Patrick Grimes is the Founder and CEO at Invest on Main Street. He has over 15 years of experience in active real estate investment, purchasing distressed assets, renovating, and stabilizing for long-term cash flow. His company has helped build passive income and wealth for hundreds of investors while growing a 400M+ portfolio composing of 4000+ units in multifamily apartment communities in the growth markets across Texas and the southeastern United States.
Patrick co-authored an Amazon #1 best-selling book, Persistence, Pivots, and Game Changers and contributes to Forbes Expert Panels on investing and commercial real estate. Patrick co-sponsors syndications with 40M+ invested from his network of passive investors. We talked to Patrick about recession-resilient markets, steady growth, low-risk deals, and capital preservation.
Groundbreaker: Click here to learn how to raise more money and speed up the syndication process by 80%!
[00:01 – 03:57] Opening Segment
Patrick talks about his background;
He talks about different extensions of his business;
[03:57 – 16:32] Steady Growth
Low-risk investments and recession-resilient markets;
The importance of having a diversified investment portfolio;
Houston Market VS. Tucson Market;
The importance of investing in markets with steady growth;
Patrick’s journey with Invest on Main Street;
[16:32 – 31:49] Capital Preservation
How to position low risk on the deals you look for;
Why low risk is about capital preservation;
How to structure your debt in today’s high-interest market;
How to find deals with 5,000,000 equity from day one;
The importance of being in the right circles to get deals;
The importance of delivering on what you say;
Patrick gives advice to investors;
Announcement: Download Our Sample Deal and Join Our Mailing List
[31:49 – 36:26] Round of Insights
Apparent Failure: Losing everything in the 2008 recession
Most Recommended Book: Traction
Daily Habit: Running
#1 Insight for Investing: When values are veining, you need to buy for cashflow and long term growth and you need to invest with people who have been through a downturn.
Best Place to Grab a Bite in Hawaii: Uhai Island Grill
“Once we say we’re in, we are in. And I think that’s one of the most important components there." - Patrick Grimes
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