Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 7 years ago on . Most recent reply

User Stats

174
Posts
69
Votes
Peter K.
  • Real Estate Broker
  • Raleigh, NC
69
Votes |
174
Posts

Tenant application requirements? What would you do?

Peter K.
  • Real Estate Broker
  • Raleigh, NC
Posted

So I have two brothers that submitted an application for a property: one of them qualifies based on the requirement, the other does not, he makes about $1000 net a month when the minimum is somewhere around $2400 net monthly income, but combined they bring in enough to meet the minimum.

My question is, can the other brother who is qualified be a "co-signer" even if he is going to be living in the same place? Maybe I'm using the co-signer thing wrong here but what would you do and what are your recommendations? 

Most Popular Reply

User Stats

6,902
Posts
7,494
Votes
Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
7,494
Votes |
6,902
Posts
Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
Replied

the required monthly income is generally the combination of the legal adults on the lease 

Loading replies...