A legal background offers a unique advantage in real estate, and Bishoy Habib has leveraged this expertise to excel in investing. In this episode of Zen and the Art of Real Estate Investing, Jonathan chats with Bishoy, managing partner of Levacy Legal and co-founder of CapStar Investment, a firm specializing in off-market real estate focusing on sourcing land for builders. As co-founder of CapStar Real Estate in Tampa Bay, Florida, Bishoy brings a unique blend of legal and investment skills, helping him quickly identify promising deals and avoid risky ones.
Jonathan and Bishoy delve into how a legal background can sharpen your real estate investment skills, beginning with Bishoy’s early exposure to property ownership through his father’s ventures and the path that led him to law school. As the son of Egyptian immigrants, Bishoy faced cultural expectations, influencing his career journey. They discuss crucial questions before partnering on a deal, how to spot red flags, and the importance of keeping emotions out of transactions. Bishoy also shares his passion for creating win-win deals and finding innovative solutions, showing how his legal expertise adds depth to his real estate approach.
Jonathan and Bishoy further discuss:
- A legal background can give investors a psychological edge in negotiations and knowledge.
- Realistic expectations and transparency can help manage client expectations about their investments.
- You have to weigh the litigation costs and risks before moving forward with legal proceedings.
Having a skilled attorney on your side in a real estate deal can be a huge advantage, but that legal background can also work in your favor as an investor, and Bishoy Habib has experience with both.
If you want to learn more about Zen and the Art of Real Estate Investing Podcast, check out https://zenandtheartofrealestateinvesting.com/podcast/189/.