{"id":8792,"date":"2023-07-07T07:00:00","date_gmt":"2023-07-07T14:00:00","guid":{"rendered":"https:\/\/moneyripples.com\/?p=8792"},"modified":"2023-07-08T01:29:01","modified_gmt":"2023-07-08T08:29:01","slug":"is-real-estate-doomed-in-the-near-future-with-guest-tim-herriage-728","status":"publish","type":"post","link":"https:\/\/moneyripples.com\/money-ripples-st\/?p=8792","title":{"rendered":"Is Real Estate Doomed In The Near Future With Guest Tim Herriage | 728"},"content":{"rendered":"<p>\u00a0<\/p>\n<p>With all of the news about real estate, is this the wrong time to invest? Should we wait until the smoke clears?<\/p>\n<p>Real estate investor and entrepreneur, Tim Herriage, joins us on our show to discuss what he&#8217;s seeing real time. Tune in to find out what&#8217;s REALLY going on in the market!<\/p>\n<p style=\"text-align: center;\">&#8212;<\/p>\n<h3>Watch the episode here<\/h3>\n<p><iframe title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/IMCgOTgQpC0?rel=0\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>\u00a0<\/p>\n<h3>Listen to the podcast here<\/h3>\n<p><iframe src=\"\/\/percolate.blogtalkradio.com\/offsiteplayer?hostId=709401&amp;episodeId=12244368\" width=\"100%\" height=\"180px\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>\u00a0<\/p>\n<h2>Is Real Estate Doomed In The Near Future With Guest Tim Herriage<\/h2>\n<p><strong>The show is for you. Those that work so freaking hard for your money and you\u2019re now ready for your money to start working harder for you. You want that freedom and cashflow today, not 30 or 40 years from now. You want it right now so you can live that life that you love, doing what you love and, most importantly, doing it with whom you love.<\/strong><\/p>\n<p><strong>This is not just about getting rich. It\u2019s about living a rich life because as you are blessed financially, you have a greater capacity to create a ripple effect through the lives of others. That is exactly what I\u2019m here to do today. Thank you so much for allowing us to create that ripple effect in your own lives and for tuning in. You\u2019ve been binging and sharing. Thank you so much.<\/strong><\/p>\n<p><strong>Shout out to our own clients as well. Those that are in the Money Ripples program and the VIP clients, shout out to you guys. You guys have been ripping it up. I love seeing the fact that some of you guys are 20% on the way to your freedom goal. Some of you guys are already over 100% of your freedom goal. Thank you so much for you guys tuning in, even though you hear me all the time. As a reminder, if you haven\u2019t done this already, go to our website <\/strong><a href=\"https:\/\/moneyripples.com\/money-ripples-st\/\" target=\"_blank\" rel=\"noopener\"><strong>MoneyRipples.com<\/strong><\/a><strong>. Take the <\/strong><a href=\"https:\/\/moneyripples.com\/money-ripples-st\/cashflow-calculator\/\" target=\"_blank\" rel=\"noopener\"><strong>Passive Income Calculator<\/strong><\/a><strong> and find out how much passive income you could actually create in the next twelve months. It\u2019s pretty cool. You got to check that out right now.<\/strong><\/p>\n<p><strong>I brought on a really special guest here today. It is somebody that I\u2019ve gotten to know in our mastermind circles, Tim Herriage.<\/strong> <strong>One thing you got to understand about him is he is the executive director of <\/strong><a href=\"https:\/\/www.rcncapital.com\/\" target=\"_blank\" rel=\"noopener\"><strong>RCN Capital<\/strong><\/a><strong>. He\u2019s also the host of the <\/strong><a href=\"https:\/\/timherriage.com\/shows\/uncontested-investing\/\" target=\"_blank\" rel=\"noopener\"><strong>Uncontested Investing<\/strong><\/a><strong> show, which you should check out. It\u2019s something I\u2019ve actually been on as well.<\/strong><\/p>\n<p><strong>He\u2019s in a lot of different real estate businesses. This is why I\u2019m bringing him on because I want to get his perspective on what\u2019s going on. He\u2019s been in the real estate investor space for a couple of decades, but most importantly, he\u2019s also in REI circles with real estate investors that way. He\u2019s also the Founder of the 2020 REI Group. He\u2019s a Cofounder and Managing Director of what now is <\/strong><a href=\"https:\/\/www.foacommercial.com\/\" target=\"_blank\" rel=\"noopener\"><strong>Finance of America<\/strong><\/a><strong>.