Relationship-Based Lending with Fadi Boumitri | Legacy Wealth Show

Attorney Fadi Boumitri tried his hand at everything, from single-family homes to rehabbing and flipping to rentals and cash flow positives. Things changed, though, in 2013 when he invested in his first apartment building—it was eight units and it cost $30,000, plus another $50,000 in rehab work. That first year, Fadi generated $27,000 in net income from the building, a staggering 33% ROI. The deal, he explains, wouldn't have passed the attorney sniff test but, still, he moved forward. As he unpacks in this episode, liability is always outweighed by benefits—put your boots on the ground, march forward and clean up the paperwork mess layer. While you'll always do baseline due diligence, being an entrepreneur is all about taking smart, mitigated risk—because, at the end of the day, that's where the reward lies. Another source for rewards? Relationships. In this episode, Fadi talks about tapping your inner circle— the people who know you and trust you—to generate capital for your real estate investing. The reality? In the beginning, you're a no-name—and no one is calling a no-name to fund their deals. Your friends and family, though, know what you're capable of and, with the right positioning, will be happy to throw money in your direction.