Resident doctor with $370k in student loans
I have 2 younger resident doctors applying to rent one of my properties for $3k/mo rent. They are planning on opening a practice in the area. Currently both working at local hospital. Should I be scared of $370k student loans? I know doctors will make a significant income, but is this normal or a risk? Other than the high student loan debt these applicants are great.
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It's been over ten years since I finished my residency. Most medical residents makes 45-55k a year with a slight increase each year. Don't worry about the student loans because most physicians defer making payments until completion of residency. Just check their rental history and credit history. Hope this helps.