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Tim Herriage shares his journey from high school to a $7 billion real estate investor, highlighting his involvement in 2,500 houses and 150 loans totaling $25 million in the past year. How Tim Herriage Has Been A Part of $7 Billion In Real Estate Transactions | Video Replay https://youtu.be/ddFdNzwDp70 Review and Score Your Sales Calls for FREE! objectionproofselling.com/ai To Close More Sales Faster: closemoresales.com/salesmasterclass The Collective Genius Connect with the top Real Estate Operators in the Country and Get Access to Capital for your deals. Visit: www.100PercentMoney.com MOTIVATED LEADS Get a $300 Credit When You Mention STEVE TRANG when you contact us. https://www.motivatedleads.com/ Objection Proof Selling Sell As Your Authentic Self https://objectionproofselling.com/ How Tim Herriage Has Been A Part of $7 Billion In Real Estate Transactions Tim Herriage | Ternus RCN Capital https://www.facebook.com/timherriage https://www.youtube.com/c/timherriage https://timherriage.com/ https://www.ternus.com/ https://rcncapital.com/ https://www.instagram.com/timherriage Tim Herriage – CEO of Ternus, Inc. & Real Estate Investment Leader Tim Herriage is the CEO of Ternus, Inc., a real estate finance company built by investors, for investors. With over 20 years of experience in real estate investment, private lending, and capital markets, he has been involved in $8 billion+ transactions and acquired nearly 2,000 properties. A pioneer in the industry, Tim co-founded Blackstone's B2R Finance (now Finance of America Commercial) and played a key role in RCN Capital's national expansion. He also founded REI Expo, the largest real estate investor trade show in the U.S. At Ternus, Tim leads a mission to provide fast, transparent, and investor-friendly lending solutions, including 100% financing options. Through Regulation Crowdfunding (Reg CF), Ternus allows individual investors to become shareholders, keeping real estate finance in the hands of real investors. A former U.S. Marine Corps Intelligence Analyst, Tim applies a disciplined, mission-driven leadership style. He also hosts the "Real Investing for the Everyday Investor" podcast, sharing practical real estate insights. Based in Rockwall, Texas, he lives with his wife, Jennifer, and their two sons. Tim is passionate about helping investors build wealth and legacy, believing real estate should be about real people, not Wall Street. How Joe Went From Homeless To A Million Dollars In The Bank | Takeaways 1. Delaying gratification and investing wisely can lead to exponential wealth growth (e.g., $1 million at 30 can become $130 million by 65 if invested smartly). 2. Learn from your own mistakes, not just others' - personal experience is the best teacher. 3. Core values matter: Tim's STARS principle (Speed, Transparency, Accountability, Respect, Service) guides his leadership approach. 4. The importance of having a clear vision and mission in business, beyond just making money. 5. Continuous learning is key - always be eager to learn, attend masterminds, and stay connected with industry trends. Get 10% OFF on InvestorLift. Use promo code DISRUPTORS. Earn MORE in wholesaling—FAST! https://get.investorlift.com/disruptors/
In episode 30 of Wake Up to Wealth, Brandon Brittingham interviews Tim Herriage, Founder and President of Ternus, as he shares invaluable insights into the importance of track records, the nuances of owner financing, and the power of adaptability in business.Tune in for a wealth of knowledge on real estate, business ethics, and the significance of reputation in achieving long-term success.SOCIAL MEDIA LINKSBrandon BrittinghamInstagram: https://www.instagram.com/mailboxmoneyb/Facebook: https://www.facebook.com/brandon.brittingham.1/ Tim HerriageInstagram: https://www.instagram.com/timherriage/Facebook: https://www.facebook.com/herriage/LinkedIn: https://www.linkedin.com/in/timherriage/WEBSITEBrandon Brittingham: https://www.brandonsbrain.org/homeTim Herriage: https://timherriage.com/Ternus: https://www.ternus.com/
Send us a Text Message.Welcome to the Real Investing Podcast with Tim Herriage and Ryan Harper! In this episode, we dive into essential tips for everyday investors. Learn why avoiding seminars promising easy money, understanding the realities of investing, and building genuine relationships are crucial for your success. We also discuss the importance of choosing the right investment strategy and staying committed to your goals. Whether you're new to real estate or looking to refine your approach, this episode is packed with valuable insights to help you navigate the real estate market effectively.
Stop Talking, Take Action, Get Results. Business and Personal Growth with Jen Du Plessis
This week listen as Jen sits down with guest Tim Herriage, Executive Director at RCN Capital. Tim shares with us his tips on developing high cash flow using combination strategies between traditional rentals and other income streams in the housing market. ____________________ Join the Mortgage Lending Mastery Community Today: YouTube: https://www.youtube.com/channel/UCIz6-AkN3rMajV8OHfbJ_zw?view_as=subscriber Facebook: https://www.facebook.com/JenDuPlessis22 Instagram: https://www.instagram.com/jenduplessis/ Website: www.JenDuPlessis.com LinkedIn: https://www.linkedin.com/in/jenduplessis/ LinkedTree: https://linktr.ee/jenduplessis Interested in joining the Marketer's Cruise? Go to https://marketerscruise.com/ make sure you scroll down and find my name as your referral when booking. Book a Strategy Call with Jen TODAY: www.ChatwithJen.com _________________________ BIO: Tim Herriage is the Executive Director at RCN Capital and host of The Uncontested Investing Show. Tim is a professional real estate investor and entrepreneur. For two decades Tim has been on the leading edge of the Real Estate Investor (REI) space. This includes being the Founder of 2020 REI Group, Co-Founder and Managing Director of Blackstone's B2R Finance, Founder of the REI Expo, as well as a Franchisee and Development Agent for HomeVestors® of America. Tim has completed well over $1 Billion in real estate investment transactions, including the acquisition of more than 2,000 houses in his twenty-one-year career. Tim currently purchases and repositions approximately 50 homes per year in the Dallas market through his various real estate companies while serving as Executive Director for RCN Capital. Tim built and sold six companies by the age of 40 and enjoys empowering entrepreneurs and investors by sharing raw truths about the mistakes he has made. Connect with Tim: Website: https://rcncapital.com/ Social Media Handle: @timherriage on all platforms Learn more about your ad choices. Visit megaphone.fm/adchoices
In honor of Uncontested Investing's 100th episode, we've invited a familiar face to sit down with us and talk about what he loves most – Tim Herriage. Since stepping away from the podcast, Tim has focused more on growing his portfolio and building Ternus, a lending company based in Dallas, among many other ventures. He is on the show today to answer questions from our subscribers and share a couple of nuggets for real estate investors who want to succeed in today's market! Listen now to hear what Tim Herriage has been up to, how Ternus is growing, and listen to his answers to questions from our listeners! Key Talking Points of the Episode 00:00 Introduction 02:24 What has it been like for Tim to be able to focus on investing again? 06:04 What is the story behind Ternus? 11:15 What is Tim's role at Ternus? 12:52 Uncontested Investing highlights 15:12 What answers from guests he interviewed stood out the most for Tim? 18:10 How can you successfully transform into a better version of yourself? 20:04 What are Tim and Nate's most memorable experiences in Uncontested Investing? 22:58 What should new real estate investors do as they start their journey? 27:40 What does the future look like for Uncontested Investing? 29:30 Who do we want to invite as guests in Uncontested Investing? 31:13 What topics should be covered in Uncontested Investing in future episodes? 33:53 What are Tim and Nate's best behind the scenes moments? 35:19 What do we want listeners to take away from every episode? 37:18 What are the biggest lessons Tim and Nate learned from hosting Uncontested Investing? 41:00 What are Tim and Nate's favorite episodes they recorded? 46:11 Where do we find the best resources for information we share on the podcast? Quotables “It reminds you that every day, your biggest competition is most likely the man or the woman in the mirror and if you can beat that person, you can beat them all.” “I think it's not enough to see the person in the mirror if you're not willing to do what is necessary to correct what you don't like that you see.” “The resource that's most valuable is your network. The resource that's most valuable is your contacts. The resource that's most valuable is the person that's willing to do something for you or with you without putting their hand out for money or compensation.” Links Website: RCN Capital https://www.rcncapital.com/podcast Instagram: RCN Capital https://www.instagram.com/rcn_capital/ Website: REI INK https://rei-ink.com/
Stop Talking, Take Action, Get Results. Business and Personal Growth with Jen Du Plessis
This week listen as Jen sits down with guest Tim Herriage, Executive Director at RCN Capital. Tim shares with us his tips on developing high cash flow using combination strategies between traditional rentals and other income streams in the housing market. BIO: Tim Herriage is the Executive Director at RCN Capital and host of The Uncontested Investing Show. Tim is a professional real estate investor and entrepreneur. For two decades Tim has been on the leading edge of the Real Estate Investor (REI) space. This includes being the Founder of 2020 REI Group, Co-Founder and Managing Director of Blackstone's B2R Finance, Founder of the REI Expo, as well as a Franchisee and Development Agent for HomeVestors® of America. Tim has completed well over $1 Billion in real estate investment transactions, including the acquisition of more than 2,000 houses in his twenty-one-year career. Tim currently purchases and repositions approximately 50 homes per year in the Dallas market through his various real estate companies while serving as Executive Director for RCN Capital. Tim built and sold six companies by the age of 40 and enjoys empowering entrepreneurs and investors by sharing raw truths about the mistakes he has made. Connect with Tim: Website: https://rcncapital.com/ Social Media Handle: @timherriage on all platforms Learn more about your ad choices. Visit megaphone.fm/adchoices
