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Updated over 8 years ago on . Most recent reply

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251
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290
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Paul Bowers
  • Real Estate Investor
  • Macedon, NY
290
Votes |
251
Posts

How to apply the 3x rent rule of thumb

Paul Bowers
  • Real Estate Investor
  • Macedon, NY
Posted

I maybe renting a SRF to three friends.  I will make each of them sign the lease but was wondering if you would expect each to meet three times the total rent or only three times their share?

Most Popular Reply

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160
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74
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Katherine S.
  • Investor
  • Grosse Pointe Shores, MI
74
Votes |
160
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Katherine S.
  • Investor
  • Grosse Pointe Shores, MI
Replied

If all three could qualify individually, they wouldn't be living together.

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