Clark St Capital

Real Estate Underground · Episode 189 · Season 5

No Government Owns Us: Building a Global Real Estate Portfolio with Ladislas Maurice

April 7, 2026 · 36m

Listen

Read the transcript →

Show notes

Send us Fan Mail

Ladislas Maurice left a corporate career at Nestle to spend the last nine years investing in real estate across emerging and frontier markets around the world. He buys apartments in Nairobi for $65,000, sits on land in Nicaragua, and flips properties in Montenegro. His approach is the opposite of what most US investors are used to: no leverage, no perfect data, and no rushing.

In this episode, Ed and Ladislas talk about:

  • Why emerging market real estate is actually a harder asset than US multifamily (and arguably less risky)
  • How he evaluates a new country before putting money in (the Uzbekistan stock exchange story is worth the listen alone)
  • Managing property across dozens of countries with local property managers (and why you always need a backup)
  • The case for putting a small percentage of your portfolio outside the US
  • How $200K in a Panama bank or $400K in Turkish real estate can buy generational citizenship and a Plan B for your family
  • The Ivory Coast deal that went wrong and why you should never skip the buyer's agent
  • His father's best advice: "You don't have to answer every question"

Learn more about Ladislas at The Wandering Investor and on YouTube.

Elevista - Speed as a Service™
Elevista Connect is the first AI-powered lead conversion system built for real estate investors.

Heads up: If you find this week's book intriguing and you buy using our link, we receive a small commission that helps support the show. Thank you!

🎧 Subscribe to Real Estate Underground for weekly insights on building wealth through real estate, without sacrificing your sanity.

Additional Resources:

Social Media:

  • LinkedIn -> Ed Mathews (President at Clark St and Elevista)

More episodes · Subscribe

192 more conversations.

Every Tuesday, an operator-grade conversation about multifamily underwriting and what actually works.

All episodes →Subscribe on your favorite app →

Want the underwriting work behind the show? Join the investor list.

By submitting, you agree to our Terms and Privacy Policy.

No spam. Unsubscribe any time.