I put down the principle and purchased the home. Kids have been living in it and remodeling and saving. They want to transfer the home to their name but would also need to eventually buy the home from me.

It gets complicated from here because they spoke with a lender who offered they place the home in their name and mine in order to get a cash out refinance in 6 months and then pay me back the principle I put in the home. Apparently they can avoid high closing costs by doing this.

Does this seem like a good plan and do I just get the title company involved?