Lease options in Texas

[Chris Mcdaniel]

Hello BP. Ok so I'm getting close on closing a deal on a rental. I've been reading and I'm hearing that in the state of Texas you an only do lease-options for 180 days. Anyone have any insight on this? Also if I can't do lease-option what other options would I have as a landlord to minimize my time being so-called bothered by a tenant. Thanks everyone

[Sam Craven]

putting 20% down on the house mean you own the home, you just have a mortgage.

Lease options are a minefield in texas and are in fact illegal past 6mo.

If you dont want to rent it out, your best bet is to owner finance it to someone else with a wrap.  But your debt cannot exceed their debt.  So if you have an 80k mortgage, they need to owe more than 80k to you.