? about texas (subject to)

General Real Estate Investing
1

Hello Everyone,

I got a possible deal in texas could someone shed some light on the new laws about lease options and lease purchase. My question is can I take a property subject to and then owner finance it to my buyer with out having any problems. If someone could help me I would appreciate it, I have to meet with the lady tomorrow and I need to have my exit tradegy in line.

Thanks,
Cleo

2

You may want to do saome searches on this topic as it has been discussed a lot in the last 6-9 months here.

Basically, unless you own the property free-n-clear, L/O’s are something to avoid in Texas. However, you can still sell the property and create your own note that wraps around the existing DOT.