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Updated over 5 years ago on . Most recent reply

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Erika GIlces
  • Irvington, NJ
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Real estate investment and financial aid

Erika GIlces
  • Irvington, NJ
Posted

So I'm looking to purchase a home or condo in Washington d.c.. my brother will be going to law school and I suggested we get a property so we can house Hack and he can live in it. I live in n.j. my question is if his name is also on the property will it affect his financial aid in the future. It would help in putting down a smaller down payment. But if I do it on my own it would have to be 20% down because itll be an investment property. I just don't want to jeopardize is school help so looking for any info I can get beforehand ..plus this would be my first time getting into real estate . thanks in advance

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