I am confused on this

The difference between a simultaneous closing and a double close. I’ve even done both of them the past year and I still get confused. Here are my questions.

As I understand it a double close is where I buy it with my own funds i.e bank, HML, private money, etc. then I re-sell to end buyer at a later time i.e 15 minutes, 1 day, etc. 2 sets of closings.

As a simo close is where I use my buyers funds to fund both deals, meaning I bring no financing to the table but yet have one set of closing costs, not 2.

I am use to these closings because I deal with REO’s and have yet to the day done an assignment. So…

My cpa has my hud’s from the past year so I can’t reference back but…

In a simo close does my buyer know what I’m making? Or should I double close to “hide” our profit?

Thanks for listening to my brain fart question,


Hi Nate,

I think it may be a matter of semantics as I have heard both terms used interchangeably.

It also may be a matter of location and/or settlement company.

That being said, with REOs you may actually “have” to show your “own” money (private, HML, etc) in order to get the bank to accept your offer to purchase.

In my experience it is the settlement company that drives whether or not I actually need my “own” funds or can just use the end buyer’s money to make my initial purchase. Either way the end buyer does not know how much money I have made (until the deed is recorded) because they only see the HUD-1 from their purchase transaction.

In any case, it really shouldn’t matter to your buyer how much money you are making since they should be running their numbers to ensure their own profitability based on their purchase price.


What my local escrow calls a simultaneous closing is when I sell one and buy another to replace it. My funds I get from the sale go directly to pay for the purchase.

So, I am thinking that the uses of those 2 terms might very well be local custom.