Global Investors: Investing in U.S. Real Estate

In today’s market, many real estate investors are rethinking their strategy — especially in multifamily. Rising operating costs, tighter margins, and increased competition are forcing investors to look for more stable, cash-flowing opportunities. In this episode of the Global Investors Podcast, Irwin Boris shares why more investors are shifting toward small-bay industrial real estate — a less talked about asset class that offers strong tenant demand, lower volatility, and consistent cash flow. Irwin breaks down his journey from CPA and underwriter to industrial real estate investor, and explains how his operator-first mindset gives him an edge in today’s uncertain market. You’ll learn why small-bay flex industrial is gaining traction, how tenant behavior drives long-term stability, and what smart investors are looking for when entering new markets. If you're investing in multifamily or thinking about diversifying your portfolio, this episode will give you a clear perspective on where the market is heading. WHAT YOU’LL LEARN: Why investors are moving away from multifamily The real challenges of operating apartments today What small-bay industrial real estate actually is Why industrial tenants are more “sticky” How to evaluate new real estate markets The importance of conservative leverage and cash flow Why many syndication deals are failing today How experienced investors manage risk Learn More About Irwin Here: https://www.peykar.capital/ 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/

Most investors overpay for apartment renovations—and it quietly destroys their returns. In this episode, we break down a smarter renovation strategy used by experienced multifamily investors to maximize ROI and avoid costly mistakes. You’ll learn how to apply the 36-month payback rule, how to analyze rent comps correctly, and why simple upgrades often outperform full renovations. If you’re investing in rental properties or multifamily real estate, this framework will help you increase NOI, improve cash flow, and make better capital allocation decisions. What you’ll learn: The 36-month renovation payback rule explained When to renovate (and when not to) How to avoid over-renovating your units Light vs full renovation: which performs better How to test renovation levels across units How to use rent comps the right way This is essential for anyone focused on apartment renovation ROI, multifamily investing, and value-add strategies. 🎯 If you found this helpful, subscribe for more real estate investing strategies and weekly insights. Links Referenced in Episode: https://youtu.be/fN7h6xCTlJc 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/

He came to the U.S. with just $500… and turned it into a $12M real estate portfolio. In this episode of the Global Investors Podcast, Andres Bernal breaks down exactly how he built his portfolio from the ground up — from his first deal to scaling flips, rentals, and a team that runs the operation. This is not theory. It’s a tactical breakdown of what actually works in real estate today. You’ll learn: How Andres went from working 50–60 hours a week to building financial freedom The exact strategy behind flipping 50+ properties in 2 years How he built a contractor team from scratch (without connections) Why student rentals outperform traditional rentals in certain markets The truth about Section 8 investing (and why most investors misunderstand it) How to screen tenants properly to avoid costly mistakes When to sell properties and redeploy capital for better returns The biggest mistakes new real estate investors make (and how to avoid them) If you're serious about building wealth through real estate, this episode gives you a real-world blueprint — no fluff, no hype. Learn More About Andres Here: https://www.linkedin.com/in/andres-bernal-6b6716398/ 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/

If you’re underwriting a multifamily deal and relying on rent growth… you might already be making a costly mistake. Over-optimistic rent projections are one of the biggest reasons apartment deals look great on paper—but fail in real life. In this video, we break down how to spot unrealistic rent growth, how to analyze true market rent vs current rent, and how to avoid overpaying for a deal. Whether you're an active investor or a passive investor reviewing deals, understanding this one assumption can protect your downside and improve your long-term returns. What you’ll learn: The difference between current rent and true market rent How to analyze rent comps correctly Why “3% rent growth” is often misleading How new supply impacts rent growth The biggest underwriting mistakes investors make If you want to avoid bad deals and make smarter investment decisions, this is a must-watch. Subscribe for more multifamily investing strategies and real estate insights. Links Referenced in Episode: https://youtu.be/AZMOE35popA 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/

If you think real estate is the best way to build passive income… you might be missing a huge piece of the puzzle. In this episode of the Global Investors Podcast, Dr. Jason Balara breaks down the real difference between investing in multifamily real estate and acquiring small businesses — and why combining both could be the smarter strategy for long-term wealth. We go beyond the typical “passive income” narrative and talk about what actually happens when markets shift, cash flow slows down, and investors are forced to adapt. You’ll learn: If you're trying to decide where to put your money, this conversation will challenge your assumptions. Learn More About Jason Here: 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/

