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

178
Posts
38
Votes
Tina Lee
38
Votes |
178
Posts

Not enough money on bank to pay deposit n 1st month rent but

Tina Lee
Posted

Hi all,

I have an application pending. Good credit score. But bank ending balance for her and her boy friend is about $200 each.

The deposit and rent she has to pay will be about $2800, I ask how she is going to pay she say she has cash on the site. Because she has an student bank account she can’t have more than 1000 on the bank.

What do you guys take on that?

Red flag? They both have a job but pay is about 2.5 of the rent.

Thank you

Most Popular Reply

User Stats

308
Posts
308
Votes
Tim J.
  • Investor
  • Vermont and New York
308
Votes |
308
Posts
Tim J.
  • Investor
  • Vermont and New York
Replied
The "1000 max in a 'student' account" in bank is an absolute lie.  Not worth pursuing them.

The only way I would consider it is if they had parents co-sign/guarantors on the lease

Loading replies...