Over the last 2 years, Uncontested Investing has been hosted by Tim Herriage – a seasoned real estate investment expert dedicated to empowering everyday investors. Tim has brought a lot of value to real estate investors all around the country by inviting guests, talking about news and trends, and introducing opportunities for investors to grow and further diversify their businesses and income streams. This year, however, Tim has decided to pursue opportunities outside the podcast and in this episode, we're introducing Uncontested Investing's new host, Nate Zielinski. Listen now to learn more about the reasons behind these changes, who the new host will be, and what you can expect from the podcast moving forward! Key Talking Points of the Episode 00:00 Introduction 01:27 What is the purpose behind Uncontested Investing? 02:23 What will Tim be focused on in 2024? 04:16 What did Tim focus on in the last 2 years? 07:31 Why did Tim decide to move out of hosting the podcast? 09:33 What is next for Uncontested Investing? 10:25 Who will be hosting Uncontested Investing moving forward? 12:30 Who is Nate Zielinski? 16:09 How did Nate approach the idea of hosting Uncontested Investing? 18:26 How are people adjusting to the market today? 21:38 Why is it important for investors to learn to adapt to the market? 24:52 What is Tim's favorite part of real estate investing? 27:55 Why is it important for investors to stay focused on your ‘why'? 32:08 What is the biggest lesson Tim learned from RCN Capital? 37:10 What is Tim's advice for new entrepreneurs today? Quotables “The time to act is always now in real estate.” “There's so many different layers to real estate investing that I think people need to understand, definitely educate themselves on, before they jump into it.” “You must respect what they've done, appreciate the effort they've put in, and find a collaborative way to challenge the status quo – and it's difficult.” “Stay focused and committed to your vision because your vision is what's special.” Links Book: Who Moved My Cheese? https://www.amazon.com/Moved-Cheese-Spencer-Johnson-M-D/dp/0743582853 Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/
Brady McDonald is the founder of The Grit Mastermind and CEO of Brightwork REI, a development company focused on building state-of-the-art self-storage facilities. He is a real estate investor with experience across many different asset classes and he is on the show today to tell us about his experience in building a mastermind, scaling multiple businesses, and operating in different markets. Listen to this episode to learn more about Brady, how he expanded his business into different asset classes, and why he founded The Grit Mastermind! Key Talking Points of the Episode 00:00 Introduction 00:32 Who is Brady McDonald? 01:49 How did Brady get into real estate investing in the US? 02:47 What should real estate investors be focused on today? 04:27 What is it like to experience a market downturn? 06:55 How did Brady get into the Houston market? 08:35 How did Brady expand his business into different asset classes? 10:36 What are the different risks of being in real estate development? 12:36 What does Brady's team look like today? 15:10 What changed in interest and cap rates over the last 18 months? 16:30 Where does the demand for storage come from? 18:55 What is The Grit Mastermind? 19:56 Why is it important to be vulnerable if you want to succeed? 21:48 What got Brady into running? 23:40 What inspired Brady to run a marathon? 24:40 What did Brady's first marathon make him realize? 27:52 What is Brady's advice to young entrepreneurs today? 29:27 Why is your family an important factor in your success? 34:38 How does your personality affect your strategy in business? 36:35 What is the importance of having balance in what you're doing? 37:15 How can you connect with Brady? Quotables “My advice to you would be to get ahead of the market if it is in a declining state and just try to sell them fast. At the end of the day, you will end up with more money in your pocket otherwise.” “When I was forcing my body into doing these hard things, the mindset got right and when my mindset got right, I became a better dad, a better husband, a better business, I could communicate better – everything just got better.” “What I would highly recommend is figuring out one strategy in one market that is scalable and dive deep into it.” Links Instagram: Brady McDonald https://www.instagram.com/brady.mcdonald84/ Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/
I had the privilege of first meeting today's podcast guest at a masterminds conference in Texas, and right away I knew he was somebody I could learn a lot from. After he left the Marine Core in 2001, Tim Herriage went on to flip over 2000 houses, attain the illustrious title of "Number 1 Homevestors Franchisee in the Country", be the first hire at Blackstone's "B2R Finance" (which later became Finance of America), and be appointed as the executive director of RCN Capital. And that's just scratching the surface. Sell your house, land or commercial property on: https://handsomehomebuyer.com/ Follow us on: TikTok: https://www.tiktok.com/@handsome_homebuyer Twitter: https://twitter.com/handsome_hb Instagram: https://www.instagram.com/handsome_homebuyer/ Pinterest: https://www.pinterest.com/handsome_homebuyer/ Linkedin: www.linkedin.com/in/charles-weinraub-94376116b --- Send in a voice message: https://podcasters.spotify.com/pod/show/charles-weinraub/message
Matt Porcaro is the founder of The 203K Way, a program that helps real estate investors build their portfolios by using the FHA 203K loan. He is a seasoned real estate investor who specializes in fix and flips, the BRRRR strategy, and small multifamily properties, and he is with us on the show today to shed a little more light on The 203K Way. Listen now to learn how Matt used the FHA 203K loan to propel his real estate investing career to success and how you can learn how to do it for yourself too! Key Talking Points of the Episode 00:00 Introduction 01:18 Who is Matt Porcaro? 03:01 What is Matt's background? 04:57 How did Matt get into real estate investing? 06:00 What is the FHA 203K Loan? 07:16 How can you use the FHA 203K loan as an investor? 08:37 How did Matt learn more about how the FHA 203K loan works? 09:31 What was Matt's first investment property like? 12:01 How did the FHA 203K loan help Matt make progress in his investing career? 14:04 Why should real estate investors consider utilizing the FHA 203K loan? 16:24 What is the importance of learning to recycle the current real estate inventory? 22:31 How does the FHA 203K loan work? 24:12 What does the process of using the FHA 203K loan look like? 25:33 What is the role of the 203K consultant? 26:08 How can you make sure your renovation works with the FHA 203K loan? 28:42 How do interest rates work with the FHA 203K loan? 29:56 What was the turning point in Matt's career? 32:46 How can the FHA 203K loan make real estate investing easier? 34:12 What is the importance of learning to lead by example? 37:45 What is The 203K Way? 38:32 How did Matt come up with The 203K Way? 41:53 What is the purpose behind The 203K Way? 43:49 What is Matt's advice for investors today? 46:02 How many people has Matt helped with The 203K Way? 47:51 How can you connect and learn more from Matt? Quotables “One thing I do know is that we're not gonna be able to build houses fast enough, so we have to learn how to work with the existing inventory in the market and one of the best ways to do this is by using renovation lending.” “People always wonder why all contractors suck, but it's not that all contractors suck. It's that all people go to the cheapest guy.” “I think the thing I underestimated the most was getting one deal and how that one deal changes everything so fast. You, all of a sudden, are part of the club.” “If you can get a good deal, a good deal absolves all sins.” Links Instagram: The 203K Way https://www.instagram.com/the203kway/ Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/
Justin Colby is the founder of The Science of Flipping podcast. He is a real estate investor and coach focused on investing in the single-family space, helping thousands of people explore their options as real estate investors, and getting involved in the best ways possible. Justin is with us today to give us a little more insight into the single-family industry and what it takes to succeed. Watch now to learn more about Justin, his best practices, and how you can succeed in the single-family space! Key Talking Points of the Episode 00:00 Introduction 00:21 Who is Justin Colby? 01:31 What should investors be focused on today? 04:04 Why is networking important for Justin? 05:15 What is Justin's family situation like? 07:02 How did Justin realize he could expand into markets outside his backyard? 08:57 What is the story behind The Science of Flipping? 10:12 How did Justin get into coaching real estate investors? 15:26 Why should interest rates not affect your decision to buy real estate? 16:03 What is the DSCR and how does it affect your investment? 18:36 Why is it important to be dynamic as a real estate investor? 19:21 Why should you be in real estate for the long haul? 20:32 What is the importance of owning at least one rental property? 22:24 What does Justin's real estate team look like today? 23:30 How can operating your business virtually help you achieve your goals? 24:49 What are the benefits of working with a smaller, more productive team? 27:10 How is Justin's business benefitting from the virtual setup? 29:10 How important are your relationships to your success? 34:30 Where does Justin's passion for this business come from? 36:25 What should your money mindset be like if you want to succeed? 40:28 What is Justin's advice to real estate investors today? 43:37 What is Justin's mission with his coaching program? 44:50 How can you get in touch with Justin? Quotables “You don't have to be doing this in your backyard. Pick the area, follow the money, go where the big boys are going.” “I think when we over-engineer a process or system, it actually removes your ability to be flexible and being able to adapt to different things.” “My first mentor in the space basically said every meeting is important, even if it doesn't put a check in your pocket.” Links Instagram: Justin Colby https://www.instagram.com/thejustincolby/ Youtube: Justin Colby https://justincolby.tv Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/
Kent Clothier is the CEO and founder of Real Estate Worldwide and The Boardroom Mastermind. He is an established real estate investor, speaker, and coach, and he is with us on the show today to talk about the things that changed his perspective on business and life, and how he is using his knowledge and expertise to help other entrepreneurs succeed and achieve freedom. Listen now to learn more about Kent, The Boardroom Mastermind, and how you can build a business that can help you get your time back and build the life you want! Key Talking Points of the Episode 00:00 Introduction 01:15 Who is Kent Clothier? 03:28 What should real estate investors be focused on today? 07:45 What was the turning point in Kent's career? 11:10 What life-changing experience changed Kent's life for the better? 13:48 How do experiences teach you lessons in life? 16:33 How does Kent screen people who join the Boardroom Mastermind? 17:50 What is the common thread of people in the Boardroom Mastermind? 18:51 What perspective does Kent have towards life? 20:19 Why is it important to be able to buy your time back? 22:05 Where does Kent's passion to help entrepreneurs come from? 24:05 What was it like for Kent to grow up in Dallas? 26:14 How are the Boardroom Mastermind events executed? 29:15 How were the standards of the Boardroom Mastermind created? 31:40 What kind of culture does the Boardroom Mastermind have? 33:22 How did the Boardroom Mastermind become what it is today? 36:44 What is Kent's advice to entrepreneurs today? 41:30 What is it like to be in the Boardroom Mastermind with influential people? 43:34 How can you learn more about the Boardroom Mastermind? Quotables “Get out of the mundane things and get into the things that ultimately are gonna allow you, over the course of the next few years, to actually prosper and build significant wealth.” “As long as you are the hustler, as long as you are wildly transactional, and as long as you're the guy that's driving the revenue each and every day, you don't get the opportunity to escape it.” “What I will never do with my time ever is waste it with one person who doesn't deserve it.” “Build a business, create a situation where you can buy your time back.” “The point is if you are actively involved in a transactional business, that is not a business. That is a job.” Links Website: The Boardroom Mastermind https://theboardroommastermind.com/ Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/
