{"version":"1.0.0","segments":[{"speaker":"Average Joe FInances","startTime":0.395,"endTime":2.615,"body":"Welcome back"},{"speaker":"Average Joe FInances","startTime":0.395,"endTime":2.615,"body":"to the Average Joe Finances podcast."},{"speaker":"Average Joe FInances","startTime":2.645,"endTime":6.845,"body":"I'm your host, Mike Cavaggioni, and"},{"speaker":"Average Joe FInances","startTime":2.645,"endTime":6.845,"body":"today's guest is Patrick Grimes."},{"speaker":"Average Joe FInances","startTime":6.845,"endTime":9.095,"body":"So Patrick, super excited"},{"speaker":"Average Joe FInances","startTime":6.845,"endTime":9.095,"body":"to have you on the show."},{"speaker":"Average Joe FInances","startTime":9.095,"endTime":10.115,"body":"Thanks for joining me today."},{"speaker":"Patrick Grimes","startTime":10.625,"endTime":10.955,"body":"Mike."},{"speaker":"Patrick Grimes","startTime":10.985,"endTime":12.065,"body":"I'm excited to be here too."},{"speaker":"Patrick Grimes","startTime":12.065,"endTime":14.586,"body":"A lot of things about your show and"},{"speaker":"Patrick Grimes","startTime":12.065,"endTime":14.586,"body":"the fact that you're in Hawaii and"},{"speaker":"Patrick Grimes","startTime":14.591,"endTime":15.995,"body":"everything else that I like about it."},{"speaker":"Average Joe FInances","startTime":16.67,"endTime":18.2,"body":"Yeah, we were"},{"speaker":"Average Joe FInances","startTime":16.67,"endTime":18.2,"body":"actually just talking about that a"},{"speaker":"Average Joe FInances","startTime":18.2,"endTime":21.32,"body":"little bit off camera, how you spent"},{"speaker":"Average Joe FInances","startTime":18.2,"endTime":21.32,"body":"some time out here during the pandemic."},{"speaker":"Average Joe FInances","startTime":21.37,"endTime":24.85,"body":"And in one of the nicest areas of"},{"speaker":"Average Joe FInances","startTime":21.37,"endTime":24.85,"body":"the island when it comes to the,"},{"speaker":"Average Joe FInances","startTime":25.51,"endTime":28.24,"body":"probably the best kept secret"},{"speaker":"Average Joe FInances","startTime":25.51,"endTime":28.24,"body":"of where our best beach is."},{"speaker":"Average Joe FInances","startTime":28.45,"endTime":32.485,"body":"I'm not gonna say that publicly"},{"speaker":"Average Joe FInances","startTime":28.45,"endTime":32.485,"body":"on here cause it'll get swarmed."},{"speaker":"Average Joe FInances","startTime":32.725,"endTime":35.155,"body":"But hey again, thank you"},{"speaker":"Average Joe FInances","startTime":32.725,"endTime":35.155,"body":"so much for joining me."},{"speaker":"Average Joe FInances","startTime":35.185,"endTime":39.325,"body":"I wanna start this off the same way"},{"speaker":"Average Joe FInances","startTime":35.185,"endTime":39.325,"body":"I start every podcast episode, and"},{"speaker":"Average Joe FInances","startTime":39.385,"endTime":40.885,"body":"we'd like to know more about you."},{"speaker":"Average Joe FInances","startTime":40.885,"endTime":42.895,"body":"So if you could tell us a"},{"speaker":"Average Joe FInances","startTime":40.885,"endTime":42.895,"body":"little bit about yourself."},{"speaker":"Average Joe FInances","startTime":43.45,"endTime":44.56,"body":"What's your backstory?"},{"speaker":"Average Joe FInances","startTime":44.71,"endTime":46.36,"body":"Who is Patrick Grimes?"},{"speaker":"Patrick Grimes","startTime":47.41,"endTime":47.89,"body":"Sure."},{"speaker":"Patrick Grimes","startTime":47.92,"endTime":52.72,"body":"So today I'm the CEO and founder of Invest"},{"speaker":"Patrick Grimes","startTime":47.92,"endTime":52.72,"body":"on Main Street, private equity firm."},{"speaker":"Patrick Grimes","startTime":53.14,"endTime":57.86,"body":"We provide passive investments in"},{"speaker":"Patrick Grimes","startTime":53.14,"endTime":57.86,"body":"various asset classes specifically"},{"speaker":"Patrick Grimes","startTime":57.86,"endTime":61.235,"body":"real estate, large apartment"},{"speaker":"Patrick Grimes","startTime":57.86,"endTime":61.235,"body":"buildings affordable housing funds,"},{"speaker":"Patrick Grimes","startTime":61.585,"endTime":65.395,"body":"and single family portfolio, as"},{"speaker":"Patrick Grimes","startTime":61.585,"endTime":65.395,"body":"well as diversified energy funds."},{"speaker":"Patrick Grimes","startTime":66.065,"endTime":69.965,"body":"Really our thesis is to provide"},{"speaker":"Patrick Grimes","startTime":66.065,"endTime":69.965,"body":"inflation heads recession resilient."},{"speaker":"Patrick Grimes","startTime":70.385,"endTime":74.685,"body":"Investments that are protected from"},{"speaker":"Patrick Grimes","startTime":70.385,"endTime":74.685,"body":"interest rates and non correlated"},{"speaker":"Patrick Grimes","startTime":75.045,"endTime":78.195,"body":"to the stock market and each other."},{"speaker":"Patrick Grimes","startTime":78.345,"endTime":80.925,"body":"So better retirement,"},{"speaker":"Patrick Grimes","startTime":78.345,"endTime":80.925,"body":"faster, that kind of thing."},{"speaker":"Patrick Grimes","startTime":81.695,"endTime":84.725,"body":"I started out in mechanical engineering."},{"speaker":"Patrick Grimes","startTime":85.175,"endTime":87.095,"body":"I was mechanical engineering"},{"speaker":"Patrick Grimes","startTime":85.175,"endTime":87.095,"body":"student in college."},{"speaker":"Patrick Grimes","startTime":87.605,"endTime":89.285,"body":"I started out as machine design."},{"speaker":"Patrick Grimes","startTime":89.435,"endTime":94.505,"body":"First job, the guy sent me on a"},{"speaker":"Patrick Grimes","startTime":89.435,"endTime":94.505,"body":"tailspin, said, Hey, you're talented,"},{"speaker":"Patrick Grimes","startTime":94.505,"endTime":98.225,"body":"but you should spend your money in"},{"speaker":"Patrick Grimes","startTime":94.505,"endTime":98.225,"body":"real estate because my only regret is I"},{"speaker":"Patrick Grimes","startTime":98.225,"endTime":99.965,"body":"didn't put more in real estate sooner."},{"speaker":"Patrick Grimes","startTime":100.665,"endTime":103.905,"body":"So that led me to just dump"},{"speaker":"Patrick Grimes","startTime":100.665,"endTime":103.905,"body":"everything I had, which wasn't a"},{"speaker":"Patrick Grimes","startTime":103.905,"endTime":106.965,"body":"whole lot into these double my money."},{"speaker":"Patrick Grimes","startTime":106.965,"endTime":110.555,"body":"Real estate deals, really, ones"},{"speaker":"Patrick Grimes","startTime":106.965,"endTime":110.555,"body":"that development, pre-development."},{"speaker":"Patrick Grimes","startTime":110.585,"endTime":112.565,"body":"And I personally guaranteed it."},{"speaker":"Patrick Grimes","startTime":112.57,"endTime":116.365,"body":"I was like, ready to take on the"},{"speaker":"Patrick Grimes","startTime":112.57,"endTime":116.365,"body":"world and slaving away, at my job."},{"speaker":"Patrick Grimes","startTime":116.425,"endTime":118.695,"body":"And then 9 and 10 happened."},{"speaker":"Patrick Grimes","startTime":118.695,"endTime":119.565,"body":"I lost everything."},{"speaker":"Patrick Grimes","startTime":119.565,"endTime":120.405,"body":"Wrote it down hard."},{"speaker":"Patrick Grimes","startTime":120.705,"endTime":121.305,"body":"A big bust."},{"speaker":"Patrick Grimes","startTime":121.515,"endTime":124.425,"body":"So learned how to dove"},{"speaker":"Patrick Grimes","startTime":121.515,"endTime":124.425,"body":"back into high tech."},{"speaker":"Patrick Grimes","startTime":124.845,"endTime":128.805,"body":"Like many of your listeners, I was the"},{"speaker":"Patrick Grimes","startTime":124.845,"endTime":128.805,"body":"average row working real hard, got to"},{"speaker":"Patrick Grimes","startTime":128.805,"endTime":133.275,"body":"the point where I made considerable"},{"speaker":"Patrick Grimes","startTime":128.805,"endTime":133.275,"body":"income again, got a master's in"},{"speaker":"Patrick Grimes","startTime":133.275,"endTime":136.245,"body":"engineering and business, and I"},{"speaker":"Patrick Grimes","startTime":133.275,"endTime":136.245,"body":"was like where am I gonna invest?"},{"speaker":"Patrick Grimes","startTime":136.25,"endTime":139.215,"body":"Not in the stock market, cuz I still"},{"speaker":"Patrick Grimes","startTime":136.25,"endTime":139.215,"body":"remembered, I gotta diversify out."},{"speaker":"Patrick Grimes","startTime":139.855,"endTime":142.925,"body":"So I got back into real estate, but this"},{"speaker":"Patrick Grimes","startTime":139.855,"endTime":142.925,"body":"time more of the tortoise, not the hair"},{"speaker":"Patrick Grimes","startTime":143.455,"endTime":145.105,"body":"this time, more recession resilient."},{"speaker":"Patrick Grimes","startTime":145.105,"endTime":150.685,"body":"This time more calculated risk by"},{"speaker":"Patrick Grimes","startTime":145.105,"endTime":150.685,"body":"producing assets, not pre-development."},{"speaker":"Patrick Grimes","startTime":152.095,"endTime":152.545,"body":"And."},{"speaker":"Patrick Grimes","startTime":153.25,"endTime":157.18,"body":"So I then built a single family"},{"speaker":"Patrick Grimes","startTime":153.25,"endTime":157.18,"body":"portfolio buying, renovating,"},{"speaker":"Patrick Grimes","startTime":157.18,"endTime":158.65,"body":"and holding and renting."},{"speaker":"Patrick Grimes","startTime":158.68,"endTime":163.5,"body":"And then continued to do that until I"},{"speaker":"Patrick Grimes","startTime":158.68,"endTime":163.5,"body":"traded up to larger apartment buildings,"},{"speaker":"Patrick Grimes","startTime":163.56,"endTime":169.27,"body":"like toward, my first one was 86"},{"speaker":"Patrick Grimes","startTime":163.56,"endTime":169.27,"body":"units, and then I did once two plus 300"},{"speaker":"Patrick Grimes","startTime":169.28,"endTime":172.02,"body":"units all recession resilient markets."},{"speaker":"Patrick Grimes","startTime":172.02,"endTime":177.11,"body":"And then I diversified into energy"},{"speaker":"Patrick Grimes","startTime":172.02,"endTime":177.11,"body":"portfolios to help further balance the"},{"speaker":"Patrick Grimes","startTime":177.11,"endTime":179.855,"body":"portfolio and to non correlated assets."},{"speaker":"Patrick Grimes","startTime":179.855,"endTime":182.975,"body":"And so invest on mainstream"},{"speaker":"Patrick Grimes","startTime":179.855,"endTime":182.975,"body":"has grown from all that."},{"speaker":"Patrick Grimes","startTime":182.975,"endTime":187.65,"body":"And now I'm full-time, exited the"},{"speaker":"Patrick Grimes","startTime":182.975,"endTime":187.65,"body":"high-tech space, and my wife and"},{"speaker":"Patrick Grimes","startTime":187.65,"endTime":190.35,"body":"I have freedom to do things like"},{"speaker":"Patrick Grimes","startTime":187.65,"endTime":190.35,"body":"moved to Hawaii during covid and"},{"speaker":"Patrick Grimes","startTime":190.57,"endTime":191.59,"body":"and do all kinds of fun things."},{"speaker":"Average Joe FInances","startTime":193.27,"endTime":193.84,"body":"Wow, Patrick."},{"speaker":"Average Joe FInances","startTime":193.84,"endTime":194.56,"body":"That's awesome."},{"speaker":"Average Joe FInances","startTime":194.56,"endTime":196.03,"body":"And some background too, right?"},{"speaker":"Average Joe FInances","startTime":196.03,"endTime":199.87,"body":"You don't hear too many people, or I"},{"speaker":"Average Joe FInances","startTime":196.03,"endTime":199.87,"body":"don't think I've heard anybody yet come"},{"speaker":"Average Joe FInances","startTime":199.87,"endTime":204.585,"body":"on this show and talk about how, their"},{"speaker":"Average Joe FInances","startTime":199.87,"endTime":204.585,"body":"journey into real estate led into energy."},{"speaker":"Average Joe FInances","startTime":204.765,"endTime":205.725,"body":"So that's pretty interesting."},{"speaker":"Average Joe FInances","startTime":205.73,"endTime":210.75,"body":"I'd like to know more about what made you"},{"speaker":"Average Joe FInances","startTime":205.73,"endTime":210.75,"body":"decide to diversify into energy instead"},{"speaker":"Average Joe FInances","startTime":210.75,"endTime":214.275,"body":"of just sticking with, the multi-family"},{"speaker":"Average Joe FInances","startTime":210.75,"endTime":214.275,"body":"assets that, that, were tried and true."},{"speaker":"Patrick Grimes","startTime":215.253,"endTime":216.843,"body":"Real estate"},{"speaker":"Patrick Grimes","startTime":215.253,"endTime":216.843,"body":"is an alternative asset."},{"speaker":"Patrick Grimes","startTime":216.963,"endTime":222.303,"body":"It's alternative to what most, the average"},{"speaker":"Patrick Grimes","startTime":216.963,"endTime":222.303,"body":"Joe would have their funds in a 401K or an"},{"speaker":"Patrick Grimes","startTime":222.303,"endTime":226.503,"body":"IRA, and that's what their employer would"},{"speaker":"Patrick Grimes","startTime":222.303,"endTime":226.503,"body":"tell 'em, and that's what their parents"},{"speaker":"Patrick Grimes","startTime":226.503,"endTime":227.853,"body":"did, and that's all they would know."},{"speaker":"Patrick Grimes","startTime":227.853,"endTime":232.038,"body":"And then maybe they've graduated"},{"speaker":"Patrick Grimes","startTime":227.853,"endTime":232.038,"body":"to getting a financial planner, but"},{"speaker":"Patrick Grimes","startTime":232.038,"endTime":235.788,"body":"then that financial planner just"},{"speaker":"Patrick Grimes","startTime":232.038,"endTime":235.788,"body":"dumps them more into similar indexes."},{"speaker":"Patrick Grimes","startTime":235.848,"endTime":240.588,"body":"Sentiment driven stock market, very"},{"speaker":"Patrick Grimes","startTime":235.848,"endTime":240.588,"body":"few long-term inflation hedged."},{"speaker":"Patrick Grimes","startTime":240.688,"endTime":243.088,"body":"It's volatile space, all"},{"speaker":"Patrick Grimes","startTime":240.688,"endTime":243.088,"body":"in its one cyclic model."},{"speaker":"Patrick Grimes","startTime":243.748,"endTime":246.898,"body":"So alternative investing is real"},{"speaker":"Patrick Grimes","startTime":243.748,"endTime":246.898,"body":"estate and other asset classes."},{"speaker":"Patrick Grimes","startTime":247.948,"endTime":251.428,"body":"Now you're talking to somebody"},{"speaker":"Patrick Grimes","startTime":247.948,"endTime":251.428,"body":"who I believe in real estate,"},{"speaker":"Patrick Grimes","startTime":251.428,"endTime":252.478,"body":"especially the fundamentals."},{"speaker":"Patrick Grimes","startTime":252.478,"endTime":255.688,"body":"And I think in any market you"},{"speaker":"Patrick Grimes","startTime":252.478,"endTime":255.688,"body":"can make a good deal and find a"},{"speaker":"Patrick Grimes","startTime":255.693,"endTime":257.248,"body":"good investment in real estate."},{"speaker":"Patrick Grimes","startTime":257.788,"endTime":263.578,"body":"And we can structure investments to out,"},{"speaker":"Patrick Grimes","startTime":257.788,"endTime":263.578,"body":"to outlive and to actually thrive in"},{"speaker":"Patrick Grimes","startTime":263.578,"endTime":267.038,"body":"a Dell market, such as our affordable"},{"speaker":"Patrick Grimes","startTime":263.578,"endTime":267.038,"body":"housing portfolios and our workforce"},{"speaker":"Patrick Grimes","startTime":267.328,"endTime":271.478,"body":"housing, multi-family deals there so"},{"speaker":"Patrick Grimes","startTime":267.328,"endTime":271.478,"body":"that I don't lose it all again, but"},{"speaker":"Patrick Grimes","startTime":271.718,"endTime":273.488,"body":"that is still one correlated asset."},{"speaker":"Patrick Grimes","startTime":273.908,"endTime":275.048,"body":"And you're talking to somebody who's."},{"speaker":"Patrick Grimes","startTime":275.438,"endTime":276.878,"body":"Lost it all in real estate before."},{"speaker":"Patrick Grimes","startTime":276.968,"endTime":280.748,"body":"And if you read my Path of Investor"},{"speaker":"Patrick Grimes","startTime":276.968,"endTime":280.748,"body":"Guide on my website, which is a free"},{"speaker":"Patrick Grimes","startTime":280.748,"endTime":285.848,"body":"download, it talks about how the middle"},{"speaker":"Patrick Grimes","startTime":280.748,"endTime":285.848,"body":"class really had the 8% of their wealth"},{"speaker":"Patrick Grimes","startTime":285.848,"endTime":288.008,"body":"in alt asset alternative investment."},{"speaker":"Patrick Grimes","startTime":288.698,"endTime":292.692,"body":"The high incomers of 25"},{"speaker":"Patrick Grimes","startTime":288.698,"endTime":292.692,"body":"and ultra wealthy have 50."},{"speaker":"Patrick Grimes","startTime":293.692,"endTime":298.922,"body":"But if you look at the stack of where all"},{"speaker":"Patrick Grimes","startTime":293.692,"endTime":298.922,"body":"those where 25 to 50% of their wealth is."},{"speaker":"Patrick Grimes","startTime":299.447,"endTime":300.707,"body":"It's not all in real estate."},{"speaker":"Patrick Grimes","startTime":300.887,"endTime":303.977,"body":"In fact, that is one allocation"},{"speaker":"Patrick Grimes","startTime":300.887,"endTime":303.977,"body":"of their capital stack."},{"speaker":"Patrick Grimes","startTime":303.977,"endTime":306.227,"body":"It's in other alternative investments."},{"speaker":"Patrick Grimes","startTime":306.227,"endTime":310.577,"body":"And the wealthy I invest for essential"},{"speaker":"Patrick Grimes","startTime":306.227,"endTime":310.577,"body":"needs like housing, food, and energy."},{"speaker":"Patrick Grimes","startTime":310.577,"endTime":312.377,"body":"They invest for to pay no taxes."},{"speaker":"Patrick Grimes","startTime":313.157,"endTime":317.057,"body":"They invest in all kinds of assets"},{"speaker":"Patrick Grimes","startTime":313.157,"endTime":317.057,"body":"that don't rise and fall together."