My brother and I are considering investing in a vacation mountain house. Thinking is that our budget is around $400K, 10% down, approx a $2K/mo loan payment. My wife and I would go in 66%. And my brother would go in 34%, since I make a higher income than him. This would serve as both a weekend getaway for us, and ideally an Airbnb rental when we are not using it. Any advice here such as: sources we should read up on, if we should start an LLC to buy this property, any other considerations?
If as a manager you are thinking about cola you are wasting time on wrong questions. Cola becomes 0 for senior M/latest by you become AP. You should worry more about your bonus
No base salary change but there is a COLA adjustment added for HCOL cities like NYC. It is a smaller amount at higher levels / salaries though.
I had received the offer letter but there was no mention of COLA or base salary change, hence, the question. Thanks.
It phases out completely at some point in the M level so you might be there already