01/04/2025
Dearest wealth builder,
In celebration of breaking in a new month, for the next 5 days, I will be sharing 5 tips I'd learnt as a real estate agent and investor that will help you scale in your real estate investment.
So, here's 5 things I've learnt as a realtor in Abuja, Nigeria.
TIP ONE!.
1. YOUR FIRST INVESTMENT WILL BE THE HARDEST.
It is always harder to do something for the first time. There'd be many obstacles in your way such as, bills you have to pay, fun you'll miss out on, no extra income, etc. these usually aid in you procrastination habit of owning your first investment property.
When you cross those hurdles, and get a property, You may doubt your decision and find it hard to commit.
After all, your parting with your hard earned money. However, pushing through your fear is how the brave succeed.
My best clients said they were able to make the decision by having an investment plan and "buy-in criteria". And this has worked for me as well!.
The investment plan should have a strategy for earning extra income and budgeting wisely to invest and not miss out on the fun activities and paying your bills.
"The buy-in-Criteria" is a process that can help you know if the asset fits your plan or goal. For example, if you want to own land for land banking, you're criteria may look something like this:
1. Land in developing area
2. 200sqm ( )
3. Residential land, with good road and infrastructure close to it
4. Should double in value in 2 years.
If the property you are viewing ticks all the boxes for you, you know without a doubt that it is the right property for you.
That way they lessen the thinking process and reach a decision faster.
To have the right buy-in-Criteria, you must also have the right investment knowledge and plan.
I'll be discussing that in the next post. See you tomorrow.
Sincerely,
Mayflower Ezinwa
Your Realtor and cheerleader for wealth building through real estate investments in Abuja 😊
