Updated over 8 years ago on . Most recent reply
Should I invest in a title company
Hey everyone! I hope you're doing well. I hope I am posting this in the right forum topic. Anyway, here's the SUPER quick run down.
I met a Real Estate Agent who is 29 (I am 28) and he's doing REALLY well for himself in the last year. 250k in commissions. He's looking to vertically integrate and create a title company. He has 3 agents under him at Parks and obviously would disclose if any of his deals are going through his title company. He's asking for 50k from me to get started, 10% ownership in the company and revenue sharing.
What questions should I be asking and to whom? I'll be calling a real estate attorney tomorrow. This most certainly does NOT sound like a "too good to be true thing." I have a pretty good understanding of how title companies work. What I do not know is the strength of the longevity, issues that face them and any legal ramifications this younger agent might be missing. Just some guidance would be amazing. THANKS!