All money spend after the sale of the property should be posted to Profit & Loss.And yes on the day of the sale you transfer the pruchase price, loan cost, settlement cost, imporvements to Profit & Loss. 

And advice is appreciated.Hi James,If you no longer reside on the property, it might qualify for a ground-up construction private loan for non- owner occupied properties. 

Like I say, I am a newbie to commercial any feedback, advise or direction you could provide would be great,Thank,

I could obtain a real estate loan here, but interest rates are crazy high.

Can you give us details, price, downpayment, loan terms, cap rate etc.

Purchase price: $850,000 Cash invested: $140,000 Sale price: $1,476,500 Source: Cold Call12 unit multi familyPurchase: $850kLoan 1$250k 1st position loan (down payment to seller)2 yr balloon,12% interest onlyLoan 2$600k 2nd position seller finance3yr balloon, 0% interest, 30 yr am, 8 month deferred paymentsThree 4 unit buildings.

The loan I have right now is the loan from the bank - a conventional loan.

It's seamless, makes tracking revenue and expenses very easily, provides me with bank account options for all of my properties as well as virtual credit cards AND a hefty interest rate on savings.

CASH BUYERS: Want Good DealsMOTIVATED SELLERS: Want their houses sold fast.STEP 3:Provide that value.

Thank you for sharing the numbers, as I'm sure a lot of investors will have a lot of different ideas for you based on the outline you provide.