},{"speaker":"Patrick Grimes","startTime":317.112,"endTime":319.092,"body":"And energy is the obvious."},{"speaker":"Patrick Grimes","startTime":319.092,"endTime":323.232,"body":"Next one, especially today in the"},{"speaker":"Patrick Grimes","startTime":319.092,"endTime":323.232,"body":"supercycle when things are going up."},{"speaker":"Patrick Grimes","startTime":324.132,"endTime":326.142,"body":"Your investments on, unlike in"},{"speaker":"Patrick Grimes","startTime":324.132,"endTime":326.142,"body":"real estate energy, they can"},{"speaker":"Patrick Grimes","startTime":326.142,"endTime":327.642,"body":"ride off your ordinary income."},{"speaker":"Patrick Grimes","startTime":327.642,"endTime":329.772,"body":"So if you're high income"},{"speaker":"Patrick Grimes","startTime":327.642,"endTime":329.772,"body":"earner, invest in energy."},{"speaker":"Patrick Grimes","startTime":329.772,"endTime":331.542,"body":"You don't have to pay taxes"},{"speaker":"Patrick Grimes","startTime":329.772,"endTime":331.542,"body":"on that investment for the,"},{"speaker":"Patrick Grimes","startTime":331.602,"endTime":332.652,"body":"for most of that investment."},{"speaker":"Patrick Grimes","startTime":333.552,"endTime":338.592,"body":"And we're seeing cashflow and appreciation"},{"speaker":"Patrick Grimes","startTime":333.552,"endTime":338.592,"body":"in a completely different market then"},{"speaker":"Patrick Grimes","startTime":338.592,"endTime":342.212,"body":"real estate, where real estate center"},{"speaker":"Patrick Grimes","startTime":338.592,"endTime":342.212,"body":"is reset and the stock market's down,"},{"speaker":"Patrick Grimes","startTime":342.712,"endTime":344.292,"body":"you can hang your hat somewhere."},{"speaker":"Patrick Grimes","startTime":344.297,"endTime":345.102,"body":"It's still going up."},{"speaker":"Patrick Grimes","startTime":345.972,"endTime":350.142,"body":"And so it quite honestly the"},{"speaker":"Patrick Grimes","startTime":345.972,"endTime":350.142,"body":"converging of quite a few different"},{"speaker":"Patrick Grimes","startTime":350.262,"endTime":354.382,"body":"theories, but the foundation of a"},{"speaker":"Patrick Grimes","startTime":350.262,"endTime":354.382,"body":"healthy portfolio especially when"},{"speaker":"Patrick Grimes","startTime":354.382,"endTime":355.612,"body":"it comes to winning with inflation."},{"speaker":"Patrick Grimes","startTime":355.962,"endTime":358.812,"body":"Now the strongest inflation"},{"speaker":"Patrick Grimes","startTime":355.962,"endTime":358.812,"body":"hedge right now is oil and gaps."},{"speaker":"Average Joe FInances","startTime":360.522,"endTime":360.792,"body":"Yeah."},{"speaker":"Average Joe FInances","startTime":360.842,"endTime":361.142,"body":"Yeah."},{"speaker":"Average Joe FInances","startTime":361.142,"endTime":361.947,"body":"That's a great point."},{"speaker":"Average Joe FInances","startTime":361.947,"endTime":362.968,"body":"And I think."},{"speaker":"Average Joe FInances","startTime":364.587,"endTime":367.692,"body":"Everyone talks about how they"},{"speaker":"Average Joe FInances","startTime":364.587,"endTime":367.692,"body":"d diversify their portfolio."},{"speaker":"Average Joe FInances","startTime":367.722,"endTime":370.282,"body":"Usually talking about"},{"speaker":"Average Joe FInances","startTime":367.722,"endTime":370.282,"body":"paper, assets, right?"},{"speaker":"Average Joe FInances","startTime":370.282,"endTime":372.742,"body":"They're talking about what you"},{"speaker":"Average Joe FInances","startTime":370.282,"endTime":372.742,"body":"were talking about earlier, right?"},{"speaker":"Average Joe FInances","startTime":372.742,"endTime":373.702,"body":"In the stock market."},{"speaker":"Average Joe FInances","startTime":374.052,"endTime":377.142,"body":"You don't hear too many people saying,"},{"speaker":"Average Joe FInances","startTime":374.052,"endTime":377.142,"body":"I'm diversifying my portfolio to"},{"speaker":"Average Joe FInances","startTime":377.147,"endTime":380.892,"body":"not only be in these alternative"},{"speaker":"Average Joe FInances","startTime":377.147,"endTime":380.892,"body":"assets of real estate, but to also"},{"speaker":"Average Joe FInances","startTime":380.892,"endTime":382.132,"body":"into other alternative assets."},{"speaker":"Average Joe FInances","startTime":382.232,"endTime":385.432,"body":"Now, some people have talked"},{"speaker":"Average Joe FInances","startTime":382.232,"endTime":385.432,"body":"about how they got into crypto"},{"speaker":"Average Joe FInances","startTime":385.432,"endTime":386.932,"body":"and NFTs and all that other stuff."},{"speaker":"Average Joe FInances","startTime":386.932,"endTime":387.377,"body":"I don't."},{"speaker":"Average Joe FInances","startTime":388.457,"endTime":389.867,"body":"It's, that's not for me."},{"speaker":"Average Joe FInances","startTime":389.917,"endTime":391.717,"body":"I just, I never really got into that."},{"speaker":"Average Joe FInances","startTime":391.997,"endTime":396.487,"body":"I, other people also do, precious metals"},{"speaker":"Average Joe FInances","startTime":391.997,"endTime":396.487,"body":"and minerals and things like that."},{"speaker":"Average Joe FInances","startTime":396.487,"endTime":399.062,"body":"It's interesting to have"},{"speaker":"Average Joe FInances","startTime":396.487,"endTime":399.062,"body":"somebody come on and talk about"},{"speaker":"Average Joe FInances","startTime":399.062,"endTime":400.622,"body":"the actual energy side of it."},{"speaker":"Average Joe FInances","startTime":400.962,"endTime":402.947,"body":"Cause I, don't think I've had"},{"speaker":"Average Joe FInances","startTime":400.962,"endTime":402.947,"body":"anybody on the show yet that"},{"speaker":"Average Joe FInances","startTime":402.947,"endTime":405.377,"body":"actually does real estate and energy."},{"speaker":"Average Joe FInances","startTime":405.377,"endTime":406.187,"body":"So that's pretty neat."},{"speaker":"Average Joe FInances","startTime":406.187,"endTime":409.577,"body":"So what kind of, assets do you"},{"speaker":"Average Joe FInances","startTime":406.187,"endTime":409.577,"body":"have in your energy portfolio?"},{"speaker":"Patrick Grimes","startTime":411.127,"endTime":413.527,"body":"For the most part, to"},{"speaker":"Patrick Grimes","startTime":411.127,"endTime":413.527,"body":"your point, that's absolutely true."},{"speaker":"Patrick Grimes","startTime":413.577,"endTime":416.247,"body":"Some people tend to be like that"},{"speaker":"Patrick Grimes","startTime":413.577,"endTime":416.247,"body":"one trick pony, like you learn one"},{"speaker":"Patrick Grimes","startTime":416.247,"endTime":417.477,"body":"thing and that's the one thing."},{"speaker":"Patrick Grimes","startTime":417.697,"endTime":421.537,"body":"The problem is when you get really badass"},{"speaker":"Patrick Grimes","startTime":417.697,"endTime":421.537,"body":"at something, you get way too indexed"},{"speaker":"Patrick Grimes","startTime":421.542,"endTime":426.607,"body":"in that one thing, and if you talk to"},{"speaker":"Patrick Grimes","startTime":421.542,"endTime":426.607,"body":"more than people doing that same one"},{"speaker":"Patrick Grimes","startTime":426.607,"endTime":429.037,"body":"thing, then they're just gonna get you"},{"speaker":"Patrick Grimes","startTime":426.607,"endTime":429.037,"body":"further and further in that rabbit hole."},{"speaker":"Patrick Grimes","startTime":429.277,"endTime":431.647,"body":"And so you said that"},{"speaker":"Patrick Grimes","startTime":429.277,"endTime":431.647,"body":"there's not a lot of people."},{"speaker":"Patrick Grimes","startTime":431.947,"endTime":433.207,"body":"Yeah, there's not a lot"},{"speaker":"Patrick Grimes","startTime":431.947,"endTime":433.207,"body":"of people investing."},{"speaker":"Patrick Grimes","startTime":433.257,"endTime":434.007,"body":"That's what I was saying."},{"speaker":"Patrick Grimes","startTime":434.007,"endTime":438.717,"body":"If you actually point to how are the 5%"},{"speaker":"Patrick Grimes","startTime":434.007,"endTime":438.717,"body":"or 10%, how are those people investing"},{"speaker":"Patrick Grimes","startTime":438.717,"endTime":442.107,"body":"that are having their money work for"},{"speaker":"Patrick Grimes","startTime":438.717,"endTime":442.107,"body":"them and having generational wealth?"},{"speaker":"Patrick Grimes","startTime":442.107,"endTime":442.977,"body":"That's how they're doing it."},{"speaker":"Patrick Grimes","startTime":443.307,"endTime":446.907,"body":"But in energy it has, sometimes"},{"speaker":"Patrick Grimes","startTime":443.307,"endTime":446.907,"body":"it can have a bad rap."},{"speaker":"Patrick Grimes","startTime":447.177,"endTime":452.827,"body":"It unlike real estate, which is, has"},{"speaker":"Patrick Grimes","startTime":447.177,"endTime":452.827,"body":"very limited, shade in its past, it's"},{"speaker":"Patrick Grimes","startTime":453.097,"endTime":457.967,"body":"far more revered as the capital storage"},{"speaker":"Patrick Grimes","startTime":453.097,"endTime":457.967,"body":"and wealth builder preservation."},{"speaker":"Patrick Grimes","startTime":458.882,"endTime":460.442,"body":"And I believe that should be true."},{"speaker":"Patrick Grimes","startTime":461.292,"endTime":463.392,"body":"Energy can also be volatile and risky."},{"speaker":"Patrick Grimes","startTime":463.392,"endTime":465.402,"body":"Just like real estate can"},{"speaker":"Patrick Grimes","startTime":463.392,"endTime":465.402,"body":"be volatile and risky."},{"speaker":"Patrick Grimes","startTime":465.462,"endTime":466.332,"body":"I lost everything in it."},{"speaker":"Patrick Grimes","startTime":466.992,"endTime":469.262,"body":"And there are lots of people"},{"speaker":"Patrick Grimes","startTime":466.992,"endTime":469.262,"body":"that have lost all their money"},{"speaker":"Patrick Grimes","startTime":469.262,"endTime":471.302,"body":"in energy deals in oil and gas."},{"speaker":"Patrick Grimes","startTime":471.812,"endTime":474.977,"body":"And so to answer your question,"},{"speaker":"Patrick Grimes","startTime":471.812,"endTime":474.977,"body":"what kinds of assets recession"},{"speaker":"Patrick Grimes","startTime":474.982,"endTime":476.957,"body":"resilient tax advantage inflation is?"},{"speaker":"Patrick Grimes","startTime":477.267,"endTime":481.857,"body":"So we're invested in diversified"},{"speaker":"Patrick Grimes","startTime":477.267,"endTime":481.857,"body":"funds, just like how you have hundreds"},{"speaker":"Patrick Grimes","startTime":481.857,"endTime":483.087,"body":"of units in an apartment building."},{"speaker":"Patrick Grimes","startTime":483.612,"endTime":485.262,"body":"If one has a fire, one burns."},{"speaker":"Patrick Grimes","startTime":485.262,"endTime":487.302,"body":"If you have hundreds of units,"},{"speaker":"Patrick Grimes","startTime":485.262,"endTime":487.302,"body":"that washes out in the economics."},{"speaker":"Patrick Grimes","startTime":488.112,"endTime":492.542,"body":"So if you drill one oil well or"},{"speaker":"Patrick Grimes","startTime":488.112,"endTime":492.542,"body":"one gas and it fails, you're all"},{"speaker":"Patrick Grimes","startTime":492.547,"endTime":494.432,"body":"in and you're all out, right?"},{"speaker":"Patrick Grimes","startTime":495.042,"endTime":499.672,"body":"But if you do it over a large diversified"},{"speaker":"Patrick Grimes","startTime":495.042,"endTime":499.672,"body":"fund then you can build economies with"},{"speaker":"Patrick Grimes","startTime":499.672,"endTime":502.102,"body":"scale and it'll wash out in the economic."},{"speaker":"Patrick Grimes","startTime":502.972,"endTime":506.932,"body":"Similarly, when we do real estate, we"},{"speaker":"Patrick Grimes","startTime":502.972,"endTime":506.932,"body":"buy in landlord friendly locations."},{"speaker":"Patrick Grimes","startTime":507.577,"endTime":512.017,"body":"And proven areas with adjacent"},{"speaker":"Patrick Grimes","startTime":507.577,"endTime":512.017,"body":"buildings nearby that are producing."},{"speaker":"Patrick Grimes","startTime":512.857,"endTime":514.387,"body":"So we have proof, right?"},{"speaker":"Patrick Grimes","startTime":514.477,"endTime":515.797,"body":"And we buy a secured asset."},{"speaker":"Patrick Grimes","startTime":516.487,"endTime":518.827,"body":"In our energy fund, we're buying leases."},{"speaker":"Patrick Grimes","startTime":519.487,"endTime":524.707,"body":"We're not exploring, call it wildcatting"},{"speaker":"Patrick Grimes","startTime":519.487,"endTime":524.707,"body":"in the middle of nowhere and hoping we're"},{"speaker":"Patrick Grimes","startTime":524.707,"endTime":532.597,"body":"buying a lease surrounded by producing"},{"speaker":"Patrick Grimes","startTime":524.707,"endTime":532.597,"body":"wells on top of known reserves, and we're"},{"speaker":"Patrick Grimes","startTime":532.597,"endTime":534.937,"body":"drilling multiple wells on those leases."},{"speaker":"Patrick Grimes","startTime":535.972,"endTime":539.947,"body":"And that gives us more assurance that"},{"speaker":"Patrick Grimes","startTime":535.972,"endTime":539.947,"body":"somebody else has already done the highly"},{"speaker":"Patrick Grimes","startTime":539.947,"endTime":545.107,"body":"risky thing and found the natural gas"},{"speaker":"Patrick Grimes","startTime":539.947,"endTime":545.107,"body":"and oil somebody else also producing."},{"speaker":"Patrick Grimes","startTime":545.112,"endTime":550.087,"body":"And we're willing to pay for an existing"},{"speaker":"Patrick Grimes","startTime":545.112,"endTime":550.087,"body":"asset, something that has already"},{"speaker":"Patrick Grimes","startTime":550.087,"endTime":551.347,"body":"been determined and then farm it."},{"speaker":"Patrick Grimes","startTime":551.407,"endTime":555.487,"body":"Or like we do in real estate,"},{"speaker":"Patrick Grimes","startTime":551.407,"endTime":555.487,"body":"we buy a building or buy a piece"},{"speaker":"Patrick Grimes","startTime":555.487,"endTime":559.207,"body":"of plan secured asset and then"},{"speaker":"Patrick Grimes","startTime":555.487,"endTime":559.207,"body":"build a proven business plan."},{"speaker":"Patrick Grimes","startTime":560.167,"endTime":561.007,"body":"And we do that."},{"speaker":"Patrick Grimes","startTime":561.682,"endTime":565.012,"body":"By diversifying not only at scale"},{"speaker":"Patrick Grimes","startTime":561.682,"endTime":565.012,"body":"but across different geographies."},{"speaker":"Patrick Grimes","startTime":565.792,"endTime":570.472,"body":"And we do that by the diversify different"},{"speaker":"Patrick Grimes","startTime":565.792,"endTime":570.472,"body":"products, putting some natural gas"},{"speaker":"Patrick Grimes","startTime":570.472,"endTime":572.842,"body":"in some oil, not unless it's a pivot."},{"speaker":"Patrick Grimes","startTime":572.972,"endTime":575.187,"body":"You think about it, it's very"},{"speaker":"Patrick Grimes","startTime":572.972,"endTime":575.187,"body":"similar to having a mixed use,"},{"speaker":"Patrick Grimes","startTime":575.187,"endTime":580.187,"body":"multi-family apartment, mobile"},{"speaker":"Patrick Grimes","startTime":575.187,"endTime":580.187,"body":"home, Airbnb, like a large different"},{"speaker":"Patrick Grimes","startTime":580.427,"endTime":584.057,"body":"diversified portfolio at scale in"},{"speaker":"Patrick Grimes","startTime":580.427,"endTime":584.057,"body":"multiple states across the country."},{"speaker":"Patrick Grimes","startTime":584.747,"endTime":587.747,"body":"We're just doing that and"},{"speaker":"Patrick Grimes","startTime":584.747,"endTime":587.747,"body":"applying those same basic"},{"speaker":"Patrick Grimes","startTime":587.747,"endTime":589.727,"body":"principles over to an energy fund."},{"speaker":"Patrick Grimes","startTime":590.387,"endTime":592.487,"body":"To allow a lower risk way to access it."},{"speaker":"Patrick Grimes","startTime":593.387,"endTime":598.097,"body":"Take advantage of the tax advantages,"},{"speaker":"Patrick Grimes","startTime":593.387,"endTime":598.097,"body":"which, offset your ordinary income and"},{"speaker":"Patrick Grimes","startTime":598.127,"endTime":603.117,"body":"provide for a more reasonable return,"},{"speaker":"Patrick Grimes","startTime":598.127,"endTime":603.117,"body":"not a get rich quake, spin the big will"},{"speaker":"Patrick Grimes","startTime":603.867,"endTime":607.948,"body":"and put it all on green 24 and hope"},{"speaker":"Patrick Grimes","startTime":603.867,"endTime":607.948,"body":"for the best like I did back in 2008."},{"speaker":"Patrick Grimes","startTime":607.953,"endTime":610.677,"body":"And I didn't know, as that's"},{"speaker":"Patrick Grimes","startTime":607.953,"endTime":610.677,"body":"what I was doing at the time."},{"speaker":"Patrick Grimes","startTime":611.277,"endTime":615.567,"body":"But there's safer ways to do"},{"speaker":"Patrick Grimes","startTime":611.277,"endTime":615.567,"body":"investments in all kinds of vertical."},{"speaker":"Patrick Grimes","startTime":616.647,"endTime":618.957,"body":"Oftentimes you have to find"},{"speaker":"Patrick Grimes","startTime":616.647,"endTime":618.957,"body":"somebody that's lost it all"},{"speaker":"Patrick Grimes","startTime":618.957,"endTime":620.187,"body":"one time to appreciate those."},{"speaker":"Patrick Grimes","startTime":620.817,"endTime":622.467,"body":"And yeah, that's where we're at."},{"speaker":"Average Joe FInances","startTime":623.397,"endTime":623.637,"body":"Yeah."},{"speaker":"Average Joe FInances","startTime":623.667,"endTime":624.927,"body":"Oh I know that for a fact."