Global Investors: Investing in U.S. Real Estate

SS282: What Passive Investors Look for in Apartment Deals

Most new passive investors focus mainly on projected returns, but experienced passive investors know that the real question is: how much downside risk is built into the deal?
In this Strategy Saturday episode, Charles Carillo breaks down what passive investors actually look for when reviewing apartment deals and multifamily syndications. After investing passively since 2018, investing in over 30 properties, and speaking with hundreds of passive investors, Charles shares the key factors that matter most before investing.
You’ll learn how passive investors evaluate the sponsor team, conservative underwriting, downside protection, market strength, reserves, business plans, tax benefits, and projected returns.
In this episode, Charles discusses:
• Why smart passive investors do not only chase high returns• How to evaluate a sponsor team’s experience and track record• Why full-cycle deals matter• How to check whether underwriting is actually conservative• Why rent comparables can make or break an apartment deal• How break-even occupancy and reserves protect investors• Why market and location are critical in multifamily investing• How to review the business plan before investing• Why the best deals communicate realistic assumptions and strong alignment
The strongest apartment deals are not always the ones with the flashiest projections. They are the ones backed by a solid plan, realistic assumptions, strong communication, and proper downside protection.
Links Referenced in Episode: 
SS117: How to Minimize Risk When Investing Passively in Real Estate Syndications - https://youtu.be/kEe1dRb9H6s
Connect with the Global Investors Show, Charles Carillo and Harborside Partners:
◾ Setup a FREE 30 Minute Strategy Call with Charles: http://ScheduleCharles.com
◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/ ◾ FREE Passive Investing Guide: http://www.HSPguide.com ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com ◾ Passively Invest in Real Estate: http://www.InvestHSP.com ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/

GI359: How to Maximize Short-Term Rental Revenue with Dan Rivers

In this episode of the Global Investors Podcast, Charles Carillo interviews Dan Rivers, founder of Synergy Stays, a short-term rental revenue management company helping investors and property managers maximize profitability.
Dan shares how short-term rental investing has changed, why average Airbnb listings are struggling, and what today’s successful STR operators are doing differently. He explains why short-term rentals should be treated as a real hospitality business, not just a real estate investment, and how better pricing, listing optimization, guest experience, amenities, and marketing can help owners increase bookings and revenue.
Charles and Dan discuss Airbnb and Vrbo search rankings, revenue management, professional photography, listing titles, amenity optimization, guest avatars, cancellation policies, minimum-night stays, AI tools, five-star reviews, and how multifamily owners may be able to use short-term rentals to increase NOI.
Learn More About Dan Here:
SynergyStays - www.synergystayslocal.com
Connect with the Global Investors Show, Charles Carillo and Harborside Partners:
◾ Setup a FREE 30 Minute Strategy Call with Charles: http://ScheduleCharles.com
◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/ ◾ FREE Passive Investing Guide: http://www.HSPguide.com ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com ◾ Passively Invest in Real Estate: http://www.InvestHSP.com ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/

SS281: What I’d Do Differently on My First Multifamily Deal

In this Strategy Saturday episode, Charles Carillo looks back at his first multifamily deal — a 3-family property he purchased in 2006 — and shares the costly mistakes he made, what he learned from them, and what he would do differently today.
Charles explains why his first property renovation was more work than expected, why not having a clear renovation plan created unnecessary stress, and how better planning could have made the entire deal easier to manage.
In this episode, Charles discusses:
• Buying a heavy value-add property as a first deal• Why a clear renovation plan matters before closing• The importance of hiring the right contractor• Why every rental property needs a long-term business plan• How delayed CapEx projects can create problems later• Why market timing matters when buying multifamily real estate
Buying your first rental property is one of the best learning experiences in real estate investing, but it can also be one of the most challenging. This episode will help new investors avoid common beginner mistakes and approach their first multifamily property with more clarity and preparation.
Links Referenced in Episode: 
SS116: How to Minimize Risk When Buying Your First Rental Property - https://youtu.be/kp7wbc5HsrM
Connect with the Global Investors Show, Charles Carillo and Harborside Partners:
◾ Setup a FREE 30 Minute Strategy Call with Charles: http://ScheduleCharles.com
◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/ ◾ FREE Passive Investing Guide: http://www.HSPguide.com ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com ◾ Passively Invest in Real Estate: http://www.InvestHSP.com ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/

GI358: From Physician to Investor: Building Generational Wealth with Dr. Chirag Chaudhari

Dr. Chirag Chaudhari  is an emergency medicine physician turned real estate syndicator, and the son of Indian immigrants.
What began as a few rental properties with his wife has grown into a portfolio spanning nearly 800 units through hotel-to-multifamily conversions, land syndications, ground-up construction, short-term rentals, and even oil & gas funds.

