Posted by Gene S Hou Tex on March 07, 2001 at 19:40:59:
I basically agree with Monique. However, just today I’ve been contemplating contracting some deals that I usually would be a little scared of to go “hard” on immediatly. For example, a low equity $400,000 home or a home with a bad location or floor plan. In lieu of an option agreement (easy to breach on) I thought I’d use the Texas R E contract & write it as an option. Then I would get a PERFDOT with a face value of the beginning equity in the deal. What do you think?