Thoughts on portfolio loan…..risky or smart?

[Alexander Williams]

Hello BP, I’m currently working on my first portfolio loan and have some questions. Here’s the scenario;

I'm doing a cash out refinance on two properties I currently own and purchasing two new properties all in one portfolio loan. I'm using the equity in the two properties that I own as down payment money for the two new properties. The bank will do 75% LTV for the current properties and requires 20% down on the new properties.

My question/concern is having four properties in one single loan. It makes it very clean cut for paying the mortgage and I’ll be saving on closing costs but is this putting too many eggs in one basket? I have no intentions on ever selling these properties as I’m young and in the building stage but I’m trying to look at this from all angles. If you’ve done this type of loan before what were your concerns?

For context all four properties are duplexes and are around 80-110k in value. They are close in proximity within 15min of each other(upstate NY).

Thanks!