another way to do simultaneous close?

[Eric Fete]

Hi all;
I am looking to do some wholesale deals with simultaneous closings. I remember hearing an investor mention doing it this way:

write up a p&s contract with the seller with your name and the buyer's name. Then you can close together in one closing (saving $) and then get paid out of that, with agreed upon terms with you buyer of course.
Is that possible in any way? Thanks for any advice!

Eric
Prosperous Holdings, LLC