On one side you will learn valuable lessons from your market and simultaneously accumulate the much needed funds for a down payment.

Not bad for a free service.I think you need to do all of the above simultaneously and be sure to have a clear and consistent message.

They should be negotiating both the 1st and 2nd simultaneously.

what about no telling the bank you have option contract from the seller. tell them you are handling their shortsale and you have authorization (make sure you get proper authorization from the seller and send it to the bank) then find yourself a buyer and sell it above the negotiated price from lender then do a simultaneous closing. you get the difference!

And there are transactional lenders like me who will provide funding.These are not Double closings which were simultaneous.

Doing a double closing has nothing to do with any investor strategy other than it is a closing process that can be used to accomplish simultaneous closings, which is not illegal.

I've also found that the listings start out with one realtor for six months....they the #1 REO Realtor moves in for the kill, because they are the #1 REO Realtor.....they get the listing and simultaneously put it up on auction with REDC.

Therefore I would much rather buy 3 x $80k properties at the same time, than buy 1 x $240k property.The reason I would like to buy properties simultaneously, is that I was considering taking a 3-6 month unpaid vacation next year, and would like to build my property portfolio prior to having an income gap, leaving me with more difficulty financing.

(At least briefly if we orchestrate a simultaneous closing)That way when we sell to our end buyer, she nets 20% of the profits, and I pocket the rest.

OK thanks Daniel and Jscott, I think I am going to use the simultaneous closing method instead.