Discover how to navigate market downturns and protect your investments with lending expert Tim Herriage. Gain valuable insights into real estate financing as he shares his expertise, helping you avoid pitfalls and maximize your returns. Listen until the end to unlock the secrets of both stability and success in the world of real estate.Key Takeaways to Listen forKey aspects of a successful career you should know aboutExpert advice on how to grow your lending companyCurrent challenges to getting real estate loans for investorsWhy it's a great time to invest in today's real estate marketsHow preparing financial reserves makes life easier for investorsResources Mentioned in This EpisodeFederal Reserve Board The Power of One More by Ed Mylett | Kindle and HardcoverApartment Syndication Due Diligence Checklist for Passive Investor About Tim HerriageTim is an accomplished real estate investor, entrepreneur, and Marine Corps veteran. As the executive director at RCN Capital and host of The Uncontested Investing Show, he has spearheaded over $2 billion worth of transactions, including a diverse portfolio of residential and commercial properties. Tim actively expands his real estate collection while providing loans and expertise to fellow investors in the industry.Connect with TimWebsite: RCN Capital | Tim HerriagePodcast: Uncontested InvestingThreads: @timherriageLinkedIn: Tim HerriageInstagram: @timherriageFacebook: Tim Herriage, EntrepreneurTikTok: @timherriageTo Connect With UsPlease visit our website: www.bonavestcapital.com, and please click here, to leave a rating and review!SponsorsGrow Your Show, LLCThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams
Need rental property financing? What about an investor loan that won't stop your cash flow? It's tough in 2023. With high mortgage rates and many veteran investors predicting a commercial crash, finding funding for your deal might seem impossible; but you're probably looking for loans in the wrong place. Novice investors run off to the same lender that helped them get their primary home loan, while experienced investors know of loan products that most couldn't even dream of. To help get you a better mortgage, at a better rate, with less financing fatigue, is Caeli Ridge from Ridge Lending Group and Tim Herriage from RCN Capital, two of the most prominent investor lenders in the nation. Caeli and Tim know which loans work best for which investor, property, strategy, and price point. In this episode, they'll review loan products that could help you score better deals with fewer headaches, explain why today's high interest rates won't last, and uncover the REAL reason investors are giving up their low mortgage rates for more expensive mortgages. Caeli also goes in-depth on a new type of HELOC/home loan with lower interest costs that could benefit you IMMENSELY over the life of your loan. Tim also shares why he believes there WON'T be a commercial real estate crash and how financing investment properties could get even easier. If you're waiting to invest or want some signal that lower mortgage rates are returning, this episode is for you! In This Episode We Cover Investor-only loans that'll help you build a real estate portfolio faster Mortgage rate predictions and why top lenders don't think high rates will last Portfolio loans, blanket loans, and DSCR (debt service coverage ratio) loans explained A new type of HELOC that leaves you with a lower interest rate The commercial real estate “crash” and why top lenders DON'T think it'll happen Where to find the perfect investor-friendly lender for your next property And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Connect with Caeli and Ridge Lending: Ridge Lending Website Ridge Lending Email Phone: Call 855-74-RIDGE Connect with Tim and RCN Capital: Tim's BiggerPockets Profile Tim's Socials RCN Socials RCN Capital Website Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-123 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
With all of the news about real estate, is this the wrong time to invest? Should we wait until the smoke clears? Real estate investor and entrepreneur, Tim Herriage, joins us on our show to discuss what he's seeing real time. Tune in to find out what's REALLY going on in the market!
Join Nick Lamagna on The A Game Podcast with his guest Tim Herriage a former intelligence offer and Sgt in the US Marines corps turned entrepreneur and real estate investor. He has completed over $3 BILLION in real estate investment transactions, including buying 2,000 houses, 1,500 apartment units, 100,000 square feet of commercial space, and 10,000 loans to real estate investors. Tim built and sold six companies by the age of 40, taking Finance of America Public with Blackstone. Tim is currently the Executive Director at RCN Capital, a national, direct, private lender. providing commercial loans for the purchase or refinance of non-owner-occupied residential and commercial properties. The company specializes in new construction financing, short-term fix & flip and bridge financing, and long-term rental financing for real estate investors. You can find Tim following his passion as a chef, eating bbq, spending time with family as well as hosting his podcast The Uncontested Investing Show! He has a goal to be a billionaire and has risen to the top of everything he's committed to in and out of the military including being at one point the #1 Homevestors franchise in the country along the way he has managed to keep his integrity and stay true to his mantra of "Principles above all." Don't miss this great episode where Tim shares incredible insights on his victories and mistakes you can now benefit from. Topics for this episode include: ✅ How To Get The Confidence To Become A Millionaire ✅ Common mistakes when scaling a business ✅ What are the most profitable real estate markets to invest in ✅ Housing Market predictions for 2024 ✅ What do lenders look for investors when funding deals ✅ The difference between growing a busines vs scaling a business ➡️ ➡️ ➡️ Connect with Tim: timherriage.com Uncontested Investing Podcast Tim Herriage On Facebook Tim Herriage on Twitter Tim Herriage on Youtube Tim Herriage on Instagram Tim Herriage on LinkedIn Tim Herriage on Tiktok --- Connect with Nick Lamagna www.nicknicknick.com Text Nick (516)540-5733 Connect on ALL Social Media and Podcast Platforms Here FREE Checklist on how to bring more value to your buyers
The Real Estate Mastermind Live is a live podcast turned radio show created for real estate investors who want to learn directly from top experts in various asset classes. The Real Estate Mastermind Live is hosted by Seth Gershberg and Jay Tenenbaum of Scottsdale Mortgage Investments, along with Edward Brown of Pacific Private Money. Today's guest is Tim Herriage, the Executive Director at RCN Capital, and the host of The Uncontested Investing Show. Tim is not only a Marine Corps veteran but also a professional real estate investor and entrepreneur. He has been at the forefront of the Real Estate Investor (REI) space for over two decades. His accomplishments include being the Founder of 2020 REI Group, Co-Founder and Managing Director of Blackstone's B2R Finance (now Finance of America), Founder of the REI Expo, and a Franchisee and Development Agent for HomeVestors® of America. Tim remains an active investor, acquiring single-family and multifamily properties across the United States while serving as the Executive Director for RCN Capital. Remarkably, Tim has successfully established and sold six companies before turning 40, including recently taking Finance of America public with Blackstone. In this episode, we will explore the following topics:The top lessons learned from 22 years of investing.The importance of having a track record.Whether investors are currently pulling back.The battle between supply and demand: Which will prevail?Common mistakes investors make when borrowing from RCN Capital.The most exciting markets in 2023 that we should keep an eye on.Register to attend The Real Estate Mastermind Live by registering on our website using the link here: https://scottsdalemortgageinvestments.com/podcastLearn more about Scottsdale Mortgage Investments by visiting the website using the link here: https://scottsdalemortgageinvestments.com/Learn more about Pacific Private Money by visiting the website using the link here: https://www.pacificprivatemoney.com/Are you on LinkedIn? Connect with our co-hosts using the links below. Seth Gershberg - Connect on LinkedIn Jay Tenenbaum - Connect on LinkedIn Edward Brown - Connect on LinkedIn
Tim Herriage is executive director at RCN Capital, a leading nationwide lender for real estate investments. In this episode, Tim discusses how to improve your chances of getting capital, how to be profitable in the lending business, and how to build a legacy by tracking net worth vs. cashflow. Tim Herriage | Real Estate Background Executive director at RCN Capital Portfolio: 7,000 loans per year across 45 states Based in: South Windsor, CT Say hi to him at: timherriage.com Best Ever Book: Start with Why by Simon Sinek Greatest Lesson: Do one more, no matter what it is. If I had just kept one more home per year, it would be about $10 million more in net worth. Start keeping assets now, and let time do its thing. Click here to learn more about our sponsors: MFINCON BAM CAPITAL DEAL MAKER LIVE
Tim Herriage has over twenty years of real estate investing experience and knowledge. From starting out flipping houses in Dallas to completing over $1 billion in real estate transactions - he's the entrepreneur that's been through it all. Tim was a Co-Founder and Managing Director of Blackstone's B2R Finance, he founded the REI Expo and is currently the Executive Director of Retail Loan Development for RCN Capital. In this episode, Tim shares the ups and downs of his real estate investing career. We talk about how he got his start, his mentor Scott Horne, his experience during the housing market crash of 2008, the start of the REI Expo, how he was introduced into Blackstone, and where he is now in his career.
