Portfolio Loan or Individual Refinances on BRRRR?

[Kevin Christensen]

Hey BP!

I got my first investment property in March of this year. Since then I have been grinding my tail off to scale. I just closed on my 11th and 12th properties on back to back days. I have 7 rentals, 1 AirBnb and 4 in progress at the moment. I've acquired them with Sub2, Conventional Loans and Hard Money.

My question is, should I refinance them into one large portfolio loan around 4% interest? Or refinance them individually?

I have spent around $170k of my own money so far. I have just over $2.3mm in real estate with just above $900k in equity. They are all single family homes. This cash-out is really going to spring board my plans. My goal was 8 properties by Jan. 2020. I’m at 12. I’d like to hit 30 by the end of 2020. What is the best strategy to do these refi’s?

Thanks for all of your advice. My market is Delaware.