Attorney William Bronchick: William Bronchick Best-Selling Author

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...

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 s...

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 si...

William Bronchick : No real estate course or seminar is a substitute for a good Colorado real estate attorney. Finding a good Colorado 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 how to make more money out of a deal. A good   Colorado real estate attorney is one who advises you of the risks, suggest alternative ways of doing a transaction and charges a reasonable fee for doing so. A bad real estate attorney either says nothing, points out problems without offering solutions or systematically kill deals. This is why attorneys are frequently referred to as “deal killers”. Ask other investors in your area who they use as an attorney. Join a local real estate investors association and ask for referrals. Ask local real estate agents and title companies for referrals....