I received wrong information from people in the Portugal RE industry before so I'm not super confident the person I talked to is correct I'm just trying to get more data points.In case it's useful for others these are some other bits of info I've learnedRefinancing is possible but it is more expensive than conventional (usually the spread is 1-2% higher) and it is necessary to explain to the bank what will be done with the money.It is not necessary to wait to own the property for a certain time to obtain mortgage credit.

If you’re looking to invest in your backyard, it helps to network with as many locals in the industry as you can.

In terms of strong markets, I tend to look at major industries in an area (hospitals, universities, military, etc.) because I want a large tenant pool.

A lot of your other mid-sized cities have similar risk profiles (dominated by a single industry or a handful of companies). 

So, they outsource their time to property managers, contractors, and advisors.

Hi my co-realtors, anyone here would like to have a conversation about your current challenges, experience,  and share knowledge about current Real Estate industry?

Here are the links to my complaints about Justin Wilmot:www.ripoffreport.com/report/justin-wilmot/ormond-beach-florida-scammed-1529005www.complaintsboard.com/freedom-moguls-real-estate-investing-program-c1854128Here are the links to complaints from other customers who were duped by him:www.ripoffreport.com/reports/10-hour-wholesaler/internet/10-hour-wholesaler-httpwwwprivatemoneyblueprintcom2013the-10-hour-wholesaler-justi-1156408www.ripoffreport.com/reports/mobilewholesalingcom/internet/mobilewholesalingcom-justin-wilmot-mobile-wholesaling-gave-me-a-refund-and-the-account-1383770Here are the links from a customer from BiggerPockets who was also duped by him:www.biggerpockets.com/forums/79/topics/821124-justin-wilmot-outsourced-flipwww.biggerpockets.com/forums/79/topics/131279-need-opinion-on-the-justin-wilmot-10-hour-wholesaling-course?

Hiding it somewhat was that it ebbed and flowed with the fortunes of the auto industry.  

Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.

Coming from oil and gas and healthcare, we’re new to this industry but driven by the same values that guide us in life: family, hard work, and dedication.