When selling a property there are certain disclosures mandated by state and federal law. Do you know them?
Author Archives: Bill Bronchick
The LLC-IRA for Real Estate Investing
March 1, 2010 – 4:07 pm
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, and potential lawsuits against your IRA.
Well, there’s a solution… the [...]
Should You Disclose on Short Sale Flips?
February 1, 2010 – 3:58 pm
Short sale flips – the process of shorting a property then reselling it for a cash profit in a simultaneous closing has been taking heat lately from title companies and real estate brokers. Realtor blogs are filled with drivel about how these transactions are illegal or unethical. What’s the real truth?
The Basic Process
The process of [...]
Create Monthly Cash Flow Without Any of Your Own Money or Credit
January 1, 2010 – 6:00 pm
A profitable, yet easy-to-learn method of creating cash flow is to buy and re-sell properties in back-to-back closings. However, flipping properties in this manner [...]
Common Investor Mistakes
November 1, 2009 – 5:22 pm
You can’t expect to reduce your risk of getting sued to zero, but you can take steps to reduce your risk as much as possible. In any situation where your money is at risk, ask yourself, “Is there a better way?” Know the legal and financial risks of the situations in which you place yourself, [...]
Buiding an Investor List – It’s Magic!
May 1, 2008 – 11:34 pm
Building an investor list is the key to success in real estate investing. The concept is simple – find a list of investors who buy properties, then go out and find the inventory to flip to such investors. Also, let these investors know that you buy houses, too. The more people who are in your [...]
Buy a House, Get Thrown in Jail?
December 1, 2007 – 5:28 pm
Editors Note: There is help out there for investors. The National Association of Responsible Home Rebuilders and Investors (NARHRI) was formed to provide the real estate industry with the means to properly defend itself, and that meant filling the gaping hole in terms of gathering information about legislation throughout the country. NARHRI believes it is [...]
Can Government Solve the Foreclosure Problem?
November 1, 2007 – 5:34 pm
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Foreclosures are up nationwide, and will continue to rise as prices continue to go flat in many markets. For some, the problem is painful. Ask New Century Financial Corporation, the nation’s second largest subprime lender, who recently filed for bankruptcy. Ask the guy down the block from you whose house is in foreclosure.
Some pundits [...]
Bubble, Schmubble – Flipping Works in ANY Market!
September 1, 2007 – 5:48 pm
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For years, hot-shot speculators made huge profits flipping condos in Florida and Vegas before they were even constructed. All the while, the naysayers in the ivory towers of Wall Street and academia warned of a “housing bubble” that was sure to burst as all bubbles do. When Fed chairman Alan Greenspan said that national real [...]
Owner Financing 101
February 1, 2007 – 6:49 pm
There are many benefits for doing an owner-carry installment sale as opposed to conventional financing for both the buyer and seller. Sometimes the advantages inure to the benefit of one or the other, but in most cases the transaction is “Win/Win” for both parties.
Benefits for the Seller
Most sellers of real property insist on the highest [...]