Dr. David Phelps is the founder of Freedom Founders, an exclusive real estate investing community dedicated to helping people achieve financial freedom through real estate the way he did. He is a retired dentist who transitioned from his practice to real estate investing to be with his family and he has been helping others do the same for years. Listen now to learn more about David, Freedom Founders, and what it took for him to go from having his own practice to achieving financial freedom with real estate! Key Talking Points of the Episode 00:00 Introduction 00:31 Who is David Phelps? 01:40 How did David come up with the idea of Freedom Founders? 04:06 What does David think investors should focus on today? 06:20 How can people position themselves well to achieve financial freedom? 09:45 What instills false confidence in people today? 12:22 How did David gain confidence to transition to real estate investing? 17:10 How did David's perspective on freedom change? 21:05 Where did David learn what he needed to get into real estate investing? 24:29 What does David help people realize? 26:16 What inspires David to continue helping people achieve financial freedom? 29:16 How is inflation affecting people's retirement today? 34:14 How much do property values appreciate over time? 37:33 What is David's advice to young investors today? 40:14 How has David impacted other people's lives? 41:23 How does David vet operators? 44:40 How important is tax strategy for David? 45:26 What is Freedom Founders? 47:48 How can people connect with David? Quotables “You have to be cognizant of the fact that the market's changing, it's shifting. Is that a bad thing? No, it's a good thing if you're positioned for opportunities.” “It gave me what I call optionality. That's what you want in your life and the sooner you can get that, the sooner your life can change and you can finally do what you want to do.” “If you don't like where you are, look at your environment, who you're hanging out with, and change that.” “Learn through other people. This is not rocket science, you don't have to go to school to get an MBA in Finance or Commercial Real Estate. You could do this yourself, with other people, and that's the best way to go.” Links Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/ Book: Inflation: The Silent Retirement Killer https://www.amazon.com/Inflation-Silent-Retirement-Killer-Extraction/dp/B0B2L1PWQC Website: Freedom Founders https://www.freedomfounders.com/
Paul Wakim is a real estate photographer and investor, and the CEO and co-founder of TwnSqr, a real estate tech company that helps investors find their sellers and buyers in an off-market marketplace. Today, Paul lives a very nomadic lifestyle with his wife, traveling around the country while running their businesses fully remote. Listen to this episode to learn more about Paul, how TwnSqr is innovating the real estate investing space, and what lessons he has learned through the years! Key Talking Points of the Episode 00:00 Introduction 00:40 How did Paul build his lifestyle today? 02:52 What is TwnSqr? 04:13 What does Paul think people should be focused on today? 06:06 What is Paul's background? 07:47 How did coding lead to some of Paul's proudest achievements in real estate? 09:36 How did Paul get into real estate? 12:11 What led Paul and his partner to build TwnSqr? 14:43 What are the struggles in TwnSqr today? 16:25 How many properties are in TwnSqr today? 17:37 What makes TwnSqr different from other similar platforms? 20:01 What kind of properties are people putting on TwnSqr? 22:00 What do you pay for when you use TwnSqr? 23:19 What is Paul hearing about today's market conditions? 26:00 What is Paul's advice to young investors today? 30:47 What is the biggest objection Paul received about TwnSqr? 32:39 How does TwnSqr help make the buyer experience more convenient? 35:11 What does the roadmap of TwnSqr look like? 36:00 What is the exit for TwnSqr? 37:03 How big is the TwnSqr team today? Quotables “At the time, I was like, okay a drone is cool and there's some really interesting stuff going on there, but I didn't really grasp what it meant to have technology under your control and coding taught me that.” “We went back to the world of wholesaling real estate investors because as people in technology or in start ups, we're looking for the place where we can really innovate.” “The key difference between any other platform and what you can do on TwnSqr is any asset that you upload to TwnSqr, you have complete control over who has access to it and how that's used.” “The main customer that we're monetizing right now are the wholesalers, the real estate investors who are posting the properties and who want to take advantage of our tools, but you don't have to.” Links Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/
Blake Carter is the co-founder of CRIBS Consulting, specializing in creative methods that allow real estate investors to cash flow in expensive markets. He made his way into real estate investing after high school and today, he is focused on creating cash flow through short-term rentals and helping other investors do the same. Listen to this episode to learn more about Blake, what CRIBS is all about, and how his short-term rentals are doing in today's market! Key Talking Points of the Episode 00:00 Introduction 00:31 Who is Blake Carter? 02:07 When did Blake decide to get into real estate? 04:19 How did Blake get into short-term rentals? 05:49 How did Blake and his partner come up with the idea for CRIBS? 06:41 What should investors be focusing on in 2023? 08:02 How have short-term rentals changed cash flow for real estate investors? 13:25 What has Blake learned about short-term and mid-term rentals over the years? 14:52 What are the operational hurdles that Blake had to overcome? 17:33 How does Blake address the cash flow concern for short-term rentals? 19:39 How can you find a good property manager for your short-term rentals? 21:18 How can virtual assistants help you self-manage your properties? 23:36 Where is CRIBS heading in the next few years? 26:27 What is Blake's advice for investors interested in short-term rentals? 27:48 Why is it important to focus on one thing at a time? 28:52 What is Blake's advice on designing short-term rentals? 30:37 How important are the relationships you have with your vendors? 32:22 What do people overcomplicate about short-term rentals? 33:10 What do people underestimate about short-term rentals? 34:20 How can you reach out to Blake and his team? Quotables “It's really understanding that there is an actual business aspect to it aside from the real estate.” “Understanding and learning about the business of hospitality and the business of short-term rentals before you jump right into it is really, really important.” “If someone's considering a management company, finding someone who is local but has a really good footprint on the area is important.” “You'll find your biggest return will be if you can focus all your time, energy, and money on one business and one goal, and then you can expand from there.” “It's important to hold them accountable and there are ways to hold them accountable, but you want to treat them well because they're the ones that are really running your business.” Links Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/ Website: CRIBS Consulting https://www.cribsconsulting.com/ Email: Blake Carter blakedoesrealestate@gmail.com
Travis Baucom is a real estate investor in Waco, TX, focused on self-storage syndications. He has been investing in real estate for years in single-family residential properties and recently made his way into commercial, specifically in self-storage properties. Listen to this episode to learn more about Travis, his transition from single-family to multifamily, and what he has learned along the way! Key Talking Points of the Episode 00:00 Introduction00:41 Who is Travis Baucom?01:57 What does Travis think investors should be focusing on today?02:46 What issues can investors run into when underwriting deals today?05:05 How was Travis' transition from single-family to multifamily?06:35 What is it like to get a funding for self-storage?08:04 How is Travis managing their pipeline for their self-storage investments?11:24 What opportunities can investors find in the self-storage industry?12:43 How did Travis break into the self-storage industry?16:33 What is it like to fund self-storage deals in today's market?18:05 What is the story behind Travis' first few multifamily properties?20:21 How did Travis transition from owning multiple single-family to self-storage?22:35 What should investors be doing to keep their businesses sustainable?24:07 How does Travis raise funds for his self-storage syndications?28:48 What is Travis' advice to young investors?30:52 Why do you need to take your ego out of the equation? 33:06 What does Travis do in his free time?35:48 What advice does Travis have for investors looking into self-storage?36:56 How can people get in touch with Travis? Quotables “When you look at deals, you need to be underwriting them a lot more conservatively than you have in the past.” “Attorneys, property managers, maintenance guys – all that can be contracted out so it's not on your payroll.” “The great thing is storage pays so well, cash flow wise. We don't have to buy a property this year to continue our lifestyle.” “There are 3,000 facilities in America – 70% of those are owned by mom-and-pop and the ones that aren't, 80% of those are owned by companies that are publicly traded on Wall Street.” “What you did is the same advice I give everyone. It's really first aid, it's triage. Stop the bleeding, protect the wound, treat for shock.” “Sometimes, you just have to understand that the good deal is just getting out of there.” Links Website: RCN Capitalhttps://www.rcncapital.com/podcast Website: REI INKhttps://rei-ink.com/ Website: Travis Baucomhttps://www.housetoempire.com
Ep #27 PT 1: Multifamily Investing- How to make Investment Loans work for you- With Tim Herriage| St. Louis, USA Tune into the inspiring, Level Up- Real Estate Investing Podcast , the #1 source for the best real estate investing tips where Robert Heyder talks with Tim Herriage on Multifamily investing and How to make investment loans for you! Outline of what we discuss: Single Family & Multifamily Syndication Where the market is headed Multifamily Deals Investment Loans Follow my instagram to stay up to date; @robert_heyder
Mohammed Diab is a Doctor of Pharmacy who was born and raised in Saudi Arabia. He moved to the US for a better future and today, he has left his career in healthcare to flip houses and own rental properties. Listen to this episode to learn more about Mohammed, his story, and how he built his real estate business shortly after migrating to the US from Sudan! Key Talking Points of the Episode 00:41 Who is Mohammed Diab?03:25 What does Mohammed have to say to our listeners?05:10 What was it like for Mohammed to change his career path?07:13 What was Mohammed's first real estate deal like?08:19 How is real estate in the US different from Sudan?09:18 How did Mohammed get comfortable with the idea of leverage?10:56 Why is it important for Mohammed to have multiple exit strategies?12:45 How did Mohammed adapt to working with contractors?13:45 What does Mohammed like about flipping and holding properties?15:46 What were Mohammed's first few years in real estate investing like?16:40 What made Mohammed decide to get into real estate investing full time?17:20 What are Mohammed's goals for his real estate investing business?18:45 What went wrong in Mohammed's first flip?19:54 What part of business does Mohammed enjoy the most?23:10 What is Mohammed's advice to young and new investors?24:00 How important has a plan been to Mohammed's success?25:10 What is Mohammed's advice to wholesalers?26:16 How important have relationships been to Mohammed's success?27:08 Where is Mohammed investing today?28:40 Where does Mohammed see himself in 10 years?29:23 What is Mohammed passionate about outside real estate?31:11 How can people reach out to Mohammed? Quotables “Everybody has a purpose, you just have to find it, grow it, and then go from there.” “Here's the thing, even if you're hiring a qualified professional but you don't have enough knowledge to manage them and know if they're doing it right or wrong, you're still going to be screwed.” “The flexibility, the financial freedom I'm getting into – it's amazing, it has great potential.” “Time is the most precious thing you have in life and once you have control over that, you've got it all.” “Get a mentor to do it right and avoid mistakes. Mistakes in business can be very costly and it can take you down.” “I don't see it as a job, I see it as a passion, so I don't see myself calling it work. I'll just be following my passion, doing what I love, and I see myself there.” Links Website: RCN Capitalhttps://www.rcncapital.com/podcast Website: REI INKhttps://rei-ink.com/ Phone: Mohammed Diab(469) 583 5063 Instagram: Mohammed Diabhttps://www.instagram.com/dr.diiab
