Texas Sub2ers, Do You Wrap Or Lease Option As Exit Strategy?
My understanding is that contract for deed is very difficult in Texas. As such, the other viable options are wraps and lease options. I understand that in a wrap you deed the property to the buyer in the beginning which requires a foreclosure to remove them if need be but the upside is that you can require a larger down payment. In a lease option, the down is less, but you can evict instead of foreclose. Any thoughts from the Texan investors?
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