I have been looking at homes in pawtucket,Rhode island for its relatively close distance and much cheaper prices. 

I pay my lender 2 pts and 12% because its cheaper than splitting the deal.

Any way to make your debt cheaper is a good thing.

@Dan Mackinthanks for responding to my message......some of the things that appeal to me back home in Nigeria is buy-build - hold ,investment in raw lands for capital appreciation and also taking advantage of the cheap housing scheme by the federal government,with the aim of providing cheaper housing for workers ... but because  am not home its difficult to start that now. today i was searching online and making calls to mortgage banks to see if i can use them to finance deals but the conditions are not favorable, 20% interest rate and tenor of 5 to 10 years.And as for DAMAC, the job involves getting investors to invest in there off plan projects and also getting investors to buying hotel apartments ,which damac can manage for them and pay them there ROI on the properties yearly.THANK YOU

@Ashley Parker  I like Darrell's response  its about deals and deal flow not how cheap you can get the capital.. you need experience then the cheaper capital will come to you.I see so many people just wallow doing nothing because the are trying to find that grandmother that will loan at 5%.. and the deals just pass them up.

"So, I from the cost per sqt of $150 then I am not sure it's cheaper than the conventional build unless I am missing something.

I did a free trial with Hospitable a few months ago - I liked it and it does have a cheaper price point than Guesty.

However, the potential for long term growth and the rents to purchase price ratio seems much better than the Bay Area (and much less risky than being a economically depressed place like Stockton where prices are much cheaper).Anyone have any experience or thoughts about these areas of Sacramento?

That said, finding our own deals and using cheaper money is a big short term objective to make our deals more profitable, which means finding portfolio lenders and private money.

If they take a look elsewhere and they find your property is nicer and cheaper than the competition they will never move.