},{"speaker":"Average Joe FInances","startTime":624.927,"endTime":628.587,"body":"I bought my first property in 2007,"},{"speaker":"Average Joe FInances","startTime":624.927,"endTime":628.587,"body":"so what do you think happened there?"},{"speaker":"Patrick Grimes","startTime":629.527,"endTime":630.067,"body":"Oh my gosh."},{"speaker":"Patrick Grimes","startTime":630.127,"endTime":630.907,"body":"Me and you both."},{"speaker":"Average Joe FInances","startTime":631.647,"endTime":633.567,"body":"It actually"},{"speaker":"Average Joe FInances","startTime":631.647,"endTime":633.567,"body":"knocked me out of the game for a"},{"speaker":"Average Joe FInances","startTime":633.567,"endTime":637.302,"body":"while and I stayed away from real"},{"speaker":"Average Joe FInances","startTime":633.567,"endTime":637.302,"body":"estate because I was I guess I,"},{"speaker":"Average Joe FInances","startTime":637.302,"endTime":639.222,"body":"I let the fear get to me, right?"},{"speaker":"Average Joe FInances","startTime":639.222,"endTime":643.337,"body":"I was very fearful of what could"},{"speaker":"Average Joe FInances","startTime":639.222,"endTime":643.337,"body":"potentially happen next, right?"},{"speaker":"Average Joe FInances","startTime":643.737,"endTime":646.957,"body":"Now I look at it as, okay, if"},{"speaker":"Average Joe FInances","startTime":643.737,"endTime":646.957,"body":"something like that happens again,"},{"speaker":"Average Joe FInances","startTime":646.962,"endTime":648.247,"body":"that's a buying opportunity."},{"speaker":"Average Joe FInances","startTime":648.467,"endTime":649.667,"body":"My whole mindset shifted."},{"speaker":"Average Joe FInances","startTime":649.667,"endTime":654.772,"body":"I think that's a what a lot of people"},{"speaker":"Average Joe FInances","startTime":649.667,"endTime":654.772,"body":"who aren't really sure about investing"},{"speaker":"Average Joe FInances","startTime":654.862,"endTime":656.662,"body":"at all, they have this fear mindset."},{"speaker":"Average Joe FInances","startTime":657.232,"endTime":659.992,"body":"And, that's one of the things that"},{"speaker":"Average Joe FInances","startTime":657.232,"endTime":659.992,"body":"we try to alleviate on this show"},{"speaker":"Average Joe FInances","startTime":659.997,"endTime":662.802,"body":"is, that's the first thing you"},{"speaker":"Average Joe FInances","startTime":659.997,"endTime":662.802,"body":"gotta change is your mindset, right?"},{"speaker":"Average Joe FInances","startTime":663.507,"endTime":666.187,"body":"If you didn't think to go"},{"speaker":"Average Joe FInances","startTime":663.507,"endTime":666.187,"body":"a little bit bigger, right?"},{"speaker":"Average Joe FInances","startTime":666.217,"endTime":669.187,"body":"You would've never diversified"},{"speaker":"Average Joe FInances","startTime":666.217,"endTime":669.187,"body":"the way that you did and created"},{"speaker":"Average Joe FInances","startTime":669.187,"endTime":673.507,"body":"this huge thing that you have now"},{"speaker":"Average Joe FInances","startTime":669.187,"endTime":673.507,"body":"with an invest on Main Street."},{"speaker":"Average Joe FInances","startTime":673.507,"endTime":677.442,"body":"Which, speaking of, I want to ask you,"},{"speaker":"Average Joe FInances","startTime":673.507,"endTime":677.442,"body":"because now that you have this well-oiled"},{"speaker":"Average Joe FInances","startTime":677.442,"endTime":678.823,"body":"machine, no pun intended, right?"},{"speaker":"Average Joe FInances","startTime":679.062,"endTime":682.232,"body":"Got the energy in there, but"},{"speaker":"Average Joe FInances","startTime":679.062,"endTime":682.232,"body":"now that you have this, big"},{"speaker":"Average Joe FInances","startTime":682.232,"endTime":683.522,"body":"thing going on, you know that."},{"speaker":"Average Joe FInances","startTime":684.092,"endTime":685.952,"body":"You're doing a lot, right Patrick?"},{"speaker":"Average Joe FInances","startTime":685.952,"endTime":691.322,"body":"So what would you say or what"},{"speaker":"Average Joe FInances","startTime":685.952,"endTime":691.322,"body":"are some tools, software, CRM, or"},{"speaker":"Average Joe FInances","startTime":691.322,"endTime":695.787,"body":"anything that you personally use to"},{"speaker":"Average Joe FInances","startTime":691.322,"endTime":695.787,"body":"keep yourself organized and track"},{"speaker":"Average Joe FInances","startTime":695.787,"endTime":697.167,"body":"everything that you have going on?"},{"speaker":"Average Joe FInances","startTime":697.467,"endTime":700.647,"body":"Because I know a lot of people when"},{"speaker":"Average Joe FInances","startTime":697.467,"endTime":700.647,"body":"they start getting into this game and"},{"speaker":"Average Joe FInances","startTime":700.652,"endTime":704.127,"body":"there's a lot of moving parts, sometimes"},{"speaker":"Average Joe FInances","startTime":700.652,"endTime":704.127,"body":"you get lost in the sauce, right?"},{"speaker":"Average Joe FInances","startTime":704.127,"endTime":705.987,"body":"So what kind of software do you use?"},{"speaker":"Patrick Grimes","startTime":707.662,"endTime":711.652,"body":"So I just, I come from"},{"speaker":"Patrick Grimes","startTime":707.662,"endTime":711.652,"body":"an automation robotics background,"},{"speaker":"Patrick Grimes","startTime":711.682,"endTime":714.782,"body":"machine design, and there's my"},{"speaker":"Patrick Grimes","startTime":711.682,"endTime":714.782,"body":"master's degree in engineering had"},{"speaker":"Patrick Grimes","startTime":714.782,"endTime":716.282,"body":"an emphasis in systems engineering."},{"speaker":"Patrick Grimes","startTime":716.282,"endTime":718.677,"body":"I know that way you're"},{"speaker":"Patrick Grimes","startTime":716.282,"endTime":718.677,"body":"speaking is my language, right?"},{"speaker":"Patrick Grimes","startTime":718.677,"endTime":722.727,"body":"And developing processes and Making things"},{"speaker":"Patrick Grimes","startTime":718.677,"endTime":722.727,"body":"more repeatable and rinse and repeat."},{"speaker":"Patrick Grimes","startTime":722.727,"endTime":724.677,"body":"We talk about that all"},{"speaker":"Patrick Grimes","startTime":722.727,"endTime":724.677,"body":"the time in real estate."},{"speaker":"Patrick Grimes","startTime":724.677,"endTime":727.857,"body":"I was like, I want this investment to"},{"speaker":"Patrick Grimes","startTime":724.677,"endTime":727.857,"body":"be so boring that I've explained it to"},{"speaker":"Patrick Grimes","startTime":727.857,"endTime":731.877,"body":"you so simply, and we just do it over"},{"speaker":"Patrick Grimes","startTime":727.857,"endTime":731.877,"body":"and over again in the same way that"},{"speaker":"Patrick Grimes","startTime":731.877,"endTime":734.217,"body":"it's so repeatable that it's boring."},{"speaker":"Patrick Grimes","startTime":734.337,"endTime":734.967,"body":"That's what I want."},{"speaker":"Patrick Grimes","startTime":735.507,"endTime":738.047,"body":"We don't want flashy,"},{"speaker":"Patrick Grimes","startTime":735.507,"endTime":738.047,"body":"wild, and exciting things."},{"speaker":"Patrick Grimes","startTime":738.667,"endTime":741.027,"body":"But so we to answer your question, yeah."},{"speaker":"Patrick Grimes","startTime":741.082,"endTime":743.792,"body":"We have so we use Asana for"},{"speaker":"Patrick Grimes","startTime":741.082,"endTime":743.792,"body":"project management, if that's"},{"speaker":"Patrick Grimes","startTime":743.792,"endTime":745.052,"body":"what you're asking about."},{"speaker":"Patrick Grimes","startTime":745.112,"endTime":745.472,"body":"We use."},{"speaker":"Average Joe FInances","startTime":745.477,"endTime":745.732,"body":"Oh, nice."},{"speaker":"Patrick Grimes","startTime":745.842,"endTime":746.262,"body":"Slack."},{"speaker":"Average Joe FInances","startTime":746.262,"endTime":746.652,"body":"Use Asana too."},{"speaker":"Average Joe FInances","startTime":746.742,"endTime":747.132,"body":"I love it."},{"speaker":"Patrick Grimes","startTime":747.192,"endTime":747.972,"body":"Yeah, we use Slack."},{"speaker":"Patrick Grimes","startTime":747.972,"endTime":748.332,"body":"Use Slack."},{"speaker":"Patrick Grimes","startTime":748.962,"endTime":752.672,"body":"We use like three different"},{"speaker":"Patrick Grimes","startTime":748.962,"endTime":752.672,"body":"types of backend portals."},{"speaker":"Patrick Grimes","startTime":752.722,"endTime":757.192,"body":"We have Update Capital,"},{"speaker":"Patrick Grimes","startTime":752.722,"endTime":757.192,"body":"Syndication Pro, Next Fest."},{"speaker":"Patrick Grimes","startTime":757.197,"endTime":761.282,"body":"And we currently are launching a cash"},{"speaker":"Patrick Grimes","startTime":757.197,"endTime":761.282,"body":"flow portal, which are all different"},{"speaker":"Patrick Grimes","startTime":761.282,"endTime":764.192,"body":"kinds of portals that allow us to"},{"speaker":"Patrick Grimes","startTime":761.282,"endTime":764.192,"body":"access different kinds of track,"},{"speaker":"Patrick Grimes","startTime":764.192,"endTime":765.452,"body":"different kinds of investments."},{"speaker":"Patrick Grimes","startTime":766.112,"endTime":772.282,"body":"Man, we have a Zoho CRM and we have,"},{"speaker":"Patrick Grimes","startTime":766.112,"endTime":772.282,"body":"which does pipeline and funneling we"},{"speaker":"Patrick Grimes","startTime":772.282,"endTime":776.347,"body":"have active campaign, which helps us"},{"speaker":"Patrick Grimes","startTime":772.282,"endTime":776.347,"body":"warm up and send out keep our investors"},{"speaker":"Patrick Grimes","startTime":776.347,"endTime":778.957,"body":"appraised about latest investments."},{"speaker":"Patrick Grimes","startTime":779.797,"endTime":782.552,"body":"And trying to think on the front"},{"speaker":"Patrick Grimes","startTime":779.797,"endTime":782.552,"body":"end of the back end, we have so many"},{"speaker":"Patrick Grimes","startTime":782.552,"endTime":787.532,"body":"different tools that we use that it's"},{"speaker":"Patrick Grimes","startTime":782.552,"endTime":787.532,"body":"gonna be hard to get to all of 'em,"},{"speaker":"Patrick Grimes","startTime":787.532,"endTime":789.522,"body":"but, I would say that's the short list."},{"speaker":"Average Joe FInances","startTime":789.912,"endTime":790.662,"body":"No that's great though."},{"speaker":"Average Joe FInances","startTime":790.667,"endTime":794.737,"body":"But you would say that, running some type"},{"speaker":"Average Joe FInances","startTime":790.667,"endTime":794.737,"body":"of organization like this, you need some"},{"speaker":"Average Joe FInances","startTime":794.737,"endTime":797.197,"body":"type of CRM system in place and software."},{"speaker":"Average Joe FInances","startTime":797.527,"endTime":799.567,"body":"That would just be too much to"},{"speaker":"Average Joe FInances","startTime":797.527,"endTime":799.567,"body":"have on a spreadsheet, right?"},{"speaker":"Patrick Grimes","startTime":800.567,"endTime":804.527,"body":"When I started, I had"},{"speaker":"Patrick Grimes","startTime":800.567,"endTime":804.527,"body":"this, I'm gonna start in a way to scale."},{"speaker":"Patrick Grimes","startTime":805.457,"endTime":809.957,"body":"And even though I started on day"},{"speaker":"Patrick Grimes","startTime":805.457,"endTime":809.957,"body":"one with a website and a CRM and"},{"speaker":"Patrick Grimes","startTime":809.987,"endTime":815.322,"body":"automations and building like"},{"speaker":"Patrick Grimes","startTime":809.987,"endTime":815.322,"body":"This platform with information and"},{"speaker":"Patrick Grimes","startTime":815.412,"endTime":818.182,"body":"investors and knowledge and content."},{"speaker":"Patrick Grimes","startTime":818.842,"endTime":822.352,"body":"I still to this day am like why"},{"speaker":"Patrick Grimes","startTime":818.842,"endTime":822.352,"body":"didn't I start with a better one?"},{"speaker":"Patrick Grimes","startTime":822.402,"endTime":826.842,"body":"I, why didn't I pony up and get HubSpot"},{"speaker":"Patrick Grimes","startTime":822.402,"endTime":826.842,"body":"first, like on day one, because it was"},{"speaker":"Patrick Grimes","startTime":826.847,"endTime":828.552,"body":"like a four grand expense or something."},{"speaker":"Patrick Grimes","startTime":828.552,"endTime":832.662,"body":"Just this time I was like let's step"},{"speaker":"Patrick Grimes","startTime":828.552,"endTime":832.662,"body":"into this, and I started with an active"},{"speaker":"Patrick Grimes","startTime":832.662,"endTime":833.922,"body":"campaign, but if I would've thought."},{"speaker":"Patrick Grimes","startTime":834.312,"endTime":835.122,"body":"Bigger sooner."},{"speaker":"Patrick Grimes","startTime":835.172,"endTime":840.412,"body":"I was thinking pretty big even then,"},{"speaker":"Patrick Grimes","startTime":835.172,"endTime":840.412,"body":"but putting in investing in the software"},{"speaker":"Patrick Grimes","startTime":840.622,"endTime":846.712,"body":"sooner, I think is wiser because right"},{"speaker":"Patrick Grimes","startTime":840.622,"endTime":846.712,"body":"now we only need Zoho because active"},{"speaker":"Patrick Grimes","startTime":846.712,"endTime":848.902,"body":"campaign can't get us where we need to go."},{"speaker":"Patrick Grimes","startTime":848.932,"endTime":849.802,"body":"How'd we done HubSpot?"},{"speaker":"Patrick Grimes","startTime":849.802,"endTime":850.312,"body":"It would've done him."},{"speaker":"Patrick Grimes","startTime":850.382,"endTime":853.412,"body":"Or we had just, so I think"},{"speaker":"Patrick Grimes","startTime":850.382,"endTime":853.412,"body":"it's something to think about."},{"speaker":"Patrick Grimes","startTime":853.442,"endTime":857.432,"body":"Definitely and it, without"},{"speaker":"Patrick Grimes","startTime":853.442,"endTime":857.432,"body":"the systems and processes, we"},{"speaker":"Patrick Grimes","startTime":857.432,"endTime":858.962,"body":"would've never been able to scale."},{"speaker":"Patrick Grimes","startTime":858.967,"endTime":862.802,"body":"We just for this last"},{"speaker":"Patrick Grimes","startTime":858.967,"endTime":862.802,"body":"round of energy raising."},{"speaker":"Patrick Grimes","startTime":863.032,"endTime":866.422,"body":"We onboarded on a hundred investors"},{"speaker":"Patrick Grimes","startTime":863.032,"endTime":866.422,"body":"just right before the holidays."},{"speaker":"Average Joe FInances","startTime":867.292,"endTime":867.652,"body":"Awesome."},{"speaker":"Patrick Grimes","startTime":867.652,"endTime":871.927,"body":"And we have 20 plus"},{"speaker":"Patrick Grimes","startTime":867.652,"endTime":871.927,"body":"SOPs just for that, just to be able"},{"speaker":"Patrick Grimes","startTime":871.932,"endTime":873.367,"body":"to get an investor into our system."},{"speaker":"Patrick Grimes","startTime":873.882,"endTime":877.037,"body":"And and there's so much stuff"},{"speaker":"Patrick Grimes","startTime":873.882,"endTime":877.037,"body":"that's required to receive."},{"speaker":"Patrick Grimes","startTime":877.902,"endTime":881.982,"body":"An investor and get their"},{"speaker":"Patrick Grimes","startTime":877.902,"endTime":881.982,"body":"investment in a securities offering."},{"speaker":"Patrick Grimes","startTime":882.522,"endTime":887.507,"body":"Not only in but the accreditation letters,"},{"speaker":"Patrick Grimes","startTime":882.522,"endTime":887.507,"body":"the filings of the SEC and everything."},{"speaker":"Patrick Grimes","startTime":888.057,"endTime":890.517,"body":"And we have a whole team of"},{"speaker":"Patrick Grimes","startTime":888.057,"endTime":890.517,"body":"people chunk along doing it."},{"speaker":"Patrick Grimes","startTime":891.267,"endTime":892.797,"body":"And we had two people leave right after."},{"speaker":"Patrick Grimes","startTime":892.847,"endTime":896.177,"body":"During the holidays, one had carpal"},{"speaker":"Patrick Grimes","startTime":892.847,"endTime":896.177,"body":"tunnel and then she couldn't go."},{"speaker":"Patrick Grimes","startTime":896.177,"endTime":898.667,"body":"And then another one's mom had"},{"speaker":"Patrick Grimes","startTime":896.177,"endTime":898.667,"body":"breast cancer and she asked if"},{"speaker":"Patrick Grimes","startTime":898.667,"endTime":899.987,"body":"she could spend time with her mom."},{"speaker":"Patrick Grimes","startTime":900.467,"endTime":900.647,"body":"Oh."},{"speaker":"Patrick Grimes","startTime":900.647,"endTime":903.052,"body":"And then the third one's leaving now"},{"speaker":"Patrick Grimes","startTime":900.647,"endTime":903.052,"body":"because she's been with me for four"},{"speaker":"Patrick Grimes","startTime":903.052,"endTime":905.542,"body":"years and she's going on maternity leave."},{"speaker":"Patrick Grimes","startTime":906.712,"endTime":909.362,"body":"These all have an open invitation to"},{"speaker":"Patrick Grimes","startTime":906.712,"endTime":909.362,"body":"come back, but they're still gone."},{"speaker":"Patrick Grimes","startTime":909.362,"endTime":913.612,"body":"And if it wasn't for these procedures"},{"speaker":"Patrick Grimes","startTime":909.362,"endTime":913.612,"body":"and processes and systems, we'd"},{"speaker":"Patrick Grimes","startTime":913.612,"endTime":915.352,"body":"be totally screwed right now."},{"speaker":"Average Joe FInances","startTime":915.812,"endTime":916.112,"body":"Yeah."},{"speaker":"Patrick Grimes","startTime":916.517,"endTime":918.647,"body":"And so there's"},{"speaker":"Patrick Grimes","startTime":916.517,"endTime":918.647,"body":"really multiple there's a lot"},{"speaker":"Patrick Grimes","startTime":918.647,"endTime":920.177,"body":"of different reasons, right?"