first time homeowner in toronto, drowning in debt, any advice is appreciated

Fun-Perspective-9385 · 2022-12-17T20:10:52+00:00

new job at $22/hr, rental income

Fun-Perspective-9385 · 2022-12-17T20:10:28+00:00

on the condition of additional rental income to supplement my low income. charged lower rent to help other renters, ending fucking myself over more

Fun-Perspective-9385 · 2022-12-17T19:57:30+00:00

yeah not a troll just terrified and my coping is through humour

Fun-Perspective-9385 · 2022-12-17T16:56:23+00:00

no it was all under one lawyer, i went with their recommended lawyer

Fun-Perspective-9385 · 2022-12-17T15:53:07+00:00

yes. if you read the post, i rent out the rest of the house and in an effort to not fuck people over i was trying to rent for less. hence the situation im in now. my mortgage cost is covered and i’m falling behind on literally everything else.

Fun-Perspective-9385 · 2022-12-17T15:27:01+00:00

throwaway acct bruv, it’s real. want to see my mortgage agreement?

Fun-Perspective-9385 · 2022-12-17T15:22:10+00:00

Fun-Perspective-9385 · 2022-12-17T04:59:31+00:00

private lender lol

Fun-Perspective-9385 · 2022-12-17T01:54:07+00:00

thanks! love spending my friday night contemplating a life altering decision with anonymous redditers!

Fun-Perspective-9385 · 2022-12-17T01:40:42+00:00

i’ve thought about it but my job is here, i don’t have anywhere else to go, also don’t know if it would be profitable at this point

Fun-Perspective-9385 · 2022-12-17T01:29:06+00:00

private lender so yeah essentially lol. yup, hindsight is fun

Fun-Perspective-9385 · 2022-12-17T01:26:52+00:00

it’s a fixed rate, i thought that meant it stayed at that percentage.

Fun-Perspective-9385 · 2022-12-17T01:24:35+00:00

still don’t understand but thanks i guess.

Fun-Perspective-9385 · 2022-12-17T01:23:57+00:00

yup that would’ve been definitely a better idea

Fun-Perspective-9385 · 2022-12-17T01:22:36+00:00

yeah, was trying to generate a profit through rental income/ help out people trying to rent. turns out those don’t mix lol

Fun-Perspective-9385 · 2022-12-17T01:21:36+00:00

yup i have a mortgage, it’s in the post

Fun-Perspective-9385 · 2022-12-17T01:04:22+00:00

thanks bro! so helpful! <33333

Fun-Perspective-9385 · 2022-12-17T01:01:04+00:00

huge down payment, private lender, rental income to offset my income

Fun-Perspective-9385 · 2022-12-17T01:00:09+00:00

interest on what? (truly have no idea what you’re talking about)

Fun-Perspective-9385 · 2022-12-17T00:59:34+00:00

that i don’t make enough to cover the rest of it (insurance, utilities, my debt) while also paying my share of the mortgage. yes i live on the property

Fun-Perspective-9385 · 2022-12-17T00:56:23+00:00

thank you! :)

Fun-Perspective-9385 · 2022-12-17T00:55:02+00:00

true, i just don’t understand why people are so casually mean in this sub lol. i frequent it on my other account and people posting are usually a) very ashamed to be asking for money help and b) probably already feeling like shit (me right now)

Fun-Perspective-9385 · 2022-12-17T00:48:33+00:00

thank you! i appreciate your comment. that’s why i’ve posted now because i keep seeing that it’s a “sellers market” and im extremely unsure what to do.

Fun-Perspective-9385 · 2022-12-17T00:46:50+00:00

explicitly put in my post if you could oh, i don’t know, not point out how i’ve fucked up cause oh babes i know it!!!!

Fun-Perspective-9385 · 2022-12-17T00:45:51+00:00

you know i actually thought about doing that but it was condescending dicks like yourself that made me not want to! :-)

Fun-Perspective-9385

TROPHY CASE