<\/strong><\/p>\n<p><strong>He is also the Founder of the REI Expo. Have you ever been to that? Not to mention, he has been a franchisee and development agent for the Home Investors of America. This guy has his finger on the pulse, and that\u2019s exactly what we want. I want to challenge whatever the media\u2019s been telling you because that\u2019s probably why most people get stuck and never being wealthy. That\u2019s why I brought Tim on here today.<\/strong><\/p>\n<p style=\"text-align: center;\">&#8212;<\/p>\n<p><a href=\"https:\/\/www.rcncapital.com\/\" target=\"_blank\" rel=\"noopener\"><strong>Tim<\/strong><\/a><strong>, thanks for joining our show today.<\/strong><\/p>\n<p>Chris, how are you?<\/p>\n<p><strong>I am fantastic. I am glad to have you on. Give us a little bit more on your background. You\u2019ve had a few decades of experience in the real estate space like I have as well, but go deeper. Tell us more of your story.<\/strong><\/p>\n<p>I went to the Marine Corps right out of high school. I got a job selling life insurance. After that, I realized that wasn\u2019t any fun.<\/p>\n<p><strong>That\u2019s awesome. Maybe we should talk about infinite banking on the show. I love it.<\/strong><\/p>\n<p>From there, I got a job as a project manager for a house flipper here in Dallas. That was the beginning of the time in the industry. My parents built houses when I was a kid. I started doing his project management and his owner-finance sales. He taught me the acquisition part about a year into doing that. I went and, like everybody, got enough information and wanted to go out on my own. I partnered up with a local hard money lender and started building a big owner-finance note portfolio.<\/p>\n<p>A couple of years after that, my wife sold me a house, so I partnered with her and left the other partnership. The year before The Great Recession, we did 143 flips and almost lost everything we ever had in \u201808 and \u201809. We made it through without any foreclosures and are still married. Those are two things that a lot of people didn\u2019t do.<\/p>\n<p>I started the REI Expo and sold it to Think Realty. I met the guys at Blackstone and started B2R Finance. I merged that with Finance of America and took it public in \u201821. Now, I\u2019m the Executive Director at <a href=\"https:\/\/www.rcncapital.com\/\" target=\"_blank\" rel=\"noopener\">RCN Capital<\/a>. I\u2019ve been borrowing from RCN for about 5 or 6 years now, maybe longer than that. Jeff Tesch, the Founder and CEO, is a great friend of mine. After we took FOA public, he called me and said, \u201cDo you want to do it again?\u201d I said, \u201cYeah. Why not?\u201d<\/p>\n<p><strong>You\u2019ve gone around. I\u2019m saying this in the least sleazy Mac Daddy way possible. You\u2019ve had a lot of experience in this space and what\u2019s been going on here. I want to go back to getting your teeth kicked in a little bit with the flips. It\u2019s awesome that you were able to come out of that unscathed. I didn\u2019t. I came out with over $1 million in debt and had to pay that back. I kept my marriage intact at least to a certain point, but it was rough on the marriage, too. Tell us more about that. How were you able to pull through?<\/strong><\/p>\n<p>I\u2019ve got a great wife. She won\u2019t ever tune in to this. I\u2019m not saying that to kiss up to her. We shifted. We went to the HomeVestors convention that December and they gave us the book <a href=\"https:\/\/www.amazon.com\/Who-Moved-My-Cheese-Mazing-ebook\/dp\/B004CR6AM4\" target=\"_blank\" rel=\"noopener\"><em>Who Moved My Cheese?<\/em><\/a>. I read it and listened. I\u2019ve always been the kind of person that go around and ask for advice and opinions from people. I started diving in. The biggest thing is I took massive action quickly. A lot of people were ignoring the real impact that the issues were going to have on them, whereas I listened to the whys.