Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

10
Posts
2
Votes
Sam DiNicola
2
Votes |
10
Posts

Minimum Income & Credit Score for Prospective Tenants

Sam DiNicola
Posted

Does everyone require prospective tenants have 3x the rent in monthly income / rent is no more than 30% of their monthly income? What is minimum credit score you look for in a B- neighborhood? For people with lower than your minimum credit score, do you still have them apply to see more detailed credit check and give them the option to pay larger deposit or something to help protect yourself? 

  • Sam DiNicola
  • Most Popular Reply

    User Stats

    181
    Posts
    295
    Votes
    Marcus R.
    • Real Estate Agent
    • Denver CO
    295
    Votes |
    181
    Posts
    Marcus R.
    • Real Estate Agent
    • Denver CO
    Replied

    We require a 670 Credit score.  No income requirements but we do go through their credit report in detail and ask questions as needed.  I think in theory income requirements can work but we all know people with high incomes who are still paycheck to paycheck. It's the behavior that's the problem, not the income. 

    Loading replies...