David Olds is the founder of Ez REI Closings, a real estate wholesale company based in Chattanooga, TN. He moved to Chattanooga in the middle of the crash in 2009 and built his business from the ground up, and he is on the show today to share his story. Listen now to learn more about Ez REI Closings and the lessons David learned through the years as a real estate investor! Key Talking Points of the Episode 00:00 Introduction00:45 Who is David Olds?02:31 What is the story behind Ez REI Closings? 05:22 What does David think people should be focused on in today's market?07:06 How can wholesaling help you keep your business going? 10:47 Why did David decide to move to Chattanooga in 2009?17:43 What are we currently experiencing in today's market?18:56 How are David's customer-base at Ez REI Closings adapting to the market?20:18 What is a novation and how can you do it today?21:36 How much volume are investors doing in today's market?24:00 What is the challenge for wholesalers in this kind of market cycle?28:41 What is David's advice to young investors starting in the business?31:21 Why is it important to build your portfolio through cash flow?32:50 What makes single-family real estate the best asset class?34:52 Why should people buy and hold their real estate?36:02 How many closings does Ez REI Closings do a month?36:31 What is the biggest challenge people face when trying to scale their business?39:12 How important is it to hire someone to fill in your weaknesses?43:20 What is David's advice for real estate entrepreneurs?45:50 How can you reach out to David? Quotables “No matter what the market is, always be looking for opportunities to grab long-term cash flowing assets.” “I think a lot of our customers are experiencing, what I heard at a conference the other day, a reversion. It's not really a correction, it's definitely not a crash, but it's reverting back to normal.” “Anybody that's been around just a little bit and has a fully scaled-out business, they're doubling down right now.” “As soon as rates flatten and stabilize, it's going to be a feeding frenzy. It's going to be unbelievable.” “I promise you, keep some of these properties. Get some financing, buy Sub-To, learn creative financing – whatever you have to do, but build that portfolio so you can get to the end faster.” “It's, in my opinion, the best investment vehicle in the world because it's inflation indexed, it's residual income, and it has an underlying asset.” Links Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/ Website: Ez REI Closings https://www.ezreiclosings.com/
Ep #26 PT 1: Multifamily Investing- How to make Investment Loans work for you- With Tim Herriage| St. Louis, USA Tune into the inspiring, Level Up- Real Estate Investing Podcast , the #1 source for the best real estate investing tips where Robert Heyder talks with Tim Herriage on Multifamily investing and How to make investment loans for you! Outline of what we discuss: Single Family & Multifamily Syndication Where the market is headed Multifamily Deals Investment Loans Part 2 coming Feburary 3rd! Follow my instagram to stay up to date; @robert_heyder
2022 was a great year and as we conclude the first season of Uncontested Investing, I want to look back on all the experiences and lessons, so we can take them into 2023 and use them to grow further. Listen now to discover what I learned in 2022 and how these lessons and experiences have prepared me for this year! Key Talking Points of the Episode 00:00 Introduction 02:09 How can you help us provide more value? 03:42 What should you be focused on if you wanna succeed in business? 05:08 Why is it important to always have a plan? 06:01 What has changed since I started in real estate? 07:00 How can you ensure demand in real estate? 11:09 What happened to me in 2022? 12:24 What is so important about surrounding yourself with like minded people? 13:38 What benefits can you get from joining masterminds? 15:45 How did RCN Capital get through 2022? 16:59 What is the importance of believing in delayed gratification? 18:09 How can you plan for your success effectively? 22:01 What is the true value of networking? 23:46 How can you overcome the challenges you will encounter? 25:45 What should you do this year to achieve success? 26:21 How were we able to execute the plan to start this podcast? 30:09 Why shouldn't you be buying using the same numbers from 6-12 months ago? 31:01 Why is it still a good time to buy real estate today? 32:25 When should you be looking for money for your deals? Quotables “What I found after 21 years in this industry is you don't know what you don't know. No one knows everything and everyone knows something.” “The point is you've gotta have a plan and you've got to plan your work and work your plan, and don't let your work, work you.” “You should not be hoping or wishing, you should be planning.” “The thing about food, water, and shelter is as long as you provide a quality home at an affordable price, I think you'll always have demand.” “When you network and meet other people, you actually get on the ladder where they're at. You can skip all the wrongs that they had to climb.” “You have to wait, you have to have a plan, you have to work towards that end goal.” “Having a plan and delaying gratification is the number one way to be successful.” “Don't keep doing the same thing, expecting the same result – that's the key!” “Now is the time to formulate your plan. Now is the time to get your capital in a row, then go execute on your plan.” Links Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/ Instagram: Tim Herriage https://www.instagram.com/timherriage
Charlie Calise of Calise Partners and Imaginuity has decades of experience in data, analytics, and advertising and he's on the show with us today to talk about real estate investing, marketing and advertising, the economy, and so much more. Listen now to learn more about Charlie, his journey in business, and what he has learned through his years as a marketing and advertising expert and real estate investor! Key Talking Points of the Episode 00:30 Who is Charlie Calise?01:39 What businesses is Charlie running today?02:45 Where did Charlie's knowledge about data come from?04:00 How does Charlie optimize their data?05:40 What is Charlie's advice for real estate investors today?08:00 What can you get from compounding power, money, and time?11:02 What should you keep in mind when you're planning to scale?12:50 What influence does Charlie's father have on his career?15:34 How did Charlie get into real estate investing?16:09 What parallels from Charlie's early years is guiding him today?18:50 How is the market adjusting to the kind of economy we're in today?19:35 What kind of market are we really in today?21:19 What problems are we facing with tech companies today?23:44 What does Charlie think about the property technology industry?27:15 What is Charlie's advice to anyone looking to start a business today?28:16 Why does Charlie believe in working hard?30:58 What is it like for Charlie to work with his children?31:57 How does Charlie navigate being a wealthy man? Quotables “What we're in is a marathon and not a sprint, so take a long view. I'm making investment decisions today for great grandchildren 50 years from now that I'll never know.” “Don't stop at the headline, read the copy. Right now, what you're dealing with is “the market is crashing” and so forth – the market's not crashing, it's correcting, but if you stop at the headline, you'll be riddled with fear.” “If you think you're gonna keep one house this year, keep two. If you think you're gonna keep one this month, keep two. If you think you're gonna keep five this quarter, keep six.” “Here's the thing that I learned – when you talk about 10x-ing, that first 10x is the hardest.” “I've watched small entrepreneurs wash out day after day because they didn't have a solid business plan that's gonna make them money.” “Being an entrepreneur is not for the faint of heart. Work hard, it'll get you through every short fall that you've got.” Links Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/
Terrence Burner is the CEO and co-founder of Menace who has built multiple billion-dollar brands over the years. He has been in financial planning and real estate, and now he's on a mission to help businesses grow the way he grew his. Listen to this episode to learn more about Terrence, his new brand Menace, and how he found success in multiple businesses through the years! Key Talking Points of the Episode [00:41] Who is Terrence Burner?[01:35] What is Menace?[02:21] What did Terrence do before Menace?[04:36] What does Terrence have to say to listeners today?[06:25] Why is it important to be surrounded by the right people?[10:57] What was the transition mindset like for Terrence?[14:54] Why is it important to be open to learning new skills?[17:01] How can you take yourself to the next level?[21:26] What does it mean to be a menace for Terrence?[24:47] How does Terrence put execution over excitement?[27:10] What are the 3 most important things in business?[28:10] Who are the most dangerous people to be around?[29:55] Why is it important to be surrounded by the right kind of people?[33:44] What is it like for Terrence to build Menace with his best friends?[35:00] What is the message of Menace like to me? [40:20] What is Terrence's best advice for aspiring entrepreneurs?[43:07] What does it really mean to be a Menace in business?[44:57] Why is it important to pay attention to the market? [49:32] What can people expect from the next MenaceCon?[51:24] What value can entrepreneurs get from MenaceCon? Quotables “If you can get clear on the types of people you want in your life, everything else takes care of itself.” “You're always trying to get somebody to look so far into the future that sometimes, you forget what's going on right now.” “I'm not trying to preserve and create. Those are like trying to take a left and a right turn at the same time, like a tall short guy, a skinny fat guy – it doesn't make sense, it doesn't add up, they'll never align.” “Far beyond the financial commitment, it's a personal commitment of courage to do the things that you wanna do.” “Creativity follows commitment, so where your commitment is, you'll be creative in figuring it out.” “The key is once you hit the brakes, once you pivot, you can't stop because if you stop, momentum is dead.” Links Website: RCN Capitalhttps://www.rcncapital.com/podcast Website: REI INKhttps://rei-ink.com/ Website: MenaceConhttps://menacecon.com/
As Co-Founder and CEO of CityLife Realty Group, a real estate investment company located in Pittsburgh, Pennsylvania, Casey Quinn is not your average real estate investor. In his chat with host Tim Herriage, shares the strategies and methods that fast-tracked his financial success in real estate investing. He emphasizes the value of having a team and highlights the importance of chasing happiness, whatever that may mean for each individual in the organization. Learn the basic principles and values that Casey instills in his approach and the culture he builds for his organization. There's a lot to learn from Casey and his way of managing, investing, and planning for the future. Tune in to learn all about it.Love the show? Subscribe, rate, review, and share! REI INK – Magazine (rei-ink.com)
Tim Herriage is an active Real Estate Investor in Texas and Lender with RCN Capital. He will talk about how he has built his Real Estate Portfolio over time and how he plans to get to navigate this changing market. RCN Capital will Lend out $1.5 Billion this year to Real Estate Investors. He will share how to capitalize on the market in these changing times.
