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Having a Long-Term Approach as a Real Estate Investor - Charles Carillo
Manage episode 424081716 series 3580297
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Welcome to the next episode of our podcast! Today, we're diving deep into the world of real estate investment with our esteemed guest, Charles Carillo, founder and managing partner of Harborside Partners. With over $200 million worth of real estate transactions under his belt since 2006, Charles brings extensive knowledge and experience in renovating and repositioning multifamily and commercial real estate.
In this enlightening discussion, Charles shares invaluable insights into the industry, discussing topics ranging from industry changes, challenges, and opportunities for investors to the transition from residential to commercial properties and syndications. He delves into the challenges of managing Class C properties and the decision-making process behind selling them, as well as the impact of interest rates on property valuations and deal flow, particularly during election years.
Charles also explores the consideration of alternative asset classes such as ATM funds for passive investors, drawing from his experience investing in diverse assets like ATMs, early-stage companies, and oil and gas. He addresses the challenges of explaining market conditions to less sophisticated investors and offers insights into rent increases due to rising property taxes and expenses.
Additionally, Charles discusses how lenders are extending terms to avoid foreclosures during challenging times, providing valuable perspectives for both seasoned investors and newcomers alike.
Tune in now to gain exclusive access to Charles Carillo's wealth of experience and unlock the keys to success in the ever-evolving world of real estate investment. Whether you're an experienced investor or just starting out, this episode promises to inform, inspire, and empower. Don't miss out!
TIMESTAMPS
01:09 - Guest Introduction: Charles Carillo
01:42 - Industry changes, challenges, and opportunities for investors
05:52 - Transition from residential to commercial properties and syndications
08:06 - Challenges of managing Class C properties and decision to sell them
11:50 - Impact of interest rates on property valuations and deal flow
15:43 - Impact of rate cuts during election years on real estate investments
18:34 - Consideration of alternative asset classes like ATM funds for passive investors
20:43 - Investing in diverse assets such as ATMs, early-stage companies, and oil and gas
23:37 - The challenges of explaining market conditions to less sophisticated investors
25:44 - Expect rent increase due to rising property taxes and expenses
26:38 - Lenders are extending terms to avoid foreclosures during challenging times
Connecting with the Guest:
Website: https://harborsidepartners.com/
Linkedin: https://www.linkedin.com/in/charleskcarillo/
Instagram: https://www.instagram.com/harborsidepartners/
Facebook: https://www.facebook.com/CharlesKennethCarillo/
#LongTermInvesting #RealEstateInsights #DiversifiedInvestments
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