opportunity to buy house while vendor builds on section

[QUARTERACRE]

Hi Guys
I have been approached by someone who wants to work out a deal whereby I buy the house and he can build a new one on the back of the section beginnning next year. The house is a do up which is fine. My question to you experienced investors out there is what do you think is the best way to structure this so I can get a good deal.
He has asked me for suggestions.
I am set up for trading but at this stage I am not sure if I would hold the house or flick it.
Educated comments are much appreciated. Thanks.

[Dean@Massiveaction]

Depends on his funding ability.
1 option is to purchase the property and option the section back to him. If he can afford to build without needing a loan then he builds his house, gets a valuation on completion, exercise his option and buys the section back then.

Asuming he needs title on the section to borrow to build you could enter int o a JV agreement where you jointly own the property or you could purchase and vendor finance him into the section.

Need more info to be of any more help.

[QUARTERACRE]

Poomba.
I'll get some more info and post it. I think this vendor has the cash to build, its me that is needing to watch how I finance my part.
So I was wandering about him leaving some finance in or something.