031: House Flips and Multi-Family Properties in Mobile, Alabama

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

 

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