E305 Charles Carillo – Leveraging Real Estate Challenges to Grow Your Portfolio and Using a Buffer to Protect and Compound Your Wealth

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 p