Today's guest is Larry Taylor.

 

Larry Taylor is the founder and Chief Executive Officer of Christina. Mr. Taylor is responsible for vision, strategy and leadership. Mr. Taylor is a seasoned investor with over 40 years of real estate experience in the Westside region of Los Angeles.

 

Show summary: 

In this podcast episode, Larry explains how his company identifies valuable properties and adjusts their portfolio in response to market shifts. He also discusses the expansion of Christina's investor base, now open to all 50 states, and the opportunities this presents. The episode concludes with Larry sharing his insights on the desirability of owning real estate in the Westside region of Los Angeles and the host directing listeners to Christina's website for more information.

 

--------------------------------------------------------------

The perception of buying rent controlled properties (00:00:00 )

Larry Taylor's background and starting in real estate (00:01:11 )

The impact of regulatory environment on real estate business (00:04:53 )

The importance of performance certainty in property sales (00:12:14 )

Adapting portfolio strategy in response to changes in tax and securities laws (00:13:55 )

The benefits of real estate ownership and the government's support (00:16:17 )

The growth of investor base and potential for discounted properties (00:22:29 )

The vision of owning the best real estate (00:23:49 )

Contacting Christina (00:24:28 )

--------------------------------------------------------------

Connect with Larry: 

Linkedin: https://www.linkedin.com/company/christinala/

 

https://www.linkedin.com/in/lawrence-taylor-7679479/

 

Web: https://christinala.com/

 

 

Connect with Sam:

I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.  

 

Facebook: https://www.facebook.com/HowtoscaleCRE/

LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/

Email me → sam@brickeninvestmentgroup.com

 

SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson

Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234

Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f

--------------------------------------------------------------

Want to read the full show notes of the episode? Check it out below:

Larry Taylor (00:00:00 ) - There's a perception amongst investors that buying rent controlled properties which have depressed rent rolls because those rents have not been allowed to go to market is a bad investment. And I say, oh no, no, no, that's a good investment. You're never going to have a vacancy. And the value can only go up because ultimately, no matter what, rents will rise because they have to rise.

 

Sam Wilson (00:00:25 ) - Welcome to the how to scale commercial real estate show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big. Larry Taylor is the founder and chief executive officer of Christina. He is a seasoned investor with over 48 years of real estate experience in the West Side region of Los Angeles. Larry, welcome to the show.

 

Larry Taylor (00:00:51 ) - Hello there. And how are you?

 

Sam Wilson (00:00:53 ) - I'm great sir. How are you today?

 

Larry Taylor (00:00:55 ) - I'm doing really great and I appreciate the opportunity to be on your show.

 

Sam Wilson (00:00:59 ) - The pleasure is all mine. Larry, there are three questions I ask every guest who comes on the show in 90s or less.

 

Sam Wilson (00:01:06 ) - Can you tell me where did you start? Where are you now? And how did you get there?

 

Larry Taylor (00:01:11 ) - Uh, I am a self-made self-starter. Uh, started as a USC junior. I was a scholarship student. I formed the my first real estate company while I was a student. Uh, the premise of that was to buy real estate in the west side of Los Angeles during the, uh, Nixon wage and price level freeze. And, uh, today we're doing the same thing in the same location.

 

Sam Wilson (00:01:40 ) - Wow. Most people. I would assume. Maybe I'm wrong, but. You know, the strategy shift over the years or the asset classes or the type shift. I mean, doing the same thing and the same location for 48 years. It sounds like you guys have either, um, just gone really, really niche or I just found a gold mine and just don't want to leave it. What? What's the story there?

 

Larry Taylor (00:02:09 ) - Well, the West Side region of Los Angeles is like the Permian Basin.

 

Larry Taylor (00:02:14 ) - Basin? Basin is to oil. It's drilling oil on a proven field.

 

Sam Wilson (00:02:21 ) - Okay.

 

Larry Taylor (00:02:22 ) - It's fully it's fully developed. It's highly desirable. It is the best year round climate of the United States. Has the highest concentration of millionaires and billionaires in the world. It's the center of tourism center of an entertainment center of technology, two largest ports, and the two busiest ports in the United States. I could go on and on, but, um, uh, if you're drilling oil in a proven field, you're always going to hit oil, right?

 

Sam Wilson (00:02:50 ) - Right. I mean, you a lot of things have changed. I think maybe we maybe you said this off air. Maybe we said this, uh, at the beginning of this recording. I'm not not quite sure which one it was, but I think you said you guys formed your company in September of 1977.

 

Larry Taylor (00:03:06 ) - That's correct.

 

Sam Wilson (00:03:06 ) - A lot of things have changed in in your region, I would think in particular both socially regulatory wise. I mean, a lot of things have kind of come down the pipe that have have made, uh, a lot of people kind of steer away from California.

 

Sam Wilson (00:03:20 ) - I know you just mentioned at least ten reasons. I think right off the top of your head as to why what you're doing is, is, is the right time and the right place to be there. But kind of give us, if you can, some of the history of how some of the changes of have have, uh, come about and then how they've affected the way you guys have done business.

 

Larry Taylor (00:03:38 ) - Well, first of all, California is a huge state. Yeah, California, the the economy of California, if it was a separate country, would be the sixth largest economy in the world. Uh, there's a world of difference in California, where the northern part of California doesn't resemble the southern part. Um, it's a very, very huge area. And Los Angeles is a very, very huge geographical community. And so when people talk about California, you might as well be talking about southern South America, or you might as well just talk about Western Europe. I mean, California is a huge and diverse, uh, state, which is, you know, larger than most countries.

 

Larry Taylor (00:04:28 ) - And so when people talk about California, I don't know what they're talking about, because I can only talk to you about the hundred square miles of the west side of Los Angeles. I don't know anything about the rest of California.

 

Sam Wilson (00:04:41 ) - Got it. Very good. But can you. Can you give us a little insight maybe as to kind of the, the way the regulatory environment has shaped the way you guys do business, if it has it all.

 

Larry Taylor (00:04:53 ) - Well, of course it has. And its constantly regulations are constantly are constantly being enacted, reenacted, revised. Um, and and that's just not just Los Angeles or just California. It's the entire United States. So the regulatory environment is, you know, again, it creates opportunities. If you look at it strategically, it's the regulatory environment that creates opportunities rather than, uh, acts to, you know, uh, restrict opportunities.

 

Sam Wilson (00:05:34 ) - Can you give some insight?

 

Larry Taylor (00:05:36 ) - Sure. For ex