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I asked TCS for a salary renegotiation, they agreed and they sent the new salary breakup, But they are not sending the revised offer letter, Whenever I ask them they are saying it's in the clearance process you'll receive shortly.
But my date of joining is on Monday, HR is telling me to join & they'll send the updated offer letter within 7 days of my joining, can we trust these words, Has anyone faced a similar situation?Tata Consultancy
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I've worked at the same engineering firm for 4 years. I'm currently making $161k with only a $750 bonus, but excellent vacation (4 weeks, cash out anytime, rolls over indefinitely), 45 hours a week. I have an interview with a recruiter at Guidehouse this week for a Technical Project Manager role. It seems to be focused in the government space and requires a security clearance. What sort of salary and benefits could I expect for this sort of role at Guidehouse?
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I bought a $760k 2bd/ba condo on a $180k income last year. Probably at the threshold of comfort in terms of expense out of my paycheck. But hopefully my wife goes back to work next year after kiddo #2.
Don’t forget to factor in HOA and city taxes.
Your wife isn’t going back to work my man
Can you afford the mortgage completely on your own and still more or less survive? If yes then proceed with caution, if not then no.
I wouldn't make home purchasing decisions on anything other than your base salary - except for maybe a very steady side hustle. I always cringe when I hear people factoring in being able to rent out something. The suggested spend on housing is usually 25% - 35% of your take-home. Even at 35, though, think about his lifting that is and how much you could do if you used 10% of that.
How much of a down payment for you plan on putting?
When I bought my first house I rented out two bedrooms for extra income but I was next to a law school so slightly more mature renters and the house was only $215k and I made $100k at the time. Eventually I rented out the entire house but when you’re not living there it’s much harder to control its condition.
I guess I’d have to see the detailed math but how long do you plan to stay there? How much are you putting down? Could the entire house rent for the full cost of the mortgage taxes and interest if you decided to move out? I don’t know the LA market at all and the ability to get good renters - especially at the price you’d need to charge to make it work. Would be helpful if you shared those numbers.
Do you have a hefty down payment? Is the property you’re looking at under market value?
F
Buy a smaller house one that you can afford, going small will save you a ton of dollars now and forever. I live in a big house and use only the kitchen the living and my bedroom 80% of the time all other spaces are wasted.
I did something similar but in Chicago. I still own the property and rent out the whole thing now. I first rented out 2 bedrooms to acquaintances and then ultimately wasn’t there much so ended up renting out the whole place when my roommates moved out (it’s near a hospital so tends to rent to nurses or med students). I still own it, still rent it out. It covers its mortgage and costs.
That said, I wouldn’t do it unless you feel like you are in a strong rental area and it covers its total cost as a full rental and you have an exit strategy for when you don’t want roommates.
That’s 55%+ of your GROSS monthly income. No way...
Yeah you won’t get approved