A little conversation redirect here: this "method" as posed by the original poster has been thoroughly and utterly debunked.A quick analogy:I brush my teeth two minutes per cleaning.

They typically do a soft pull close to the closing date to ensure there are no new debts or significant changes in your credit profile.

Quote from @Account Closed: Hey guys,I have no experience but after looking at all my options I have come to a conclusion that my best move is to buy land and develop multi-family apartment building (15-20 unit) 2 story somewhere between Miami Jupiter.Budget for everything 3MDone with cash + 6% line of creditLooking for long term holdI would love to hear any insight on what areas I should look at, ballpark of build price (hard costs and soft costs) and would love to network with anyone in the area on this.ThanksIf you're looking to develop a 15-20 unit multifamily building with a $3M budget between Miami and Jupiter, there are a few key things to consider:Land Budget: Aim to keep land costs around 10% of your total budget.

I also reduced a lot of the soft expenses (office, accounting/legal).

Gullies, trees, brush, wet ground, etc.  

Many of these were part of our early access program and received information on the project before the webinar, but overall because people know we sell out right away they submit their soft commit, and then do their due diligence before wiring their money.

Soft Costs and Professional Fees - Could you share insights on budgeting for architects, engineers, project managers, and legal fees?

On that scale we have a range of properties in our portfolio, even though I have started to trade out properties from the lower end back in 2014/2015, and some cashflow a little better - however, when you look at the total financial picture there is a lot more than cash flow: obviously appreciation, but also principal pay down, turn over rate and soft factors like tenant quality and with that turnover cost.RE's primary superpower is equity, cash flow is secondary.

Quote from @Jonathan Greene: Quote from @James Hamling: Thing is @Jonathan Greene, your message, as true as it may be, comes across to a whole generation like that of the person giving away apples and tooth brushes for Halloween..... 

Banks do not tell you when they report your transactions as suspicious to the government.Many transactions over about $9500 ($10,000 is a soft cutoff.