Tim Vitale

LIHTC Multifamily & Commercial RE Investor in Carolina’s

[Tim Vitale @TimVitaleX]

@gregmushen Specs below. I didn’t get the m5max because most of my activity is on browsers. Didn’t need processing power like a video editor would need, at least what Claude advised!

[Tim Vitale @TimVitaleX]

Upgrade time!

Needed more laptop to handle the amount of Claude processing going on!

[Tim Vitale @TimVitaleX]

@robbiehendricks I’m ready for it! Supply continues to constrain in the LIHTC world as properties built in the 90s and early 2000s are coming out of the program. Demand is up. Supply is down. 96.7% occupied across our portfolio and exactly $0 spent in online advertising

[Tim Vitale @TimVitaleX]

@MultifamilyMad $50-100k

[Tim Vitale @TimVitaleX]

@robbiehendricks One thing I love about operating LIHTC deals is we get our market rate rents annually. No guessing. The rent is what it is. Gross rent minus utility allowance = collectible rent from tenant

[Tim Vitale @TimVitaleX]

@loganjrankin @robbiehendricks @shawngorham Who is s2?

[Tim Vitale @TimVitaleX]

@RandallHouseRE 🔥🔥🔥

[Tim Vitale @TimVitaleX]

@robbiehendricks I’m here for it!! Patiently waiting

[Nick shirley @nickshirleyy]

CBS News said there was no evidence of fraud.

The NYT said the Somali community was being targeted

CNN said there was "little evidence."

Tim Walz said it was “white supremacy” to expose fraud

Today: $90M busted and 15 charged.

IT WAS ALL FRAUD AND THEY KNEW.

[Robbie Hendricks @robbiehendricks]

me: <takes enormous personal risk to buy apartments from slumlord, fixes life safety issues, removes bugs, turns on heat, makes nice again>

them: cool, but are you raising rent?

me: well, yea, it was $400/mo b/c there were velociraptor sized roaches and the heat didn’t work over there so we needed to invest millions to fix it

them: so you’re a blood-sucking slumlord

me: no, we took property where residents were miserable and made it nice again

them: well you should do that out of the kindness of your heart and not raise rent

me: should the pest control people work for free?

them: that’s different

me: should the HVAC guy work for free?

them: that’s different

me: do you work for free?

them: that’s different

me: why should I work for free?

them: housing is a human right and you’re rich

me: how can I be rich if I don’t get paid to work?

them: <blank stare>

me: do you see the contradiction here?

them: um, no

me: okay…do you expect a farmer to grow food and give it away for free? Is he a greedy farmer?

them: of course not

me: do you expect a doctor to treat you for free? is she a greedy doctor?

them: of course not

me: do you expect someone to wash your car for free? is he a greedy car washer?

them: obviously not

me: okay so do you see what I’m saying?

them: <blank stare> not really

me:

[Tim Vitale @TimVitaleX]

@robbiehendricks Sounds like more buying opportunities at discounted prices! Buy when others are fearful!

[Tim Vitale @TimVitaleX]

@robbiehendricks Can we compare scorecards?!

I just integrated some agent reports and maintenance stuff from Elise to report on weekly

[Tim Vitale @TimVitaleX]

@robbiehendricks We’re well on our way with onboarding EliseAi for the PM company. Already seeing significant improvement across all metrics

[Tim Vitale @TimVitaleX]

@robbiehendricks @Chilis lol

[Tim Vitale @TimVitaleX]

@resetbasis Escalade. Range Rover. Porsche 911. F250.

[Tim Vitale @TimVitaleX]

@loganjrankin “All I need to know is the NOI” 🙄🙄

[Tim Vitale @TimVitaleX]

@JimKittridge Chasing the dragon of #gainz

[Tim Vitale @TimVitaleX]

@JimKittridge

[Tim Vitale @TimVitaleX]

@theficouple It’s about liabilities va cashflow. Do you have enough cashflow to cover your liabilities and living expenses? As others mentioned, NW is a good indicator but not the deciding factor.

[Tim Vitale @TimVitaleX]

@robbiehendricks Great post 🔥🔥