Though I would recommend to a new landlord to learn how to screen your own tenants, do your own evictions, collect rent, etc. before passing off the job to someone else.

Once both parties go to court the judge will decide if the home owner collects or the GC collects if the home owner wins the mechanics lien will be removed from the deed.

GC has agreed to walk properties to estimate costs with my on my first handful of deals)-Wholesalers (I have 2 that I trust thus far who collectively send ~5 deals per week, and am working on building my list of wholesaler contacts).I know the first project will be very learning, but I want my partner and I to be as prepared as possible on our first couple of flips to minimize risk of being blindsided.

Two to watch out for, cops and preachers, one can cause you to be put in hell, the puts you through it if you try to collect. :)

Collecting is a totally different animal and odds are very low.How much do you owe on this property??

It's a great way to get sued for wrongful foreclosure.Another aspect, stale notes that have not been actively administered with attempts for collections can be unenforceable if the holder abandons their rights, what you buy could be worthless so ensure some lender didn't just give up and walked away a year or more ago.Wrongful foreclosure issues are state specific, get an attorney's opinion before jumping in, the issue is in the public's eye more today with all the lending abuses compared to the old days when borrowers just walk away

To owner occupied borrowers, take them to a mortgage originator to originate, process and underwrite the agreement, then get a mortgage service to collect the payments, as you can't service or collect payments on a financing contract that has RE secured.

Some think that telling a seller they have a piece of junk and a buyer it's a castle have no concept of ethics or business thinking that collecting money is all there is to it, not by a long shot!

I am the realtor...Wanted to do this so I could market to wider investor audience.I will not collect a commission on the deal as the selling agent, however if the deal is brought through the MLS I will then be able to pay the commission to the agent of the investor....

Sign up with the credit bureaus or turn it over to a collection agency.Joe Gore