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QuickBooks Real Estate – Buying 3 Properties On One HUD 1 Settlement

Posted on February 7, 2014June 11, 2024 By Mike Butler 1 Comment on QuickBooks Real Estate – Buying 3 Properties On One HUD 1 Settlement

QUESTION from Kyle:

Hi Mike,

Love the software still and have a unique question.
 
I just purchased 3 properties from the same seller and we did it all on one HUD. I know I need to enter the HUD exactly as I received it, but the question is I need to separate the properties because we are going to be selling them separately and splitting the profit on each one.
 
Should I just enter the HUD as it is, then make separate accounts for each properties so they show up separately for when we sell them and have to enter a selling HUD?
 
Obviously the HUD we used to purchase the 3 properties will have a big balance on it even after we sell 1 property. It seems it may be tricky to balance this all out.
 
Hope I confused you with this. Thanks.
 
Kind Regards,
Kyle J. Weimer
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HOW TO VIDEOS, INVESTOR BOOKS, Buying Tags:3 Deals in One, buying, hud 1 buying

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Comment (1) on “QuickBooks Real Estate – Buying 3 Properties On One HUD 1 Settlement”

  1. Kyle Weimer says:
    May 20, 2014 at 2:16 pm

    Mike,

    You are absolutely awesome!!! Thanks so much for clarifying this!! Hopefully everyone will be buying package deals at some point!!

    Rock On!!

Comments are closed.

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