With the current market we're dealing with, raising money is a challenge for everyone, especially the investors. Many business owners make a mistake as they walk on a journey of a sale's mind instead of walking through a consumer's mind. In this episode, Brandon Brittingham shares how you can raise money with a business owner mindset to get through tough times. He also shares his experience on how he was willing to gamble to build a massive brand in the first recession. Tim Herriage took the chance to squeeze out some more insights from Brandon, not only about how he maintains trust from an ethical point of view but also how it impacts doing business. Tune in to this episode to gain more gems of wisdom from Brandon.Love the show? Subscribe, rate, review, and share! REI INK – Magazine (rei-ink.com)
Real Estate Investing With Jay Conner, The Private Money Authority
Today's guest is Tim Herriage, the Executive Director at RCN Capital and host of The Uncontested Investing Show. Tim is a leading figure in real estate investment and an experienced entrepreneur–possessing a great portfolio and six companies under his belt by age 40. Tim is an active investor who has routinely used Private Money, investing in over 2000 houses and 1500 apartment units. He joins us today to share his methods and his insights on the near future of the real estate market.Listen to the discussion in this episode of Private Money Academy.Key Takeaways:Tim's career before and after using Private Money.Tim's introduction to Private Money.The role of Trust in raising Private Money.Where to find Private Lenders.Why should you use Private Money even when you have the means to finance your own investments?On the state of the real estate market and its near future.Check out my book: 7 Reasons Why Private Money Will Skyrocket Your Real Estate Business and Help You Build Incredible Wealth!Get it here for FREE: www.jayconner.com/moneyguideConnect with Tim:Instagram: https://www.instagram.com/timherriage/Twitter: https://twitter.com/timherriageFacebook: https://www.facebook.com/timherriage/LinkedIn: https://www.linkedin.com/in/herriage/YouTube: https://www.youtube.com/c/timherriageTikTok: https://www.tiktok.com/@timherriageBusiness Website: www.RCNCapital.comBlog: https://timherriage.com/
Experience is the best education you'll ever have. Gonzalo Corzo is well familiar with this. Instead of taking the college route, he started his real estate career by working for a wholesale realtor brokerage for free for a year and a half. Soon after, Gonzalo equipped himself with the knowledge that came from that experience to grow and become a successful real estate investor. He is now the President of Cash Geeks and Host of The Cash Geeks Network Podcast, where he is not only investing but also helping others find success in the industry. Gonzalo joins Tim Herriage in this episode to take us deep into his journey, his thoughts on the ESBI Quadrant, and his advice to investors out there looking to succeed. He then discusses more wholesaling, selling to hedge funds, and transitioning to flips.Love the show? Subscribe, rate, review, and share! REI INK – Magazine (rei-ink.com)
Welcome to the Real Estate Ballers Show. Our guest today is Tim Herriage. Being in real estate for over 2 decades and having started and sold companies, Tim is here to share his views on the current market environment and the keyed ingredients to his success. Vee, the founder of REBallers, is a franchise owner and a Developmental Agent of HomeVestors “We Buy Ugly Houses”. Today, Vee is actively buying and selling properties in Houston, Austin, San Antonio, and Corpus Christi, TX while growing her rental portfolio of long-term and short-term rentals.Follow us on Social Media:Instagram @reballersFacebook: https://www.facebook.com/REBallersLinkedIn: https://www.linkedin.com/company/reballers/Join our community:https://www.facebook.com/groups/1764098016997548Wanna be on our show? Email info@reballers.comConnect with Tim :Facebook: https://www.facebook.com/timherriage/Twitter: https://twitter.com/timherriageInstagram: https://www.instagram.com/timherriage/LinkedIn: https://www.linkedin.com/in/herriage/Tiktok: https://www.tiktok.com/@timherriageWebsite: https://timherriage.com/ Please visit our sponsor, which made this episode possible: Buzz Vacation Rentals, a premier short-term and vacation rental manager in Houston and Galveston, helps investors to maximize earnings on their investment properties. https://buzzvacationrentals.com/If you enjoy the show, would you please leave us a short review on Apple Podcast? It takes less than a minute, and it really makes a difference in helping to spread the word. I also love to read them and share them with our guests!Disclaimer: All information, content, and materials available in these episodes are designed for educational and inspirational purposes only. We are not financial advisers. We only express our opinion based on our experience. Your experience may be different. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.#therealestateballersshow #reballers #timherriage
There's nothing wrong with working hard to grow your business. But as Tim says, the business is the vehicle, not the dream. One man who's got that concept down is Chad Weeden of Fusion Real Estate Investment Group. In this episode, Chad talks with Tim Herriage about how he's optimizing his real estate business to make time for what matters most: family. By automating processes, getting marketing down, and having a trusted team, Chad has built his business to function in a way where he can make spontaneous plans and still get things done. He even spent a month vacationing without his business missing a beat. If you want to learn how he did it, tune in to this episode! Be moved by Chad's philosophy and learn the strategies to help you live life to the fullest without compromising the growth of your business.Love the show? Subscribe, rate, review, and share! REI INK – Magazine (rei-ink.com)
For nearly two decades, Tim has been on the leading edge of the Real Estate Investor space. It includes being the Founder of the 2020 REI Group, the Founder of B2R Finance (a Blackstone Company), the Founder of the REI Expo, and a Franchisee and Development Agent for HomeVestors®️ of America. Through his ownership of various companies, Tim aggressively invests in single-family houses, primarily in the North Texas area. Tim has completed well over $1 Billion in real estate investment transactions, including the acquisition of more than 1,300 houses. In this episode, Pamela uncovers Tim's incredible journey to success. Among the highlights are:- What inspired Tim on his journey to where he is today?- Which certain circumstances in Tim's life taught him to be grateful?- What were the lessons and experiences Tim acquired while serving the Navy?- What are the challenges Tim has to face after his service? What led him to real estate?- What would be Tim's advice to his younger self based on the things he knew now?- What's coming up in Tim's world for the next six to twelve months?Listen to how Tim Harriage shares his remarkable story. Listen to the full episode here:- Apple iTunes: https://podcasts.apple.com/us/podcast/underdog/id1534385651- Spotify: https://open.spotify.com/show/6FbSDu0aNtuxAEiderUAfB- Website: https://theunderdogshow.comIf you found this story worth your time and made changes in your life, we'd love to hear from you! Subscribe and leave a review.Catch up with Tim on his social links here:- Website: timherriage.com- Facebook: www.facebook.com/timherriage- Twitter: twitter.com/timherriage- YouTube: www.youtube.com/c/timherriage- Instagram: www.instagram.com/timherriage- LinkedIn: www.linkedin.com/in/herriageThe Underdog Podcast host is none other than Pamela Bardhi. She's rocking the Real Estate Realm and has dedicated her life as a Life Coach. She is also Forbes Real Estate Council. To know more about Pam, check out the following:- Website: https://pamelabardhi.com- Instagram: https://www.instagram.com/pamela_bardhi- TikTok: https://www.tiktok.com/@pamela_bardhi
The housing market isn't in its most pristine state now, and many investors are running away or else crouching in a corner until times get better. Not Kevin Lee. Despite everything that's going on with high interest rates and inventory problems, Kevin stays optimistic that he can make the most of the opportunities out there. In this conversation with Tim Herriage, he talks about his philosophy of playing the long game in real estate, his tips on running an Airbnb business, and his general thoughts on the state of the market and where the opportunities lie. Kevin also shares with us a powerful message on how following your passion will help you achieve the financial freedom through real estate. Tune in for a quick hit of wisdom and inspiration from an insightful REI expert.Love the show? Subscribe, rate, review, and share! REI INK – Magazine (rei-ink.com)
The real estate market is shifting, which could mean different things for different asset classes. How do you measure risk and reward for your investments? Here to help guide you is Josh DeShong, the Founder/Investor/Chief Problem Solver at Josh DeShong Real Estate. Josh joins Tim Herriage to share why it's essential to understand the risk and rewards of every investment as we approach a change in the market. Some will do better, and some won't. Don't miss this episode so you can ready yourself with valuable expert tips and insight.Love the show? Subscribe, rate, review, and share! REI INK – Magazine (rei-ink.com)
The market is about to shift, and you have to be ready. Investment insurance is one way to do that. In today's episode, Tim Herriage chats with Corey Maxwell, Co-Managing Partner of Birmingham Insurance Group. With volatile market conditions, you must start thinking of ways to protect your business and assets. Corey is here to share his wisdom on how you can do just that. Plus, he gives valuable insights on what you should and shouldn't be doing for your business to succeed. Don't miss the golden nuggets from this episode, and tune in to get practical tips and mindset strategies that will position you for success.Love the show? Subscribe, rate, review, and share! REI INK – Magazine (rei-ink.com)
Stop Talking, Take Action, Get Results. Business and Personal Growth with Jen Du Plessis
This week listen as Jen sits down with guest Tim Herriage, Executive Director at RCN Capital. Tim shares with us his tips on developing high cash flow using combination strategies between traditional rentals and other income streams in the housing market. BIO: Tim Herriage is the Executive Director at RCN Capital and host of The Uncontested Investing Show. Tim is a professional real estate investor and entrepreneur. For two decades Tim has been on the leading edge of the Real Estate Investor (REI) space. This includes being the Founder of 2020 REI Group, Co-Founder and Managing Director of Blackstone's B2R Finance, Founder of the REI Expo, as well as a Franchisee and Development Agent for HomeVestors® of America. Tim has completed well over $1 Billion in real estate investment transactions, including the acquisition of more than 2,000 houses in his twenty-one-year career. Tim currently purchases and repositions approximately 50 homes per year in the Dallas market through his various real estate companies while serving as Executive Director for RCN Capital. Tim built and sold six companies by the age of 40 and enjoys empowering entrepreneurs and investors by sharing raw truths about the mistakes he has made. Connect with Tim: Website: https://rcncapital.com/ Social Media Handle: @timherriage on all platforms Learn more about your ad choices. Visit megaphone.fm/adchoices
Things aren't exactly breezy in the real estate market right now, so you have to get creative when it comes to investing. There are niches out there that are relatively untapped and yet are virtually immune to recession. Probate properties is one of these niches, and this is what Al Nicoletti specializes in. In this conversation with Tim Herriage, Al talks in detail about the journey he took in real estate and how he eventually found his niche in probate properties. He also tells us crucial things any investor who's thinking of giving probate a try should watch out for. Tune in and learn how creative thinking can get you success in real estate even when inventory is at an all-time low!Love the show? Subscribe, rate, review, and share! REI INK – Magazine (rei-ink.com)
Sharing my recent LIVE interview with my pal, Tim Herriage...where we discuss running a profitable investing business in both up and down market cycles. We have a ton of experience, and a long friendship...you'll like this one!
