How a Mechanical Engineer Lost It All Then Built a $600M Portfolio — With Patrick Grimes Part 1
About this episode
Patrick Grimes discusses his journey from losing everything to building a $600M portfolio through diverse investments.
Patrick Grimes | Passive Investing Mastery Beyond Just Real Estate Every two weeks Patrick's team hosts a mastery series across gold, crypto, parking lots, litigation funding, and more. His philosophy — the wealthy do not put 100% into real estate. They allocate roughly 26% into real estate and 25% into other alternatives. True financial security means investing in assets that do not rise and fall together. Litigation Funding — The Opportunity Most Investors Miss Patrick's firm lends to attorneys on contingency cases — appraising legal fee agreements instead of properties. 90% of civil litigation settles before trial. His fund focuses on cases near settlement — low risk, high visibility on outcome. How He Got His First Deal Patrick worked for free for years — doing due diligence walks, underwriting, and slide decks. He did not know his partnership percentage until after his second deal closed. He was focused on learning from the right people. That approach launched his career faster than anything else. Moonlight Coaching Round — Patrick Grimes For New Investors: Allocate across real estate, energy, and legal services — non-correlated assets. That is true financial security…
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