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Tim Herriage

👤 Person
310 total appearances

Appearances Over Time

Podcast Appearances

Wake Up to Wealth
Unveiling Real Estate Investment Strategies with Tim Herriage

And if you did your paperwork right and you complied with state laws, I do feel like it's very important. If you want to go down this rabbit hole, you really understand the state and federal laws that apply to it because you're offering consumer loans. So it, It's not as easy as it sounds, but there are people that do this for you as a service. But yeah, I mean, it's pretty juicy.

Wake Up to Wealth
Unveiling Real Estate Investment Strategies with Tim Herriage

And if you did your paperwork right and you complied with state laws, I do feel like it's very important. If you want to go down this rabbit hole, you really understand the state and federal laws that apply to it because you're offering consumer loans. So it, It's not as easy as it sounds, but there are people that do this for you as a service. But yeah, I mean, it's pretty juicy.

Wake Up to Wealth
Unveiling Real Estate Investment Strategies with Tim Herriage

And oftentimes though, Brandon, what I love about it, and I think people need to look at, it is a way to do no money down real estate investing because you can get into the deal with private money. You can get enough of a down payment to offset your out-of-pocket costs and

Wake Up to Wealth
Unveiling Real Estate Investment Strategies with Tim Herriage

And oftentimes though, Brandon, what I love about it, and I think people need to look at, it is a way to do no money down real estate investing because you can get into the deal with private money. You can get enough of a down payment to offset your out-of-pocket costs and

Wake Up to Wealth
Unveiling Real Estate Investment Strategies with Tim Herriage

And then you can sell that note and oftentimes either sell the whole note or part of the note or a couple of years worth of payments. There's so many options that allow you to recoup your out of pocket so that you can go do it again. And that's probably the best part of it in my opinion.

Wake Up to Wealth
Unveiling Real Estate Investment Strategies with Tim Herriage

And then you can sell that note and oftentimes either sell the whole note or part of the note or a couple of years worth of payments. There's so many options that allow you to recoup your out of pocket so that you can go do it again. And that's probably the best part of it in my opinion.

Wake Up to Wealth
Unveiling Real Estate Investment Strategies with Tim Herriage

Yeah. I mean, look, the hedge funds, as somebody was talking about it yesterday, I think it was Will Dennis. Ultimately, the reason they want an 80-20 split with you, if you're investing with them, is they want to turn $10 million four times a year, right? They don't want to place $10 million. They want $10 million to do $40 million. And

Wake Up to Wealth
Unveiling Real Estate Investment Strategies with Tim Herriage

Yeah. I mean, look, the hedge funds, as somebody was talking about it yesterday, I think it was Will Dennis. Ultimately, the reason they want an 80-20 split with you, if you're investing with them, is they want to turn $10 million four times a year, right? They don't want to place $10 million. They want $10 million to do $40 million. And

Wake Up to Wealth
Unveiling Real Estate Investment Strategies with Tim Herriage

Anytime you can demonstrate, back to the track record, that you have an ability to turn money over and recycle your capital, it makes you so much more attractive to high net worth individuals and outside investors.

Wake Up to Wealth
Unveiling Real Estate Investment Strategies with Tim Herriage

Anytime you can demonstrate, back to the track record, that you have an ability to turn money over and recycle your capital, it makes you so much more attractive to high net worth individuals and outside investors.

Wake Up to Wealth
Unveiling Real Estate Investment Strategies with Tim Herriage

You know, honestly, the number one is adaptability. The market will move on you. A project will go bad. A bank will stop lending. An investor will be unavailable. And you just cannot be stuck in your ways. You have to always be focused on seeing around the corner and finding solutions to your own problems and

Wake Up to Wealth
Unveiling Real Estate Investment Strategies with Tim Herriage

You know, honestly, the number one is adaptability. The market will move on you. A project will go bad. A bank will stop lending. An investor will be unavailable. And you just cannot be stuck in your ways. You have to always be focused on seeing around the corner and finding solutions to your own problems and

Wake Up to Wealth
Unveiling Real Estate Investment Strategies with Tim Herriage

You know, probably the same way you find for a motivated seller or in your realtor business, a retail seller. I think adaptability and always having a belief in a positive outcome is the number one thing that I learned in the Marine Corps. And then after that. It's got to be the power of a team because.

Wake Up to Wealth
Unveiling Real Estate Investment Strategies with Tim Herriage

You know, probably the same way you find for a motivated seller or in your realtor business, a retail seller. I think adaptability and always having a belief in a positive outcome is the number one thing that I learned in the Marine Corps. And then after that. It's got to be the power of a team because.

Wake Up to Wealth
Unveiling Real Estate Investment Strategies with Tim Herriage

I will take four Marines, over 20 civilians, anytime, any day, because they've not only proven they have the mental fortitude to get the job done, they've proven that they can work together in a team, collaborate, follow orders. And focus on getting the job done instead of how they feel. So if I have to pick two, it would be adaptability and teamwork.

Wake Up to Wealth
Unveiling Real Estate Investment Strategies with Tim Herriage

I will take four Marines, over 20 civilians, anytime, any day, because they've not only proven they have the mental fortitude to get the job done, they've proven that they can work together in a team, collaborate, follow orders. And focus on getting the job done instead of how they feel. So if I have to pick two, it would be adaptability and teamwork.

Wake Up to Wealth
Unveiling Real Estate Investment Strategies with Tim Herriage

You know, I think guys like us are always students first. And I'm always trying to learn. And I was on my way to Park City, Utah for spring break last year. And I re-listened to Simon Sinek's book, Start With Why. And I'm holding up an iPhone right now. I don't know what this thing costs. I know I'm getting a new one soon. I don't know what it costs. but I'm emotionally connected to it.

Wake Up to Wealth
Unveiling Real Estate Investment Strategies with Tim Herriage

You know, I think guys like us are always students first. And I'm always trying to learn. And I was on my way to Park City, Utah for spring break last year. And I re-listened to Simon Sinek's book, Start With Why. And I'm holding up an iPhone right now. I don't know what this thing costs. I know I'm getting a new one soon. I don't know what it costs. but I'm emotionally connected to it.

Wake Up to Wealth
Unveiling Real Estate Investment Strategies with Tim Herriage

I need it to do my job. I need it to function throughout my day. And if you look at Apple commercials, there's never a price on it. The new iPhone 16, they're advertising it like crazy, but there's no price. And it just, Simon talks about that in his book, the emotional connection people have with Apple and Nike and Coke. And it just hit me that lending...

Wake Up to Wealth
Unveiling Real Estate Investment Strategies with Tim Herriage

I need it to do my job. I need it to function throughout my day. And if you look at Apple commercials, there's never a price on it. The new iPhone 16, they're advertising it like crazy, but there's no price. And it just, Simon talks about that in his book, the emotional connection people have with Apple and Nike and Coke. And it just hit me that lending...