Refinance to Conventional or Portfolio Loan?

[James Letchford]

I'm coming to the end of my 'seasoning period' on my first BRRRR. Everything has gone very well so far. I.e., I have plenty of equity in the property to pull out my entire cash investment, and probably a little more. I'm looking to replicate as soon as I find another great deal.

Here is my question:  Should I refinance this property into another conventional mortgage or into a portfolio loan (if I can pull it off)?

A couple considerations:

• My family is considering a move in the near future, so I'd like to have any rental properties I own off of my credit and in a portfolio (possibly under my LLC).
• My rentals are a longer term play, so I don't necessarily need the cash flow from them in the immediate.
• I hope to leverage the portfolio I build into bigger moves.

Thanks in advance for any input.