Episode 86: Jared Irby

In today's episode of Passion for Real Estate Investments, President of Irby Home Buyers, Jared Irby, talks about his journey in real estate investing, resilience, and the good stress of flying. Jared attended the University of South Alabama, but left to pursue his first successful venture in a long line of successful ventures. 10 years ago, he started buying and redeveloping real estate. In that time, he has flipped hundreds of houses, acquired hundreds of apartments, and closed many tens of millions of dollars worth of deals. Throughout his career, Jared has bought, opened, and sold many highly successful businesses, including two startups that grew to over $10 Million in annual revenue. Jared is an inactive Real Estate Licensee in Alabama, and is currently pursuing a CCIM designation. How has the market downturn affected his business? He tells us how he's preparing his business for a catastrophic future event, and we get to hear about his business model. Why is wholesaling better in the current market situation? Hear the advantages of in-house property management, how people participate in his deals, and the importance of vetting your investors, capital sources, and banks. If you want to learn about the ways to prepare and protect your business for catastrophe, or you want to know about finding the right funding sources, or you're looking to get into the market during the downturn, this episode is for you.   Highlights from the interview "I'm passionate about real estate because there's just so many ways to win." "I get most stressed when everything is going good, because you know something bad is coming." "When you don't need the money now, it's better to not make a deal with the devil. Vetting your investors is important to make sure that their goals are aligned with yours."