Texas Investors Help Renters to Know How Much Home they can Afford

As investors, we might have renters or owners who are "renting to own" so the information in this article we found should be of interest to us; and to them. If you have renters who are looking to qualify for a loan to purchase your property or people who are considering renting from you with an option to purchase this info is good too. 

I recommend having a newsletter which you send to your renters monthly, bimonthly or every 3 months and include tips and articles such as this published by CNBC. You could simply paraphrase a bit, highlight the main points etc. and lead them to the main article to read if they are interested further. 



Here's the article: 

Here's how to figure out how much home you can afford

As for monthly payments, "according to the Federal Housing Association, a good rule of thumb is that most people can afford to spend 29 percent of their gross income on housing expenses — as much as 41 percent if they have no debt," Bach explains in his book, "The Automatic Millionaire."

Read more. 

Here's a FREE PDF book summary of Bach's The Automatic Millionaire. 

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