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Tim Herriage

👤 Person
310 total appearances

Appearances Over Time

Podcast Appearances

The Science of Flipping
F*ck Big Banks: How This Man is Flipping the Lending System | Tim Herriage

Because it's easy, you get up in your office and you're looking at the paper and you start making these decisions and you forget about the realtor, the title agent, the investor, the contractors, their acquisitions people, their dispo people, all the people counting on us. In 100 loans, we were kind of just guessing everything.

The Science of Flipping
F*ck Big Banks: How This Man is Flipping the Lending System | Tim Herriage

Because it's easy, you get up in your office and you're looking at the paper and you start making these decisions and you forget about the realtor, the title agent, the investor, the contractors, their acquisitions people, their dispo people, all the people counting on us. In 100 loans, we were kind of just guessing everything.

The Science of Flipping
F*ck Big Banks: How This Man is Flipping the Lending System | Tim Herriage

We probably impact two or three thousand families between all the contractors and the supply people and the realtors and the title agents and the insurance people. And I mean, there's just a lot of people that real estate influences. So kind of that's one of our mantras is don't forget the people behind the paper.

The Science of Flipping
F*ck Big Banks: How This Man is Flipping the Lending System | Tim Herriage

We probably impact two or three thousand families between all the contractors and the supply people and the realtors and the title agents and the insurance people. And I mean, there's just a lot of people that real estate influences. So kind of that's one of our mantras is don't forget the people behind the paper.

The Science of Flipping
F*ck Big Banks: How This Man is Flipping the Lending System | Tim Herriage

So it's kind of a funny origin story. I don't even know if I'd come up with it yet when you and I were flying back from Austin, the name. I was reading Simon Sinek's book, Start With Why, for the second time. And it talked about kind of everything's in threes, everything's in threes.

The Science of Flipping
F*ck Big Banks: How This Man is Flipping the Lending System | Tim Herriage

So it's kind of a funny origin story. I don't even know if I'd come up with it yet when you and I were flying back from Austin, the name. I was reading Simon Sinek's book, Start With Why, for the second time. And it talked about kind of everything's in threes, everything's in threes.

The Science of Flipping
F*ck Big Banks: How This Man is Flipping the Lending System | Tim Herriage

And I thought, okay, if I want this product to sell itself from the inside out, the product has to align with the customer's kind of core reasons. And I kind of worked on it. And I would imagine the 100,000 people that listen to this, the three things they'll all have in common is number one, they want to make money.

The Science of Flipping
F*ck Big Banks: How This Man is Flipping the Lending System | Tim Herriage

And I thought, okay, if I want this product to sell itself from the inside out, the product has to align with the customer's kind of core reasons. And I kind of worked on it. And I would imagine the 100,000 people that listen to this, the three things they'll all have in common is number one, they want to make money.

The Science of Flipping
F*ck Big Banks: How This Man is Flipping the Lending System | Tim Herriage

Number two, they want to make passive income or cash flow, say it different, whatever. And then number three, they want to build a legacy or long-term wealth for their family. And that's really like the three most common denominators of everyone that ever gets in this business. And I, anyway, that bounced around my head, bounced around my head. And I started looking for like threefold.com.

The Science of Flipping
F*ck Big Banks: How This Man is Flipping the Lending System | Tim Herriage

Number two, they want to make passive income or cash flow, say it different, whatever. And then number three, they want to build a legacy or long-term wealth for their family. And that's really like the three most common denominators of everyone that ever gets in this business. And I, anyway, that bounced around my head, bounced around my head. And I started looking for like threefold.com.

The Science of Flipping
F*ck Big Banks: How This Man is Flipping the Lending System | Tim Herriage

Like really just trying to align with the three core pillars that, and I wasn't available. Some other dude had it. And then I was playing with it. So I got on chat GPT and I'm like, what's Latin for threefold. Give me a bunch of different variations. And Ternus is actually Latin for threefold. So I go to GoDaddy. I'm going to buy Ternus.com. Yeah, it wasn't available.

The Science of Flipping
F*ck Big Banks: How This Man is Flipping the Lending System | Tim Herriage

Like really just trying to align with the three core pillars that, and I wasn't available. Some other dude had it. And then I was playing with it. So I got on chat GPT and I'm like, what's Latin for threefold. Give me a bunch of different variations. And Ternus is actually Latin for threefold. So I go to GoDaddy. I'm going to buy Ternus.com. Yeah, it wasn't available.

The Science of Flipping
F*ck Big Banks: How This Man is Flipping the Lending System | Tim Herriage

Hire the domain broker because now I'm sold on it. And I'm like you. Once I decide I'm going to do something, I'm like, yeah, I'm done. I offer them $3,000. They say no. I offer like $6,000. They say no. I offer like $8,000. They say no. I'm like, man, maybe I need to find a different name because I don't even have a company yet, right? Yeah.

The Science of Flipping
F*ck Big Banks: How This Man is Flipping the Lending System | Tim Herriage

Hire the domain broker because now I'm sold on it. And I'm like you. Once I decide I'm going to do something, I'm like, yeah, I'm done. I offer them $3,000. They say no. I offer like $6,000. They say no. I offer like $8,000. They say no. I'm like, man, maybe I need to find a different name because I don't even have a company yet, right? Yeah.

The Science of Flipping
F*ck Big Banks: How This Man is Flipping the Lending System | Tim Herriage

But about a week later, the guy calls, the domain broker says, give me 15K and you can have it this week. So the broker calls me. I grab the Amex. I pay for it. My wife gets a text from Amex. Your husband just spent $15,000 at GoDaddy. He calls me like, what the fuck are you doing, man? I'm like, it's that new business idea. She goes, Tim. It's like, but I know. It's an idea.

The Science of Flipping
F*ck Big Banks: How This Man is Flipping the Lending System | Tim Herriage

But about a week later, the guy calls, the domain broker says, give me 15K and you can have it this week. So the broker calls me. I grab the Amex. I pay for it. My wife gets a text from Amex. Your husband just spent $15,000 at GoDaddy. He calls me like, what the fuck are you doing, man? I'm like, it's that new business idea. She goes, Tim. It's like, but I know. It's an idea.

The Science of Flipping
F*ck Big Banks: How This Man is Flipping the Lending System | Tim Herriage

So the answer is they can go to Ternus.com. I wanted a short URL that meant something. Yeah. And not about capital, not about finance, because that's not what we do. Yeah. So Ternus.com, they can get all the information. But yeah, so Ternus is Latin for threefold, because by our existence- The customer can do loans with us and make money on flips.

The Science of Flipping
F*ck Big Banks: How This Man is Flipping the Lending System | Tim Herriage

So the answer is they can go to Ternus.com. I wanted a short URL that meant something. Yeah. And not about capital, not about finance, because that's not what we do. Yeah. So Ternus.com, they can get all the information. But yeah, so Ternus is Latin for threefold, because by our existence- The customer can do loans with us and make money on flips.

The Science of Flipping
F*ck Big Banks: How This Man is Flipping the Lending System | Tim Herriage

They can buy rental property with us and build passive income and cashflow. And then now they can actually have shared ownership in the company, which allows them to help me

The Science of Flipping
F*ck Big Banks: How This Man is Flipping the Lending System | Tim Herriage

They can buy rental property with us and build passive income and cashflow. And then now they can actually have shared ownership in the company, which allows them to help me