The Real Estate Syndication Show

WS1746 Building a Recession Resilient Portfolio | Patrick Grimes

Whitney Sewell Episode 1746

In the current volatile economic landscape, creating a recession-proof portfolio is of utmost importance. Our guest today, Patrick Grimes, exemplifies the resilience needed for such a formidable task. As the Founder and CEO of Invest On Main Street and  Passive Investing Mastery , he rose stronger from the 2007-08 financial crisis. He comes equipped with fresh insight and a winning strategy.

In this episode, we delve into Patrick's transformation from an engineer to a seasoned real estate investor. He emphasizes the significance of reserves in deal structuring. Patrick shares his knowledge on building a portfolio that can weather economic downturns, highlighting the need for solid economic foundations.

Patrick reveals his strategies for spotting resilient sectors during economic downturns. He offers valuable advice on diversified employment sectors, tax benefits, and landlord-friendly legislation. This information is crucial for anyone stepping into real estate. His insights on selecting the right assets and establishing a robust economic base to withstand recessions are enlightening.

We dive into partnership dynamics as Patrick candidly talks about the importance of letting go of control. He stresses the need to accumulate 8,000 hours of experience to master any craft. His shift from single-family homes to an 86-unit deal showcases the power of patience and teamwork. We also discuss the importance of being actively involved when seeking partnerships and why stepping back can sometimes lead to a significant leap forward.

Want to learn more about Patrick Grimes and his strategies for building a recession-proof investment portfolio? Dive deeper into Patrick's journey and his invaluable insights here.

You also have the chance to get a signed copy of Patrick's book. Unlock more secrets of successful real estate investing from one of the best in the business. Claim your signed copy here. Don't miss out - start your path to financial resilience today!



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