If you think interest rates are the most important part of a real estate deal… you might be making a costly mistake. In this episode, we break down why loan term matters more than interest rate and how short-term debt has destroyed deals—especially in volatile markets like 2022–2023. Most investors focus on getting the lowest rate possible. But the real risk isn’t the rate… it’s the structure of your debt. You’ll learn how long-term debt: If you want to invest safely and avoid forced sales or bad refinancing decisions, this is a must-watch. Links Referenced in Episode: https://youtu.be/wyPo_5zNnuM 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/

Why investors are killing security deposits and what’s replacing them in multifamily real estate. In this episode, Andrew Bowen breaks down how zero-deposit leasing is changing NOI, reducing bad debt, and reshaping leasing strategy across the industry. Security deposits have quietly collapsed over the last decade but most investors don’t realize the hidden risk this creates. In this conversation, we dive into: Why traditional security deposits are becoming obsolete The difference between physical occupancy vs economic occupancy How bad debt is quietly eating into multifamily returns How zero-deposit leasing works (and why operators are adopting it) The role of lease insurance in protecting owners How fraud, skips, and poor screening impact NOI Why better operations — not just higher rent — drives real value If you’re investing in multifamily or analyzing deals, this episode will change how you think about risk, leasing, and long-term returns. If you’re serious about building wealth through real estate investing, make sure to subscribe and turn on notifications. Learn More About Andrew Here: https://leaselock.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/

Understanding the multifamily operating expense ratio is critical for analyzing apartment building investments. Two properties may generate the same income, but their operating expenses can be dramatically different — and that difference can make or break your investment returns. In this episode of Strategy Saturday, Charles Carillo explains how the operating expense ratio in real estate works, how to calculate it, and how investors use it to evaluate multifamily deals. You’ll learn what expenses are included, what costs are excluded, and why the commonly referenced 50% expense rule can be a useful benchmark when underwriting apartment buildings. This video also covers typical expense ratio ranges for Class A, Class B, and Class C multifamily properties, and explains how factors like property age, market conditions, management efficiency, and deferred maintenance can impact operating expenses. Whether you're analyzing your first rental property or evaluating a large apartment complex, understanding the expense ratio for multifamily investing can help you identify hidden risks and avoid bad deals. In this video you’ll learn: • What the operating expense ratio is in multifamily real estate • How to calculate operating expense ratio step-by-step • What operating expenses are included in real estate analysis • Typical expense ratio benchmarks for Class A, B, and C properties • Common underwriting mistakes investors make when analyzing expenses • How expense ratios help investors identify potential deal risks Understanding operating expenses is one of the most important skills in multifamily underwriting, and mastering this metric will help you evaluate deals more confidently. Links Referenced in Episode: 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/

Andrew Freed went from a W-2 employee to owning over 550 rental units in just a few years — all while working his job. In this episode of the Global Investors Podcast, Andrew shares the strategies he used to scale his multifamily real estate portfolio, including house hacking, creative financing, value-add investing, and building relationships with local banks and mentors. If you're a W-2 professional who wants to start investing in real estate, this episode breaks down the exact steps Andrew used to grow from 0 units to hundreds of units through smart leverage and disciplined execution. In this episode we discuss: • How Andrew scaled from 0 to 550 rental units • Using a W-2 job as leverage for real estate investing • The house hacking strategy for acquiring multifamily properties • Creative financing with FHA loans and local portfolio lenders • How to find and execute value-add multifamily deals • The role of mentorship in accelerating real estate success • Managing older multifamily properties and workforce housing • Why vertical integration and in-house property management can create a competitive advantage • The biggest mistakes investors make when scaling with other people's money This episode is packed with practical insights for anyone looking to build long-term wealth through multifamily real estate investing. Learn More About Andrew Here: https://freedommanagement.net/ 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/

Most real estate investors think the only way to increase net operating income (NOI) is by raising rents or renovating units. But what if you could increase your rental property cash flow without raising rent at all? In this video, we break down the hidden cashflow strategies real estate investors use to increase NOI — even in slow markets where rent growth disappears. These operational strategies can help multifamily investors improve property performance, reduce vacancy, control expenses, and unlock additional income streams. If you own rental property or invest in apartment buildings, understanding how to increase NOI without relying on rent increases can dramatically improve your investment returns. In this episode, you'll learn: • How to increase NOI without raising rent • Why operational efficiency matters more in a slow real estate market • The biggest mistake investors make when rent growth stops • How reducing vacancy and turnover increases property cash flow • Expense optimization strategies used by professional asset managers • Hidden income opportunities most property owners overlook These strategies are commonly used by experienced multifamily investors to improve net operating income, increase property value, and stabilize cash flow. Since property values are largely determined by NOI, improving operations can significantly increase the value of your real estate investment. If you want to learn how to grow rental property income without major renovations, this video will show you the operational strategies that make the biggest difference. Links Referenced in Episode: https://youtu.be/ZD7UIyYUn_U 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/

