Hi all, I have a question regarding how to answer the net worth question on the FAFSA. We have a rental house that’s owned by my in law and I . So on paper, it’s a 50/50 ownership. Do I then enter 50% of the net worth (current value minus amount owe), since I own 1/2 of the property? Any advice would be greatly appreciated as we are very confused about this investment topic… thanks!
Yes…enter your %age of the ownership. But make sure that is how this is really listed.
Thank you!
@BelknapPoint would it matter how the deed is written? If it’s “and” or if it’s “or” for the ownership?