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Updated over 5 years ago on . Most recent reply

Matt M.'s profile image
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Matt M.
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Matt M.
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General Landlording & Rental Properties

How many of you are strict with the 3x rent/salary?

Matt M.
  • Specialist
  • Easton, PA
Posted

Hi all,

I have just begun to try and stick with the 3x rent salary. Do you ever stray? I have a nice single mom applicant, works 30-35 hours/week at $17 hour, gets $400 month in child support and still isn’t close to 3x for a $975 month rental. What gives..?

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Bjorn Ahlblad
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Bjorn Ahlblad
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#5 Multi-Family and Apartment Investing Contributor
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  • Shelton, WA
Replied

Our only exception to 3x is retired people with huge investment accounts-we have a few of those.

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