Seeking advise - Title company

[Raj Kumar]

Hi,

I’m a single-family real estate investor with a few rental properties under my belt. Recently, a real estate friend suggested I consider starting a title company, as he and his partners (primarily in commercial real estate, like strip malls) could bring business my way.

While I’ve worked with title companies in my transactions, I’ve never explored the inner workings of how they operate. I’d love to hear from anyone with experience in this area:

1. What does it take to start a title company?
2. What kind of initial investment should I expect?
3. What are the potential pitfalls or challenges in launching and running a title company?

Any insights or advice would be greatly appreciated!

Thanks,
Raj