Buying from a lease-option buyer

[Andrew Friberg]

Hey Everyone,

I have found a great house, long story short the numbers didn't work for me and my partner to flip so I decided to wholesale it. In the process of all this I came to find out that he is buying the house through a lease option. He isn't the owner of the house and no documentation with the county even shows that he is connected to the house.

So, changing up names, Steve is selling the house to Jerry through a lease option, which isn't fulfilled. Jerry needs to move away to care for family so decides to sell to me. I have got an amazing price but the numbers aren't conducive to the way I am investing (i.e. working full time, and with a partner). so in order to still make some cash on the deal I decide to wholesale. when I go to sell to Buyer I will assign the contract I have signed with Jerry to Buyer. but how does Steve fit in because he is the one who actually holds the title. 

My question is how do I wholesale this property? I am writing up a contract for me and "Jerry" and trying to figure out what to put where so we don't throw a monkey-wrench in all of it.

BP WHOLESALERS HELP