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Updated almost 10 years ago on . Most recent reply

Andy Kaye's profile image
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Andy Kaye
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  • from Long Beach, California
  • Member since Jul 24, 2014
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Andy Kaye's profile image
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Andy Kaye
  • Investor
  • from Long Beach, California
  • Member since Jul 24, 2014
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Andy Kaye
  • Investor
  • Long Beach, CA
12
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56
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General Landlording & Rental Properties

Rental house for $2400/mo. Minimum income requirement?

Andy Kaye
  • Investor
  • Long Beach, CA
Posted

Based on the 3x rule, should I be requiring their GROSS income to be $7200/mo? or their after-tax income should be $7200?

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Al Williamson
  • Rental Property Investor
  • from Sacramento, CA
  • Member since Nov 15, 2011
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Al Williamson
  • Rental Property Investor
  • from Sacramento, CA
  • Member since Nov 15, 2011
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Al Williamson
  • Rental Property Investor
  • Sacramento, CA
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Al Williamson
  • Rental Property Investor
  • Sacramento, CA
Replied

@Andy Kaye

 Learn from my pain - Do not waiver from this rule of thumb. Be nice, but take care of your family. Don't make any exceptions to the 3x rule.

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