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All Forum Posts by: Steven Mallow

Steven Mallow has started 8 posts and replied 64 times.

Post: Turn-Key Flippers in Jefferson City, MO

Steven Mallow
Posted
  • Insurance Agent
  • Jefferson City, MO
  • Posts 67
  • Votes 10

Hi @Janne Zaccagnino

I work and am in the process of starting to invest in the Jefferson City, MO area.  I don't have any deals in town right now but am looking for some and may have some later on.  Also, we do have a reia that meets occasionally.  That me be her best bet for the short term.  

Post: Loan Officer goes rogue

Steven Mallow
Posted
  • Insurance Agent
  • Jefferson City, MO
  • Posts 67
  • Votes 10

Welcome Gabe!

I love the title to this thread.

Post: New Investor from Jefferson City, MO

Steven Mallow
Posted
  • Insurance Agent
  • Jefferson City, MO
  • Posts 67
  • Votes 10

I'm definitely interested in meeting sometime.

Ray, I'm sorry I just now saw your reply. I'm interested. 

Steven

Post: Closing on first flip, 2nd flip under contract - Chicago land area Dupage county

Steven Mallow
Posted
  • Insurance Agent
  • Jefferson City, MO
  • Posts 67
  • Votes 10

@Robert Obniski Great looking floors man. I'm still searching for my first flip. 

Congrats on your success. 

Post: Cash Buyers Needed

Steven Mallow
Posted
  • Insurance Agent
  • Jefferson City, MO
  • Posts 67
  • Votes 10

Andy,

Do you ever have homes in MO?

If so, I'm interested in seeing your deals. 

Thank you!

Post: What scares you most about getting started in real estate investment?

Steven Mallow
Posted
  • Insurance Agent
  • Jefferson City, MO
  • Posts 67
  • Votes 10

@Jonathan Twombly

Thank you for the response and the thread. It has been very informative for me. 

Post: Commercial Insurance Policy for multiple Rental Homes

Steven Mallow
Posted
  • Insurance Agent
  • Jefferson City, MO
  • Posts 67
  • Votes 10

@Kevin Kelly

I'm new to posting on here. Sorry I didn't notice this earlier. I'm a licensed p/c agent in MO, AR, and MT. In general, you want to have separate policies for each entity. When several entities are in the same policy, they share liability limits and it can be easy for them to be used up. Since the trust owns the LLCs I would think that you could write them all through the trust. However, you are spreading yourself kind of thin. I'm not even sure how you could get the LLCs outside the trust on the same policy. The last thing I would like to point out is why do you need to be a named insured? If your LLC is the named insured that includes its members. If I had a client bring this to me, I wouldn't feel comfortable structuring the insurance policies this way. I hope this helps.

Post: What scares you most about getting started in real estate investment?

Steven Mallow
Posted
  • Insurance Agent
  • Jefferson City, MO
  • Posts 67
  • Votes 10

My fear is that I will get into a flip and uncover something totally unforeseen. I'm also afraid that I will over improve and upgrade certain items that won't add to the bottom line or help move the house faster.  

Post: all of my fancy renovations payed off but one in particular sealed it

Steven Mallow
Posted
  • Insurance Agent
  • Jefferson City, MO
  • Posts 67
  • Votes 10

As a brand new investor I found a lot of these ideas intriguing.   I currently rent and one thing I complain about all the time is the shower head being crappy. 

Thank you for sharing everyone. 

Post: Are you looking for working capital? We can help!!

Steven Mallow
Posted
  • Insurance Agent
  • Jefferson City, MO
  • Posts 67
  • Votes 10

I am interested. Do you lend in MO?