Episode 3: BRRRR Strategy to Scale With Andrew and Angie Taggart

May 22, 2020

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Andrew and Angie Taggart, an electrician and a teacher by trade, walk us through how their drive for learning and growth has pivoted their careers into scaling up a real estate portfolio. They give tons of great information on networking events that have been pivotal in getting momentum, the strategy they use and unique rules relating to BRRRR investing that young investors can easily overlook.

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Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest: Andrew and Angie Taggart of Taggart Electric Inc.

REObroker Site: https://www.reobroker.com/

Auction Houses: https://www.hubzu.com/

REI Meetup: https://www.meetup.com/Chicago-Real-Estate-Investors-Mastermind/

Taggart Electric: https://www.taggartelectricinc.com/

Multiple Streams of Income: https://www.amazon.com/Multiple-Streams-Income-Generate-Unlimited/dp/0471714550

Rich Dad Poor Dad: https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194

Van Blackman - Wholesaler: https://www.networthrealtyusa.com/

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Guest intro 2:36 Questions for Andrew and Angie: What is the most overlooked aspect of the BRRRR strategy? 6:00 How do you handle financing? 8:15 What REI meetups are you parts of? 10:15 Tell me about your strategy of determining location. 11:25 How would you describe your areas to someone unfamiliar? 15:00 Why invest in single family over MFH? 17:10 What are some challenges you face after you close on a property? 19:25 What's the scope of a typical rehab you're doing? 21:20 Have you had to fight an appraisal before? 26.45 Wrap up questions: What's a piece of advice you'd give a novice? 31:00 What's your competitive advantage? 32:04 If you could go back three years, what would you do differently? 33:37 How do you have fun? 34:30 What's a good self development product you've used? 35:16 Local network recommendation? 36:23 Thanks for listening! If you found this episode useful, leave us a comment and hit that like button, it helps us out tremendously!

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Production House: Flint Stone Media