Episode #306: Upgrading Investments and Weathering Storms with Charles Carillo

Aug 7, 2023

The world of real-estate investing is a wild ride and it takes a certain level of skill and experience to be able to face the challenges it presents. Today’s guest is a well-versed investor with a wealth of knowledge in both active and passive investment. Charles Carillo is a managing partner at Harborside Partners and the host of the Global Investors Podcast. Tuning in, you’ll hear about Charle’s real-estate upbringing, how his focus has shifted from C-class to B-class properties, what Harborside Partners’ investment strategy entails, and so much more! We delve into the things to consider when having conversations with investors before discussing why Charles does not seek investment to provide distribution. Finally, our guest shares a challenge he’s faced in his career and how he overcame it. Thank you for listening in!

Key Points From This Episode:

  • What led Charles to real estate investing and why his aim is to focus on B-class properties.  
  • Why Charles won’t use investors’ money for C-class properties. 
  • Charles talks about Harborside Partners and shares its business model with us.
  • Charles shares Harborside Partners’ investment strategy and their plan for the next year.
  • The dangers with not buying rate caps and how Charles has seen that play out recently. 
  • How Harborside Partners approaches conversations with investors. 
  • Why real estate investors only provide distributions based on cash flow.
  • Charles tells us about a real-estate challenge he experienced and how he overcame it. 
  • What Charles has learned from his experience in an array of both active and passive investment opportunities. 

Links Mentioned in Today’s Episode:

Charles Carillo on LinkedIn

Charles Carillo on Twitter

Charles Carillo on Instagram

Global Investors Podcast on Apple Podcasts 

Harborside Partners

Vertical Street Ventures 

VSV Academy 

Passive Income Through Multifamily Real Estate Facebook Group

Peter Pomeroy on LinkedIn

Peter Pomeroy Email

Recent Posts

Real Estate Investing: Understanding Syndication Structures

Real Estate Investing: Understanding Syndication Structures

As a passive investor evaluating a commercial real estate syndication, you need to know where to start before you can tell whether a specific property or investment is a good fit. In this article, we’ll walk through one of the critical components you should review...

read more
How To Effectively Manage Multifamily Properties

How To Effectively Manage Multifamily Properties

While single-family residential property is often the first investment choice for real estate entrepreneurs, it isn't the only one. You don’t have to represent a real estate investment trust (REIT) to find ways to invest in multifamily homes. The allure of multifamily...

read more
What You Need To Know About Cap Rates As a Passive Investor

What You Need To Know About Cap Rates As a Passive Investor

If you’ve invested in residential real estate before, you have some important, basic lingo like rental income, mortgage interest, and amortization under your belt. When you step into the world of commercial real estate, you’ll begin to see other terms, like “cap...

read more
What Is The Best Way To Invest       and Grow $1 Million Dollars?

What Is The Best Way To Invest and Grow $1 Million Dollars?

While I’m aware that most Americans are living paycheck to paycheck and wishing they had just a couple of zeroes on the end of their bank balance, today we’re going to explore what could happen if you did suddenly come into money. Whether it be an inheritance, lottery...

read more