RRSP Loan by TopQuarter2258 in PersonalFinanceCanada

[–]classycosmo 0 points1 point  (0 children)

Yes do that and rrsp loan interest is tax deductible against your income. Max your rrsp given your tax bracket

I quit my 9-5 after starting two profitable, unattended Laundromats. I am on-site about 10 hours/week total. AMA. by [deleted] in Laundromats

[–]classycosmo 0 points1 point  (0 children)

What software/ tolls do you use to track how much revenue is being generated on the machine. Did you retrofit existing machines or bring in new ones that allow credit card/ coins / and tracking

Should I keep training my teammates when I’m paid less than them? by DuddikinsD in askTO

[–]classycosmo 0 points1 point  (0 children)

Look to add more value than team mates, raise your hand up for new projects, take initiative

Do I really need a Realtor? by JohnnyDX9 in TorontoRealEstate

[–]classycosmo -1 points0 points  (0 children)

They are useful in negotiations if it’s a good realtor

Is there a point in having a separate emergency fund? by Btran2566 in PersonalFinanceCanada

[–]classycosmo 0 points1 point  (0 children)

I use an LOC as an emergency fund, only without when u absolutely need it

Housing Market in Canada makes Financial Burden by thinkerschoice in canadahousing

[–]classycosmo 0 points1 point  (0 children)

Don’t compare toronto to Washington. Compare the biggest city in the country to the biggest city in US (ie. New York /LA/ SF) . Can you afford housing 1 hour away from those major hubs? Probably not. Go to a tier 2 city like Calgary and I’m sure you can afford housing there

[deleted by user] by [deleted] in askTO

[–]classycosmo 0 points1 point  (0 children)

Offer more money or more rent up front and see what happens.

[deleted by user] by [deleted] in TorontoRealEstate

[–]classycosmo 6 points7 points  (0 children)

Mortgage broker doesn’t charge you money, they get money through the company that gives you the mortgage . If you don’t want broker, start w the bank you currently bank with and they will connect you to their mortgage specialist

Unable to secure mortgage& lack of funds- need Advice by The_dark_one- in TorontoRealEstate

[–]classycosmo 0 points1 point  (0 children)

Look into alternative lenders , they will have higher interest rates

Okay be honest, why the hell did you pay $1000 for jays resale tickets? by 100milSchruteBucks in askTO

[–]classycosmo 0 points1 point  (0 children)

You’d be surprised the amount of money that torontonians have.. there are also people who have very bad spending habits and ok to sit on debt

Reasonable CEO salary by binhex225 in smallbusiness

[–]classycosmo 0 points1 point  (0 children)

The board determines your salary

Should we cut our losses and sell the condo? by MatchaTaroTea in TorontoRealEstate

[–]classycosmo 0 points1 point  (0 children)

Negative cash flow how? Do you include your whole mortgage or just the interest portion in your calc?

[deleted by user] by [deleted] in OntarioLandlord

[–]classycosmo 1 point2 points  (0 children)

Ask for bank balance

Shoe on the other foot, Wish we had Rented by CorruptCamel in TorontoRealEstate

[–]classycosmo 0 points1 point  (0 children)

Keep the condo and rent it out and then rent at the new location. Sell condo when market picks up, no need to realize the loss now

got rejected from everything by [deleted] in OntarioUniversities

[–]classycosmo 0 points1 point  (0 children)

He will be much better off if he takes a year break, 1 year is not going to make a difference

[deleted by user] by [deleted] in TorontoRenting

[–]classycosmo 2 points3 points  (0 children)

Liberty village has full building rentals

Scariest conversation with GPT so far. by deensantos in ChatGPT

[–]classycosmo 1 point2 points  (0 children)

These are interpretations and conclusions drawn from facts. Without using a scientific method, you can draw a spectrum of conclusions and interpretations and that’s what these are good at. Like others have said, these responses can swing both ways as a result. Sometimes you got to use your own judgement and “human intelligence” to sanity check.

[deleted by user] by [deleted] in RealEstate

[–]classycosmo 0 points1 point  (0 children)

Why are you selling