Rent to buy is what i would like to do

Asked by, San Antonio, TX Wed Nov 30, 2011

Are there any rent to buy homes around in this area ? I and a friend would need a home with an attached garage and 2 bedrooms

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Don Tepper’s answer
Don Tepper, Agent, Burke, VA
Wed Nov 30, 2011
You really can't do a rent-to-buy (technically, a lease-option) in Texas. It's legal in the other 49 states, but the restrictions in Texas are such that it really doesn't/can't work.

There is an alternate structure involving Illinois-style land trusts that will work. See or e-mail me.

I wrote a blog on how to find lease-options. It's at Again, though, lease-options won't work properly in Texas. But you can use this technique to find willing sellers, and then you use a land trust instead.

Hope that helps.
1 vote
BHHS- Don Jo…, Agent, San Antonio, TX
Tue Dec 13, 2011
it is possible in Texas with work arounds, but not advised. Owner financing is your best bet in my opinion.
0 votes
Jim Simms, Mortgage Broker Or Lender, Louisville, KY
Wed Nov 30, 2011
The reason most people seek this type of transaction is because they are not eligible from a mortgage from a traditional lender. Any work around to side step the mortgage underwriting guidelines shifts the risk from the lender to your side of the ledger, greatly increasing the odds of disaster. The guidelines are actually fairly liberal despite what most people believe. I have linked below some info on rent to own, but there are several other topics on my blog that may protect you. I hope my observations keep you away from harm, good luck.
0 votes
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