Patrick Grimes, founder of Invest on Main Street and co-author of an Amazon #1 bestselling book, is a real estate investor with a background in engineering. In this episode, he talks about how his tech training helped him start his real estate career, and his realizations on going from investing in the single-family business to pursuing multi-family syndication.

Tune in to hear what he has to say about which market trends to look for, partnerships in real estate, inflation today, and more real estate pointers. Fasten your seatbelts because you’re about to hear how Patrick Grimes earned his $10 Million in less than a year through multi-family investing.

In this episode, we explore:

01:46 - Patrick’s background in the high-tech space

03:17 - How Patrick’s engineering training helped him in his real estate career

04:52 - Going from single family to multi-family business

09:27 - Looking for team members and partners

12:37 - Working so hard, you don’t notice you’ve built $10 Million

13:24 - The compelling case in investing in multi-family syndication

18:52 - How multi-family value add provides a “margin of safety”

19:20 - One thing Patrick wished he had known going into multi-family

22:06 - Patrick on inflation and where real estate market is headed

25:10 - What trends to look for in markets that you buy in

27:48 - Working with Patrick in real estate

Connecting with the Guest:

Website: https://investonmainstreet.com/

E-mail: [email protected]

LinkedIn: https://www.linkedin.com/in/patricksgrimes/

Facebook: https://www.facebook.com/lifeoncloudnine

#multifamilyinvestment

#successmindset

Ellis Hammond joins us in this episode to talk about his journey into investing. A man of faith, Ellis started as a college pastor before he went onto coaching and masterminding communities of real estate investors in Kingdom REI. In this role, he has acquired more than eighty-seven million dollars of real estate in 2021. Now that’s someone who you should put your faith in!

Wearing his faith on his sleeves, he gives valuable insight on how to utilize your beliefs as a real estate investor. Tune in to this episode to learn more about why you should bring your spiritual life into your business.

In this episode, we explore:

00:57 - Guest Introduction: Ellis Hammond as a person of faith

01:50 - The importance of being open about your spirituality in business

02:12 - Ellis’ Story: From pastor to investor

04:34 - Ellis talks about Biggest Turning Point, Moneywise

05:52 - Money as a Tool in Your Faith

09:35 - Personal Development and Faith

11:07 - More than Dave Ramsey: Personalities and Communities Discussing Money

13:25 - Ellis discusses why Debt is Your Friend

15:31 - Ellis talks about Leadership and Masterminding

20:26 - Ellis talks about being open about his faith being in business

22:53 - Stewarding Money as a Person of Faith

24:26 - Ellis talks about the advice for first time investors

28:53 - The power of networking

Connecting with the Guest:

Website: https://ellishammond.com

Email: [email protected]

Instagram: https://www.instagram.com/ellishammond_/

LinkedIn: http://www.linkedin.com/in/ellis-hammond-435b40156

YouTube: https://www.youtube.com/channel/UCJzlD6fCvowhxDsS8AMyUcA

#moneyandfaith

#blessing

If you’re a frequent listener and seasoned investor, you understand that it’s essential to plan for taxes in wealth building. But what are some of the ways that high earners can really decrease their taxes or actually pay zero taxes? It almost sounds too good to be true. In today's episode, Eric shares how he went from 32 years as a dentist to running a very unique syndicated investment in the energy space. He breaks down the new technology of carbon capture and the dynamics in this investment area that you can take advantage of. We'll define other energy investments and what tax strategies you could use if you're an investor. Find out how it's possible to really reduce your taxes to zero.

You can do it too! Matt Faircloth was once a young investor, just like you. He started somewhere and has worked his way up to building a well-regarded real estate career. Through stories and advice from his own deals, Matt will provide you with exactly what you need to begin or grow your portfolio. Catch his story about transitioning from property management and one day meeting an investor that taught him how to do it. He has been doing it ever since, and he shares his experience with much polish and candor, which reflects his desire to make an impact. Check out the episode!

Website: https://derosagroup.com/

Real estate deals are the very definition of big challenges. Jorge has been at this for a while with a large portfolio of deals under his belt, including a construction company, and an e-commerce business that he has managed to synergize altogether with multifamily despite the variety of challenges. The same goes when building experience. Building teams are important when you are in the business of multifamily. The more experienced partners that you have in your company, the more synergy that you can have when it comes to building your experience. Jorge shares in this episode that with an experienced team, any challenge can be tackled head-on.

