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Updated over 2 years ago on . Most recent reply

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Qui Van
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7
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Finding renters that makes 3X income to rent

Qui Van
Posted

Going back to "rule of thumb" I hear a lot is having a renter that makes 3x the rent.  Living in south Florida where rent is already high, is it realistic to find a renter that makes this much?  What are some other ways of screening renters if they don't meat this checkmark when most Americans are living paycheck to paycheck?  Thanks.

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286
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Adam Bartling
  • Lender
  • Rosenberg, TX
130
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286
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Adam Bartling
  • Lender
  • Rosenberg, TX
Replied

3x is and ideal, but if all renters made 3x rent 50%+ would buy a home.  Just verify background 

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