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All Forum Posts by: Tiara Murray

Tiara Murray has started 54 posts and replied 226 times.

Post: Tucson, Arizona

Tiara MurrayPosted
  • Investor
  • Detroit, MI
  • Posts 296
  • Votes 11

Hi John, I'm an investor in Michigan and Atlanta. Are you licensed in one of those states?

Post: How does partnerships between development firms work?

Tiara MurrayPosted
  • Investor
  • Detroit, MI
  • Posts 296
  • Votes 11

I see many firms partnering with each other to carry out developments. Is there a specific reason... other than sharing liability, and help with financing? Also, how are these partnerships structured? Who decides how the tasks are to be delegated? Is this a complicated form of business?

Post: How does the Developer get paid, and when?

Tiara MurrayPosted
  • Investor
  • Detroit, MI
  • Posts 296
  • Votes 11

Thanks Jon. Oh...nationwidepi, I am a wholesaler, for now. Becoming a developer is my ultimate goal, I am just in the forums learning more.

Post: How does the Developer get paid, and when?

Tiara MurrayPosted
  • Investor
  • Detroit, MI
  • Posts 296
  • Votes 11

Thanks Corey. Hey do you know of any case studies that are great to look at? Where can I find them?

Post: How does the Developer get paid, and when?

Tiara MurrayPosted
  • Investor
  • Detroit, MI
  • Posts 296
  • Votes 11

So what's that I read about him recieving management and construction fees during the construction process? And with a smaller development firm with no board of directors, how does a developer decide how much money he/she should recieve in salary?

Post: How does the Developer get paid, and when?

Tiara MurrayPosted
  • Investor
  • Detroit, MI
  • Posts 296
  • Votes 11

I had another quick question. I was wondering how else a developer gets paid from a real estate development, other than selling ownership. I was reading about Donald Trump and how he was paid management and construction fees to oversee the development. But how exactly does this work? Who cuts the check to Trump? For example... If I wanted to do a mixed use development in downtown chicago and I structured financing via bank loans and private investors, and I'm scheduled to break grown within one month... how exactly would I get paid during the contruction of the building? Also, since Trump is the CEO of his own company, does he just cut himself a check, or does his partners pay him?

Post: Would this be worth the risk?

Tiara MurrayPosted
  • Investor
  • Detroit, MI
  • Posts 296
  • Votes 11

hey tom, how does an investor go about getting a section 8 tenant, most importantly having their home inspected to make sure its section 8 ready

Post: Ok, I must admit, I am a bit terrified... please help

Tiara MurrayPosted
  • Investor
  • Detroit, MI
  • Posts 296
  • Votes 11

thanks matt

Post: What exactly is a quit claim deed?

Tiara MurrayPosted
  • Investor
  • Detroit, MI
  • Posts 296
  • Votes 11

I've seen it thrown around a few times but, I am not sure I fully understand what it is. Please enlighten me.

Post: Running the numbers - How low will they go (banks)

Tiara MurrayPosted
  • Investor
  • Detroit, MI
  • Posts 296
  • Votes 11

Good luck Shane, let us know how the negotiations go