Do not ever use the term simultaneous closing, as most interpret that as using the end-buyers funds.

To my understanding, I'd like to do a back-to-back or simultaneous close on a deal like this and my potential buyer is okay with this.Im new to this so don't shoot me if my verbiage is 100%, Any guidance or suggestions are always welcome.

I think I read somewhere that bids submitted within the first 5 days were opened simultaneously.

In this instance, we insist on being paid simultaneously with assigning the contract to the new purchaser.

As David Lindahl says: We should be looking for new deals and get ourselves into new networking opportunities simultaneously every week.

@Kevin Hunt I have never heard or read any federal or state law to state that a simultaneous closing is illegal, but I'm sure there are more well versed people on this forum to specific statutes that specifically state that a double closing is loan fraud or illegal...if they can cite the statutes, then please post the references so we can review them.However, what you'll find, is title companies doing CYA and not doing double closings.There are still some that do double closings, but worse case, you can get transactional funding which closes your side with the seller, then the buyer closes the B-C side.

I haven't made my first RE investment yet, but I'm determined to not succumb to paralysis by analysis...I have been reading J Scott's book on fixing and flipping, and I've been simultaneously developing a business plan.

I LOVE this site, thank you Josh Dorkin, Brandon Turner, and all the other people involved who I don't know about.... but anyways.I haven't been able to go to my local REIA meeting yet, but I wanted to know as a wholesaler in NC what is the BEST title company to use for A) Double/Simultaneous closing, B) Assignment of contract, or C) BOTH...

Can you do this simultaneously like a normal wholesale transaction?

You can wholesale using the MLS, if you want to do a double/simultaneous close with transactional funds.