Occasionally you may need to enter negative "costs", like lender or seller credits, rehab work rebates, seller concessions or other discounts you receive during the closing process.

You can do this by entering a negative amount on any itemized list on the property's Purchase Worksheet, like closing costs, rehab costs or operating expenses.

 

Step 1: Select "Itemize" for the Category in Question

For example, if you need to enter seller concessions, open the Purchase Worksheet, and click Itemize next to the Purchase Costs input:

Purchase costs itemize button

Then turn on the Itemize Purchase Costs toggle:

Purchase costs itemize toggle

 

Step 2: Add an Item With a Negative Amount

Click the Add button at the top right of the list:

Add a new purchase cost button

Then enter the information about the credit, rebate or concession you're receiving, making sure to enter a negative amount:

Seller's concessions new item example

After clicking the Save button, the new item will be added to the list. It will correctly discount the total for that category and offset the other items:

Seller's concessions item example

 

Note: The above screenshots were taken from our online app, but the same features can be found in our iOS and Android apps as well.

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