Getting to Your First Property with a Plan with Mutiat Bello

Creative EntrepreneurshipMentorshipFinancial Well-Being
Written By Naomi Haile
 

Listen to the episode on Spotify / Apple Podcasts / Google Podcasts

Listen to the episode on Spotify / Apple Podcasts / Google Podcasts

Mutiat Bello is a real estate entrepreneur, educator and realtor. Through her powerful vision and discipline, she is a soon-to-be private lender and developer. Mutiat is doing this work with the purpose of understanding what longevity in the real estate space looks like, having choice and ownership over your time, passing down wealth to your children, and family members.

Mutiat is a mother. She loves to travel and is on a mission to helping you understand and take advantage of different pathways to real estate wealth.

Many things have changed and are continuing to change during the pandemic – with more buyers in the market, more people working, monetary policy changes, from home and workplace dynamics shifting – it created new opportunities for people to enter the market, maybe even buy their first home.

Mutiat’s goal is to close the real estate equity gap by helping people make strategic decisions that suit their goals without having to sacrifice their time and financial resources.


This episode is for you if:

  • You’re looking to purchase your first property

  • You’re interested in growing your wealth through real estate

  • You are on the search for a mentor and want some gems on how to position yourself as a star

  • You want to understand how you can take 1 property and turn it into a portfolio through pre-constructions

Looking for something specific?

  • [2:05] How Mutiat acquired her first property in Canada, all the way from Nigeria at 29 in 2015

  • [3:06] One of the downsides of growing up privilege and with this belief that “money will always be there”

  • [5:30] The benefits of preconstruction builds as real estate investments

  • [6:15] Using the first-time homebuyers benefit for preconstruction builds, and not only for resale home purchases

  • [8:00] the 80/20 rule when it comes to investing property, looking beyond budgeting and into what will qualify you for a mortgage

  • [9:34]What milestone structures are with regards to preconstruction builds and how does this impact your liquidity or default circumstances?

  • [12:00] Government actions that impact first-time homebuyers and signals that you can watch out for

  • [13:00] How important it is to have mentors in your field who can show you the ropes

  • [14:00] Why it is important to discern who is around you and the people that you are spending the most time with

  • [18:00] Being of value in the rooms that you are in

  • [21:27] Mutiat’s research process

  • [23:00] Selection criteria for deciding whether a property is a good match for what you’re looking for

  • [25:11] Risk tolerance and how Mutiat looks at risk and reward, removing “fear” from the equation

  • [28:00] Philosophy on wealth building and understanding your larger vision 

  • [32:37] Important markers of equity in wealth building that Mutiat is considering and has her eye on

  • [37:00] Finding creative and alternative ways to get into the real estate market in an increasingly competitive market.

  • [37:52] Joint ventures and group buying

  • [42:07] Building equity and buying properties

Listen to the episode on Spotify / Apple Podcasts / Google Podcasts

Connect with Mutiat

Connect with Naomi

 
Naomi Haile
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