<\/p>\n<span class='bctt-click-to-tweet'><span class='bctt-ctt-text'><a href=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Fmoneyripples.com%2Fmoney-ripples-st%2F%3Fp%3D8792&#038;text=I%20took%20massive%20action%20quickly.%20A%20lot%20of%20people%20were%20ignoring%20the%20real%20impact%20that%20the%20issues%20were%20going%20to%20have%20on%20them%2C%20whereas%20I%20listened%20to%20the%20whys.&#038;related\" target=\"_blank\" rel=\"noopener noreferrer\">I took massive action quickly. A lot of people were ignoring the real impact that the issues were going to have on them, whereas I listened to the whys. <\/a><\/span><a href=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Fmoneyripples.com%2Fmoney-ripples-st%2F%3Fp%3D8792&#038;text=I%20took%20massive%20action%20quickly.%20A%20lot%20of%20people%20were%20ignoring%20the%20real%20impact%20that%20the%20issues%20were%20going%20to%20have%20on%20them%2C%20whereas%20I%20listened%20to%20the%20whys.&#038;related\" target=\"_blank\" class=\"bctt-ctt-btn\" rel=\"noopener noreferrer\">Share on X<\/a><\/span>\n<p>We had 38 vacant houses in August of \u201807 when the crash happened. That\u2019s the crash. Everybody remembers \u201808, but August \u201807 is when the subprime market imploded. I called a good friend of mine, and we were in another mastermind together. Masterminds have always been a big part of my life. I said, \u201cJeff, what does this mean?\u201d He goes, \u201cWe\u2019re effed.\u201d I was like, \u201cCan you expand on that?\u201d He was like, \u201cWe\u2019re effed. Sell everything you have.\u201d I was like, \u201cGreat,\u201d and I did it. I started dropping the prices, taking losses, and offloading inventory. When money is easy and everything is going up, you keep the houses that nobody else wants. When the market slows down, you realize you have a toxic rental portfolio.<\/p>\n<p>My wife went and became an REO agent. She started selling Fannie Mae and Freddie Mac foreclosures in our hometown. That was pretty good money. Those were $300,000 to $400,000 sales. That was her full-time job. I was a stay-at-home dad for a certain part of that with our now thirteen-year-old. I would go and evict and do some of the work myself. We sold a lot of houses on owner-finance. By doing that, we were able to create that income but then also capture the down payment to offset the lack of capital that we were experiencing. How do we do it? We got up every morning and went to work. It was not fun or easy, but I\u2019m glad we did it.<\/p>\n<p><strong>I love that story because it shows that you did a few things, which I picked up here from what you said. One is you didn\u2019t trust in thinking, \u201cIt\u2019s always worked. I\u2019m going to keep doing that.\u201d You sought counsel. You had that mastermind or those people around you that you could talk to and be able to say, \u201cWhat\u2019s going on in real-time?\u201d<\/strong><\/p>\n<p><strong>On top of that, you were able to still maneuver and figure out what was going on. I remember REOs back then. They were hot. You sell them for less than $0.10 on the dollar. That\u2019s as long as you didn\u2019t have huge tax liens on it where you\u2019re like, \u201cI bought a turd.\u201d For the most part, it sounds like you guys maneuvered that nicely.<\/strong><\/p>\n<p>One of my mentors said, \u201cNever sacrifice good enough for perfect.\u201d Many people are always trying to achieve the perfect strategy, the perfect plan, or the perfect outcome when good enough gets them by. It helps to have a family you have to support because I didn\u2019t have any choice. You got to do what you got to do. That\u2019s probably the Marine in me and a little bit of a Type A personality, too.<\/p>\n<p>That\u2019s ultimately the message that I was spreading. Starting in February of \u201822, I told every new investor that would listen to me, \u201cThis is going to be bad. You don\u2019t know.\u201d Some of them didn\u2019t listen, and some of them did. I approach my business and my life with everything. Do good and help people, and good and help will come your way.