The Great Recession was a worldwide economic downturn in 2008 that caused devastating effects on real estate and every business in general. That’s why we’re joined today by Tim Herriage, sharing his story of resilience in the 2008 recession and how he prospers in the real estate industry up to this day. Stay tuned to learn how you can do the same in the current market situation, and learn about investment transactions, acquisitions, and more!
Key Takeaways from this episode
- How to prepare and strengthen your business in a possible economic recession
- Predictions on interest rates’ trajectory in the next few years
- How to deal with the current and future state of the inflation rate
- The importance of adapting the current generation’s culture
- Refinancing cycle: Improvisation vs. desire
- What holds investors back from hitting the next level in their business
References/Links Mentioned
Failing Forward by John C. Maxwell | Hardcover and Paperback
About Tim Herriage
Tim Herriage 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, Founder and Managing Director of Blackstone’s B2R Finance, Founder of the REI Expo, and a Franchisee and Development Agent for HomeVestors® of America. Tim has completed well over $1 Billion in real estate investment transactions, including the acquisition of more than 2,000 houses in his twenty-year career.
Tim currently purchases and repositions approximately 50 homes per year in the Dallas, San Antonio, and Denver markets through his various real estate companies. Tim is currently an Executive Director for RCN Capital. Tim built and sold six companies by the age of 40 and enjoys empowering entrepreneurs and investors by sharing raw truths about the mistakes he has made.
Connect with Tim
- Website: TIM HERRIAGE
- Instagram: @timherriage | @rcn_capital
- Twitter: @timherriage | @RCNCapital
- Facebook: Tim Herriage | RCN Capital
- YouTube: Tim Herriage | RCN Capital
- Tiktok: @timherriage
