How a Mechanical Engineer Lost It All Then Built a $600M Portfolio — With Patrick Grimes part 2

MAY 6, 202637 MIN
The Diversify Show with Eric Lindsey

How a Mechanical Engineer Lost It All Then Built a $600M Portfolio — With Patrick Grimes part 2

MAY 6, 202637 MIN

Description

<p>Patrick Grimes lost everything in 2007.</p><p><br></p><p>He went all in on a pre-development deal — highly leveraged, certain to double his money.</p><p><br></p><p>Then 2008 happened.</p><p><br></p><p>He lost it all.</p><p><br></p><p>A mechanical engineer who had worked with Tesla, Google, Lockheed, and Johnson and Johnson had to start over completely.</p><p><br></p><p>What he did next is the blueprint every W2 investor needs to hear.</p><p><br></p><p>Patrick Grimes | Passive Investing Mastery | 5,000+ Units | $600M Portfolio</p><p><br></p><p>Why LPs Should Pay Attention to This Operator</p><p><br></p><p>Patrick did not stumble into syndication.</p><p><br></p><p>He spent years moonlighting — buying single family homes in recession resilient Texas markets while working full time in California.</p><p><br></p><p>He deployed every bonus and every extra dollar of his paycheck into those assets.</p><p><br></p><p>He earned a master&#39;s in engineering and an MBA while doing it.</p><p><br></p><p>He worked for free for seasoned operators — doing slide decks, underwriting, due diligence walks — without even knowing his partnership percentage on the first two deals.</p><p><br></p><p>He was just focused on learning the right way to do things.</p><p><br></p><p>That foundation is what built a $600 million portfolio.</p><p><br></p><p>How He Balanced W2 and Real Estate Investing</p><p><br></p><p>Patrick was running himself ragged moonlighting while working full time in San Francisco.</p><p><br></p><p>He made a strategic shift — moved from W2 employee to contractor through his own S-Corp.</p><p><br></p><p>That gave him more control over his time and allowed him to take calls with brokers, vendors, and partners during business hours instead of only nights and weekends.</p><p><br></p><p>He credits that one decision as a turning point in his investing career.</p><p><br></p><p>The Moment He Went Full Time</p><p><br></p><p>Patrick did not rush the exit.</p><p><br></p><p>He stayed in his automation career through COVID — during which his company had record years building automated assembly cells for COVID test kits.</p><p><br></p><p>When things slowed down post COVID it made sense to make the jump.</p><p><br></p><p>He now lives in Hawaii and manages a $600 million portfolio across real estate, energy, and litigation funding.</p><p><br></p><p>The right exit at the right time built the right foundation.</p><p><br></p><p>Listen to the full episode of the Moonlight Real Estate Side Hustles and Syndication Show with Eric Lindsey.</p><p><br></p><p>👉 Mastermind Group: <a href="https://www.facebook.com/share/g/187opx1PyD/">https://www.facebook.com/share/g/187opx1PyD/</a><br>👉 YouTube: <a href="https://www.youtube.com/@Realestatesidehustleoperations">https://www.youtube.com/@Realestatesidehustleoperations</a></p><p><br></p><p>Free e-book: <a href="https://moonlightcre.com/ebook_download/">https://moonlightcre.com/ebook_download/</a><br>Website: <a href="https://moonlightcre.com/">https://moonlightcre.com/</a><br>Schedule a call: <a href="https://calendly.com/moonlightequitiesgroup/scheduled-conversation">https://calendly.com/moonlightequitiesgroup/scheduled-conversation</a><br>Learn more: <a href="https://linktr.ee/ericlindsey">https://linktr.ee/ericlindsey</a></p><p><br></p><p>Financial security over job security — always.</p><p><br></p><p>#RealEstateSideHustle #MoonlightRealEstate #PassiveIncome #PassiveInvesting #RealEstateSyndication #SideHustle #W2Investor #RealEstateInvesting #FinancialSecurity #WealthBuilding #RealEstatePodcast #ApartmentSyndication #RealEstateInvestor #FinancialFreedom #BuildingWealthOnTheSide</p>