How to Double-Close when Co-Wholesaling: Also a Broker Involved?

[Burt L.]

While I've had a few years full-time experience as a wholesaler, I have never co-wholesaled someone else's deal before. I have a buyer for a house the owner dug the crawlspace out and removed the dirt for a full basement, but now wants to sell in it its current condition - an excellent wholesaling candidate.

The person who holds the contract holds it in an LLC, and it is not an assignable contract. I nearly always double close as I see it as relatively cheap insurance against last-minute, costly surprises. If an assignable contract, the title company had said I do my usual B to C contract and have the person with the contract assign it to me. In this case I cant do the assignment as part of the A to B and so am looking for a work-around.

I'm sure neither party would like to have me in this deal but the contract-holder doesn't have a buyer and I don't want to end up just introducing them and getting cut out or having either side complain about my fee as closing approaches, which wont be out of the ordinary but will be something to complain about as there are extra people in the sale. Additionally, the owner has a broker who is involved, though it is not listed. The person with the contract found the  seller from a Craigslist ad, and the owner is out of state and somehow has a broker representing his interests.

I foresee a showing with a broker and two wholesalers, which is just ugly, even though this buyer likes foundation-issue houses. The person with the contract wants to sell this disposable LLC in this sale as its not assignable - just the setting I double close in, instead.

I see all of the elements of a messy deal approaching, and want to be able to close and keep the fee unknown, as I do with nearly all my closings. Do you have any suggestions -  I don't want this to turn into a bad country song, in real estate terms. Thank you.