I love it because it seems like it will be easy to remember when I'm nervous, and it seems like a great way to get all of the necessary information while simultaneously building some nice rapport.4.

Then I got side-tracked by a career change that involved significant travel for about 4-1/2 months, at the end of which my wife and I welcomed our first and second children into the world (ask me sometime about getting "the call" while out in the middle of nowhere in Pennsylvania).Perhaps it was the podcasts, perhaps it is the new work environment, perhaps it was the realization that in 18 years I'm going to be paying $$$$$ for two college tuitions simultaneously, but I have shifted my focus away from strictly buy-and-hold to a phased approach.

I am currently working in pre-foreclosures, assignments, and simultaneous closings .

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.