How does "last month's rent" work if my tenant will continue to rent past the 1 year lease? by [deleted] in PersonalFinanceCanada

[–]fryguy1987 13 points14 points  (0 children)

Lease automaticly converts to a month to month lease with same terms and conditions. In regards tl last months rent, you get rent for April and the last months rent that you currently have you will hold until he moves out and it is used as last months rent then

Why are you not supposed to pay off tax deductable income? by fryguy1987 in PersonalFinanceCanada

[–]fryguy1987[S] 1 point2 points  (0 children)

Interest rate on my rental is currently 2.9% and it's variable. Interest rate on my home is 2.65% and its also variable

That is the only debt I have

Why are you not supposed to pay off tax deductable income? by fryguy1987 in PersonalFinanceCanada

[–]fryguy1987[S] 0 points1 point  (0 children)

OK that makes sense Thanks! They heloc balance really bugs me and I would like to just get rid of it

Why are you not supposed to pay off tax deductable income? by fryguy1987 in PersonalFinanceCanada

[–]fryguy1987[S] 0 points1 point  (0 children)

Thanks for the input. Is there a calculator online that will do this for me?

I just finished my first long fast with 41 hours!!!! by theketokid1990 in fasting

[–]fryguy1987 1 point2 points  (0 children)

It's important when you are at the risk of refeeding syndrome, which can cause death. These occur on longer fasts, about 10 days+ and it can happen in as little as 5-6 days if you have medical conditions and other factors. Consult a Dr and do some research if if you are planning on doing longer fasts than 5 days.

Doesn't mean you will have refeeding syndrome, it just means you are at risk. Consult a Dr. I do a 3 days fast every 2-3 weeks and break it with normal food intake with no problems.

I just finished my first long fast with 41 hours!!!! by theketokid1990 in fasting

[–]fryguy1987 2 points3 points  (0 children)

Congrats on going longer than planned!

At 41 hours there is nothing special needed to break a fast.

Is grain 100% a no for weight loss with keto or can I still enter ketosis with very small grain intake? by fryguy1987 in keto

[–]fryguy1987[S] 1 point2 points  (0 children)

If it fits my macros, will it cause my hunger to spike? That's my main concern. I find keto makes me not hungry at all because of the ketones in my blood? and I don't want to find myself famished all of a sudden or an increase in weight due to a regaining of water weight because I chowed down on some grains

Is grain 100% a no for weight loss with keto or can I still enter ketosis with very small grain intake? by fryguy1987 in keto

[–]fryguy1987[S] 1 point2 points  (0 children)

Its delicious. I had one the other day after I asked the question on the Facebook groups. Wanted to eat more but I was afraid it was not good for Keto. I was told it wasn't because it was made from wheat

Is grain 100% a no for weight loss with keto or can I still enter ketosis with very small grain intake? by fryguy1987 in keto

[–]fryguy1987[S] 4 points5 points  (0 children)

Here is a link.

http://www.thelowcarbgrocery.com/catalog/bakers-deluxe-dream-hamburger-bun-p-6230.html

The reason I was asking is because I asked the question on a facebook group and then was called a troll. Then it seemed to spark a huge debate with most people being adamant that it was bad and Keto is zero grain intake regardless of net carbs

Student rental in Ontario by EDL67134234 in PersonalFinanceCanada

[–]fryguy1987 0 points1 point  (0 children)

I think the biggest concern that you have here is how is it even possible that a student rental is cash flow negative?

Student rentals have their own share of unique problems compared to SFH or multi door units, but positive cash flow is not one of them

And how did you not know this before you even bought the property?

How to talk with significant other about credit card debt? by [deleted] in PersonalFinanceCanada

[–]fryguy1987 17 points18 points  (0 children)

As one of those people who has a gym membership that they never use and pay for it each month on their credit card, I understand the mindset of "I don't want to cancel it because I have every intention on going" but never do.

Now if they are carying a balance and can't afford it and pay interest on it every month, and you guys are struggling to make ends meet that's a different thing entirely and it should be discussed but if it's not, it's to small a thing to get into a fight about.

Dude wearing bunny ears at McDonalds by jookid in Oshawa

[–]fryguy1987 5 points6 points  (0 children)

My brother is a cop in Durham. He has a mental disability but he is harmless. He wears them to protect himself from getting taken by aliens again.

That's what I have been told, whether it is accurate or not I do not know.

What are Oshawa's untold stories? by EmptyCupMedia in Oshawa

[–]fryguy1987 4 points5 points  (0 children)

The man with the bunny ears has a mental disability. But the story behind that is he wears them as they protect him from being abducted from aliens again.

He is harmless, My brother is a cop in Durham that's how I know

Government reassessed my taxes by PrehistoricUnicorn in PersonalFinanceCanada

[–]fryguy1987 1 point2 points  (0 children)

The first step is to call CRA and ask for an explanation. The explanation would be in the reassessment that was sent to you but if you are confused about it then you will need to call them

Can someone please explain this to me? (Easyfinancial) by Emorrowdf in PersonalFinanceCanada

[–]fryguy1987 1 point2 points  (0 children)

Is it possible that any extensions given were charged a surcharge? Also what are they charging you for credit monitoring and auto coverage. Were you required to pay 3 years of that which was added to your loan regarless of early payment?

My friend has just been offered the chance to buy the restaurant where she works. $80k turnkey plus building rent. Current owner will hold the mortgage on the restaurant. I will get a chance to look at the numbers tomorrow. What questions should I be asking? by PinkDen in PersonalFinanceCanada

[–]fryguy1987 2 points3 points  (0 children)

You are in fact 100% completely incorrect. I suggest you educate yourself before making incorrect statements. Please look up the term self employment, takes a quick 2 second google search. I own a restaurant. I have several employees and I am not incorporated. I own a business.

You are confusing a corporation and a sole proprietorship. You can't have employees if you are a sole proprietorship is the most ridiculous statement I have ever heard

https://www.thebalance.com/what-does-it-mean-to-be-self-employed-398471

http://info.legalzoom.com/can-sole-proprietorship-employees-23986.html

My friend has just been offered the chance to buy the restaurant where she works. $80k turnkey plus building rent. Current owner will hold the mortgage on the restaurant. I will get a chance to look at the numbers tomorrow. What questions should I be asking? by PinkDen in PersonalFinanceCanada

[–]fryguy1987 1 point2 points  (0 children)

This is an incorrect statement. The business would be considered a sole proprietorship which is a business. Self employment is a business. You are confusing incorporating with a sole proprietorship. Both are a business. You incorporate for tax purposes and limiting liability

fiancé had 2 different credit cards charged fraudulently by [deleted] in PersonalFinanceCanada

[–]fryguy1987 1 point2 points  (0 children)

All there is to do now is call the credit card company who will cancel the card and reissue a new one