Yes, you can create a job for the house and put all expenses on that job, katcup56.
Before getting started, consider setting up accounts for the loan and track the payment. Please refer to this article to record the purchase side of the house and lot: Manually track loans in QuickBooks Desktop.
Once done, set up a job for that customer:
- Open the Customer Center window.
- Select the name of the customer for whom you want to make a job from the Customers & Jobs list.
- Click the New Customer & Job button.
- Choose the Add Job command from the drop-down to open the New Job window.
- Enter the name and other details.
- Click the OK button to add the job.
After setting up a customer job, you can assign all expenses to that job. Please browse this link for complete instructions on how to record the resale: Tracking job costs in QuickBooks Desktop.
Let me know if you need anything else with tracking the land and house you've purchased and resale it in QuickBooks. I'll be right here to provide the information that you want to learn.
