What if the key to thriving in today’s real estate market isn’t what you think — could creative financing be the game-changer for your investments?

 

In this episode, Angel sits down with seasoned real estate attorney Bishoy Habib. With over 12 years of experience and $12 billion in transactions, Bishoy shares invaluable insights into navigating today's challenging real estate environment. The conversation dives deep into creative financing strategies like "subject to" transactions, seller financing, and the crucial role of a solid legal team. From understanding the intricacies of loan defaults to the potential pitfalls of skipping legal advice, this episode is a must-listen for investors looking to pivot and protect their investments in uncertain times.

  [00:01 - 03:58] The Rise of Creative Financing

• Subject-to deals leverage low-interest loans
• Both buyer and seller face risks; legal expertise is essential
• Land trusts can help secure these transactions

[03:59 - 06:45] When Banks Call the Shots

• High interest rates push banks to enforce loan covenants
• Borrowers can face unexpected defaults
• Legal protections like the Garn-St. Germain Act are crucial

[06:46 - 10:31] The Power and Pitfalls of Seller Financing

• Seller financing offers flexibility but comes with risks
• Ensure contracts include clear default terms
• Always secure the title for maximum control

[10:32 - 14:30] The Real Cost of Skipping Legal Advice

• Skipping legal help leads to costly mistakes
• Invest in legal advice upfront to save in the long run
• Preparation prevents expensive litigation

[14:31 - 18:35] Lessons from the Courtroom

• Litigation drains time, money, and energy
• Preemptive solutions avoid legal battles
• A good legal team is an invaluable asset

 

 

Key Quotes:

 

“The best defense is offense — get ahead of potential issues early on.” - Bishoy M. Habib

 

“If it benefits the bank, they’ll call the loan due, no matter how compliant you’ve been.” - Bishoy M. Habib

 

 

Connect with Bishoy:

 

Website: https://levacylegal.com/

Facebook: https://www.linkedin.com/in/bishoyhabib/

Instagram: https://www.instagram.com/attorneybishoy/

 

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