<\/p>\n<p>The last seventeen months have been very interesting to watch with the way the investors are receiving the information that is out there and then, ultimately, what they\u2019re doing with that information. I went to Mike Hambright\u2019s Investor Fuel in the first week of February 2022. I got up there during my sponsor spotlight and said, \u201cYou got to listen to me. You don\u2019t understand the effects that these interest rate increases are going to have. We don\u2019t know how far they\u2019re going to go. Inflation is baked in. If you\u2019ve got inventory, now is the time to reposition it.\u201d<\/p>\n<div id=\"attachment_8794\" style=\"width: 610px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" aria-describedby=\"caption-attachment-8794\" class=\"size-full wp-image-8794\" src=\"https:\/\/media.moneyripples.com\/wp-content\/uploads\/2023\/07\/04035813\/Graphics-Caption-1-MORI-728-Tim-Herriage.jpg\" alt=\"MORI 728 | Real Estate Market\" width=\"600\" height=\"400\" \/><p id=\"caption-attachment-8794\" class=\"wp-caption-text\">Real Estate Market: We don&#8217;t know how far interest rates are going to go. Inflation is baked in.<\/p><\/div>\n<p>\u00a0<\/p>\n<p>Back then, we were still closing loans at 3.75% on 30-year fixed for DSCR investors or rental loans. The investor mentality in February of last year was, \u201cThis isn\u2019t going to hurt me. I\u2019m fine.\u201d We got around the May Investor Fuel meeting and it was interesting. It was almost a sense of arrogance developing because rates had gone up. If you remember, there was a massive rush to buy houses. They were all making money hand over fist.<\/p>\n<p>At that point, they\u2019re like, \u201cThat isn\u2019t going to work. This isn\u2019t that bad. What do you mean?\u201d I\u2019m like, \u201cYou don\u2019t understand. This is this false insecurity.\u201d By the time we showed up at the August meeting, it was like, \u201cI have to let my staff go. I\u2019m going to need to stop advertising. I\u2019m not sure I can pay for the mastermind.\u201d In December, it was like, \u201cI may shut down the business.\u201d In their November meeting, everybody had cut half their staff.<\/p>\n<p>You roll around to this February\u2019s meeting. In the Marine Corps, we would\u2019ve called it embraced the suck. They\u2019ve adjusted. The ones that are still there have been adjusted. The ones that are still there reduced their staff, overhead, and expenses. Now they\u2019re optimistic about buying back in at today\u2019s prices because many of the markets have gone down 20%.<\/p>\n<p>We\u2019ve reverted back to normal. That sentiment is going to be a lot keener on discipline on maybe a slower scale and not trying to hurry up. I feel like the investor mentality and discipline have gotten to, and I said it on the stage at Family Mastermind, be short and simple wins of the day. At this point in the market cycle in real estate, you don\u2019t want a lot of short-term exposure. The next two years are the weird part. Pretty sure we all know where we\u2019ll be in ten years.<\/p>\n<p><strong>That\u2019s what I was going to ask you next. Where do you see it going now? Do you see it on a slower scale? How would somebody pivot or do it differently today than they were trying to do in 2021 or 2022?<\/strong><\/p>\n<p>The lagging effect of these policy changes is so difficult to measure in less than 6 to 12 months. It doesn\u2019t have enough time to get all the way through the economy. I can tell you this. As we sit here today, I filed my first eviction in three years. I didn\u2019t, but my manager did. As we sit here today, I have more delinquency in my rental portfolio than I have in three years.<\/p>\n<p>Real estate investors are taking the market and are using the average of three comps instead of the high comp. It\u2019s back to discipline. For a while there, it had gotten to where you didn\u2019t need three comps. You pick the highest one and tack 10% on it, and that\u2019s what it would sell for. Whereas now, it\u2019s getting more in the average of the three comps, you may want to skew towards the low one unless you\u2019re under $300,000 if you\u2019re under $300,000. Affordable housing is where it\u2019s at.