My husband and I own 6 two families in Rochester NY. We are interested in buying more. We do not have cash for another down payment. Our portfolio value is $800,883 and we have $488,111 in debt. What kind of refinancing could we get? Commercial? Residential HELOC?

Hi @Elizabeth Knapp Pantaleo , get in touch w/Adam Smith at CNB. I just met with him last week for the same purpose. He can cover your options, but CNB does residential portfolio refi loans (i.e. they hold them in house.) They can put 5 of those duplexes in a single loan, saving you on closing costs. Terms are 3-year balloon (interest rate resets every 3 years) with a 25-year amortization but a 30-year amortization might be on the table. 80% LTV. Boom.

@Elizabeth Knapp Pantaleo bundle loan would be propbably the best solution, with the line of credit against the properties. I would not suggest going for 3 years loan, but strongly suggest going for longer terms (7-10 year min). 

You could also get a HELOC on the property that have the largest equity. Small local banks or Credit Unions would be happy to help you with that.

bundle it with a portfolio lender, or sell it all as a package and 1031 the proceeds into a multifamily deal eh ehm.. what id do