While less than 10% of the mortgage industry offers 40-year mortgages, here's something to factor in: they often come in with a rate increase of 20-35 bps.Assume 35 bps.$300k mortgage at 7.25% (30-year): $2,046$300k mortgage at 7.6% (40-year): $1,996Technically, it lowers the monthly, but not by much once factoring in the rate adjustment.

Look for sponsors that have been in the real estate industry thru several economic and market cycles.

Remember, the right property manager is a gateway to industry insights and local networking opportunities, much like the valuable connections you're making here on Bigger Pockets.Wishing you success as you embark on this exciting journey.

It offers a great opportunity to learn the ins and outs of the industry while building a network. 

I grew up in the real estate industry watching my father raise money with a PPM for large multifamily value add projects and a developments.

It would make more sense to build with concrete or block and have tile or metal roofs than standard stick built with asphalt shingles .

Peniche also has a university and a fishing industry to provide alternative economic drives if tourism does take a hit.C.Supply constraints– Peniche is a peninsular!

I have been investing since 2008 and have purchased everything from single families and duplexes, to 250+ unit multifamily, to assisted living, to shopping centers, to industrial and more.

So you cannot just look at industry Cap rates alone unless you understand an operators abilities for higher yield on costs.BAM Capital is becoming an institutional investment company in multi-family Real Estate with Brokers.

We are currently preparing my real estate strategy, of course using the Bigger Pockets Strategy book, as a previous business owner in another industry, there’s a lot of good and refreshing information here in this Strategy book.