Company that uses your credit to fix and flip with no $ down??

[Gil Pang]

Hi BP Community,

I was approach by someone who works for http://kennsington.co/.  He told me he was looking for partner w/ someone w/ 700 FICO score + to do a fix & flip and split the profits 40/60.  

From our short discussion, they said they'd secure my financing, fix and flip the home.  They cover all the carry costs and also there is ZERO money out of pocket on my end.  All i'm asked to do is use my credit score for them to secure financing and i collect when they flip it.

to be honest, this sounds way too good to be true.  there has to be a catch or a scam.  i only use my good credit and i collect???  no way.

have you guys heard of business models like this?  what do you guys think?