes. That’s not enough time for a lawyer to get a good insight of your problem and give you good legal advice on next steps to take. 2.     That little time is never enough for a lawyer to provide you with tailored legal advice. The best you can get is a general advice about the usual procedure for issues like yours, but it doe
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William Bronchick | Is Wholesaling Properties Legal Without a License?

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William Bronchick : You buy a property, you wholesale it, you profit. Do you need a license to wholesale Property? 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 state licensing codes, as well as “gray areas”, which complicate the matter. Furthermore, if you vary the techniques and your business practices beyond the scope of what I teach in my courses, it is not always clear how the state authorities might view your practices.  Therefore, this discussion is limited to the simple act of buying and flipping as follows: 1. Sign a contract with a seller, assign it to another investor 2. Sign a contract with a seller, sign another one with a third party, then double close “FOR ANOTHER” The large majority of states use the “for another” language in their state licensing statutes. The “
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Read Before You Sign by William Bronchick

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WilliamBronchick : 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. Many banks have lawyers that represent them and charge that fee to the borrower. Mortgage brokers and lenders are not by their nature dishonest but there are enough shady characters that try to slip things by on borrowers. In some cases, it is a mistake by the lender or a miscommunication between the mortgage broker and the lender, both of which result in the borrower getting a different loan than what was promised. The most common things that are incorrect on a loan are: Prepayment Penalty The most common “hidden” clause is a prepayment penalty that the lender does not disclose or that was supposed to be omitted. The only way to
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William Bronchick | 7 Reasons to Use Land Trusts in Colorado

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William Bronchick : The land trust is a very powerful tool for the savvy real estate investor, and there are many reasons to use land trusts in Colorado. A Colorado land trust is a revocable, living trust used specifically for holding title to real estate. Each property is titled in a separate trust, affording maximum privacy and protection.  Also known as an “Illinois Land Trust”, the title-holding land trust is recognized by statute in Florida, Georgia, Hawaii, Illinois, Indiana, Montana, North Dakota, South Dakota, and Virginia. Colorado does not have a land trust statute, but since a land trust is a basic revocable, living trust, it would be recognized under common law trust principles. Here are seven good reasons to use a Colorado land trust for titling property to real estate. Privacy In today’s information age, anyone with an internet connection can look up your ownership of real estate. Privacy is extremely important to most people who don’t want others
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William Bronchick | What to do if a Tenant Abandons Your Property

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William Bronchick : Have you ever had a tenant leave in the middle of the night or the middle of an eviction? Did you ever wonder what to do when the tenant abandons the property? Basically, when a tenant abandons the property, you do not need to file an eviction or wait for the sheriff. You can change the locks. HOWEVER… If you are not certain whether the tenant has abandoned the property, you should not change the locks. If you have the keys and your lease allows it, you could enter the premises, but KNOCK FIRST. Whether or not the tenant has abandoned is often a judgment call, looking at a combination of factors, such as: ·          Did the neighbors see them move? ·          Are the utilities shut off? ·          Did the tenant put in a change of address at the post office? ·          Is there any significant furniture left? ·          If you have access, are there sheets on the beds? Even if the tenant is not sleeping there, they are still “in posses
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