Simultaneous Close - Posted by kee

Real Estate Investing
1

Posted by Kristine-CA on April 16, 2003 at 18:31:19:

Kee: if you search the archives for “double close” and/or “simultaneous close” you will find lots of info on this topic. The main reason for doing these kinds of transactions is so that you don’t have to use your own money, but that your buyer’s.

Sincerely, Kristine

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Simultaneous Close - Posted by kee

Posted by kee on April 16, 2003 at 13:19:00:

Can someone explain the concept of a simultaneous close? Do you need to purchase(pay for) the property prior to closing?