1099 form....www.irs.gov& FYI in my humble opinion(imho) as a former Multiple Business Owner(simultaneously) U need 2:1-Hire a Book keeper/CPA w/extensive familiarity with our business (RE & MB'ing)2-Hire a "Managing" broker w/ a MINIMUM of 5-10 yrs exp.

Now if I can just get the original deadbeats out of the other place early I won't be working on two places simultaneously!

It could be that it was taken by the bank and they got bought out simultaneously (banks have been big merger targets the past 8 years), and the file got misplaced.

Generally simultaneous closes with the end buyer cashing out their equity at closing.

Looks like simple simultaneous closings.

The disclosure of title insurance premium pass-through is if the seller is paying for title insurance then they will need to sign a disclosure stating that you may be using that premium to partially fund a title insurance premium on a simultaneous closing to a buyer.I also know of several investors in Atlanta that do double closings on a regular basis, and I would hypothesize that they are not in danger of jail or even civil charges.

It is possible to handle multiple deals simultaneously,but usually you need hard money to do it.Hard money works because the lender looks just atthat property, and not at the fact that you have5 others in progress at the same time.If you find yourself turning down deals, or doingquick flips because you don't have working capital,working closely with a hard money lender can bethe solution...or not, it depends.Sorry to sound like a commercial.

You need to make sure you have an investor friendly title company that is capable of doing double closings or hopefully a simultaneous close so you don't have to bother with funding at all.

I would then immediately flip the property and pay off the note.PROS:- The note is an 80% loan-to-value- there is a 10% interest rate on the note- I have excellent credit- a sum of cash would be offered to the new owner of the note as an incentive- an early payoff penalty would be in place on the noteCONS:- there is no payment history since the note creation and trade will take place almost simultaneously- there was no down payment paid to the seller of the houseAre there any firms that would accept a note like this?

In other words, they are choosing to build equity into as many properties simultaneously at once, instead of all cash's strategy of building it in one property at a time as quickly as possible to minimize interested paid overall.I'm sure both strategies have pros and cons, but what all cash is probably saying is that if your not going to pay the mortgage down ASAP, then you better be using that money (that your essentially borrowing from the bank every day that goes buy) in a way thats even more beneficial to you than it would be to avoid the interest payment on it.