<p>Hello
my parents owns a three family house and rents out 2nd and 3rd floors, they lives on the first floor, does the house count as an investment? or just the 2nd and 3rd floors count as an investment? or it doesnt count as an investment at all? cuz FAFSA states that investment does not include the home your parents lives in? i'm getting really confused</p>
<p>thanks for the helps in advance!</p>
<p>Is the house a tri-plex? Is it completely divided with 3 completely separate entrances, 3 kitchens, and 3 addresses? Or is it one big house that happens to have 3 families living on one of the floors?</p>
<p>yep it’s a triplex</p>
<p>So 1/3 of the net value of the property is excluded as a primary resident and 2/3 of the value is reportable as investment property.</p>
<p>[FinAid</a> | Professional Judgment | Rental Property and Multi-Family Residences](<a href=“Your Guide for College Financial Aid - Finaid”>Your Guide for College Financial Aid - Finaid)</p>