Inspire Wealth with Prof M featuring Matt Wallace: Real Estate Strategies in a Shifting Retail Market

This episode features another successful investor, Matt Wallace! Whether you're a seasoned investor or just starting out, Matt's journey is packed with valuable guidance to help you navigate the market with confidence. Don’t miss this opportunity to learn from his expertise and get inspired to kickstart your investment ventures today! EPISODE HIGHLIGHTS * Background and Transition: Matt Wallace transitioned from a finance career to real estate after seven years, joining a REIT focused on shopping centers during the financial crisis. * Retail Apocalypse: The retail sector has experienced significant challenges over the past 15 years, largely due to the rise of e-commerce, particularly from giants like Amazon. * Omnichannel Success: Retailers that successfully integrated online and offline strategies enhanced customer service and offered price matching to compete effectively. * Value-Focused Retailers: Brands thrived by providing a "treasure hunt" shopping experience without heavily investing in e-commerce. * Lessons from Failures: Businesses must adapt to changing consumer preferences to ensure sustainability and growth. * Market Recovery: Current retail fundamentals are reportedly stronger than they have been in two decades, with rising occupancy rates and decreasing bankruptcies. * Investment Strategies: Triple Net Leases and Community-Based Investments * Creative Leasing Structures: In transient markets consider innovative lease agreements, such as lower base rents with percentage rents during peak seasons, to ensure tenant stability. * Advice for New Investors: - Start with smaller, manageable investments. - Prioritize location over yield. - Gain a solid understanding of the market. - Use moderate leverage to mitigate risk. - Target reliable and stable tenants. Matt Wallace Website: https://www.matthews.com/ Mallory Meehan Website: www.inspirewealthmgt.com Spotify: podcasters.spotify.com/pod/show/prof-mallory Apple Podcast: apple.co/3MYf8Me For collaborations: ruby@inspirewealthmgt.com