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

Daniel Farfán Muñoz dfarfanmunoz at gmail.com
Fri Oct 3 09:38:05 EDT 2014


Thanks. We are doing business as ourselves, no company involved.


2014-10-03 10:34 GMT-03:00 Aaron Laws <dartme18 at gmail.com>:

> (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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