Jan 14 2025 43 mins
In this value-packed episode of The Real Estate Vibe Show, host Vinki Loomba sits down with Bishoy Habib, a seasoned real estate attorney with over 12 years of experience in the Florida and New York markets. With a track record of closing over 1,000 transactions totaling $12 billion, Bishoy shares actionable insights on creative financing strategies that every investor needs to navigate the complexities of today’s market. From seller financing to subject-to transactions, Bishoy unpacks the pros, cons, and legal intricacies of these powerful tools.
Key Takeaways:
- Creative Financing Basics: Seller financing and subject-to transactions enable deals without traditional loans, thriving even in high-interest environments.
- Seller Financing: Ideal for properties owned outright, offering flexible, negotiable terms like interest rates and payment schedules.
- Subject-To Transactions: Leave the seller’s mortgage in place, allowing buyers to benefit from historically low-interest rates.
- Legal Protection is Crucial: Proper legal agreements safeguard both parties and minimize risks in creative financing deals.
- Market Trends: Contract-for-deed agreements are gaining popularity but require careful scrutiny to protect buyers’ equity.
- Mindset for Success: Discipline, delegation, and leveraging strengths lead to growth and success in real estate and beyond.
🔗 Connect with Bishoy on LinkedIn: https://www.linkedin.com/in/bishoyhabib/
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