Join us for a fascinating exchange with Tim Herriage, the visionary CEO and founder of Turnus Lending, as he shares how he's transforming the fix-and-flip lending industry. Drawing inspiration from business luminaries Michael Gerber and Simon Sinek, Tim enlightens us on his innovative approach that places the customer's needs at the forefront and emphasizes deal-based lending. His insights offer a refreshing shift from traditional paradigms, promising both new and seasoned real estate investors a more inclusive and empowering financial landscape.
Explore the intriguing concept of shared ownership in real estate investment as we discuss Turnus's mission to create a customer-centric company. Inspired by Simon Sinek's golden triangle, Tim reveals how Turnus is fostering an engaged network of stakeholders by offering stock for loan payoffs and referrals. These strategies not only promote loyalty but also highlight the company's commitment to making money, generating passive income, and leaving a legacy. Join us as we navigate the intricacies of real estate financing evolution, with a spotlight on Turnus’s unique offering of 100% financing for property purchases and rehabs.
As we wrap up, we delve into the crucial aspects of customer service and business growth strategies. Unravel the potential pitfalls of overcomplicated SOPs and discover the proactive measures necessary to maintain customer satisfaction. We also touch on the dynamic real estate markets in Florida and Texas, discussing strategic adjustments in response to fluctuating interest rates and public sentiment. Don't miss the exciting "Find, Fund, and Fix" event in Dallas, designed to streamline the process of financing and renovating properties, especially for new investors. Alongside insights on starting a business and securing capital, this episode is a treasure trove of knowledge for anyone looking to navigate the entrepreneurial world of real estate with confidence and foresight.
CHAPTERS
(00:00) - Entrepreneurial Insights in Realty Financing
(13:33) - Shared Ownership in Real Estate Investment
(18:55) - Evolution of Real Estate Financing
(30:51) - Improving Customer Service and Revenue
(39:14) - Real Estate Investment Strategy and Events
(49:48) - Real Estate Adjustments Ahead
(56:53) - Business Capital and Growth Strategies
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💯 About John Gafford: After appearing on NBC's "The Apprentice", John relocated to the Las Vegas Valley and founded several successful companies in the real estate space.
➡️ The Gafford Group at Simply Vegas, top 1% of all REALTORS nationwide in terms of production. Simply Vegas, a 500 agent brokerage with billions in annual sales Clear Title, a 7-figure full-service title and escrow company.
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