how new is lease optioning?

NHinvestor · September 20, 2006, 10:08pm

Is this a new idea, or has it been around for a while?

kdhastedt · September 20, 2006, 10:36pm

It’s been around as long as I can remember but that’s only 30 years or so…

Keith

NHinvestor · September 20, 2006, 11:31pm

Is this a popular method? Are there any downsides? It looks like this is the place I’ll get started.

kdhastedt · September 20, 2006, 11:36pm

It’s relatively popular…

Downsides:

Keith

Dandyjim · September 21, 2006, 7:55pm

Keith,

Do you know off-hand in which states it is illegal? Thanks!

-Brian

kdhastedt · September 21, 2006, 8:47pm

It is illegal in Texas unless you own the property free and clear.

Keith

NHinvestor · September 21, 2006, 9:53pm

What is the DOSC?

NHinvestor · September 21, 2006, 9:58pm

I forgot about the acronym glossary and found that it means due on sale clause. How does it violate it?

kdhastedt · September 22, 2006, 1:51pm

Because you are attempting to transfer your title or interest in the property…

Keith