I just bought my first toyota 4runner like at alot. After driving it for a few days I noticed the brakes did not feel right. then they started to leak and drip down on both of the inside of the tires. I am guessing it is brake fluid it got a redish tent to it . I did not know if this might be a common problem with these or not. truck has 199,700 miles on it. thanks alot for any input.I am just gettin in to yotas. already learned alot off here

 

Front or rear brake, or both? Give the dripping fluid a smell, it may be gear oil leaking out of a shot axle seal.

 

Yep, if it is dripping off the bottom knuckle cap studs then it is probably gear oil, not brake fluid.