Many real estate investors start with single-family rentals or small multifamily properties—but very few ever scale beyond a handful of units. In this episode of the Global Investors Podcast, Ashley Garner shares how he scaled from small rentals to 196-unit multifamily deals and why small landlords often get “mathematically eliminated” from building real wealth. Ashley explains the key shift every real estate investor must make: moving from operator to system builder. If you're interested in multifamily investing, workforce housing, or scaling a rental portfolio, this conversation breaks down the real strategies behind long-term real estate wealth. In this episode, you’ll learn: • Why small rental portfolios often fail to create financial freedom • The math behind scaling multifamily real estate • When to stop self-managing properties • Why building a team is critical for scaling • The advantages of focusing on one real estate market • How financing evolves from small deals to large multifamily assets • HUD 223(f) loans and long-term multifamily financing • How professional investors source real estate deals • The biggest mistakes new multifamily investors make Connect with Ashley Garner: https://abgmultifamily.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/

Are rent concessions helping your property or quietly destroying your NOI? In competitive multifamily markets, free rent, waived fees, and move-in specials are everywhere. But what looks like a small concession on one unit can scale into serious cash flow erosion across an entire apartment complex. In this episode of Strategy Saturday, we break down: How rent concessions impact multifamily cash flow The difference between asking rent and effective rent When concessions help during lease-up and stabilization Why heavy concessions create renewal problems How concessions affect apartment valuation and refinancing The underwriting mistake many investors overlook If you own, operate, or invest in apartment buildings, understanding how concessions affect NOI is critical. Used strategically, they can help stabilize a property. Used incorrectly, they can compress margins and reduce long-term value. Before offering one month free rent or underwriting a deal with concessions - Listen this. Links Referenced in Episode: 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/

How do you go from buying a $7,500 lot at 17 years old to owning over 1,400 apartment units? In this episode of the Global Investors Podcast, Paul Montelongo shares how he transitioned from single-family flips and a marina resort to building a large multifamily portfolio across multiple markets — and why mastering capital raising changed everything. Paul breaks down: • How he scaled from residential flips to 1,400+ units • Why workforce housing outperforms in uncertain markets • The biggest mistake most real estate investors make • How he structures asset management and third-party property management • Why data centers may be the next major real estate opportunity • The power of treating real estate like an operating business If you're serious about multifamily investing, capital raising, and building scalable real estate businesses, this episode is packed with high-level strategy. Learn More About Paul Here: https://www.montelongocapital.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/

Most landlords underestimate the power of a resident referral program — and that mistake costs them occupancy, leads, and cash flow. In this Strategy Saturday episode, Charles Carillo breaks down how to structure tenant referral bonuses the right way — legally, strategically, and effectively. You’ll learn: How resident referral programs actually increase apartment occupancy The difference between cash bonuses vs rent credits Why most landlords structure referral incentives incorrectly Legal limits in states like Florida and Texas How to use two-sided incentives to boost lease conversions When you can offer larger referral bonuses through licensed real estate agents How to promote your referral program so it actually works A properly designed multifamily referral incentive system turns your tenants into a decentralized marketing team — generating warmer leads and reducing vacancy faster than traditional advertising. If you own or manage rental property, this is a leasing strategy you can’t ignore. Links Referenced in Episode: https://youtu.be/WmKGYiDzdwI 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/

Former X Games medalist Dan Brisse didn’t just win medals — he built a $500M multifamily real estate portfolio. In this episode of the Global Investors Podcast, Dan shares how he transitioned from professional snowboarding to apartment investing, why most pro athletes go broke, and the three financial principles that changed his life. We break down: • How Dan survived 8 years of setbacks before his breakthrough • Why high income alone doesn’t create wealth • The shift from earned income to passive income • How Granite Towers Equity Group built 3,000+ units • Why today’s multifamily market may offer generational buying opportunities • How inflation destroys cash — and how to hedge it • The power of depreciation and real estate professional status If you’re serious about building passive income, protecting your capital from inflation, and investing in apartments the right way — this episode is for you. Learn More About Dan Here: www.granitetowersequitygroup.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/

