Shared asset with brother, mortgage involved, not mine, how to account for that?
Daniel Farfán Muñoz
dfarfanmunoz at gmail.com
Fri Oct 3 06:24:58 EDT 2014
Hi everyone, I hope someone can help me with this:
My brother and I bought an office together. I did a downpayment of 5% of
the value of the office. My brother paid the other 5%. He got a mortgage of
90%. We rent the office to someone else, I receive the monthly rent, and
then I transfer the money (minus some operational charges) to his account
so he can pay the mortgage.
So, I own the 5% of the value of the office, plus some money I earn from
the rent. But how do I account for that in gnucash? How do I know how much
of the office I own? Or how much I'm earning by renting it?
Thanks in advance.
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