},{"speaker":"Patrick Grimes","startTime":920.327,"endTime":925.577,"body":"And so it allowed me the flexibility to"},{"speaker":"Patrick Grimes","startTime":920.327,"endTime":925.577,"body":"let them go and still run a company and"},{"speaker":"Patrick Grimes","startTime":925.577,"endTime":926.997,"body":"not have to like, no, you have to stay."},{"speaker":"Average Joe FInances","startTime":927.767,"endTime":928.047,"body":"Yeah."},{"speaker":"Average Joe FInances","startTime":928.047,"endTime":929.637,"body":"No, you have a lot of fail safes in there."},{"speaker":"Average Joe FInances","startTime":930.057,"endTime":930.957,"body":"So that's great."},{"speaker":"Average Joe FInances","startTime":930.957,"endTime":935.217,"body":"The automation and just having these"},{"speaker":"Average Joe FInances","startTime":930.957,"endTime":935.217,"body":"different processes in place, I think"},{"speaker":"Average Joe FInances","startTime":935.217,"endTime":938.157,"body":"that's the most important thing is"},{"speaker":"Average Joe FInances","startTime":935.217,"endTime":938.157,"body":"you have a really good process, right?"},{"speaker":"Average Joe FInances","startTime":938.157,"endTime":939.207,"body":"You have a really good system."},{"speaker":"Average Joe FInances","startTime":939.927,"endTime":944.087,"body":"So I wanted to ask you, Patrick, from"},{"speaker":"Average Joe FInances","startTime":939.927,"endTime":944.087,"body":"when you started to where you are"},{"speaker":"Average Joe FInances","startTime":944.087,"endTime":949.707,"body":"today, what does your organization"},{"speaker":"Average Joe FInances","startTime":944.087,"endTime":949.707,"body":"look like from the beginning to now?"},{"speaker":"Patrick Grimes","startTime":951.457,"endTime":955.577,"body":"It started out"},{"speaker":"Patrick Grimes","startTime":951.457,"endTime":955.577,"body":"where I was just un analyzing"},{"speaker":"Patrick Grimes","startTime":955.582,"endTime":956.987,"body":"single family homes myself."},{"speaker":"Patrick Grimes","startTime":957.037,"endTime":960.187,"body":"I bought the hold investor and I"},{"speaker":"Patrick Grimes","startTime":957.037,"endTime":960.187,"body":"was just gonna hold homes forever."},{"speaker":"Patrick Grimes","startTime":960.577,"endTime":964.657,"body":"It's on the, it's the yellow one on"},{"speaker":"Patrick Grimes","startTime":960.577,"endTime":964.657,"body":"thing right there and I was learning"},{"speaker":"Patrick Grimes","startTime":964.657,"endTime":968.377,"body":"how to analyze deals, learning how"},{"speaker":"Patrick Grimes","startTime":964.657,"endTime":968.377,"body":"to find recession resilient markets,"},{"speaker":"Patrick Grimes","startTime":968.377,"endTime":971.257,"body":"ones that had bounced back quickly,"},{"speaker":"Patrick Grimes","startTime":968.377,"endTime":971.257,"body":"learning about diversified employment."},{"speaker":"Patrick Grimes","startTime":971.827,"endTime":976.327,"body":"And this was when I came back"},{"speaker":"Patrick Grimes","startTime":971.827,"endTime":976.327,"body":"after the big downturn and I"},{"speaker":"Patrick Grimes","startTime":976.332,"endTime":977.707,"body":"was analyzing all the deals."},{"speaker":"Patrick Grimes","startTime":977.707,"endTime":979.067,"body":"I was flying to places like Houston."},{"speaker":"Patrick Grimes","startTime":979.597,"endTime":983.047,"body":"I was looking at the properties, I"},{"speaker":"Patrick Grimes","startTime":979.597,"endTime":983.047,"body":"was building teams, property managers,"},{"speaker":"Patrick Grimes","startTime":983.047,"endTime":989.237,"body":"inspectors, appraisers renovators,"},{"speaker":"Patrick Grimes","startTime":983.047,"endTime":989.237,"body":"and in fact, The guy who renovated"},{"speaker":"Patrick Grimes","startTime":989.237,"endTime":992.357,"body":"a lot of my properties as a single"},{"speaker":"Patrick Grimes","startTime":989.237,"endTime":992.357,"body":"family now works for me and invests"},{"speaker":"Patrick Grimes","startTime":992.357,"endTime":993.497,"body":"on Main Street and multifamily."},{"speaker":"Patrick Grimes","startTime":993.927,"endTime":995.562,"body":"Now cuz he reeled me in a single family."},{"speaker":"Patrick Grimes","startTime":995.562,"endTime":997.362,"body":"I reeled him in a multifamily, so."},{"speaker":"Average Joe FInances","startTime":997.362,"endTime":997.842,"body":"There you go."},{"speaker":"Patrick Grimes","startTime":998.142,"endTime":998.382,"body":"Yeah."},{"speaker":"Patrick Grimes","startTime":998.382,"endTime":1003.457,"body":"I was doing a lot of that myself and the"},{"speaker":"Patrick Grimes","startTime":998.382,"endTime":1003.457,"body":"challenge was I was slaving away doing"},{"speaker":"Patrick Grimes","startTime":1003.457,"endTime":1005.227,"body":"machine design automation and robotics."},{"speaker":"Patrick Grimes","startTime":1005.227,"endTime":1006.337,"body":"It's actually really tough job."},{"speaker":"Patrick Grimes","startTime":1007.027,"endTime":1010.837,"body":"And I was traveling around for"},{"speaker":"Patrick Grimes","startTime":1007.027,"endTime":1010.837,"body":"that and for many years I was"},{"speaker":"Patrick Grimes","startTime":1010.837,"endTime":1013.417,"body":"moonlighting this real estate stuff."},{"speaker":"Patrick Grimes","startTime":1013.847,"endTime":1019.347,"body":"Which made me pay and I didn't get married"},{"speaker":"Patrick Grimes","startTime":1013.847,"endTime":1019.347,"body":"until I was 35, and it was actually"},{"speaker":"Patrick Grimes","startTime":1019.347,"endTime":1022.862,"body":"then that I met my soon To be wife that"},{"speaker":"Patrick Grimes","startTime":1019.347,"endTime":1022.862,"body":"I said, look, I'm gonna give this up."},{"speaker":"Patrick Grimes","startTime":1022.862,"endTime":1025.202,"body":"And she was there for my very"},{"speaker":"Patrick Grimes","startTime":1022.862,"endTime":1025.202,"body":"last single family closing."},{"speaker":"Patrick Grimes","startTime":1026.012,"endTime":1028.352,"body":"I said, I'm gonna come back to this later,"},{"speaker":"Patrick Grimes","startTime":1026.012,"endTime":1028.352,"body":"but I'm gonna do something different."},{"speaker":"Patrick Grimes","startTime":1028.892,"endTime":1031.862,"body":"And then I married her in"},{"speaker":"Patrick Grimes","startTime":1028.892,"endTime":1031.862,"body":"California and in Beijing."},{"speaker":"Patrick Grimes","startTime":1032.792,"endTime":1035.672,"body":"And then after that's when I came"},{"speaker":"Patrick Grimes","startTime":1032.792,"endTime":1035.672,"body":"back and said, okay, I'm gonna scale."},{"speaker":"Patrick Grimes","startTime":1035.672,"endTime":1036.812,"body":"I'm gonna go private equity."},{"speaker":"Patrick Grimes","startTime":1037.172,"endTime":1040.262,"body":"I'm gonna work with partners so we, so"},{"speaker":"Patrick Grimes","startTime":1037.172,"endTime":1040.262,"body":"I don't have to slave away and do all"},{"speaker":"Patrick Grimes","startTime":1040.262,"endTime":1043.992,"body":"these things I'm not passionate about,"},{"speaker":"Patrick Grimes","startTime":1040.262,"endTime":1043.992,"body":"I'm gonna find what my superpowers are."},{"speaker":"Patrick Grimes","startTime":1043.992,"endTime":1047.542,"body":"I'm gonna bring other people that are"},{"speaker":"Patrick Grimes","startTime":1043.992,"endTime":1047.542,"body":"already in the markets that I'm in that"},{"speaker":"Patrick Grimes","startTime":1047.547,"endTime":1049.072,"body":"already have the know-how and knowledge."},{"speaker":"Patrick Grimes","startTime":1049.132,"endTime":1053.092,"body":"And we're gonna team up, we're gonna"},{"speaker":"Patrick Grimes","startTime":1049.132,"endTime":1053.092,"body":"partner up, we're gonna scale in a way"},{"speaker":"Patrick Grimes","startTime":1053.092,"endTime":1058.132,"body":"where we can scale by building out teams"},{"speaker":"Patrick Grimes","startTime":1053.092,"endTime":1058.132,"body":"with processes and systems and partners."},{"speaker":"Patrick Grimes","startTime":1058.187,"endTime":1061.002,"body":"And it wasn't until I learned"},{"speaker":"Patrick Grimes","startTime":1058.187,"endTime":1061.002,"body":"that I actually started succeeding"},{"speaker":"Patrick Grimes","startTime":1061.002,"endTime":1062.622,"body":"better, getting into better assets."},{"speaker":"Patrick Grimes","startTime":1063.562,"endTime":1067.167,"body":"Ones that are larger apartment buildings"},{"speaker":"Patrick Grimes","startTime":1063.562,"endTime":1067.167,"body":"with onsite property management that"},{"speaker":"Patrick Grimes","startTime":1067.617,"endTime":1071.547,"body":"are non-recourse, that are much safer"},{"speaker":"Patrick Grimes","startTime":1067.617,"endTime":1071.547,"body":"and better appreciating markets."},{"speaker":"Patrick Grimes","startTime":1072.127,"endTime":1076.057,"body":"I was able to build more credibility"},{"speaker":"Patrick Grimes","startTime":1072.127,"endTime":1076.057,"body":"with buying power with brokers to take"},{"speaker":"Patrick Grimes","startTime":1076.062,"endTime":1078.017,"body":"down bigger assets as a team, right?"},{"speaker":"Patrick Grimes","startTime":1078.877,"endTime":1082.117,"body":"And so it wasn't until I did all"},{"speaker":"Patrick Grimes","startTime":1078.877,"endTime":1082.117,"body":"that started building out partners,"},{"speaker":"Patrick Grimes","startTime":1082.297,"endTime":1087.467,"body":"vertically integrated on the property"},{"speaker":"Patrick Grimes","startTime":1082.297,"endTime":1087.467,"body":"management and doing having teams of"},{"speaker":"Patrick Grimes","startTime":1087.472,"endTime":1089.507,"body":"acquisitions and asset management."},{"speaker":"Patrick Grimes","startTime":1089.972,"endTime":1093.812,"body":"As well as capital raising and"},{"speaker":"Patrick Grimes","startTime":1089.972,"endTime":1093.812,"body":"man and building all those pieces"},{"speaker":"Patrick Grimes","startTime":1093.812,"endTime":1097.112,"body":"together that where we are today."},{"speaker":"Patrick Grimes","startTime":1098.352,"endTime":1102.102,"body":"And doing that with strategic investments"},{"speaker":"Patrick Grimes","startTime":1098.352,"endTime":1102.102,"body":"in strategic markets cuz we all have"},{"speaker":"Patrick Grimes","startTime":1102.512,"endTime":1106.267,"body":"different people that have different"},{"speaker":"Patrick Grimes","startTime":1102.512,"endTime":1106.267,"body":"verticals and energy or affordable"},{"speaker":"Patrick Grimes","startTime":1106.272,"endTime":1108.067,"body":"housing or in large multi-family."},{"speaker":"Patrick Grimes","startTime":1108.677,"endTime":1112.247,"body":"And so just slowly bolting on and bolting"},{"speaker":"Patrick Grimes","startTime":1108.677,"endTime":1112.247,"body":"on more strategic relationships than."},{"speaker":"Patrick Grimes","startTime":1112.857,"endTime":1115.977,"body":"That allowed us to also leverage"},{"speaker":"Patrick Grimes","startTime":1112.857,"endTime":1115.977,"body":"people that are really great at"},{"speaker":"Patrick Grimes","startTime":1115.977,"endTime":1117.927,"body":"what they've been doing, and they've"},{"speaker":"Patrick Grimes","startTime":1115.977,"endTime":1117.927,"body":"been doing it for decades, right?"},{"speaker":"Patrick Grimes","startTime":1118.117,"endTime":1120.817,"body":"I've been in engineering, these people"},{"speaker":"Patrick Grimes","startTime":1118.117,"endTime":1120.817,"body":"have been doing nothing, but they're"},{"speaker":"Patrick Grimes","startTime":1120.817,"endTime":1122.947,"body":"one thing for decades and they love it."},{"speaker":"Patrick Grimes","startTime":1122.947,"endTime":1126.197,"body":"They're good at it, and so it's really"},{"speaker":"Patrick Grimes","startTime":1122.947,"endTime":1126.197,"body":"allowed us to offer a much more complete"},{"speaker":"Patrick Grimes","startTime":1126.202,"endTime":1131.107,"body":"offering to our investor base and"},{"speaker":"Patrick Grimes","startTime":1126.202,"endTime":1131.107,"body":"diversify alongside of our investors."},{"speaker":"Average Joe FInances","startTime":1132.127,"endTime":1134.117,"body":"Yeah, and I think"},{"speaker":"Average Joe FInances","startTime":1132.127,"endTime":1134.117,"body":"the important thing too, Patrick, that"},{"speaker":"Average Joe FInances","startTime":1134.117,"endTime":1137.957,"body":"you're talking about is having the"},{"speaker":"Average Joe FInances","startTime":1134.117,"endTime":1137.957,"body":"right people and the right job, right?"},{"speaker":"Average Joe FInances","startTime":1137.962,"endTime":1143.457,"body":"And, you're obviously you've found those"},{"speaker":"Average Joe FInances","startTime":1137.962,"endTime":1143.457,"body":"experts in their field and you get to"},{"speaker":"Average Joe FInances","startTime":1143.507,"endTime":1147.447,"body":"utilize that expertise and it's something"},{"speaker":"Average Joe FInances","startTime":1143.507,"endTime":1147.447,"body":"that you can be a little bit more hands"},{"speaker":"Average Joe FInances","startTime":1147.507,"endTime":1151.167,"body":"off with, because the difference was, when"},{"speaker":"Average Joe FInances","startTime":1147.507,"endTime":1151.167,"body":"you were doing this on your own, doing"},{"speaker":"Average Joe FInances","startTime":1151.167,"endTime":1154.897,"body":"the, the single family homes, the buying,"},{"speaker":"Average Joe FInances","startTime":1151.167,"endTime":1154.897,"body":"renovating, renting out, and, buying"},{"speaker":"Average Joe FInances","startTime":1154.897,"endTime":1159.557,"body":"and holding you had to be that quote"},{"speaker":"Average Joe FInances","startTime":1154.897,"endTime":1159.557,"body":"unquote expert in everything that you"},{"speaker":"Average Joe FInances","startTime":1159.557,"endTime":1164.387,"body":"were doing right now, you're able to pull"},{"speaker":"Average Joe FInances","startTime":1159.557,"endTime":1164.387,"body":"in all the experts in their particular"},{"speaker":"Average Joe FInances","startTime":1164.387,"endTime":1168.072,"body":"fields and utilize their expertise"},{"speaker":"Average Joe FInances","startTime":1164.387,"endTime":1168.072,"body":"while you can just be like, okay, I"},{"speaker":"Average Joe FInances","startTime":1168.077,"endTime":1172.632,"body":"don't have to like, kill myself trying"},{"speaker":"Average Joe FInances","startTime":1168.077,"endTime":1172.632,"body":"to get these assets and make this work."},{"speaker":"Average Joe FInances","startTime":1172.632,"endTime":1173.257,"body":"So that's fantastic."},{"speaker":"Average Joe FInances","startTime":1173.987,"endTime":1177.672,"body":"I wanted to ask you too, because there"},{"speaker":"Average Joe FInances","startTime":1173.987,"endTime":1177.672,"body":"is a huge difference between the single"},{"speaker":"Average Joe FInances","startTime":1177.672,"endTime":1179.142,"body":"family side and the multi-family side."},{"speaker":"Average Joe FInances","startTime":1179.142,"endTime":1180.222,"body":"Because I've done that too."},{"speaker":"Average Joe FInances","startTime":1180.642,"endTime":1181.662,"body":"And switching over."},{"speaker":"Average Joe FInances","startTime":1181.662,"endTime":1185.937,"body":"Now, I wanted to ask you, when you"},{"speaker":"Average Joe FInances","startTime":1181.662,"endTime":1185.937,"body":"made this shift, and this is gonna"},{"speaker":"Average Joe FInances","startTime":1185.942,"endTime":1187.167,"body":"be a two-part question, right?"},{"speaker":"Average Joe FInances","startTime":1187.677,"endTime":1188.937,"body":"So you shifted to multi-family."},{"speaker":"Average Joe FInances","startTime":1189.447,"endTime":1191.187,"body":"What did you do to find deals there?"},{"speaker":"Average Joe FInances","startTime":1191.637,"endTime":1196.017,"body":"And also when you started getting into"},{"speaker":"Average Joe FInances","startTime":1191.637,"endTime":1196.017,"body":"the energy side, what did you do to find"},{"speaker":"Average Joe FInances","startTime":1196.017,"endTime":1198.537,"body":"those areas where you leased the land?"},{"speaker":"Average Joe FInances","startTime":1198.587,"endTime":1199.397,"body":"For the energy side."},{"speaker":"Patrick Grimes","startTime":1201.452,"endTime":1202.262,"body":"This is a great question."},{"speaker":"Patrick Grimes","startTime":1202.267,"endTime":1205.507,"body":"When we started doing on the multi-family"},{"speaker":"Patrick Grimes","startTime":1202.267,"endTime":1205.507,"body":"side, my wife and I were traveling."},{"speaker":"Patrick Grimes","startTime":1205.507,"endTime":1208.477,"body":"I was already traveling for work"},{"speaker":"Patrick Grimes","startTime":1205.507,"endTime":1208.477,"body":"a lot, but she would come with me."},{"speaker":"Patrick Grimes","startTime":1208.477,"endTime":1210.067,"body":"I have companion pass, she'd fly for free."},{"speaker":"Patrick Grimes","startTime":1210.407,"endTime":1212.627,"body":"I would go to work and go do the meetings."},{"speaker":"Patrick Grimes","startTime":1212.627,"endTime":1216.797,"body":"We would then travel around, meet with"},{"speaker":"Patrick Grimes","startTime":1212.627,"endTime":1216.797,"body":"brokers, tour all kinds of properties."