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Off Topic : 1) When Does a software engineer start financial planning for retirement since the our Career span is only 15-20 years on average.
2) How much and which schemes to invest to mitigate the risk?
3) How much do we need for retirement? Tata Consultancy Infosys Mindtree IBM Wipro Capgemini Cognizant HCL Technologies
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For PwC fishes who left recently, how did you consolidate wealth builder into 401k within benefits express to avoid the 20% federal tax withholding that was described in the benefits package? I tried to do this online but it didn’t show as an option except to rollover to an existing IRA or take a final distribution. Do I need to call benefits express?
Yay!! The bowl now has 100+ fish.

Headhunter recommendations in London?
Windowless window seat

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Any Property Management recs in Seattle area? :(
Can I get a commercial loan without 25% down?
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Where are you looking that $50k is enough down?
Beach properties are getting destroyed in insurance. We sold a condo this year that had crazy insurance assessments last year and this year. Paid an extra $4000 in master insurance fees last year, $3000 for this year and expecting another assessment mid year.
SFH is a little different but also costs are going up for insurance.
Mentor
I have beach property that we use and rent out, but it required much more capital. No real insurance issues for me. We faired well when the flood maps were redone a couple years ago.
Subject Expert
What state are you planning to buy said property in? You typically need 25% down on an investment property, which means $50k will only get you a property around $175k (when including closing costs and such). Do you have any reserves on top of the $50k to cover expenses while you get ramped up? Does it cover furnishings? Those aren’t cheap…
Also, a lot of beach communities are increasing the requirements for operating a short term rental with permits, limits on capacity, neighbor notifications, noise ordinances, etc… on top of a lot of vacation communities seeing saturation and lowering occupancy rates.
There’s a different lending service for the leaders of the consulting firms.. very different conditions, clearly all favorable
All helpful posts. Sounds like i need to save up more cash. Probably a smaller townhouse a few blocks frrom beach in destin since i dont want to be tied to condo fees. 400-500k. Is 25% a lender requirement? Also yeah i have another 20k in my emergency fund and we typically save ~5k a month after expenses so can rebuild quickly once the property gets to breakeven.
Mentor
Mine were bought as second homes and required 20% down. Sometimes you can find a lender that does 10%. However you can’t factor rental income into your ability to qualify for the mortgage. You’d have to meet the debt to income ratio requirements without considering rental income.