Tactics & Strategies. Navigating the Challenges & Trends in the Title Industry - ft. Katie McGinnis
02/29/24 • 36 min
In this episode we hear from New Beginnings Title Company founder and CEO, Katie McGinnis as she unravels her rules of success, one innovative step at a time!
Join Joe Seagle and Katie McGinnis on a journey back to 2020, where Katie embarked on her entrepreneurial adventure armed with nothing but determination and a shoestring budget. Despite the pandemic's challenges, Katie and her team didn't just survive – they thrived! They discuss the challenges of keeping up with changes in the industry, the increasing prevalence of fraud in real estate transactions, and the importance of training and security measures. They also touch on the expenses and insurance required in the title industry, as well as the trends they are seeing in closings, such as wraparound mortgages and creative financing.
Resources & Terms Mentioned
New Beginnings Title Company | https://nbtfl.com/
E-Closing: Online Settlement Transactions | https://e-closing.com/
Zero Balance Account | https://www.investopedia.com/terms/z/zba.asp
Errors & Omissions Insurance | https://www.thehartford.com/professional-liability-insurance/errors-omissions-insurance/coverage
Wrap-around Mortgages | https://www.rocketmortgage.com/learn/wrap-around-mortgage
Subject To Transactions | https://www.fortunebuilders.com/subject-to-real-estate
---Follow Katie & New Beginnings Title Company--- @newbeginningstitleco @katie_mcgenius Contact Katie: [email protected] | www.nbtfl.com ---Follow us--- https://linktr.ee/mylandtrustee @mylandtrustee @aspirelegalsolutionsHave a question you want answered on our next Ask Joe episode? Leave a comment below!
Subscribe: Don’t miss out on future episodes of our Trust This podcast —subscribe now! https://www.youtube.com/@MyLandTrustee?sub_confirmation=1
Unlock the power of land trusts to protect your assets and enhance your privacy with Land Trusts in Florida, 11th Edition by experts Mark Warda and Joe Seagle—get your copy now! https://mylandtrustee.com/book/
Next Trust This Newsletter Alert: Stay tuned for more valuable tips and updates! https://trustthis.beehiiv.com/subscribe
Protect what matters most—reach out today to explore our asset protection services including estate planning, trust creation, and business structuring. Visit us at https://aspirelegal.com
In this episode we hear from New Beginnings Title Company founder and CEO, Katie McGinnis as she unravels her rules of success, one innovative step at a time!
Join Joe Seagle and Katie McGinnis on a journey back to 2020, where Katie embarked on her entrepreneurial adventure armed with nothing but determination and a shoestring budget. Despite the pandemic's challenges, Katie and her team didn't just survive – they thrived! They discuss the challenges of keeping up with changes in the industry, the increasing prevalence of fraud in real estate transactions, and the importance of training and security measures. They also touch on the expenses and insurance required in the title industry, as well as the trends they are seeing in closings, such as wraparound mortgages and creative financing.
Resources & Terms Mentioned
New Beginnings Title Company | https://nbtfl.com/
E-Closing: Online Settlement Transactions | https://e-closing.com/
Zero Balance Account | https://www.investopedia.com/terms/z/zba.asp
Errors & Omissions Insurance | https://www.thehartford.com/professional-liability-insurance/errors-omissions-insurance/coverage
Wrap-around Mortgages | https://www.rocketmortgage.com/learn/wrap-around-mortgage
Subject To Transactions | https://www.fortunebuilders.com/subject-to-real-estate
---Follow Katie & New Beginnings Title Company--- @newbeginningstitleco @katie_mcgenius Contact Katie: [email protected] | www.nbtfl.com ---Follow us--- https://linktr.ee/mylandtrustee @mylandtrustee @aspirelegalsolutionsHave a question you want answered on our next Ask Joe episode? Leave a comment below!
