WS1620: Operating a Real Estate Business with Compassion (Part 2) | Nick Stageberg

In this second of a two-part episode, we learn how Black Swan Real Estate principal, Nick Stageberg, has used his financial savvy with a genuine concern for the well-being of his clients and employees. Together with his wife, these compassionate investors have set a great example for others to follow. Plus, he shares his insights on the collapse of Silicon Valley Bank and how they were able to foresee it many years ago. Key Points From This Episode: What should active and passive investors learn from his experience in the industry?What are his thoughts on the collapse of Silicon Valley Bank?How does he find different types of accounts?What has happened to his business in the past few years?How did he grow his team internally?How does he find the right people to work for him?What are some of the most important metrics that he tracks?How does he give back to the community? Tweetables:“So a lot of real estate syndicators out there right now are in a challenging spot where they got a bunch of variable rate debt in the last few years, but we knew that rates were gonna go up and asset values were gonna go down.”“If you had long-term fixed-rate debt, you might be able to weather that storm just fine. And if you had variable rate debt, you might be in a challenging spot.” “My present self thanks my past self, that we made the hard decision to get that kind of higher rate at the time fixed rate debt versus a lower rate, variable rate debt. And this is going to hit every industry“So if you're not using real estate trust accounts, you should be, let me just say that you should be. And those accounts are really special accounts that are specially enshrined in the US banking system, they are exempt from FDIC limits.”“You should absolutely be using a real estate trust account. That's the After interviewing thousands of entrepreneurs, one truth is clear: business success means little if it costs your marriage, family, or faith.I'm now hosting the Courageous Men podcast for men who want to lead well at home and at work. I'm looking for five men to walk closely with who want to lead well at home and work.  Email me at [email protected] and tell me why you should be one of the five. whitneysewell.com  VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow📝 JOIN THE DISCUSSIONhttps://www.facebook.com/groups/realestatesyndication➡️ FOLLOW UShttps://twitter.com/whitney_sewell https://www.instagram.com/whitneysewell/ https://www.linkedin.com/in/whitney-sewell/ ⭐ Be Our Guest!We are continuously working hard to help our listeners with their journey to real estate syndication. If you think you can add value in any way to our listeners who are in commercial real estate, then we’d love to have you over. Apply here: https://lifebridgecapital.com/join-our-podcast/