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 over 13 years ago, 06/21/2011

User Stats

683
Posts
190
Votes
Cheryl C.
  • Investor
  • Reston, VA
190
Votes |
683
Posts

How to "income qualify" a section 8 tenant?

Cheryl C.
  • Investor
  • Reston, VA
Posted

What ratio's do you LL's use to qualify a section 8 applicant? I have a prospective tenant with a voucher for $1,575 (the rent amount) and an SSDI income of $908/yr. This person also receives food stamps in an unknown amount.

It seems to me that they don't meet my income ratio's of about 35-40% (meaning that rent should not exceed 35-40% income). If you count the voucher as income, you have 1575 plus 908. About $2,480 in income. Is there a special consideration for section 8? They do not meet my criteria but I haven't had this issue before and don't want to run into any legal issues. They are being extremely persistant about leasing the place.

Loading replies...