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Updated over 1 year ago on . Most recent reply

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187
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Tina Lee
39
Votes |
187
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

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308
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308
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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

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