<\/p>\n<p>If we\u2019re seven million houses short, interest rates are not going down from here. They may go down a little. Homeowner paper may get down in the fives. In our investor paper, we can already do a 5%, but we have a pre-payment penalty. That\u2019s why. One economist said this is a reversion, not a correction. We were in an opposite world for three years. It was nonsensical. People were coming to Dallas, paying $100,000 above the asking price, and there were three other offers with that same dollar amount with cash.<\/p>\n<span class='bctt-click-to-tweet'><span class='bctt-ctt-text'><a href=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Fmoneyripples.com%2Fmoney-ripples-st%2F%3Fp%3D8792&#038;text=This%20is%20a%20reversion%2C%20not%20a%20correction.%20We%20were%20just%20in%20the%20opposite%20world%20for%20three%20years.&#038;related\" target=\"_blank\" rel=\"noopener noreferrer\">This is a reversion, not a correction. We were just in the opposite world for three years. <\/a><\/span><a href=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Fmoneyripples.com%2Fmoney-ripples-st%2F%3Fp%3D8792&#038;text=This%20is%20a%20reversion%2C%20not%20a%20correction.%20We%20were%20just%20in%20the%20opposite%20world%20for%20three%20years.&#038;related\" target=\"_blank\" class=\"bctt-ctt-btn\" rel=\"noopener noreferrer\">Share on X<\/a><\/span>\n<p>I feel like the worst is over for the housing market. Intellectually, there should be some recession coming, but as we sit here today, we still have 1.6 job openings for every unemployed person. In The Great Recession, it was less than one. If we got rid of half the job openings right now, the only way that works is if places are closing and shutting their doors. You can\u2019t get enough people to support what we have right now. I don\u2019t know. I feel like we may have achieved the soft landing that the Fed wanted, but I don\u2019t think rates will go back down in \u201823. If they need to hold around where they\u2019re at for 6 to 12 months, they need to shake out some of the entrenched inflation.<\/p>\n<p>I don\u2019t know about you, but I\u2019ve got a teenage son. I took him and two of his buddies on a ski trip. We swing into a McDonald\u2019s and it was $51 for four value meals. The lady said it over the speaker and I was like, \u201cWhat?\u201d It was strange. I feel like there\u2019s more to run. Rates are not going to go down, and I don\u2019t think they should. This is going to be a slow, steady bleed of the ones that are good businesses and the ones that aren\u2019t.<\/p>\n<p><strong>I agree. I could see that happening. It\u2019s interesting you mentioned job openings. Something that popped into my head is whenever you have something that\u2019s overinflated or over the top, typically, there always has to be that reversion or that correction. It makes me wonder, \u201cFor it to come back in balance, what does have to happen?\u201d Either 1) Do we have to lose a lot of companies or lose a lot of jobs, or 2) Maybe that\u2019s the whole Feds point?<\/strong><\/p>\n<p><strong>That\u2019s what I was trying to get to. We know it is already falsified anyways. 3.4% in April is ridiculous. That\u2019s after layoffs and everything, too. It does make you wonder what has to come into balance.<\/strong> <strong>I know we\u2019re in similar mastermind groups. I remember in 2019, we were beating the same drum. As we were saying in 2022, \u201cThere\u2019s already correction happening.\u201d Even the Feds were starting to lower their rates quietly. They were saying, \u201cThere\u2019s something coming.\u201d We were preparing for a recession then.<\/strong><\/p>\n<p><strong>With COVID, there\u2019s this huge influx of money. It creates a much bigger bubble than we already saw in the 2010s. Now, we\u2019re like, \u201cThis crash is going to be even worse.\u201d For people to not be prepared, it\u2019s like, \u201cHow did you not see this coming at this point?\u201d They\u2019re like, \u201cI thought I could ride that wave a little bit longer.\u201d That\u2019s why you got to be prepared. That\u2019s where you have to be almost a little bit trigger-happy at that point.