Charles Carrillo visits Elevate Nation to talk about real estate investing, focusing on the importance of understanding property management and working with experienced investors. The conversation covers challenges in self-management and the importance of debt limiting beliefs. They also touch on topics such as tenant retention, market cycles, positive mindset, and personal development.
✅ KEY POINTS ✅
✅ Learn how limiting beliefs are holding you back and break through them.
✅ Invest in personal growth.
✅ Identify 2-3 takeaways or distinctions from today's episode. Discuss these takeaways with a business partner or colleague.
✅ Reflect on your mindset and limiting beliefs and how they may be holding you back
✅ Implement something new in your life/business based on what you have learned.
LINKS
Keep up with the Elevate Podcast: https://elevatepod.com/
Interested in investing with Tyler? Visit https://www.cfcapllc.com/
Ready to boost your web presence? Visit www.sharpwilkinson.com/
FIND CHARLES
Harborside Partners: https://harborsidepartners.com/
Global Investors Podcast: https://harborsidepartners.com/commercial-real-estate-podcast/
LinkedIn: https://www.linkedin.com/in/charleskcarillo/
Instagram: https://www.instagram.com/charleskcarillo/
NAMES AND BOOKS
Donald Trump, “The Art of the Deal,” https://www.amazon.com/Trump-Art-of-Deal-audiobook/dp/B01FY3KPY8/ref=sr_1_1?crid=1OF0U20K92VTL&keywords=donald+trump+the+art+of+the+deal&qid=1686674520&s=books&sprefix=donald+trump+the+art+of+th%2Cstripbooks%2C285&sr=1-1
Richard Koch, “The 80/20 Principle,” https://www.amazon.com/The-80-20-Principle-Richard-Koch-audiobook/dp/B00OH7BB2S/ref=sr_1_1?crid=1VDZ04DQ0HWMC&keywords=the+80-20+principle&qid=1686681110&s=audible&sprefix=the+80-20+principle%2Caudible%2C143&sr=1-1
Rabbi Daniel Lapin, “Thou Shall Prosper,” https://www.amazon.com/Thou-Shall-Prosper-Commandments-Making/dp/B08BW7X6RF/ref=sr_1_1?crid=3MHW9NYWY9R6R&keywords=thou+shall+prosper&qid=1686681210&s=audible&sprefix=thou+shall+prosper%2Caudible%2C78&sr=1-1
Jim Rohn, “Five Major Pieces to the Life Puzzle,” https://www.amazon.com/Five-Major-Pieces-Life-Puzzle/dp/B07HQXXVYL/ref=sr_1_1?crid=1ZK7P3S5YBSHI&keywords=five+pieces+of+the+puzzle&qid=1686681348&sprefix=five+pieces+of+the+puzzle%2Caps%2C134&sr=8-1
💥 QUOTES 💥
💥 "It's just important during these times, make sure that people are working, they have the income, doing your full background check, and not skimping on any of that. I would focus more on occupancy and collections with your tenants who are there. I wouldn't worry about doing interior renovations to try to get an extra $125 out of someone.” - Charles Carillo
💥 "Do minimal renovations on your first deals, if anything, because whatever you're doing, whatever you buy it, there's going to be work required. So, you're going to get that renovation experience, but you don't want major renovation experience.” - Charles Carillo
💥 "During these times where people are moving, they're moving for jobs, where the financial climate is better. So, if you're in these areas that are growing, that's where it's going to give you a buffer on what happens with your properties." - Charles Carillo
💥 “Up your barriers to entry for folks who are looking to reside at your properties so you can say, ‘this may be a challenging decision today’ [and] maybe we're going to have an occupancy hit if we raise our standards for new applicants, but in the long run, we're going to be in a much more favorable position.” - Tyler Chesser
💥 “You've got to continually look for feedback in the marketplace and say, look, this did not work. We had a failure. Failure is feedback. It's not fatal. Now. It's an opportunity for us to change strategy, for us to adjust." - Tyler Chesser
ABOUT CHARLES
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 has extensive knowledge in renovating and repositioning multifamily and commercial real estate.
BROUGHT TO YOU BY CF CAPITAL
CF Capital is a national real estate investment firm, with a mission to provide property investment and asset management solutions to help investors like you maximize through high-value multifamily communities.
If you are looking for risk-adjusted alternative investments and seeking tax optimized cash flow without all the hassle of management, you might benefit from investing alongside our team.
You’re invited to reach out and learn how you can invest with us by visiting cfcapllc.com.
SPONSORED BY SHARPWILKINSON
This episode of Elevate is sponsored by Sharp Wilkinson, a boutique digital marketing and sales agency specializing in leveraging data to optimize and deliver the results that matter to you and your business.
For the organization that needs to cut through the noise, Sharp Wilkinson is your marketing partner—always ready to take action—and help you grow with proven, data-driven marketing and sales strategies.
Ready to see your business grow? Growth starts at sharpwilkinson.com.
An Important Announcement from Tyler
E320 Peter Boockvar – Insights for Investor Action: Assessment of the Current Economic Landscape and Market Conditions from a Leading Voice in Finance
E319 Tyler Chesser – Think and Raise More Capital: The Secrets of Building Trust, Aligning Investor Interests and Becoming an Elite Equity Raiser
E318 Vinki Loomba – Vibrating on the Wavelength of Your Dreams: Unleashing Your Potential with Manifestation in Real Estate
E317 Brien Lundin – From Gold to Geopolitics and Macroeconomics: Expert Investor Perspectives for the Long-Term, Wise Investor
E316 Tyler Goble – How to Leverage Data Science to Transform Your Investments and Use Your Financial Success to Make Massive Impact
E315 Marc Weisi – From Wall Street to Main Street: Success in Real Estate and Leveraging it to Design Your Ideal Lifestyle
E314 Keith Wasserman – Compounding: Leveraging Common Sense, Grit, and Being a Contrarian to Scale Your Real Estate Holdings
E313 Dr. Mikki Lake – Practicing Medicine on Your Own Terms: From Overwhelmed to Free by Intelligently Leveraging Real Estate Investments
E312 Matt Faircloth – Unleashing Your Authentic Self: Adding Value and Attracting Opportunities in Real Estate and in Life
E311 Bernard Reisz – Investing in Great Assets, Elevating Your Tax Strategy & Leveraging the True Value of the NPV of What You Do with Tax Savings
E310 Chester Elton – Mastering the Art of Engagement: Fostering Teamwork and Collaboration for Success
E309 Mark Kenney – How to Invest, Grow, and Scale in Multifamily Real Estate, Navigating Challenges and Overcoming Setbacks
E308 Scott Lewis – Designing and Managing a Large Thriving Real Estate Investment Organization with Strategic, Operational and Tactical Excellence
E307 Marshall Goldsmith – Breaking Through Limiting Beliefs: Unleashing Your Potential for Success and Happiness with the #1 Leadership Thinker in the World
E306 Chris Salerno – Create Your Own Luck: Leveraging Ambition and Burning Desire, Working Smarter and Harder Than Anyone Else
E304 Pete VanderVeen – Become a Better Leader and Real Estate Investor with Emotional Intelligence
E303 Tyler Chesser – The Power of Going Big: Unlocking Your Potential in Real Estate and Life
E302 Amanda Cruise - Unleashing Abundance: How Real Estate Can Transform Your Life
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