in a stick frame market and one of the cheapest markets to build we build with margin at $190 or so a square foot. that will go up over time about 5% or 10% a year to keep up with new build price increases. we are buidling a 3 story walk up and source some of the lowest priced crews.

For those who’ve used it, what strategies or sources have worked best for you when covering the difference between your loan and the total project cost?

Used $20k from a partner and the rest I sourced along the way.

Sounds like this is a private money lender or a hard money lender.If you are getting funds from another source and relying on that to close, you should not put in the purchase agreement that you are buying with cash.

I started this company because I want to be a source for people and be that stepping stone for people who want a better life.

Or you want to spent the time, effort, and money to try and self-source an off market deal here.  

Some things to look at are what is the job source for your tenants?

Is one better over the other or do you just get the data from the source directly (gov pages)?

@Jay Fayz Do you have a source of regular income? 

Right now, you have to be able to source off market properties or be willing to force cash flow with large down payments.