own a 2 family house, FinAid consequences living there or not? Advice please.

[sylvan8798]

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@notrichenough

So, in my opinion, if you spend $500 in cash on a new fridge, it lowers your countable assets for FA purposes by $500. But if you want to add the $500 to the value of the rental, feel free. I wouldn’t.

I’m not seeing the difference between “lowering your assets by $500” and “lowering your net income by $500”? Except wouldn’t it only come off my assets if I hadn’t spent the $500 elsewhere (groceries, say) and still had it in an account or something?</p>