},{"speaker":"Patrick Grimes","startTime":1216.797,"endTime":1220.067,"body":"We would look at the different brokerage"},{"speaker":"Patrick Grimes","startTime":1216.797,"endTime":1220.067,"body":"firms, and then we would see what"},{"speaker":"Patrick Grimes","startTime":1220.067,"endTime":1223.787,"body":"their previous closed properties are,"},{"speaker":"Patrick Grimes","startTime":1220.067,"endTime":1223.787,"body":"and we would actually go, before we'd"},{"speaker":"Patrick Grimes","startTime":1223.787,"endTime":1226.367,"body":"meet with the broker to four or five"},{"speaker":"Patrick Grimes","startTime":1223.787,"endTime":1226.367,"body":"of their properties that they closed."},{"speaker":"Patrick Grimes","startTime":1227.552,"endTime":1229.232,"body":"And then we'd see, we'd ask them, so who."},{"speaker":"Patrick Grimes","startTime":1229.737,"endTime":1230.637,"body":"Who did you sell that to?"},{"speaker":"Patrick Grimes","startTime":1230.637,"endTime":1231.297,"body":"Who did you sell this to?"},{"speaker":"Patrick Grimes","startTime":1231.297,"endTime":1232.197,"body":"We walked this property."},{"speaker":"Patrick Grimes","startTime":1232.197,"endTime":1233.367,"body":"This is what we liked about this one."},{"speaker":"Patrick Grimes","startTime":1233.367,"endTime":1237.087,"body":"We like that, that one, doing our"},{"speaker":"Patrick Grimes","startTime":1233.367,"endTime":1237.087,"body":"homework prior and then learning from"},{"speaker":"Patrick Grimes","startTime":1237.087,"endTime":1239.552,"body":"them that they're like, oh wow, these"},{"speaker":"Patrick Grimes","startTime":1237.087,"endTime":1239.552,"body":"guys have actually walked all these"},{"speaker":"Patrick Grimes","startTime":1239.552,"endTime":1241.292,"body":"properties, like they're serious."},{"speaker":"Patrick Grimes","startTime":1241.772,"endTime":1243.842,"body":"Maybe if I give them a deal,"},{"speaker":"Patrick Grimes","startTime":1241.772,"endTime":1243.842,"body":"they'll actually take it"},{"speaker":"Patrick Grimes","startTime":1243.842,"endTime":1245.162,"body":"seriously and walk it themselves."},{"speaker":"Patrick Grimes","startTime":1245.212,"endTime":1248.362,"body":"Not only that, but when we found out"},{"speaker":"Patrick Grimes","startTime":1245.212,"endTime":1248.362,"body":"who that the broker worked with, we"},{"speaker":"Patrick Grimes","startTime":1248.362,"endTime":1252.562,"body":"contacted those sponsors and we're like,"},{"speaker":"Patrick Grimes","startTime":1248.362,"endTime":1252.562,"body":"Hey, we watched your property and such."},{"speaker":"Patrick Grimes","startTime":1252.562,"endTime":1255.182,"body":"We just met with such and such"},{"speaker":"Patrick Grimes","startTime":1252.562,"endTime":1255.182,"body":"it was just this really cool."},{"speaker":"Patrick Grimes","startTime":1255.602,"endTime":1257.372,"body":"Investment, excited."},{"speaker":"Patrick Grimes","startTime":1257.372,"endTime":1258.782,"body":"Let us know if ever need somebody."},{"speaker":"Patrick Grimes","startTime":1258.812,"endTime":1262.202,"body":"And then we learned a little"},{"speaker":"Patrick Grimes","startTime":1258.812,"endTime":1262.202,"body":"bit about what their, why they"},{"speaker":"Patrick Grimes","startTime":1262.202,"endTime":1265.082,"body":"are doing, what they're doing,"},{"speaker":"Patrick Grimes","startTime":1262.202,"endTime":1265.082,"body":"what their buy box looked like."},{"speaker":"Patrick Grimes","startTime":1265.082,"endTime":1268.022,"body":"And we were able to start kicking"},{"speaker":"Patrick Grimes","startTime":1265.082,"endTime":1268.022,"body":"opportunities to them that"},{"speaker":"Patrick Grimes","startTime":1268.022,"endTime":1269.187,"body":"we saw Hey, did you see this?"},{"speaker":"Patrick Grimes","startTime":1269.187,"endTime":1269.727,"body":"Did you see that?"},{"speaker":"Patrick Grimes","startTime":1269.727,"endTime":1272.457,"body":"For the most part, they saw everything"},{"speaker":"Patrick Grimes","startTime":1269.727,"endTime":1272.457,"body":"already, but that wasn't it."},{"speaker":"Patrick Grimes","startTime":1272.817,"endTime":1275.787,"body":"They saw us at the table playing."},{"speaker":"Patrick Grimes","startTime":1276.297,"endTime":1278.847,"body":"We were swinging, maybe we were"},{"speaker":"Patrick Grimes","startTime":1276.297,"endTime":1278.847,"body":"playing little league, but they"},{"speaker":"Patrick Grimes","startTime":1278.847,"endTime":1279.957,"body":"were like, oh, that's cute."},{"speaker":"Patrick Grimes","startTime":1279.997,"endTime":1283.627,"body":"One of these days they're gonna be like"},{"speaker":"Patrick Grimes","startTime":1279.997,"endTime":1283.627,"body":"you know what, we're a player down."},{"speaker":"Patrick Grimes","startTime":1284.252,"endTime":1285.732,"body":"Why don't you come and help us out?"},{"speaker":"Patrick Grimes","startTime":1286.152,"endTime":1287.082,"body":"And that's how it worked out."},{"speaker":"Patrick Grimes","startTime":1287.082,"endTime":1287.352,"body":"Actually."},{"speaker":"Patrick Grimes","startTime":1287.352,"endTime":1290.272,"body":"We brought deal after deal after"},{"speaker":"Patrick Grimes","startTime":1287.352,"endTime":1290.272,"body":"deal to all kinds of people."},{"speaker":"Patrick Grimes","startTime":1290.272,"endTime":1294.502,"body":"It took me two and a half years looking"},{"speaker":"Patrick Grimes","startTime":1290.272,"endTime":1294.502,"body":"for deals, underwriting deals, and"},{"speaker":"Patrick Grimes","startTime":1294.502,"endTime":1300.142,"body":"analyzing them and doing due diligence,"},{"speaker":"Patrick Grimes","startTime":1294.502,"endTime":1300.142,"body":"walking, flying around like huge sounds"},{"speaker":"Patrick Grimes","startTime":1300.352,"endTime":1303.892,"body":"like a huge waste of expense, but"},{"speaker":"Patrick Grimes","startTime":1300.352,"endTime":1303.892,"body":"it was the best hands-on education."},{"speaker":"Patrick Grimes","startTime":1304.162,"endTime":1308.602,"body":"You can, like learning the nitty"},{"speaker":"Patrick Grimes","startTime":1304.162,"endTime":1308.602,"body":"gritty behind walking the units"},{"speaker":"Patrick Grimes","startTime":1309.112,"endTime":1310.582,"body":"on what makes a good and bad deal."},{"speaker":"Patrick Grimes","startTime":1310.682,"endTime":1312.482,"body":"To where finally somebody"},{"speaker":"Patrick Grimes","startTime":1310.682,"endTime":1312.482,"body":"goes Hey, you know what?"},{"speaker":"Patrick Grimes","startTime":1312.482,"endTime":1316.082,"body":"I have this small deal and I'm"},{"speaker":"Patrick Grimes","startTime":1312.482,"endTime":1316.082,"body":"tied up on these other bigger"},{"speaker":"Patrick Grimes","startTime":1316.082,"endTime":1317.162,"body":"ones, but I have this small one."},{"speaker":"Patrick Grimes","startTime":1317.422,"endTime":1318.902,"body":"Can you help me get"},{"speaker":"Patrick Grimes","startTime":1317.422,"endTime":1318.902,"body":"across the finish line?"},{"speaker":"Patrick Grimes","startTime":1318.902,"endTime":1321.082,"body":"I can't let a guy, I really want"},{"speaker":"Patrick Grimes","startTime":1318.902,"endTime":1321.082,"body":"to, I need somebody like you."},{"speaker":"Patrick Grimes","startTime":1321.382,"endTime":1322.732,"body":"You're out there, you're working hard."},{"speaker":"Patrick Grimes","startTime":1322.912,"endTime":1324.352,"body":"Let's just put you to work on this one."},{"speaker":"Patrick Grimes","startTime":1324.382,"endTime":1325.792,"body":"And it was 86 units."},{"speaker":"Patrick Grimes","startTime":1325.912,"endTime":1327.083,"body":"That was a small deal for him."},{"speaker":"Patrick Grimes","startTime":1327.292,"endTime":1331.132,"body":"So I went from a portfolio of"},{"speaker":"Patrick Grimes","startTime":1327.292,"endTime":1331.132,"body":"three bedroom, two bath houses."},{"speaker":"Patrick Grimes","startTime":1331.652,"endTime":1336.607,"body":"And then my next small deal was"},{"speaker":"Patrick Grimes","startTime":1331.652,"endTime":1336.607,"body":"86 units and that deal's smoking."},{"speaker":"Patrick Grimes","startTime":1336.637,"endTime":1339.667,"body":"Right now we just increased"},{"speaker":"Patrick Grimes","startTime":1336.637,"endTime":1339.667,"body":"the distributions of the 9% and"},{"speaker":"Patrick Grimes","startTime":1339.667,"endTime":1341.647,"body":"so a year, which is awesome."},{"speaker":"Patrick Grimes","startTime":1342.277,"endTime":1346.047,"body":"And But yeah, so then I did everything"},{"speaker":"Patrick Grimes","startTime":1342.277,"endTime":1346.047,"body":"I possibly could do to take this"},{"speaker":"Patrick Grimes","startTime":1346.047,"endTime":1350.237,"body":"over the finish line and I record did"},{"speaker":"Patrick Grimes","startTime":1346.047,"endTime":1350.237,"body":"zooms with my partners, recorded them."},{"speaker":"Patrick Grimes","startTime":1350.237,"endTime":1353.402,"body":"So I got everything and I was like, back I"},{"speaker":"Patrick Grimes","startTime":1350.237,"endTime":1353.402,"body":"was like, back at Master's program again."},{"speaker":"Patrick Grimes","startTime":1353.402,"endTime":1355.862,"body":"I was like, but this is the one"},{"speaker":"Patrick Grimes","startTime":1353.402,"endTime":1355.862,"body":"that actually matters, right?"},{"speaker":"Patrick Grimes","startTime":1356.312,"endTime":1359.342,"body":"And I, when I got back on with"},{"speaker":"Patrick Grimes","startTime":1356.312,"endTime":1359.342,"body":"'em, I had done everything, even"},{"speaker":"Patrick Grimes","startTime":1359.347,"endTime":1362.612,"body":"re-listened to the Zoom to make sure"},{"speaker":"Patrick Grimes","startTime":1359.347,"endTime":1362.612,"body":"I got every last little detail and I"},{"speaker":"Patrick Grimes","startTime":1362.612,"endTime":1366.362,"body":"worked my ass off right over and even"},{"speaker":"Patrick Grimes","startTime":1362.612,"endTime":1366.362,"body":"over holidays to make this happen."},{"speaker":"Patrick Grimes","startTime":1366.812,"endTime":1370.402,"body":"And then by the other side of"},{"speaker":"Patrick Grimes","startTime":1366.812,"endTime":1370.402,"body":"that, they were like great job."},{"speaker":"Patrick Grimes","startTime":1370.402,"endTime":1372.232,"body":"Hey by the way, did we"},{"speaker":"Patrick Grimes","startTime":1370.402,"endTime":1372.232,"body":"actually have this other one?"},{"speaker":"Patrick Grimes","startTime":1372.622,"endTime":1374.392,"body":"You wanna do some of"},{"speaker":"Patrick Grimes","startTime":1372.622,"endTime":1374.392,"body":"that stuff on this one?"},{"speaker":"Patrick Grimes","startTime":1374.392,"endTime":1375.592,"body":"And then they had the third one."},{"speaker":"Patrick Grimes","startTime":1376.102,"endTime":1377.362,"body":"I was in parallel with the second one."},{"speaker":"Patrick Grimes","startTime":1377.362,"endTime":1381.232,"body":"I was like in secret, flying out"},{"speaker":"Patrick Grimes","startTime":1377.362,"endTime":1381.232,"body":"from Hawaii, landing in Dallas,"},{"speaker":"Patrick Grimes","startTime":1381.232,"endTime":1384.052,"body":"walking apartments and we're"},{"speaker":"Patrick Grimes","startTime":1381.232,"endTime":1384.052,"body":"still closing on the second one."},{"speaker":"Patrick Grimes","startTime":1384.352,"endTime":1386.813,"body":"And I couldn't tell any investors about"},{"speaker":"Patrick Grimes","startTime":1384.352,"endTime":1386.813,"body":"it cause I didn't wanna distract them."},{"speaker":"Patrick Grimes","startTime":1387.312,"endTime":1389.692,"body":"And then we finally, shoot,"},{"speaker":"Patrick Grimes","startTime":1387.312,"endTime":1389.692,"body":"this is another good deal."},{"speaker":"Patrick Grimes","startTime":1389.692,"endTime":1393.262,"body":"So let's, so it was a deal after you"},{"speaker":"Patrick Grimes","startTime":1389.692,"endTime":1393.262,"body":"showed up, looked like, and I actually"},{"speaker":"Patrick Grimes","startTime":1393.262,"endTime":1397.492,"body":"didn't even know what percentage I"},{"speaker":"Patrick Grimes","startTime":1393.262,"endTime":1397.492,"body":"was gonna be in the partnership pool."},{"speaker":"Patrick Grimes","startTime":1398.422,"endTime":1403.312,"body":"I was just really excited to be finally"},{"speaker":"Patrick Grimes","startTime":1398.422,"endTime":1403.312,"body":"playing on the right field with the"},{"speaker":"Patrick Grimes","startTime":1403.312,"endTime":1405.532,"body":"right players and it was awesome."},{"speaker":"Patrick Grimes","startTime":1405.537,"endTime":1407.987,"body":"And now it's a partnership"},{"speaker":"Patrick Grimes","startTime":1405.537,"endTime":1407.987,"body":"that's never died down."},{"speaker":"Patrick Grimes","startTime":1407.987,"endTime":1408.977,"body":"We're still doing deals together."},{"speaker":"Patrick Grimes","startTime":1409.277,"endTime":1411.657,"body":"Of course, I have, half dozen"},{"speaker":"Patrick Grimes","startTime":1409.277,"endTime":1411.657,"body":"other partners in other markets"},{"speaker":"Patrick Grimes","startTime":1411.662,"endTime":1415.682,"body":"and other things but that's how I"},{"speaker":"Patrick Grimes","startTime":1411.662,"endTime":1415.682,"body":"got into, a larger multi-family."},{"speaker":"Average Joe FInances","startTime":1416.132,"endTime":1417.242,"body":"So"},{"speaker":"Average Joe FInances","startTime":1416.132,"endTime":1417.242,"body":"Patrick, that's awesome."},{"speaker":"Average Joe FInances","startTime":1417.242,"endTime":1421.982,"body":"Before we get to the energy side of it"},{"speaker":"Average Joe FInances","startTime":1417.242,"endTime":1421.982,"body":"I want to jump in because this is like"},{"speaker":"Average Joe FInances","startTime":1421.982,"endTime":1423.752,"body":"exactly what I'm doing right now, right?"},{"speaker":"Average Joe FInances","startTime":1423.752,"endTime":1428.522,"body":"So I've been at LP on a couple deals"},{"speaker":"Average Joe FInances","startTime":1423.752,"endTime":1428.522,"body":"and I'm just now getting into the"},{"speaker":"Average Joe FInances","startTime":1428.522,"endTime":1433.522,"body":"operations side to be a GP and I'm"},{"speaker":"Average Joe FInances","startTime":1428.522,"endTime":1433.522,"body":"literally doing those things right now."},{"speaker":"Average Joe FInances","startTime":1433.622,"endTime":1437.852,"body":"That makes me feel a lot better about"},{"speaker":"Average Joe FInances","startTime":1433.622,"endTime":1437.852,"body":"what I'm doing in my journey here."},{"speaker":"Average Joe FInances","startTime":1438.102,"endTime":1441.872,"body":"Had a call ear earlier this week"},{"speaker":"Average Joe FInances","startTime":1438.102,"endTime":1441.872,"body":"with some partners and we're actually"},{"speaker":"Average Joe FInances","startTime":1441.962,"endTime":1446.527,"body":"feeding some deals now and I might"},{"speaker":"Average Joe FInances","startTime":1441.962,"endTime":1446.527,"body":"be looking at raising capital soon."},{"speaker":"Average Joe FInances","startTime":1446.527,"endTime":1446.827,"body":"I don't know."},{"speaker":"Average Joe FInances","startTime":1446.827,"endTime":1447.277,"body":"We'll see."},{"speaker":"Average Joe FInances","startTime":1447.587,"endTime":1448.677,"body":"Pretty excited about that."},{"speaker":"Average Joe FInances","startTime":1449.207,"endTime":1452.242,"body":"And that's, I, that's, so that was"},{"speaker":"Average Joe FInances","startTime":1449.207,"endTime":1452.242,"body":"like a selfish question for me, right?"},{"speaker":"Average Joe FInances","startTime":1452.242,"endTime":1454.522,"body":"Because I want to make"},{"speaker":"Average Joe FInances","startTime":1452.242,"endTime":1454.522,"body":"sure I'm doing this right."},{"speaker":"Patrick Grimes","startTime":1454.552,"endTime":1456.022,"body":"Everybody"},{"speaker":"Patrick Grimes","startTime":1454.552,"endTime":1456.022,"body":"has the same question."},{"speaker":"Patrick Grimes","startTime":1456.112,"endTime":1456.832,"body":"I'm totally good."},{"speaker":"Patrick Grimes","startTime":1456.982,"endTime":1457.042,"body":"Yeah."},{"speaker":"Patrick Grimes","startTime":1457.042,"endTime":1459.472,"body":"And, but it, but I give"},{"speaker":"Patrick Grimes","startTime":1457.042,"endTime":1459.472,"body":"you the, it's the hard way."},{"speaker":"Patrick Grimes","startTime":1460.222,"endTime":1465.017,"body":"The answer is you do it in the trenches"},{"speaker":"Patrick Grimes","startTime":1460.222,"endTime":1465.017,"body":"and it's not, it's about being a"},{"speaker":"Patrick Grimes","startTime":1465.017,"endTime":1469.397,"body":"servant first and it's about showing"},{"speaker":"Patrick Grimes","startTime":1465.017,"endTime":1469.397,"body":"up with value and making sure you're"},{"speaker":"Patrick Grimes","startTime":1469.402,"endTime":1470.447,"body":"in alignment with your partners."},{"speaker":"Patrick Grimes","startTime":1470.447,"endTime":1475.107,"body":"Cuz I walked away from a lot of deals,"},{"speaker":"Patrick Grimes","startTime":1470.447,"endTime":1475.107,"body":"a lot of times because it wasn't exactly"},{"speaker":"Patrick Grimes","startTime":1475.327,"endTime":1476.787,"body":"in alignment with my future bills."},{"speaker":"Patrick Grimes","startTime":1477.057,"endTime":1478.767,"body":"You're marrying these people"},{"speaker":"Patrick Grimes","startTime":1477.057,"endTime":1478.767,"body":"cause you need to do a deal"},{"speaker":"Patrick Grimes","startTime":1478.767,"endTime":1479.307,"body":"after, have to deal with them."},{"speaker":"Patrick Grimes","startTime":1480.297,"endTime":1485.097,"body":"So I hope I just, my answer was just"},{"speaker":"Patrick Grimes","startTime":1480.297,"endTime":1485.097,"body":"work hard basically, is what I said."},{"speaker":"Patrick Grimes","startTime":1485.532,"endTime":1485.742,"body":"So."