SS280: Common Underwriting Mistakes That Kill Returns

Most real estate deals don’t fail because of the market. They fail because of bad underwriting. In this Strategy Saturday episode, Charles Carillo breaks down the common underwriting mistakes that can quietly destroy investor returns, including overestimated rent growth, underestimated expenses, property tax surprises, unrealistic renovation premiums, and inaccurate repair budgets.
If you are buying multifamily properties, apartment buildings, or any income-producing real estate, your underwriting needs to be realistic, not overly optimistic.
You’ll learn how to protect your downside, verify key numbers, and avoid assumptions that can kill cash flow after closing.
Please remember to rate, review, and subscribe for more real estate investing insights.
Links Referenced in Episode:
SS114: Most Important Expenses When Underwriting an Apartment Building - https://youtu.be/xWtVXSre3xk
Connect with the Global Investors Show, Charles Carillo and Harborside Partners:
◾ Setup a FREE 30 Minute Strategy Call with Charles: http://ScheduleCharles.com
◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/ ◾ FREE Passive Investing Guide: http://www.HSPguide.com ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com ◾ Passively Invest in Real Estate: http://www.InvestHSP.com ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/
 
 

GI357: Why Self-Storage is the Smartest Play in Real Estate with Fernando Angelucci

Fernando Angelucci has purchased 55 self-storage facilities across 24 states, totaling approximately $240 million in value. In this episode, Charles Carillo speaks with Fernando about why self-storage investing has become one of the most attractive strategies in commercial real estate.
Fernando explains how he moved from engineering to house flipping, apartments, and eventually self-storage after getting tired of the “tenants, toilets, and trash” that come with traditional rental properties. He also shares how his company approaches self-storage as an operating business, not just a passive real estate investment.
In this episode, you’ll learn how Fernando evaluates self-storage deals, buys mom-and-pop facilities, increases revenue, cuts expenses, converts big-box retail stores, and develops institutional-grade self-storage properties from the ground up.
Fernando also breaks down the risks of self-storage investing, including rising competition, institutional capital entering the market, and why a cheap self-storage facility is not always a good deal.
Watch this episode if you want to understand how self-storage investing works, what makes a good self-storage market, and how experienced operators create value in this asset class.
Learn More About Fernando Here:
SSSE - https://ssse.com/
Connect with the Global Investors Show, Charles Carillo and Harborside Partners:
◾ Setup a FREE 30 Minute Strategy Call with Charles: http://ScheduleCharles.com
◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/ ◾ FREE Passive Investing Guide: http://www.HSPguide.com ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com ◾ Passively Invest in Real Estate: http://www.InvestHSP.com ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/

SS279: Debt Basics Every Apartment Investor Must Know

What if the wrong loan could quietly destroy your apartment deal—even if your underwriting looks perfect? 
Commercial real estate financing plays by a completely different set of rules than residential mortgages. In this episode of Strategy Saturday (SS 279), host Charles Carillo breaks down the critical commercial debt fundamentals every multifamily investor must master to protect their portfolio and personal wealth.
KEY CONCEPTS IN THIS EPISODE:• Commercial Lending Underwriting (Why 5+ units are different than 1-4 units)• Valuation Metrics: LTV (Loan-to-Value), DSCR (Debt Coverage Service Ratio), and LTC (Loan-to-Cost)• Risk Management: Recourse vs. Non-Recourse Debt (Protecting personal wealth)• Loan Schedules: Amortization period vs. Loan Term (Avoiding the balloon payment trap)• Prepayment Penalties: Step-Down (3-2-1 / 5-4-3-2-1), Defeasance, and Yield Maintenance• Commercial Loan Types: Agency, Bank, Bridge, and Permanent Financing
 
