Should I refi into a portfolio loan?

[Naema N.]

Hi Everyone, looking for some advice. I still consider myself a rookie, so looking for advice from you experienced investors.

We are using the BRRRR method in attempting to build up our portfolio. We have 2 properties that were refinance almost a year ago, both have ppp but the value on both have increased over the last year. We are ready to refi a third property and was considering a portfolio loan to get more out of the properties to use for a fourth property we are about to close on in a few weeks. My hesitation is the ppp, it's giving away money.

What do you guys think? Should I just refi the 3rd property into a single rental loan or do the portfolio loan with all 3 properties in an effort to get more money for other deals?

Any advice would be greatly appreciated.

Thanks