Creative Capital Podcast 110: Seeking Out Partnerships with Tim Vitale

Oct 29, 2021

Tim Vitale is the Founder and Owner of Upside Capital based out of Charlotte, NC. He is the AVP of Finance for an F500 Insurance Company and specializes in underwriting, analysis, and budgeting. Tim was born into a commercial real estate family and has owned rental property in the Charlotte area. He is also an active investor and syndicator in the Southeast USA. Tim runs his own Facebook group Makin’ Moves in Multifamily in which he provides value to other investors and syndicators through educational and inspirational Facebook events and posts. He is also an Admin and Moderator for the My First Million in Multifamily Facebook group.

 

In this episode, Tim talks about how important relationship-building has been for his real estate investing journey. He talks about how providing value to your partners without expecting anything in return will help you open more opportunities and create more success in the field of real estate. Tim also shares how you can find partners that will help you get closer to your real estate goals. Listen in!

[00:01 - 06:58] Introduction  

 

• A preview of the episode
• Tim shares his background
• How his experience in finance helped him on real estate investing

 

[06:59 - 16:36] Making the Leap from Finance to Multifamily Real Estate

 

• Tim on quitting his job to invest in multifamily
• Entrepreneurship is about taking risks
• What it took for Tim to make the transition
• • How long it took him
  • Getting educated about real estate investing
  • Networking

 

[16:37 - 42:13] Creating Success by Building Partnerships

 

• Tim talks about his current portfolio
• Building partnerships
• • There’s a who for every how
• How Tim was able to find his partners
• • Providing value
  • “The Ant Mentality”
  • On relationships that don’t work out
  • Every partnership has a termination date
• Execution is key
• Why partnerships are critical in the pursuit of your real estate goals

 

[42:14 - 55:18] The Pod Decks Segment

 

• Share your most embarrassing moment ever
• What's something weird that you recommend everyone tries at least once?

[55:19 - 01:07:24] The Core Four

 

• What is your favorite real estate-related book?
• • Multifamily Millions by David Lindahl (link below)
•  What do you think your unique skill is that helped you become successful?
• • Talking with people
• Tell me something that's true about real estate that almost nobody agrees with you on
• • Real estate is easy
• What one piece of advice would you give the listeners wanting to succeed in real estate investing?
• • Start networking now!
• Connect with Tim!
• A summary of the episode
• Closing words

Key Quotes: 

 

“If you’re going to be an entrepreneur, it’s all about risk and taking risks. Big risks, big rewards. If you have the opportunity and the means to do it, what are you waiting for?” - Tim Vitale

 

“Your network is your net worth. I hate that everyone says that saying and it's so cliche, but so true. If you don't have something, there's somebody out there that has what you need. There's a who for every how, and the more who's that you can connect with, you'll be able to accomplish anything that you want.” - Tim Vitale

 

“If you are seen as a pillar of the industry where you are helping other people constantly, you're providing value to people constantly, then the law of reciprocity will come back and pay you tenfold, because you've helped others achieve what they're trying to achieve.” - Tim Vitale

Resources Mentioned:

 

• Multifamily Millions by David Lindahl

Connect with Tim on LinkedIn, Instagram, and Facebook!

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube 

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

 

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