Connecting with the Guest:

Real estate deals are the very definition of big challenges. Jorge has been at this for a while with a large portfolio of deals under his belt, including a construction company, and an e-commerce business that he has managed to synergize altogether with multifamily despite the variety of challenges. The same goes when building experience. Building teams are important when you are in the business of multifamily. The more experienced partners that you have in your company, the more synergy that you can have when it comes to building your experience. Jorge shares in this episode that with an experienced team, any challenge can be tackled head-on.

In this episode, we explore:

01:41 – Challenges in raising equity

03:58 – Mindset: Control what you can control   

05:57 – Overcoming unexpected events

08:54 – Expanding in multifamily

11:52 – Family business life-balance

14:12 – Plans and values when building your team

15:09 – Do business with great people

17:22 – Raising funds with 506c’s

20:11 – Doing the work before multifamily

22:28 – Networking and educating yourself

23:31 – Passive investor in multifamily

25:58 – What will happen next in multifamily

29:24 – https://www.elevatecig.com/

Connecting with the Guest:

Website: https://www.elevatecig.com/

#challenges

#multifamily

Think about the person who creates value for another. Your family members, friends, and business associates are more likely to help you than a person who does not create value. Dave Zook, known for raising an incredible amount of money around various creative investments, illustrates some lessons about creating value for others and developing relationships that last. Not only that, but he also shares what he calls the ‘holy grail’. Depreciation, the art of reducing your income and avoiding all those insane tax rates. Precisely what motivated Dave to get into real investment. He shares his alternative investments and talks about how real asset investment is the future.

Inflation is what everyone is talking about but could inflation really be a good thing. Jason Hartman has something he calls "Inflation-induced debt destruction". He lays out an elaborate concept of using debt to short the dollar. Right away, that gives you an idea about how inflation can be good for this. Debt is more valuable than ever. So is owning your own home. Jason and Bronson rave about what makes income property a superior asset class, especially in this current inflation atmosphere. The way Jason breaks down the many creative benefits behind using this asset and debt is nothing short of fascinating. This way you ride the tides of inflation instead of getting crushed by it. Inflation is one of the most important economic questions and almost no one understands how it works. This episode lifts the veil on the many truths and misconceptions on inflation. The path to victory involves knowing your obstacles and how to get around them, even better, use them to your advantage.

I feel like a lot of us get caught up in flipping houses because we see it on TV, and it looks so exciting. Well, it is, but you have to remember that what they show is only one house. They don’t show the 800 other projects you lose money on flipping and taxes. So, what if you could quit flipping single-family houses and start investing in large multifamily properties? Well, that’s exactly what my guest Jonathan Barr has done. He started flipping houses and realized it’s just too much work, but he’s discovered how to go from flips to large multifamily deals with such ease. We discuss exactly how he made that switch. Jonathan tells us his story and how he did it in such a short time frame. You will be blown away by how easy he made it look however it’s nothing but!  We talk about taxes, leveraging technology, being memorable to brokers, and how this giant transition happened in Jonathan’s life.

So, you've got two ways to go, one is mining and that has its own risks, depending on what you mind and how you do mining and then there's buying it. There are a lot of different methods of doing that, Eng Taing, the Bitcoin whisperer talks about an investment path available for a fraction of the cost. Not only that, but he also talks about the technicalities behind the technology and the economic implications of this new frontier. At its heart, Bitcoin is an investment in infrastructure. You purchase Bitcoin infrastructure through Bitcoin Mining. Similar to gold and other precious metals, many profited from the surrounding boom of the gold rush, not necessarily the gold rush itself. We answer many questions in this episode, is Bitcoin a bubble? Is wide-scale adoption on the horizon? And will Bronson be less hesitant about crypto after this episode? Find out now!

In this episode, we explore:

01:40 – Buying vs mining bitcoin

02:09 – What is bitcoin mining?  

03:33 – Mining pool block rewards

05:18 – The competition will double

07:16 – Depreciation for mining hardware

08:44 – The advantage of wide adoption

09:44 – Blockchain technology

11:22 – Two layers of blockchain tech

14:28 – Bitcoin is digital gold

16:59 – Blockchain syndication fund

20:15 – The ease of setting up wallets

22:09 – The crypto native generation

23:43 – Bitcoin is a yield producing asset

25:34 – https://www.touzicapital.com/

Connecting with the Guest:

Website: https://www.touzicapital.com/

#inflationinvesting

#mailboxmoney