Latest / Go Big with Gib Podcast / Ep 66. When Markets Nap, Wealth-Builders Find New Paths
Transcript
- 0:00Speaker 1: Welcome to the Go Big With Gibb podcast, where we talk to professionals, business owners and entrepreneurs about their big wins.
- 0:06Speaker 1: Hey everyone, and welcome to this episode of Go Big With Gibb.
- 0:13Speaker 1: I'm Gibb Irons, your host.
- 0:14Speaker 1: Today, I want to talk a little bit about a shift in the game.
- 0:18Speaker 1: I want to talk about how the multifamily real estate market has really slowed down over the past couple of months and why that's teeing up a prime opportunity for you to consider medical real estate.
- 0:30Speaker 1: All right.
- 0:30Speaker 1: So if you've been in the real estate game for a long period of time, then you know that markets don't move in a straight line.
- 0:36Speaker 1: Multifamily those large apartment complexes that we've been piling money into has been a cash cow for years Low interest rates, skyrocketing rents.
- 0:46Speaker 1: Investors like me have been jumping into syndications to grab a piece of the action.
- 0:50Speaker 1: But here's the reality check Things have slowed down.
- 0:53Speaker 1: Interest rates are up, cap rates are tightening and deals that used to pencil out like a dream they're sitting on the table for a lot longer.
- 1:01Speaker 1: It's not a crash, it's a breather.
- 1:04Speaker 1: Now, I've seen this before.
- 1:05Speaker 1: Markets cycle, always, have, always will, and when one sector cools, smart investors don't panic, they pivot.
- 1:13Speaker 1: Multifamily's taking a timeout, and that's fine with me because it's setting the stage for something that I've been heavily into lately medical real estate.
- 1:21Speaker 1: Yeah, you heard that right Medical offices, dental offices, veterinary offices it's a different beast and it's where I'm putting my money to work.
- 1:30Speaker 1: So let me break it down for you.
- 1:32Speaker 1: I've been investing in passive real estate syndications for years, pulling capital with pros who do the heavy lifting while I just cash the checks.
- 1:40Speaker 1: And multifamily has been great, but medical real estate, it's a sleeper hit.
- 1:45Speaker 1: Think about it.
- 1:46Speaker 1: Healthcare is not optional.
- 1:48Speaker 1: People don't stop going to the doctor because interest rates have gone up.
- 1:52Speaker 1: Demand steady leases are strong.
- 1:55Speaker 1: We're getting triple net leases think 10 to 15 years.
- 1:58Speaker 1: And the tenants?
- 1:59Speaker 1: They're rock solid Doctors, medical groups, dentists they're not flaky startups that are ghosting us on the rent.
- 2:06Speaker 1: Our medical real estate fund is called Health Wealth Capital and it's built on this.
- 2:11Speaker 1: We're scooping up properties tied to healthcare with long-term triple net leases.
- 2:16Speaker 1: The multifamily slowdown has got investors second guessing, but medical real estate's sitting pretty Stable returns, downside protection and cash flow that doesn't flinch when the Fed hikes rates.
- 2:28Speaker 1: I've been around long enough to know that timing matters.
- 2:31Speaker 1: Multifamily's pause isn't a signal to sit on your hands.
- 2:35Speaker 1: It's a nudge to look where others aren't.
- 2:37Speaker 1: I'm still in syndications, I'm still passive, but I'm doubling down on medical why?
- 2:43Speaker 1: Because the numbers don't lie.
- 2:46Speaker 1: Cap rates are holding, firm yields are juicy and the risk way lower than chasing the next apartment deal in an oversaturated market.
- 2:55Speaker 1: So here's the play.
- 2:56Speaker 1: Folks.
- 2:56Speaker 1: Multifamily is taking a nap, so it's time to go big somewhere else.
- 3:00Speaker 1: Our medical real estate fund is open for business.
- 3:03Speaker 1: It's steady, it's smart and it's built for the long haul.
- 3:07Speaker 1: This is Go Big With Gibb.
- 3:08Speaker 1: Markets shift, winners adapt.
- 3:11Speaker 1: Hit, subscribe, share with a friend and let's talk next time about how to keep your money moving.
- 3:16Speaker 1: Look forward to catching you later.
- 3:18Speaker 1: Thank you for listening to this episode of Go Big with Gibb.
- 3:24Speaker 1: If you haven't already, go follow us on social media at GibbIrons.
- 3:28Speaker 1: We'll see you next time.