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 5 years ago,

User Stats

3,930
Posts
3,340
Votes
Max T.
  • Investor
  • Philadelphia, PA
3,340
Votes |
3,930
Posts

Screening Question for multiple unrelated

Max T.
  • Investor
  • Philadelphia, PA
Posted

3 unrelated young adults, only a few years out of college.

One couple and their friend.

This is a 2 bedroom house.

Combined incomes are fine, but remove one from the total and they will be strapped for cash.

So I request cosigners. I get one from the friend's dad -  it is excellent.

But I really want one from a parent of the boyfriend or girlfriend. So I ask for it and get it.

But this one is not good. Background is fine but it shows a long history of not paying debts. Previous delinquencies written off as losses and one currently 6 months behind (large debt sum and large monthly payment). Needless to say I am not any more assured by this.

So I am asking for a 3rd cosigner from the last tenant. Is this crazy/over the top? 

Additional info: property is priced aggressively towards the top of the market based on its location and condition. I've had a lot of showings but this has been the only application so far. The neighborhood is very desirable but this house is on a small side street and it is nothing fancy. Previous tenants were there for 5 years, so the turnover was not the cheapest (full repaint, deep clean, various small repairs).

Loading replies...