},{"speaker":"Average Joe FInances","startTime":1485.742,"endTime":1487.422,"body":"Awesome . No,"},{"speaker":"Average Joe FInances","startTime":1485.742,"endTime":1487.422,"body":"and that's what you gotta do."},{"speaker":"Average Joe FInances","startTime":1487.422,"endTime":1490.242,"body":"And like you said, too, it's"},{"speaker":"Average Joe FInances","startTime":1487.422,"endTime":1490.242,"body":"the education piece of it too."},{"speaker":"Average Joe FInances","startTime":1490.242,"endTime":1493.352,"body":"By throwing yourself into the fire,"},{"speaker":"Average Joe FInances","startTime":1490.242,"endTime":1493.352,"body":"you know that you're gonna learn"},{"speaker":"Average Joe FInances","startTime":1493.442,"endTime":1497.172,"body":"a lot faster than, doing like a"},{"speaker":"Average Joe FInances","startTime":1493.442,"endTime":1497.172,"body":"webinar or something like that."},{"speaker":"Average Joe FInances","startTime":1497.177,"endTime":1501.797,"body":"Just if you get in there and get your"},{"speaker":"Average Joe FInances","startTime":1497.177,"endTime":1501.797,"body":"hands and feet dirty, it's, that's"},{"speaker":"Average Joe FInances","startTime":1501.797,"endTime":1503.647,"body":"gonna be the best education you can get."},{"speaker":"Average Joe FInances","startTime":1504.007,"endTime":1504.397,"body":"All right."},{"speaker":"Average Joe FInances","startTime":1504.397,"endTime":1506.227,"body":"So Patrick, so now on the energy side."},{"speaker":"Average Joe FInances","startTime":1506.802,"endTime":1509.992,"body":"How do you find those particular, areas?"},{"speaker":"Average Joe FInances","startTime":1510.502,"endTime":1513.312,"body":"Because I feel like it's gonna be"},{"speaker":"Average Joe FInances","startTime":1510.502,"endTime":1513.312,"body":"the same but a little bit different."},{"speaker":"Average Joe FInances","startTime":1513.312,"endTime":1514.212,"body":"So how does that look?"},{"speaker":"Patrick Grimes","startTime":1515.572,"endTime":1518.272,"body":"So when I got to a"},{"speaker":"Patrick Grimes","startTime":1515.572,"endTime":1518.272,"body":"500 million portfolio multi-family, I"},{"speaker":"Patrick Grimes","startTime":1518.272,"endTime":1521.742,"body":"was looking around and I saw us coming"},{"speaker":"Patrick Grimes","startTime":1518.272,"endTime":1521.742,"body":"into this recession and I was like, my"},{"speaker":"Patrick Grimes","startTime":1521.742,"endTime":1523.422,"body":"investors are not diversified like me."},{"speaker":"Patrick Grimes","startTime":1523.922,"endTime":1528.332,"body":"My family actually, we're"},{"speaker":"Patrick Grimes","startTime":1523.922,"endTime":1528.332,"body":"diversified in the energy and I,"},{"speaker":"Patrick Grimes","startTime":1528.452,"endTime":1532.902,"body":"with my buddies, We're all in these"},{"speaker":"Patrick Grimes","startTime":1528.452,"endTime":1532.902,"body":"alternative assets deals aside."},{"speaker":"Patrick Grimes","startTime":1532.952,"endTime":1535.832,"body":"And so I, I was like, read my"},{"speaker":"Patrick Grimes","startTime":1532.952,"endTime":1535.832,"body":"passive investor guide, but they"},{"speaker":"Patrick Grimes","startTime":1535.832,"endTime":1538.837,"body":"just kept what, more and more real"},{"speaker":"Patrick Grimes","startTime":1535.832,"endTime":1538.837,"body":"estate, more and more multi-family."},{"speaker":"Patrick Grimes","startTime":1539.887,"endTime":1542.107,"body":"So I decided to take some of"},{"speaker":"Patrick Grimes","startTime":1539.887,"endTime":1542.107,"body":"these deals that I'm investing"},{"speaker":"Patrick Grimes","startTime":1542.107,"endTime":1545.017,"body":"in, vet them to a different level."},{"speaker":"Patrick Grimes","startTime":1545.407,"endTime":1546.937,"body":"Even got my syndication attorney."},{"speaker":"Patrick Grimes","startTime":1546.937,"endTime":1549.607,"body":"There was already, it turns out, the"},{"speaker":"Patrick Grimes","startTime":1546.937,"endTime":1549.607,"body":"ones that I was list looking at, he was"},{"speaker":"Patrick Grimes","startTime":1549.607,"endTime":1551.287,"body":"already invested long before me even."},{"speaker":"Patrick Grimes","startTime":1551.917,"endTime":1554.257,"body":"And it's been a billion"},{"speaker":"Patrick Grimes","startTime":1551.917,"endTime":1554.257,"body":"dollars in transactions."},{"speaker":"Patrick Grimes","startTime":1554.257,"endTime":1555.247,"body":"These guys are solid."},{"speaker":"Patrick Grimes","startTime":1555.297,"endTime":1557.907,"body":"These alternative assets outside"},{"speaker":"Patrick Grimes","startTime":1555.297,"endTime":1557.907,"body":"of real estate are very well"},{"speaker":"Patrick Grimes","startTime":1557.907,"endTime":1559.737,"body":"known to a small group of people."},{"speaker":"Patrick Grimes","startTime":1559.787,"endTime":1560.567,"body":"That's the thing."},{"speaker":"Patrick Grimes","startTime":1560.627,"endTime":1564.217,"body":"We all, we trade 'em like baseball"},{"speaker":"Patrick Grimes","startTime":1560.627,"endTime":1564.217,"body":"cards, but we don't wanna talk about"},{"speaker":"Patrick Grimes","startTime":1564.217,"endTime":1566.587,"body":"'em because there's, they're a,"},{"speaker":"Patrick Grimes","startTime":1564.217,"endTime":1566.587,"body":"they're much harder do due diligence"},{"speaker":"Patrick Grimes","startTime":1566.587,"endTime":1568.697,"body":"on there's a different level of risk."},{"speaker":"Patrick Grimes","startTime":1568.702,"endTime":1571.937,"body":"They're structured completely"},{"speaker":"Patrick Grimes","startTime":1568.702,"endTime":1571.937,"body":"differently and so it's hard to explain."},{"speaker":"Patrick Grimes","startTime":1572.327,"endTime":1575.177,"body":"People get really comfortable"},{"speaker":"Patrick Grimes","startTime":1572.327,"endTime":1575.177,"body":"and use real estate, but."},{"speaker":"Patrick Grimes","startTime":1575.852,"endTime":1578.582,"body":"In order to be in a non-correlated"},{"speaker":"Patrick Grimes","startTime":1575.852,"endTime":1578.582,"body":"asset, one that doesn't rise and"},{"speaker":"Patrick Grimes","startTime":1578.582,"endTime":1580.832,"body":"fall with real estate, you have to"},{"speaker":"Patrick Grimes","startTime":1578.582,"endTime":1580.832,"body":"be in something completely different."},{"speaker":"Patrick Grimes","startTime":1580.832,"endTime":1583.322,"body":"Fundamentals that is it takes a big leap."},{"speaker":"Patrick Grimes","startTime":1583.322,"endTime":1586.262,"body":"So we had to be really"},{"speaker":"Patrick Grimes","startTime":1583.322,"endTime":1586.262,"body":"careful which one we go to."},{"speaker":"Patrick Grimes","startTime":1587.342,"endTime":1591.062,"body":"And so we did a lot of due"},{"speaker":"Patrick Grimes","startTime":1587.342,"endTime":1591.062,"body":"diligence, sifted through my, I"},{"speaker":"Patrick Grimes","startTime":1591.062,"endTime":1591.932,"body":"actually brought it apart here."},{"speaker":"Patrick Grimes","startTime":1591.932,"endTime":1597.602,"body":"Josh Musgrove actually invested in 40"},{"speaker":"Patrick Grimes","startTime":1591.932,"endTime":1597.602,"body":"different alternative assets and he helped"},{"speaker":"Patrick Grimes","startTime":1597.652,"endTime":1603.457,"body":"we passed these deals and finally we"},{"speaker":"Patrick Grimes","startTime":1597.652,"endTime":1603.457,"body":"found this one where operator, vertical"},{"speaker":"Patrick Grimes","startTime":1603.457,"endTime":1606.377,"body":"for over 25 years fourth generation."},{"speaker":"Patrick Grimes","startTime":1606.887,"endTime":1611.757,"body":"And he had a structure that is"},{"speaker":"Patrick Grimes","startTime":1606.887,"endTime":1611.757,"body":"diversified and we said, Hey look,"},{"speaker":"Patrick Grimes","startTime":1612.627,"endTime":1618.177,"body":"if we massage this and shape this and"},{"speaker":"Patrick Grimes","startTime":1612.627,"endTime":1618.177,"body":"package this in a way where it looks"},{"speaker":"Patrick Grimes","startTime":1618.177,"endTime":1623.187,"body":"and feels like a multi-family deal"},{"speaker":"Patrick Grimes","startTime":1618.177,"endTime":1623.187,"body":"because it you model what's like this"},{"speaker":"Patrick Grimes","startTime":1623.187,"endTime":1625.077,"body":"old, what I call the old boring way."},{"speaker":"Patrick Grimes","startTime":1625.852,"endTime":1630.057,"body":"But you put it in as a new fund model"},{"speaker":"Patrick Grimes","startTime":1625.852,"endTime":1630.057,"body":"where it's diversified and it's scale"},{"speaker":"Patrick Grimes","startTime":1630.112,"endTime":1633.832,"body":"and you have monthly passive income,"},{"speaker":"Patrick Grimes","startTime":1630.112,"endTime":1633.832,"body":"a return of capital, and an exit."},{"speaker":"Patrick Grimes","startTime":1634.522,"endTime":1638.932,"body":"And we syndicated, I think this"},{"speaker":"Patrick Grimes","startTime":1634.522,"endTime":1638.932,"body":"is going to resonate really well."},{"speaker":"Patrick Grimes","startTime":1639.322,"endTime":1642.158,"body":"And we approached them and they"},{"speaker":"Patrick Grimes","startTime":1639.322,"endTime":1642.158,"body":"had this, it was a perfect match."},{"speaker":"Patrick Grimes","startTime":1642.457,"endTime":1643.237,"body":"It was a perfect fit."},{"speaker":"Patrick Grimes","startTime":1643.297,"endTime":1647.642,"body":"And I joined the board and I'm a"},{"speaker":"Patrick Grimes","startTime":1643.297,"endTime":1647.642,"body":"player now with the company and we"},{"speaker":"Patrick Grimes","startTime":1647.642,"endTime":1651.097,"body":"have offered these That was a little"},{"speaker":"Patrick Grimes","startTime":1647.642,"endTime":1651.097,"body":"different situation than the typical"},{"speaker":"Patrick Grimes","startTime":1651.577,"endTime":1655.627,"body":"real estate deal where I needed to"},{"speaker":"Patrick Grimes","startTime":1651.577,"endTime":1655.627,"body":"find somebody who was really badass"},{"speaker":"Patrick Grimes","startTime":1655.627,"endTime":1658.237,"body":"at doing something else, right?"},{"speaker":"Patrick Grimes","startTime":1658.357,"endTime":1661.507,"body":"Because I'm really badass at"},{"speaker":"Patrick Grimes","startTime":1658.357,"endTime":1661.507,"body":"doing my thing, but that means I'm"},{"speaker":"Patrick Grimes","startTime":1661.507,"endTime":1663.187,"body":"wholly indexed in this one thing."},{"speaker":"Patrick Grimes","startTime":1663.967,"endTime":1667.027,"body":"But now I have to trust and learn"},{"speaker":"Patrick Grimes","startTime":1663.967,"endTime":1667.027,"body":"and do and, but we know how to, so"},{"speaker":"Patrick Grimes","startTime":1667.027,"endTime":1670.267,"body":"we did so much due diligence that"},{"speaker":"Patrick Grimes","startTime":1667.027,"endTime":1670.267,"body":"we actually have the knowledge, the"},{"speaker":"Patrick Grimes","startTime":1670.267,"endTime":1672.067,"body":"network, and the resources to do."},{"speaker":"Patrick Grimes","startTime":1673.087,"endTime":1675.392,"body":"And the time and our"},{"speaker":"Patrick Grimes","startTime":1673.087,"endTime":1675.392,"body":"bas and measures don't."},{"speaker":"Patrick Grimes","startTime":1675.452,"endTime":1678.162,"body":"And so we went to bat"},{"speaker":"Patrick Grimes","startTime":1675.452,"endTime":1678.162,"body":"and we did all of that."},{"speaker":"Patrick Grimes","startTime":1678.582,"endTime":1681.432,"body":"We got this structured,"},{"speaker":"Patrick Grimes","startTime":1678.582,"endTime":1681.432,"body":"we worked a lot long time."},{"speaker":"Patrick Grimes","startTime":1681.437,"endTime":1683.712,"body":"So it just took us months to"},{"speaker":"Patrick Grimes","startTime":1681.437,"endTime":1683.712,"body":"get through this whole process."},{"speaker":"Patrick Grimes","startTime":1684.262,"endTime":1687.472,"body":"And then finally we offered it,"},{"speaker":"Patrick Grimes","startTime":1684.262,"endTime":1687.472,"body":"and it was very well received."},{"speaker":"Patrick Grimes","startTime":1687.472,"endTime":1688.792,"body":"People really needed that."},{"speaker":"Patrick Grimes","startTime":1688.797,"endTime":1692.272,"body":"Especially today when real estate"},{"speaker":"Patrick Grimes","startTime":1688.797,"endTime":1692.272,"body":"values are waning, cash flow's"},{"speaker":"Patrick Grimes","startTime":1692.272,"endTime":1695.932,"body":"going down, interest rates are going"},{"speaker":"Patrick Grimes","startTime":1692.272,"endTime":1695.932,"body":"up, and it's we see very clearly."},{"speaker":"Patrick Grimes","startTime":1696.572,"endTime":1700.472,"body":"The need for a desire for people to"},{"speaker":"Patrick Grimes","startTime":1696.572,"endTime":1700.472,"body":"hang their hats somewhere where they're"},{"speaker":"Patrick Grimes","startTime":1700.472,"endTime":1702.362,"body":"cash flowing independent of real estate."},{"speaker":"Patrick Grimes","startTime":1702.362,"endTime":1705.692,"body":"They're appreciating independent"},{"speaker":"Patrick Grimes","startTime":1702.362,"endTime":1705.692,"body":"real estate and I income earners"},{"speaker":"Patrick Grimes","startTime":1705.962,"endTime":1706.982,"body":"that don't wanna pay taxes."},{"speaker":"Patrick Grimes","startTime":1707.462,"endTime":1709.622,"body":"Even the wealthy invest and not pay taxes."},{"speaker":"Patrick Grimes","startTime":1709.622,"endTime":1711.152,"body":"You can do that in energy."},{"speaker":"Patrick Grimes","startTime":1711.752,"endTime":1714.702,"body":"So it was a really good and we're"},{"speaker":"Patrick Grimes","startTime":1711.752,"endTime":1714.702,"body":"looking at couple other opportunities"},{"speaker":"Patrick Grimes","startTime":1714.762,"endTime":1717.632,"body":"in the ha future on a similar path."},{"speaker":"Average Joe FInances","startTime":1718.862,"endTime":1719.312,"body":"Awesome."},{"speaker":"Average Joe FInances","startTime":1719.432,"endTime":1722.127,"body":"Yeah, that's fantastic And I"},{"speaker":"Average Joe FInances","startTime":1719.432,"endTime":1722.127,"body":"appreciate you sharing that with us."},{"speaker":"Average Joe FInances","startTime":1722.557,"endTime":1723.157,"body":"Cause it."},{"speaker":"Average Joe FInances","startTime":1724.082,"endTime":1726.817,"body":"It is important to diversify"},{"speaker":"Average Joe FInances","startTime":1724.082,"endTime":1726.817,"body":"no matter what you're into."},{"speaker":"Average Joe FInances","startTime":1726.817,"endTime":1728.827,"body":"And a lot of times people look"},{"speaker":"Average Joe FInances","startTime":1726.817,"endTime":1728.827,"body":"at real estate and say, oh,"},{"speaker":"Average Joe FInances","startTime":1728.827,"endTime":1730.027,"body":"I diversify in real estate."},{"speaker":"Average Joe FInances","startTime":1730.027,"endTime":1731.257,"body":"I have a couple single family."},{"speaker":"Average Joe FInances","startTime":1731.257,"endTime":1732.367,"body":"I have some multi-family."},{"speaker":"Average Joe FInances","startTime":1732.697,"endTime":1738.587,"body":"I have, I bought a trailer park"},{"speaker":"Average Joe FInances","startTime":1732.697,"endTime":1738.587,"body":"or an RV park, or I got some land,"},{"speaker":"Average Joe FInances","startTime":1738.642,"endTime":1741.192,"body":"and that, but the thing is that's,"},{"speaker":"Average Joe FInances","startTime":1738.642,"endTime":1741.192,"body":"it's all real estate, right?"},{"speaker":"Average Joe FInances","startTime":1741.192,"endTime":1744.582,"body":"So it's all tied to very similar."},{"speaker":"Average Joe FInances","startTime":1745.317,"endTime":1746.757,"body":"To a very similar market, right?"},{"speaker":"Average Joe FInances","startTime":1746.857,"endTime":1750.803,"body":"So if real estate's going up, the mobile"},{"speaker":"Average Joe FInances","startTime":1746.857,"endTime":1750.803,"body":"home parks are probably also going up,"},{"speaker":"Average Joe FInances","startTime":1751.013,"endTime":1752.933,"body":"the RV parks are probably also going up."},{"speaker":"Average Joe FInances","startTime":1752.933,"endTime":1756.813,"body":"Land value is usually going up, and"},{"speaker":"Average Joe FInances","startTime":1752.933,"endTime":1756.813,"body":"when all that stuff's going down, the"},{"speaker":"Average Joe FInances","startTime":1756.813,"endTime":1758.613,"body":"same goes for all those as well, right?"},{"speaker":"Average Joe FInances","startTime":1758.618,"endTime":1760.743,"body":"Maybe not necessarily at the same rate."},{"speaker":"Average Joe FInances","startTime":1761.148,"endTime":1763.443,"body":"But it, they're all tied into"},{"speaker":"Average Joe FInances","startTime":1761.148,"endTime":1763.443,"body":"each other, like you said too."},{"speaker":"Average Joe FInances","startTime":1763.473,"endTime":1765.838,"body":"And a lot of the other things too,"},{"speaker":"Average Joe FInances","startTime":1763.473,"endTime":1765.838,"body":"if you're investing in businesses"},{"speaker":"Average Joe FInances","startTime":1765.838,"endTime":1769.738,"body":"that are tied to the real estate"},{"speaker":"Average Joe FInances","startTime":1765.838,"endTime":1769.738,"body":"industry, you're gonna see those kind"},{"speaker":"Average Joe FInances","startTime":1769.743,"endTime":1771.598,"body":"of fluctuating with real estate too."},{"speaker":"Average Joe FInances","startTime":1771.928,"endTime":1775.833,"body":"So I think it's, actually, it's very"},{"speaker":"Average Joe FInances","startTime":1771.928,"endTime":1775.833,"body":"smart what you did to get something"},{"speaker":"Average Joe FInances","startTime":1775.838,"endTime":1780.803,"body":"completely outside of real estate that, it"},{"speaker":"Average Joe FInances","startTime":1775.838,"endTime":1780.803,"body":"doesn't correlate with it, like you said."