John Alexander Inverse Ownership Program

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Has any one heard of the John Alexander program? I need to know if it is legal in all 50 states. To simplify how this works, I look for FSBO homes, and contract with the owner for a price. I then find a buyer and contract with him for a price. Then I turn the final purchase agreement back to the seller and the buyer. I submit an invoice to the title company for the difference i negotiated with the seller and the buyer. That is my profit. I need to know if this is legal in Indiana? Can anyone help me with this?