All Forum Posts by: Robert Carpenter

As well there is a very good system called airtable.com 

@Dave Foster  Great to hear and thanks for the good news !

@Dave Foster Just wondered if you have a sense as to whether 1031 exchanges will   continue  to be permitted. 

Joshua I've been wondering the same thing.  I think of mezzanine debt as similar to a second mortgage on a house.  Its a loan smaller in amount than the first - but with a higher interest rate than the primary loan owing to its subordinate place in the 'stack'.  Hopefully someone who actually knows what he's talking about will be along soon to set the matter straight. 

Just found this informative site: http://www.pentamezz.com/about...

I got interested in this subject after listening to the great Mike Milken explain how he made his billions as an employee of Drexel Burnham back in the 1970s.  Milken conducted exhaustive research on companies - concluding that high yielding 2nd lien loans could in fact be a safe investment - in spite of the term 'junk bonds' they were branded with.

Hi @Guillermo ,

Hey I'm curious as to what sort of residential development your team will be  building.  Is it for single family homes ? Townhouses ?  

Hi Karam,

I'm a big fan of the townhome....provided they live up to the convenience and car centric lifestyle Americans now expect.  Here is plan for townhomes around a square which provide for ample parking, both in the driveway and the garage, and has generous proportions for open plan living: https://robertcarpentera.wixsi...

Is there someone who could recommend a mastermind group dedicated to the topic of South Florida SFR housing sub developments ? Any advice on this matter is greatly appreciated !

  Dang son, thats some kinda serious spanning.   Is that a 'cross laminated' beam ?  Must be 4 or 5 feet thick ? 

@Eric Teran  Thank you for that.  I feel like the takeaway is that the building owner needs to really get involved and stay involved from day one.  Trust your construction manager or owners rep but verify everything.   Follow the French legal schema of guilty until proven innocent rather than our own innocent until proven guilty.   If the owner  lives far from the construction site he should consider renting an RV and living at the job site so that he can hear when trades show up and clap eyes on what they are doing.  

Spanning 35 ft sounds pretty long and so if you want to span that far but without having the floor depth start to get out of hand it seems like you'd want to go to some sort of steel I beam.   I think there is a rule of thumb which says the beam depth in inches should be half whatever the beam length is in feet.   So for a span of 35 ft your looking at 35/2 inches of steel I beam depth.   The thing is when you go to steel beams you pretty much are going to want to support it with steel columns or masonry rather than wood.