What Kinds of Questions Should I Ask During Investor Interviews?

What Kinds of Questions Should I Ask During Investor Interviews?

Jin LimPro Member
Investor · Washington DC · Member since 2016 · 132 posts · 77 votes

Hello BP,

I didn't know where to post this, but I think this is the safest place to post. I've been trying to flip homes here on Oahu and have been networking and learning a bunch through experienced investors. I've found myself a mentor and have also been tagging along with any investor that would allow me to tour their projects with them.

That's where I got this idea: Why not record and feature these investors' latest projects in a cinematic way and also have a short interview at the end where I ask every investor the same five questions?

1) How did you find this property? (e.g.: MLS, wholesaler, driving for dollars, etc.)

2) How much did you acquire the property for?

3) How much was the rehab?

4) How much do you expect it to sell for? OR How much did it sell for?

5) What was the biggest lesson you learned from this project?

The goal is to provide viewers an inside look on a real project and also be an educational resource for newbies like myself. It would also benefit the investor by building rapport among other investors and market the property at the same time!

SO my question now to you is: What other questions would you like me to ask these investors? What would you like to see in these videos? 

I'm filming the first two "episodes" this weekend, so I would love your feedback before I begin!

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  • Rental Property Investor · Springfield, MO · Member since 2016 · 1k+ posts · 890 votes
    7y

    @Jin Lim Maybe house specific questions? Like: "What is your favorite upgrade to this house?" or "What is the single upgrade to this house that you think added the most value (bang for buck)?" 

  • Jin LimPro Member
    OP
    Investor · Washington DC · Member since 2016 · 132 posts · 77 votes
    7y

    @David Pere

    Thanks for your suggestions! I do plan on having the investors introduce the basics of the property and also have them talk about their favorite features and what not. Maybe I can slip in the "best bang for the buck" question somewhere in that portion or during the interview portion!

  • Honolulu, HI · Member since 2018 · 21 posts · 9 votes
    7y

    Hey @Jin Lim! Thanks again for bringing me out to the meet up on Wednesday! This sounds like a great idea and I can't wait to see the first episode! I love listening to the Deal Deep Dives on the podcasts. 

  • Jin LimPro Member
    OP
    Investor · Washington DC · Member since 2016 · 132 posts · 77 votes
    7y

    @Chad Quillopo It was great meeting you for the first time! Hope to see you at other meetups around the island.

    I record the first episode TODAY and the second episode tomorrow! I can't even express how excited I am.

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