Joe: hello, it is Joe Crump. Welcome back to the video series, ‘QuestionsAnd answers’. This next query is from Mike Manahan. Mike’s from Missouri. He says, "How do you do your For rent Methodin North Carolina and Texas?" Joe: good, you are in Missouri so do it inMissouri. However, North Carolina and Texas — Texas hasits possess special little world and the way they do matters. I’ve had a few persons ask about Texas. So let me get into the Texas trouble for youhere, considering that it’s more restrictive than North Carolina; North Carolina’s no longer as restrictiveas Texas. Joe: Texas has new laws about a yearold, about rent options. They don’t hold you — they don’t outlaw leaseoptions. They simply make you do various disclosureif you’re doing hire choices. And that i consider that its disclosure that’s soonerous that it’s no longer valued at doing in Texas that way. Now, that’s only for hire choices that aremore than six months. So what I advocate that you just do is you do alease choice for six months and then you flip it right into a land contract.That land contract can final for a different sixmonths, at which time they are able to refinance the property. Absolutely, what i might do is another 12 monthsafter the rent alternative. Joe: So, within six months, in the event that they make theirpayments on time, then it gets converted right into a land contract for twelve months. A land contract then lasts for 365 days,and after that time, on a land contract, that you could refinance the mortgage instead than gettinga new purchased money mortgage for it, which makes it a little less difficult — the qualificationsare a little less and also you don’t need a down cost.It can be a much better method to finance a propertyto refinance than it is to do it as an usual purchase. Joe: So after 18 months, they’re able to buythat property. If they don’t, their contract expires andthen the property comes back to you. So that is the easiest option to do it in Texas,for my part. You could still promote it as a rent alternative,which is the way that we get essentially the most leads, and simply do a further structure. So that’s it. I’m hoping that helps..