Use QuickBooks to Manage Investment Property Mortgages

September 30, 2023

Q: I use QuickBooks Pro for Windows: 2010 for property management. How do I enter a mortgage on investment property into QuickBooks?

A: A mortgage is a loan secured by real property, in this case, the investment property.

Create a liability account for the mortgage balance. You should have captured all the details originally when you entered the purchase price of your property. If you received the loan at the time of purchase, all the details should be listed on the settlement sheet or HUD-1.

The HUD-1 Settlement Statement is a US government form that itemizes the loan amounts and funds for purchasing or refinancing a property. It also contains the GFE, or Good Faith Estimate.

Gita Faust

About the Author

Gita Faust has over 30 years of accounting experience in the real estate and property management industry, Gita Faust is more than just a real estate investor; she is also popular for her work as an accountant, consultant, mentor, speaker, QuickBooks Top ProAdvisor, QuickBooks Solution Provider, member of Intuit’s Trainer/Writer Network, and, of course, author. Gita is well-known for her exemplary leadership and advisory skills. In fact, she even helped pioneer the adaptation of QuickBooks to suit the needs of professionals in real estate and property management. To share her knowledge she has written a series of courses titled Simplified Accounting Solution, which provides step-by-step guidance for those working with QuickBooks.

For Real Estate Investors

For Real Estate Investors

For Property Managers

For Real Estate Investors

For Real Estate Professionals

QuickBooks App

QuickBooks Software

Apps we use