If you want to succeed in real estate, it's not enough to sit on the sidelines and learn everything. If you don't put all of that knowledge to work, you're not going to be able to do anything. You have to take action. Jawad Dashti the owner of TooDash CRE, likens it to playing Monopoly without knowing the rules. In this episode of Uncontested Investing, Jawad sits down with Tim Herriage to tell us how exactly this works for him. He also talks about making the “safe bet” in real estate and why you don't have to aim to beat the bigger players all the time. Tune in and get some real, actionable tips that will get you going on real estate even through these trying times!Love the show? Subscribe, rate, review, and share! REI INK – Magazine (rei-ink.com)
If you just found a good deal but got stuck with legalities, you can't miss this episode of Uncontested Investing! Logan Fullmer joins Tim Herriage and shares his journey from managing construction in the oil field to finding real estate success through discounted deals. Not too long after starting his real estate journey, Logan saw himself earning over a million dollars on a single deal! Tune in as he talks about how he invested in educating himself about property codes and researching case law and some insights into how curative title work and resourcefulness have helped him take calculated risks between profit margin and margin of safety and closing deals at discounted prices.Love the show? Subscribe, rate, review, and share! REI INK – Magazine (rei-ink.com)
Tim Herriage has been helping investors get their deals closed for the past 20 years. Discover his #1 secret to being a successful investor regardless of where their market's at.
Tim Herriage has been helping investors get their deals closed for the past 20 years. Discover his #1 secret to being a successful investor regardless of where their market's at.
Thanks for joining us on another episode of Eat, Sleep, Invest. In this episode, Tim Herriage joins Bryan Driscoll to discuss the function and importance of lenders for real estate investors. Tim has worked in investing for over twenty years. He buys houses in the Dallas area, owns Airbnbs, has multifamily units, and is the Executive Director of RCN Capital. The company provides loans for investors in 46 states. Since Tim is an investor and lender, he understands everything from investing for big companies and smaller investors just getting started. He shares examples and real-life experiences about many facets of having a business. Time and Bryan talk about: How Tim's company sets up tiers for borrowing money for investments The importance of dealing with a lender and other service providers who will communicate in ways your feel comfortable with and that are efficient Common problems and scenarios in which the lender will likely turn down the loan Why coming prepared and knowing your credit score can help you get a lender How getting rejected for a deal can be a sign that you should not go through with the deal because it won't be profitable Examples of how mistakes will be made, but you can work through the situation with your lender when you are open and honest Stretching yourself by trying new things to keep life interesting and challenge yourself Why ending with your why and living the balanced life you want is an integral part of having a business The importance of diversifying your business and building a team to free up your time and slow down the hustle, so you don't burn out The difference between investing in the future and flipping to have the money to do all the other things you are passionate about The types of loans investors can get for getting different types of properties The basic requirements for getting a loan from RCN Capital Learn more: RCNCaptial.com Call or text: 214-291-7150 therriage@rcncapital.com Bryanbbq.com
The Great Recession was a worldwide economic downturn in 2008 that caused devastating effects on real estate and every business in general. That's why we're joined today by Tim Herriage, sharing his story of resilience in the 2008 recession and how he prospers in the real estate industry up to this day. Stay tuned to learn how you can do the same in the current market situation, and learn about investment transactions, acquisitions, and more! Key Takeaways from this episode How to prepare and strengthen your business in a possible economic recession Predictions on interest rates' trajectory in the next few years How to deal with the current and future state of the inflation rate The importance of adapting the current generation's culture Refinancing cycle: Improvisation vs. desire What holds investors back from hitting the next level in their business References/Links Mentioned Failing Forward by John C. Maxwell | Hardcover and Paperback About Tim Herriage Tim Herriage is a professional real estate investor and entrepreneur. For two decades, Tim has been on the leading edge of the Real Estate Investor (REI) space. This includes being the Founder of 2020 REI Group, Founder and Managing Director of Blackstone's B2R Finance, Founder of the REI Expo, and a Franchisee and Development Agent for HomeVestors® of America. Tim has completed well over $1 Billion in real estate investment transactions, including the acquisition of more than 2,000 houses in his twenty-year career. Tim currently purchases and repositions approximately 50 homes per year in the Dallas, San Antonio, and Denver markets through his various real estate companies. Tim is currently an Executive Director for RCN Capital. Tim built and sold six companies by the age of 40 and enjoys empowering entrepreneurs and investors by sharing raw truths about the mistakes he has made. Connect with Tim Website: TIM HERRIAGE Instagram: @timherriage | @rcn_capital Twitter: @timherriage | @RCNCapital Facebook: Tim Herriage | RCN Capital YouTube: Tim Herriage | RCN Capital Tiktok: @timherriage Neil J. Timmins is on a mission to make a deep personal impact in the lives of his team members and business partners through his work as a real estate investor and mentor. He started as a traditional real estate agent where his team was recognized by the Wall Street Journal as a Top 100 team. Eventually, he made the transition from Realtor to full time investor. Over the course of his career, Neil has been involved in over $300,000,000 in real estate transactions. Neil's portfolio depth includes assets ranging from houses to industrial properties. Recently, Neil and his team launched the Legacy Impact Partner Program where they partner with fix and flip investors from around the country. Neil's team brings capital to fund and fix rehabs, operational expertise, and years of experience catapulting their partner's business to new heights. Want to partner? You can learn more and book a call with Neil at www.LegacyImpactPartners.com. Connect with Neil Website: Real Grit LinkedIn: Neil J. Timmins Facebook: Neil Timmins
Want to become financially free through real estate? Check out our eBook to learn how to jump start a cash flowing real estate portfolio here https://www.therealestateinvestingclub.com/real-estate-wealth-book In this episode of The Real Estate Investing Club I interivew Tim Herriage, investor who acquired more than 1,500 single-family investment properties and completed more than $1 billion in real estate transactions, predominately in the North Texas area. Tim Herriage is a real estate investor who has a great story to share and words of wisdom to impart for both beginning and veteran investors alike, so grab your pen and paper, buckle up and enjoy the ride. Want to get in contact with Tim Herriage? Reach out at .Enjoy the show? Subscribe to the channel for all our upcoming real estate investor interviews and episodes. ************************************************************************ GET INVOLVED, CONNECTED & GROW YOUR REAL ESTATE BUSINESS LEARN -- Want to learn the ins and outs of real estate investing? Check out our book at https://www.therealestateinvestingclub.com/real-estate-wealth-book CONNECT -- Want to join one of the most active Facebook Groups for Real Estate Investors? Click here to join: https://www.facebook.com/groups/2940993215976264 PARTNER -- Want to partner on a deal or connect in person? Email the host Gabe Petersen at gabe@therealestateinvestingclub.com or reach out on LinkedIn at https://www.linkedin.com/in/gabe-petersen/ GROW -- Want for us to bring you leads and run your real estate digital marketing? Reach out to our partner agency at https://www.therealestateinvestingclub.com/off-market-lead-generation-services WATCH -- Want to watch our YouTube channel? Click here: https://bit.ly/theREIshow MASTERY -- Want to learn how to master your life by mastering your health, wealth, relationships and spirit? Check out our sister podcast, Pursuing Greatness, at https://www.pursuinggreatnesspodcast.com ************************************************************************ABOUT THE REAL ESTATE INVESTING CLUB SHOW The Real Estate Investing Club is a podcast and YouTube show where real estate investing professionals share their best advice, greatest stories, and favorite tips as a real estate investor. Join us as we delve into every aspect of real estate investing - from self-storage, to mobile home parks, to single family flips and rentals, to multifamily syndication! #realestateinvesting #passiveincome #realestateSupport the show (https://paypal.me/GabrielWPetersen?locale.x=en_US)
On this episode of Business BBQ podcast, Tim Herriage talks about the the real estate market, and reviews data provided by the National Association Realtors. Taking a look at the month’s supply, it can be seen the supply stayed flat from July to August which is still lower than what’s been on the last twelve months. Available inventory is lower in 2020 than in 2019. The low supply on the market is really fueling price increases and appreciation.If you'd like to watch the video presentation, click here to find it on YouTube.Tim announced a new lending venture called InvestorWell where real estate funding has been made easier. He said the lending company is doing Fix and Flip Loans and Refinance Loans for investors. The lending company also offers short term bridge financing for those people who like to buy rental properties The bridge has a 24-month term so properties can be purchased, renovated, rented, seasoned and then you can get a portfolio refinance or pick them off one at a time. This is on almost every collateral type, not just single family. Thirty year rental loans are coming back fast, and are available on single family, condos, and town homes. You can lock in 30-year debt in your company name at a 75% LTV loan with an interest rate below 5%.Now, in the case of insurance, Tim said insurance rates are going up regardless of what coverage it may be and he’s been told that there will be annual increase most likely. It is highly recommended to evaluate your coverage amounts. Replacement costs have gone up, so you could be underinsured. It takes Tim less than 3 minutes to buy the insurance. Just simply log-in to the portal, hit get a quote, type in the address, type in how much you want to insure it for, quote will pop up and hit buy the policy, download PDF and email it to your lender and you’re good to go. Links: You can apply for your financing needs on https://investorwell.com/For the home insurance, check out https://www.reichoice.com/Follow my blog: TimHerriage.comReview NAR Data: NAR.realtorSell or buy discounted investment property: InstantEquity.comList your homebuying business in our online directory for free: BestHomeBuyers.comOnline real estate investor loans: InvestorWell.comInsurance for real estate investors: REIChoice.comConnect with Tim: https://www.youtube.com/c/timherriagehttps://www.facebook.com/timherriage/ https://www.facebook.com/groups/timherriage/
Tim Herriage has an interesting path into real estate investing and even more interesting path since he started. He started flipping once out of the military, worked extensively in the Homevestor's We Buy Ugly Houses brand, and helped start one of the first Wall Street hard money lending companies (B2R Finance). Lots of insight insights into how the we-buy franchises work and their hardcore approach to data and advertising.
