Patrick Grimes, founder of Invest on Main Street and co-author of an Amazon #1 bestselling book, is a real estate investor with a background in engineering.
In this episode, he talks about how his tech training helped him start his real estate career, and his realizations on going from investing in the single-family business to pursuing multi-family syndication.
Tune in to hear what he has to say about which market trends to look for, partnerships in real estate, inflation today, and more real estate pointers. Fasten your seatbelts because you’re about to hear how Patrick Grimes earned his $10 Million in less than a year through multi-family investing.
In this episode, we explore:
01:46 – Patrick’s background in the high-tech space
03:17 – How Patrick’s engineering training helped him in his real estate career
04:52 – Going from single family to multi-family business
09:27 – Looking for team members and partners
12:37 – Working so hard, you don’t notice you’ve built $10 Million
13:24 – The compelling case in investing in multi-family syndication
18:52 – How multi-family value add provides a “margin of safety”
19:20 – One thing Patrick wished he had known going into multi-family
22:06 – Patrick on inflation and where real estate market is headed
25:10 – What trends to look for in markets that you buy in
27:48 – Working with Patrick in real estate