Links Referenced in Episode:
SS134: What is Debt Service Coverage Ratio (DSCR) - https://youtu.be/W6eB7NjThiY 
🎧 Listen on Apple Podcasts:https://podcasts.apple.com/us/podcast/global-investors-investing-in-u-s-real-estate/id1478632257
📺 Watch More Episodes:https://www.youtube.com/playlist?list=PL0f-I8DCAcPjYqiw_H4yL2vtcbJIHl-Qn
👉  Connect with the Global Investors Show, Charles Carillo and Harborside Partners:◾ Setup a FREE 30 Minute Strategy Call with Charles: http://ScheduleCharles.com◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/ ◾ FREE Passive Investing Guide: http://www.HSPguide.com◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com◾ Passively Invest in Real Estate: http://www.InvestHSP.com◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/
 

GI356: Why Bad Property Management Destroys Real Estate Returns with Tony Julianelle

Bad property management can quietly destroy real estate returns through vacancy, poor renewals, weak systems, rising expenses, compliance risk, and misaligned incentives.
In this episode, Charles Carillo interviews Tony Julianelle of Atlas Real Estate about how investors should think about property management, resident retention, operating systems, and building scalable real estate portfolios. Tony shares lessons from his 20-year career at Wells Fargo, the growth of Atlas Real Estate, and why strong management is not just about collecting rent—it is about protecting returns.
You’ll learn why “mailbox money” is often misleading, how renewals impact investor performance, what questions to ask before hiring a property manager, and why data, systems, and resident relationships are critical in today’s real estate market.
Learn More About Tony Here: https://realatlas.com/
 
Connect with the Global Investors Show, Charles Carillo and Harborside Partners:
◾ Setup a FREE 30 Minute Strategy Call with Charles: http://ScheduleCharles.com
◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/ ◾ FREE Passive Investing Guide: http://www.HSPguide.com ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com ◾ Passively Invest in Real Estate: http://www.InvestHSP.com ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/

SS278: How to Stress-Test a Multifamily Deal

What if your multifamily deal only works when everything goes right? In this episode of Strategy Saturday, Charles Carillo breaks down how to stress test a multifamily deal before investing real money. Most apartment investors focus only on projected returns, but experienced investors focus on downside protection and risk analysis.
You’ll learn how to analyze break-even occupancy, interest rate sensitivity, expense growth, DSCR pressure, and exit cap rate expansion to see whether your deal can survive under real market conditions.
This episode covers:
How to stress test a multifamily deal
Break-even occupancy explained
Multifamily underwriting mistakes
Interest rate sensitivity analysis
DSCR and refinancing risk
Exit cap rate expansion
Apartment investing risk management
Commercial real estate underwriting strategies
If you invest in apartment buildings, multifamily syndications, or commercial real estate, this video will help you avoid weak deals that only work on paper.
Links Referenced in Episode:
SS252: Property Expenses Increase as Properties Get Older - https://youtu.be/V-qRYPPxWVk
Connect with the Global Investors Show, Charles Carillo and Harborside Partners:
◾ Setup a FREE 30 Minute Strategy Call with Charles: http://ScheduleCharles.com
◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/ ◾ FREE Passive Investing Guide: http://www.HSPguide.com ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com ◾ Passively Invest in Real Estate: http://www.InvestHSP.com ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/

GI355: Why High-Income Professionals Fail at Real Estate Investing with Buck Joffrey, MD

High income does not always mean financial freedom. In this episode, Charles Carillo interviews Buck Joffrey, MD — a surgeon turned entrepreneur, real estate investor, and host of Wealth Formula Podcast.
Buck shares why many high-income professionals struggle to build real wealth, how he moved from medicine into real estate, and why cash flow matters more than income alone.
They also discuss today’s multifamily market, distressed buying opportunities, value-add investing, operator due diligence, leverage, cash reserves, and what passive investors should watch before investing in a deal.
Learn More About Buck Here: 
Wealth Formula - https://www.wealthformula.com/
Connect with the Global Investors Show, Charles Carillo and Harborside Partners:
◾ Setup a FREE 30 Minute Strategy Call with Charles: http://ScheduleCharles.com
◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/ ◾ FREE Passive Investing Guide: http://www.HSPguide.com ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com ◾ Passively Invest in Real Estate: http://www.InvestHSP.com ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/