How much does my in...
 
Notifications
Clear all

How much does my income need to be to qualify?


Tenant4now
(@tenant4now)
New Member
Joined: 10 months ago
Posts: 1
Topic starter  

Do taxes count when dividing by 3 to figure out how much rent I can afford? I make 30K, do I just divide that by 3 or take my monthly after tax income and divide by 3?


TampaTen liked
Quote
TenantTag
(@tenanttagblog)
Member Admin
Joined: 1 year ago
Posts: 3
 

You use your gross monthly income which is before taxes. If you make $3K per month before taxes, then your rent target is $1K/month (=$3K/3).


ReplyQuote