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A Wave of Zoning Law Changes Could Have Huge Impacts for Investors and Housing—Here’s What You Need to Know
The U.S. is facing a housing deficit of about 3.2 million units, and the situation is especially dire in urban areas like New York. It’s one of the reasons prospective homebuyers are finding […]
Do You Think It’s a Tough Time to Invest? It’s Not When You Can Get Deals Like This
Are you sitting on the sidelines in this market? Many investors are. There’s a lot of fear and caution. But we’re not. And you don’t need to be, either.  Of […]
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General Landlording & Rental Properties
HomeForumsGeneral Landlording & Rental PropertiesPotential Tenant with Large Inheritance, but no Income
Evan Williams's profile image
Evan Williams's profile image
Evan Williams
  • Rental Property Investor
  • from Denver, CO
  • Member since Feb 18, 2015
  • Posts 6
  • Votes 6
  • Experience 10 Yrs
  • Investments 2
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6
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6
Votes
Evan Williams's profile image
Evan Williams's profile image
Evan Williams
  • Rental Property Investor
  • from Denver, CO
  • Member since Feb 18, 2015
  • Posts 6
  • Votes 6
  • Experience 10 Yrs
  • Investments 2
Connect
Evan Williams
  • Rental Property Investor
  • Denver, CO
6
Votes |
6
Posts
General Landlording & Rental Properties

Potential Tenant with Large Inheritance, but no Income

Evan Williams
  • Rental Property Investor
  • Denver, CO
Posted Jan 10 2016, 10:30

I have an applicant for one of my properties who has no income, but a large amount of money in their name from an inheritance.

Everything else being equal, would you consider renting to someone in this situation? If so, what additional documentation would you ask for, and what additional precautions would you take?

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