Moving to New York with job offer and visa
May 17th 2018, 2:25 pm
#16
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Re: Moving to New York with job offer and visa
Thanks Arathe, that's really useful. That 40X salary stuff is the first time I've heard of anything like that - that's crazy! Hopefully if not in Manhattan up in Westchester they won't be insisting on this, anyone know? My actual salary is way lower than stated - heavily reliant on commission but should end up quite a bit over $100k.
Is Zillow the best/only place to be looking for rentals?
Re tax I had a look on the website smartasset.com and it looks pretty much in-line with what you're saying - around 60 - 65% take home.
Is Zillow the best/only place to be looking for rentals?
Re tax I had a look on the website smartasset.com and it looks pretty much in-line with what you're saying - around 60 - 65% take home.
May 17th 2018, 2:30 pm
#18
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Re: Moving to New York with job offer and visa
Your post said "quite a bit over $100k", what that means is not clear. You also said 60-65% take home. I gave you the benefit of the doubt and said "circa $65k." AKA around 65% of $100k, which is $65k. 65k / 12 = ~$5400 per month
May 17th 2018, 2:42 pm
#19
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Re: Moving to New York with job offer and visa
Other places to look for rentals include Craig's List (but that's notorious for scams) and local Facebook groups (sometimes these are named after zipcodes, e.g. our principal FB group for Tarrytown and Sleepy Hollow is called "10591"). Or contact local realtors, although their inventory will mostly be on Zillow anyway.
May 17th 2018, 2:47 pm
#20
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Re: Moving to New York with job offer and visa
OK, hope you will be reporting your other income on your state & federal tax returns.
Your post said "quite a bit over $100k", what that means is not clear. You also said 60-65% take home. I gave you the benefit of the doubt and said "circa $65k." AKA around 65% of $100k, which is $65k. 65k / 12 = ~$5400 per month
Your post said "quite a bit over $100k", what that means is not clear. You also said 60-65% take home. I gave you the benefit of the doubt and said "circa $65k." AKA around 65% of $100k, which is $65k. 65k / 12 = ~$5400 per month
"Quite a bit over" is exactly that.
Suffice to say $65k net will not be my total income.
May 17th 2018, 2:49 pm
#21
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Re: Moving to New York with job offer and visa
Other places to look for rentals include Craig's List (but that's notorious for scams) and local Facebook groups (sometimes these are named after zipcodes, e.g. our principal FB group for Tarrytown and Sleepy Hollow is called "10591"). Or contact local realtors, although their inventory will mostly be on Zillow anyway.
I've been looking at Tarrytown and Sleepy Hollow a bit in the last couple of days. Both places look beaut.
Do you know if either place has the salary = 40x rental amount rule stated above?
May 17th 2018, 3:17 pm
#22
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Re: Moving to New York with job offer and visa
If you DM me your FB Id I’d be glad to add you to the 10591 group (it’s nominally “closed”).
May 18th 2018, 4:49 am
#23
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Re: Moving to New York with job offer and visa
I’d recommend streeteasy.com for rentals - it includes an option to search for “no fee”rentals which avoid the notorious NYC brokers fees.
If you just contact a couple of places that are listed on there in the areas you’re interested in the agents will tell you if the 40x rule applies - my guess is that it does but I don’t know.
If you just contact a couple of places that are listed on there in the areas you’re interested in the agents will tell you if the 40x rule applies - my guess is that it does but I don’t know.
