Hi my name is Lo woods.

TX has specific sections of Title 2 CH 5 TPC that apply to a LO longer than 180 days and less than 36 months. 

If you have a realtor or realtors, ask for referrals to mortgage brokers or LO's they use.

Tenant-Buyer can record the L/O as a deed the next day after signing without your permission. 

@Steve Vaughan so that means There has to be cash exchanged to start LO in order to make it legal?

It's worth 140k, I already have a potential L/O tenant for the property with $350 a month cashflow.Taking the difference of 140k - 96k x's 20% = $8800 assignment fee.Now if I do that after 6 months I've cashed out accordingly:7k = option consideration2,100 = 6x$350 cashflow8,800 = assignment17,900 = profit................not bad for an easy to execute strategy on a property I never took a mortgage on.I'm actually writing a chronological article named "The beginning of a Sub to deal" that I'll post here on BP once I close the deal, and it will be updated as soon as I wholesale the deal.

@Jerry Starkey 1st, I never take a deposit on a LO.

Zillow says it's worth fifty bazillion dollars" - there, now you're saying something a typical LO is used to.

I've talked to the neighbors, (got the former owner's entire life story) and I see no real issues cropping up with a motion to quiet the title, so I am going to tell my broker to offer him a L/O on the following terms: 1.)

I got home and looked at the site again and Lo, and Behold, it had been changed.Points of interest:1.