<p>to what extent are investment properties, i.e. rental homes, countable assets for fafsa?</p>
<p>is only the income gained counted, or is the entire est. value of the property counted?</p>
<p>I recall reporting the total value of a piece of real estate we own mortgage free. Since it is owned without a mortgage I’m not sure how the mortgage might be taken into account. The amount of income gained would be reported on your taxes and is also counted.</p>
<p>Yes, the value minus any mortgage is captured as an asset. If you have no mortgage, then you report the value. (Amount the property could be sold for.) The income and loss is captured through the tax reporting before the AGI calculation. If you own it but don’t rent it, then obviously it’s just a reportable asset (second home, for instance) on FAFSA.</p>
<p>On FAFSA investment properties must be reported as assets (value less any mortgage against them), and the income from them must be reported as income.</p>
<p>time to search for loans again :(</p>