Potential tenant wants to buy the house. What are my options?

[Charles Jessup]

Hi Biggerpockets community,

I'm trying to rent out my house (Houston area) for the first time, and I had a potential tenant contact me who's moving in from out of town and wants to rent before buying a house soon, maybe my house.  

What are my options here?

I don't really want to rent to someone who's going to move out in 4-6 months because of vacancy costs.  I'd be willing to sell if the offer was good, but they can't buy right now.  I've heard of lease-options, but I've also heard they're difficult to execute in Texas.  I think there's a way to to a delayed sale, but I'm not sure how that would work.  

If you were in my situation, what would you do?

[Brian Gibbons]

Originally posted by @Charles Jessup:

Hi Biggerpockets community,

I'm trying to rent out my house (Houston area) for the first time, and I had a potential tenant contact me who's moving in from out of town and wants to rent before buying a house soon, maybe my house.  

What are my options here?

I don't really want to rent to someone who's going to move out in 4-6 months because of vacancy costs.  I'd be willing to sell if the offer was good, but they can't buy right now.  I've heard of lease-options, but I've also heard they're difficult to execute in Texas.  I think there's a way to to a delayed sale, but I'm not sure how that would work.  

If you were in my situation, what would you do?

 You are in Texas, watch out for Lease w Options.

See www.LoneStarLandLaw.com

Think of a lease with Right of First Refusal in TX (ROFR).