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Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: frugalnacho on January 29, 2015, 08:58:42 AM

Title: How do I manually add a negative real estate value in mint?
Post by: frugalnacho on January 29, 2015, 08:58:42 AM

My wife purchased her house in 2009 with the assistance of a program by the county.  The deal is that if you qualify and purchase a house the county pays for half of the mortgage price and you don't have to repay them until you sell the house or move out.  So for example you buy a $100k house, the county pays $50k, and you get a mortgage for the remaining $50k.  You don't have to pay the county back as long as it's your primary residence. 

So I entered her (now our) house in mint, and originally I manually put the price of the house less the $50k we will owe the county eventually.   The price of our house has changed though, and rather than constantly updating it manually I would like mint to automatically pull the value from zillow.  I can't figure out how to make it account for the $50k we will owe the county though.  It won't let me add a real estate item with negative value.  I also can't enter a fictional 0% loan without linking it to a real account.  So how do I account for this and have it update my net worth automatically?

Title: Re: How do I manually add a negative real estate value in mint?
Post by: frugalnacho on January 29, 2015, 09:02:49 AM

Never mind.  I should have spent more than 3 minutes trying to figure it out before I asked a question.  Just add it as "other" account and you can just make a personal loan to account for it.