105. Deal deep-dive: Investing across Multiple Asset Classes of Real Estate with Charles Carillo

Westside Investors Network

ABOUT CHARLES CARILLO

Charles Carillo is the founder and managing partner of Harborside Partners. He has been actively involved in over $200 million worth of real estate transactions since 2006 and carries extensive knowledge in renovating and repositioning multifamily and commercial real estate.

In addition to being an active investor; Charles passively invests in many different asset classes including; commercial real estate, ATMs, and early-stage technology and agriculture (AgTech) startups. Charles oversees all acquisitions, investor relations, and strategic partnerships at Harborside Partners.

Prior to launching Harborside Partners, Charles co-founded an online payment processing company that has since processed over $1 Billion in payments for clients in 5 continents across the globe. Charles is an Eagle Scout and holds a Bachelor’s Degree from Central Connecticut State University.

THIS TOPIC IN A NUTSHELL:

Charles’s investing career in a nutshell

First investment and getting into syndication

Other investments outside of real estate

Investing in different asset classes

Angel investing

How he transitioned from a small to a larger multifamily

FHA Loans and lending

About the Deal

What led him to the deal

Location and Unit mix

Underwriting and Mortgage

Major problems encountered with the property

Renovation and value add implemented

What he likes about the deal

Refinancing and disposition of the asset

Lending environment

His take on buying an asset that does not cash flow very well

Connect with Charles

KEY QUOTE:

“At the beginning of your real estate investing career, you can push the leverage a little bit more, but as you start getting more seasoned, you're gonna pull that leverage down more. It keeps you accessing a lot of equity and deploying it to other assets but also to different markets and spreading those risks to your portfolio.

SUMMARY OF BUSINESS:

Harborside Partners - we offer busy professionals and entrepreneurs, passive investing opportunities in real estate that allow you to receive all the benefits of investing in real estate, without the hassles of being a landlord. We find the deals; we fund the deals, and we manage the deals; while you enjoy ongoing cash flow.

ABOUT THE WESTSIDE INVESTORS NETWORK

The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.

The Westside Investors Network strives to bring knowledge and education to real estate professional that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.

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CONNECT WITH CHARLES CARILLO:

LinkedIn: https://www.linkedin.com/in/charleskcarillo/

Facebook: https://www.facebook.com/CharlesKennethCarillo/

https://www.facebook.com/harborsidepartners/

Instagram: https://www.instagram.com/charleskcarillo

Youtube: https://www.youtube.com/c/HarborsidePartners

Listen To Charles’s Podcast, Get Your FREE Passive Investing Guide, and Join Our Investor Club at: https://harborsidepartners.com

CONNECT WITH US

For more information about investing with AJ and Chris:

· Uptown Syndication | https://www.uptownsyndication.com/

· LinkedIn | https://www.linkedin.com/company/71673294/admin/

For information on Portland Property Management:

· Uptown Properties | http://www.uptownpm.com

· Youtube | @UptownProperties

Westside Investors Network

· Website | https://www.westsideinvestorsnetwork.com/

· Twitter | https://twitter.com/WIN_pdx

· Instagram | @westsideinvestorsnetwork

· LinkedIn | https://www.linkedin.com/groups/13949165/

· Facebook | @WestsideInvesto...