<\/strong><\/p>\n<p>I completely agree. When it comes to determining your behavior, I think of it like the Military. You never make a decision on one source of information. We\u2019re entering a point in time where listeners need to consume the news but not the drama. I listened to Bloomberg Radio every morning. Even though Michael Bloomberg ran for office, it\u2019s not a political radio station. They talk about financial news. That\u2019s all I need to hear.<\/p>\n<p>I don\u2019t care what Trump or Biden have done or are doing. I know that we\u2019re going to do the opposite of that in a year or two anyway. That\u2019s the cycle we\u2019re in. What I care about is when they\u2019re saying that interest rates are going up, I need to learn how that impacts me. I need to look at how it\u2019s impacting foreign economies. I need to look at what opportunities I have coming up and where to put my money. I need to hear the two-year treasuries are still 40 basis points higher than the tenure. I need to hear about swaps and spreads because, ultimately, I live and breathe in an interest-rate-driven industry and business.<\/p>\n<p>Affordability is important. That\u2019s why I do it, but I don\u2019t act off of Bloomberg. I go ask our chief financial officer, \u201cWhat does that mean? What do you think?\u201d I attend the National Private Lenders Association meeting. I ask what they\u2019re doing and how their business is. All those sources are where you make your decisions. You make your decisions from a point of being informed, not a point of being influenced.<\/p>\n<p><strong>Often, I\u2019ve found that almost what\u2019s between the lines of what\u2019s being said is where the real power is. You mentioned what kind of data really matters. Do we see things such as credit card delinquencies or even auto loan delinquencies? How\u2019s that affecting it? What\u2019s the capital of the average consumer? Even today, I was reading where one of the Fed presidents came out and said, \u201cI\u2019m expecting it to be a tightening of credit.\u201d<\/strong><\/p>\n<p><strong>That\u2019s a big deal when it comes to the economy because the loosening of credit is why the economy still seems like it\u2019s very healthy. If, all of a sudden, banks, because of what\u2019s been going on in the springtime, their potential for failures, and maybe even government regulations become more strict or require bigger reserves, that means less to lend out. That tightens credit markets and money flow and supply. We got a massive recession potentially.<\/strong><\/p>\n<p>I\u2019ve been worried about the auto loan market for years now, but it\u2019s interesting. There was an article recently. The average vehicle payment is now over $1,000 or something to that effect. Don\u2019t quote me on that. That\u2019s the kind of information you do not take action.<\/p>\n<p><strong>It\u2019s up there. I think you\u2019re pretty right.<\/strong><\/p>\n<p>Ultimately, that\u2019s where the real estate market is as well. Something has to give. It\u2019s either interest rates, price, cohabitation, or people staying put. Another interesting stat that may make this cycle be different than all other cycles is the 50-year average of the interest rates on mortgages is about 7.5%. It\u2019s 7.75% if I remember correctly. Right now, 93% of active mortgages in America are 4% or lower. 70-something percent is 3% or lower.<\/p>\n<p>The math right now is if I want to move and don\u2019t want to spend more money, I have to buy a smaller house and pay the same payment that I\u2019m paying for my bigger house. It\u2019s creating this issue of nobody is selling. They don\u2019t want to sell. Only if they have to sell will they sell. When you look at that, it has stripped supply out of the market because there\u2019s now a significant intrinsic value behind that interest rate.