Will the contractor have to do other jobs simultaneously in order to keep food on his table? 

Either with a gap loan, or simultaneous closing, etc?

I told him that if he puts up the capital, I'd be more than willing to do all the due diligence and work that it would take to find the deals, tenants, find contractors, etc. without his paying me because I would gain significant experience in the process and simultaneously, he would profit.

Hi everyone,I just purchased my first fix-n-flip and am looking for some advice on saving $$$ and hassle.Scenario 1:  Partner with a contractor (consists of 2 people) to save on building and split profits (split would be 4 ways because I am partnering with my sister)Scenario 2:  Hire a few contractors (having a 'contractors bidding open house' this Saturday) to get multiple items done simultaneously and supply majority of materials myself.  

3) Also I have read about "double closings and simultaneous closings". 

., etc) that I can pursue to learn more from and simultaneously earn a check while I save for my first deal and/or pay for my RE license? 

Is anyone doing simultaneous closings?

I do not see any reason why you cannot do both simultaneously.

Before you sign the contract, call your local zoning and find out what kind of road frontage is necessary in the area and make sure that lot has a minimum of that road frontage.The quick closing would ideally be a simultaneous closing, in which the money from the builder pays the seller and you'll get the difference.

Market the home once work is finished and have a simultaneous closing when you sell the home at the new value.ExampleValue of home today $100,000 Option Price $1,000Repair Budget $9.000ARV $140,000Total In $110,000----Profit $30,000