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Updated over 5 years ago on . Most recent reply
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How many of you are strict with the 3x rent/salary?
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
#5 Multi-Family and Apartment Investing Contributor
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Our only exception to 3x is retired people with huge investment accounts-we have a few of those.