We are actually in the process of flipping a condo in the same development, we have found that seniors enjoy the community and the amenities so on a prospective basis we are doing just that, rehabbing the community while simultaneously generating quick capital.

So If i work with attorneys right, can I do a simultaneous closing?

It will be a pain to go through, but you'll usually get much better rates than private $.On the other hand, if it's a really good deal or you expect actual other simultaneous offers (as opposed to the alleged simultaneous offers the agents always say they have...

@Eli Bryant1) the price you negotiate won’t be guaranteed until the bank gives their number. 2) make sure that your agent and the listing agent know what they are doing with short sales. 3) if the lender is a larger national bank be aware of them simultaneously foreclosing on the property.

This is sometimes called a double closing or simultaneous closing.In CA it might work better because the transfer taxes are reasonably low depending on the county your selling/buying from.

If you further leverage that cash value to invest in real estate, then you quite literally have 3 assets all working for you simultaneously.

Will probably file for both these permits simultaneously... just waiting to see how things shake out with the county. 

I agree with @Chris Gawlik that it is a crazy situation to simultaneously have record unemployment and record highs for just about every asset category out there.

The larger the DP, the more "you" paid for the property since the rest of it, if leveraged, is paid for by the tenant...as long as you have positive CF.Example:  $100k property; Cash Flow without Mortgage = $10k/year;  CF w/ mortgage = $5k/yrOption #1 - 100% cash purchase of 1 propertyCost = $100k; Equity  = $100kCF/Yr = $10k# yrs to recovery of cost = 10Profit after 10 years = 0Option #2a - 20% DP; financed = $80k of 1 propertyCost = $20kEquity = $20kCF/Yr = $5k# yrs to recovery of cost = 4Profit after 10 years = $30kBoth properties appreciate the same based on $100k in property valueOption #2b - 20% DP; financed = $80k times 5 properties (using the same $100k)Cost = $20k/property = $100kEquity = $20k/property = $100kCF/Yr = $5k/property = $25k (5 propertis)# yrs to recovery of cost = 4...all 5 are recovering simultaneously Profit after 10 years = $150kAll 5 properties appreciate the same, but the total appreciation is now based on $500k in property value, meaning you would be gaining appreciation 5 times faster than the first 2 Options.

I’ll just say that it’s possible to both fix your credit and finance a property simultaneously.