Bruce Stachenfeld is a well-known, prolific real estate attorney, investor, and author known as the Real Estate Philosopher. Having defined a specific niche in his career over 20 years ago, he has since become a “real estate junkie” who practices, writes on, and speaks to the subject every day. We speak with him on the power of remaining extremely focused in your passions/mission in order to carry the strongest influence and become a true expert at what you do. With that mindset, Bruce has been able to build an empire of brand recognition and trust associated with his name.
In this podcast episode, Bruce tells his story of stumbling upon real estate decades ago, how he has become so knowledgeable on the subject, and what continues to drive his love for it today. He also shares with us the three factors he considers, and the two questions he asks himself before investing in any real estate opportunity. Believe it or not, he doesn’t advise swinging for the fences. Hear more about the humble approach to investing that has allowed him to learn from his mistakes to get where he is today.
Key Insights:
- How to take your business to the next level by defining an extremely targeted niche
- Three factors to consider when approaching a real estate deal, and why you shouldn’t necessarily “swing for the fences”
- How to strategically evaluate risk in the current market dynamics
- Why your primary residence should not be seen as an investment
- Finding meaning and purpose in your work by giving back to others
Guest Bio:
Bruce Stachenfeld is one of the nation’s preeminent real estate attorneys, with over 30 years of experience encompassing tens of billions of dollars of real estate transactions of all kinds. He is a founding partner of Duval & Stachenfeld, one of the premier real estate law practices in New York City, and he also acts as the Firm’s Chairman. He is known to be one of the most “connected” real estate lawyers throughout the worldwide real estate community. He is also a thought leader, author and public speaker in both the law firm and real estate worlds.
Resources:
Real Estate Philosopher Newsletter
Real Estate Philosopher’s Guide Book