All Forum Posts by: Chris Bounds

You'll typically get polar opposite opinions, similar to Zillow. People will love them or hate them.

It really depends on your goals. I'm not sure what Redfin offers from a training platform. I've seen a few new agents go there and then hop around elsewhere. 

For training, you can't beat eXp's platform. Yes I'm bias. What other platform offers 50+ hours of live virtual training each week plus the new agent mentorship program.

KW has a big name for training too.

And then there are smaller local / regional brokers that can offer a lot of hands on support.

I'd go if I lived closer! 

Get it under contract and find a JV partner that can help with financing and experience.

Unsolicited advice, but consider the tax implications with this.

You may be able to take capital gains tax free from your personal residence.

If you rent it out for certain period of time that benefit goes away.

Consider taking the capital gains to buy separate rental property.

Either way, definitely use a PM or Realtor if it's your first rental to get the proper background checks, paperwork, and highest quality tenant.

Maybe try getting a secured LOC?

A better strategy next time is use a HML for acquisition then refinance Rate & Term (no cash out) immediately. That will keep your personal funds less exposed.

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