Category: Real Estate

Guide to Colorado Business Entities William Bronchick

Business entities come in so many types that business owners can easily get confused. Hereís a quick guide that will hopefully shed a little light on business entities for you. Business Entities “C” Corporation: A corporation whose shares are held by shareholders. The entity stands apart from the shareholders for legal and tax purposes. The […]

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Self Directed Real Estate IRA

If you are looking to invest your IRA money in something other than the stock market, the “self-directed real estate IRA” may be for you.  A “self-directed real estate IRA” is really not a special type of IRA, but rather a way of investing in your IRA. All IRAs are self-directed, but the custodian you pick […]

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“Release” Yourself from Liability

People settle claims out of court all the time, and that is often the smart thing to do. But, most people forget one simple step that is crucial to the process. This simple step, if omitted, can result in a future lawsuit against you, even if you allegedly settled the claim. Consider the act of […]

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DNA Profiling: Its Uses in Court

Courtesy of William Bronchick, Bronchick Law Stronger evidence in courtrooms—it’s what every attorney, defendant, and plaintiff dreams of. Beginning in the last 1980s, this is exactly what began to surface through DNA profiling. We don’t deal at all with this kind of issue at Bronchick Law, but I thought it might prove to be some interesting […]

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The Mortgage Elimination Scam

You’ve seen the claims: “Eliminate your mortgage!!” Can this really be true? Well, I’ve researched the law and here’s what I came up with. The Claim The claim they are making is that you can legally eliminate your mortgage based on a legal loophole that goes something like this… “If the lender who funded your loan […]

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Using an Attorney to Buy a House

The most expensive thing most people will buy in their lifetime is the house in which they live. In addition to being expensive and taking decades to pay for, the purchase of a house also represents one of the more complicated legal transactions most people will ever encounter. Despite the need for contracts involving bankers, […]

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Real Estate IRA in Colorado – the Self Directed Checkbook IRA LLC

The Real Estate IRA in Colorado… 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, potential lawsuits against your […]

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How to Form a Colorado LLC

New website describes how to form a Colorado LLC, step by step, with or without a lawyer. http://www.howtoformcoloradollc.com In summary, here are the steps: Step 1.  Choose a name.  Go to http://www.sos.state.co.us/biz/BusinessEntityCriteriaExt.do and search combinations that appear similar to the name you want.  For example, if you want ABC Real Estate, LLC, search “ABC” and see what else […]

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Colorado IRA LLC Lawyer

A Colorado IRA LLC Lawyer is who you need to talk with if you have a self-directed IRA.  A self-directed IRA can be cumbersome if you own assets such as real estate rentals because you need to direct the custodian for every transaction – rental income, expenses, mortgage payments, taxes, repairs, etc.  You need to […]

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There’s No “Due on Sale Clause” Jail

By William Bronchick, Esq.   This article is for real estate investors and my real estate clients. The “due-on-sale” clause is probably the most talked about, feared and misunderstood topic in real estate. This article will dispel any misunderstandings you may have about the due-on-sale and suggest a simple, yet effective strategy to get around […]

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