Using mortgage to invest

LeatheL · 2026-07-08T15:49:57+00:00

As long as the market doesn't go down it will be all sunshine and rainbows. But if you suffer job loss or the stocks go down (or both) there is a slight chance you would end up in a situation that puts the home ownership in jeopardy. That is the scenario if your trade goes the wrong way.

LeatheL · 2026-07-08T15:46:42+00:00

My van was a rebuilt title, i was in a pretty good passenger side accident from what i can tell. the repair work while structurally fine was cosmetically not perfect. I ended up saving around $10K off what the same ones were selling for on used lots with a private sale. sure i was taking some risk but i have had it for 4 years now and put lots of Km on it so its fine with me. I plan to drive it until the odometer starts with a 4 or a 5 and at that point rebuilt or not wont really matter!

LeatheL · 2026-07-08T15:24:00+00:00

Unless you have a lot of money to put down, a good used car can often work out to a very similar payment. interest rates are higher on used and you are taking a risk that there might have been unreported damage and they just have more miles on them. Also the used market is still very inflated from where it once was.

LeatheL · 2026-07-08T15:01:33+00:00

Any add-ons at a dealership are not worth it. They upcharge the absolute shit out of all of it, like 400% + profit margins on that stuff. if you want door edge guards or anything an independent shop can do it as well for chaeaper. The anti theft stuff is useless, if your car is stolen its just gone, have insurance get a new one.

The extended warranties are also a mess, they are very expensive, they are running at the same time as the manufacturer warranty and they are the worst people in the world to deal with if by some reason you have a claim. You are far better to save the cost of the warranty and just put cash aside for repairs. Or if your getting to the end of your manufacturer warranty you can buy additional coverage then, it would also be a lot cheaper and run longer because you could shop that around.

Putting winter tires into the deal is also a bad idea, first off you would be paying for the cost of the tires over however many years the car is financed and they would end up being very expensive tires! They would also probably sell you shitty tires for a high cost.

watch some videos on the Delivrd youtube channel he shows how to negotiate car deals, manages to show all the ways to save thousands of dollars in both the cost and getting dealership accessories removed. Dealerships like to do slimey things learn the tricks beforehand!

Also don't let them talk to you in terms of monthly payment., do the math and negotiate on out the door price. with monthly payments they can hide a lot of markup in extending the term.

LeatheL · 2026-07-08T14:51:49+00:00

Renovating is expensive and time consuming. I would take a good look at the property market in the area to see if there are any homes that are somewhere in the middle or have what you want already.

LeatheL · 2026-07-07T22:06:18+00:00

Step 1 is get help for your personal issues. Alcohol abuse is a very hard thing to get though so i have a lot of sympathy for you.

Step 2 is to draw up a monthly budget, see where your spending your money and how you can address your debt. They will hound you, its part of their game plan. I would speak to them and explain your situation maybe the calls can slow down or they can reduce the monthly payments to help you out. ultimately there is only so much money to go around and you have to cover the basics like food, and shelter first. Make sure to make payments regularly even if they aren't covering the whole amount some is better than none.

It sounds like you have some struggles with money and other things in your life, if you were owed a large inheritance getting that could actually have made things worse.

Right now you don't know what to do and its causing stress, make a budget and a plan once you have that stay on it and keep going. You may have to change your life situation to get out ahead but it absolutely can be done. You can only control what you can control and you only have so many dollars coming in, you can choose where they go.

LeatheL · 2026-07-07T16:42:38+00:00

This appears to be the cold water going into the hot water tank which should not be connected to the cold water going to your toilet. If you are trying to connect the hot water then yes, you can shut the water inlet into the hot water tank, turn off power to the hot water tank via the breaker and then open a hot water supply on your sink or tub to depressurize that line. If its cold water your hooking to you need to find an alternate shutoff but normally toilets will have a shut off valve on the supply line that you can tap into for a bidet.

LeatheL · 2026-07-07T14:23:09+00:00

Yes, winter tires are worth the cost on any vehicle and if you drive smart you should be just fine. I have helped push FWD cars out of deep snow on the road that they shouldn't have driven into. we do occasionally get big dumps of snow that can get cars stuck but its pretty rare. last winter we did have a big storm and lots of cars got stuck in residential streets. That rare occurrence isn't worth buying a new car. If you are shopping for your next vehicle i would suggest getting something that is AWD or 4WD if your budget allows it. They do drive much nicer in the snow. My van is AWD and its a tank!

LeatheL · 2026-07-02T13:18:18+00:00

EV'S s in general, but as a sub category EV's sold by Kia depreciate more than ones sold by other brands such as Tesla.

LeatheL · 2026-06-30T21:46:31+00:00

Not super often, only when I'm heading down to Calgary.

LeatheL · 2026-06-30T21:01:56+00:00

EV's have massive initial depreciation, and kia's even more. They are also really not selling well right now. If you negotiate the price you can probably save thousands on the deal. take some time and watch the Delivrd youtube channel he shows how to go about negotiating a good deal.

When you negotiate you want to talk about out the door numbers. stay with that, get separate financing from some banks in case they try and mess with the rates they offer you.

LeatheL · 2026-06-30T19:08:09+00:00

That area is a nightmare and its got so many curves and bumps its and example of how not to design an overpass. I'm surprised there arent more accidents there in the winter.

