New SFH built on land. Land seller wants a percent of the profit.

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Hi all,

Got a motivated seller with a half acre lot in a good location for new construction. He's asking too much for me to wholesale it, but he said he's open to an arrangement where he allows us to build a SFH home on the land if he gets a percentage of the profit once the land/home sell.

What is that kind of deal called? Are there any good resources/podcasts on that sort of thing?

Thanks.

So if you are unable to finish the build, or if it doesn't sell he gets to keep the land and whatever improvements you added to it. Doesn't sound like a very good deal to me unless he were to add you to the title. There must be shared risk to have shared reward.