Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 about 3 years ago,

User Stats

164
Posts
55
Votes
Mike Palmer
  • Utah
55
Votes |
164
Posts

Seasonal/summer student income

Mike Palmer
  • Utah
Posted

Hi all:

I have a tenant interested in a property and he is a student with a seasonal/summer job selling for a security company. He says he makes very good money (more than enough to qualify based on annual income), but it all comes in the 3-4 months over the summer. 

Just curious what is the best way to evaluate this? Should I average the seasonal income over 12 months and use that as the monthly income for qualifying? I don't know how well they budget money so I almost feel like this method is somewhat flawed. How else would you do it? Should I do that and then maybe require larger deposit or additional pre-paid rents? Or? 

Any other thoughts/ ideas on how to qualify this income?

Loading replies...