Tim Herriage: Tactician, Intelligence Analyst, Business Developer, and CEO
TIM HERRIAGE ON TACTICAL INVESTMENT, STRATEGIC PLANNING & EAGLE LIKE VISION TIM HERRIAGE
Tim Herriage: Tactician, Intelligence Analyst, Business Developer, and CEO
Don’ t call him a‘ guru’. Tim Herriage is the CEO of the 2020 REI Group of Companies and in an exclusive interview with Realty411, Tim revealed the backstory that led to the launch of a very different type of real estate firm...
Why do we need another player on the real estate map? What qualifies Herriage and his team to lead? How can this hindsight become a truly unique advantage on the financial battlefield?
After serving in the U. S. Marines, managing systems as an intelligence analyst, Herriage got his start in real estate through house flipping and property management. To date he has been personally involved in more than 1,200 house acquisitions and“ over $ 1 billion in real estate investment transactions.”
It didn’ t take long before Herriage became a sought after speaker within the industry. His next step was to unite the ranks of US investors by founding the REI( Real Estate Investors) Expo. Dubbed‘ The Largest Real Estate Investor Tradeshow’, the REI Expo has grown to over 52,000 members.
In 2013 Herriage was recruited by the largest alternative investment firm in the world – Blackstone. As Managing Director for Blackstone’ s B2R Finance, Herriage helped pioneer a new approach to singlefamily home investment property financing. This venture highlighted how great the need there is for approachable, high quality financing sources and expert guidance for noninstitutional, private real estate investors. Herriage explained that“ it was a case of supply and demand. Investors are starving for practical, high level assistance and straightforward access to great products and services.” They simply weren’ t finding it, mostly because those designing the real estate investment loans and services were institutional New York City banking executives who were detached from both their market and customer base. Herriage, on the other hand, knew how to transform the Wall Street approach into financing sources and services that actually work for the Main Street real estate investor. He has, after all, succeeded by being one himself.