One Commercial Loan or Two HEL

[Sandra Roddy]

Currently, I have two small starter homes that are paid off. In order to expand my portfolio, I am looking to use their equity to purchase more properties. Going by the 70% LTV ratio, I will be able to pull out roughly about 100K. These homes are in great condition and will be kept indefinite.

From a financial standpoint, if the interest rate on both types of loans are even, would it be better off to just take out one loan since it would be less of a hassle?  Since some lenders have a maximum limit of ten loans, does this approach sound solid?