},{"speaker":"Average Joe FInances","startTime":1781.143,"endTime":1782.343,"body":"And that's fantastic."},{"speaker":"Average Joe FInances","startTime":1782.343,"endTime":1786.983,"body":"There, there's Not a lot of opportunities"},{"speaker":"Average Joe FInances","startTime":1782.343,"endTime":1786.983,"body":"out there for real estate investors to"},{"speaker":"Average Joe FInances","startTime":1786.983,"endTime":1791.513,"body":"jump into something like that, beside a"},{"speaker":"Average Joe FInances","startTime":1786.983,"endTime":1791.513,"body":"real estate deal that they're looking at."},{"speaker":"Average Joe FInances","startTime":1791.513,"endTime":1793.793,"body":"With invest on Main Street,"},{"speaker":"Average Joe FInances","startTime":1791.513,"endTime":1793.793,"body":"that's something they can look at."},{"speaker":"Average Joe FInances","startTime":1793.798,"endTime":1794.843,"body":"They can look at two different."},{"speaker":"Average Joe FInances","startTime":1795.518,"endTime":1798.323,"body":"Things that they get into"},{"speaker":"Average Joe FInances","startTime":1795.518,"endTime":1798.323,"body":"with the same company, right?"},{"speaker":"Average Joe FInances","startTime":1798.378,"endTime":1799.728,"body":"So I think that's that's pretty awesome."},{"speaker":"Average Joe FInances","startTime":1799.728,"endTime":1802.968,"body":"So especially for your investors"},{"speaker":"Average Joe FInances","startTime":1799.728,"endTime":1802.968,"body":"that no can trust you, right?"},{"speaker":"Average Joe FInances","startTime":1803.208,"endTime":1807.018,"body":"So they're already in a good spot"},{"speaker":"Average Joe FInances","startTime":1803.208,"endTime":1807.018,"body":"because they've done deals with you"},{"speaker":"Average Joe FInances","startTime":1807.228,"endTime":1809.898,"body":"on real estate in the past, and now"},{"speaker":"Average Joe FInances","startTime":1807.228,"endTime":1809.898,"body":"you bring this other opportunity"},{"speaker":"Average Joe FInances","startTime":1809.898,"endTime":1811.428,"body":"to them and it's like an easy yes."},{"speaker":"Average Joe FInances","startTime":1811.483,"endTime":1813.173,"body":"Yeah, I think that's awesome, Patrick."},{"speaker":"Average Joe FInances","startTime":1814.013,"endTime":1814.403,"body":"Okay."},{"speaker":"Average Joe FInances","startTime":1814.913,"endTime":1818.333,"body":"I would like to transition this into"},{"speaker":"Average Joe FInances","startTime":1814.913,"endTime":1818.333,"body":"something I call the final round."},{"speaker":"Average Joe FInances","startTime":1818.333,"endTime":1818.363,"body":"Okay."},{"speaker":"Average Joe FInances","startTime":1818.783,"endTime":1821.963,"body":"It's where I'm gonna ask you the same four"},{"speaker":"Average Joe FInances","startTime":1818.783,"endTime":1821.963,"body":"questions I ask everybody that comes on"},{"speaker":"Average Joe FInances","startTime":1821.963,"endTime":1828.233,"body":"the show and helps us get into Patrick's"},{"speaker":"Average Joe FInances","startTime":1821.963,"endTime":1828.233,"body":"head of how he is under pressure, which"},{"speaker":"Average Joe FInances","startTime":1828.233,"endTime":1830.333,"body":"I'm pretty sure you're gonna crush this."},{"speaker":"Average Joe FInances","startTime":1830.633,"endTime":1832.023,"body":"If you're ready to go, we'll"},{"speaker":"Average Joe FInances","startTime":1830.633,"endTime":1832.023,"body":"get that party started."},{"speaker":"Patrick Grimes","startTime":1832.373,"endTime":1832.883,"body":"All right."},{"speaker":"Patrick Grimes","startTime":1832.883,"endTime":1833.583,"body":"Bag it to me."},{"speaker":"Average Joe FInances","startTime":1834.133,"endTime":1834.423,"body":"Okay."},{"speaker":"Average Joe FInances","startTime":1834.503,"endTime":1834.923,"body":"Here we go."},{"speaker":"Average Joe FInances","startTime":1835.253,"endTime":1839.603,"body":"So Patrick, the first question of the"},{"speaker":"Average Joe FInances","startTime":1835.253,"endTime":1839.603,"body":"final round is, what's the biggest"},{"speaker":"Average Joe FInances","startTime":1839.603,"endTime":1842.243,"body":"mistake you've ever made in real estate?"},{"speaker":"Patrick Grimes","startTime":1843.378,"endTime":1845.568,"body":"When I was, I think"},{"speaker":"Patrick Grimes","startTime":1843.378,"endTime":1845.568,"body":"I alluded to it earlier, but when"},{"speaker":"Patrick Grimes","startTime":1845.568,"endTime":1847.848,"body":"I was real young, I was engineer."},{"speaker":"Patrick Grimes","startTime":1847.848,"endTime":1851.003,"body":"I was like, man, I'm gonna just,"},{"speaker":"Patrick Grimes","startTime":1847.848,"endTime":1851.003,"body":"highest returning deal I can find."},{"speaker":"Patrick Grimes","startTime":1851.003,"endTime":1856.013,"body":"And I did my due diligence, this guy, but"},{"speaker":"Patrick Grimes","startTime":1851.003,"endTime":1856.013,"body":"I did not look at capital preservation."},{"speaker":"Patrick Grimes","startTime":1856.523,"endTime":1860.963,"body":"And I didn't fully get the"},{"speaker":"Patrick Grimes","startTime":1856.523,"endTime":1860.963,"body":"downside to fully recourse loan."},{"speaker":"Patrick Grimes","startTime":1861.453,"endTime":1864.723,"body":"And so when I invested heavy to double"},{"speaker":"Patrick Grimes","startTime":1861.453,"endTime":1864.723,"body":"and triple my money every couple"},{"speaker":"Patrick Grimes","startTime":1864.723,"endTime":1867.303,"body":"years I doubled and tripled my losses."},{"speaker":"Patrick Grimes","startTime":1868.083,"endTime":1873.183,"body":"And losing is much harder to"},{"speaker":"Patrick Grimes","startTime":1868.083,"endTime":1873.183,"body":"recover from and than even just"},{"speaker":"Patrick Grimes","startTime":1873.573,"endTime":1875.643,"body":"breaking even or losing your base."},{"speaker":"Patrick Grimes","startTime":1875.643,"endTime":1878.768,"body":"But when it hits you that hard,"},{"speaker":"Patrick Grimes","startTime":1875.643,"endTime":1878.768,"body":"it's hard to crawl outta that."},{"speaker":"Patrick Grimes","startTime":1879.298,"endTime":1882.628,"body":"Certainly recommend being the"},{"speaker":"Patrick Grimes","startTime":1879.298,"endTime":1882.628,"body":"tortoise, not the hair, and being"},{"speaker":"Patrick Grimes","startTime":1882.633,"endTime":1885.718,"body":"more calculated and long-term"},{"speaker":"Patrick Grimes","startTime":1882.633,"endTime":1885.718,"body":"focused, even if you're early on."},{"speaker":"Average Joe FInances","startTime":1886.588,"endTime":1888.058,"body":"Yeah,"},{"speaker":"Average Joe FInances","startTime":1886.588,"endTime":1888.058,"body":"no, absolutely love that."},{"speaker":"Average Joe FInances","startTime":1888.108,"endTime":1890.568,"body":"Be slow and methodical and it will come."},{"speaker":"Average Joe FInances","startTime":1890.678,"endTime":1892.298,"body":"That's the beautiful"},{"speaker":"Average Joe FInances","startTime":1890.678,"endTime":1892.298,"body":"thing about real estate."},{"speaker":"Average Joe FInances","startTime":1892.348,"endTime":1895.798,"body":"If you're doing it right,"},{"speaker":"Average Joe FInances","startTime":1892.348,"endTime":1895.798,"body":"it's a get rich, slow system."},{"speaker":"Average Joe FInances","startTime":1895.833,"endTime":1897.213,"body":"Not a get rich quick system."},{"speaker":"Average Joe FInances","startTime":1897.263,"endTime":1897.713,"body":"Okay."},{"speaker":"Average Joe FInances","startTime":1898.133,"endTime":1902.063,"body":"Next question, Patrick, is what is"},{"speaker":"Average Joe FInances","startTime":1898.133,"endTime":1902.063,"body":"something that you've learned that you"},{"speaker":"Average Joe FInances","startTime":1902.063,"endTime":1904.343,"body":"wish you knew when you first got started?"},{"speaker":"Patrick Grimes","startTime":1905.523,"endTime":1906.183,"body":"Partner up."},{"speaker":"Patrick Grimes","startTime":1906.478,"endTime":1911.708,"body":"I, or especially after having lost"},{"speaker":"Patrick Grimes","startTime":1906.478,"endTime":1911.708,"body":"big in 2008, I was really scared"},{"speaker":"Patrick Grimes","startTime":1911.713,"endTime":1914.348,"body":"to ever work with anybody cause I"},{"speaker":"Patrick Grimes","startTime":1911.713,"endTime":1914.348,"body":"was like I should only risk my own"},{"speaker":"Patrick Grimes","startTime":1914.348,"endTime":1918.398,"body":"capital, my own investment dollars and"},{"speaker":"Patrick Grimes","startTime":1914.348,"endTime":1918.398,"body":"I need to control everything, right?"},{"speaker":"Patrick Grimes","startTime":1918.398,"endTime":1921.348,"body":"Because, lost this sense of"},{"speaker":"Patrick Grimes","startTime":1918.398,"endTime":1921.348,"body":"trust in my investment portfolio."},{"speaker":"Patrick Grimes","startTime":1921.353,"endTime":1925.338,"body":"The re reality is I was really gonna"},{"speaker":"Patrick Grimes","startTime":1921.353,"endTime":1925.338,"body":"make an income at my day job, but I"},{"speaker":"Patrick Grimes","startTime":1925.338,"endTime":1930.148,"body":"was struggling, moonlighting to try"},{"speaker":"Patrick Grimes","startTime":1925.338,"endTime":1930.148,"body":"and take over my investment portfolio."},{"speaker":"Patrick Grimes","startTime":1930.538,"endTime":1932.908,"body":"But I wasn't the qualifi, I"},{"speaker":"Patrick Grimes","startTime":1930.538,"endTime":1932.908,"body":"wasn't the guy qualified to do it."},{"speaker":"Patrick Grimes","startTime":1933.488,"endTime":1936.283,"body":"And I was trading all the time"},{"speaker":"Patrick Grimes","startTime":1933.488,"endTime":1936.283,"body":"away from my family, friends and"},{"speaker":"Patrick Grimes","startTime":1936.283,"endTime":1937.693,"body":"hobbies to make that possible."},{"speaker":"Patrick Grimes","startTime":1938.353,"endTime":1943.003,"body":"And so partnering up when I finally"},{"speaker":"Patrick Grimes","startTime":1938.353,"endTime":1943.003,"body":"learned to do that is when I finally"},{"speaker":"Patrick Grimes","startTime":1943.003,"endTime":1947.593,"body":"began to scale more successfully, do"},{"speaker":"Patrick Grimes","startTime":1943.003,"endTime":1947.593,"body":"what I love, and be able to give back"},{"speaker":"Patrick Grimes","startTime":1947.593,"endTime":1950.743,"body":"to my family, friends, and hobbies"},{"speaker":"Patrick Grimes","startTime":1947.593,"endTime":1950.743,"body":"instead of take it, take away from them."},{"speaker":"Patrick Grimes","startTime":1951.253,"endTime":1952.427,"body":"So that's my recommendation."},{"speaker":"Average Joe FInances","startTime":1953.437,"endTime":1953.917,"body":"Oh yeah."},{"speaker":"Average Joe FInances","startTime":1953.917,"endTime":1954.397,"body":"Absolutely."},{"speaker":"Average Joe FInances","startTime":1954.397,"endTime":1954.877,"body":"Love that."},{"speaker":"Average Joe FInances","startTime":1954.907,"endTime":1958.697,"body":"It, it's, Real estate's not a"},{"speaker":"Average Joe FInances","startTime":1954.907,"endTime":1958.697,"body":"game you should be in by yourself."},{"speaker":"Average Joe FInances","startTime":1958.827,"endTime":1961.747,"body":"You can definitely scale a lot"},{"speaker":"Average Joe FInances","startTime":1958.827,"endTime":1961.747,"body":"better if you have partners."},{"speaker":"Average Joe FInances","startTime":1962.117,"endTime":1964.037,"body":"And like we talked about"},{"speaker":"Average Joe FInances","startTime":1962.117,"endTime":1964.037,"body":"earlier, you were finding the"},{"speaker":"Average Joe FInances","startTime":1964.037,"endTime":1965.597,"body":"right people for the right jobs."},{"speaker":"Average Joe FInances","startTime":1966.037,"endTime":1969.697,"body":"And that's another thing that's gonna"},{"speaker":"Average Joe FInances","startTime":1966.037,"endTime":1969.697,"body":"help you scale immensely because"},{"speaker":"Average Joe FInances","startTime":1969.697,"endTime":1973.347,"body":"you have experts in those fields"},{"speaker":"Average Joe FInances","startTime":1969.697,"endTime":1973.347,"body":"where you can focus on what you need"},{"speaker":"Average Joe FInances","startTime":1973.657,"endTime":1976.627,"body":"to do and let them do their thing."},{"speaker":"Average Joe FInances","startTime":1976.837,"endTime":1978.817,"body":"It just makes it like"},{"speaker":"Average Joe FInances","startTime":1976.837,"endTime":1978.817,"body":"a well-oiled machine."},{"speaker":"Average Joe FInances","startTime":1978.822,"endTime":1980.052,"body":"There we go again with the energy."},{"speaker":"Average Joe FInances","startTime":1980.102,"endTime":1980.492,"body":"Okay."},{"speaker":"Average Joe FInances","startTime":1980.802,"endTime":1981.312,"body":"Patrick."},{"speaker":"Average Joe FInances","startTime":1982.062,"endTime":1985.992,"body":"Third question of the final round is,"},{"speaker":"Average Joe FInances","startTime":1982.062,"endTime":1985.992,"body":"do you have any tips or tricks that"},{"speaker":"Average Joe FInances","startTime":1985.992,"endTime":1989.142,"body":"you would recommend to someone that"},{"speaker":"Average Joe FInances","startTime":1985.992,"endTime":1989.142,"body":"is just getting started out today?"},{"speaker":"Patrick Grimes","startTime":1990.792,"endTime":1998.077,"body":"So think big"},{"speaker":"Patrick Grimes","startTime":1990.792,"endTime":1998.077,"body":"early doing the the single family"},{"speaker":"Patrick Grimes","startTime":1998.077,"endTime":2001.138,"body":"thing, trying to control it and"},{"speaker":"Patrick Grimes","startTime":1998.077,"endTime":2001.138,"body":"keep it small didn't serve me."},{"speaker":"Patrick Grimes","startTime":2002.157,"endTime":2006.957,"body":"I wish I had those years back and I had"},{"speaker":"Patrick Grimes","startTime":2002.157,"endTime":2006.957,"body":"partnered up and allowed myself to be,"},{"speaker":"Patrick Grimes","startTime":2006.957,"endTime":2010.557,"body":"yeah, I can become a private equity, I can"},{"speaker":"Patrick Grimes","startTime":2006.957,"endTime":2010.557,"body":"get involved in these larger commercial"},{"speaker":"Patrick Grimes","startTime":2010.557,"endTime":2018.832,"body":"assets and to talk and work with and"},{"speaker":"Patrick Grimes","startTime":2010.557,"endTime":2018.832,"body":"basically it just takes time there."},{"speaker":"Patrick Grimes","startTime":2019.102,"endTime":2021.982,"body":"You gotta imagine these larger"},{"speaker":"Patrick Grimes","startTime":2019.102,"endTime":2021.982,"body":"operators, these larger players that"},{"speaker":"Patrick Grimes","startTime":2022.402,"endTime":2024.112,"body":"are out there doing the grunt work."},{"speaker":"Patrick Grimes","startTime":2024.112,"endTime":2024.772,"body":"It's a lot of work."},{"speaker":"Patrick Grimes","startTime":2025.627,"endTime":2029.107,"body":"They have hundreds of people coming"},{"speaker":"Patrick Grimes","startTime":2025.627,"endTime":2029.107,"body":"and saying, Hey, let me play a"},{"speaker":"Patrick Grimes","startTime":2029.107,"endTime":2030.457,"body":"role, let me help, let me, whatever."},{"speaker":"Patrick Grimes","startTime":2030.997,"endTime":2033.007,"body":"But you gotta be consistent."},{"speaker":"Patrick Grimes","startTime":2033.012,"endTime":2038.467,"body":"You gotta keep showing up and I think that"},{"speaker":"Patrick Grimes","startTime":2033.012,"endTime":2038.467,"body":"as long as they see that and when they"},{"speaker":"Patrick Grimes","startTime":2038.467,"endTime":2041.597,"body":"give you something, you deliver and you"},{"speaker":"Patrick Grimes","startTime":2038.467,"endTime":2041.597,"body":"don't come with your handout first, leave"},{"speaker":"Patrick Grimes","startTime":2041.797,"endTime":2045.967,"body":"with value first, and you be consistent."},{"speaker":"Patrick Grimes","startTime":2045.967,"endTime":2050.257,"body":"I think that eventually they will, or"},{"speaker":"Patrick Grimes","startTime":2045.967,"endTime":2050.257,"body":"somebody adjacent to them will notice."},{"speaker":"Patrick Grimes","startTime":2051.082,"endTime":2053.942,"body":"And they'll put, they'll point"},{"speaker":"Patrick Grimes","startTime":2051.082,"endTime":2053.942,"body":"you out in the crowd and say,"},{"speaker":"Patrick Grimes","startTime":2053.942,"endTime":2054.512,"body":"yeah, let's do something."},{"speaker":"Average Joe FInances","startTime":2055.592,"endTime":2056.522,"body":"I love that."},{"speaker":"Average Joe FInances","startTime":2056.522,"endTime":2056.912,"body":"I love that."},{"speaker":"Average Joe FInances","startTime":2057.092,"endTime":2060.152,"body":"Actually, I was at a meetup recently,"},{"speaker":"Average Joe FInances","startTime":2057.092,"endTime":2060.152,"body":"and that's one of the things we were"},{"speaker":"Average Joe FInances","startTime":2060.152,"endTime":2064.172,"body":"talking about is, when you create some"},{"speaker":"Average Joe FInances","startTime":2060.152,"endTime":2064.172,"body":"of these partnerships, it's not about"},{"speaker":"Average Joe FInances","startTime":2064.172,"endTime":2067.372,"body":"the person that just showed up with"},{"speaker":"Average Joe FInances","startTime":2064.172,"endTime":2067.372,"body":"their handout saying, Hey I'm here."},{"speaker":"Average Joe FInances","startTime":2067.377,"endTime":2068.952,"body":"I'll help, I wanna be part of this."