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Updated about 10 years ago on . Most recent reply

User Stats

46
Posts
6
Votes
Octavia D.
  • Investor
  • Irving, TX
6
Votes |
46
Posts

Wholesale through subleasing in Texas

Octavia D.
  • Investor
  • Irving, TX
Posted

Regards to all the "illegal / legal" argument about wholesaling without a license, I also researched that if you wholesale a property by subleasing it to a "tenant-buyer" that it's legal because you are a principal in the deal. But thats also a problem since it mainly would be a lease option and in Texas is only allowed for 6 months. Can the seller just extend the lease option to me after the 6 months or should I just make sure the tenant-buyer has enough funds to purchase the property within that 6 month period.? and can I sublease a property if I'm already on an apartment lease? does the lease usually get recorded in the system or does it just get placed in a folder somewhere.

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