Investing in Multi-Family Apartment Communities with Patrick Grimes
Weiss Advice
English - September 28, 2022 11:00 - 26 minutes - 18.6 MB - ★★★★★ - 231 ratingsInvesting Business Entrepreneurship advice apartment investing real estate commercial real estate multifamily investing cost segregation cre linkedin real estate investing Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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 showBrief background and career[05:56 - 13:02] Putting a Line in Every Deal
Patrick discusses the current environment for real estate investingPatrick shares his strategy for investing in real estate, which is based on long-term wealth buildingAsset 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 platformCo-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?Rich Dad Poor Dad by Robert KiyosakiTraction by Gino WickmanWhat is a skill or talent that you would like to learn?What does success mean to you?Having a positive impact on the communityConnect with Patrick Grimes
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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 that as a positive impact for my family and friends is such a critical thing for me.” - Patrick Grimes