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 almost 8 years ago,

User Stats

2
Posts
0
Votes
John Crawford DeBuys Freeman
  • Birmingham, AL
0
Votes |
2
Posts

Bad Credit Potentail Tenant

John Crawford DeBuys Freeman
  • Birmingham, AL
Posted

Just need some help with renting a house in a low income area. I've got a potential tenant that has a credit score of 563. They currently owe around $5,000 to various companies. They do make 3x rent as far as income and have a good rental history (However, they didn't make quite as much as they said). These things have been verified. I asked for a co-signer with good credit. However, the co-signer's credit is worst than theirs. I've heard varying opinions, some people say don't worry about bad credit in low income areas/some say you need to a little bit. I'm leaning towards rejection here unless they can find a co-signer with good credit. What would be a realistic credit score to consider "good credit" for low income areas and what is your opinion on this situation? Thanks for your help!

Loading replies...