Episode 42
In this episode, Kyle speaks with David Shorenstein, a seasoned real estate professional and principal at Hildreth Advisors. Shorenstein shares his journey from finance graduate to a successful real estate investor, detailing the multiple pivots and challenges he navigated in his career. The discussion covers Shorenstein’s early days in brokerage, the impact of regulatory changes, and his shift to asset-backed investments like shopping centers and marinas. Highlighting the importance of adaptability and tenacity, Shorenstein provides valuable lessons on building wealth and staying resilient in an ever-changing market. Don't miss this deep dive into the mindset and strategies behind real estate success.
Show Notes:
00:00 Introduction
01:09 Guest Introduction and Background
02:05 Current Projects and Day-to-Day Activities
03:05 Real Estate Strategies and Market Insights
07:31 Career Beginnings and Early Challenges
13:37 Navigating Market Cycles and Building Equity
20:57 Personal Motivations and Financial Anxiety
25:22 The Turning Point After College
27:03 Challenges in the New York Real Estate Market
30:03 Building Hildreth: A New Venture
32:07 Balancing Work and Personal Life
34:03 Raising Capital and Overcoming Obstacles
37:48 Leadership and Success Traits
43:27 Future Vision and Market Predictions
48:57 Final Thoughts and Reflections
