Hello, this is Shuo. So would passively investing in multifamily syndication be right for you?
Yes! If you want to gain steady passive cash flow and build long term wealth, and yes, if you want to escape the rat race and retire early.
No, however, if you currently don’t have enough liquidity and can’t plan to put $50,000 to work for you in a period of three to five [years] or longer time – multifamily is a great investment vehicle but it’s not for everyone.
It is not a get rich quick business. However, it helps you to build long term wealth over time.
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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.