<\/p>\n<p>It\u2019s going to be interesting. I don\u2019t have the answer. I know we don\u2019t have enough houses for the human beings we have. I know things are awfully expensive. Even if you double the amount of foreclosures that we had this month, we would not be back to the historical norm. If you double the amount of homes on the market right now, we would not be back to historical norms. There\u2019s only 2.6 months\u2019 worth of supply of houses available. Healthy is six. It\u2019s what I say. I tell people. \u201cYou got to keep your timelines short. Invest in income-producing assets that you don\u2019t need to if you don\u2019t plan to sell in the next two years.\u201d Fixed-rate debt has never been more popular, has it?<\/p>\n<div id=\"attachment_8795\" style=\"width: 610px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-8795\" class=\"size-full wp-image-8795\" src=\"https:\/\/media.moneyripples.com\/wp-content\/uploads\/2023\/07\/04035816\/Graphics-Caption-2-MORI-728-Tim-Herriage.jpg\" alt=\"MORI 728 | Real Estate Market\" width=\"600\" height=\"400\" \/><p id=\"caption-attachment-8795\" class=\"wp-caption-text\">Real Estate Market: Keep your timeline short and invest in income-producing assets that you don&#8217;t plan to sell in the next two years.<\/p><\/div>\n<p>\u00a0<\/p>\n<p><strong>That\u2019s for sure. Tim, I appreciate this. This is great stuff here. I mentioned the podcast and that they could follow you on the Uncontested investing show. Where else can they follow you?<\/strong><\/p>\n<p>I\u2019m all over social. Tim Herriage is not a common name. I am <a href=\"https:\/\/www.instagram.com\/timherriage\/?hl=en\" target=\"_blank\" rel=\"noopener\">@TimHerriage<\/a> on all social platforms. RCN Capital is <a href=\"https:\/\/www.instagram.com\/rcn_capital\/?hl=en\" target=\"_blank\" rel=\"noopener\">@RCN_Capital<\/a> on all the platforms. I try to do my best to put out content that is helpful and entertaining. I brag about my kids when they smoke a home run.<\/p>\n<p><strong>You were valuable here today. I really appreciate your insights and everything. That\u2019s what I love. I love the fact that it\u2019s not like you\u2019re buying into the drama. That\u2019s what I wanted to spill on the show. Let\u2019s get away from the drama. Let\u2019s get to what\u2019s actually happening and the reality so that we\u2019re ready. No matter where this person is that\u2019s reading right now, whether they\u2019ve got cash or they\u2019re ready to deploy but there\u2019s no right moment, they\u2019re trying to build up the cash, or maybe they need to build more cash because they\u2019re in a world of hurt if they don\u2019t, this gives lots of great insight. I appreciate your time and your expertise here.<\/strong><\/p>\n<p>Thank you for having me. I\u2019ll see you pretty soon.<\/p>\n<p><strong>I look forward to it. Everybody else, it is the same for you as well. You could be a hero of the world but it\u2019s so much more powerful if you\u2019re a doer as well. Tim had mentioned earlier that it\u2019s not about taking perfect action. It could be imperfect action, but moving in the right direction allows you to be able to be at a place where you\u2019re able to prosper. You go from ordinary to extraordinary. Make it a wonderful and prosperous week. We\u2019ll see you later.<\/strong><\/p>\n<p>\u00a0<\/p>\n<h3>Important Links<\/h3>\n<ul>\n<li><a href=\"https:\/\/moneyripples.com\/money-ripples-st\/cashflow-calculator\/\" target=\"_blank\" rel=\"noopener\">Passive Income Calculator<\/a><\/li>\n<li><a href=\"https:\/\/www.rcncapital.com\/\" target=\"_blank\" rel=\"noopener\">RCN Capital<\/a><\/li>\n<li><a href=\"https:\/\/timherriage.com\/shows\/uncontested-investing\/\" target=\"_blank\" rel=\"noopener\">Uncontested Investing<\/a><\/li>\n<li><a href=\"https:\/\/www.foacommercial.com\/\" target=\"_blank\" rel=\"noopener\">Finance of America<\/a><\/li>\n<li><a href=\"https:\/\/www.amazon.com\/Who-Moved-My-Cheese-Mazing-ebook\/dp\/B004CR6AM4\" target=\"_blank\" rel=\"noopener\"><em>Who Moved My Cheese?