What questions are new investors not asking?

[Andrew Moullin]

Hey guys! I see a lot of the same questions on these forums and they are obviously good questions to start out with.

I am wondering, however, what are some questions that established investors wish newbies, like me, would/should ask?

What are some questions that you wish you would’ve asked when you first started? Things you wish you would’ve done differently?

Thanks in advance guys!

Andrew, Chattanooga TN

[Frank Wong]

New investors ask the wrong questions and rarely focus on the right ones.  They ask.

1. What is the best OOS market to buy?  First, everyone will have a different opinion based on what works for them. 2nd if you don't know what you are doing it doesn't matter you will lose money in the best area. The area is not important but newbies and amateurs think so because they think its the key to success. 

2. Another wrong question always asked.  I have $75k, 150k, $250k to invest with, What should I invest in?  Honestly, if you have to ask you shouldn't even be investing. That's the truth.  You will get lots of ideas on BP, some great some terrible and some in between.  More importantly, great ideas won't work for you because you don't have the same skill set as the person advising you.  I see some amazing ideas but the problem is how will this person execute it?  Instead, focus on levelling up your investing game so you never have to ask the question. You already know what to do with the money.  If you don't know what to do pay someone to advise you correctly. Do you think the truly rich people go on the forums to ask random people what to do with their hard earned money?  They know the time and getting the correct information is vital. Just watch the habits of truly rich people. 

What you want to focus on is the process.  That's the key.  Once you have a process in which you can properly analyze, find, and buy rentals investing is easy. You can use this process in any market, any cycle, and any recession.  That's what you need.  If your system can't do that then you don't really have a complete system.