|
|
| *The Commerce Journal>>>Renting & Real Estate |
How much do I have to make a month? |
To afford a $795 rent in CA? I think it's about time to move out of my parents house..lol.. Minimum of $2650 take-home per month - your rent shouldn't be more than 30% of your income... About $2400 per month gross. Your rent should be no more than 30% of your gross income. Typically, you can afford a mortgage payment that is 28% of your gross Monthly income. Since rent is not tax deductible the percentage would be slightly lower. 25% of monthly Gross income. .25 divided by $795 = $3180 Your rent should be 30% of your income, but with inflation and stagnant salaries that's more of an ideal than reality. You would need to estimate what your total monthly expenses will be. Many landlords have their own income requirements that can range anywhere from 3 to 4 times the rent. |
| Tags |
| Germany Taxes Canada Taxes Australia Taxes Small Business Renting & Real Estate Personal Finance Investing Insurance |
| Related information |
not always, but these days loans without a down payment are only going to people with a spectacular credit score ...I work for a mortgage lender, not a broker. The only thing that you can do is use your gut, find somebody that you feel comfortable speaking with over the phone. I would recommend using a Nationa... In my area, most lenders will not loan for more than 75% - 80% of LTV, so you will need at least 20% down, maybe more, plus closing costs. I have a client with great credit looking at MHs, and... The developer can sell 2nd phase homes cheaper than he can 1st phase for any reason or no reason at all. Most of the time , he may be in an economic crunch, where he has to raise funds to keep goin... All states including California will allow a military man to break a lease. But it will not release anyone else that is on the lease. Including a spouse. ...Any agreement you make should be in writing and your lease agreement says the "rent can be adjusted reasonably depending on increases in costs for the landlord." Your landlord is asking y... Just remember, you get what you pay for. The cheapest apts are in the worst neighborhoods where crime is worse. If you are looking for the cheapest. Don't park a car there and buy a can... It's best to hire a reputable property management company that does full-service management. Interview and check their references. Check out their website to see if it is comprehensive, provid... |
Commerce Categories--Copyright/IP Policy--Contact Webmaster |