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Setting up a new property

Hi, I recently bought a home which is currently under construction. So far I have paid a deposit and will start making progress payments to the builder with cash and will move on to a bank loan for the rest of the purchase price once the cash portion is done.
Can someone please advise on how I could do this in Quicken.
Also, how do I track expenses related to this property - eg lawyer fees etc
Thanks

Best Answer

Answers

  • XCountry
    XCountry Member ✭✭
    Forgot to mention that I will only get the keys to the property once it's completed in a years time.
    So technically I do not own the property as yet but am making payments towards it.
  • XCountry
    XCountry Member ✭✭
    So by doing this means when the the loan kicks in, the value in the house account should be the purchase price of the house.
    Thanks much!
  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    XCountry said:
    So by doing this means when the the loan kicks in, the value in the house account should be the purchase price of the house.
    Thanks much!
    EXACTLY!
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
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