Skip to content
Innovative Strategies

User Stats

2,953
Posts
2,581
Votes
Joe S.
Pro Member
  • Investor
  • San Antonio
2,581
Votes |
2,953
Posts

Anybody doing lease options in Texas still?

Joe S.
Pro Member
  • Investor
  • San Antonio
Posted May 5 2024, 20:32

So are least options still a thing in Texas? 

User Stats

1,081
Posts
908
Votes
Kyle Mccaw
Property Manager
  • Property Manager
  • Keller, TX
908
Votes |
1,081
Posts
Kyle Mccaw
Property Manager
  • Property Manager
  • Keller, TX
Replied May 6 2024, 12:44

@Joe S. 
If you choose to go down the lease option route be sure to hire an attorney that understand the very specific requirements need to be followed.
Several years ago, Texas revised its lease option laws in response to widespread misuse by landlords who collected substantial option fees from tenants unlikely to afford the purchase, only to evict them shortly thereafter.

  • Property Manager TX (#0562767)

McCaw Property Management Logo

User Stats

2,953
Posts
2,581
Votes
Joe S.
Pro Member
  • Investor
  • San Antonio
2,581
Votes |
2,953
Posts
Joe S.
Pro Member
  • Investor
  • San Antonio
Replied May 6 2024, 12:55
Quote from @Kyle Mccaw:

@Joe S. 
If you choose to go down the lease option route be sure to hire an attorney that understand the very specific requirements need to be followed.
Several years ago, Texas revised its lease option laws in response to widespread misuse by landlords who collected substantial option fees from tenants unlikely to afford the purchase, only to evict them shortly thereafter.


 Do you know any attorneys that are facilitating these kinds of transactions?

PropStream logo
PropStream
|
Sponsored
Nationwide property data Use our robust, multi-sourced data to find off-market properties and close your next deal.

User Stats

1,081
Posts
908
Votes
Kyle Mccaw
Property Manager
  • Property Manager
  • Keller, TX
908
Votes |
1,081
Posts
Kyle Mccaw
Property Manager
  • Property Manager
  • Keller, TX
Replied May 6 2024, 13:07

@Joe S. the attorneys I work with don't mess with them. Look for a new attorney desperate for business.

  • Property Manager TX (#0562767)

McCaw Property Management Logo

User Stats

2,953
Posts
2,581
Votes
Joe S.
Pro Member
  • Investor
  • San Antonio
2,581
Votes |
2,953
Posts
Joe S.
Pro Member
  • Investor
  • San Antonio
Replied May 6 2024, 14:03
Quote from @Kyle Mccaw:

@Joe S. the attorneys I work with don't mess with them. Look for a new attorney desperate for business.


 I was curious if they were still being used.
Thanks for your input.

User Stats

515
Posts
282
Votes
Shafi Noss
  • Washington, D.C.
282
Votes |
515
Posts
Shafi Noss
  • Washington, D.C.
Replied May 6 2024, 14:30

I echo Kyle's sentiment.