My company purchases non performing loans from banks secured by commercial real estate with high equity.

The downside is also clear - more risk, less structure, and less formal training.I’m considering proposing a blended performance bonus instead of just the flat $10K.

The way to structure this is you are a general contractor and have a contract to perform specific task on the property.

Quote from @Richard Dickson: Hey everyone,Lately, I’ve been having a few conversations with note holders who are exploring exit options — either from performing or sub-performing notes.

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If its performing notes, fred and tracey are great to follow. they are also participating in the papertrail conference coming up in september where they are providing a ton of content on seller financing and performing notes. 

A taxpayer will be considered a real estate professional if (1) more than one-half of the total personal services the taxpayer performs in trades or businesses are performed in real property trades or businesses in which the taxpayer materially participates and (2) the taxpayer performs more than 750 hours of services during the tax year in real property trades or businesses in which the taxpayer materially participates.  

Given the extensive work relationship, I performed due diligence in the beginning and archived the information (personal residence, other family member info, business address, etc).

I am gearing up to purchase another investment property which has made me re-evaluate how my current one is performing. 

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