sell

QuickBooks Online Tutorial: Recording a purchase and sale of real estate property (flip)

0:00
↔️ ↕️

Timecodes:

the next exercise is going to be making

that same purchase using the out

settlement statement but this is gonna

be exclusively specifically for property

flippers in other words this property is

not going to be rented this property is

not going to generate income so when we

purchase this property most of it is

pretty much going to be part of the

asset let me split the screen here and

show you the out settlement statement

that we're going to be using for this

exercise so this is the settlement

statement that we got and we are in the

borrower side so we're the buyer where

the borrower so we're gonna be using all

the numbers that are right there on the

borrower side so let me split QuickBooks

here on the right-hand side and I start

with a journal entry now I want to

mention that there's a $10,000 deposit


Related queries:


how to market a real estate project
how to sell real estate property