Flipping without taking title

[Edward Kozic]

I am not sure how to structure this deal and need some feedback. I found this property on Craig’s list. The property is vacant and the current homeowner does not want to sell it for less than $160K. He is very motivated and just wants to break even at this point. With about 25-30K it could probably sell for around $230K so there is money in the deal. I want to flip it but never actually purchase the home and just have the title and deed linked to the current homeowner.  I will be bring the contractor and funds to the table but how would I contractually do this?  I will need to structure it so that I have full control of selling and at what price point. I want to lock this homeowner in at $160K and take profits for everything over my all in cost. Does anyone have any contracts or have done something similar and could pass on some advice? 

[Will Barnard]

Originally posted by @Corey Dorsa:

Thank you! That is exactly what I was looking for. I just have one more question for you. Would lenders be more aware if this is a property past down due to the death of the family member? It was passed down probably a month ago. I wouldn't imagine that it would matter but just covering all my bases.

No, that would not negatively impact you or the plan I suggested. Properties passed down to heirs is very common and the due on sales clause does not apply to that.