Tim Herriage

Yeah, so the crazy thing is, man, I get excited about this still, even though I've been dreaming of it for over two years now, and we just now launched the crowdfunding raise that allows us to let the everyday investor own part of it. So I got fed up a little bit. There's a ton of debt funds out there, like debt. DLP and all these other groups.

Yeah, so the crazy thing is, man, I get excited about this still, even though I've been dreaming of it for over two years now, and we just now launched the crowdfunding raise that allows us to let the everyday investor own part of it. So I got fed up a little bit. There's a ton of debt funds out there, like debt. DLP and all these other groups.

I mean, you can invest in their debt fund if you're an accredited investor. And then the problem is you only own the loans they give to that fund. And if that fund goes belly up, they can walk away and just form a new fund or they can use that fund to get where they're going and then get rid of the fund. And you have no upside, no continued interest in it.

I mean, you can invest in their debt fund if you're an accredited investor. And then the problem is you only own the loans they give to that fund. And if that fund goes belly up, they can walk away and just form a new fund or they can use that fund to get where they're going and then get rid of the fund. And you have no upside, no continued interest in it.

So I was looking at it. I was like, okay, I've never done a crowdfunding before. I was like, how can I make it where it's available to everyone? Even my customers just getting started. How can I make it available to everyone and not just Wall Street? I've made a lot of money with Wall Street.

So I was looking at it. I was like, okay, I've never done a crowdfunding before. I was like, how can I make it where it's available to everyone? Even my customers just getting started. How can I make it available to everyone and not just Wall Street? I've made a lot of money with Wall Street.

And it would be really easy to go raise $5 million from Wall Street. I mean, I had a guy at the conference I'm down here for on Tuesday offer me $20 million worth of buying loans. Yeah. We don't need money. The entire vision... is to make... So with the crowdfunding, you don't have to be accredited. I mean, you can put it on a credit card. Yeah, yeah. And buy shares in Ternus.

And it would be really easy to go raise $5 million from Wall Street. I mean, I had a guy at the conference I'm down here for on Tuesday offer me $20 million worth of buying loans. Yeah. We don't need money. The entire vision... is to make... So with the crowdfunding, you don't have to be accredited. I mean, you can put it on a credit card. Yeah, yeah. And buy shares in Ternus.

And it's Ternus Incorporated. It's like the real company.

And it's Ternus Incorporated. It's like the real company.

Right? I mean, it's the company that owns all the sub-companies. And we're starting an insurance company, a servicing company. We will raise some debt funds because I've got some rich buddies that would love to drop, you know, a million bucks in and make a 10% cash flow type yield. But for now... Before I did any of that, I had to make sure it was available to the masses.

Right? I mean, it's the company that owns all the sub-companies. And we're starting an insurance company, a servicing company. We will raise some debt funds because I've got some rich buddies that would love to drop, you know, a million bucks in and make a 10% cash flow type yield. But for now... Before I did any of that, I had to make sure it was available to the masses.

I would rather have 1,000 shareholders own 1,000 shares than three institutions own 10% of my company and get to tell me what to do. That's right.

I would rather have 1,000 shareholders own 1,000 shares than three institutions own 10% of my company and get to tell me what to do. That's right.

Yeah.

Yeah.

Well, and don't forget, you put it on Instagram last year. We have a really small package. It was like the best, worst compliment ever. It's like Tim Harris has a small package. It's great. I'm like, I think. I guess. Right. But we don't have to securitize our loans. Yeah. So I just have to make sure that if you don't pay me, I can foreclose.

Well, and don't forget, you put it on Instagram last year. We have a really small package. It was like the best, worst compliment ever. It's like Tim Harris has a small package. It's great. I'm like, I think. I guess. Right. But we don't have to securitize our loans. Yeah. So I just have to make sure that if you don't pay me, I can foreclose.

So my loans can be more simple and straightforward, much more like a traditional hard money. And it's great like that because I already have capital partners like we will give you millions of dollars, but you're going to need to pull credit. I said, no, I don't. I don't because- My partners, Bill and Tom, and I have enough money to not need Wall Street's money.

So my loans can be more simple and straightforward, much more like a traditional hard money. And it's great like that because I already have capital partners like we will give you millions of dollars, but you're going to need to pull credit. I said, no, I don't. I don't because- My partners, Bill and Tom, and I have enough money to not need Wall Street's money.