If the rent is not paid by the 5th day of the month or a check is returned as ‘NFS’, A LATE FEE OF $50.00 WILL BE ASSESSED AGAINST THE RESIDENT and the Resident agrees to pay said late charge simultaneously with the rent on all installments not paid by the due date.

The key is to provide solid deals while simultaneously building up your reputation around the site.For more information on this topic give HOW TO GROW YOUR BUSINESS USING BIGGER POCKETS a read.

Same goes for simultaneous closing.

Double closings (not simultaneous closings) are not illegal, the assumption on a double closing is you are using your own funds or transactional funding to fund the purchase, and then immediately resell to another party with their own funding in a completely separate transaction.Using the end buyer's funds to fund your purchase is called simultaneous closing and is not insured by the title companies any longer.

;) oh and by the way I close on my first property today and my second next week using an assignment not a simultaneous closing like we talked about before.

Further, if you choose to exit a wholesale transaction with a double closing (aka...simultaneous close, double escrow, etc.), then there really isn't anything to talk about. 

You need a Title Company that understands "simultaneous closings"...

I don't have any reason to believe a trust would be better, but I'm not an expert.Another commenter mentioned that a good lawyer will sue you and your LLC simultaneously.

@Jeremy TaylorWhen the REO wholesale deal is nonassignable, it's easier to do a simultaneous close.

We will simultaneously try and sell the property on rent to own as well.LESSON OF THE WEEK: Working ON the Business - 6 Things I Need to Work OnI've attended a closing today but the closing did not happen (not my fault but HUD's) and have to be rescheduled for next week.