FIX AND FLIP WITHOUT BUYING

[Manuel Reglat]

Hi,

Does anyone know about the possibility of rehabing a house without owning it?

My point is finding a homeowner that is trying to sell his house with difficulty because his house needs repairs and he doesnt have the time nor the money to fix it! Instead of buying his house, fix it and sell it which generates a lot of closing and holding cost, what if i could agree with him to rehab his house, take care of selling it and make a profit without actually owning it!!

Is it doable? What are the risk (if he doesn t want to sell anymore for exemple) and how can i protect myself ? (Take a mortgage on his house?) 

Thanks,

Manuel.

Ps: sorry for my english: i am french but live in Mexico (RIVIERA MAYA) and a big fan of bigger pocket...