Andrew Segal formed Boxer Property, a Property Management Company, in September 1992. Under his oversight, the company has successfully reached into segments as diverse as resort hotels, retail centers, office and other real estate businesses, accounting for approximately 20 million square feet of space across the United States. He is also the co-founder of Stemmons Enterprise software company, helping organizations of all sizes set, track, and attain business management and operational goals. He received his B.A. from the University of Southern California. He attended the New York University School of Law and graduated with a Juris Doctor in 1992. In this episode, Chris and Andrew discuss predicting and capitalizing on the '08 crash, the process of building a real estate company vs. a software tech platform, building a massive workforce in India, and more. Enjoy!
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01:41 — Who is Andrew Segal? 04:30 — Why did you start in Dallas, what was the Real Estate world like in 1992? 07:57 — The co-working style of credit in Real Estate 09:16 — Were you the one closing deals? 11:03 — How did you have capital that was able to close a deal in 7 days? 12:15 — Has anything changed about your strategy from the 1990’s to the 2020’s? 14:13 — You lived through the crash of ’08, did you see it coming? How did you predict to liquidate everything? 18:35 — What happened that led up to the last day of ’09 where you decided “It’s time to buy”? 22:03 — Was this buying frenzy the same strategical route as the ’90s? 23:00 — What does a 7-day closing time window look like? 24:23 — Do you regret not buying more? 26:25 — What is the process after purchasing a property? Especially with the super short closing times. 27:33 — When did you decide to focus on real estate assets? 29:35 — How does a process become permanent? 31:41 — Is it harder to build a real estate company or a software tech platform? 34:58 — You’re now in markets everywhere. Are there any that stand out that’ll look a lot better in 10 years? 37:07 — Are you a believer in driverless cars? 38:59 — You’ve been hiring uber drivers, tell me more about that? 41:39 — How did you know to go build a workforce in India? 44:16 — Is there any Career changing advice you’ve received that got you to where you are today? 46:52 — What grabs your attention at this point in your career when we talk about Focus? 49:33 — What’s your 10-year prediction for the world? 51:32 — Are we going to see more or less regulation in real estate development? 53:50 — You did stop buying in 2016, ironically the stock market is down, what do the next 24 months look like? 58:36 — What did you mean by putting long term cheap debt on something will be seen as an asset on this market you’re predicting? 1:00:33 — If you want to see if Inflation is real or not, go look at a Big Mac…. 1:05:27 — What advice would you give your 21-year-old self? What is your Go-to Interview question?