Today I welcome Jared Irby, the president and the founder of the IRBY Home Buyers. He is a fellow member of the Collective Genius Mastermind and is based in Mobile, Alabama. Jared invests in house flips and multi-family properties. He shares the standard cost of one of his properties and gives us an idea of how he works with the local economy to a mutual benefit.

He also gives a clear picture of the market he works within and why he thinks it is so favorable to business and real estate. Mobile is a well-kept secret within the real estate community and Jared will explain why.

MINUTES MARKERS

00:00 -- Introduction to the Big Mike Fund Podcast.

00:22 -- Welcome Jared Irby to the podcast.

00:54 -- About Jared and his business in Mobile, Alabama.

01:34 -- Why hurricane season is not as big as a deal as the media makes it out to be.

03:12 -- The types of properties Jared buys and who is his standard customer.

04:45 -- The average cost to one of Jared’s investors.

05:57 -- The average cost to a family renting one of Jared’s properties.

07:20 -- The types of investor Jared likes to work with.

08:26 -- How Jared manages his properties.

09:24 -- The multi-family opportunities Jared has invested in and why he likes to focus on the low end of the market.

13:43 -- Why Jared likes to work with local banks.

16:05 -- How his company finds their deals.

19:30 -- The current market outlook in Mobile and why it is a well-kept secret.

23:50 -- Why cities do better when businessmen are in charge,

26:23 -- Jared’s final advice to the audience.

28:32 -- Jared’s contact information.

29:20 -- Thank you, Jared, for joining us.

29:36 -- Outro to the Big Mike Fund Podcast.

RESOURCES

Big Mike Fund

Jared on Facebook

Irby Home Buyers

Empire Forge Mastermind

TWEETS

"You kind of have to build relationships if you’re trying to acquire one or two, three deals a month. You can do that without any marketing pretty easily just by working the relationships." -- Jared Irby

"We split our business around three or four local banks. Some love the multifamily, some love to give credit lines, some love to do single family portfolios. We spread our business around a little bit and try to have multiple relationships going at once so that way if one does slack off, we have others in the pipeline to help us out. I think that diversification there is really important." -- Jared Irby

"Obviously, we’re kind of in a smaller marke