“Successful people ask better questions, and as a result, they get better answers.” — Tony Robbins
When a real estate investor purchases a property — whether for buy/hold or buy/sell — they often ask the WRONG questions. They want immediate answers, but they are not willing to ask empowering and thought provoking questions to actually lead them to the right solutions and answers. In today’s video, I discuss the most important question you should be asking yourself with every property you get involved with:
“What is the highest and best use of this property?”
In the video, I discuss one of our mixed use rehabs that is under construction. I asked this question before we created our plan for the building, and it has helped guide me towards the best plan for this building.
Asking and then answering (I mean honestly answering) this question is the key to success for any real estate investor.
The building before and during demo:
What other critical questions have you asked yourself before taking action in one of your buildings?
I would love to hear from you in the comments section below.