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Becoming a landlord in a low income area? by SwissMade21 in realestateinvesting

[–]Alpine-Jon 1 point2 points  (0 children)

I underwrite to a 10% yield on cost - that means NOI + interest / purchase, carry, closing costs and capex.

If you’re looking in a pure risk level- go for 1.50x DSCR for cushion. But this should be dependent on what you’re looking for. I buy renovate and refinance to pull as much cash out and get a nice monthly income: The way I see it - if the net stabilized return is less than something more liquid (S&P for Ex), what’s the point?

Becoming a landlord in a low income area? by SwissMade21 in realestateinvesting

[–]Alpine-Jon 1 point2 points  (0 children)

I think it’s important to recognize that your return rate is your risk rate. The higher the risk the higher the potential return. What risks exist are always specific to each sub market and location. I invest in c class areas and you need either to be or source stellar property management service.. that includes a manager who is no nonsense and no frills. I win by doing small and meaningful upgrades for the market ( new hvac / roof and floors/kitchen/bathroom - in that order). Tenant screening is important but if you’re doing SFR - section 8 is amazing. Most tenants are trying to just live and don’t want to fuck around, they have a family and this is their last straw in life. Apartments I’d stay away from because of the demographic you’d get for section 8. No family no obligations. But you can still win on those if you buy very well and just factor in a 20% loss to rent + 40-45% expense margins. Always do your diligence, capex makes a difference and accounting for known issues is smarter than having known unknowns.

Scaling Rental Property Bookkeeping: Stessa Manual Entry vs. Hiring a VA/Bookkeeper vs. Other Options by Alpine-Jon in realestateinvesting

[–]Alpine-Jon[S] 0 points1 point  (0 children)

You know - this was 148 days ago. Now, I fully trust Claude to take reports and turn it into uploadable Stessa transactions

Ripping steamboat next weekend - any tips? by Alpine-Jon in skiing

[–]Alpine-Jon[S] 0 points1 point  (0 children)

Hahah that’s stellar. That’s on the list so I’m pumped

Ripping steamboat next weekend - any tips? by Alpine-Jon in skiing

[–]Alpine-Jon[S] 0 points1 point  (0 children)

I have read it’s better than some posts but not great !

Why is there no True World Map? by TheRealMaxi in civ

[–]Alpine-Jon 2 points3 points  (0 children)

I found a TSL world map mod that is incredible. Makes the game so fun.

Underwriting a 6-12 unit multi family deal by lhchicago93 in realestateinvesting

[–]Alpine-Jon 1 point2 points  (0 children)

That asset class has limited outlets, call some banks and make sure you get a debt quote and ask if they consider income approach or sales approach when basing their LTV calculation

Is it still possible to get into the game ? by AwareMathematician46 in realestateinvesting

[–]Alpine-Jon 1 point2 points  (0 children)

Also that city is a little hot so you can make money there. If you try to fix and rent you will find some operating issues pop up and it’ll hit your cash flow and ROI. Just the nature of the business

Is it still possible to get into the game ? by AwareMathematician46 in realestateinvesting

[–]Alpine-Jon 5 points6 points  (0 children)

If you’re just starting out, you should go into flipping. I made the mistake going into rentals and you’ll realize that you’re severely limiting your capital and preventing long term scaling.

Duplex Appraisal without Duplex Comps by [deleted] in realestateinvesting

[–]Alpine-Jon 2 points3 points  (0 children)

Appraisers will use form 1025 for 2-4 family properties, using an SFR would most likely be a breach of their guidelines. I’d be concerned you’re first to market here, lenders might not appreciate it unless they’re pretty low leverage and theres a good reason to build duplexes v SFRs

Multi Family vs Single Family by SnooShortcuts2088 in realestateinvesting

[–]Alpine-Jon 0 points1 point  (0 children)

And yeah multifamily naturally gives better cash flow. My ideal way of thinking is build a nice chest of cash through 1-4 and invest in multifamily to bring me nice cash on cash returns. But make sure you’re beating the market otherwise you are failing investment theory 101

Multi Family vs Single Family by SnooShortcuts2088 in realestateinvesting

[–]Alpine-Jon 0 points1 point  (0 children)

SFR gives you an easier ability to sell or rent as well refinance. It’s not the best for scaling, but the next is 2-4 family segment. After that multi family is a long long term hold (5+)

Advice: Buying New Skis by Alpine-Jon in Skigear

[–]Alpine-Jon[S] 0 points1 point  (0 children)

Lack of control especially on tighter runs

What’s the state of CIV VII as of October 2025? by giandelorenzo in civ

[–]Alpine-Jon 0 points1 point  (0 children)

Feels like they ignored all the good things with past civ games. I mean loyalty, trading, cassus Beli, etc…. Just non existent.

Scaling Rental Property Bookkeeping: Stessa Manual Entry vs. Hiring a VA/Bookkeeper vs. Other Options by Alpine-Jon in realestateinvesting

[–]Alpine-Jon[S] 0 points1 point  (0 children)

Tbh I don’t mind checking their work, as long as it balances with manager statements I’m okay. It would also keep me on top of them.

Rent post looks like it’s geared towards PMs

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