In this episode of Zen and the Art of Real Estate Investing, Nic DeAngelo, president of Saint Investment Group, shares his path from construction work to asset management. Saint Investment Group looks into large-scale distressed asset purchases and innovative syndications. Nic has two decades in real estate and is an expert in investing and capital raising, specializing in real estate and debt markets.
Nic’s story begins with his early fascination with real estate, influenced by books like Gary Keller’s “The Millionaire Real Estate Investor” and biographies of business moguls such as Rockefeller. He emphasizes consistency and leveraging time, noting that his experiences in construction and banking provided a strong foundation for his transition into investing and syndications.
Nic believes that tangible assets, such as real estate, offer unmatched long-term value, making them a cornerstone of his investment strategy. He highlights recognizing and leveraging individual strengths. Nic also shares new investors’ common misconceptions, particularly about the effectiveness of spreadsheets in managing small-scale versus larger commercial properties. By acknowledging that success in real estate doesn’t fit a single mold, Nic stresses building teams where each member can operate to their highest and best use.
You’ll also hear Nic’s thoughts on becoming a versatile team player to gain broad experience and identify your strengths. He advises specializing in areas that align with your natural abilities, which can be instrumental in forming growth-centric partnerships with operational experts. Transparency can help investors build trust with sophisticated, accredited investors who are cautious in today’s volatile environment. Nic reveals his strategy for commercial real estate, which includes diverse asset classes like industrial and commercial office buildings. He attributes his impressive track record to timing economic forces and meeting investor needs.
Jonathan and Nic further explore:
- You don’t need to fit into a particular mold to be successful in real estate investing.
- Being transparent and creating strong relationships are crucial to a career in commercial real estate.
- Avoiding analysis paralysis becomes even more important during uncertain times.
- Spending time with experienced investors as a new investor can offer a beneficial education.
Nic DeAngelo’s advice can help you thrive in real estate and elevate your investing game.
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