Guest Speaker: Larry Pino
Businessman, Serial Entrepreneur, Author, Attorney and Investor Teaches How to Leverage Other People’s Money
Larry is the Founder and CEO of the revolutionary senior living facility Tuscan Gardens®. Prior to founding the company in 2010, he was the Founder and CEO of a private equity development and management company focused on starting, developing and growing business enterprises. He has served as Chairman or Board Member for many of those investments. He has created some 80 businesses in his professional career selling over $1.5 billion of goods and services, employing several thousand employees and generating half a billion dollars of investment capital. Over the past 30 years, Mr. Pino has transacted numerous real estate, stock, and investment ventures for himself and his clients exceeding $10 billion in value. Larry is also a commercial litigation attorney specializing in business and investment law. In the last 30 years, Larry has conducted some 5,500 speaking engagements, speaking to over one million people and appearing on 140 radio and television talk shows. In addition, he is the author of eleven books.
What you’ll learn in this episode:
*How he secured an option to buy one of his first properties, a historical building in downtown Orlando, using other people’s money – and later borrowed against the MAI appraisal which gave him the opportunity to buy the property and get his renovation dollars back
*Another example of how he leveraged other people’s money to buy a restaurant by simply executing a lease on renting.
*How to leverage OPM and other sources to get into properties of all kinds
*How he racked up credit card debt when making some of his early investments
*Leveraging the help of friends and families to make investments
*How he tested the outer boundaries of seller financing to secure properties early in his career
*Why seller financing with any number of liberal terms gets you by far the best leverage deal than any other method of purchasing property
*Solving the difference between the selling price and the amount the seller is financing to overcome fears of security laws
*The many different ways to structure seller and family and friend-financed deals
*How to effectively take advantage of the 506 (b) Safe Harbor Exemption, a transactional exemption which allows for n unlimited dollar value for issuances, an unlimited number of accredited investors and up to 35 non-accredited investors.
*Details of the 506 (c) exemption, which allows you to advertise properties. This rule provides two distinct exemptions from registration for companies when they offer and sell securities. They can raise an unlimited amount of money
*Understanding the role of the Private Placement Memorandum, which serves to disclose critical information to potential investors ensuring that they are properly informed regarding operations, investment risks, SEC disclosures and offering terms prior to investing.
*Why the complexity of the PPM goes up with the increasing complexity and dollar amount of the deal
*The difference in risk-reward ratios in real estate vs. a business
*How the condition of the real estate determines adjusted risk
*How rate of return varies by state
*How Larry integrates his legal, business and real estate investment lives
Resources:
https://tuscangardens.com/about/leadership/larry-pino/
Grab a FREE Copy of Lance’s Best Selling Book “How to Make Big Money in Small Apartments” Here.