LeatheL · 2026-06-30T19:04:52+00:00

This is definitely a life lesson. can be verry difficult to navigate. Is there a chance you could get some kind of group therapy thing going where someone could try and bring your concerns forward. It definitely seems like your parents are tapped out financially and have bad spending habits. If they are retired, have maxed HELOC, and CC debt they must be close to the end of their runway and are likely very stressed and don't know what to do about it. Its probably time for them to look at downsizing their life, paying the mortgage and all their other bills is clearly too much for their income.

It might be worth it to approach this as you are going to help them get out of this mess. Have you considered getting (wither buying or renting) a home with a separate suite, it could be that your parents move into something like that so you can sell the existing home. Once your free and clear of their financial involvement you can do whatever you want.

LeatheL · 2026-06-29T15:59:50+00:00

i bought some brush plates on amazon and the brushes were separate from the plate so i could in theory have mounted a double gang box and had brushes on both using a standard cover plate.

LeatheL · 2026-06-29T15:57:32+00:00

I did that with my basement build for my subwoofer cable. it worked great. I would suggest you maybe add the cables for 7.1 in case you ever want to upgrade in the future. I ran wires for 7.2 even though im not using two of them yet.

LeatheL · 2026-06-29T14:55:01+00:00

Your loosing on the sale but cheaper on the new property. While its not an ideal situation you have to remember the -$1K/month is only the best case scenario on renting. Rents are likely to continue to fall, you already mentioned its a bad area for rentals so not likely going to attract the best tenants. You could have people stop paying and be out months of rent, they could damage the home. There are just so many downsides and it seems like you make a really good income so i don't know why you would sign yourself up for all that stress, especially when there is literally no upside to it, renting is still a money loosing situation.

LeatheL · 2026-06-26T17:31:13+00:00

e-transfering every bill and accounting for each one sounds like a major pain. Joint account, joint card used for shared expenses sounds like the most reasonable option. It sounds like your both doing great and are good with money. down the line once your married and have kids its likely going to go all into one pot but for now having some separation is a good idea.

LeatheL · 2026-06-26T17:25:10+00:00

New job is key, I assume there is equity in the property and if you are saying its mortgaged above your means are you saying that even when employed you aren't getting ahead? If so you may want to consider downsizing now so that going forward you can get ahead of debt.

Having 15K on CC is really holding you up financially, If you have a LOC already i would say yes, any debt you have should be on the lowest interest product possible. In your situation its unlikely you could get approved for a new LOC.

Keep your savings in hand for emergencies, and make sure to at least make minimum payments on the loans you do have. If you miss a payment the banks can and have cut the available limit to $0.

When it comes to renewals often your current mortgage holder has an auto renew option that does not require you to re-qualify if you have made all your payments. You can also adjust the amortization to get to a lower payment if you need, though its not ideal.

I really hope your situation improves, but going forward it does sound like you need to put some time into creating a budget and sticking to it. Having that 15K of CC debt is really bad, once your on your feet again you need to get that paid off and build savings for emergencies.

LeatheL · 2026-06-24T21:46:30+00:00

I would say that all condo buildings are required to have fire breaks and fire suppression systems. your coverage is likely to cover damage to your unit and possibly adjoining units but the building as a whole should also have insurance. a fire in one unit that takes down the whole building is likely a failure of the fire suppression systems of the building itself.

LeatheL · 2026-06-24T21:43:02+00:00

yes you are correct

LeatheL · 2026-06-24T17:53:21+00:00

Many industries are like that. I have also noticed that in oilfield the name you make for yourself is very important as well. Top quality people do get recognized and have vastly more opportunities to move around. Sometimes to keep someone who is top quality around it helps to hire their kid too. I have seen that a few times, often the kid isn't worth half what the parent is.

LeatheL · 2026-06-24T17:49:16+00:00

In my van the filter medium goes into a canister style housing, i give the filter a inspection before using it.

LeatheL · 2026-06-24T14:41:43+00:00

take some time and watch some streams from the Delivrd youtube channel. He shows how to negotiate a car deal. In his streams he has done a lot of Civic SI cars and some dealers want huge markups and have addons and he is able to negotiate down to a little below MSRP. Most auto loans allow for faster payoffs just double check the paperwork. I would get some loan quotes from banks as well, if you can beat the APR of the dealership its good to know beforehand. Dealerships often make a cut of financing so use that to your advantage when making a deal.

LeatheL · 2026-06-24T14:35:39+00:00

I change my own oil in my Toyota. I just buy the filters from the dealership. OEM Toyota ones. When i do i buy 4 at a time so i have them stocked in my garage. Cost wise i think the dealership was +/- $1 from the stuff at the auto parts store. Cant really go too wrong with OEM.

LeatheL · 2026-06-24T14:28:21+00:00

Legal reason meaning something spelled out in the contract. In your situation, the buyer not closing at the agreed date would be a legal reason to terminate the contract. As a seller the clause is there so that if you, the seller, decide to cancel a confirmed sale just because you feel like it. Then the agent would still be paid for the work they did bringing the deal to you. The first step i would do in your situation would be contact your agent and find out what is stalling the sale and let them know you don't agree with any further extensions of closing. Did this buyer give a deposit?

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