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All Forum Posts by: Frederick Lyons Jr

Frederick Lyons Jr has started 7 posts and replied 22 times.

Post: Starting out my real estate journey

Frederick Lyons JrPosted
  • New to Real Estate
  • Baton Rouge, La
  • Posts 24
  • Votes 5
Quote from It is held at the Hampton Inn on Reiger Rd (off Seigen Lane) every second Tuesday of the month:

Where is that meet up in Baton Rouge?

Post: Starting out my real estate journey

Frederick Lyons JrPosted
  • New to Real Estate
  • Baton Rouge, La
  • Posts 24
  • Votes 5

Whoa. Thanks that was helpful really. I see your in Austin, heard there was a 33% increase in one year!  

Post: Starting out my real estate journey

Frederick Lyons JrPosted
  • New to Real Estate
  • Baton Rouge, La
  • Posts 24
  • Votes 5
Quote from @Phillip Broussard:

Im just starting as well. Bought my first property in lafayette 3 months ago! You around lafayette location?

Baton Rouge Inniswold area

Post: Starting out my real estate journey

Frederick Lyons JrPosted
  • New to Real Estate
  • Baton Rouge, La
  • Posts 24
  • Votes 5
Quote from:

Wholesaling will definitely require a lot of patience, time and consistency. You will need to constantly find ways to revamp and update your systems and daily actions so you can maximize every single lead source that does find it's way through. Follow up! I rarely find anything off of a first call, and generally dig something up after developing some form of a relationship with the seller. 

Thanks for the kind advice. I am seeing the work you must put into this to be good at it. I must say it will be challenging. 

Post: Starting out my real estate journey

Frederick Lyons JrPosted
  • New to Real Estate
  • Baton Rouge, La
  • Posts 24
  • Votes 5
Quote from @Michael K Gallagher:

Welcome in @Frederick Lyons Jr if you are specifically interested in wholesaling then I'd get very clear on what your lead measures and actions you are going to do every day are, and honestly it all comes down to the consistent actions you take every day.  You know what it is you are supposed to be doing...like me I am on these forums avoiding getting on the phones...but I know I need to...its a never ending battle and process of finding out what makes you work.  

Good Luck!

Thank you. I am finding out everyday what it takes and the work ethic you must have to be successful in REI. I have set some goals short and long term. And just yesterday learned about virtual and global real estate markets!

Post: Starting out my real estate journey

Frederick Lyons JrPosted
  • New to Real Estate
  • Baton Rouge, La
  • Posts 24
  • Votes 5

I went to a meet up in Baton Rouge Tuesday. I learned a few new things and made new contacts. It was nice to sit back and absorb knowledge and observe how seasoned vets think. They think and grow rich! I have a goal to wholesale 5 properties this quarter. And reinvest the capital into more RE. I may be getting ahead of myself, I haven't even made one offer yet. You see, I just learned about REI less than two weeks ago and I know I have much to learn. Patience is a form of action too. Someone drop some Real Estate rockstar wisdom on me.

Post: 2) Get the contract

Frederick Lyons JrPosted
  • New to Real Estate
  • Baton Rouge, La
  • Posts 24
  • Votes 5
Originally posted by @Tom Gimer:

If it is determined after contract that the seller is upside down, they either bring cash to the table, the purchase price is renegotiated based upon the new information, or the deal dies.

@Tom Gimer thank you Sir 

Post: 2) Get the contract

Frederick Lyons JrPosted
  • New to Real Estate
  • Baton Rouge, La
  • Posts 24
  • Votes 5

@Tim Herman Thanks for sure 

Post: 2) Get the contract

Frederick Lyons JrPosted
  • New to Real Estate
  • Baton Rouge, La
  • Posts 24
  • Votes 5

And if the purchase is NOT more than the total amount of obligations?