Are you asking right questions?

[Vijaianand Thirunageswaram]

There is no question is silly or dumb according to me. It depends on how everyone sees it. 

If you want to learn, don't hesitate to ask questions. I always learned by asking questions whether it's Meetup presentation or with handyman I work or with insurance agent.  You pick their brain and get things out and learn from it every time. That's should be asset if you want to successful investor.

Are you asking right questions to people whom you are trying to collaborate and work together. For example,

1. Are you asking the wholesaler that they have clean title for the property or do they know it's going to be cleaned at closing?

2. Will the earnest deposit you will be making would refundable if no clean title or cannot close?  Always give deposit under title company name.

3. If you are flipping, ask contractor whether they worked on flips before and they know what to do to make it sale ready?

4. For BRRR, ask your contractor or handyman whether these fixes or product used will last long? Whether Tile is better than Carpet, get his opinion and see what he says.

5. Working with good title company is really important to reduce hassles with seller. Make sure they know the tricks on closing whether it's wholesale deal? On others, ask them to explain the escrow fees and other charges. 

These are simple questions but they go long way. I have more questions but would like others to add as well.