<\/em><\/a><\/li>\n<li><a href=\"https:\/\/www.instagram.com\/timherriage\/?hl=en\" target=\"_blank\" rel=\"noopener\">@TimHerriage<\/a> \u2013 Instagram<\/li>\n<li><a href=\"https:\/\/www.instagram.com\/rcn_capital\/?hl=en\" target=\"_blank\" rel=\"noopener\">@RCN_Capital<\/a> &#8211; Instagram<\/li>\n<li><a href=\"https:\/\/www.youtube.com\/playlist?list=PLdpbc3-wRRVX-4IFh4HMPoQ7kv_bpmu9D\" target=\"_blank\" rel=\"noopener\">https:\/\/www.YouTube.com\/playlist?list=PLdpbc3-wRRVX-4IFh4HMPoQ7kv_bpmu9D<\/a><\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<h3>About Tim Herriage<\/h3>\n<p><img decoding=\"async\" class=\"alignleft wp-image-8793 size-thumbnail\" src=\"https:\/\/media.moneyripples.com\/wp-content\/uploads\/2023\/07\/04035810\/Graphics-Tim-Herriage-Headshot-MORI-728-Tim-Herriage-150x150.jpg\" alt=\"MORI 728 | Real Estate Market\" width=\"150\" height=\"150\" \/>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\u2019s B2R Finance (now Finance of America), Founder of the REI Expo, as well as a Franchisee and Development Agent for HomeVestors\u00ae of America.<\/p>\n\n\n<div style=\"height:180px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 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&#8217;s seeing real time. Tune in to find out what&#8217;s REALLY going on in the market! &#8212; <a href=\"https:\/\/moneyripples.com\/money-ripples-st\/?p=8792\" class=\"more-link\">&#8230;<span class=\"screen-reader-text\">  Is Real Estate Doomed In The Near Future With Guest Tim Herriage | 728<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":8798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[1114,1297,318,75,980,1052],"class_list":["post-8792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-and-podcasts","tag-affordable-housing","tag-financial-news","tag-interest-rates","tag-real-estate","tag-real-estate-market","tag-recession"],"acf":[],"rttpg_featured_image_url":{"full":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2023\/07\/04035837\/Graphics-Episode-Art-MORI-728-Tim-Herriage-Banner.jpg",940,492,false],"landscape":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2023\/07\/04035837\/Graphics-Episode-Art-MORI-728-Tim-Herriage-Banner.jpg",940,492,false],"portraits":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2023\/07\/04035837\/Graphics-Episode-Art-MORI-728-Tim-Herriage-Banner.jpg",940,492,false],"thumbnail":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2023\/07\/04035837\/Graphics-Episode-Art-MORI-728-Tim-Herriage-Banner-150x150.jpg",150,150,true],"medium":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2023\/07\/04035837\/Graphics-Episode-Art-MORI-728-Tim-Herriage-Banner-300x157.jpg",300,157,true],"large":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2023\/07\/04035837\/Graphics-Episode-Art-MORI-728-Tim-Herriage-Banner.jpg",940,492,false],"tf-client-image-size":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2023\/07\/04035837\/Graphics-Episode-Art-MORI-728-Tim-Herriage-Banner.jpg",120,63,false],"1536x1536":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2023\/07\/04035837\/Graphics-Episode-Art-MORI-728-Tim-Herriage-Banner.jpg",940,492,false],"2048x2048":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2023\/07\/04035837\/Graphics-Episode-Art-MORI-728-Tim-Herriage-Banner.jpg",940,492,false],"bloom_image":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2023\/07\/04035837\/Graphics-Episode-Art-MORI-728-Tim-Herriage-Banner-610x319.jpg",610,319,true]},"rttpg_author":{"display_name":"Chris Miles","author_link":"https:\/\/moneyripples.com\/money-ripples-st\/author\/chris"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/moneyripples.com\/money-ripples-st\/?cat=8\" rel=\"category\">Blog and Podcasts<\/a>","rttpg_excerpt":"\u00a0 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&#8217;s seeing real time. Tune in to find out what&#8217;s REALLY going on in the market! &#8212;&hellip;","_links":{"self":[{"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=\/wp\/v2\/posts\/8792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8792"}],"version-history":[{"count":11,"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=\/wp\/v2\/posts\/8792\/revisions"}],"predecessor-version":[{"id":8827,"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=\/wp\/v2\/posts\/8792\/revisions\/8827"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=\/wp\/v2\/media\/8798"}],"wp:attachment":[{"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}