The Scrub-In

Dr. Kimberly Workman explains why vintage multifamily in Phoenix is the smart play for physician investors in January 2026.

Show Notes

You didn't go through med school, residency, and fellowship to spend your weekends analyzing cap rates. But here's the thing: the physicians who build real wealth understand one simple truth—your income is not your wealth. Your assets are.

In this episode, Dr. Kimberly Workman breaks down why January 2026 might be the best entry point for vintage multifamily in Phoenix that we've seen in years. Learn why smart money is avoiding shiny new builds and targeting "ugly" 1970s-1990s garden-style properties instead.

Key Takeaways:

  • Why the Phoenix supply wave is cresting (units under construction down 29%)
  • The math: vintage trades at 6-7.5% cap rates vs 5.5% for new builds
  • How to acquire at $125-200 PSF vs $300+ replacement cost
  • Why Phoenix leads the nation in net migration
  • The value-add playbook: 20-30% rent bumps post-renovation

Connect with Dr. Kimberly Workman: LinkedIn

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What is The Scrub-In?

Where high-earning doctors learn to invest like insiders.

Hosted by Dr. Kimberly Workman, a board-certified orthopedic surgeon who raised $10 million in capital while working full-time in the OR. Each episode breaks down commercial real estate syndications, passive income strategies, and wealth-building tactics designed specifically for physicians who are done trading time for money. This is the stuff they didn't teach you in med school or residency.