Investing in Multi-Family Apartment Communities with Patrick Grimes
Patrick Grimes is the Founder and CEO of Invest on Main Street. He has over fourteen years of experience in active real estate investment, purchasing distressed assets, renovating, and stabilizing for long-term cash flow. In this episode, Patrick discusses his story of how he started investing in multi-family apartment communities and how he has been successful in doing so. He also discusses how a recession can negatively affect an individual's finances, and how they are able to mitigate these risks through diversification and asset protection.
[00:01 - 05:56] Opening Segment
- Introducing Patrick to the show
- Brief background and career
[05:56 - 13:02] Putting a Line in Every Deal
- Patrick discusses the current environment for real estate investing
- Patrick shares his strategy for investing in real estate, which is based on long-term wealth building
- Asset protection, inflation, how multifamilies hedge against inflation, and how to structure deals correctly.
[13:03 - 19:54] Invest On Main Street
- Patrick talks about where he got the idea for his platform
- Co-authoring a book, “Persistence, Pivots and Game Changers”
[19:55 - 26:57] THE FINAL FOUR
- What's the worst job that you ever had?
- What's a book you've read that has given you a paradigm shift?
- What is a skill or talent that you would like to learn?
- What does success mean to you?
- Having a positive impact on the community
Connect with Patrick Grimes
Facebook: Invest On Main Street
LinkedIn: Patrick Grimes, Invest On Main Street
Instagram: Invest On Main Street
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Tweetable Quotes:
“It’s not the way it looks, it’s the way the numbers pan out. It’s the resilience of the asset. It’s what will drive you to wealth.” - Patrick Grimes
“Aligning success and having