The term does not include --(A) any officer or employee of a creditor while, in the name of the creditor, collecting debts for such creditor;(B) any person while acting as a debt collector for another person, both of whom are related by common ownership or affiliated by corporate control, if the person acting as a debt collector does so only for persons to whom it is so related or affiliated and if the principal business of such person is not the collection of debts;(C) any officer or employee of the United States or any State to the extent that collecting or attempting to collect any debt is in the performance of his official duties;(D) any person while serving or attempting to serve legal process on any other person in connection with the judicial enforcement of any debt;(E) any nonprofit organization which, at the request of consumers, performs bona fide consumer credit counseling and assists consumers in the liquidation of their debts by receiving payments from such consumers and distributing such amounts to creditors; and(F) any person collecting or attempting to collect any debt owed or due or asserted to be owed or due another to the extent such activity (i) is incidental to a bona fide fiduciary obligation or a bona fide escrow arrangement; (ii) concerns a debt which was originated by such person; (iii) concerns a debt which was not in default at the time it was obtained by such person; or (iv) concerns a debt obtained by such person as a secured party in a commercial credit transaction involving the creditor.(7) The term "location information" means a consumer's place of abode and his telephone number at such place, or his place of employment.(8) The term "State" means any State, territory, or possession of the United States, the District of Columbia, the Commonwealth of Puerto Rico, or any political subdivision of any of the foregoing.15 USC 1692b

There are many channels to obtaining properties.

Also if anyone has an idea how I can obtain financing with my little or no capital I will also like to learn how as well.

Assuming a judgment is obtained on such a suit, that judgment could then become a lien on this property if it is still in their name, which can then be sold to satisfy the judgment.  

The key to obtaining this type of financing is you must be dealing with a competent lender and they understand these rules for investors in the secondary market.

We have done 4 deals, during tax season I now send him my tax return and W2s so I have 1 less thing to send him when applying for a new loan, by doing this he can review my finance and give me a heads up if he foresee any issues in obtaining a loan.Nothing wrong in going to someone else if they give you a better deal but if you find someone that goes above and beyond and you have a history with it just makes things go easier..

Hi all -I'm about to obtain a credit card for my REI LLC. 

Steve:My business partner obtained this LOC in 2 weeks through a broker.Here are the details:Introduction to Line Of Credit:-Unsecured Line of Credit-Up to $50,000 approved.

This can be accomplished when buying purchase money notes at closing or shortly thereafter, when borrower information can be obtained.

The verification process may include, but shall not be limited to, questioning the person regarding his or her date and place of birth, and entry into the United States, and demanding documentation to indicate his or her legal status.(2) Notify the person of his or her apparent status as an alien who is present in the United States in violation of federal immigration laws and inform him or her that, apart from any criminal justice proceedings, he or she must either obtain legal status or leave the United States.(3) Notify the Attorney General of California and the United States Immigration and Naturalization Service of the apparent illegal status and provide any additional information that may be requested by any other public entity.