At it's basic level:Assumption: Asking the bank to turn the loan over to you and going through the normal underwriting process, credit, income, DTI ratio etc SubTo: Taking over the loan without telling the bank, no underwriting, no credit check, no income verificationBoth have risks, but it's not my intent to be detailed in this post.

We make the DSCR loan process super simple.

I experience the poor processing and unprofessional work they do.

The differences between most software is subtle and may be how they bill for their service, support their product, or the process to use those features.

I've done a lot of value add as well so that helped speed up the process.

I am wondering if anyone is El Paso is doing the same thing that could help guide me in this process since I am a complete rookie as an investor. 

We have a 28 unit hotel we're currently working thru the process on.

If you would like to avoid that process, then you can either close with a portfolio loan or DSCR, and just vest title in your LLC from the beginning @Lau Cor. 

Even on conventional renovation loans, most lenders and borrowers still use Certified 203k Contractors b/c the guidelines/timelines/rules/processes are almost identical. 

Hi everyone,I’m exploring options to refinance a multifamily apartment property and would love insights from those who’ve recently navigated this process.