Silent, Seller, Flip

[Andrew Briones]

         So I haven't heard of this nor do I know if its typical or even possible.  Has anybody heard of somebody doing a deal where the seller agrees on documents to allow the buyer to flip a house while the property is still in the sellers name and profits are split? Basically it would work like this;  the distressed seller would agree to move into a rental  and the investor would take over payments for the agreed amount of time and finance the rehab  for the property.  Then, sell the property and split profits somewhat.  In a nutshell.  Im thinking about the hole, 50% of something is better than 100% of nothing quote. 

[Sonya Stovall]

@Andrew Briones check out this thread

http://www.biggerpockets.com/forums/67/topics/1790...

I think they covered this pretty good just recently...