Lease Options in TX, once and for all, legal or illegal?

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Real Estate Investing Forums | Real Estate Investing | Asset Protection, Legal and Contract Issues, Income Taxes, 1031 Exchanges (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, propertymanager, fadi) | Topic: Lease Options in TX, once and for all, legal or illegal?

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Topic: Lease Options in TX, once and for all, legal or illegal? (Read 329 times)

SLKInt09
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Posts: 24

Lease Options in TX, once and for all, legal or illegal?

« on: January 23, 2010, 09:18:47 PM »

I have read the bill on lease options in TX and read what a lot (most) investors online say, which is that they are basically illegal. However one investor I work with here in South TX uses them all the time and says dont worry about it.
What is the deal? Are they legal, illegal, in the gray/grey(whats the difference?) area
Thanks


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herbster
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Posts: 663

Re: Lease Options in TX, once and for all, legal or illegal?

« Reply #1 on: January 23, 2010, 11:25:38 PM »

Yes they are and I answered you on the BP site. Herbster


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Real Estate Investing Forums \| Real Estate Investing \| Asset Protection, Legal and Contract Issues, Income Taxes, 1031 Exchanges (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, propertymanager, fadi) \| Topic: Lease Options in TX, once and for all, legal or illegal?	« previous next »

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