Back in my newbie days I simultaneously put in 14 offers for an "investor" that had the capability of closing on exactly 0.

Tom, I myself am also a new investor and am currently in the middle of 2 property flips (I was doing three simultaneously but just sold my first one last week).

The underwriters are requiring that the title company report ANY requests for simultaneous closings for additional review.

A wet closing refers to a deal that is funded with your own funds (or that of your own borrowed funds) to close a transaction.A dry closing refers to a deal where you use an end buyer's funds to close your transaction, then the second transaction closes.Example:A=Your seller (usually a bank short sale or REO)B=YouC=Your end buyerFirst the A-B transaction must close, then the B-CIn a wet funding, you bring the cash to close the A-B, then you close the B-C.In a dry closing (also called a simultaneous closing), you would use the C buyers funds to close the A-B transaction, then the B-C closes on very same day.Dry closings are harder and harder to complete these days as most title companies no longer allow them and new rules/guidelines from banks also prohibit them.

Most times I actually do a simultaneous closing since I'm paying the tax anyway.

Don't forget, the same team will assess your property for heat pumps, simultaneously.  

@Stanley Bronstein  The title company I spoke to did offer to do assigned contracts(with full disclosure) but they wouldn't do a double/simultaneous close(two escrows) A-B and B-C type transaction.

When going with a HML, do you get a loan for the down payment + rehab amount and use it to get a conventional loan, basically having two loans simultaneously then refinance both loans into one?

I've lost track of which thread this is as we seem to have a few of these going on simultaneously... 

My dilemma is that I can comfortably do a 5% down payment here, or 20% elsewhere in a market like OH, but not both simultaneously, so I’m trying to determine which is the better financial decision to set me up for a successful investment portfolio.