All Forum Posts by: Alex Toler

Hi all!

I am new to BP as well as the real estate investing world. I have another business that I can run from anywhere I choose. This is allowing me to dive into real estate investing full time. I am wanting to find some mentors in the industry.

In order to give back to the mentors, I am eager to help locate properties, help on renovations (I have general carpentry and mechanical skills), and help find buyers/tenants.

I live in Western St. Charles County, but I am more than happy to work all over the St. Louis Metro Area (preferably the Missouri side).

I look forward to hearing about others success!

Thank you in advance.

Alex

Hi all!

My name is Alex Toler, I am 24, and I am new to the real estate investing world.  My only real estate experience is from buying my own home, and working with realtors and lenders to provide insurance to their clients.

I was born and raised in Western St. Charles County.  I went to Missouri State University in Springfield, MO, and upon graduation I spent another year working and living in Springfield.  This past summer I moved back to my roots here in St. Charles County.

My "day job" is running a full service independent insurance agency.  Many of my clients are small business owners and property investors.  Running the agency falls in line with my entrepreneurial spirit, and allows me the freedom to work on other projects as well.

My goals for the next year are to complete 10 wholesales deals, one fix and flip, and acquire my first rental property.  Over the next 5 years, I would like to have 10 rental properties, one being a vacation rental.  These may be stretch goals, but I believe my work ethic will help me obtain these goals.

I look forward to meeting the many members on this site, and growing my knowledge of the industry.  I will also be sure to provide my insurance knowledge on that particular forum, that way I am able to help others in their businesses as well.

Alex Toler

I personally prefer having an LLC and having a commercial umbrella policy for the LLC. It is a little bit of an extra expense early on in the business, but it will protect you the best. As your business grows, you will be happy to have taken care of these in the early stages.

Hey Mark!

I work with a guy who can get you the information.  I am sending you an email.

Alex

In my opinion almost everyone should have an umbrella policy.  The easiest way to justify this is to take the added cost of your umbrella policy, and divide that by the hourly rate of your lawyer.  Most people will find this adds up to two hours or less depending on the amount of homes, cars, and toys they own.  Then take into consideration the amount of time your lawyer is going to spend fighting this lawsuit.

During a lifetime, if you have one substantial claim, you will find that an umbrella policy is worth it.  If you don't have any claims, at least you were able to sleep a little better at night.