Say Yes and figure it out later. If you hesitate, you miss opportunity.

4 Nov 2022 · 0 min

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0:26

Steve D Valentine discusses options for a recently purchased house (bought "right around 440"). He outlines potential paths: perform cleanup and either offer a lease-option, list it for sale, or keep it as a rental for a year to take advantage of tax benefits (specifically enabling a 1031 exchange after a year). The segment emphasizes a proactive mindset: "Say yes, figure it out later."

Questions this video answers

"right around 440" (as stated by the speaker).

Able to do a 1031 exchange at the end of that year (as stated by the speaker).

There's three or four options that you can do when you buy a house. So this particular house, we bought it for right around 440, we're going to go through, do some cleanup on it, and then debate whether or not should we lease option it, we might just turn back around and put it on the market, or we might keep it as a rental for a year and see if the market still continues to increase, which again, is a tax benefit by keeping it for a year, because then we can 1031 exchange at the end of that year. So don't know yet. Say yes, figure it out later.