Many new investors immediately raise rents after buying an apartment building. That’s a mistake. In this Strategy Saturday episode, we break down 5 practical ways to increase NOI in the first 90 days after buying a multifamily property, without aggressively raising rent. If you’ve just acquired an apartment complex, your first priority should be cash flow stabilization, not rent hikes that damage occupancy. In this episode, you’ll learn: Why raising rent too early can hurt your occupancy How submetering utilities increases NOI over time How to renegotiate vendor contracts post-acquisition How to reduce vacancy loss and tenant turnover time Why tightening tenant screening improves long-term performance How operational upgrades create durable NOI growth These multifamily asset management strategies help you increase net operating income through operational discipline, not pricing pressure. If you’re a real estate investor looking to improve property operations and grow cash flow the smart way, this episode is for you. Links Referenced in Episode: SS203: Insider Tips for Effective Tenant Screening 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/

In this episode of the Global Investors Podcast, Chase Calhoun shares why he pivoted from messy value-add rehabs to scalable ground-up build-to-rent development and how that shift helped him grow to 75+ residential units in Central Arkansas. We discuss: • Why heavy rehabs can destroy your returns • The biggest construction budgeting mistakes investors make • How build-to-rent creates cleaner scalability • Why vertical integration gives operators a serious edge • The future of the American renter market • When to self-manage vs hire property management • How to scale without burning out If you're a real estate investor trying to decide between value-add rehabs and new construction rentals, this episode breaks down the risks, strategy shifts, and long-term thesis behind build-to-rent investing. Learn More About Chase Here: https://www.chasecalhoun.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/

Gross Rent Multiplier (GRM) is one of the most commonly used metrics in real estate investing but it’s also one of the most misunderstood. In this Strategy Saturday episode, Charles Carillo breaks down what the Gross Rent Multiplier is, how investors actually use it, and why most investors misuse it when analyzing rental properties. GRM is a fast, back-of-the-napkin screening tool that can help you evaluate dozens of deals quickly but relying on it alone can lead to bad investment decisions. This video explains when GRM is useful, when it becomes dangerous, and what critical factors it completely ignores, including expenses, CapEx, vacancy, and financing. If you invest in rental properties or multifamily real estate, this episode will help you avoid common analysis mistakes and improve your deal screening process. What You’ll Learn in This Video: What the Gross Rent Multiplier (GRM) actually measures How to calculate GRM correctly When GRM is useful for screening deals Why GRM can be misleading if used incorrectly Key limitations most investors overlook Why GRM is not a replacement for full underwriting 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/

In this episode of the Global Investors Podcast, host Charles Carillo sits down with Sam Morris, Partner at Lone Star Capital, to break down what it actually takes to operate large-scale multifamily investments. Sam shares how he went from underwriting over $1B in bank loans to overseeing a 5,300+ unit apartment portfolio, including the hard lessons learned from disasters, insurance claims, property taxes, preferred equity, and vertical integration. This conversation goes far beyond surface-level investing advice. You’ll hear how institutional operators evaluate deals, why management matters more than spreadsheets, and how real-world challenges like hurricanes, rising taxes, and capital stack complexity can make—or break—a deal. If you’re a passive investor, active syndicator, or serious about understanding how large multifamily deals actually work, this episode delivers real insight from decades of experience. What You’ll Learn in This Episode: How early underwriting experience creates long-term investing advantages Why large multifamily deals are often easier to manage than small ones Lessons from a hurricane that destroyed Sam’s first apartment deal How insurance, CapEx, and refinancing can reshape returns Why Texas taxes and insurance require specialized strategies The real benefits of vertical integration in multifamily How syndication fees actually work (and what to watch out for) Preferred equity explained—and why investors need to understand it The single biggest mistake investors make: underestimating management Learn More About Sam Morris Here: https://www.lscre.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/

In this Strategy Saturday episode, Charles Carillo breaks down how investors can identify deferred maintenance during property walkthroughs before going under contract. You’ll learn how to spot hidden repair issues, what major systems to inspect first, and how to budget correctly for potential problems during multifamily due diligence. This episode focuses on practical, real-world walkthrough insights, not turning you into a property inspector, but helping you know what to look for and who to hire. In this episode, we cover: What deferred maintenance really means for investors Walkthrough red flags most buyers overlook How roofs, plumbing, electrical, and HVAC issues impact underwriting Why water damage is one of the biggest hidden risks How deferred maintenance affects insurance costs and liability Using walkthrough insights to price offers and negotiate confidently Whether you’re a first-time multifamily investor or already buying apartment buildings, this episode will help you avoid costly assumptions and make better-informed decisions. Links Referenced in Episode: https://youtu.be/c_IajLHirNc 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/