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the next exercise is going to be making that same purchase using the out settlement statement but this is gonna be exclusively specifically for property flippers in other words this property is not going to be rented this property is not going to generate income so when we purchase this property most of it is pretty much going to be part of the asset let me split the screen here and show you the out settlement statement that were going to be using for this exercise so this is the settlement statement that we got and we are in the borrower side so were the buyer where the borrower so were gonna be using all the numbers that are right there on the borrower side so let me split QuickBooks here on the right-hand side and I start with a journal entry now I want to mention that theres a $10,000 deposit which we probably paid way before the closing lets assume this closing happen in June 17 2018 were gonna use 2018 for the date so we can use the same exercise on the selling side assumi