Episode Details

Title insurance protects real estate buyers and lenders from financial loss due to defects in the title of the property, and every investor should consider title insurance a vital part of the buying process. “Texas Title Queen” Rachel Luna joins us today to talk about best practices for purchasing title insurance. She goes over the rates and fees involved in the transaction, what mistakes to avoid, and how we can leverage our relationships to find the right title insurance company for our business. She also gives her perspective on the impact of digitization and cryptocurrency in the title real estate industry and the way it is evolving for the future.    With 11k+ followers on Instagram, Rachel has amassed a following with her dynamic personality and fabulous brand. She is a principal at Patriot Title Company and is one of just two women who own a medium-sized title business in Texas. She is also an expert in real estate escrow and closing service and has over 20 years of experience in the real estate industry. As a powerful female entrepreneur, Rachel distinguishes herself outside the norm of title insurance by modernizing how the industry is portrayed and sharing her climb to the top from humble beginnings.   Quotes • “That's what the title insurance company does. We’re writing insurance. If anything comes up, we, as a title company, are liable to pay that, and we have the full accountability.”(7:44 -7:52) • “Get  title insurance. It protects you. It's the right way to go, especially if you're investing and putting your money into a deal. Do not risk your money.” (9:11-9:18) • “I would always ask your title company what do you charge for your legal fees? What do you charge for your escrow settlement fees?” (12:28- 12:35) • “Cryptocurrency and all of the above in reference to Bitcoin and everything else, it's here to stay.  The title industry, which is a very regulated conservative industry, has acknowledged it.”(18:48-19:01) • “You do need a relationship with your title company to understand your business plan and what type of properties you're buying so they can know how to look at the title and how to dissect it for you.” (21:57-22:07) • “The title company is going to be more receptive if it’s a referral from someone who's already doing business with them.” (22:55-23:00) Connect with Rachel: Website: https://www.patriottitletx.com/ Facebook: https://www.facebook.com/RachelTexasTitleQueen/ Instagram: @racheltexastitlequeen Twitter: @TexasTitleQueen Resource mentioned:  The Secret by Rhonda Byrne Missed InvestHER CON 2022 or just want to relive the experience? Don’t worry! Get instant access to the InvestHER CON 2022 recordings and enjoy tons of transformational sessions with incredible women investors! https://www.therealestateinvesther.com/offers/PDh8G6eE/checkout How To Join the InvestHER Movement  1) InvestHER CON 2023 Meet Us in Arizona! | InvestHER CON 2023 Early Bird Tickets are available now! The inaugural InvestHER CON was unforgettable. We saw women freely raising their hands, asking questions, and going to the mic to share their thoughts; we saw women confidently speaking with sponsors, holding intimate conversations with each other, and connecting on a deeper level with themselves. You laughed with us. You cried with us. You played in the arena with us. And most of all, you inspired us! We’re not stopping there. We’re thrilled to announce that InvestHER CON will be returning in May 2023, at a venue in sunny Arizona! Early bird tickets are available now: https://www.therealestateinvesther.com/offers/K92UxTz3/checkout 2) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses, and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care