Isn’t Wraparound Mortgage financing the same as Lease Option?
I live in Texas and i’ve recently learned that Lease Options here are just more of a head ache and not ideal as a strategy for someone who’s just getting started in real estate. In doing my research i ran across what’s called a Wraparound Mortgage, which IS allowed in Texas and apparently the laws are more leniently towards. However, it seems to be very similar, if not, the same a Lease Option. Can someone help with differentiate the two?