You'll need to set up the following new accounts:Asset Account - Escrow at new company (I set my escrow accounts up as bank accounts)Liability - New Mortgage Payable.Let's assume the following balances before the Refi:Escrow account $500Mortgage Payable - $100,000.Long Term Asset - Property - $110,000Let's assume the following balances after the Refi:New Mortgage balance - $350New Mortgage Payable - $130,000Cash out $28,000Closing Costs and Escrow - $2000As you go through the Settlement Statement, you'll pull all of these items out and put them in the following journal entry:Mortgage Payable -      debit    $100,000New Escrow Account - debit   $        350.00 (You'll find this under the settlement statement, usually labeled as so many months of prepayment of insurance and property taxes)New mortgage Payable - credit -                       $130,000Cash/Checking Account   debit   $28,000Loan Amortization Costs -       debit           750.00           This should be only a fee paid as a percentage of the loan.  

I'm in my mid 20s and Real estate has definitely been a journal.

A good Ozone machine can take care of most smells in a home. http://www.ozonesolutions.com/journal/2009/how-doe...Good luck!

And according to the Philadelphiia Business journal(june 2015),  The Philadelphia region is home to 12 Fortune 500 companies, so this City might have potential.  

, so I have to make a manual journal entry to record the income and exlude the automatically imported amounts.

Do you happen to have any data (realtytrac, redfin, biz journal) that could expand on Lakeland being booming place?

You may find some properties that are listed as being in Journal Square, but, if you actually look at them, they're quite far away.

I will be posting a journal of the project upon completion.

I posted a topic last week about the Wall Street Journal’s article announcing the end of the housing “bust.”

Anyway, I'm trying to figure out how to make this money grow so I can buy a condo in my city (Jersey City) - there's a lot of redevelopment happening in my parts of town (Downtown, Journal Square, Newport Pavonia) and a lot of bad neighborhoods as well (Greenville, Westside, The Heights).