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.
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.