Looked into this a while back. I've been doing mileage and mattress runs forever. Mad Mike is correct. Every lender I spoke to does not accept CC payment so you'd have to use a third party workaround. If they do, then the CC company treats it like taking cash out of a bank machine.
As a side note - if you travel a lot and are into chasing points nothing beats a Marriott Amex card
There’s a lot of stuff you can’t CC . But the stuff you can? Yeah baby . I’ll take the points and the cash backs because it’s there . May change later but we are annually 140? plus on CCs , there’s a lot of points on that .
The big avenue to juice points is prescription drugs. As long as you have the discipline to submit the receipts, you can add tens of thousands to your cards cash flow without using your money.
Makes sense. Insurance companies are nasty but not stupid. I'll check with my daughter to see if she misunderstood or her friends have found a hidden tunnel to the vault.
Makes sense. Insurance companies are nasty but not stupid. I'll check with my daughter to see if she misunderstood or her friends have found a hidden tunnel to the vault.
Not all financial and ins companies are clear about the cost of paying with credit cards. The best way to know is to ask if there is a difference between annual and monthly payment.
My mom's getting all upset because she felt it was 'her' little spot in Wasaga that's now being bought up and developed and is no longer 'hers'.
Parents bought this place 25 (plus or minus) years ago for 75k. Now she doesn't want to sell because 'all the tax I'll have to pay'. I didn't want to tell her when they pass it'll have to be paid anyway as I've already discussed this issue of lack of planning in another thread.
Transferred my dads property into my sister and I's name while he was alive and we still had PoA. Avoided $20k in probate fees that way. By the time we sold the value was less then what it was worth when I took ownership. Can i claim a capital loss then? lol.
Transferred my dads property into my sister and I's name while he was alive and we still had PoA. Avoided $20k in probate fees that way. By the time we sold the value was less then what it was worth when I took ownership. Can i claim a capital loss then? lol.
We had to pay cap gains on my M-I-Ls place due to the selling price being $130K above the earlier appraisal. The calculated amount would be normally be applied to the estate but in your case it could offset some gains. An accountant would know.
Confusing the matter is IIRC losses can only be used to offset gains, not personal taxes.
Steve Nguyen runs two Airbnb units in a downtown Victoria apartment building, including one decorated and paying homage to the television show 'Friends.' He says he’s still reeling from the news he soon won't be able to operate it as a short-term rental since he doesn’t live there.
Steve Nguyen runs two Airbnb units in a downtown Victoria apartment building, including one decorated and paying homage to the television show 'Friends.' He says he’s still reeling from the news he soon won't be able to operate it as a short-term rental since he doesn’t live there.
Most "investors" seem to believe that their investments should only ever go up. They lose their minds when they are faced with the reality that investments can move in either direction.
Most "investors" seem to believe that their investments should only ever go up. They lose their minds when they are faced with the reality that investments can move in either direction.
I got a call from a colleague the other day to discuss an issue where he was called in to fix a problem with a new condo.
Unfortunately we agree the problem is realistically unfixable. A sub contractor put in inadequate power and the device will never work.
The replacement cost will be in the area of $150,000.
With the place being about a year and a half old there's a good chance some owners bought at peak and may have zero equity.
A special assessment means owners going to the already skittish bank and asking for more money.
Being new they haven't had time to build up a significant reserve fund.
Similarly they have no war chest to fight a legal battle they might not win.
Interest rates are not their friend.
Confusing the issue, another contractor is offering to modify the system to boost power by less than 10% for a fifth of the replacement cost but no guarantees of performance. They go from 50% power to 60% power.
Any work by an outside contractor could be grounds for the manufacturer and installing contractor to bail out of responsibility.
I don't know if contractor's insurance covers workmanship or corrupting the specifications. Is that fraud?
Some of the reasons I don't like new buildings. This is one issue. There may be more
I got a call from a colleague the other day to discuss an issue where he was called in to fix a problem with a new condo.
Unfortunately we agree the problem is realistically unfixable. A sub contractor put in inadequate power and the device will never work.
The replacement cost will be in the area of $150,000.
With the place being about a year and a half old there's a good chance some owners bought at peak and may have zero equity.
A special assessment means owners going to the already skittish bank and asking for more money.
Being new they haven't had time to build up a significant reserve fund.
Similarly they have no war chest to fight a legal battle they might not win.
Interest rates are not their friend.
Confusing the issue, another contractor is offering to modify the system to boost power by less than 10% for a fifth of the replacement cost but no guarantees of performance. They go from 50% power to 60% power.
Any work by an outside contractor could be grounds for the manufacturer and installing contractor to bail out of responsibility.
I don't know if contractor's insurance covers workmanship or corrupting the specifications. Is that fraud?
Some of the reasons I don't like new buildings. This is one issue. There may be more
It could get messy. First a bunch of condo money has to be spent on investigations by lawyers and engineers. They will probably be forced to mitigate damages by installing temporary measures. Then a long drawn out civil suit. Unless there are deep pockets among the residents they don't have enough condo money for a battle of attrition.
There's rumour that the builder has offered a big chunk of the coin if the condo accepts the responsibility to fix the problem themselves. If it was me I would take the money and run.
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