William Bronchick is the CEO of Legalwiz Publications.  He is a nationally known attorney, author, entrepreneur and speaker.  Mr. Bronchick has been practicing law and real estate since 1990 and has been involved in over a thousand transactions.  He has trained numerous people all over the country and has shared the stage with names such as Rudy Guiliani, Steve Forbes and Colin Powell.  Mr. Bronchick has authored, Flipping Properties,  Financing Secrets of a Millionaire Real Estate Investor,  Wealth Protection Secrets of a Millionaire Real Estate Investor and most recently,  Defensive Real Estate Investing.  Mr. Bronchick has been admitted to practice law in both New York and Colorado and is co-founder and president of the Colorado Association of Real Estate Investors.  His book, Flipping Properties was named one of the ten best real estate books of the year by the Chicago Tribune.

In various interviews with national news Bronchick said, “People should treat flipping as a business not a hobby” (Winston-Salem Journal, August 19, 2007), “It’s not like going into the stock market and you can go online and pick a stock and hope you’re right.  The learning curve is a little higher in real estate.  It’s not as easy as it looks.” He said referring to hidden costs.   Bill Gatten stated two rules of flipping, “It always costs you more to fix it than you think and it always takes you longer to sell than you think.” The San Diego Union Tribune recommending Bill Bronchick’s book, “Defensive Real Estate Investing” with Gary Licata; Kaplan, 2007 ($16.95) .  In it is details how to determine profit before investing, finding “safe” deals and developing an exit strategy.

In the Chicago-Sun Tribune Jay MacDonald wrote, “ It takes some research to find pre-foreclosures. But once you've scaled the short learning curve, the sky's the limit, according to Bill Bronchick, Denver attorney and author of Flipping Properties: Generating Instant Cash Profit in Real Estate.

Bronchick gives you some sound advise on how you can buy a foreclosure at three stages in the process: pre- foreclosure, at public auction and post-foreclosure, at which point the property has been foreclosed upon and taken back by the lender. These orphans are known in the business as "real estate owned" or REO.

Courthouse auctions are fraught with risk: Bidders are generally not allowed to inspect the property, the property or title may not be insurable, and in 11 states, the prior owner, sublien holders or even the IRS may redeem the property within a set period. All sales are final, terms are fixed (no negotiating) and the competitive bidding in today's market leaves little room to profit.  William Bronchick offers sound advise for willing investors.