On May 20th, I put together a panel of experts for a three hour webinar. The focus of the webinar was to discuss the impacts of COVID-19 on residential real estate investors. The event was centered around a keynote address by Dr. Mark Dotzour. Dr. Mark G. Dotzour is a real estate economist who served for 18 years as Chief Economist of the Real Estate Center at Texas A&M University in College Station. He has given more than 1,600 presentations to more than 295,000 people and has written over 90 articles for magazines and journals. His research findings have appeared in the Wall Street Journal, USA Today, Money Magazine and Business Week.First 30 Minutes: Introduction of speakersOne hour: Keynote Presentation: “The Economic Outlook for the Residential Real Estate Market” Mark DotzourThirty Minutes: Q&A with Mark DotzourOne Hour: Structured Panel discussing the presentation with all of the speakers and Q&AOur Keynote Speaker:Dr. Mark G. Dotzour is a real estate economist who served for 18 years as Chief Economist of the Real Estate Center at Texas A&M University in College Station. He has given more than 1,600 presentations to more than 295,000 people and has written over 90 articles for magazines and journals. His research findings have appeared in the Wall Street Journal, USA Today, Money Magazine and Business Week.Our Panelists: Kathy Fettke received her BA in Broadcast Communications from San Francisco State University and worked in the newsrooms of CNN, FOX, CTV and ABC-7. She’s past-president of American Women in Radio & Television. Rick Sharga is an accomplished Marketing executive with over 30 years of experience in consumer and business-to-business practice. Kevin Ortner is the president and CEO of Minneapolis-based Renters Warehouse, the nation’s largest and fastest-growing residential property management company. Ken Channell has focused his career on organizational development and helping franchisees and their teams focus on using their strength to develop profitable businesses.Daren Blomquist is Vice President of Market Economics for Auction.com. Tim Herriage is your host for this exciting, informative, and results oriented presentation.
During a call with one of my friends Tim Herriage, we discussed how you might calculate your down payment for an investment property. His premise was based on the idea that as you get into more complicated deals you should be more specific on knowing what the ratio of your rental income is against your debt service. My philosophy behind investing in single-family homes is to take a conservative approach in accumulating properties in good condition. If you do it that way then you are almost guaranteed to win without taking any unnecessary risks. Keep your finger on the pulse of the burgeoning Single Family Rental investment industry. Listen to learn new investing strategies, winning markets, and news about the SFR industry. Follow the podcast wherever you listen here: Itunes: https://itunes.apple.com/us/podcast/sfr-pulse-podcast/id1369755477?mt=2 Spotify: https://open.spotify.com/show/12MPVdN5vlCpU6qRJ8pkeg Castbox: https://castbox.fm/channel/SFR-Pulse-Podcast-id1352123?country=us Overcast: https://overcast.fm/itunes1369755477/sfr-pulse-podcast Podbean: http://ownamerica.podbean.com/ Learn More About Renters Warehouse On Our Website: https://linktr.ee/GSRand Watch My Video Content Here: Youtube: https://www.youtube.com/user/RandOnRealEstate Facebook: https://www.facebook.com/GregSRand/ Instagram: https://www.instagram.com/gsrand Connect With Greg Rand: LinkedIn: https://www.linkedin.com/in/gregrand/ Twitter: https://twitter.com/GSRand
This week I interviewed my friend Kevin Ortner. Kevin is the president and CEO of Renters Warehouse. During this 30 minute conversation Kevin and I discussed everything from the actual single family rental market, marketing and showing activity, and where he sees it going from here. It was nice to have a discussion with Kevin that was positive. Renters warehouse felt an obvious dip in late March, but Kevin's opinion is that they already see April rebounding. Both Kevin and I think that we are going to have a good summer, but we also know some of the things we've experienced will have lasting implications. This interview is one of our weekly webinars that REI masterminds has for its members. In response to the Coronavirus outbreak, I've made REI masterminds free until the end of May. All you have to do is visit TimHerriage.com and click on mastermind. Renters Warehouse manages my rental property, and I highly recommend them. If you would ever want a personal introduction to them, please reach out to me. I am always happy to refer you to the people that I work with directly in my business. I hope everyone staying safe, and finding positive lights during this strange time. As for me, I've been focused on spending more time with my family, of course cooking a lot of barbecue, and I've even been working on some of my flip projects myself. I have found it refreshing to get involved in the projects again, catch up on what material costs have done, and build things with my hands. Keep Cookin!Tim Herriage
In episode 110 I'm joined by Tim Herriage who shares his experience growing real estate businesses, how networking played a significant role in his development, and what he sees as the current opportunity in today's market.
Successful businesses always start with interesting stories about how they emerged. Scott talks to long-time friend and real estate investor, Tim Herriage, about how he quit the Marine Corps and made his way through real estate. Tim shares his struggles in the industry and how he survived a roller coaster of emotions when shutting down his own business. He also gets into real estate, his favorite barbecue in Texas, and evolving as an entrepreneur. Love the show? Subscribe, rate, review, and share! Here’s How » Join the Note Closers Show community today: WeCloseNotes.com The Note Closers Show Facebook The Note Closers Show Twitter Scott Carson LinkedIn The Note Closers Show YouTube The Note Closers Show Vimeo The Note Closers Show Instagram We Close Notes Pinterest
Welcome back to another episode of the Business and BBQ Podcast with Tim Herriage. On this episode, Tim interviews his friend Jeff Tennyson about entrepreneurship, work-life balance, organizational culture, and intentional leadership.Jeff has held basically every position in the book at organizations big and small, and the thing he has found that makes or breaks a company is its culture. Having a good culture where employees are respected, and the focus is on profit, growth, and fun is more impactful on the bottom line of the company than strategy every single time. Because of his diverse work experiences, Jeff has been able to observe great cultures as well as toxic ones, and he makes it his mission now, as the CEO of Lima One Capital to always foster an intentional and healthy culture. If you were to show up at their Greenville, SC, you might walk right into Bagel Mondays or Beer Cart Thursdays, which is not something that can be said of most companies.Lima One Capital is a nationwide lender to real estate investors who can apply for funding for (1) fix and flips, (2) rental properties, or (3) multifamily properties. Lima One currently has 130 employees, provides about 400 loans per month in 43 states, and is on track to loan over $1 billion this year. One of the other interesting and innovative aspects of their culture is the Leadership Lab meetings that occur once per month for Directors and above, where the focus is “fighting for the highest good of those we serve.” Out of this, Jeff created the customer service vision for Lima One where employees are to own every moment and invest in every opportunity.As he has gained more life experience, Jeff has been more intentional about adhering to a better work-life balance, prioritizing what is important to him during each season. He also talks about the pressure that many people feel to “have it all together”, but he brings up the point that no one knows what is going on in your back of stage even when your front of stage is picture perfect. To young entrepreneurs, Jeff emphasizes the importance of knowing what you want to measure and considering your capital base and the way that each decision might affect your risk profile. Having a handle on these two aspects of business and properly implementing your plan will help reduce a lot of the stress you might be carrying, and don’t forget that mistakes are only bad if you don’t learn from them.Links:Audible trial promotional link: https://www.audibletrial.com/thHubSpot promotional link: https://www.hubspot.com/th “Measure What Matters” book: https://amzn.to/2LH9txnConnect with Jeff: https://limaone.com/ https://twitter.com/jgtennysonConnect with Tim:https://timherriage.com/https://www.linkedin.com/in/herriagehttps://twitter.com/timherriagehttps://www.facebook.com/timherriage/https://www.facebook.com/groups/timherriage/https://www.instagram.com/timherriage/ With business questions: ask@timherriage.comWith BBQ questions: bbq@timherriage.com
Dallas has been a hot real estate market for the past 10 years or so. As you probably know, Rich and I were buying there back in 2005 and 2006, when California real estate prices were so high things just didn't make sense. Kind of like today. We weren't buying for appreciation. We didn't expect that to ever happen. We just bought for cash flow. And then prices took off over the past 5 years or so, just after we sold...Oops. Anyway, people are still asking me if Dallas is a good place to buy, and my answer is always: it depends. You can always find good deals in any market. Even in CA. But perhaps the bigger question is, is Dallas in a bubble and could that bubble pop? Today's guest is just the guy to tell us what's happening in Dallas today. Tim Herriage is CEO of the 2020 REI Group. And was the Founder and Managing Director of Blackstone’s B2R Finance, and the Founder of the REI Expo, which he sold. Tim has completed well over $1 Billion in real estate investment transactions, including the acquisition of more than 1,400 houses in his sixteen-year career. So he knows a thing or two about real estate investing and finance. Tim, welcome to the RWS. Thank you for joining me here. If you'd like to find out more about the Corevest blanket loan for SFR's, reach out to your investment counselor at RWN or if you are a member, just log in. If you don't have an IC but want one, it's easy and free. Just join at www.RealWealthNetwork.com
There's a ton of pent up interest in owning rental properties, but many do it all wrong...or get in without understanding some critical parts of the business. Today, Tim Herriage shares how to build a successful rental portfolio with us. Don't miss it...on FlipNerd.com! Get your copy of our FREE "Profiting with Rental Properties" Guide!
Tim Herriage's REI Expo has quickly become the largest, most impressive and respectful Real Estate Investing trade show and learning opportunity in America, with 4 shows annually from coast to coast. Watch our interview with Tim to learn more about the show, how it came about, and why you should think twice about missing it. Do you want to be a real estate investor but need step-by-step guidance to help get you started? The Investor Machine is a 90-day program with training, weekly tasks, bi-weekly group calls, and more! Schedule a free call to discuss your goals today!
Tim Herriage from Dallas is killing it! Get pumped with a quick best deal Friday! Do you have a deal to share? Go to this link ask.savvylandlord.me or go to www.savvyradioshow.com and leave a voice mail!
Tim was and is an integral part in helping Blackstone private equity group start B2R Finance which is helping thousands of investors like you and me borrow money with ease. This episode will blow your mind. Tim doesn't know it, he is one true entrepreneur that I revere! Tim is down to earth and I believe the bridge between Wall Street and the local investor getting it done on a daily basis. Contact Tim at http://www.2020rei.com/savvylandlord/ You will get a prospect in how to get involved in the game without using your own capital. Have a comment? Share it!! Go to this link ask.savvylandlord.me or go to www.savvyradioshow.com and leave a voice mail!
Flipping over 1200 Houses with real estate investor Tim Herriage. Tim has been investing in real estate for about 13 years. Tim educated himself and then jumped right into the business and took massive action. Tim uses all exit strategies when evaluating deals, including, Wholesaling, Fix & Flip and Cash Flow Properties. If you want […]