Tim Herriage

I get goosebumps as I say this every time because I tell the team, we make millionaires. You know, when I got out of the Marine Corps, I wanted to be a cop. I was going to be a cop, then a state trooper, then a Texas Ranger. I feel like you would have killed that also. I would have, but I would not.

I get goosebumps as I say this every time because I tell the team, we make millionaires. You know, when I got out of the Marine Corps, I wanted to be a cop. I was going to be a cop, then a state trooper, then a Texas Ranger. I feel like you would have killed that also. I would have, but I would not.

be flying around the way i fly around that's right that's no doubt but i mean that's what i wanted to do in in in i found real estate i got in as a project manager then i was an acquisitions guy for a home investors franchise then i partnered up with my partners then i met my wife and then we went out on it together and we have you know the ed mylet book the one and we have changed the course of our family with this business yeah and the fact that we get to help others do it

be flying around the way i fly around that's right that's no doubt but i mean that's what i wanted to do in in in i found real estate i got in as a project manager then i was an acquisitions guy for a home investors franchise then i partnered up with my partners then i met my wife and then we went out on it together and we have you know the ed mylet book the one and we have changed the course of our family with this business yeah and the fact that we get to help others do it

It makes me so happy. And that's why we will loan to a first-time investor just like they're an experienced investor.

It makes me so happy. And that's why we will loan to a first-time investor just like they're an experienced investor.

Dude, just glad to be here.

Dude, just glad to be here.

Yeah, I'm trying to undo the problem I created.

Yeah, I'm trying to undo the problem I created.

I mean, yeah, I get it. You know, it's part of my lesson in life has been everyone gets their money from somewhere. And during the Great Recession, I was an active flipper and money dried up for investors. So 10 years ago, 11 years ago, I partnered with Blackstone to start a company called B2R Finance. I know them well. Which became Finance of America, which we took public in 2021.

I mean, yeah, I get it. You know, it's part of my lesson in life has been everyone gets their money from somewhere. And during the Great Recession, I was an active flipper and money dried up for investors. So 10 years ago, 11 years ago, I partnered with Blackstone to start a company called B2R Finance. I know them well. Which became Finance of America, which we took public in 2021.

And in that 11-year period, now investors don't realize. So in 08, 09, there was no Wall Street money for flippers. Now, almost 95% of the money flippers use comes from Wall Street.

And in that 11-year period, now investors don't realize. So in 08, 09, there was no Wall Street money for flippers. Now, almost 95% of the money flippers use comes from Wall Street.

Dude, it's brutal to use. They deem your credit every other week. They, you know, appraisals take two months. And all of a sudden, you know, now an appraisal is like $900. I don't even know how that works. That's right. But no, I mean, we just, it started off with the concept of if I can, because I buy houses, you know, I've bought a couple thousand. If I can buy a house with pictures and comps.

Dude, it's brutal to use. They deem your credit every other week. They, you know, appraisals take two months. And all of a sudden, you know, now an appraisal is like $900. I don't even know how that works. That's right. But no, I mean, we just, it started off with the concept of if I can, because I buy houses, you know, I've bought a couple thousand. If I can buy a house with pictures and comps.

Why can't I make a loan on a house with pitchers and cops? That's right. And that was kind of the entire beginning of the company. And here we are 13 months later and it's working.

Why can't I make a loan on a house with pitchers and cops? That's right. And that was kind of the entire beginning of the company. And here we are 13 months later and it's working.

Well, I'm like so many of the people listening to this. I mean, my wife and I still actively buy, flip, keep rentals. She still loves short-term rentals, midterm rentals. And we just really know what it's like to be on the other side of the closing table. And I say it to my team all the time. I'm like, never forget the people behind the paper. Mm-hmm.

Well, I'm like so many of the people listening to this. I mean, my wife and I still actively buy, flip, keep rentals. She still loves short-term rentals, midterm rentals. And we just really know what it's like to be on the other side of the closing table. And I say it to my team all the time. I'm like, never forget the people behind the paper. Mm-hmm.