Empire Building podcast

272. Building a $400M Real Estate Portfolio While Raising Five Kids with Dr. Elaine Stageberg

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What if the one thing that changes everything... is you?


This week, we’re joined by Dr. Elaine Stageberg, co-founder of Black Swan Real Estate. From growing up in poverty to training as a psychiatrist at the Mayo Clinic to building a $400 million real estate portfolio—while raising five young kids—Elaine is living proof that you don’t have to choose between big business and a big life.


We dive into how she and her husband, Nick, built a family-first private equity firm that’s shaking up the industry by eliminating traditional fees and prioritizing investor alignment. Elaine shares the vision behind Black Swan, the mindset shifts that fueled their growth, and the systems that make it all possible.


Her story is a powerful reminder that pain can spark transformation—and that with the right support, women can lead thriving businesses and households. If you’ve ever wondered whether “both” is really possible, this one’s for you.


Grab your notebook—you’re going to want to take notes.


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Produced by NOVA


This podcast is for general informational purposes only. The views, thoughts, and opinions of the guest represent those of the guest and not  Keller Williams Realty, LLC and its affiliates, and should not be construed as financial, economic, legal, tax, or other advice. This podcast is provided without any warranty, or guarantee of its accuracy, completeness, timeliness, or results from using the information.



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