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All Forum Posts by: Account Closed

Account Closed has started 13 posts and replied 168 times.

Post: Help! pending Insurance cancellation due to 60 amp service.

Account ClosedPosted
  • Lexington, KY
  • Posts 169
  • Votes 77
Originally posted by @Alex P.:
You need to have your electrician do a load demand calculation on the apartments to see if your service is adequate. No one on here is going to be able to give you accurate information without a lot more info. It's not as simple as just adding up appliances.

 It actually is as simple as adding up built-in/permanent appliances (nameplate KW) and just knowing the sq footage of the apartments. It's the optional demand load calculation method (2014 NEC).

How many KW is the the baseboard heaters?

Assuming 600 sq ft apartments:

Lighting 1,800

Small Appliance 3,000

Refrigerator 1,400

Microwave 1,400

Stove 12,000

Heat 5,000 (assumed)

(A/C not calculated since smaller than heat)

(Assuming no disposals, exhaust fans, or other built in appliances.) 

Total: 24,600 x 16 = 393,600

Your demand factor would be 39% for 16 apartments.

393,600 x .39 = 153,504

153,504/ (assumed single phase 3 wire 240v service)= 639.6 amps not including your building meter. Note if you have 3 phase service this number will be lower.

You can calculate the buildings meter separately. Demand factor will differ.

This also assumes only one service run per apartment.

Just because you are upgrading the main panel from 60 to 100 amps does not mean you will be using more power.

Post: Raw land - how much per acre

Account ClosedPosted
  • Lexington, KY
  • Posts 169
  • Votes 77

Bump

I realize prices can be all over the place but I am just looking for examples of good deals some here have got on purchasing raw land.

Post: Help! pending Insurance cancellation due to 60 amp service.

Account ClosedPosted
  • Lexington, KY
  • Posts 169
  • Votes 77

If your electrical load remains the same (assuming it meets current code) you wont need to upgrade your main service. If you post what items you have running on electric (dishwashers, water heaters, stoves, etc.) It'd be easier to help.

Post: Raw land - how much per acre

Account ClosedPosted
  • Lexington, KY
  • Posts 169
  • Votes 77

Hi all,

I wanted to know what you typically pay per acre when purchasing raw land whether it's 10, 20, 50, 100, 300 acres etc.

Very important - please include what your land is zoned for and whether it is out in the country or within city limits.

I want to know what raw land is worth typically in areas that won't be developed for a long period of time and if buying near a city has any pros/cons.

All input is welcome.

Post: Purchasing raw land - how much per acre

Account ClosedPosted
  • Lexington, KY
  • Posts 169
  • Votes 77

Hi all,

I wanted to know what you typically pay per acre when purchasing raw land whether it's 10, 20, 50, 100, 300 acres etc. 

Very important - please include what your land is zoned for and whether it is out in the country or within city limits.

I want to know what raw land is worth typically in areas that won't be developed for a long period of time and if buying near a city has any pros/cons.

All input is welcome.

Post: Transition to Section 8

Account ClosedPosted
  • Lexington, KY
  • Posts 169
  • Votes 77

Have you contacted your local section 8 office? From what I understand they may not always pay the Fair Market Rent amount but can pay less. Maybe someone more familiar with Fair Market Rents will comment I may be mistaken.

Post: Property Management Rates

Account ClosedPosted
  • Lexington, KY
  • Posts 169
  • Votes 77

@Caleb Heimsoth

what do you think the pros/cons of having one person do all the work vs a company would be?

Post: Gadgets to attract millenial tenants

Account ClosedPosted
  • Lexington, KY
  • Posts 169
  • Votes 77

Other than the smart thermostats (depending on price) and paint schemes, I think everything else listed here would be a hassle. 

Check if any cable providers in your area are offering gigabit internet - that is a huge plus that will require no maintenance once upgraded.

Post: Applying For Credit Card?? Read This First

Account ClosedPosted
  • Lexington, KY
  • Posts 169
  • Votes 77

I believe the rule now is not to use over 10% of your credit, and two new credit cards can have a significant effect on your credit. That is 2 applications (on top of the mortgage application making it 3) and since they are new they are reducing your average credit line history by a decent amount depending on the total number of credit cards you already have.

Try paying off your card before the due date (assuming you pay it off completely) and how much you used won't show up.

Post: How to structure a deal that allows the seller to pay less taxes

Account ClosedPosted
  • Lexington, KY
  • Posts 169
  • Votes 77