Itching to Flip: The Ins and Outs of Investment Properties

Itching to Flip: The Ins and Outs of Investment Properties

Professional flippers will buy, fix and flip a property in 6 weeks – sometimes less. The fewer mortgage payments they have to make, the better. Thanks to the likes of HGTV, home renovation shows have the general population thinking that you can flip a home and make a profit at any time. Unfortunately, that’s just not true. There’s so much more to it than just buying a house, fixing it and flipping it. Continue reading »

My Debt to Income Ratio is Higher than 153%: But That’s Okay!
Debt Repayment / Personal Finance

My Debt to Income Ratio is Higher than 153%: But That’s Okay!

Experts will tell you your debt-to-income ratio is one of the best ways to gauge your financial position. The media often quotes the Bank of Canada saying Canadians are at dangerously high levels of debt at 153 per cent. But what does that mean? I’ve spent dinner parties arguing how to properly calculate debt to income ratios and how much is too much. There are many schools of thought on how to asses your financial health. Here are a few. Continue reading »

A Guide to Tipping

A Guide to Tipping

I really don’t like tipping. No, I don’t mind giving extra money to those who work hard. But tipping puts the onus on you to decide how much to top someone up, and that puts a lot of pressure on you as a consumer to not make a mistake. Pretty much every time I slip an extra buck or two to a cab driver, the food delivery guy or my hairdresser, I worry I’m doing it wrong. So time to do some digging and find out what’s appropriate, especially this time of year when we’re doing a whole lot more travelling, shopping, eating out and getting ourselves coiffed. Continue reading »