2 clients seeking 2 long term rental homes in Dallas Texas

[Dracy Campbell]

Good morning Bigger Pockets,

I have 2 clients in Dallas, Texas area interested in renting a home under a rent to own agreement. Their maximum rent is $1900/mo & $1800/mo and they would like to be moved by 4/15/21 and 6/1/21 respectively. I have found 6 properties that meet their criteria and I am looking for funding options for this situation. If you are interested in investing or have any information that would help us move forward please feel free to contact me so we can discuss more details to see if it makes sense and decide on the best strategy to seal these deals get them moved in their new home. Thank you for reading!

v/r,

Dracy

[Bruce Lynn]

For the most part we don't really do Rent to Own, Lease to Own, Lease Option or whatever you want to call it in Texas.

Most of the good real estate attorneys advise against this type of transaction.  It's just too hard for owners to follow the laws regarding this.  The legislature here basically outlawed about 10 years ago.   

If they're not ready to buy, then just have them lease as cheap as you can, bank up money until they are in a position to buy.