The Mechanics of Owner Financing

The Mechanics of Owner Financing

by William Bronchick, Esq. To sell a house quickly, it must be attractive and so should the terms. By fixing your home to present it in the best light and offering flexible terms as well, you have in fact given your buyer an “offer they can’t refuse.” When offering...

New home building is booming

Once again there is a frenzy for new homes and people are camping out to get theirs. The median price for new homes in southern California jumped 19% in the last year to $401.New construction jumped 56%. This also means that the economy will grow rapidly. We are so...

GET RICH SLOWLY

 I have been in the real estate business since 1986 and would like to share some perspective with people who are new to the industry. The real estate business is just like any new business. First you have to gain knowledge, set up a plan and then take action. This is...

What to do with equity

I put this on my blog; my facebook and my email list because I think it’s so important. Since I come from a family of attorneys, I am always worried about, “what if”.  I try to look ahead so that I try to minimize any possibility of legal hassles. One bad deal can...

Flipping is dead

Every time you make an offer to  a bank, be prepared to close. There is no assignment regardless of what some “guru” tells you. You can do a double close but it is risky and complicated. Your deposit is at risk unless you have someone who is willing to put...