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270
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53
Votes
Westin Hudnall
  • Investor and Real Estate Agent
  • Maize, KS
53
Votes |
270
Posts

Would You Rent To Them ? Need advice quick !

Westin Hudnall
  • Investor and Real Estate Agent
  • Maize, KS
Posted

Rental amount $1175/month with $1000 deposit

Clients Financials : 

Husband - $2500/month before tax

Wife - $355/month in child support. Stay at home mom (they have 3 kids. Age 2, 6, and 8)

They own 2 vehicles (07 Chrysler 300 and new 2014 Durango)

Husband inherited land from a relative ; sold part of it to pay the 2 cars in cash so there are no car payments.

I need to make a decision in 24 hours :

Thanks everyone :)

Most Popular Reply

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8,666
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4,017
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Jon Klaus
  • Developer
  • Garland, TX
4,017
Votes |
8,666
Posts
Jon Klaus
  • Developer
  • Garland, TX
Replied

Not enough income. I want income of 3X rent, or better. 

How much in savings?

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