},{"speaker":"Average Joe FInances","startTime":2069.202,"endTime":2072.797,"body":"It's the people that actually show up"},{"speaker":"Average Joe FInances","startTime":2069.202,"endTime":2072.797,"body":"and actually do help and actually do add"},{"speaker":"Average Joe FInances","startTime":2072.797,"endTime":2074.867,"body":"value instead of saying, Hey, pick me."},{"speaker":"Average Joe FInances","startTime":2075.237,"endTime":2079.767,"body":"Adding value is the f the best way"},{"speaker":"Average Joe FInances","startTime":2075.237,"endTime":2079.767,"body":"to get noticed to any team that you"},{"speaker":"Average Joe FInances","startTime":2079.767,"endTime":2081.387,"body":"might be trying to be a part of, right?"},{"speaker":"Average Joe FInances","startTime":2081.387,"endTime":2083.067,"body":"Absolutely love that answer for sure."},{"speaker":"Average Joe FInances","startTime":2083.637,"endTime":2087.207,"body":"Okay, so Patrick, this is the final"},{"speaker":"Average Joe FInances","startTime":2083.637,"endTime":2087.207,"body":"question of the final round, and"},{"speaker":"Average Joe FInances","startTime":2087.207,"endTime":2091.377,"body":"I will preface this with, besides"},{"speaker":"Average Joe FInances","startTime":2087.207,"endTime":2091.377,"body":"your own, but do you have a favorite"},{"speaker":"Average Joe FInances","startTime":2091.377,"endTime":2095.577,"body":"business investing or real estate"},{"speaker":"Average Joe FInances","startTime":2091.377,"endTime":2095.577,"body":"related book or podcast, or both?"},{"speaker":"Patrick Grimes","startTime":2096.277,"endTime":2098.957,"body":"Who not how I"},{"speaker":"Patrick Grimes","startTime":2096.277,"endTime":2098.957,"body":"think is the, actually I'm, I run"},{"speaker":"Patrick Grimes","startTime":2098.957,"endTime":2101.867,"body":"around this, the lake behind me"},{"speaker":"Patrick Grimes","startTime":2098.957,"endTime":2101.867,"body":"here in the mornings with my puppy."},{"speaker":"Patrick Grimes","startTime":2101.867,"endTime":2104.957,"body":"And so I'm constantly going through"},{"speaker":"Patrick Grimes","startTime":2101.867,"endTime":2104.957,"body":"audiobook, but I've been listening"},{"speaker":"Patrick Grimes","startTime":2104.957,"endTime":2108.707,"body":"to who Not How again, because more"},{"speaker":"Patrick Grimes","startTime":2104.957,"endTime":2108.707,"body":"and more in my organization, I'm"},{"speaker":"Patrick Grimes","startTime":2108.707,"endTime":2111.887,"body":"realizing the, you're getting the"},{"speaker":"Patrick Grimes","startTime":2108.707,"endTime":2111.887,"body":"right people in the right seats."},{"speaker":"Patrick Grimes","startTime":2111.942,"endTime":2114.492,"body":"And it has really been empowering for me."},{"speaker":"Patrick Grimes","startTime":2114.922,"endTime":2118.812,"body":"I, us usually say the one thing, but"},{"speaker":"Patrick Grimes","startTime":2114.922,"endTime":2118.812,"body":"right now I'm saying the Una, how"},{"speaker":"Patrick Grimes","startTime":2118.812,"endTime":2122.692,"body":"it's just such an incredible book and"},{"speaker":"Patrick Grimes","startTime":2118.812,"endTime":2122.692,"body":"I recommend everybody read that guy."},{"speaker":"Average Joe FInances","startTime":2123.697,"endTime":2124.132,"body":"Awesome."},{"speaker":"Average Joe FInances","startTime":2124.137,"endTime":2126.752,"body":"And actually both are"},{"speaker":"Average Joe FInances","startTime":2124.137,"endTime":2126.752,"body":"fantastic recommendations."},{"speaker":"Average Joe FInances","startTime":2126.752,"endTime":2127.862,"body":"So I definitely appreciate it."},{"speaker":"Average Joe FInances","startTime":2128.252,"endTime":2130.622,"body":"Now that is it for the final round."},{"speaker":"Average Joe FInances","startTime":2130.662,"endTime":2133.952,"body":"However, I do have one more"},{"speaker":"Average Joe FInances","startTime":2130.662,"endTime":2133.952,"body":"question for you, Patrick."},{"speaker":"Average Joe FInances","startTime":2133.952,"endTime":2136.862,"body":"And this is the most important one of"},{"speaker":"Average Joe FInances","startTime":2133.952,"endTime":2136.862,"body":"all, because people are listening to"},{"speaker":"Average Joe FInances","startTime":2136.862,"endTime":2140.942,"body":"this interview and they're like, wow,"},{"speaker":"Average Joe FInances","startTime":2136.862,"endTime":2140.942,"body":"I really like what Patrick's doing."},{"speaker":"Average Joe FInances","startTime":2140.942,"endTime":2142.802,"body":"I really like what invest on Main's doing."},{"speaker":"Average Joe FInances","startTime":2143.132,"endTime":2147.182,"body":"We wanna know more about him and"},{"speaker":"Average Joe FInances","startTime":2143.132,"endTime":2147.182,"body":"everything that you're working on."},{"speaker":"Average Joe FInances","startTime":2147.232,"endTime":2149.242,"body":"Where can people actually find you?"},{"speaker":"Average Joe FInances","startTime":2149.512,"endTime":2151.852,"body":"Do you have a website, social"},{"speaker":"Average Joe FInances","startTime":2149.512,"endTime":2151.852,"body":"media, anything you'd share with us?"},{"speaker":"Average Joe FInances","startTime":2151.852,"endTime":2152.782,"body":"I know there's a book."},{"speaker":"Average Joe FInances","startTime":2152.782,"endTime":2154.822,"body":"If you could tell us about"},{"speaker":"Average Joe FInances","startTime":2152.782,"endTime":2154.822,"body":"that would be fantastic."},{"speaker":"Patrick Grimes","startTime":2155.632,"endTime":2158.932,"body":"Yeah, so"},{"speaker":"Patrick Grimes","startTime":2155.632,"endTime":2158.932,"body":"investonmainstreet.com,"},{"speaker":"Patrick Grimes","startTime":2158.932,"endTime":2161.642,"body":"investonmainstreet.com."},{"speaker":"Patrick Grimes","startTime":2161.992,"endTime":2165.792,"body":"We have some open investments multifamily"},{"speaker":"Patrick Grimes","startTime":2161.992,"endTime":2165.792,"body":"apartment building diversified energy"},{"speaker":"Patrick Grimes","startTime":2166.062,"endTime":2169.572,"body":"fund, which if you get in soon, we"},{"speaker":"Patrick Grimes","startTime":2166.062,"endTime":2169.572,"body":"actually have a special promo for earlier"},{"speaker":"Patrick Grimes","startTime":2169.572,"endTime":2171.982,"body":"in the year which provides for some great."},{"speaker":"Patrick Grimes","startTime":2172.507,"endTime":2175.447,"body":"Growth returns right now in a"},{"speaker":"Patrick Grimes","startTime":2172.507,"endTime":2175.447,"body":"down market, which is great."},{"speaker":"Patrick Grimes","startTime":2176.047,"endTime":2179.257,"body":"And we have an affordable housing"},{"speaker":"Patrick Grimes","startTime":2176.047,"endTime":2179.257,"body":"fund, which kicks off single."},{"speaker":"Patrick Grimes","startTime":2179.257,"endTime":2184.147,"body":"It's a large single family portfolio"},{"speaker":"Patrick Grimes","startTime":2179.257,"endTime":2184.147,"body":"hedges against delinquencies that because"},{"speaker":"Patrick Grimes","startTime":2184.147,"endTime":2187.567,"body":"the government subsidized rents, it's"},{"speaker":"Patrick Grimes","startTime":2184.147,"endTime":2187.567,"body":"fixed interest rates, so we don't have"},{"speaker":"Patrick Grimes","startTime":2187.567,"endTime":2189.427,"body":"to worry about interest rate increases."},{"speaker":"Patrick Grimes","startTime":2189.937,"endTime":2192.967,"body":"And it's this exploding market,"},{"speaker":"Patrick Grimes","startTime":2189.937,"endTime":2192.967,"body":"affordable housing right now."},{"speaker":"Patrick Grimes","startTime":2192.967,"endTime":2194.407,"body":"So we're providing in a need."},{"speaker":"Patrick Grimes","startTime":2194.877,"endTime":2197.667,"body":"And so it's gonna be growth,"},{"speaker":"Patrick Grimes","startTime":2194.877,"endTime":2197.667,"body":"it's gonna be a huge growth in a"},{"speaker":"Patrick Grimes","startTime":2197.667,"endTime":2199.687,"body":"recession especially stagflation."},{"speaker":"Patrick Grimes","startTime":2200.077,"endTime":2202.417,"body":"So I recommend people reach out"},{"speaker":"Patrick Grimes","startTime":2200.077,"endTime":2202.417,"body":"if you're interested in that."},{"speaker":"Patrick Grimes","startTime":2202.887,"endTime":2206.187,"body":"And yeah, so we have, and I'm happy"},{"speaker":"Patrick Grimes","startTime":2202.887,"endTime":2206.187,"body":"to chat with anybody if you are"},{"speaker":"Patrick Grimes","startTime":2206.507,"endTime":2210.657,"body":"early in your journey and you just"},{"speaker":"Patrick Grimes","startTime":2206.507,"endTime":2210.657,"body":"wanna have a chat, get you or advance"},{"speaker":"Patrick Grimes","startTime":2210.687,"endTime":2213.967,"body":"and you wanna diversify, you're"},{"speaker":"Patrick Grimes","startTime":2210.687,"endTime":2213.967,"body":"not sure how set the meeting you"},{"speaker":"Patrick Grimes","startTime":2213.967,"endTime":2216.397,"body":"invest on Main street.com/contact."},{"speaker":"Patrick Grimes","startTime":2217.492,"endTime":2220.642,"body":"Just go to our website and click"},{"speaker":"Patrick Grimes","startTime":2217.492,"endTime":2220.642,"body":"on contact or set up a meeting"},{"speaker":"Patrick Grimes","startTime":2220.642,"endTime":2223.342,"body":"and I'd be happy to understand"},{"speaker":"Patrick Grimes","startTime":2220.642,"endTime":2223.342,"body":"your goals and see if I can get"},{"speaker":"Patrick Grimes","startTime":2223.342,"endTime":2224.482,"body":"your point in the right direction."},{"speaker":"Patrick Grimes","startTime":2225.022,"endTime":2229.052,"body":"I always offer a copy of this when"},{"speaker":"Patrick Grimes","startTime":2225.022,"endTime":2229.052,"body":"I do podcasts which is called, it's"},{"speaker":"Patrick Grimes","startTime":2229.052,"endTime":2232.622,"body":"a Amazon number one bestselling"},{"speaker":"Patrick Grimes","startTime":2229.052,"endTime":2232.622,"body":"book that I put together with"},{"speaker":"Patrick Grimes","startTime":2232.802,"endTime":2234.492,"body":"some, a handful of co-authors here."},{"speaker":"Patrick Grimes","startTime":2235.042,"endTime":2240.542,"body":"Persistence pivots and game changers"},{"speaker":"Patrick Grimes","startTime":2235.042,"endTime":2240.542,"body":"turning challenges into opportunities."},{"speaker":"Patrick Grimes","startTime":2241.367,"endTime":2244.877,"body":"Persistence pivots and game changers,"},{"speaker":"Patrick Grimes","startTime":2241.367,"endTime":2244.877,"body":"turning challenges and opportunities."},{"speaker":"Patrick Grimes","startTime":2245.207,"endTime":2250.732,"body":"And we did, in fact Brian Tracy"},{"speaker":"Patrick Grimes","startTime":2245.207,"endTime":2250.732,"body":"did the forward Phil Collins, lead"},{"speaker":"Patrick Grimes","startTime":2250.732,"endTime":2255.572,"body":"guitarist at Def Leppards in here, I"},{"speaker":"Patrick Grimes","startTime":2250.732,"endTime":2255.572,"body":"did a chapter NFLNB a entrepreneur,"},{"speaker":"Patrick Grimes","startTime":2255.572,"endTime":2259.472,"body":"speakers, coaches, players, just"},{"speaker":"Patrick Grimes","startTime":2255.572,"endTime":2259.472,"body":"really cool people in this book."},{"speaker":"Patrick Grimes","startTime":2259.472,"endTime":2262.052,"body":"I just loved talking with all these guys."},{"speaker":"Patrick Grimes","startTime":2262.052,"endTime":2266.012,"body":"They have such extraordinary stories and I"},{"speaker":"Patrick Grimes","startTime":2262.052,"endTime":2266.012,"body":"was honored to be among them in this book."},{"speaker":"Patrick Grimes","startTime":2266.447,"endTime":2268.427,"body":"I'm giving away free"},{"speaker":"Patrick Grimes","startTime":2266.447,"endTime":2268.427,"body":"copies, shipped for free."},{"speaker":"Patrick Grimes","startTime":2268.857,"endTime":2274.197,"body":"The secret link though is"},{"speaker":"Patrick Grimes","startTime":2268.857,"endTime":2274.197,"body":"invest on main street.com/book."},{"speaker":"Patrick Grimes","startTime":2274.917,"endTime":2277.767,"body":"Invest on main street.com/book."},{"speaker":"Patrick Grimes","startTime":2278.217,"endTime":2281.367,"body":"And when you go there, you"},{"speaker":"Patrick Grimes","startTime":2278.217,"endTime":2281.367,"body":"need to go there and also in"},{"speaker":"Patrick Grimes","startTime":2281.367,"endTime":2283.197,"body":"the promo code area type in."},{"speaker":"Patrick Grimes","startTime":2283.572,"endTime":2287.922,"body":"The name of this podcast, average Joe"},{"speaker":"Patrick Grimes","startTime":2283.572,"endTime":2287.922,"body":"Podcast, average Joe Finances podcast, or"},{"speaker":"Patrick Grimes","startTime":2287.922,"endTime":2289.272,"body":"some variant, there's something like that."},{"speaker":"Patrick Grimes","startTime":2289.272,"endTime":2292.632,"body":"So we know it's you and you're"},{"speaker":"Patrick Grimes","startTime":2289.272,"endTime":2292.632,"body":"not a random, the website."},{"speaker":"Patrick Grimes","startTime":2292.992,"endTime":2295.482,"body":"And I'll sign it and I'll"},{"speaker":"Patrick Grimes","startTime":2292.992,"endTime":2295.482,"body":"we'll ship you a free copy."},{"speaker":"Patrick Grimes","startTime":2295.482,"endTime":2298.752,"body":"I'm happy to do I think it it just"},{"speaker":"Patrick Grimes","startTime":2295.482,"endTime":2298.752,"body":"tells our whole story, the ups"},{"speaker":"Patrick Grimes","startTime":2298.752,"endTime":2301.332,"body":"and downs, the pivots, the lefts,"},{"speaker":"Patrick Grimes","startTime":2298.752,"endTime":2301.332,"body":"the rights and how we ended up in"},{"speaker":"Patrick Grimes","startTime":2301.332,"endTime":2302.652,"body":"Hawaii and how we ended up back."},{"speaker":"Patrick Grimes","startTime":2302.652,"endTime":2306.862,"body":"And and if that helps inspire your story,"},{"speaker":"Patrick Grimes","startTime":2302.652,"endTime":2306.862,"body":"then it's enough of a gift back to me."},{"speaker":"Patrick Grimes","startTime":2306.862,"endTime":2309.232,"body":"Look forward to connecting and"},{"speaker":"Patrick Grimes","startTime":2306.862,"endTime":2309.232,"body":"chatting with anybody who's"},{"speaker":"Patrick Grimes","startTime":2309.232,"endTime":2311.042,"body":"interested and thank you so much."},{"speaker":"Average Joe FInances","startTime":2311.792,"endTime":2312.442,"body":"Yeah, Patrick."},{"speaker":"Average Joe FInances","startTime":2313.072,"endTime":2313.642,"body":"Absolutely."},{"speaker":"Average Joe FInances","startTime":2313.642,"endTime":2314.182,"body":"Awesome."},{"speaker":"Average Joe FInances","startTime":2314.432,"endTime":2316.412,"body":"Thank you so much for joining me today."},{"speaker":"Average Joe FInances","startTime":2316.412,"endTime":2320.182,"body":"This was a real treat because I got"},{"speaker":"Average Joe FInances","startTime":2316.412,"endTime":2320.182,"body":"to dig in a little bit and ask some"},{"speaker":"Average Joe FInances","startTime":2320.182,"endTime":2324.197,"body":"personal questions for me that I think"},{"speaker":"Average Joe FInances","startTime":2320.182,"endTime":2324.197,"body":"also helps my audience out as well."},{"speaker":"Average Joe FInances","startTime":2324.477,"endTime":2327.267,"body":"But yes, so I will make sure I"},{"speaker":"Average Joe FInances","startTime":2324.477,"endTime":2327.267,"body":"have all those links in the show"},{"speaker":"Average Joe FInances","startTime":2327.272,"endTime":2329.908,"body":"notes as well to make sure it's"},{"speaker":"Average Joe FInances","startTime":2327.272,"endTime":2329.908,"body":"easy for everybody to find them."},{"speaker":"Average Joe FInances","startTime":2330.087,"endTime":2332.637,"body":"You can click away, copy and paste."},{"speaker":"Average Joe FInances","startTime":2332.847,"endTime":2334.077,"body":"Just don't do it while you're driving."},{"speaker":"Average Joe FInances","startTime":2334.407,"endTime":2334.797,"body":"Okay."},{"speaker":"Average Joe FInances","startTime":2335.037,"endTime":2337.677,"body":"And yeah, again, Patrick,"},{"speaker":"Average Joe FInances","startTime":2335.037,"endTime":2337.677,"body":"thank you so much."},{"speaker":"Average Joe FInances","startTime":2337.682,"endTime":2338.727,"body":"This was fantastic."},{"speaker":"Patrick Grimes","startTime":2339.102,"endTime":2340.722,"body":"Absolutely,"},{"speaker":"Patrick Grimes","startTime":2339.102,"endTime":2340.722,"body":"Mike, I appreciate you having me."},{"speaker":"Average Joe FInances","startTime":2341.022,"endTime":2341.382,"body":"Awesome."},{"speaker":"Average Joe FInances","startTime":2341.382,"endTime":2345.432,"body":"And hey, to my listeners, I wanna say"},{"speaker":"Average Joe FInances","startTime":2341.382,"endTime":2345.432,"body":"thank you so much for joining me and"},{"speaker":"Average Joe FInances","startTime":2345.432,"endTime":2348.852,"body":"our special guest, Patrick Grimes,"},{"speaker":"Average Joe FInances","startTime":2345.432,"endTime":2348.852,"body":"on the Average Joe Finances Podcast."},{"speaker":"Average Joe FInances","startTime":2349.152,"endTime":2352.182,"body":"Go leave us a five star review and"},{"speaker":"Average Joe FInances","startTime":2349.152,"endTime":2352.182,"body":"tell us what you liked about today's"},{"speaker":"Average Joe FInances","startTime":2352.182,"endTime":2356.402,"body":"episode with Patrick Aloha from Hawaii"},{"speaker":"Average Joe FInances","startTime":2352.182,"endTime":2356.402,"body":"and have a great rest of your day."}]}