Skip to content
×
Pro Members Get Full Access
Succeed in real estate investing with proven toolkits that have helped thousands of aspiring and existing investors achieve financial freedom.
$0 TODAY
$32.50/month, billed annually after your 7-day trial.
Cancel anytime
Find the right properties and ace your analysis
Market Finder with key investor metrics for all US markets, plus a list of recommended markets.
Deal Finder with investor-focused filters and notifications for new properties
Unlimited access to 9+ rental analysis calculators and rent estimator tools
Off-market deal finding software from Invelo ($638 value)
Supercharge your network
Pro profile badge
Pro exclusive community forums and threads
Build your landlord command center
All-in-one property management software from RentRedi ($240 value)
Portfolio monitoring and accounting from Stessa
Lawyer-approved lease agreement packages for all 50-states ($4,950 value) *annual subscribers only
Shortcut the learning curve
Live Q&A sessions with experts
Webinar replay archive
50% off investing courses ($290 value)
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

User Stats

30
Posts
17
Votes
Drey S.
  • Rental Property Investor
  • California, CA
17
Votes |
30
Posts

Tenant with LOADS of Medical School Debt (payments deferred)

Drey S.
  • Rental Property Investor
  • California, CA
Posted Oct 27 2014, 12:14

Hi there,

We are currently screening for a 2/2.5 condo in Newport Beach at $2795 and I'm wondering about the co-signer on the property. 

Is it normal for a young Orthodontist to pull 20k/month but have almost 700k in student debt?  The 8-10 student loans are Sallie Mae - and most are deferred with $0 monthly payments, so his credit is actually 780.  I've never seen this much debt on an application, but I'm not sure if I'm overreacting.  He's co-signing for his mom who makes 8/k a month selling time shares (which seems unstable to me - but what do I know?)

Any ideas or insight would be nice to have.  Thank you in advance!

Loading replies...