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Innovative Strategies

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Joe S.
Pro Member
  • Investor
  • San Antonio
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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? 

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Kyle Mccaw
Agent
Property Manager
  • Property Manager
  • Keller, TX
909
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1,081
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Kyle Mccaw
Agent
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

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Joe S.
Pro Member
  • Investor
  • San Antonio
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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?

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User Stats

1,081
Posts
909
Votes
Kyle Mccaw
Agent
Property Manager
  • Property Manager
  • Keller, TX
909
Votes |
1,081
Posts
Kyle Mccaw
Agent
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

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Joe S.
Pro Member
  • Investor
  • San Antonio
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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.

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Shafi Noss
  • Washington, D.C.
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520
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Shafi Noss
  • Washington, D.C.
Replied May 6 2024, 14:30

I echo Kyle's sentiment.