Author: Tony Youngs

Doing Your Own Title Search by Tony Youngs When I first got into real estate, I started with foreclosures.  I would contact the owners to see if they wanted to sell. If they did, I would ask them how much they owed and they would usually show me the latest letter from the bank showing the balance and arrears.  Then I would ask them if they had any other liens on the property. They would usually say, not that I know of. Next, I would make an offer and set a closing date with an attorney or title company.  However,…

Let the Business Teach You by Tony Youngs When I first got into real estate, I chose to start with pre-foreclosures.  I learned that banks and lending institutions would auction houses off to the highest bidder at the courthouse steps in the county where the property was located. I also learned that you could buy these houses directly from the homeowner before the auction date, and thus help the homeowner have dignity, recoup some of their equity and keep a foreclosure off their credit report. Due to the fact that these homes usually need repairs and were less than perfect,…

Hard Money Vs Private Money by Tony Youngs I began my real estate career back in 1986 after I attended a seminar and purchased a home study system and then began to implement it. The course taught me how to find foreclosure properties in my county and then I would go out and look at the ones in my area. One time, I came upon a property that I thought was vacant, as it was in pretty bad shape.  While walking around the property, to my surprise, it turned out that it was not vacant and there was a lady…