Shared asset with brother, mortgage involved, not mine, how to account for that?

[Aaron Laws]

(Not an accountant.)

Is there a business or company involved, or are you two doing business as
yourselves?


In Christ,
Aaron Laws

On Fri, Oct 3, 2014 at 6:24 AM, Daniel Farfán Muñoz <dfarfanmunoz at gmail.com>
wrote:

> 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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