Contractor for low cost per sqaure

[Jonathan Wooten]

hey guys,

I work at bank and I had a client come in. He had roughly 100k in his checking and I asked what he did. He was a contractor and we started talking more. He said he built a 40 unit complex for 65-70 per square after everything. Amazed, I asked if that cost was standard for his builds and he said yes. so I can build houses, townhomes complexes etc for 70 a square(if this is true)

Does this sound fishy? hes been doing it for 23 years, but I want to make sure I have something to bring to my investor before I start prominsing 70 a square prices....

Thanks!