BigMikeFund

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Today’s episode is a joint presentation and episode of Dentist Freedom Blueprint Podcast and Big Mike Fund Podcast. Dr. David Phelps and I discuss a collaboration we have between the Tempo Fund Management Group and the Freedom Founders mastermind.

I share my presentation about alternative deals and speculative deals. We hope to educate you on the pros and cons of investment grade deals and speculative opportunities. It is also important to work with a group like David’s Freedom Founders to weed out the bad deals and limit the risk in a deal. Of course, we want you to steer toward investment grade deals but there are good speculative deals and you need to know how to recognize the difference.

There is a lot of good information in this episode and David is a great presentation partner. So, please join us for this Big Mike Fund Podcast and Dentist Freedom Blueprint Podcast.

MINUTES MARKERS

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

00:22 -- Welcome to the Big Mike Fund Podcast.

00:27 -- Welcome to the Dentist Freedom Blueprint Podcast.

00:42 -- Our joint episode about due diligence and deal selection.

01:40 -- Our current collaboration and how we met.

04:55 -- How to leverage others’ specialties and expertise.

06:22 -- What are alternative investments?

07:00 -- A brief overview of today’s episode.

08:35 -- The beginning of my presentation.

09:16 -- The difference between investment grade deals and speculative deals.

10:56 -- Who is Dr. David Phelps?

11:40 -- The beginnings of the Freedom Founder mastermind.

12:10 -- A little about me.

14:07 -- David’s book and how to get it.

15:12 -- Pros and cons of investing in syndicated real estate.

21:26 -- Pros and cons of individual deals and funds.

23:24 -- The difference between a syndication deal and a fund.

24:41-- Investing vs. Speculating

28:44 -- The 4 Deal Quadrants.

35:30 -- What does downside protection mean?

38:51 -- Downside Protection vs. Wall Street

39:25 -- All projects have risks.

40:30 -- Typical risk adjustment based on the Deal Quadrants.

45:55 -- The role of the market in deal risk.

48:11 -- Backend appreciation in a deal and the cash flow.

49:23 -- The mixed results of investment grade growth focused deals.

50:43 -- An overview of the speculative sector and cash flow expectations.

52:35 -- The ways cash flow works in syndicated deals.

01:02:00 -- A brief explanation of underwriting and what to consider.

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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

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 market, less than half a million people in the home market so we don’t really specialize in any one thing other than distress real estate with a big focus on single-family homes." -- Jared Irby

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Ryan Parson is Chairman and Chief Investment Officer at Heritage Capital USA, Inc. and Mile Marker Club, as well as the Director of Investor Relations at Colonial Capital Management. He is also a renowned nationwide speaker on alternative investing and portfolio management.

Ryan grew up in a family rooted in real estate investment and in this episode he unwraps the advantages of alternative investments.

We learn about his non traditional way of thinking when investing as he leans into building your work around your life and not the other way around.  Ryan identifies a huge gap in a specific investor demographic that is looking for non traditional, more holistic options. While traditional advisor may find this impossible, Ryan and his company aim at fulfilling this need.

Ryan talks about the importance of knowing what is a great deal for you alone and Ryan mentions why real estate is such a popular investment vehicle. Tune in as he tackles taxation, shedding light on how important it is for you to be organized and be in control of the process.

Minute Markers

00:00 -- Intro

00:26 --Welcome Ryan Parson

00:58 --Ryan’s portfolio and overview

03:37 --When Ryan moved from the corporate world to alternative investing

04:57 --Where Ryan started investing

06:40 -- Ryan’s passive income realization

08:14 -- How do you build a plan for your clients? What do you do?

08:26 -- Two critical components

08:58 -- Ryan’s discovery of the chasm

09:39 -- What Ryan and his company strive to to

09:50 -- Ryan talks about traditional advisors

10:26 -- The reason why traditional advisors do what they do

10:50 -- What Ryan aims to do

12:33 -- Life versus work, Ryan’s take

14:30 -- How do you choose the right projects for your investors?

15:09 -- Ryan uncovers how your relationship with money dictates your choices

15:28 -- How Ryan helps his clients unfold a strategy

17:54 -- Determining how much cash flow is needed

19:30 -- How much time can you commit to be being an investor?

22:53 -- Ryan’s basic strategies to minimize taxation and allow growth

23:46 -- Looking at the deal behind the deal

26:42 -- Private deals versus speculative deals

27:18 -- Taxation

35:03 -- How to reach Ryan

35:26 -- Special offer for listeners

36:44 -- Final thoughts

Resources

www.HeritageCapitalUSA.com

www.ColonialCapitalManagemen

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Jordan Fisher is the founder of Good Bones Properties, a full-service real estate brokerage that buys and sells properties, as well as trains real estate agents how to create and maintain leverage during a sale. Jordan is the king of creating leverage in his deals. He emphasizes the importance of maintaining control over the deal process.

We dig deeper into Jordan’s process and how integrity is the best weapon you have in real estate.

MINUTES MARKERS

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

00:22 -- Welcome Jordan Fisher to the podcast.

01:25 -- Jordan’s real estate background and how we know each other.

02:20 -- The best way to sell any property in any market.

04:50 -- Why brokers tend to exaggerate the price of a property.

05:28 -- How Jordan’s approach is different.

06:09 -- Jordan’s 3 Ls of real estate.

06:40 -- There is no room for hope in real estate.

08:40 -- How Jordan creates leverage.

10:54 -- Why you want an awkward price on your property.

13:28 -- How to play the game of leverage.

16:58 -- What’s wrong when Jordan’s system doesn’t work.

18:27 -- Phase One of Jordan’s process: set up the system.

21:52 -- Phase Two: Maintain the leverage by placing the deal in the buyer’s hands.

24:02 -- Phase Three: How to effectively accept an offer.

28:00 -- How timelines help you maintain leverage.

32:38 -- How to keep your integrity during a deal.

36:25 -- What you can control in a deal and what you can’t.

38:10 -- Jordan’s contact information.

39:02 -- Thank you to Jordan Fisher for joining us today.

39:30 -- Outro to the Big Mike Fund Podcast.

RESOURCES

Good Bones Properties

Jordan’s email

Big Mike Fund

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