For the front end ratio I use: Gross Monthly Income >= 3 x RentFor the back end ratio I use:  Rent + Monthly Debt Payments <= 45% x Gross Monthly IncomeIn this way, debt is considered in a consistent way in determining if the applicant can afford the rental.

Hi everyone, I am very new to Real Estate and willing to learn from the community. 

Hello BP Community,I’m looking to be mentored into becoming more knowledgeable about bank owned / foreclosed properties listed on Auction.com.

You still check references, past landlords etc (if applicable).

Greeting BP community,I have a unique scenario, the tenant that is renting from me moved his GF and her son into the condo.

He wrote a book about how he has done this with 3 homes already, and has built a community that has helped him accomplish this.

The daughter could be on deed for the other 25% as tenant in common.But what is most likely is that the lender will simply have her be a co-applicant on the loan but not have her take title to any of the property. 

I recommend a community bank close to the property, to include credit unions. 

You pay more for the community of the other 6-figure folks. 

Hello Bigger Pockets community,I find myself at a pivotal moment with my recently revamped duplex in Lakewood, and I'm turning to this community for your valuable insights.