Subscribe: Don’t miss out on future episodes of our Trust This podcast —subscribe now! https://www.youtube.com/@MyLandTrustee?sub_confirmation=1
Unlock the power of land trusts to protect your assets and enhance your privacy with Land Trusts in Florida, 11th Edition by experts Mark Warda and Joe Seagle—get your copy now! https://mylandtrustee.com/book/
Next Trust This Newsletter Alert: Stay tuned for more valuable tips and updates! https://trustthis.beehiiv.com/subscribe
Protect what matters most—reach out today to explore our asset protection services including estate planning, trust creation, and business structuring. Visit us at https://aspirelegal.com
Previous Episode
Trust This. Leveling Up Your Investment Business - ft. Greg Bond
Greg Bond shares his journey from single-family homes to commercial properties, including the challenges and successes he encountered along the way. Greg is a successful commercial real estate investor and property management guru. He started out in his family’s map-making business. But when technology made paper maps obsolete, Greg learned how to educate himself on new ideas so he’s comfortable with taking risks. He started out in residential but he’s quickly shifted into industrial real estate, using 1031 exchanges and accelerated depreciation to maximize his return on investment. Greg shares insights and experiences from his real estate and property management career and what intrinsically has influenced his aspirations for a better life.
Resources Mentioned
Greg's Property Management Services https://www.tpmguys.com/
1031 Exchanges: https://www.irs.gov/pub/irs-news/fs-08-18.pdf
Sharper Business Solutions: https://sharperprocess.com/
Robert Kiyosaki: https://www.richdad.com/about/robert-t-kiyosaki
Dave Ramsey: https://www.ramseysolutions.com/
Central Florida Realty Association (CFRI): https://www.cfri.net/default.aspx
Get in touch with Greg Bond: [email protected] or [email protected]
---Follow Us---
@mylandtrustee @aspirelegalsolutions
https://linktr.ee/mylandtrustee
Have a question you want answered on our next Ask Joe episode? Leave a comment below!
Subscribe: Don’t miss out on future episodes of our Trust This podcast —subscribe now! https://www.youtube.com/@MyLandTrustee?sub_confirmation=1
Unlock the power of land trusts to protect your assets and enhance your privacy with Land Trusts in Florida, 11th Edition by experts Mark Warda and Joe Seagle—get your copy now! https://mylandtrustee.com/book/
Next Trust This Newsletter Alert: Stay tuned for more valuable tips and updates! https://trustthis.beehiiv.com/subscribe
Protect what matters most—reach out today to explore our asset protection services including estate planning, trust creation, and business structuring. Visit us at https://aspirelegal.com
Next Episode
Trust This. The Power of Partnerships - ft. Nick Johnston & Anderson Orjuela
In this conversation, Anderson and Nick discuss their journey as business partners and the strategies they have implemented to make their partnership successful. They talk about the importance of trust, communication, and complementary skill sets in their partnership. They also share their experiences in real estate investing and the lessons they have learned along the way. The conversation highlights the significance of having a clear vision, adapting to challenges, and building strong relationships in business. Overall, Anderson and Nick provide valuable insights into building and maintaining a successful partnership.
—Contact Nick & Anderson—
[email protected] | (904) 716-9526
—Follow us—
https://linktr.ee/mylandtrustee
@mylandtrustee @aspirelegalsolutions
Resources Mentioned
Rich Dad, Poor Dad by Robert T. Kiyosaki
Richest Man in Babylon by George S. Clayson
Twilight in the Dessert by Matthew R. Simmons|
51 Laws of Human Nature by Robert Green
Have a question you want answered on our next Ask Joe episode? Leave a comment below!
Subscribe: Don’t miss out on future episodes of our Trust This podcast —subscribe now! https://www.youtube.com/@MyLandTrustee?sub_confirmation=1
Unlock the power of land trusts to protect your assets and enhance your privacy with Land Trusts in Florida, 11th Edition by experts Mark Warda and Joe Seagle—get your copy now! https://mylandtrustee.com/book/
Next Trust This Newsletter Alert: Stay tuned for more valuable tips and updates! https://trustthis.beehiiv.com/subscribe
Protect what matters most—reach out today to explore our asset protection services including estate planning, trust creation, and business structuring. Visit us at https://aspirelegal.com
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