Attorney William Bronchick: William Bronchick Best-Selling Author

William Bronchick : Taxes are your biggest expense in your lifetime, so choose your source of income wisely! Real estate has some of the BEST TAX BREAKS of any investment in America! The more you earn through your job, the more you get taxed, and the system is setup that way to punish hard workers and reward investors.  Have you looked at the bottom stub of your paycheck lately and seen how much the government steals from you?  Wage income not only requires work, it gets taxed at a very high rate, plus the government takes FICA, which is put into a system that may be bankrupt when you retire. Real estate has so many tax advantages over wage income: Capital Gains Rates The maximum federal tax rate on capital gains is 15%, whereas wage income is taxed at 35%.  There’s state taxes, too, and some states offer further discounts on capital gains income.  Remember, capital gains requires that you hold a property for 12 months or more before selling, as in the case of a lease/o

William Bronchick: Many investors are generally familiar with the concepts lease option and Colorado installment land contract (aka “contract for deed). Many investors confuse the two, and this article will help you understand the tax, legal, and practical issues between them. Lease Options First, let’s start with the lease option, which is really two things, a lease and a purchase option. A lease is a contract for the use and possession of land, creating a landlord/tenant (or “lessor/lessee”) relationship. A purchase option is a unilateral agreement wherein the optionor (“seller”) agrees to give the optionee (“buyer”) the exclusive right to the purchase the leased premises. The option price is generally set at a fixed price at the inception of the lease, although it does not have to be. At any time during the option period (which generally corresponds to the lease period), the tenant can exercise his option to purchase. An option is not the same as a regular purchase

When you decide to start your career as a new real estate investor you have to follow many tips and strategies that will help you to become successful. And often you commit mistake at your beginning stage. Thus for this William Bronchick has tried come up with 5 mistakes out of his experience and attorney help, that you can mind in reducing your mistake. Here given below are the following 5 mistakes that most new real estate investors make very often time. Not Valuing Your Time Being a property director may sound simple until the point that you begin doing it. Numerous new and financial specialists think they can go only it. And decline to employ a property chief with an end goal to spare cash. Be that as it may, when the midnight crisis calls come in, you’ll end up singing an alternate tune. On the off chance that you intend to keep up an all-day work notwithstanding beginning as a land speculator it is vital you contact a property chief. Your opportunity is profitable,