Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
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

Updated about 10 years ago on . Most recent reply

User Stats

9
Posts
1
Votes
Elias Marte
  • Brooklyn, NY
1
Votes |
9
Posts

Tenants don't make income requirements but have a Guarantor

Elias Marte
  • Brooklyn, NY
Posted

Hi! Everyone! I'm soo happy to have discovered this wonderful site! I'm a real estate agent and I'm helping managed or get good clients for my aunt. I'm somewhat an acting landlord on her behalf even though I ask her permission for everything. I found these nice tenants that are interested in the apartment. However they don't make a 40 times the rent the standardized income requirements in NYC. They really like the apartment and they passed my eyeball test. I checked their social media for anything negative or crazy. I'm a bit concern since they don't have the best jobs one works in restaurants and the other one is a actor. They have guarantors. The guarantors aren't tri state which I'm a bit concerned. Should I be concerned?

Most Popular Reply

User Stats

1,350
Posts
688
Votes
Linval T.
  • Investor
  • Bay Shore, NY
688
Votes |
1,350
Posts
Linval T.
  • Investor
  • Bay Shore, NY
Replied

Welcome to the BP community.

I picked up on your adjective, nice and hasten to warn you to do your due diligence.

The bottom line is that you must make this decision based on your head and not your heart.

On the other hand, you don't want to have your Aunt turn her wrath on you for miscalculation :-)

Good luck.

Loading replies...