Strategy for Seller to Sell and Re-buy??

[Lawan Brown]

Is there any type of strategy that works out for all parties in which the seller sells the property at a discount, the house is fixed and then resold to the owner to lease it to a tenant?

I have a seller who wants to build a duplex, but can't secure a construction to permanent loan due to COVID. So I'm wondering if the property can get into the hands of someone that can build it and then revert it back to the initial owner for a profit? The owner would get his investment property, and the flipper would get the buy-back profit.