I am an accountant by trade outside of my real estate activities and I have simultaneously mainted the books at companies that used QB online versus QB desktop.

Simultaneous closings are when you use "C" buyers funds to close your end.

Hi Ashley,Please take note this is Not a simultaneous closing.

If I put a house under contract and intend to assign my contract rights at closing in a "double closing" or "simultaneous closing" can I put listings in the newspaper or signs up show the house for sale?

Matt,The answer is -- it depends.If you plan to assign your contract, then all you need is a purchase contract with the seller then an assignment contract to the buyer.But, if you plan to do a simultaneous close then you need a purchase contract with the seller and a purchase contract with the buyer.The advantage of the simultaneous close is that the seller will not know that you immediately resold the property and the buyer will not know how much profit you made.But, if you're honest with the seller and tell them what you plan to do up front then the assignment of contract is fine...

As long as they get their agreed upon price their happy and this is for a simultaneous close.

Hi,I've heard of double close, simultaneous close, but what is simultaneous double close??

You can either assign the contract or do a simultaneous close or sell the entity.

I either bought to rehab and sell, or found buyers for simultaneous closings via our own means.

In today's housing market, I teach my students to seek out deals and buyers simultaneously.