WS1593: Long-Term Passive Investing Strategies (Part 2) | Charles Carillo

Published: March 2, 2023, 8 a.m.

True to the popular real estate quote, \u201cLocation, location, location,\u201d savvy investors can benefit from property investing through high rates of return and significant tax benefits only if they know how to select their markets.


In this second of a two-part series, Charles Carillo of Harborside Partners delves more into the long-term strategies he uses to sustain his growth in the industry. Discover what markets he prefers and the one factor that has contributed to his success.

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Key Points From This Episode:

  • What are the leading industry indicators that he considers when investing?
  • What are his thoughts with regard to today\u2019s employment statistics?
  • How will the economy survive the recession?
  • What are some important factors that he considers when underwriting deals today?
  • How much of his investments does he re-invest?
  • What's the one thing that has contributed to his success?

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Tweetables:\xa0

\u201cI'm looking for light value adds. And that's been what we've been working on over the last year or two.\u201d

\u201cThe average C Class tenant has less than $400 in savings. So just think of having their hours cut will dramatically delay when you're getting paid.\u201d

\u201cYou don't want someone paying rent by going to the payday loan. And so it's very important to buy in better areas.\u201d

\u201cI personally rather make 10% or 12% on keeping it invested, and you keep all your tax benefits as well compared to just leaving it in the bank.\u201d

\u201cYou have to read into stuff and that's what I like to do and really realize what's happening.\u201d


Link Mentioned in Today\u2019s Episode:

Harborside Partners

About Charles Carillo
Charles Carillo is a managing partner at real estate syndication firm Harborside Partners. He has been actively involved in the company since 2006, overseeing all acquisitions, investor relations and strategic partnerships.

He obtained a management and entrepreneurship degree from Central Connecticut State University.

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