Work with one or more portfolio lenders???

[Kyle Godbout]

Hi there. I have been working with the same portfolio lender for one year now. I have business loans on 8 sfr's. I was wondering what other investor opinions are on using one lender or multiple ones? I have developed a good relationship with my current lender. Should I strictly use them and row our relationship stronger or should I utilize several. Just curious as to what other portfolio lender users do. Thanks!

[Bryan O.]

@Kyle Godbout another consideration is if that bank/credit union decides they do not want to be in that space anymore. They aren't selling those loans off, so they may just not want to renew down the road. I think it is good to have another in your back pocket as risk mitigation.