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All Forum Posts by: Gary Houck

Gary Houck has started 5 posts and replied 30 times.

Post: insulation in old home

Gary HouckPosted
  • Engineer
  • Lexington, KY
  • Posts 31
  • Votes 7

I've removed all the plaster from an old home. Its clap board on the outside covered by aluminium siding. What's the best way to insulate the walls?

Post: low cost cash flow ppty - pls help me understand

Gary HouckPosted
  • Engineer
  • Lexington, KY
  • Posts 31
  • Votes 7

As a person who buys properties like you're talking about I thought I might interject. I bought a duplex for 14k that I live in and recently bought a sfh for 9k. I buy at these prices because I can afford it, it allows me to get in the real estate game and learn and at a very low cost point. Also, in my case I believe the neighborhood is in the processes of gentrification(appreciation).

Post: Buying Right of Redemption

Gary HouckPosted
  • Engineer
  • Lexington, KY
  • Posts 31
  • Votes 7

@Robert Adams , me too. I guess no one here has experience.

Post: Buying Right of Redemption

Gary HouckPosted
  • Engineer
  • Lexington, KY
  • Posts 31
  • Votes 7

Does anyone out there have experience buying the right of redemption from people that have had property sold at auction. Any advice on how to approach them? This is in KY if that helps.

Post: Electrical work in triplex

Gary HouckPosted
  • Engineer
  • Lexington, KY
  • Posts 31
  • Votes 7

While it might not be obvious why they require certain "convenience" receptacles, there is usually a reason. Take the requirement that there must be a receptacle within 25ft of an outside ac unit. Thats there because so many HVAC guys were splitting one leg of the 220 that feeds the HVAC unit to run their tools outside. Of course, they were dying in epic numbers. Hence, the requirement for a receptacle that might otherwise not make sense.

Moral of the story, don't skimp on safety.

Your answer is math. You need to calculate the load of all your lights when turned on. I'm assuming this doesn't include any convenience outlets in the hallways. That is that we are talking about strictly lighting load. Once this is done you will know what your peak kw will be. Then get the rates for the utility and see if the increased cost of the demand meter will lower your overall bill. Its not that hard to do.

I just looked and pseg is a publicly regulated utility. Which means, what they charge you is dictated by public officials.

Post: Buying a new computer. Windows 7 OR 8

Gary HouckPosted
  • Engineer
  • Lexington, KY
  • Posts 31
  • Votes 7

Linux. Break the shackles.

Post: Tankless Electric Water Heaters?

Gary HouckPosted
  • Engineer
  • Lexington, KY
  • Posts 31
  • Votes 7

I work for an electric utility as an engineer. Every customer that I have come in contact with that has an electric hot water heater has had them removed. We charge them extra on their bill every month for an excess facility charge(you end up having to install a larger transformer) to account for the large intermittent load.

Post: Trafficmaster Allure Ultra Wood Vinyl Planks

Gary HouckPosted
  • Engineer
  • Lexington, KY
  • Posts 31
  • Votes 7

I have used the Allure Vinyl plank flooring in two rentals. One a condo on plywood subfloor. It went down ok and looked nice, but in less that a year there are scratches and a burn spot where candle wax got on it(tile would have shown nothing and is easy to replace just one tile). The second unit is on concrete subfloor, again went down nice, but is scratched up in places. I plan on using tile now for rental flooring, just as cheap, if you install it yourself. Always open to new ideas.

Post: 10 WAYS TO BUY AN INVESTMENT PROPERTY WITH NO MONEY DOWN

Gary HouckPosted
  • Engineer
  • Lexington, KY
  • Posts 31
  • Votes 7

@Kyle J. , I own a duplex outright. I'm interested in how you got the mortgage on your place. What kind of mortgage was it, residential or commercial, and what where the terms, ect, ect ?