Real Estate Agent & Seller Flip partnership Strategy

[Joaquin Meraz]

Hello, 

I have a RE Lic.  and I was thinking of the following fix and flip strategy when I encounter a seller with a fixer upper:

• Instead of listing it at a discounted price, wholesaling or flipping it, offer to pay for the rehab out of my own pocket then listed at market/top dollar. I would get my commission plus money spent at closing.

The benefit to the seller is that he would get more money for the property without coming out of pocket to rehab it. The benefit to me is that I would I get the listing and earn a higher commission.

I would only do basic flip and on properties that i feel confident to move quick. My only concern is protecting myself from seller trying to take it off the market once rehabbed. 

Has anyone done this strategy? If so, how do you protect yourself? 

There is one company I came across that does what I am talking about http://realtyrehab.com/. I just want to do it as an agent and on a case by case basis.