Today I want to talk about: With crisis comes opportunities.
2020 definitely has been an unusual year with a market correction and COVID-19 pandemic. Per costar analysis, over the next two years, the market could expect to see 13,000 loans totaling $148 billion holding commercial mortgage backed securities default.
Do you see opportunities in this crisis?
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Patrick Grimes is a design engineer and CEO and Founder of Invest on Main Street, LLC. His real estate holdings include general partner ownership of a multifamily and single-family real estate portfolio valued over $146M, including 1,950+ units across the southeastern United States and Texas.
He has been active in real estate investment since 2007, including purchasing land and distressed assets, renovating them, and stabilizing them for long-term cash flow. To scale his real estate portfolio, Patrick moved from single-family to multifamily investing and founded Invest on Main Street, a private equity firm specializing in multifamily value-add projects in emerging markets.