In this episode of Chasing the Insights, I talk to best-selling author and leading investment specialist Patrick Grimes.
Patrick talks to us about the pros/cons of active vs passive investing.
Patrick Grimes is the Founder and CEO at Invest on Main Street, a private equity firm with a mission to enhance busy professionals’ quality of life by providing tax shielded and inflation hedge passive income and wealth-building investments.
He comes from fourteen years of experience in active real estate investment, purchasing distressed assets, renovating, and stabilizing for long-term cash flow.
As a syndicator, Patrick has raised $20M+ from his network of passive investors to accumulate a $600M+ portfolio with 4000+ units in multifamily apartment communities in the emerging markets across Texas and the southeastern United States.
Patrick co-authored an Amazon #1 best-selling book, “Persistence, Pivots, and Game Changers” and, on the Forbes Real Estate Council, he writes articles on investing and commercial real estate and contributes to Forbes Expert Panels.
A leader in the high-tech space, he contracts to design and build one-of-a-kind manufacturing automation and robotic systems through his other company, Protomation Systems, LLC.
Patrick also holds a BS in Mechanical Engineering, a Master of Science in Engineering and an MBA.
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